Technology

Crypto exchange Bullish's US IPO filing reveals quarterly loss

(Reuters) -Cryptocurrency exchange Bullish on Friday disclosed a quarterly loss compared to a year-ago profit in its paperwork for a U.S. initial public offering, amid rising investor interest in the sector.

Technology

Perplexity in talks with phone makers to pre-install Comet AI mobile browser on devices

(Reuters) -Nvidia-backed Perplexity AI, the startup challenging Google with its AI-powered search engine, is in discussions with mobile device makers to pre-install its new Comet browser on smartphones, CEO Aravind Srinivas told Reuters on Friday.

Technology

Crypto sector breaches $4 trillion in market value during pivotal week

(Reuters) -The crypto sector's market value hit $4 trillion on Friday, according to CoinGecko, marking a milestone that reflects its shift from a nascent asset class to a central part of the global investment landscape.

Technology

Trump signs stablecoin law as crypto industry aims for mainstream adoption

WASHINGTON (Reuters) -U.S. President Donald Trump on Friday signed a law to create a regulatory regime for dollar-pegged cryptocurrencies known as stablecoins, a milestone that could pave the way for the digital assets to become an everyday way to make payments and move money.  

Technology

OpenAI launches $50 million fund to support nonprofits, community organizations

SAN FRANCISCO (Reuters) -ChatGPT maker OpenAI is launching a $50 million fund to support nonprofit and community organizations, the artificial intelligence company said on Friday.

Technology

Microsoft likely to sign EU AI code of practice, Meta rebuffs guidelines

BRUSSELS (Reuters) -Microsoft will likely sign the European Union's code of practice to help companies comply with the bloc's landmark artificial intelligence rules, its president told Reuters on Friday, while Meta Platforms rebuffed the guidelines.

Technology

JPMorgan eyes new research frontier with coverage of private firms, source says

(Reuters) -JPMorgan Chase has begun publishing research notes on prominent private companies transforming industries, a person familiar with the matter told Reuters on Friday.

Technology

Corning staves off antitrust fine as EU regulators accept concessions to mobile phone makers

BRUSSELS (Reuters) -EU antitrust regulators on Friday accepted glass maker Corning's offer to waive exclusive deals with mobile phone makers and glass processing companies and scrap purchasing clauses to end an eight-month long investigation and stave off a possible fine.

Technology

Netflix shares fall as weak dollar-driven forecast fails to impress

(Reuters) -Netflix shares declined more than 4% on Friday as some investors were disappointed by a revenue forecast that was driven more by a weaker dollar than strong demand for the streamer's content.

Technology

AI models with systemic risks given pointers on how to comply with EU AI rules

BRUSSELS (Reuters) -The European Commission set out guidelines on Friday to help AI models it has determined have systemic risks and face tougher obligations to mitigate potential threats comply with European Union artificial intelligence regulation (AI Act).

Technology

Crypto stocks jump as ether scales six-month high

(Reuters) -Crypto-focused stocks rose on Friday, after ether hit a six-month high on the passage of a stablecoin bill by the U.S. House of Representatives.

Technology

Russian lawmakers say 'security threat' WhatsApp should prepare to leave Russia

MOSCOW (Reuters) -WhatsApp should prepare to leave the Russian market, a lawmaker who regulates the IT sector said on Friday, warning that the messaging app owned by Meta Platforms was likely to be put on a list of restricted software.

Driverless vehicle

Tesla spars in court over Autopilot alert two seconds before crash

The final two seconds before a Tesla Model S crashed into a parked SUV took centre stage on July 17 in a court showdown over who's responsible for the 2019 collision – the distracted driver or his car's Autopilot system.

Video games

‘Subnautica 2’ leaders say Krafton sabotaged game over payout

The ousted leadership of video-game developer Unknown Worlds said parent company Krafton Inc fired them after the executives presented the company with upbeat revenue projections that would have triggered most, if not all, of a US$250mil (RM1.06bil) bonus payment, according to a copy of their lawsuit which was unsealed July 16.

AI

AI is making sure you pay for that ding on your rental car

Hertz and other agencies are increasingly relying on scanners that use high-res imaging and A.I. to flag even tiny blemishes, and customers aren't happy.

Video games

Roblox rolls out safety features including age test

Roblox Corp is adding new safety features, including an age-estimation tool that relies on video selfies, in an effort to better protect its kid-heavy user base.

Video games

‘Who killed love?’ A video game plays to male resentment in China.

A popular and contentious game, Revenge On Gold Diggers, sheds light on misogyny, inequality and the feeling among many men that they are economic victims.

Technology

Wipro shares rise as Indian IT firm's quarterly results top estimates

(Reuters) -India's Wipro rose as much as 4% in early trade on Friday after the country's fourth-largest IT firm reported better-than-expected quarterly earnings, driven by improved client spending in segments of its Americas business.

AI

ChatGPT will soon shop online, make PowerPoints on your behalf

OpenAI is rolling out new options for chatbot ChatGPT to carry out a variety of increasingly complicated tasks on a user's behalf, part of its push to bring so-called AI agents to the mainstream. 

Internet

Russia cracks down on Internet searches and VPNs with new fines

Russia's State Duma approved new fines for searching for content considered "extremist" and virtual private network providers that enable access to that material as authorities deepen a long-running crackdown on the Internet.