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Technology

FCC proposes fining Chinese video doorbell manufacturer after security concerns raised

WASHINGTON (Reuters) -The Federal Communications Commission on Thursday proposed to fine Chinese-based video doorbell manufacturer Eken nearly $735,000 for providing false information and after security concerns were raised.

Technology

Snap seeks to dismiss New Mexico lawsuit over child safety

(Reuters) - Snap on Thursday filed a motion to dismiss a New Mexico lawsuit that alleged the tech company enabled child sexual exploitation on its messaging app Snapchat, arguing there were inaccuracies to the state's investigation.

Technology

Crypto industry jockeys for seats at Trump's promised council

(Reuters) -A slew of crypto companies including Ripple, Kraken and Circle are jostling for a seat on President-elect Donald Trump's promised crypto advisory council, seeking a say in his planned overhaul of U.S. policy, according to several digital asset industry executives.

Technology

Reddit back up after latest outage impacts thousands of users

(Reuters) - Reddit has resolved a problem with its website, the social media company said on Thursday, after an outage impacted thousands of users for about an hour.

Technology

Massachusetts student's punishment for AI use can stand, US judge rules

BOSTON (Reuters) - A federal judge has rejected a bid by the parents of a Massachusetts high school senior to force his school to expunge his disciplinary record and raise his history class grade after officials accused him of using an artificial intelligence program to cheat on a class assignment.

Technology

Exclusive-Amazon likely to face investigation under EU tech rules next year, sources say

BRUSSELS (Reuters) -Amazon will likely face an EU investigation next year into whether it favours its own brand products on its online marketplace as European antitrust regulators build up a case under landmark rules, people with direct knowledge of the matter said.

Technology

US natgas producers chase AI-driven surge in power demand to weather low prices

(Reuters) - Shale gas producers in the U.S. Permian Basin are sounding out data-center operators building up capacity to power a boom in AI applications, aiming to ease the pressure from a nearly two-year slump in the prices of the commodity.

Technology

Snowflake shares surge on rosy forecast, AI deal with Anthropic

(Reuters) -Snowflake's shares surged more than 28% on Thursday after the data analytics provider raised its annual product revenue forecast, signaling growing demand for cloud-based data storage and analytics.

Technology

Digital banks lead profitability gains among Brazilian lenders, says central bank

BRASILIA (Reuters) -Brazilian banks' profitability improved in the first half of this year, led by digital banks, and net interest income and service revenues should continue to rise in the second half, the central bank said on Thursday.

Technology

PayPal fixes outage that affected thousands worldwide

(Reuters) -Payments firm PayPal said on Thursday it had resolved an issue that led to a global outage affecting thousands of users for nearly two hours.

Technology

X's former top policy chief takes job with Elon Musk rival, Sam Altman

NEW YORK (Reuters) - Nick Pickles, the former head of global affairs at Elon Musk's social media platform X, is joining forces with one of Musk's rivals, his fellow OpenAI co-founder Sam Altman.

Technology

Alibaba integrates e-commerce platforms into a single business unit

SHANGHAI (Reuters) - Alibaba Group will integrate all of its e-commerce platforms into a single business unit to be called the Alibaba E-commerce Business Group, it said in a stock exchange filing on Thursday.

Technology

US watchdog issues final rule to supervise Big Tech payments, digital wallets

(Reuters) - Silicon Valley tech giants and others who together process more than 13 billion financial transactions annually through digital wallets and payment apps will be subject to government supervision, the U.S. Consumer Financial Protection Bureau said.

Technology

Nvidia to build AI school in Indonesia, VP says

JAKARTA (Reuters) - U.S. chipmaker Nvidia plans to invest in several cities in Indonesia, including building a school focusing on artificial intelligence in Central Java province, the country's vice president said on Thursday.

Operating systems

A Google PC running Android could be in the works

A new rumor points to the release of a high-end laptop running Google's Android operating system, coming in 2025. This could mean that the firm may one day offer smartphones, tablets and PCs all running the same operating system, making life easier for users.

Technology

Factbox-US prosecutors demand Google divest Chrome to end search monopoly

(Reuters) - U.S. prosecutors on Wednesday argued to a judge that Google must sell its Chrome browser, share data, and search results with rivals, and take a range of other measures to end its monopoly on online search.

Technology

South Korea's AI chip investor announces plan for share buybacks

SEOUL (Reuters) - SK Square, the holding company of SK Hynix, a maker of artificial intelligence chips, on Thursday announced a plan to buy back shares and nominate an independent director as part of efforts to boost shareholder value.

Social media

Australian eyes US$30mil fine for social media flouting under-16s ban

Australia is among the vanguard of nations trying to clean up social media, and the proposed age limit would be among the world's strictest measures aimed at children.

Internet

US govt calls for breakup of Google and Chrome

The US government late Wednesday asked a judge to order the dismantling of Google by selling its widely used Chrome browser in a major antitrust crackdown on the internet giant.

Technology

Musk outlines plans for mass cuts as Trump 'efficiency' czar

The Tesla and SpaceX CEO, who also owns the X social media platform, said that he and Vivek Ramaswamy, a fellow businessman and Trump loyalist, would work to slash federal regulations and make major administrative changes.