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Elon Musk's xAI Holdings in talks to raise $20 billion from investors, Bloomberg News reports
Published: April 26, 2025 01:58
Elon Musk's xAI Holdings is in talks with investors to raise roughly $20 billion in funding for his newly combined artificial intelligence startup and social media business, Bloomberg News reported on Friday, citing people familiar with the matter.
Brazil's Totvs signs exclusivity agreement in talks to buy StoneCo's Linx
Published: April 25, 2025 21:54
Brazilian software company Totvs said on Friday it has resumed talks to acquire StoneCo's unit Linx, signing an agreement to have exclusivity in the negotiations for a set period.
Nike sued over closure of crypto business
Published: April 25, 2025 21:03
Nike was sued on Friday by purchasers of Nike-themed non-fungible tokens (NFTs) and other cryptocurrency assets who said they suffered significant losses when the athletic wear company abruptly closed the business that created those assets.
Exclusive: TikTok owner weighs data center project in Brazil, sources say
Published: April 25, 2025 19:18
One of the sources said initial talks are focused on a 300-megawatt data center, but the project could eventually expand to 900 megawatt in a second phase.
US judge sets May 2 hearing to discuss remedies in Google digital ads lawsuit
Published: April 25, 2025 19:17
A U.S. judge has set a May 2 hearing to discuss remedies the U.S. Justice Department and a group of states might ask the court to impose on Google after it ruled the Alphabet unit illegally dominates two markets for online advertising technology.
Nigerian tribunal upholds $220 million fine against Meta for violating consumer, data laws
Published: April 25, 2025 18:19
A $220 million fine against Meta Platforms by Nigeria's competition watchdog for violating local consumer, data protection and privacy laws has been upheld following an unsuccessful appeal, Nigeria's Competition and Consumer Protection Tribunal said on…
UK's Deliveroo gets $3.6 billion buyout proposal from DoorDash
Published: April 25, 2025 17:28
British meal delivery company Deliveroo said on Friday it received a proposal from U.S. peer DoorDash on April 5 to buy all of its shares for 2.7 billion pounds ($3.60 billion).
New US SEC chair says crypto sector deserves clear regulations
Published: April 25, 2025 17:20
The new head of the U.S. Securities and Exchange Commission on Friday said that the agency has stifled innovation for the cryptocurrency sector by fostering "regulatory uncertainty" in prior years.
Ex-CISA boss says Trump actions risk 'dangerously degrading' US cyber defenses
Published: April 25, 2025 16:32
U.S. President Donald Trump's purges and apparent acts of retribution aimed at top cyber officials put the nation's digital defenses at risk, the former head of the Cybersecurity and Infrastructure Security Agency (CISA) said in a post on Friday.
Cantor Equity shares rally amid retail investor fervor for bitcoin
Published: April 25, 2025 13:57
Shares of blank-check firm Cantor Equity Partners surged 29% on Friday, extending a scorching rally from their previous session, as retail investors hoping to capitalize on the growing interest in bitcoin flocked to the stock.
Britain's M&S stops taking online orders after cyber attack
Published: April 25, 2025 12:55
Marks & Spencer stopped taking online orders in the UK and Ireland on Friday following a cyber attack which it reported earlier in the week, an announcement which sent its shares down by 5%.
India's Tata Technologies misses revenue expectations as EV demand slows
Published: April 25, 2025 12:33
India's Tata Technologies reported a smaller-than-expected revenue for the fourth quarter, hurt by slowing global demand for electric vehicles.
Charter Communications beats revenue estimate on strength in mobile services
Published: April 25, 2025 12:20
Charter Communications on Friday topped Wall Street estimate for first-quarter revenue and added more subscribers than expected for its mobile services, thanks to strong demand for its bundled plans.
Tencent Music in talks to buy China's Ximalaya for $2.4 billion, Bloomberg News reports
Published: April 25, 2025 11:42
Tencent Music Entertainment Group is in advanced talks to buy China's largest online audio platform, Ximalaya Inc , for $2.4 billion, Bloomberg News reported on Friday, citing sources.
