Blog & News List
Crypto manager Grayscale appoints Goldman exec Peter Mintzberg as new CEO
(Reuters) - Grayscale Investments on Monday said it has appointed Goldman Sachs executive Peter Mintzberg as its Chief Executive Officer, effective mid-August, weeks after the digital asset manager withdrew its application for Ethereum futures ETF....
May 20, 2024
Ukraine's Kyivstar allocated $90 million to deal with cyberattack aftermath
(Reuters) - Ukraine's leading mobile operator Kyivstar has allocated $90 million to deal with a suspect Russian cyberattack on its services and said it had hit its growth. The hack, described by its CEO as the biggest cyberattack on telecoms infras...
May 20, 2024
Website creator Wix.com Q1 profit tops estimates, raises 2024 outlook
JERUSALEM (Reuters) - Wix.com, which helps small businesses build and operate websites, reported on Monday a higher-than-expected rise in quarterly net profit, boosted by its new artificial intelligence (AI) and Studio products for designing advanc...
May 20, 2024
CyberArk to acquire Venafi in $1.5 billion deal
(Reuters) - Cybersecurity firm CyberArk said on Monday it will acquire Venafi from equity firm Thoma Bravo in a deal valued at around $1.54 billion. (Reporting by Zaheer Kachwala in Bengaluru; Editing by Vijay Kishore)
May 20, 2024
Microsoft to unveil AI devices and features ahead of developer conference
By Max A. Cherney SEATTLE (Reuters) - Microsoft plans to announce several pieces of hardware and software related to consumer devices on Monday at an event at its Redmond, Washington, campus. The Windows maker is expected to reveal a new version of...
May 20, 2024
Google invests 1 billion euros in Finnish data centre to drive AI growth
HELSINKI (Reuters) - Alphabet-owned Google will invest a further 1 billion euros ($1.1 billion) into the expansion of its data centre campus in Finland to drive its artificial intelligence (AI) business growth in Europe, it said in a statement on M...
May 20, 2024
Kirin's electric spoon leaps from Ig Noble infamy to the dinner table
By Tom Bateman TOKYO (Reuters) - Japanese drinks giant Kirin Holdings will start selling an electrified spoon that researchers claim can promote healthier eating by enhancing salty tastes without extra sodium. Monday's product launch marks the firs...
May 20, 2024
Apple slashes iPhone prices in China amid fierce Huawei competition
BEIJING (Reuters) - Apple has launched an aggressive discounting campaign on its official Tmall site in China, offering discounts of up to 2,300 yuan ($318) on select iPhone models. The discounting comes as the U.S. tech giant seeks to defend its p...
May 20, 2024
Paris vies for Europe's AI crown as key conference beckons
By Martin Coulter LONDON (Reuters) - France will this week host tech executives and political figures including former U.S. secretary of state John Kerry, EU industrial chief Thierry Breton and ex-Google boss Eric Schmidt as it looks to assert Pari...
May 20, 2024
Wall Street bets on stellar quarterly results from Nvidia
By Arsheeya Bajwa (Reuters) - Wall Street is betting on a blowout quarterly report from Nvidia on Wednesday, with its stock near record highs as investors look for evidence that the AI chipmaker can maintain its explosive growth and stay ahead of ...
May 20, 2024
French startup Pasqal to deploy first quantum computer in Saudi Arabia
PARIS (Reuters) - Paris-based quantum computer startup company Pasqal announced it had signed a partnership with Saudi Arabia's state oil giant Aramco to install the first quantum computer in the country. Pasqal will install, maintain, and operate ...
May 20, 2024
Britain's AI safety institute to open US office
By Martin Coulter LONDON (Reuters) - Britain's artificial intelligence (AI) safety institute will open an office in the United States, hoping to foster greater international collaboration on the regulation of a fast-moving technology. Government of...
