Technology

OpenAI, Oracle sign $300 billion computing deal, WSJ reports

(Reuters) -OpenAI has signed a contract to purchase $300 billion in computing power over roughly five years from Oracle, among biggest in history, the Wall Street Journal reported on Wednesday.

Technology

US Senator Wyden pushes FTC to investigate Microsoft for 'gross cybersecurity negligence'

(Reuters) -U.S. Democratic Senator Ron Wyden on Wednesday requested the Federal Trade Commission "investigate and hold Microsoft responsible" for its role in a string of high-profile cybersecurity incidents in recent years, saying the company's approach to security "continues to threaten U.S. national security."

Technology

Bumble biopic 'Swiped' takes on Silicon Valley 'boys club'

TORONTO (Reuters) - The new biopic "Swiped," starring British actor Lily James as dating app Bumble founder Whitney Wolfe Herd, takes the audience back to Silicon Valley in the early 2010s, before swiping left or right had anything to do with match-making.

Technology

AI software developer Replit raises $250 million at $3 billion valuation

(Reuters) - AI software developer platform Replit said on Wednesday it has raised $250 million in a funding round that values the San Francisco-based company at $3 billion, as investors continue to back AI startups that help people write code.  

Technology

Europe's AI poster child Klarna taps the brakes on chatbots

STOCKHOLM/NEW YORK (Reuters) -After becoming one of the early adopters in Europe of artificial intelligence, Klarna CEO Sebastian Siemiatkowski says the lender may have gone too far in using the technology to cut costs at the expense of service and product improvement.  

Technology

Italy's Bending Spoons to take Vimeo private in $1.38 billion deal

(Reuters) - Video platform Vimeo, whose popularity surged during the pandemic, said on Wednesday it will be acquired by Italian app developer Bending Spoons for about $1.38 billion, a deal that would take it private after more than four years of its debut.

Technology

US data center build hits record as AI demand surges, Bank of America Institute says

(Reuters) -Construction spending on U.S. data centers reached an all-time high of $40 billion at a seasonally adjusted annual rate in June, as technology giants continue pouring billions into AI infrastructure, according to a Bank of America Institute report.

Technology

Investors retreat as shares in bitcoin buyers decline

LONDON/PARIS/NEW YORK (Reuters) - Companies that accumulate and hoard bitcoin and other cryptocurrencies have suffered sharp drops in their share prices as the crypto mania that has gripped investors for much of the year recedes.

Technology

Amazon developing consumer AR glasses to rival Meta, The Information reports

(Reuters) -Amazon.com is developing augmented reality (AR) glasses for consumers, the Information reported on Wednesday, citing two people with knowledge of the plans, a move that would put the company in competition with Facebook owner Meta.

Technology

Trump Media and Technology seeks SEC approval for five new ETFs

(Reuters) - Trump Media and Technology Group announced the filing for five new exchange-traded funds with the U.S. Securities and Exchange Commission on Wednesday.

Technology

AI infrastructure company Nebius to raise $3 billion to fuel growth

LONDON (Reuters) - Nebius Group said on Wednesday it would raise $3 billion to fuel growth in its core artificial intelligence cloud business, on the heels of its $17.4-billion deal with Microsoft.

Technology

Lyft, May Mobility roll out robotaxi service in Atlanta

(Reuters) -Ride-hailing app Lyft and autonomous vehicle startup May Mobility will launch a pilot robotaxi service in Atlanta starting from Wednesday, the companies said, marking the partnership's first public deployment.

Technology

AI-guided cameras make solo surgery possible in step towards surgical automation

SANTIAGO (Reuters) -Ricardo Funke, the chief of surgery at Clinica Las Condes in Santiago, Chile, had a new assistant during a laparoscopic surgery on Monday - an autonomous artificial intelligence-guided camera that allowed him to carry out a gallbladder removal alone.

Technology

PsiQuantum valued at $7 billion in latest funding round, teams up with Nvidia

(Reuters) -Quantum computing startup PsiQuantum said on Wednesday it has raised $1 billion in its latest funding round at a valuation of $7 billion, and announced a collaboration with Nvidia to speed up development of its quantum computers.

Technology

Klarna valued at nearly $20 billion as shares jump in NYSE debut

(Reuters) - Klarna shares jumped 30% in their hotly anticipated New York debut, valuing the Swedish fintech at $19.65 billion, ending the company's years-long wait for a listing and underscoring a rebound in the broader U.S. IPO market.

Technology

E-commerce firm Pattern eyes up to $2.6 billion valuation in US IPO

(Reuters) - Pattern is seeking a valuation of up to $2.64 billion in its initial public offering in the United States, the e-commerce firm said on Wednesday, in a further sign of resurgent demand for new listings.

Technology

As Klarna readies IPO, five charts mapping BNPL use

(Reuters) -The long-awaited New York listing of Stockholm-based buy now, pay later (BNPL) giant Klarna on Wednesday has once again shone a spotlight on the installment plans which have ballooned in popularity among U.S. shoppers in recent years.

Wearables

Apple debuts AirPods Pro 3 with pulse monitoring, better fit

Apple Inc introduced its first new AirPods Pro model in three years, adding new health-tracking features, live translation capabilities, improved noise cancellation and a better fit.

Technology

British regulator proposes scrapping limit on contactless card payments

LONDON (Reuters) -Contactless card payments in Britain could exceed a 100-pound ($135.35) limit under new proposals outlined by the markets regulator on Wednesday.

Social media

Why Mark S. Zuckerberg is suing Facebook’s parent company, Meta

Facebook has repeatedly flagged his accounts, he says, for "impersonating" the company's founder, Mark E. Zuckerberg.