Latest
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Tech
AI in Hungary could unlock productivity gains of €15 billion, McKinsey says
BUDAPEST, June 16 (Reuters) - Increased deployment of AI could unlock €15 billion ($17.42 billion) in productivity gains in Hungary by 2030, McKinsey said on Tuesday.
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Internet
Study warns that consumers are at risk when using piracy services
A study from the Coalition Against Piracy (CAP) has found that consumers engaging in the use of pirate streaming services are exposing themselves to various elements of cybercrime, including areas such as cybersecurity, privacy, and financial risks.
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Tech
SpaceX locks in $60 billion Cursor deal to close gap with rivals in AI coding race
June 16 (Reuters) - Elon Musk's SpaceX is buying the startup behind the popular AI coding agent Cursor, Anysphere, for $60 billion in an all-stock deal to boost its presence in the lucrative enterprise AI tools market.
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Tech
Stablecoins gain in Nigeria for cross-border transfers, IMF says
LAGOS, June 16 (Reuters) - Nigerians are increasingly turning to U.S. dollar-pegged digital tokens, or stablecoins, to move money across borders, as households and small businesses seek cheaper and faster alternatives to traditional channels, the IMF said on Tuesday.
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Tech
Vodafone CEO says Europe's digital infrastructure needs scale to drive investment
LONDON, June 16 (Reuters) - The chief executive of Vodafone urged European governments to speed up regulatory changes that will enable mobile phone groups to consolidate their market positions and drive the investment needed to keep up with the United States and Asia.
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Tech
SpaceX vaults past Amazon's market value as options listing fuels surge
June 16 (Reuters) - SpaceX roared past Amazon's market valuation on Tuesday and briefly topped that of Microsoft, rapidly scaling the list of the world's most valuable companies on a topsy-turvy trading day fueled by frenzied action in the firm's newly listed option contracts.
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Gadgets
Bomba: RM14.2mil lost in home fires linked to unsafe device charging in 59 cases from 2023 to 2025
Members of the public are reminded to take safety precautions when charging their devices. Some good habits include to avoid leaving devices charging on soft surfaces and replace damaged sockets, cables or adaptors.
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Internet
Canada moves to restrict use of personal data for custom prices
The Canadian government is proposing stricter privacy rules that would limit businesses from using personal data to charge consumers higher prices, while giving individuals more power over how their information is used.
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Video games
Studios in Microsoft’s Xbox division brace for closures
Several studios in Microsoft Corp's Xbox gaming division, including Montreal-based Compulsion Games and San Francisco-based Double Fine, are in active negotiations to spin off as they try to thwart closure, according to people familiar with the company's plans.
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Tech
France to invest €655 million in AI, set up common chatbot for all state services
PARIS, June 16 (Reuters) - French Prime Minister Sebastien Lecornu said on Tuesday the government will invest €655 million ($758.29 million) in artificial intelligence and will set up a common chatbot for all the state services.
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Cybersecurity
EU tech chief says Europe 'not a security risk' after US AI order
Europe does not pose a "security risk" to the United States, EU tech chief Henna Virkkunen said Monday after Anthropic cut access to two powerful AI models to comply with a US national security order.
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Tech
Italy's antitrust regulator probes Apple over cloud services under Digital Market rules
MILAN, June 16 (Reuters) - Italy's competition regulator said on Tuesday it had opened an investigation into Apple over possible non-compliance with interoperability obligations, under the European Digital Markets Act.
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Facial Recognition
US Secret Service testing face-scanning app to probe, stop threats
The US Secret Service has begun using a face-scanning mobile phone application similar to a tool that federal immigration agents have for months wielded to identify people as part of a mass deportation effort.
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Video games
Pokémon to kick off regional 30th anniversary celebrations in Kuala Lumpur on Sept 12
The Pokémon Company announced today (June 16) that regional celebrations for the series' 30th anniversary will start in Kuala Lumpur on Sept 12 and 13, marking the first stop of the PokéXciting campaign in the region.
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Tech
India temporarily blocks Telegram app over medical exam fraud
NEW DELHI, June 16 (Reuters) - India has temporarily blocked the Telegram messaging app, saying it was used to try to defraud candidates for a national medical entrance test, which was also hit last month by allegations of leaked papers that led millions of results to be cancelled.
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AI
Have a thorny medical question? Your doctor may be using AI for that
OpenEvidence, a fast-growing startup, is using artificial intelligence to help doctors find answers to clinical questions for diagnosis and treatment.
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Internet
Beware of fraudulent SMS on KitaSelangor voucher, warns state govt
The Selangor state government has reminded the public to remain vigilant against any short message service (SMS) or messages related to the KitaSelangor Voucher incentive and to refrain from clicking on suspicious links received from unauthorised sources.
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Tech
India's TCS to take $70 million hit after US Supreme Court rejects appeal
June 16 (Reuters) - Tata Consultancy Services will book a one-time exceptional charge of $70 million after the U.S. Supreme Court rejected its appeal in a trade secrets case, bringing its total exposure in the matter to $220 million, the firm said on Monday.
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Social media
The UK is banning children's social media use. Here's what other countries are doing
Britain says it will ban people under 16 from using a range of social media apps, including Snapchat, TikTok and YouTube, a decision intended to protect young people from harmful content and excessive screen time.
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Tech
OpenAI spending hit $34 billion last year ahead of planned IPO, FT reports
June 15 (Reuters) - OpenAI spent $34 billion last year to dominate the booming AI market ahead of its planned IPO, the Financial Times reported on Monday.
