Latest
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Technology
Meta commits extra funding to oversight board until 2028
May 28 (Reuters) - Meta Platforms' Oversight Board said on Thursday the tech giant has committed additional funding to secure the independent watchdog's operations through 2028.
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Technology
Groq targets $650 million fundraise after Nvidia licensing deal, Axios reports
May 28 (Reuters) - Groq is raising up to $650 million from existing investors, Axios reported on Thursday, after the AI chip startup signed a $17 billion licensing deal with Nvidia in December.
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Technology
Fed's Musalem says it's risky to bet that AI will ease inflation
May 28 (Reuters) - St. Louis Federal Reserve President Alberto Musalem on Thursday offered a skeptical view of the expectation that artificial intelligence will reduce inflation by fueling a surge in productivity, arguing it would be a mistake for the U.S. central bank to count on that possibility by easing monetary policy.
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Technology
Anthropic to boost hiring in Europe after opening Milan office
MILAN, May 28 (Reuters) - Anthropic will continue expanding in Europe after opening its sixth office on the continent in Milan on Thursday, Chris Ciauri, managing director for international at the U.S. AI startup, said.
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Technology
Crypto companies without EU licences face prosecution, French regulator warns
PARIS, May 28 (Reuters) - France's top markets regulator warned crypto companies they could be blacklisted and sued if they do not get an EU licence to operate by end of June, as the bloc fully rolls out tighter regulation of crypto.
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Technology
Nebius shares hit two-week high as former OpenAI employee's fund buys stake
May 28 (Reuters) - Nebius Group's shares climbed 9% on Thursday after a fund run by former OpenAI employee Leopold Aschenbrenner disclosed a stake in the AI infrastructure firm.
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Technology
US Treasury rolls out Trump Accounts app nationwide
May 28 (Reuters) - The U.S. Department of the Treasury said on Thursday it had launched Trump Accounts on app stores nationwide, advancing a policy initiative that aims to create millions of investment accounts for children.
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Technology
From diapers to drugs: How India's global corporate hubs are putting AI to work
May 28 (Reuters) - Whether they are recruiting the ideal "momfluencer" to sell diapers or trawling through reams of data to fast-track drug launches, global centers of multinational firms in India are increasingly putting AI to work in creative ways.
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Technology
Temu fined $232 million for breaching EU rules on sale of illegal products
BRUSSELS, May 28 (Reuters) - Chinese online retailer Temu has been fined €200 million ($232 million) for not doing enough to stop the sale of illegal products, European Union tech regulators said on Thursday, following the first part of a wide investigation.
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Technology
Mistral defends military AI, expands data centres
PARIS, May 28 (Reuters) - Mistral, widely seen as Europe's leading AI company and its best hope of challenging top U.S. peers, on Thursday defended military uses of the technology as it unveiled a new French data centre.
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Internet
'From worse to bad': Iranians lukewarm over Internet blackout end
Iran's move to reconnect the country to the global Internet after an almost three-month blackout has left many Iranians unimpressed, with full connectivity far from restored and access seen as a right that shouldn't have been taken away in the first place.
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Technology
Musk says SpaceX agreed only six-month Colossus AI lease to Anthropic
May 28 (Reuters) - SpaceX CEO Elon Musk said on Thursday the IPO-bound company had only agreed to lease its Colossus AI training data center clusters to Anthropic for six months, though he added it was "possible" the arrangement could extend for multiple years.
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AI
Meta to sell AI chatbot subscriptions to offset spending
Meta Platforms Inc is selling consumer subscriptions to its Meta AI chatbot for the first time, a key step toward building a business that would help offset hundreds of billions of dollars in artificial intelligence investments by the company.
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AI
AI chiefs walk back job apocalypse warnings
The most prominent figures in artificial intelligence are stepping back from dire predictions about mass unemployment, as the industry faces growing public hostility over AI's promised transformation of the workplace.
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Technology
Exclusive-ByteDance developing custom CPU chips to support AI rollout, sources say
BEIJING/PARIS, May 28 (Reuters) - Chinese technology giant ByteDance is developing its own central processing units (CPUs) to support its growing AI infrastructure needs, three people familiar with the matter said, as surging chip prices and prolonged supply shortages constrain its expansion plans.
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Gadgets
Valve raises Steam Deck pricing by up to US$300 amid chip shortage
Valve Corp increased the prices of its Steam Deck handheld gaming devices more than 40%, the latest example of an industrywide memory and storage chip crunch that has driven up prices of many consumer gadgets.
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AI
Immigration Department: AI-generated or edited passport photos prohibited
The Immigration Department of Malaysia has reminded the public not to use artificial intelligence (AI) tools to generate or edit passport photos.
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Robotics
Introducing Argus, a robot with 20 legs and eyes built to move and see in any direction instantly
A robot being developed at Duke University is almost ready to face the world, in any direction.
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Technology
Exclusive-Japan state-backed fund considering sale of chipmaking materials maker JSR, sources say
TOKYO, May 28 (Reuters) - Japan Investment Corp (JIC), a state-backed fund, is considering selling JSR, two people familiar with the matter said, two years after it took the maker of chipmaking materials private in a $6 billion deal.
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Internet
YouTube says will flag AI-generated content
YouTube will in future automatically detect AI-generated content and flag the information to viewers on its platform, the Google-owned company said Wednesday.
