Google faces closing arguments in US market power trial
May 2, 2024 – 3:15 AM PDT WASHINGTON (Reuters) – The U.S. government will layout its antitrust case against Alphabet’s (GOOGL.O) Google in closing arguments on Thursday, wrapping up a trial in which the online search leader is accused of breaking the law to stay on top. Advertisement The U.S. government has hammered away at […]
Apple set for big sales decline as investors await AI in iPhones
May 1, 2024 – 4:25 AM PDT People look at the new iPhone 15 as Apple’s new iPhone 15 officially goes on sale across China, at an Apple store in Shanghai, China September 22, 2023. REUTERS/Aly Song/File Photo (Reuters) – Apple’s (AAPL.O) plan to add generative AI to its iPhones and revive sagging sales in […]
Google to pay up to $6 mln to News Corp for new AI content, The Information reports
April 30, 2024 – 7:55 AM PDT (Reuters) – Alphabet-owned (GOOGL.O) Google has agreed to pay News Corp (NWSA.O), owner of the Wall Street Journal, between $5 million and $6 million annually to develop new AI-related content and products, the Information reported on Tuesday. Advertisement The new arrangement is part of a longstanding partnership between […]
Chipmaker Intel falls as AI competition hurts forecast
April 26, 2024 – 7:31 AM PDT A man walks past the Intel logo at its booth during the first China International Supply Chain Expo (CISCE) in Beijing, China November 28, 2023. REUTERS/Florence Lo/File Photo (Reuters) – Intel shares (INTC.O) slumped more than 12% on Friday after a downbeat forecast signaled that the boom in […]
Net neutrality rules to be restored in US agency vote
April 25, 2024 – 8:04 AM PDT 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will vote Thursday to reinstate landmark net neutrality rules and assume new regulatory oversight of broadband internet rescinded under former President Donald Trump. Advertisement The commission voted 3-2 in October along party lines to advance the proposal to reinstate open […]
Microsoft’s AI lead puts Amazon cloud dominance on watch
April 24, 2024 – 5:03 AM PDT (Reuters) – Upcoming quarterly reports from U.S. tech giants may show Microsoft (MSFT.O) 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. Advertisement The Redmond, Washington-based software giant has […]
China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show
April 23, 2024 – 4:00 AM PDT BEIJING/SINGAPORE (Reuters) – Chinese universities and research institutes recently obtained high-end Nvidia (NVDA.O) artificial intelligence chips through resellers, despite the U.S. widening a ban last year on the sale of such technology to China. Advertisement A Reuters review of hundreds of tender documents shows 10 Chinese entities acquired advanced […]
TikTok says US House bill that could ban app would ‘trample’ free speech
April 22, 2024 – 2:01 AM PDT WASHINGTON (Reuters) – TikTok on Sunday repeated its free-speech concerns about a bill passed by the House of Representatives that would ban the popular social media app in the U.S. if Chinese owner ByteDance did not sell its stake within a year. Advertisement The House passed the legislation on Saturday by a […]
Netflix slides as move to end sharing user count sparks growth worries
April 19, 2024 – 6:40 AM PDT Smartphone with Netflix logo is placed on a keyboard in this illustration taken April 19, 2022. REUTERS/Dado Ruvic/File Photo (Reuters) – Netflix (NFLX.O) shares fell on Friday, as its surprise move to stop sharing subscriber additions and average revenue per member from 2025 sowed doubts in investor minds about growth […]
Google terminates 28 employees for protest of Israeli cloud contract
April 18, 2024 – 6:41 AM PDT (Reuters) – Google said on Thursday it had terminated 28 employees after some staff participated in protests against the company’s cloud contract with the Israeli government. Advertisement The Alphabet (GOOGL.O) unit said a small number of protesting employees entered and disrupted work at a few unspecified office locations. “Physically impeding […]