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AI
AI is splitting the job market in two, PwC study shows
Artificial intelligence is pulling the global labour market in two opposite directions, rewarding companies that use AI to enhance human skills, while leaving those who use it merely to cut costs further behind, a new study suggests.
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Tech
US asset managers file for first ETFs targeting Wall Street's new obsession, AI and the 'MANGOS'
June 16 (Reuters) - Just days after SpaceX wrapped up its record $75 billion initial public stock offering and ignited another burst of enthusiasm among traders for all things AI, two asset managers disclosed plans to launch exchange-traded funds linked to the new AI-stock acronym that is all the buzz on Wall Street.
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Tech
AT&T names Jennifer Biry as CFO from 2027, Desroches to retire
June 16 (Reuters) - Telecom provider AT&T said on Tuesday Pascal Desroches will retire as CFO at the end of 2026 and that Jennifer Biry would succeed him.
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Tech
Intel's new manufacturing tech enters initial production
June 16 (Reuters) - Intel on Tuesday said the new generation of its 18A manufacturing process has entered risk production, as the chipmaker sees strong demand for its central processors.
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Tech
Oracle says details in report of failed Microsoft cloud deal talks 'inaccurate'
June 16 (Reuters) - Oracle said on Tuesday that details in a Business Insider report on the collapse of its discussions with Microsoft over a potential leasing deal were inaccurate.
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Tech
Amazon may face penalties from potential FTC ad suit, Bloomberg News reports
June 16 (Reuters) - Amazon.com may face a U.S. Federal Trade Commission lawsuit that could result in civil penalties, following allegations that the e-commerce giant misled advertisers, Bloomberg News reported on Tuesday.
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Tech
G7 leaders discuss 'trusted partners' access for cutting-edge US AI models, sources say
EVIAN-LES-BAINS, France, June 16 (Reuters) - G7 leaders discussed a potential scheme to grant a limited number of "trusted partners" access to U.S. frontier models developed by AI giants like Anthropic and therefore win an exemption from a current ban on non-U.S. nationals, three diplomatic sources said on Tuesday.
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Tech
Hacking group claims major hack of Novo Nordisk and attempted $25 million extortion
June 16 (Reuters) - A cyber extortion group claimed on Tuesday to have stolen more than a terabyte of data from pharmaceutical giant Novo Nordisk and said it is exploring selling parts of the data after unsuccessfully demanding $25 million from the company.
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Tech
Snap CEO Spiegel defends Specs as long-term bet, pushes back against activist pressure
June 16 (Reuters) - Snap CEO Evan Spiegel told Reuters the company's new Specs augmented-reality glasses are part of its long-term strategy, pushing back on activist investor demands to shut down or spin off the cash-burning unit behind the device.
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Tech
Snap bets on life beyond smartphones with $2,195 Specs augmented-reality glasses
June 16 (Reuters) - Snap on Tuesday launched its first augmented-reality glasses for consumers at a hefty price of $2,195, pitching the device as the future of how people interact with technology in the AI age.
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Tech
EssilorLuxottica, Applied Materials strike deal to develop smart glasses, AR technology
June 16 (Reuters) - EssilorLuxottica, the world's largest eyewear maker, has signed a long-term deal with chipmaking equipment company Applied Materials to develop augmented reality display technology and AI glasses, the companies said on Tuesday.
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Tech
Databricks strikes deal to buy Panther Labs in cybersecurity push
SAN FRANCISCO, June 16 (Reuters) - Databricks on Tuesday said it agreed to buy the startup Panther Labs, as the U.S. data analytics provider pushes deeper into the cybersecurity business.
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Tech
EU rules out mandate to keep video games playable, seeks voluntary code
BRUSSELS, June 16 (Reuters) - The European Commission said on Tuesday it cannot require video games to remain playable after they are withdrawn from sale, but will work with industry and consumer groups on a voluntary code of conduct for managing games' "end of life".
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Tech
Exclusive-Binance set to lose permission to operate in EU, sources say
FRANKFURT, June 16 (Reuters) - Binance, the world's largest crypto exchange, is set to lose permission to serve European Union clients from next month because its licence application is about to be rejected, two people familiar with the matter told Reuters.
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Tech
SpaceX options debut pulls record demand as investors chase rocket stock
NEW YORK, June 16 (Reuters) - Trading in SpaceX options kicked off with record volume and bullish activity dominating on Tuesday, underscoring strong investor demand for a new way to bet on the future of Elon Musk's aerospace company.
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Tech
US senators ask for review of Tesla's 'Full Self-Driving' safety data, citing Reuters report
LOS ANGELES, June 16 (Reuters) - Two U.S. senators are asking the nation's traffic safety regulator to examine Tesla's self-published crash statistics for its "Full Self-Driving" (FSD) driver-assistance system, following a Reuters investigation last month that found the EV maker was exaggerating its safety claims.
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Tech
US supercomputer taps Intel spinout Cornelis Networks for networking chips
SAN FRANCISCO, June 15 (Reuters) - Cornelis, an Intel spinout developing networking technology aimed at data centers, on Tuesday said that its chips are now being used by a U.S. supercomputer used for nuclear weapons work.
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Tech
Verizon targets wireless customers with new simpler plans, drops some fees
WASHINGTON, June 16 (Reuters) - Verizon is aiming to attract customers by offering simpler plans, dropping activation and upgrade fees and unveiling a new loyalty program offering discounts and perks.
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Tech
India's Wipro opens AI center for Anthropic's Claude in Bengaluru
June 16 (Reuters) - India's Wipro said on Tuesday it has set up a Center of Excellence (CoE) for applied AI focused on Anthropic's Claude models at its Bengaluru hub.
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Tech
Meta's Threads reaches 500 million monthly users, rolls out new features
June 16 (Reuters) - Meta Platforms said on Tuesday its Threads app had reached 500 million monthly active users, nearly three years after the social network platform was launched as a competitor to Elon Musk's X.
