Latest
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AI
AI helps avalanche predictions in the Swiss Alps, study finds
The risk of avalanches can be predicted by artificial intelligence (AI) just as well as by humans, according to the findings of a three-year research project in Switzerland.
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Mobile apps
Google stopped more than two million malicious apps getting into the Play Store in 2023
In 2023, Google prevented 2.28 million applications violating its security rules from getting into the Play Store. In addition, almost 200,000 app submissions were rejected or amended to ensure the correct use of sensitive permissions such as access to background location data or SMS messages.
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Technology
Chipmaker Wolfspeed forecasts quarterly revenue below estimates as EV sales growth slows
(Reuters) - Chipmaker Wolfspeed forecast current-quarter revenue below estimates on Wednesday as automakers grapple with high inventory levels due to slower-than-expected EV sales growth.
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Technology
Cognizant first-quarter revenue beats estimates on steady spending by clients
(Reuters) - Cognizant Technology Solutions beat Wall Street estimates for first-quarter revenue on Wednesday, helped by steady spending by clients, sending its shares up more than 4% in aftermarket trading.
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Technology
Etsy misses first-quarter sales, profit estimates on lower discretionary demand
(Reuters) - Etsy missed Wall Street expectations for first-quarter gross merchandise sales (GMS) and profit on Wednesday, hurt by lower demand for its handcrafted goods and personalized gifts at its online marketplace.
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Technology
EBay forecasts Q2 revenue below estimates as consumer spending remains strained
(Reuters) - Ecommerce firm eBay forecast second-quarter revenue below Wall Street estimates on Wednesday, as demand cools for its key product categories like collector's items and auto parts, sending shares down 5% in extended trading.
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Technology
Analysis-Tesla's restructuring hits executive bench hailed by Elon Musk
(Reuters) - Just over a year ago, Elon Musk shared the stage at Tesla's investor day in Texas with 16 executives who gave detailed presentations on the company's technology and growth plans, then lined up behind their boss in a show of solidarity.
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Technology
Abu Dhabi AI company Presight takes majority stake in tech venture AIQ
DUBAI (Reuters) - Artificial intelligence company Presight AI Holding has acquired a majority stake in AIQ, a technology joint venture between Abu Dhabi National Oil Company (ADNOC) and G42, under a new ownership structure announced by the companies on Wednesday.
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Technology
Anthropic releases business chatbot in hunt for corporate dollars
(Reuters) - Artificial intelligence startup Anthropic launched a version of its latest chatbot technology aimed at businesses on Wednesday, jumping into the race to capture corporate dollars.
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Technology
US prosecutors examining financial transactions at Block, NBC News reports
(Reuters) -U.S. prosecutors are examining financial transactions at Block, NBC News reported on Wednesday, citing two people with direct knowledge of the matter.
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Technology
Roblox players to start seeing video ads in its virtual realms
(Reuters) - Roblox is rolling out virtual billboards with video advertisements, the gaming platform said on Wednesday, in its latest move to draw revenue from its games that are mostly free to play.
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Technology
Garmin's Q1 results beat on strong demand for fitness, auto products
(Reuters) - Swiss navigation device maker Garmin topped Wall Street expectations for first-quarter results on Wednesday, benefiting from new launches and strong demand for its products in fitness and auto segments.
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Technology
AMD, Super Micro spark chip selloff as earnings miss lofty AI expectations
(Reuters) -Advanced Micro Devices and Super Micro Computer led a selloff in chip stocks on Wednesday after their earnings disappointed investors who had piled into the sector on optimism about AI.
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Technology
OnlyFans faces UK investigation into age-verification measures
(Reuters) -Britain's media regulator Ofcom has opened an investigation into whether adults-only website OnlyFans is doing enough to prevent children accessing pornography on its platform, Ofcom said on Wednesday.
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Internet
Amazon’s Twitch starts rival to TikTok in short-form video
Amazon.com Inc’s livestreaming site Twitch launched its own short-form video platform, a week after passage of a law that threatens the future of the social-media service TikTok in the US.
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Internet
Google and Apple now threatened by the US antitrust laws that helped build their technology empires
The US Justice Department's double-barreled antitrust attack on Google's dominant search and Apple's trendsetting iPhone is reviving memories of the epic battle that hobbled Microsoft before it roared back to yet again become the world's most valuable company.
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Technology
Crypto washout sends bitcoin below $58,000 ahead of Fed decision
LONDON (Reuters) - Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later.
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Mobile apps
Qantas says tech upgrade caused loyalty app to malfunction
Qantas Airways Ltd said a technology upgrade caused the airline’s frequent flyer app to malfunction on Wednesday, allowing some members to access the travel details, personal data and boarding passes of complete strangers.
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AI
Microsoft’s Satya Nadella adds AI for Thailand on South-East Asia tour
Microsoft Corp will invest in artificial intelligence infrastructure and set up its first Azure data centre in Thailand, part of a push to expand its footprint in fast-growing South-East Asia.
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Cybersecurity
Finnish hacker imprisoned for accessing thousands of psychotherapy records and demanding ransoms
A Finnish court on April 30 sentenced a 26-year-old man to six years and three months in prison for hacking tens of thousands of patient records at a private psychotherapy center and seeking ransom from some patients over the sensitive data.