May 20, 2024
Venture capital funding in crypto rises to $2.4 billion, Pitchbook says
By Medha Singh (Reuters) - Crypto startup funding rose for a second straight quarter to hit $2.4 billion in the first three months of 2024, Pitchbook data showed, as expectations of lower interest rates and the debut of the first U.S. bitcoin spot ...
May 20, 2024
South Korea, UK to co-host second global AI summit as boom fans risks
By Joyce Lee SEOUL (Reuters) - South Korea and the United Kingdom will co-host the second global AI summit in Seoul this week, as the breathtaking pace of innovation since the first AI summit in November leaves governments scrambling to keep up wit...
May 20, 2024
Didi co-founder Liu steps down after decade at helm of Chinese ride-hailing company
By Liam Mo and Sarah Wu BEIJING (Reuters) - Didi Global Inc's co-founder Jean Liu has stepped down from her roles as president and board director of China's biggest ride-hailing firm to take on a new role, according to an internal company memo. Did...
May 19, 2024
Musk arrives in Indonesia's Bali for planned Starlink launch
JAKARTA (Reuters) - Tycoon Elon Musk arrived on the Indonesian island of Bali on Sunday ahead of the planned launch of SpaceX's Starlink internet service, which the Indonesian government hopes will boost internet penetration and health services in ...
May 19, 2024
Britain's M&S sorry after website and app hit by 'technical issue'
LONDON (Reuters) - British retailer Marks & Spencer apologised to customers on Saturday after its website and app went offline for several hours due to a "technical issue". Visitors to the group's site were from around lunchtime greeted with the me...
May 18, 2024
US, TikTok seek fast-track schedule, ruling by Dec. 6 on potential ban
WASHINGTON (Reuters) - The U.S. Justice Department and TikTok on Friday asked a U.S. appeals court to set a fast-track schedule to consider the legal challenges to a new law requiring Chinese-based ByteDance to divest TikTok's U.S. assets by Jan. 1...
May 17, 2024
Apple set to release slimmer iPhone in 2025, the Information reports
(Reuters) - Apple is developing a slimmer version of the iPhone that is likely to be launched by 2025, the Information reported on Friday, citing three people with knowledge of the project. The potential thinner version is likely to be priced highe...
May 17, 2024
US arrests two Chinese nationals in $73 million crypto scam
(Reuters) - U.S. authorities charged two Chinese nationals in a cryptocurrency scam that laundered at least $73 million from defrauded victims, the Justice Department said on Friday. U.S. officials arrested Yicheng Zhang in Los Angeles on Thursday,...
May 17, 2024
Canada's Security Intelligence chief warns that China can use TikTok to spy on users, CBC reports
(Reuters) - The head of Canada's Security Intelligence Service warned Canadians against using video app TikTok, saying data gleaned from its users "is available to the government of China," CBC News reported on Friday. "My answer as director of the...
May 17, 2024
DXC Technology tumbles as investors fret over latest restructuring plan
(Reuters) - Shares of DXC Technology slumped 18% on Friday, after the IT services provider unveiled a new revamp and forecast fiscal 2025 revenue and profit below estimates. The latest attempt comes as a sale bid failed last year and exits of top e...
May 17, 2024
US labor board will suspend case against SpaceX pending company's legal challenge
By Daniel Wiessner (Reuters) -The U.S. National Labor Relations Board told a Texas federal judge that it will suspend an administrative case accusing SpaceX of illegally firing engineers critical of CEO Elon Musk while the rocket maker pursues a lawsui...
May 17, 2024
Microsoft plans to release next Call of Duty version on subscription service, WSJ reports
(Reuters) - Microsoft plans to release the coming installment of "Call of Duty" videogame to its subscription service instead of the longtime approach of only selling it à la carte, the Wall Street Journal reported on Friday. The plans are expected...
May 17, 2024
BlackRock CEO sees 'giant issue' for Europe due to AI power needs
ROME (Reuters) - The enormous power supply required by data centres to support artificial intelligence (AI) technologies will create competitive issues among countries and put Europe at a disadvantage, the CEO of BlackRock said on Friday. "It will ...
May 17, 2024