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WhatsApp set to face stricter content moderation rules in the EU

Meta Platforms Inc's messaging service WhatsApp will face stricter rules under the European Union's content moderation rulebook, as the bloc increases scrutiny of social media.

Technology

Ex-Twitter CEO Agrawal's AI search startup Parallel raises $100 million

(Reuters) -AI startup Parallel Web Systems, founded by former Twitter CEO Parag Agrawal, has raised $100 million to build web search infrastructure for artificial intelligence agents and fund deals with online content owners, Agrawal said in an interview.

Technology

FanDuel owner cuts profit forecast, to launch event contracts next month

DUBLIN (Reuters) -Flutter, the world's largest online betting company, sharply cut its full-year profit growth forecast on Wednesday, primarily due to another long winning streak by gamblers that increased its payouts.

Technology

Volkswagen says Rivian JV tech could extend to combustion cars in future

PALO ALTO (Reuters) -Volkswagen Group said on Wednesday the technology it is developing with U.S. electric-vehicle maker Rivian Automotive could eventually be used in its internal combustion engine vehicles.

Technology

Portuguese telcos plan to invest $4.9 billion in 5G, satellites over 5 years

LISBON (Reuters) -Portuguese telecoms operators plan to spend 4.2 billion euros ($4.9 billion) on high-speed 5G networks and satellites over the next five years to support major projects such as data centres and AI, the Infrastructure Ministry said on Wednesday.

Technology

Exclusive-Europe's mobile operators set to win key spectrum in fight with wi-fi industry, sources say

BRUSSELS (Reuters) -Europe's telecoms operators are set to gain access to the bulk of key spectrum coveted also by internet providers, with the backing of an advisory body to the European Commission, people with direct knowledge of the matter said on Wednesday.

Technology

Dayforce shareholders back Thoma Bravo's $12.3 billion take-private deal

(Reuters) -Dayforce said that it has received an overwhelmingly positive stockholder vote for a proposed $12.3 billion buyout of the HR software provider by Thoma Bravo, a month after its largest shareholder said it would vote against the deal.

Technology

Irish media regulator opens investigation into Musk's X

DUBLIN (Reuters) -Ireland's media regulator began an investigation into social media platform X on Wednesday over concerns it is not giving users a chance to appeal content moderation decisions and that its internal complaint-handling systems are not easy to access.

Technology

Wall St regulator to consider crypto token classification, chair says

WASHINGTON (Reuters) -The head of the U.S. Securities and Exchange Commission said on Wednesday the agency would soon consider establishing a classification for digital assets to help determine when they can be considered securities.

Technology

Developer fee cuts not passed on to EU users, Apple says

BRUSSELS (Reuters) -Lower developer fees implemented by Apple to comply with European Union tech regulations have not reduced prices for users, the iPhone maker said on Wednesday, renewing its criticism of Europe's efforts to rein in its market power.

Technology

Anthropic to invest $50 billion to build data centers in US

(Reuters) -AI startup Anthropic said on Wednesday it would invest $50 billion in building data centers in the U.S., the latest multi-billion-dollar outlay in the industry as companies race to expand their artificial intelligence infrastructure.

Technology

OpenAI fights order to turn over millions of ChatGPT conversations

(Reuters) -OpenAI asked a federal judge in New York on Wednesday to reverse an order that required it to turn over 20 million anonymized ChatGPT chat logs amid a copyright infringement lawsuit by the New York Times and other news outlets, saying it would expose users' private conversations.

Technology

Synopsys to cut about 10% of its workforce

(Reuters) -Synopsys will lay off about 10% of its workforce as the chip-design software maker looks to redirect investment towards key growth opportunities, according to a regulatory filing on Wednesday.

Technology

Existing EU crypto rules address stablecoin risk, banking regulator says

PARIS (Reuters) -Europe's existing crypto rules already contain safeguards against risks posed by stablecoins, the region's banking supervisor told Reuters, after the European Central Bank warned that the tokens could threaten financial stability.

Technology

EU looks to Big Tech, influencers to fight hybrid threats, fake news

BRUSSELS (Reuters) -Europe is looking to online platforms and influencers to help fight disinformation and promote democracy according to a European Commission strategy presented on Wednesday amid concerns over interference by foreign governments in national elections.

Technology

Circle quarterly profit beats estimates on stablecoin growth

(Reuters) -Circle's third-quarter profit beat Wall Street expectations on Wednesday, driven by higher reserve income amid rising circulation of its flagship stablecoin, but shares fell on concerns over potential competition and valuation.

Technology

Self-driving truck firm Einride to go public via SPAC deal at $1.8 billion valuation

(Reuters) -Swedish autonomous trucking company Einride said on Wednesday it has agreed to go public in the U.S. through a merger with blank-check firm Legato Merger Corp III in a deal valuing the company at $1.8 billion.

Technology

Fearful of Trump's raids, some Hispanic shoppers turn to safety of online buying

NEW YORK/NEWARK (Reuters) -In Newark's heavily Latino Ironbound district, Rosa Ludena works the register of the electronics shop she's owned since 2003. 

Technology

Microsoft expands Danish quantum facility with second lab

COPENHAGEN (Reuters) -Microsoft on Wednesday said it is expanding its quantum facility just outside the Danish capital Copenhagen, by building its second lab in the Nordic country and its largest quantum site globally.

Technology

IBM says 'Loon' chip shows path to useful quantum computers by 2029

SAN FRANCISCO (Reuters) -IBM announced on Wednesday it has built a new experimental quantum computing chip called Loon that demonstrates it hit a key milestone toward making useful quantum computers before the end of the decade.