News
Meta debuts Muse Spark 1. 1 model with preview open to developers
3+ hour, 14+ min ago (408+ words) By Harshita Mary Varghese and Katie Paul July 9 (Reuters) " Meta Platforms on Thursday released long-awaited developer access to its Muse Spark AI alongside an upgraded version, pitting it directly against the business models of Anthropic and "Open AI in charging…...
Big Tech joins Calgary Stampede oil bash, as Canada courts data centers
1+ day, 6+ hour ago (412+ words) CALGARY, July 8 (Reuters) " Big Tech has joined the party at the Calgary Stampede, a sign of growing interest in Canada from U. S. -based hyperscalers as the province of Alberta courts data center development. Oil "and gas companies typically take center stage…...
Apple to spend $30 billion in Broadcom chips deal that will see Colorado factory expand
1+ day, 7+ hour ago (226+ words) SAN FRANCISCO, July 8 (Reuters) " Apple plans to spend more than $30 billion as part of a chip-supply agreement "reached earlier this week with Broadcom "that will also see the chipmaker expand a factory in Colorado, the companies said on Wednesday. Broadcom…...
EU court rejects Apple's challenge against EU rules reining in Big Tech
1+ day, 9+ hour ago (211+ words) BRUSSELS, July 8 (Reuters) " Europe's second-highest court on Wednesday dismissed Apple's challenge against landmark EU rules labelling its "app stores and operating system "i OS as gatekeepers subject to strict obligations. "The General Court dismisses Apple's actions regarding its designation as…...
Big Tech data centers are driving up power bills at America's Rust Belt factories
2+ day, 5+ hour ago (1144+ words) NEW YORK, July 7 (Reuters) " For years, electricity costs for the Belden Brick Company in Sugarcreek, Ohio, had been relatively stable. Last year, they surged by 90% " largely because of rising power demand from data centers in the region. The 141-year-old brick…...
Amazon aims to raise $25 billion from bond sale, Bloomberg News reports
2+ day, 3+ hour ago (330+ words) July 7 (Reuters) " Amazon. com is looking to raise at least $25 billion through a U. S. dollar bond sale, Bloomberg News reported on Tuesday, in the company's latest push to "fund its hefty AI investments. Tech companies have been "tapping debt markets and…...
Synopsys to cut chip fab manufacturing control software in shift to AI design, sources say
2+ day, 11+ hour ago (616+ words) By Cynthia Kim and Hyunjoo Jin SEOUL, July 7 (Reuters) " U. S. chip design giant Synopsys plans to stop offering a suite of manufacturing process control software used by global semiconductor makers, six sources briefed on the matter said, as it seeks to…...
Microsoft joins AI-driven tech layoff wave with 4, 800 job cuts
3+ day, 3+ hour ago (552+ words) July 6 (Reuters) " Microsoft is cutting about 2. 1% of its workforce, or roughly 4, 800 jobs, as the Windows maker restructures parts of its commercial and Xbox businesses, joining other tech titans in a wave of layoffs as they shift investments towards AI infrastructure....
South Korea's SK Hynix to launch $28 billion US listing to ride global AI wave
3+ day, 15+ hour ago (500+ words) July 6 (Reuters) " South Korean chipmaker SK Hynix will launch a U. S. listing on Monday to raise about $28 billion, according to regulatory filings, as it capitalises on the global AI boom in one of the world's largest new share sales. The company…...
Researchers say EU lawmaker who investigated surveillance was hacked by Israeli spyware
5+ day, 23+ hour ago (571+ words) July 3 (Reuters) " A former member of the European Parliament who served on a committee investigating abusive surveillance was himself hacked using an Israeli-made spy tool, a Canadian tech watchdog group said on Friday. Citizen Lab said in a report that…...