AI

Microsoft's Copilot is getting lapped by 900 million ChatGPT downloads

Microsoft Corp has spent billions of dollars to get people like Tyson Jominy using its Copilot, an artificially intelligent personal assistant designed to make it easier for consumers to navigate the world. 

Mobile apps

TikTok hit by fresh complaint over data access

Online privacy campaigners filed fresh complaints against social media giant TikTok and two other Chinese-owned companies on July 17, saying they had failed to comply with data access requests.

Technology

Meta hires two Apple AI researchers for Superintelligence push, Bloomberg News reports

(Reuters) -Meta Platforms has hired Apple artificial intelligence researchers Mark Lee and Tom Gunter for its Superintelligence Labs team, Bloomberg News reported on Thursday, as it intensifies its pursuit for top AI talent.

Technology

Netflix says it used GenAI in Argentine TV series

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Technology

US House passes crypto industry-backed market structure bill

(Reuters) -The U.S. House of Representatives passed a bill on Thursday that would develop a regulatory framework for cryptocurrencies and expand the Commodity Futures Trading Commission's oversight of the industry. 

Technology

'Squid Game' boosts Netflix quarter, company raises revenue guidance

LOS ANGELES (Reuters) -The final season of global phenomenon "Squid Game" helped Netflix beat Wall Street earnings targets for the second quarter, and the streaming service raised its revenue guidance for the year.

Technology

OpenAI unveils ChatGPT agent to handle tasks as AI apps evolve

(Reuters) -OpenAI launched an artificial intelligence agent for its popular chatbot ChatGPT on Thursday that can complete complex tasks as the Microsoft-backed startup looks to get ahead of competitors in the AI race.

Technology

Analysis-Institutional investors warm to crypto but demand still nascent

NEW YORK (Reuters) -Bitcoin's surge to a record this week has reignited questions about the role institutional investors are playing in pushing it higher, with analysts suggesting their role is still in its infancy.

Technology

Exclusive-Amazon's AWS cloud computing unit cuts at least hundreds of jobs, sources say

SAN FRANCISCO (Reuters) -Amazon cut at least hundreds of jobs in its Amazon Web Services cloud computing unit on Thursday, two sources said, just a month after CEO Andy Jassy warned that adoption of generative AI tools would trigger a workforce reduction.

Technology

Waymo expands coverage in Austin, Texas, as robotaxi competition heats up

(Reuters) -Alphabet's Waymo is expanding its service in Austin, Texas, to 90 square miles from 37 square miles earlier, the software giant's self-driving unit said on Thursday, seeking to protect its top position in the city from rivals such as Tesla.

Technology

Russia's Sberbank offers custody services for Russian crypto assets

MOSCOW (Reuters) -Russia's largest lender Sberbank wants to offer custody services for Russian cryptocurrency assets, the state-owned bank said on Thursday, seeking a leading role in Russia's development of digital assets.

Technology

US authors suing Anthropic can band together in copyright class action, judge rules

(Reuters) -A California federal judge ruled on Thursday that three authors suing artificial intelligence startup Anthropic for copyright infringement can represent writers nationwide whose books Anthropic allegedly pirated to train its AI system.

Technology

US SEC, Musk seek more time for billionaire to respond to SEC's lawsuit

NEW YORK (Reuters) -The U.S. Securities and Exchange Commission and Elon Musk have again agreed to give the billionaire more time to respond to the regulator's civil lawsuit accusing him of waiting too long in 2022 to reveal his large stake in Twitter.

Technology

US House passes stablecoin legislation, sending bill to Trump

(Reuters) -The U.S. House of Representatives on Thursday passed a bill to create a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens known as stablecoins, sending the bill to President Donald Trump, who is expected to sign it into law. 

Technology

Meta investors, Zuckerberg reach settlement to end trial over Facebook privacy litigation

WILMINGTON, Delaware (Reuters) -Mark Zuckerberg and current and former directors and officers of Meta Platforms agreed on Thursday to settle claims seeking $8 billion for the damage they allegedly caused the company by allowing repeated violations of Facebook users' privacy, a lawyer for the shareholders told a Delaware judge on Thursday.

Technology

Crypto firm Bitcoin Standard to go public in deal with Cantor-backed SPAC

(Reuters) -Crypto firm Bitcoin Standard Treasury Company said on Thursday it is aiming to list on the Nasdaq, with over 30,000 bitcoin on its balance sheet, through a merger with a Cantor Fitzgerald-backed blank check vehicle.

Technology

Uber to invest $300 million in EV maker Lucid as part of robotaxi deal

SAN FRANCISCO (Reuters) -Uber will invest $300 million in electric vehicle maker Lucid in a robotaxi deal that aims to start with one major U.S. city late next year, the companies said on Thursday.

Technology

South Korea wins UK appeal over arbitration ruling in Samsung merger case

LONDON (Reuters) -South Korea on Thursday won its latest appeal in its dispute with U.S. hedge fund Elliott over the 2015 merger of two affiliates of Samsung, shortly after the electronics group's Chairman Jay Y. Lee was cleared by South Korea's top court.

Technology

Wipro beats first quarter revenue view on demand from U.S clients

BENGALURU (Reuters) -India's fourth-largest IT services player Wipro said it expects revenue in the second quarter of fiscal year 2026 to range between $2.56 billion and $2.61 billion, after sales in the June quarter topped analysts estimates, helped by growth in a part of its Americas business.

Technology

EU stalls probe into Musk's X amid US trade talks, FT reports

(Reuters) -The European Commission has stalled one of its investigations into Elon Musk's social media platform X for breaching its digital transparency rules while it seeks to conclude trade talks with the U.S., the Financial Times reported on Thursday.