US seeks India trade deal on e-commerce, crops and data storage, Bloomberg News reports
Published: April 25, 2025 08:50
A U.S.-India trade agreement under discussion will cover 19 categories, including greater market access for farm goods, e-commerce, data storage and critical minerals, Bloomberg News reported on Friday.
Automakers rush to meet surging China demand for long-range hybrids
Published: April 25, 2025 08:29
Chinese automakers and foreign rivals are launching ever more advanced long-range hybrids to meet rising demand in the world's largest auto market.
Samsung to invest $117 million in southern Indian facility, minister says
Published: April 25, 2025 08:08
South Korea's Samsung Electronics will invest 10 billion rupees ($117.09 million) in its facility in southern India, a minister said on Friday, months after the plant faced worker protests following employee suspensions.
Japan's Advantest expects 6% annual profit growth as AI boosts testing
Published: April 25, 2025 07:58
Japanese chip testing equipment maker Advantest forecast on Friday its operating profit to grow 6% next fiscal year, buoyed by demand for its testing tools for chips used in the artificial intelligence tasks.
Intel shares sag after downbeat forecasts
https://www.reuters.com/business/intel-shares-sag-after-downbeat-forecasts-2025-04-25/
Published: April 25, 2025 06:30
Intel shares dropped almost 4% in heavy trading in Frankfurt on Friday after issuing downbeat forecasts for both revenue and profit the day before, as investors fretted about the outlook for the chip sector against the backdrop of the U.S./China trade war.
Alphabet Frankfurt-listed shares rise after revenue estimates beat
Published: April 25, 2025 06:24
Google parent Alphabet's Frankfurt-listed shares rose over 6% in early trade on Friday after the tech giant beat Wall Street estimates for quarterly revenue on Thursday.
Russia's Yandex reports a 34% rise in Q1 revenue
https://www.reuters.com/technology/russias-yandex-reports-34-rise-q1-revenue-2025-04-25/
Published: April 25, 2025 06:15
Russian internet giant Yandex reported a 34% rise in first-quarter revenue to 306.5 billion roubles ($3.71 billion), driven by growth in e-commerce and its search and portal business.
Samsung SDI says tariffs expected to raise production costs of US-made batteries
Published: April 25, 2025 05:41
South Korea's Samsung SDI on Friday said U.S. tariffs will increase the cost of producing its electric vehicle (EV) batteries in the United States, as many materials and components required for it are imported.
Apple aims to source all US iPhones from India in pivot away from China, FT reports
Published: April 25, 2025 04:12
Apple plans to shift the assembly of all U.S.-sold iPhones to India as soon as next year, the Financial Times reported on Friday citing people familiar with the matter, as President Donald Trump's trade war forces the tech giant to pivot away from China.
China's Baidu says its Kunlun chip cluster can train DeepSeek-like models
Published: April 25, 2025 04:06
China's Baidu has successfully "illuminated" a cluster comprising 30,000 of its self-developed, third generation P800 Kunlun chips, which can support the training of DeepSeek-like models, its CEO said on Friday.
Alphabet says Waymo may offer robotaxis for personal ownership in future
Published: April 25, 2025 02:45
Alphabet's Waymo self-driving taxis may be available for people to own in the future, CEO Sundar Pichai said on Thursday, just as electric vehicle maker Tesla gears up to roll out robotaxis this year in the United States.
China’s data protection rules prompt pause from major European research funders
Published: April 25, 2025 02:24
Several of Europe’s biggest funders of scientific collaboration with China, in fields such as viruses and air quality, have put bilateral research programmes on hold due to concerns over Chinese data protection laws, funding agencies said.
Baidu launches new AI model amid mounting competition
Published: April 25, 2025 02:18
Chinese search engine giant Baidu launched its latest artificial intelligence model, Ernie 4.5 Turbo, on Friday, as it ramps up AI product offerings amid mounting competition in the Chinese AI market.
Trade tensions are giving Intel's older chips a second life
Published: April 25, 2025 00:49
A Sino-U.S. trade war that threatens Intel's revenue from its biggest market, China, has become an unlikely driver of demand for the embattled chipmaker's older generation of personal computer and server chips, company executives said on Thursday.
