Broadcom forecasts fourth-quarter revenue below Wall Street expectations

Broadcom forecasts fourth-quarter revenue below Wall Street expectations

The Broadcom Limited company logo is shown outside one of their office complexes in Irvine, California, U.S., March 4, 2021. REUTERS/Mike Blake Acquire Licensing Rights Aug 31 (Reuters) – Broadcom (AVGO.O) forecast fourth-quarter revenue below Wall Street estimates on Thursday, on worries bleak enterprise spending and stiff competition in the networking chip space will outweigh … Read more

China lets Baidu, others launch ChatGPT-like bots to public, tech shares jump

China lets Baidu, others launch ChatGPT-like bots to public, tech shares jump

Baidu sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song Acquire Licensing Rights Baidu, SenseTime, Baichuan open AI products to the public Chinese media say 11 firms have received government approval Approvals anticipated after Beijing passed generative AI rules Shares in Baidu, SenseTime jump Aug 31 … Read more

Exclusive: Tiger Global says ex-employee targets it in misinformation attacks

Exclusive: Tiger Global says ex-employee targets it in misinformation attacks

Aug 25 (Reuters) – Investment firm Tiger Global Management LLC, known for its early bets on tech firms like Meta (META.O) and Spotify , on Friday told limited partners it has been the target of a series of misinformation attacks by a former employee, according to a letter seen by Reuters. The firm was responding … Read more

Grocery startup Zepto becomes India’s first unicorn in nearly a year in new funding round

Grocery startup Zepto becomes India’s first unicorn in nearly a year in new funding round

Zepto logo is seen displayed in this illustration taken May 2, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights MUMBAI, Aug 25 (Reuters) – Indian grocery startup Zepto said on Friday it has raised $200 million in fresh funding at a valuation of $1.4 billion, making it the first startup in the country to cross the … Read more

South Korea’s Naver launches generative AI services

South Korea’s Naver launches generative AI services

A general view of the Naver sign on its office building in Seongnam, South Korea, May 13, 2022. Picture taken May 13, 2022. REUTERS/ Heo Ran/File Photo Acquire Licensing Rights SEOUL, Aug 24 (Reuters) – South Korean internet giant Naver (035420.KS) unveiled its own generative artificial intelligence (AI) tool on Thursday, joining the frenzy around … Read more

Microsoft, Activision to sell streaming rights to secure biggest video gaming deal

Microsoft, Activision to sell streaming rights to secure biggest video gaming deal

UK’s CMA says original $69 bln Microsoft purchase blocked Activision to divest streaming rights to Ubisoft Deal designed to enable Microsoft takeover to proceed LONDON, Aug 22 (Reuters) – “Call of Duty” maker Activision Blizzard (ATVI.O) will sell its streaming rights to Ubisoft Entertainment (UBIP.PA) in a fresh attempt to win approval from Britain’s anti-trust … Read more

Canada demands Meta lift news ban to allow wildfire info sharing

Canada demands Meta lift news ban to allow wildfire info sharing

[1/2]A satellite image shows wildfires burning near Yellowknife, Northwest Territories, Canada August 16, 2023. Maxar Technologies/Handout via REUTERS Acquire Licensing Rights OTTAWA, Aug 18 (Reuters) – The Canadian government on Friday demanded that Meta (META.O) lift a “reckless” ban on domestic news from its platforms to allow people to share information about wildfires in the … Read more

From Mad Men to machines? Big advertisers shift to AI

From Mad Men to machines? Big advertisers shift to AI

LONDON, Aug 18 (Reuters) – Some of the world’s biggest advertisers, from food giant Nestle (NESN.S) to consumer goods multinational Unilever (ULVR.L), are experimenting with using generative AI software like ChatGPT and DALL-E to cut costs and increase productivity, executives say. But many companies remain wary of security and copyright risks as well as the … Read more

PayPal to halt UK crypto sales until 2024

PayPal to halt UK crypto sales until 2024

The PayPal logo is seen at an office building in Berlin, Germany, March 5, 2019. REUTERS/Fabrizio Bensch/File Photo Acquire Licensing Rights LONDON, Aug 16 (Reuters) – Payments giant PayPal (PYPL.O) will stop allowing UK customers to buy cryptocurrencies through its platform from October as it works to comply with new rules on crypto promotions. Britain’s … Read more

Exclusive: SoftBank in talks to buy Vision Fund’s 25% stake in Arm

Exclusive: SoftBank in talks to buy Vision Fund’s 25% stake in Arm

A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File photo NEW YORK, Aug 13 (Reuters) – SoftBank Group Corp (9984.T) is in talks to acquire the 25% stake in Arm Ltd it does not directly own from Vision Fund 1 (VF1), … Read more