Technology

Tesla board recommends record $1 trillion package for Musk

(Reuters) -Tesla's board has proposed an unprecedented $1 trillion compensation plan for CEO Elon Musk, putting the spotlight on Musk's hold on the electric-vehicle maker as it looks to pivot into robotaxis and humanoid robots.

Technology

Qualcomm, BMW launch automated driving system to better compete in growing market

(Reuters) -U.S. chip company Qualcomm and German luxury automaker BMW announced an automated driving system on Friday, which could help attract customers with new features like hands-free driving assistance.

Technology

Tesla offers mammoth $1 trillion pay package to Musk, sets lofty targets

(Reuters) -Tesla's board has proposed a $1 trillion compensation plan for CEO Elon Musk in what would be the largest corporate pay package in history, underscoring the hold Musk has over the carmaker as it attempts to transform into an AI and robotics powerhouse.

Technology

TikTok users top 200 million in Europe, firm says

LONDON (Reuters) -TikTok has more than 200 million monthly users in Europe, or roughly one in three citizens on the continent, the short video app platform said on Friday, the latest sign of its rapid growth among teenagers.

Technology

Broadcom shares rally as $10 billion chip deal shows AI strategy paying off

(Reuters) -Broadcom shares jumped 15% on Friday after the chipmaker unveiled a blockbuster $10 billion AI chip order from a new customer, fueling optimism around its ability to benefit from the generative AI race.

Video games

‘Hollow Knight: Silksong’ tops game charts after seven-year wait

Australian-made video game Hollow Knight: Silksong is captivating users who've waited seven years for a glimpse, shooting to the top of the charts.

AI

China advances in AI agentic tools as Tencent, ByteDance weigh in

Tencent is the latest to join the fray after the Shenzhen-based company open-sourced its new Youtu-Agent agentic framework on Tuesday.

AI

Apple plans AI-powered web search tool for Siri to rival OpenAI, Perplexity

Apple Inc is planning to launch its own artificial intelligence-powered web search tool next year, stepping up competition with OpenAI and Perplexity AI Inc.

Technology

OpenAI to launch its first AI chip in 2026 with Broadcom, FT reports

(Reuters) -OpenAI is set to produce its first artificial intelligence chip next year in partnership with U.S. semiconductor giant Broadcom, the Financial Times reported on Thursday, citing people familiar with the matter.

Technology

Trump to impose tariffs on semiconductor imports from firms not moving production to US

WASHINGTON (Reuters) -President Donald Trump said on Thursday his administration would impose tariffs on semiconductor imports from companies not shifting production to the U.S., speaking ahead of a dinner with major technology company CEOs.

Technology

Cadence Design to buy Hexagon's design and engineering unit for $3.16 billion

(Reuters) -Cadence Design said on Thursday it will buy the design and engineering business of Stockholm-based Hexagon AB for 2.7 billion euros ($3.16 billion), to expand its customer base and scale up its product portfolio.

Technology

Warner Bros Discovery sues AI photo generator Midjourney for stealing Superman, Scooby-Doo

(Reuters) -Warner Bros Discovery sued the AI photo generation company Midjourney on Thursday, saying it brazenly stole the studio's works to generate images of Batman, Superman, Wonder Woman, Bugs Bunny, Scooby-Doo and other copyrighted characters.

Technology

Broadcom sees strong AI growth for fiscal 2026 on new customer addition

(Reuters) -Broadcom expects artificial intelligence revenue growth for fiscal 2026 to "improve significantly", after securing more than $10 billion in AI infrastructure orders from a new customer, CEO Hock Tan said on Thursday.

Technology

Exclusive-Starboard built big stake in BILL Holdings, may run board fight

NEW YORK (Reuters) -Activist investor Starboard Value owns an 8% stake in BILL Holdings and may run a boardroom challenge to push for changes at the financial automation software company that serves small and midsize businesses around the world, two sources familiar with the matter told Reuters.

Technology

Autonomous technology startup Avride to ramp up testing as part of Uber robotaxi rollout

(Reuters) -Avride said on Thursday it is scaling up the testing of its vehicles in Dallas, as the autonomous technology startup prepares to launch robotaxis on Uber.

Technology

FTC prepares to grill AI companies over impact on children, WSJ reports

(Reuters) -The U.S. Federal Trade Commission is preparing to scrutinize the mental health risks of AI chatbots to children and will demand internal documents from major tech firms, including OpenAI, Meta Platforms and Character.AI, the Wall Street Journal reported on Thursday.

Technology

Texas Instruments flags demand slowdown after tariff-driven spike

(Reuters) -U.S. chipmaker Texas Instruments said demand has cooled after a spike in April that was driven by customers rushing to place orders to get ahead of the "Liberation Day" tariff announcement.

Technology

T-Mobile expects $400 million service revenue boost in Q3 from UScellular deal

(Reuters) -T-Mobile said on Thursday it expects to generate about $400 million more in service revenue this quarter as the U.S. wireless carrier integrates customers of the recently acquired regional rival UScellular.

Technology

AI not affecting job market much so far, New York Fed says

NEW YORK (Reuters) -Rising adoption of artificial intelligence technology by firms in the Federal Reserve's New York district has not been much of a job-killer so far, the regional Fed bank said in a blog on Thursday.

Technology

US SEC unveils agenda to revamp crypto policies, ease Wall Street rules

-The U.S. Securities and Exchange Commission on Thursday unveiled its rulemaking agenda for the upcoming months, which could see broad proposals to revamp cryptocurrency regulations and reduce rules Wall Street has decried as being overly burdensome.