TP-Link faces US criminal antitrust investigation, Bloomberg News reports
Published: April 25, 2025 00:35
The U.S. Justice Department is conducting a criminal antitrust investigation into pricing strategies by router maker TP-Link Systems, Bloomberg News reported on Thursday, citing people familiar with the matter.
After years of failed AI deals, Intel plans homegrown challenge to Nvidia
Published: April 25, 2025 00:18
One of Intel's biggest missteps over the past decade was the failure to challenge Nvidia's dominance in the fast-growing market for artificial intelligence chips.
Workers could save 122 hours a year by adopting AI in admin tasks, says Google
Published: April 24, 2025 23:05
Britain could gain 400 billion pounds ($533 billion) from AI-driven growth if it trained its workforce, Google said, after a pilot scheme in the UK showed workers could save more than 120 hours a year by using AI in administrative tasks.
Publisher Ziff Davis sues OpenAI for copyright infringement
https://www.reuters.com/business/publisher-ziff-davis-sues-openai-copyright-infringement-2025-04-24/
Published: April 24, 2025 22:45
Digital media publisher Ziff Davis sued OpenAI in Delaware federal court on Thursday, accusing the Microsoft-backed artificial-intelligence company of misusing its publications to train the model behind popular chatbot ChatGPT.
Intel CEO says he met with TSMC CEO to discuss collaboration
Published: April 24, 2025 22:29
Intel CEO Lip-Bu Tan met recently with Taiwan Semiconductor Manufacturing Co's CEO to discuss how the two companies could collaborate, Tan said during a conference call with analysts on Thursday.
US bank regulators pull back guardrails on bank crypto activities
Published: April 24, 2025 21:35
U.S. banking regulators announced on Thursday they were pulling back several documents that urge banks to show caution when dabbling in cryptocurrency and related activities.
Nubank clears major hurdle in securing Mexico banking license
Published: April 24, 2025 21:18
Brazilian fintech Nubank said on Thursday that its Mexico arm received regulatory approval from the Mexican National Banking and Securities Commission to begin the process of becoming a full-service bank.
Digital Realty lifts annual FFO forecast on strong data center demand
Published: April 24, 2025 21:17
Digital Realty Trust raised its annual core funds from operations (FFO) forecast on Thursday, betting on strong demand for data center services, sending its shares up 2% in extended trading.
Verisign first-quarter revenue rises on strong demand for domain names
Published: April 24, 2025 21:15
Internet services company Verisign reported a 4.7% rise in first-quarter revenue on Thursday, driven by steady demand for domain registrations as businesses build their online presence.
T-Mobile wireless subscriber growth misses estimates as competition heats up
Published: April 24, 2025 20:08
T-Mobile added fewer wireless subscribers than Wall Street expected in the first quarter as rivals dialed up promotions in a saturating U.S. telecom market, leading to a more than 5% drop in the telecom company's shares after hours.
Google says will buy back $70 bln in shares, posts earnings beat
Published: April 24, 2025 20:06
Google parent Alphabet said it would buy back $70 billion worth of shares as it reported first-quarter profit above Wall Street expectations on Thursday.
Intel forecasts weak revenue amid trade tensions, shares fall
Published: April 24, 2025 20:02
Intel forecast second-quarter revenue below Wall Street estimates on Thursday, casting a shadow over new CEO Lip-Bu Tan's first round of earnings at the helm, against the backdrop of a raging Sino-U.S. trade war.
Meta cuts jobs at its Reality Labs division
https://www.reuters.com/business/world-at-work/meta-cuts-jobs-its-reality-labs-division-2025-04-24/
Published: April 24, 2025 19:41
Facebook owner Meta Platforms is laying off an unspecified number of employees from its Reality Labs division amid ongoing restructuring efforts, the company said on Thursday.
North Korean cyber spies created U.S. firms to dupe crypto developers
Published: April 24, 2025 19:21
North Korean cyber spies created two businesses in the U.S., in violation of Treasury sanctions, to infect developers working in the cryptocurrency industry with malicious software, according to cybersecurity researchers and documents reviewed by Reuters.
Derivatives exchange CME set to launch XRP futures in crypto push
Published: April 24, 2025 16:09
CME Group will launch futures contracts tied to the XRP cryptocurrency next month, the derivatives exchange said on Thursday, aiming to tap into the growing interest in tokens other than bitcoin and ether.
