Technology

Apple beats US appeal claiming it shortchanged customers on iCloud storage

(Reuters) -A U.S. federal appeals court on Wednesday rejected claims by Apple customers that the iPhone maker gave them less iCloud data storage than they paid for when upgrading.

Technology

IBM's software sales disappoint, eclipsing AI mainframe revival

(Reuters) -IBM beat Wall Street estimates for second-quarter revenue and profit on Wednesday, but lower-than-expected sales in its mainstay software segment overshadowed a renewal in demand for the mainframe business spurred by AI upgrades.

Technology

Google parent Alphabet surprises with capital spending boost after earnings beat

(Reuters) -Alphabet on Wednesday cited massive demand for its cloud computing services as it hiked its capital spending plans for the year to about $85 billion and predicted a further increase next year.

Technology

T-Mobile raises forecast for annual subscriber additions

(Reuters) -T-Mobile raised its annual forecast for postpaid net customer additions on Wednesday and added more wireless subscribers than expected in the second quarter, signaling steady demand for the telecom giant's top-tier mobile services.

Technology

White House unveils artificial intelligence policy plan

WASHINGTON (Reuters) -The White House released an artificial intelligence (AI) policy plan on Wednesday spelling out priorities for the U.S. to achieve "global dominance" in the sector.

Technology

Amphenol forecasts upbeat quarterly results on strong demand for electronic equipment

(Reuters) -Amphenol forecast third-quarter results above Wall Street estimates on Wednesday, after seeing strong demand for its products such as cables, sensors and antennas, sending its shares up 4%.

Technology

Factbox-From Amazon to Walmart, global e-commerce firms face regulatory scrutiny in India

(Reuters) -Foreign companies operating in India's booming e-commerce sector face many regulatory and legal challenges from authorities investigating them for alleged non-compliance with Indian laws, moves largely aimed at protecting local businesses.

Technology

No plans to get Big Tech to pay digital law compliance costs, EU tech chief says

BRUSSELS (Reuters) -The European Commission will not ask Alphabet, Amazon, Apple, ByteDance, Meta Platforms and Microsoft to pay the cost of monitoring their compliance with a new digital law, the EU tech chief said on Wednesday.

Technology

Goldman, BNY team up to launch tokens tied to money market funds

(Reuters) -Goldman Sachs and BNY have joined hands to launch digital tokens that mirror shares of money market funds, deepening Wall Street's push to bring blockchain technology into traditional finance.

Technology

Microsoft says some SharePoint server hackers now using ransomware

WASHINGTON (Reuters) -A cyber-espionage campaign centered on vulnerable versions of Microsoft's server software now involves the deployment of ransomware, Microsoft said in a late Wednesday blog post.

Technology

UK steps up scrutiny of Apple and Google over mobile platforms

LONDON (Reuters) -Britain on Wednesday told Apple and Google to be fairer in how they distribute apps on their mobile platforms, setting out possible interventions as it plans to designate the U.S. tech companies with strategic market status over their duopoly.

Technology

Infosys raises annual revenue forecast on financial services boost

BENGALURU (Reuters) -India's No.2 IT services provider Infosys raised the floor of its annual revenue forecast on Wednesday after reporting stronger-than-expected quarterly sales, as its financial services segment got a fillip from AI deals and market-share gains.

Technology

Explainer-What is tokenization and is it crypto's next big thing?

NEW YORK (Reuters) -Tokenization has long been a buzzword for crypto enthusiasts, who have been arguing for years that blockchain-based assets will change the underlying infrastructure of financial markets.

Technology

TE Connectivity projects robust fourth quarter, reports upbeat quarterly results

(Reuters) -TE Connectivity issued an upbeat forecast for the fourth quarter on Wednesday, following better-than-expected third-quarter profit and revenue results driven by strong demand for its industrial products.

Technology

Australia's WiseTech to cut some jobs in AI-driven efficiency push

(Reuters) -Australia's WiseTech Global confirmed on Wednesday it was cutting some roles as part of a workforce review to focus on "maximizing efficiency via automation and use of artificial intelligence". The software firm did not specify the number of jobs to be impacted in an emailed response to a Reuters query.

Technology

Texas Instruments shares sink as tariff risks cloud chip demand outlook

(Reuters) -Texas Instruments shares sank 11% on Wednesday after executives adopted a markedly cautious tone and issued a weak quarterly profit forecast, intensifying investor concerns over the impact of tariffs.

Technology

Intel's chip contracting plan in spotlight on earnings day

(Reuters) -Faced with slumping quarterly sales and a burgeoning loss, Intel shareholders will want to know new CEO Lip Bu-Tan's plans for the chipmaker's nascent contract manufacturing business. 

Technology

SAP shares drop after it maintains outlook despite strong quarter

BERLIN (Reuters) -Shares in SAP fell on Wednesday after the German software maker reported higher quarterly sales and earnings but held off on increasing full-year targets, which some investors had expected.

Cybersecurity

Hongkong Post online portal hacked, potentially exposing personal data of users

Postal service provider says address book details of EC-Ship account holders were possibly compromised in cyberattack involving 'robotic access'.

Cybersecurity

Microsoft flaw ‘opens the door’ for hackers. It will be hard to close

Waves of cyberattacks are hitting a commonly used Microsoft product, compromising dozens of organisations around the world.