Latest
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AI
Apple CEO says AI boom makes price increases 'unavoidable'
Outgoing Apple CEO Tim Cook warned that demand for memory chips from the artificial intelligence boom will force the tech giant to increase the prices of its products, according to an interview with the Wall Street Journal published on June 17.
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Driverless vehicle
After Zagreb and Madrid, Zurich latest European city to get robotaxis
Zurich is set to become the latest European city with a commercial robotaxi service, US ride-hailing platform Uber and Chinese technology company WeRide have announced.
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Tech
Hyundai to buy SoftBank's remaining stake in Boston Dynamics for $325 million, newspaper says
SEOUL, June 19 (Reuters) - Hyundai Motor Group plans to buy SoftBank Group's remaining 9.65% stake in Boston Dynamics for $325 million to make the U.S. robotics firm a wholly owned subsidiary, South Korea's Maeil Business Newspaper reported on Friday.
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Tech
Meta signs new AI computing deals with data center firm Crusoe, Bloomberg News reports
June 18 (Reuters) - Meta Platforms has secured new agreements to get AI computing power from data center developer Crusoe, Bloomberg News reported on Thursday, as it strengthens infrastructure required to support its AI expansion.
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Tech
OpenAI introduces enhanced usage analytics, AI spending controls for ChatGPT Enterprise
June 18 (Reuters) - OpenAI on Thursday launched new usage analytics and updated spend controls for its ChatGPT Enterprise platform, designed to provide clients with greater visibility and management over their AI deployments.
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Tech
US court rules Ohio can restrict children's use of social media
June 18 (Reuters) - Ohio can implement a law requiring social media companies, including Meta Platforms' Instagram, to obtain parental consent before allowing children under 16 to use their platforms, a U.S. appeals court ruled on Thursday.
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Tech
Intel taps industry veteran Seok-Hee Lee to lead foundry packaging push
June 18 (Reuters) - Intel on Thursday named Seok-Hee Lee executive vice president of its contract chip-manufacturing division as it sharpens focus on its advanced packaging business.
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Tech
SpaceX shares fall as post-IPO frenzy loses steam
June 18 (Reuters) - Shares of SpaceX dropped more than 6% on Thursday, as the post-IPO frenzy that briefly placed Elon Musk's rockets-to-AI firm among the world's top five most valuable companies appeared to fizzle out.
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Tech
Exclusive-Meta lobbies Congress for protection from child-harm lawsuits
June 18 (Reuters) - Meta Platforms has lobbied the U.S. Congress for legal immunity from child-harm claims tied to social media products such as Instagram, as it faces thousands of lawsuits from young users and their families, according to a source familiar with the matter and proposed legislative language reviewed by Reuters.
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Robotics
Robots pour cocktails and run marathons, but still can't multitask
They can mix cocktails, run marathons and fold laundry. But humanoid robots are still a long way from doing lots of different jobs on command, whatever the marketing says.
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Tech
Apple allows alternative app stores, payments in Brazil after deal with regulator
SAO PAULO, June 18 (Reuters) - Apple said on Thursday it will allow developers in Brazil to distribute iOS apps through alternative marketplaces and process payments outside its system, following an agreement with the country's antitrust watchdog CADE.
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Tech
AI cuts tech project times from years to months, says Deutsche Bank exec
BENGALURU, June 18 (Reuters) - Artificial intelligence is accelerating productivity at Deutsche Bank, enabling tasks that once took years to be completed within months, a senior executive said on Thursday.
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Tech
Manus original investors plan to buy back AI firm from Meta for $2 billion, The Information reports
June 18 (Reuters) - The early Chinese backers of AI startup Manus are planning to buy the company back from Meta at the $2 billion price that the Facebook parent paid, The Information reported on Thursday, citing two people with direct knowledge of the matter.
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Tech
Architect Labs raises $24 million to take on Broadcom, Marvell custom chip business
SAN FRANCISCO, June 18 (Reuters) - Architect Labs said on Thursday it had raised $24 million in seed funding to build a company that will use artificial intelligence to speed and ease the design of custom chips.
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Tech
Accenture forecast takes hit from Iran war, shares tumble over 17%
June 18 (Reuters) - Accenture forecast quarterly sales below Wall Street estimates on Thursday as the Iran war hampers its consulting business in the Middle East and beyond, sending its shares down more than 17% and sparking an industry selloff.
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Tech
UAE sets minimum social media age at 15, mandates age checks
DUBAI, June 18 (Reuters) - The United Arab Emirates has set a minimum age of 15 for social media use, becoming the first Arab country to introduce such a restriction as governments worldwide seek to address growing concerns over the impact of online platforms on children.
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AI
Estonia to grant AI bots legal rights with personal ID numbers
Estonia plans to assign personal identification numbers to AI assistants that would give the bots legal rights and hold them accountable for actions taken on behalf of businesses, institutions and individuals, the prime minister said.
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AI
OpenAI chief tells G7 to 'not cede responsibilities' to AI giants
OpenAI chief executive Sam Altman urged world leaders at the G7 summit on Wednesday not to surrender control over artificial intelligence to the companies building it, calling on governments to set global standards for deploying the rapidly advancing technology.
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Tech
How India sparred with Telegram days ahead of blocking the app
NEW DELHI, June 18 (Reuters) - India privately rebuked Telegram for not proactively removing accounts offering purported leaked exam papers while the company accused New Delhi of misrepresenting meeting records, an impasse that led to an unprecedented ban of the app, documents show.
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Tech
Japan bank lobby warns of potential service disruptions due to AI-enabled cyberattacks
TOKYO, June 18 (Reuters) - Japanese lenders may be forced to suspend services such as ATMs and online banking if sophisticated AI models end up posing a serious threat to the banking system, said the chair of the country's banking lobby.