Autodesk settles fight with Starboard, adds two to board
Published: April 24, 2025 14:38
Autodesk said on Thursday it will add two newcomers to its board and settle one of the year's most high-profile proxy fights after activist hedge fund Starboard Value mounted a boardroom challenge at the software-design company last month.
Cryptocurrency firm Tether raises Juventus stake to over 10%
Published: April 24, 2025 13:53
Cryptocurrency firm Tether said on Thursday it had further raised its stake in Italian Serie A soccer club Juventus to over 10%.
Cryptocurrency campaigners call for Swiss central bank to hold bitcoin
Published: April 24, 2025 13:13
Cryptocurrency campaigners have stepped up calls for the Swiss National Bank to buy bitcoin, saying the global economic turmoil triggered by U.S. President Donald Trump's tariffs made it more important for the central bank to diversify its reserves.
Fiserv's quarterly revenue misses on slowdown in payments processing unit
Published: April 24, 2025 12:18
Fiserv missed Wall Street estimates for first-quarter revenue on Thursday, hurt by slowing demand in its payments processing unit, sending the company's shares down about 7% in premarket trading.
Dover beats first quarter profit estimates helped by data center demand
Published: April 24, 2025 11:44
Dover on Thursday beat first-quarter profit estimates, helped by strong sales at its segment that makes components to cool down servers at data centers.
UK blocks video game controller exports to Russia, seeking to thwart drone pilots
Published: April 24, 2025 11:38
Britain on Thursday said it was banning the export to Russia of video game controllers which can be used to pilot drones, part of its latest package of trade measures following Moscow's invasion of Ukraine.
India's Tech Mahindra's quarterly revenue hit by communications segment
Published: April 24, 2025 11:36
Indian software services exporter Tech Mahindra reported a smaller-than-expected fourth-quarter revenue on Thursday due to persistent weakness in its communications and hi-tech verticals.
Mobileye Global beats revenue estimates on strong self-driving tech demand
Published: April 24, 2025 11:25
Mobileye Global beat Wall Street expectations for first-quarter revenue on Thursday, benefiting from an increase in orders for its driver-assistance technology from automakers.
CenterPoint to spend more to meet AI power demand despite fall in quarterly profit
Published: April 24, 2025 11:21
CenterPoint Energy reported a fall in first-quarter profit on Thursday, but the U.S. utility raised its capital expenditure plan to meet expected demand from data centers used for artificial intelligence technologies.
IBM slides as federal spending cuts, uncertain economy impact consulting business
Published: April 24, 2025 11:11
Shares of International Business Machines fell over 6% in premarket trading on Thursday after the company said some of its federal contracts were suspended, while an uncertain economy poses a further threat to its consulting business.
Comcast reports higher broadband subscriber losses as competition heats up
Published: April 24, 2025 11:08
Comcast reported a larger-than-expected decline in broadband customers in the first quarter on Thursday, hit by intense competition from wireless carriers that bundle mobile services with high-speed internet plans.
Tesla doubles down on robotaxi timeline; investors enthused - and skeptical
Published: April 24, 2025 11:07
Tesla peppered its latest earnings call with pledges to launch commercial robotaxi operations soon, with CEO Elon Musk promising that autonomous vehicles will "move the financial needle in a significant way" by late next year.
Coinbase waives fees on PayPal’s stablecoin in crypto payments push
Published: April 24, 2025 11:03
Coinbase, the largest publicly traded cryptocurrency exchange, is waiving fees on transactions connected to PayPal's stablecoin and allowing its users to redeem the token directly for U.S. dollars, a major milestone for PayPal as the company doubles down…
Pope Francis died quickly and without suffering, his doctor says
Published: April 24, 2025 09:39
Pope Francis died quickly on Monday morning from an unexpected stroke without suffering undue pain, and there was nothing that doctors could have done to save his life, the head of the pontiff's medical team said in interviews published on Thursday.
Databricks to boost hiring, invest $250 million in India for AI expansion
Published: April 24, 2025 09:21
Data analytics firm Databricks said on Thursday it will ramp up hiring and invest more than $250 million in India, doubling down on the country's artificial intelligence talent pool and growing AI investments.
