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Tech
SpaceX IPO haul rises to $85.7 billion after underwriters exercise greenshoe
June 15 (Reuters) - SpaceX said on Monday that its underwriters had exercised the "greenshoe" option to purchase additional shares, increasing the total proceeds from its initial public offering to $85.7 billion from $75 billion that it raised last week.
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Tech
Chinese-linked hackers targeted U.S.,Canadian research facilities for a year, Google says
June 15 (Reuters) - A Chinese-linked hacking group spent more than a year secretly stealing data from U.S. and Canadian academic, medical and military research institutions, before being detected, Google said on Monday.
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Tech
India's HCLTech to buy 10.5% stake in Sarvam AI, valuing startup at $1.5 billion
June 15 (Reuters) - India's HCLTech said on Monday it will acquire a 10.5% stake in domestic generative AI startup Sarvam AI for 14.27 billion rupees ($150.7 million) in cash, leading the firm's Series B round as a strategic investor.
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Tech
Apple supplier Jabil, Adani partner to build AI data center infra platform in India
June 15 (Reuters) - Electronics manufacturer Jabil and India's Adani Enterprises on Monday announced a partnership to build an integrated AI and data center infrastructure manufacturing platform in the country.
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Tech
US Supreme Court rejects Tata challenge to $168 million award in trade secrets case
WASHINGTON, June 15 (Reuters) - The U.S. Supreme Court turned away on Monday a bid by India-based Tata Consultancy Services to overturn a $168 million award won against it by DXC Technology for allegedly stealing trade secrets related to life-insurance software.
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Tech
Salesforce deepens AI automation push with $3.6 billion Fin buyout
June 15 (Reuters) - Salesforce on Monday said it will buy autonomous AI agent platform Fin for about $3.6 billion, bolstering its Agentforce offering as the business software provider deepens its focus on automation.
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Tech
ASX admits to misleading on CHESS software upgrade, agrees to $14.5 million penalty
June 15 (Reuters) - Australia's ASX admitted to making misleading statements regarding the progress of a troubled software upgrade on Monday, while agreeing to pay a penalty of A$20.5 million ($14.50 million), subject to the Federal Court's approval.
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Tech
Fox strikes $22 billion deal for Roku to fuel streaming push
June 15 (Reuters) - Fox Corp is buying Roku in a cash-and-stock deal valued at about $22 billion, marking a significant bet for the broadcaster that the streaming platform will strengthen its advertising business and expand online reach for its sports and news content.
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Tech
What's next for SpaceX stock after IPO blastoff
NEW YORK, June 15 (Reuters) - The SpaceX IPO went off with a bang. Now investors turn their attention to a jam-packed calendar ahead for Elon Musk's rocket, internet and AI firm that may bring volatility.
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Tech
Factbox-How will the UK ban on social media for under 16s work?
LONDON, June 15 (Reuters) - British Prime Minister Keir Starmer said he would impose a ban on social media sites for children under 16 and restrictions on gaming and livestreaming platforms to "give kids their childhood back".
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AI
Courts cracking down on error-strewn AI-assisted legal briefs
When a US judge found fabricated quotes in a lawyer's brief earlier this year, the attorney admitted he had used Claude, an artificial intelligence chatbot, to write the document.
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Tech
Exclusive-Tesla presented misleading ‘Full Self-Driving’ safety data to European regulators
June 15 (Reuters) - In its efforts to secure European approval of its "Full Self-Driving" (FSD) system, Tesla has presented self-published safety statistics to regulators in Sweden and the Netherlands that independent traffic-safety researchers have said amount to misleading marketing.
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Internet
New study: Online friends you’ve never met may actually be making you lonelier
Do these online-only connections count? The short answer, apparently, is no.
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Tech
Britain to ban social media for under-16s
LONDON, June 15 (Reuters) - British Prime Minister Keir Starmer said on Monday he would ban social media sites for all under-16s, saying it was needed to protect the wellbeing of children.
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Gadgets
With iPhones and faxes, David Hockney embraced tech
Polaroids and photocopiers also gave the artist possibilities for creating in forms vastly different from his paintings.
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AI
Forget coders. The real AI threat is in the back office.
As artificial intelligence spreads, millions of middle-class jobs in human resources, billing and payroll could be at risk. Most are held by women.
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Internet
Some anglers praise forward-facing sonar, others say high-tech fishing ruins a day at the lake
It's called forward-facing sonar, and the hot-selling products are not only helping anglers increase their catch, they are raising questions about why people go fishing in the first place and whether fish populations can survive the new technology.
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Tech
Musk says SpaceX could bring $1 trillion in revenue by 2030
June 15 (Reuters) - Elon Musk said on Sunday that his rocket company, SpaceX, could bring in $1 trillion in revenue by 2030, making the statement two days after the company went public, valuing it at over $2 trillion.
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AI
Canadian Prime Minister Mark Carney says US AI restrictions underscore risks of dependence
Canadian Prime Minister Mark Carney said Sunday US restrictions on Anthropic's newest AI models show the dangers of overreliance on a limited number of American providers.
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Tech
Schneider Electric, Foxconn partner on AI data center infrastructure
June 15 (Reuters) - Schneider Electric said on Monday it had entered a strategic collaboration with Taiwan's Hon Hai Technology Group, known internationally as Foxconn, to develop and scale infrastructure for next-generation artificial intelligence data centres.
