Latest
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Technology
Crypto firm Consensys sues US SEC over Ethereum regulation
(Reuters) -Consensys has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) tied to the regulation of the Ethereum blockchain, the crypto firm said on Thursday.
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Technology
Warner Bros Discovery to launch data platform for better ad-targeting
(Reuters) - Warner Bros Discovery is launching a data platform that would help advertisers better reach their target audience across both cable and digital channels, it said on Thursday.
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Technology
Reddit back up after brief outage affected thousands globally
(Reuters) -Reddit said on Thursday it has fixed an issue that had left tens of thousands of users across the globe without access to the social media platform for more than half an hour.
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Technology
Microsoft-backed Rubrik's stock jumps 21% in NYSE debut
(Reuters) -Rubrik's shares climbed nearly 21% in their debut on the New York Stock Exchange on Thursday, giving the Microsoft-backed cybersecurity firm a valuation of $6.77 billion.
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Technology
Amazon Prime Video to exclusively stream two NHL seasons in Canada
(Reuters) - National Hockey League (NHL) and its digital broadcast rights owner Rogers Communications on Thursday signed a deal to stream the hockey tournament's next two seasons exclusively on Amazon.com's Prime Video for Canadian audiences.
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Technology
T-Mobile to invest $950 million in venture with EQT to buy fiber optic network provider Lumos
(Reuters) - Wireless carrier T-Mobile US expects to invest about $950 million for a 50% stake in a joint venture with Swedish investment firm EQT's fund that will buy fiber optic network provider Lumos, the companies said on Thursday. Washington-based T-Mobile will invest another $500 million between 2027 to 2028 to help Lumos reach 3.5 million homes by the end of the period. T-Mobile will acquire all existing fiber customers of Lumos as part of the deal with EQT's Infrastructure VI fund, which is expected to close in late 2024 or early 2025.
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Technology
Hertz Global eyes worst day on record as EV rental business falters
(Reuters) - Shares of Hertz Global slumped 24% and were on track for their sharpest one-day percentage fall on record on Thursday after the company reported a wider-than-expected quarterly loss, highlighting its struggles with the EV rental business.
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Technology
EU court adviser backs data privacy activist Schrems in Meta fight
BRUSSELS (Reuters) - Austrian privacy activist Max Schrems on Thursday received backing from an adviser to Europe's top court in his fight against Meta Platforms over personalised advertising based on processing of personal data.
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Technology
Spotify says Apple has rejected its app update with price information for EU users
(Reuters) - Apple has rejected Spotify's new version of its iOS app with in-app pricing information for users in the European Union, the audio streaming firm said on Thursday.
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Technology
Amazon to invest $11 billion in Indiana to build data centers
(Reuters) - Amazon.com's cloud-computing arm said it would invest $11 billion in Indiana to build data centers, marking the state's largest capital investment, and promising at least 1,000 jobs.
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Technology
IBM falls as enterprise-spending constraints choke consulting demand
(Reuters) - Shares of International Business Machines fell more than 8% in premarket trading on Thursday, as its consulting business faces pressure from enterprises tightening their budgets to cope with an uncertain economy and high interest rates.
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Technology
Net neutrality rules to be restored in US agency vote
WASHINGTON (Reuters) -The U.S. Federal Communications Commission will vote Thursday to reinstate landmark net neutrality rules and assume new regulatory oversight of broadband internet rescinded under former President Donald Trump.
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Technology
India's Tech Mahindra misses Q4 revenue view on weak communications segment
Bengaluru (Reuters) -Tech Mahindra, India's fifth-largest software company, reported fourth-quarter revenue below analysts' estimates on Thursday due to weakness in its communications and media segment as macro headwinds weighed on overall demand.
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Technology
Explainer-Where are Wall Street's analyst notes on Trump's Truth Social?
NEW YORK (Reuters) - Trump Media & Technology Group is one of the most actively traded U.S. stocks, yet Wall Street's equity analysts are staying clear.
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Technology
AI spending worries cast gloom over Alphabet, Microsoft
(Reuters) - Investors appear to be losing patience with Big Tech's prodigious artificial intelligence investments this week after Meta Platforms signaled deeper spending and a long road to profitability.
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Internet
Electric cars and digital connectivity dominate at Beijing auto show
Global automakers and EV startups unveiled new models and concept cars at China’s largest auto show on April 25, with a focus on the nation’s transformation into a major market and production base for digitally connected, new-energy vehicles.
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AI
Most global tech leaders see their companies unprepared for AI
Artificial intelligence is the top priority among IT leaders worldwide, but businesses are still unready to make use of it, according to a survey of chief information officers by Lenovo Group Ltd.
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Internet
India plans curbs on suspect bank accounts to fight cyber fraud, sources say
India’s central bank plans to soon change guidelines to permit banks to temporarily freeze accounts suspected of being used to commit cyber crimes, as it battles a rising wave of online crime, three sources told Reuters.
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Technology
Tech companies plug into India's smaller cities for talent
MADURAI/BENGALURU (Reuters) - Indian engineer B. Ramachandran now prefers living in the smaller cities than the major tech hubs of Bengaluru and Chennai.
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AI
Tencent pushes wider adoption of AI-powered smart mobility system from a vehicle’s cockpit to the factory floor
Tencent sees its smart mobility solution helping industry partners in vehicle research and development, manufacturing and even customer services. The Chinese tech giant already counts more than 100 carmakers and various automotive industry players as partners.