Adobe adds AI models from OpenAI, Google to its Firefly app
https://www.reuters.com/business/adobe-adds-ai-models-openai-google-its-firefly-app-2025-04-24/
Published: April 24, 2025 09:01
Adobe said on Thursday it is adding image-generation artificial intelligence models from OpenAI and Alphabet's Google to its Firefly app and bringing the app to mobile devices.
LG considers raising prices, moving production due to tariffs
Published: April 24, 2025 08:12
LG Electronics is considering price increases for some products in response to U.S. tariffs and is also reviewing its options for shifting production of home appliances to the United States, the South Korean company said on Thursday.
Revolut profit soars to $1.5 billion as Storonsky increases stake to more than 25%
Published: April 24, 2025 06:14
Revolut's pretax profit surged 149% last year to 1.1 billion pounds ($1.46 billion) as the financial technology firm rode a wave in crypto trading and earned more from interest rates and card fees, the company said on Thursday.
STMicro sees better quarterly earnings after bottom-of-year 1st quarter
Published: April 24, 2025 05:17
STMicroelectronics forecast improving earnings for the second quarter on Thursday after its first-quarter earnings, which the chipmaker called the bottom point of the year, met its earlier expectations.
Nokia posts quarterly profit miss, flags disruption from Trump's tariffs
Published: April 24, 2025 05:16
Nokia reported first-quarter profit well below market expectations on Thursday and flagged a short-term disruption from U.S. tariffs with an estimated impact of between 20 million and 30 million euros to its second-quarter profit.
French software firm Dassault Systemes cuts 2025 margin outlook
Published: April 24, 2025 05:03
French software company Dassault Systemes lowered its annual operating margin growth forecast on Thursday, citing a more volatile market environment due to tariffs.
Robotaxi maker Pony.ai sees Trump's trade war hitting sentiment, overseas expansion plans
Published: April 24, 2025 04:35
China-based robotaxi developer Pony.ai Inc said on Thursday that U.S. President Donald Trump's trade war with China was likely to dampen its international expansion plans, but it anticipated little direct impact on its supply chain.
South Korea agency says DeepSeek transferred user info, prompts without consent
Published: April 24, 2025 03:21
South Korea's information protection authority said on Thursday that DeepSeek transferred user information and prompts without permission when the service was still available for download in the country's app market.
Dinner with the president: Trump meme coin surges on offer to top buyers
Published: April 24, 2025 01:17
President Donald Trump's meme coin surged more than 60% on Wednesday after a post announcing "the most EXCLUSIVE INVITATION in the world" promised the top 220 buyers of $TRUMP a private gala dinner with the president on May 22.
Nvidia supplier SK Hynix's Q1 profit soars, flags H2 demand risks from tariffs
Published: April 23, 2025 22:52
SK Hynix's quarterly profit more than doubled on strong AI chip sales and stockpiling ahead of potential U.S. tariffs, but it warned that macroeconomic uncertainties could create demand volatility in the second half of the year.
Tyler Technologies boosts annual forecast on steady demand for IT services
Published: April 23, 2025 22:21
Tyler Technologies raised its annual forecast and beat Wall Street expectations for first-quarter revenue on Wednesday, driven by strong demand for its IT services.
US lawmakers subpoena China telecom giants over security concerns
Published: April 23, 2025 22:21
The leaders of a U.S. congressional committee on Wednesday moved to force China's three telecom giants to cooperate with an investigation into their alleged support for the Chinese military and government, according to letters seen by Reuters.
US calls EU fines on Apple and Meta 'economic extortion'
Published: April 23, 2025 21:45
The White House said on Wednesday that fines on Apple and Meta Platforms by the European Union were a "novel form of economic extortion" that the United States will not tolerate.
Musk's X sues to block Minnesota 'deepfake' law over free speech concerns
Published: April 23, 2025 21:34
Elon Musk's social media platform X sued Minnesota on Wednesday over a state law that bans people from using AI-generated "deepfakes" to influence an election, which the company said violated protections of free speech.
