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Technology
Tesla could start selling Optimus robots by the end of next year, Musk says
(Reuters) - Tesla's humanoid robot is still in the lab, but it may be ready to sell as soon as the end of next year, chief executive Elon Musk said on Tuesday.
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Technology
Musk's X Corp appeals dismissal of lawsuit against anti-hate group
(Reuters) - Elon Musk's X appealed the dismissal of its lawsuit against the nonprofit Center for Countering Digital Hate, which faulted him for letting hate speech spread on the social media platform once known as Twitter.
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Technology
TI forecasts Q2 revenue above estimates as analog chip demand improves
(Reuters) - Texas Instruments forecast second-quarter revenue above analysts' estimates on Tuesday, signaling an uptick in demand for its analog semiconductors after a prolonged slump, sending the chipmaker's shares up 6% in extended trading.
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Technology
IBM nearing deal for cloud software provider HashiCorp, source says
(Reuters) -International Business Machines is nearing a deal to buy cloud software provider HashiCorp, according to a person familiar with the matter.
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Technology
AI boom to fuel natural gas demand in coming years, report says
(Reuters) - A spike in power usage from artificial intelligence (AI) data centers could significantly boost natural gas demand in the second half of the decade, analysts at investment banker Tudor Pickering Holt & Co said in a report on Tuesday.
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Technology
TikTok has submitted risk assessment report on TikTok Lite to EU
BRUSSELS (Reuters) -TikTok has submitted a risk assessment report on its new app TikTok Lite to the European Commission, the company said on Tuesday, averting a possible fine.
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Technology
Apple announces event on May 7 amid reports of new iPad model launches
(Reuters) -Apple will hold an event on May 7, the company said on Tuesday, amid reports that it would roll out the long-anticipated revamped versions of iPad Pro and iPad Air next month.
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Technology
Walmart-backed fintech One launches 'buy now, pay later' services, source says
(Reuters) -Walmart’s majority-owned fintech startup One has started offering buy now, pay later (BNPL) loans for big-ticket items like electronics and power tools at some of the retailer's U.S. stores, a source said on Tuesday.
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Technology
Coca-Cola signs $1.1 billion deal to use Microsoft cloud, AI services
(Reuters) - Microsoft said on Tuesday that Coca-Cola had signed a $1.1 billion five-year deal to use its cloud computing and artificial intelligence services.
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Technology
Google invests $640 million in new data centre in Netherlands
AMSTERDAM (Reuters) - Alphabet-owned Google is investing 600 million euros ($640.62 million) in a new data centre in the Dutch city of Groningen, it said on Tuesday, adding the investment will create 125 new jobs.
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Technology
NatWest CEO sees 'material opportunities' in AI
LONDON (Reuters) - Britain's NatWest has identified more than 100 priority areas where Artificial Intelligence (AI) can be used to simplify the bank and boost efficiency following a bank-wide review, Chief Executive Paul Thwaite said on Tuesday. The projects will help improve staff engagement and increase productivity, Thwaite said in a statement released to coincide with the bank's annual shareholder meeting in Edinburgh.
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Technology
Trump poised to clinch $1.3 billion social media company stock award
(Reuters) - Donald Trump is set to secure on Tuesday a stock bonus worth $1.3 billion from the company that operates his social media app Truth Social, equivalent to about half the majority stake he already owns in it, thanks to the wild rally in its shares.
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Technology
Amazon launches low-cost grocery delivery subscription plan in US
(Reuters) - Ecommerce giant Amazon.com launched a new grocery delivery subscription on Tuesday in the United States for members of its Prime program and customers who are recipients of the government food assistance benefits.
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Technology
Spotify profits up, but lower marketing hits user growth
STOCKHOLM (Reuters) -Spotify's quarterly gross profit topped 1 billion euros ($1.1 billion) for the first time after it reined in marketing spending, although that meant the music streaming giant missed its forecast for monthly active users.
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Technology
Adobe to bring full AI image generation to Photoshop this year
(Reuters) -Adobe said on Tuesday it plans to place a tool for full artificial intelligence image generation in its Photoshop software later this year.
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Technology
Tesla shares edge higher ahead of quarterly results
(Reuters) - Shares of Tesla edged higher on Tuesday ahead of the electric car maker's first-quarter results, with analysts expecting its lowest gross profit margin in more than six years.
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Social media
TikTok risks fines as EU issues ultimatum over app launch
The European Union opened a new probe Monday into whether ByteDance Ltd violated the bloc’s new content law when it launched its TikTok Lite app in France and Spain without providing a full risk assessment.
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Social media
TikTok’s crackdown on Ozempic influencers threatens weight-loss drug hype machine
TikTok is trying to rein in the Ozempic hype.
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Technology
China’s cheap EVs redraw the map of where cars get made
China is set to change the map of global automaking by stepping up electric-car exports that will intensify mass-market competition, according to the International Energy Agency.
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Technology
Microsoft launches lightweight AI model
(Reuters) -Microsoft on Tuesday launched a lightweight artificial intelligence model, as it looks to attract a wider client base with cost-effective options.