Latest
-
Technology
Meta shares sink on higher AI spending, light revenue forecast
(Reuters) -Meta Platforms disappointed investors on Wednesday with forecasts of higher expenses and lighter-than-expected revenue, knocking nearly $200 billion off its stock market value and raising fears the surging cost of AI is outpacing its benefits.
-
Technology
TSMC says 'A16' chipmaking tech to arrive in 2026, setting up showdown with Intel
SANTA CLARA, California (Reuters) -Taiwan Semiconductor Manufacturing Co said on Wednesday that a new chip manufacturing technology called "A16" will enter production in the second half of 2026, setting up a showdown with longtime rival Intel over who can make the world's fastest chips.
-
Technology
TikTok artists and advertisers to stay with app until 'door slams shut'
(Reuters) - Ban or no ban, TikTok's partners in the music and advertising world plan to stick with the massively popular short-form video platform until the bitter end, seven industry leaders told Reuters.
-
Technology
TikTok to suspend TikTok Lite's reward programme amid EU concerns
BRUSSELS (Reuters) - TikTok will voluntarily suspend its new app TikTok Lite's reward programme while it works to address EU concerns, the company said on X social media platform on Wednesday.
-
Technology
ASML approves Christophe Fouquet as CEO at annual meeting
AMSTERDAM (Reuters) -ASML has approved the appointment of Christophe Fouquet as the company's new CEO.
-
Technology
AT&T beats estimates for subscriber additions, free cash flow
(Reuters) -AT&T surpassed Wall Street expectations for first-quarter wireless subscriber additions and free cash flow on Wednesday as more people purchased its higher-tier unlimited plans.
-
Technology
Exclusive-Google rival Tuta complains to EU tech regulators about de-ranking
BRUSSELS (Reuters) - German email service Tuta Mail has complained to European Union tech regulators about what it described as a sudden drop in Google search results on the day the bloc's new tech rules kicked in.
-
Technology
Microsoft's AI lead puts Amazon cloud dominance on watch
(Reuters) - Upcoming quarterly reports from U.S. tech giants may show Microsoft is closing the gap on cloud-computing market leader Amazon.com as more businesses switch to its services, attracted by a clutch of generative AI features that are powered by OpenAI's technology.
-
Technology
TE Connectivity beats quarterly profit estimates on sensor demand
(Reuters) - TE Connectivity beat Wall Street estimates for second-quarter profit on Wednesday, helped by strong demand for its sensor technology from electric vehicle (EV) makers across the globe.
-
Technology
UK watchdog seeks views on Microsoft's and Amazon's AI partnerships
(Reuters) -Britain's competition watchdog said on Wednesday it was seeking comments on the AI partnerships between Microsoft and Mistral AI, as well as between Amazon and Anthropic.
-
Technology
Texas Instruments' upbeat Q2 forecast pushes chip stocks higher
(Reuters) -Texas Instruments jumped around 6.5% on Wednesday, sparking a rally in chip stocks as its strong second-quarter revenue forecast fanned optimism that chip demand was picking up after a years-long slump.
-
Internet
Italy fines Amazon over ‘recurring’ purchase option
Italy’s competition authority said April 24 it had fined two Amazon companies €10mil (RM51.04mil) for unfair commercial practices, for pushing customers into agreeing to “recurring” rather than “one-time” purchases online.
-
Technology
Taiwan chipmaker UMC warns of muted auto, industrial demand
TAIPEI (Reuters) - Taiwanese chipmaker UMC said on Wednesday it expected a rise in wafer shipments in the second quarter as inventory levels for computing, consumer and communications segments improved, but warned of muted auto and industrial demand.
-
Technology
Tesla jumps as Musk's promise of 'more affordable' cars eases growth fears
(Reuters) - Tesla shares surged 10% on Wednesday after the electric-car maker eased some worries about growth with a prediction that sales would rise this year and said it would roll out more affordable models in early 2025.
-
Social media
TikTok ban looms with Biden poised to start 270-day countdown
For TikTok, the clock has started running in its existential fight to avoid a US ban.
-
Internet
Computer-generated fake nudes discovered by victims on the Internet, Florida cops say
A rapidly spreading form of sexual exploitation hit home for three people in Florida, when they discovered surreal nude photos of themselves posted on the Internet, according to investigators.
-
Technology
SK Hynix to invest $3.86 billion in DRAM chip production base in South Korea
SEOUL (Reuters) - South Korean memory chipmaker SK Hynix said on Wednesday it plans to invest 5.3 trillion won ($3.86 billion) to build a chip factory for a new dynamic random access memory (DRAM) chip production base in South Korea.
-
TECH
Trend Micro: Malaysia records 69% decline in ransomware detections in 2023
The Calibrating Expansion: Annual Cybersecurity Threat Report also showed a year-over-year reduction in a number of other threats in Malaysia, with a 52% decline in malicious hosted URL threats being the most notable.
-
Social media
Australia’s top spy urges big tech to unravel encrypted chats
Australia’s top spy on April 24 urged greater cooperation from the big tech companies, asking them to break a long-held industry taboo by providing access to encrypted messages.
-
Internet
74-year-old accused of robbing bank at gunpoint may have been victim of scam, US cops say
A 74-year-old woman was arrested after police say she robbed a bank in Pennsylvania at gunpoint.