Lam Research beats quarterly revenue estimates on surging AI chip demand
Published: April 23, 2025 21:19
Chip-making equipment supplier Lam Research beat Wall Street expectations for third-quarter revenue on Wednesday, fueled by robust demand for advanced AI chips, sending the company's shares up 4.5% in extended trading.
ServiceNow posts upbeat quarterly profit on resilient AI-powered software demand
Published: April 23, 2025 20:14
ServiceNow beat Wall Street estimates for first-quarter profit on Wednesday, helped by resilient demand for its artificial intelligence-powered software for managing IT services, sending the company's shares up 7% in extended trading.
IBM says 15 contracts impacted by DOGE cost cuts, shares drop
Published: April 23, 2025 20:12
International Business Machines said 15 of its government contracts were shelved under a cost-cutting drive by the Trump administration, a setback that eclipsed its upbeat revenue forecast and dragged its shares down over 5% after hours.
TI forecasts second-quarter revenue above estimates, abating tariff concerns
Published: April 23, 2025 20:11
Texas Instruments forecast second-quarter revenue above Wall Street estimates on Wednesday, betting on robust demand for its analog chips despite widespread economic uncertainty stemming from U.S. tariffs.
TSMC shows off new tech for stitching together bigger, faster chips
Published: April 23, 2025 18:43
Taiwan Semiconductor Manufacturing Co on Wednesday unveiled technology for making faster chips and putting them together in dinner-plate sized packages that will boost performance needed for artificial intelligence applications.
Musk's Neuralink could fetch $8.5 billion valuation, Bloomberg News reports
Published: April 23, 2025 17:55
Elon Musk's brain implant company Neuralink is planning to raise about $500 million at a pre-money valuation of $8.5 billion, Bloomberg News reported on Wednesday, citing people with knowledge of the matter.
New Jersey sues RealPage, says collusion with landlords drives up rents
Published: April 23, 2025 16:33
New Jersey sued the property management software company RealPage, accusing it and 10 of the state's largest landlords of conspiring to drive up residential rents, violating federal and state antitrust laws and New Jersey consumer fraud laws.
Meta opens Threads to advertisers globally
https://www.reuters.com/business/media-telecom/meta-opens-threads-advertisers-globally-2025-04-23/
Published: April 23, 2025 16:27
Meta Platforms said on Wednesday it is expanding advertising on its social network Threads to all eligible advertisers globally, as it looks to generate new revenue streams amid brand uncertainty over tariffs.
Worldline postpones earnings guidance as CEO works on new strategy
Published: April 23, 2025 16:04
French digital payments company Worldline will postpone its annual financial outlook update until July, it said on Wednesday, citing its new management and increased global economic volatility.
Explainer: What happens to Apple and Meta after the EU fine?
Published: April 23, 2025 15:42
European Union antitrust regulators on Wednesday fined Apple AAPL.O 500 million euros ($570 million) and Meta 200 million euros to make the companies comply with the Digital Markets Act, which seeks to allow smaller rivals into markets dominated by the…
Meta expands AI access on Ray-Ban smart glasses in Europe
https://www.reuters.com/business/meta-expands-ai-access-ray-ban-smart-glasses-europe-2025-04-23/
Published: April 23, 2025 14:11
Meta Platforms said on Wednesday it is expanding access to its artificial intelligence assistant, Meta AI, on Ray-Ban smart glasses to seven additional European countries.
SoftBank-backed consortium partners with Cantor SPAC for $3.6 billion crypto venture
Published: April 23, 2025 13:39
A consortium including Japanese technology investor SoftBank Group on Wednesday joined hands with a blank-check firm backed by boutique bank Cantor Fitzgerald to launch a bitcoin investment vehicle, Twenty One Capital.
LTIMindtree's quarterly revenue marginally misses expectations on weak healthcare segment
Published: April 23, 2025 13:28
India's No.6 software services exporter LTIMindtree on Wednesday marginally missed quarterly earnings estimates due to a revenue decline in its healthcare and consumer segments.
Amphenol forecasts robust quarter on growing electronics tools demand, shares surge
Published: April 23, 2025 13:06
Electronics equipment maker Amphenol forecast second quarter results above Wall Street estimates on Wednesday, betting on growing demand in data communications and defense markets.
