Amazon’s India, South Asia cloud unit head resigns

By Munsif Vengattil and Aditya Kalra NEW DELHI (Reuters) -The India and South Asia head of Inc’s cloud division, Puneet Chandok, has resigned with effect from August 31, the company said on Friday. Advertisement Chandok had taken the helm of Amazon Web Services in June 2019. Vaishali Kasture, currently head of enterprise for mid-market […]

Boeing ‘standing down’ from debut crewed Starliner flight

WASHINGTON (Reuters) – Boeing Co will “stand down” from preparations for its first crewed Starliner test flight to space, which was planned for July, after the company discovered a flammable tape material and issues with the spacecraft’s parachutes, a Boeing official said on Thursday. (Reporting by Joey Roulette; Editing by Leslie Adler) Advertisement

Foxconn to make iPhones in India’s Karnataka by next April -state govt

BENGALURU (Reuters) – Apple Inc supplier Foxconn will start manufacturing iPhones in the southern state of Karnataka by April 2024, the state government said on Thursday. The land for the factory would be handed over to Foxconn by July 1, the government statement said. Advertisement (Reporting by Munsif Vengattil; Writing by Shilpa Jamkhandikar; Editing by […]

Dutch watchdog looking into alleged Tesla data breach

By Riham Alkousaa and Toby Sterling BERLIN/AMSTERDAM (Reuters) – The data protection watchdog for the Netherlands said on Friday it was aware of possible Tesla data protection breaches, but it was too early to say whether it would start an investigation. Advertisement Germany’s Handelsblatt reported on Thursday that Elon Musk’s Tesla had allegedly failed to […]

Factbox-The Chinese groups accused of hacking Microsoft, the U.S. and others

SINGAPORE (Reuters) – Chinese hacking teams have been blamed by Western intelligence agencies and cybersecurity groups for digital intrusion campaigns across the world, targeting everything from government and military organisations to corporations and media groups Cybersecurity firms believe many of those groups are backed by China’s government. U.S.-based Mandiant has said some Chinese hacking groups […]

G7 calls for developing global technical standards for AI

By Kantaro Komiya and Supantha Mukherjee TOKYO (Reuters) – Leaders of the Group of Seven (G7) nations on Saturday called for the development and adoption of technical standards to keep artificial intelligence (AI) “trustworthy”, saying governance of the technology has not kept pace with its growth. Advertisement While the G7 leaders, meeting in Hiroshima, Japan, […]

Artificial intelligence gives real boost to U.S. stock market

By Lewis Krauskopf NEW YORK (Reuters) – Recent advances in artificial intelligence are fueling optimism over how businesses can operate more productively in the years ahead. They are also providing a big boost to the stock market. Advertisement The S&P 500’s 9% rally this year has been driven by a handful of the index’s biggest […]

BT to cut up to 55,000 jobs by 2030 as fibre and AI arrive

By Paul Sandle LONDON (Reuters) -BT Group, Britain’s biggest broadband and mobile provider, will cut up to 55,000 jobs including contractors by 2030 – potentially over 40% of its workforce – as it completes its fibre roll-out and adapts to new technologies such as AI. Advertisement The company has been working through a transformation plan […]

Northvolt to build multi-billion euro battery plant in Germany

By Supantha Mukherjee and Victoria Waldersee STOCKHOLM/BERLIN (Reuters) – Sweden’s Northvolt said on Friday it will invest several billion euros to build an electric vehicle battery plant in Germany, in a win for Europe after speculation that the company could divert planned investment to the United States. Advertisement Northvolt could invest around 3-5 billion euros […]

Microsoft to defend Activision deal in gamers’ lawsuit in US court

By Mike Scarcella (Reuters) – Microsoft Corp on Friday will defend its $69 billion planned acquisition of “Call of Duty” maker Activision Blizzard Inc, in a private antitrust lawsuit in San Francisco federal court brought by video gamers who claim the deal will harm industry competition and should be stopped. Advertisement At the hearing, U.S. […]