Complaints about ransomware attacks on US infrastructure rise 9%, FBI says
Published: April 23, 2025 13:05
Ransomware was the most pervasive cyber threat to critical infrastructure in 2024 as complaints regarding such attacks jumped 9% over 2023, the FBI said on Wednesday.
Nintendo says cannot meet Switch 2 lottery demand in Japan
https://www.reuters.com/business/nintendo-says-cannot-meet-switch-2-lottery-demand-japan-2025-04-23/
Published: April 23, 2025 12:58
Nintendo said on Wednesday it has received 2.2 million applications in the lottery for its Switch 2 gaming device in Japan but cannot fulfil all the demand.
Security startup Chainguard hits $3.5 billion valuation after fundraise
Published: April 23, 2025 12:48
Computer and cloud security startup Chainguard fetched a valuation of $3.5 billion in its latest funding round, underscoring the robust demand for digital infrastructure among venture capitalists.
French media companies sue Meta over business practices
Published: April 23, 2025 12:32
French media companies, including TF1 , France TV and BFM TV, are suing Facebook owner Meta over what they say are unlawful business practices, law firms representing them said.
Meta, Apple fined 700 million euros for violating EU antitrust rules
Published: April 23, 2025 12:23
European Union regulators on Wednesday imposed fines on Apple and Meta totalling 700 million euros ($877 million) for violating new antitrust rules, the first sanctions under landmark legislation aimed at curbing Big Tech's power.
FBI says cybercrime costs rose to at least $16 billion in 2024
https://www.reuters.com/world/us/fbi-says-cybercrime-costs-rose-least-16-billion-2024-2025-04-23/
Published: April 23, 2025 12:20
Cybercrime of all stripes cost victims globally more than $16 billion dollars last year, the Federal Bureau of Investigation said in a report released on Wednesday.
Teledyne tops quarterly results on sustained demand for defense products
Published: April 23, 2025 11:25
U.S. defense firm Teledyne Technologies topped expectations for first-quarter profit and revenue on Wednesday, aided by sustained demand for its target detection sensors and electronic components used in aerospace and defense.
TE Connectivity tops second-quarter profit estimates on improved margins
Published: April 23, 2025 11:15
TE Connectivity reported better-than-expected profit in the second quarter on Wednesday and forecast upbeat revenue for the current quarter, on the back of improved operating margin at its industrial solutions unit.
Google, X next targets as Europe stays tough on tech regulation
Published: April 23, 2025 10:40
Alphabet's Google and Elon Musk's X may be the next to face fines from European regulators, as they stay tough on Big Tech despite concerns of retaliatory U.S. tariffs, according to three sources with direct knowledge of the matter.
AT&T leans on bundled plans to beat estimates for subscriber additions
Published: April 23, 2025 10:36
AT&T beat Wall Street estimates for wireless subscriber additions in the first quarter on Wednesday, driven by steady demand for its plans that bundled high-speed fiber services and 5G mobile offerings.
AI boom under threat from tariffs, global economic turmoil
Published: April 23, 2025 10:34
Corporate America's artificial intelligence investment frenzy has shrugged off fears of slow returns and doubts fueled by AI models built cheaply by China's DeepSeek. But a global trade war started by the Trump administration threatens to stall the boom…
Temenos catching up on deals delayed by Trump tariffs uncertainty, CFO says
Published: April 23, 2025 10:25
Swiss banking software company Temenos had some deals delayed last month because of U.S. President Donald Trump's April 2 tariff announcement, but they were coming through now and the group's U.S. growth plans were on track, its finance chief said on…
Apple fined $570 million and Meta $228 million for breach of EU law
Published: April 23, 2025 09:47
Apple was fined 500 million euros ($570 million) on Wednesday and Meta 200 million euros, as European Union antitrust regulators handed out the first sanctions under landmark legislation aimed at curbing the power of Big Tech.
Check Point Software Q1 profit, revenue top estimates
https://www.reuters.com/technology/check-point-software-q1-profit-revenue-top-estimates-2025-04-23/
Published: April 23, 2025 09:22
Check Point Software Technologies beat first-quarter profit expectations, boosted by sales gains in its AI-driven products to protect corporate networks from cyber threats.
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