Latest
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Technology
TSMC Q1 profit rises 9%, beats market expectations
TAIPEI (Reuters) - Taiwanese chipmaker TSMC posted a 9% rise in first-quarter net profit on Thursday that beat market expectations as it rides a wave of demand for semiconductors used in artificial intelligence applications.
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Social media
EU watchdog: Meta shouldn’t force users to pay for data protection
Facebook owner Meta and other online platforms must not force users to pay for the right to data protection enshrined in EU law when offering ad-free subscriptions, the European data regulator said Wednesday.
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Technology
Nokia sees stronger H2 after Q1 comparable profit grows less than expected
(Reuters) -Finnish telecom gear maker Nokia reported on Thursday a smaller rise than expected in first-quarter comparable operating profit as sales tumbled when operators reduced spending on 5G technology.
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Social media
US student hospitalised after trying dangerous TikTok ‘blackout challenge’
School officials in New Jersey warned parents on April 17 to talk to their kids about the persistent, dangerous and sometimes deadly TikTok “blackout challenge” after an attempt sent a student to the hospital.
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Technology
Layoff whiplash scars workers who find new jobs only to lose them
Unlike previous cycles, when employers might do one big layoff, lately employers have done multiple rounds of cuts, and certain sectors like recruitment and marketing have been hit particularly hard. That’s left some workers on edge, with an increasing share of jobseekers saying it’s likely they’ll get laid off from their current or new job in the next six months, according to ZipRecruiter Inc.
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Mobile apps
European Union questions TikTok on new app that pays users for watching
European Union regulators said on April 17 they’re seeking details from TikTok on a new app from the video sharing platform that pays users to watch videos.
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Internet
Man watches RM119,000, woman disappear in online dating scam, US police say
A local man lost US$25,000 (RM119,387) in a scheme originating on an online dating site, police said.
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Technology
Walmart-backed Ibotta targets up to $2.7 billion valuation in US IPO
(Reuters) - Walmart-backed digital marketing company Ibotta will likely raise $577.3 million at a valuation of $2.67 billion, after pricing its initial public offering on Wednesday.
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e-Hailing
Uber is helping investigators look into account that sent driver to US home where she was killed
Uber is helping investigators look into an account that sent a driver to the Ohio home where an 81-year-old man allegedly shot the woman to death because he erroneously believed she was part of a scam that targeted him, the ride-hailing company said on April 17.
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AI
AI computing is on pace to consume more energy than India, Arm says
AI’s voracious need for computing power is threatening to overwhelm energy sources, requiring the industry to change its approach to the technology, according to Arm Holdings Plc Chief Executive Officer Rene Haas.
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AI
The quick, cheap, easy process of building an AI-generated disinformation website
For just over a hundred dollars and in just two days, an American journalist managed to set up a fully automated political disinformation website, capable of publishing dozens of fake news stories a day. His experience sheds light on an issue that could prove particularly problematic during election campaigns.
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Technology
TSMC expects Q2 sales to jump on 'insatiable' AI demand
TAIPEI (Reuters) -TSMC, the world's largest chipmaker and a major Apple and Nvidia supplier, forecast second-quarter sales may rise as much as 30% as it rides a wave of demand for semiconductors used in artificial intelligence (AI) applications.
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Technology
Oracle to invest over $8 billion in Japan in cloud computing, AI
(Reuters) -Oracle said on Wednesday it will invest more than $8 billion over the next 10 years to meet demand for cloud computing and AI infrastructure in Japan.
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Technology
First law protecting consumers' brainwaves signed by Colorado governor
(Reuters) - Colorado Governor Jared Polis on Wednesday signed into law the first measure passed in the U.S. that aims to protect the data found in a person's brainwaves.
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Technology
Microsoft finds Russian influence operations targeting U.S. election have begun
SAN FRANCISCO (Reuters) - Microsoft said on Wednesday that Russian online campaigns to influence the upcoming U.S. presidential election kicked into gear over the past 45 days, but at a slower pace than in past elections.
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Technology
Micron set to get $6 billion in chip grants from US, Bloomberg reports
(Reuters) - Micron Technology Inc is set to get more than $6 billion in grants from the U.S. Commerce Department to help pay for domestic chip factory projects, Bloomberg News reported on Wednesday.
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Technology
New Cadence supercomputers aim to speed creation of chips, software
(Reuters) - Cadence Design Systems on Wednesday introduced the latest version of supercomputer based around a custom computing chip designed to speed up the creation of other computing chips and the software that will run on them.
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Technology
Fintech Revolut bets on Mexico growth, expects remittances as driver
MEXICO CITY (Reuters) -Financial technology company Revolut expects strong growth prospects in Mexico where it aims to dedicate more than $100 million this year, the firm's top local executive told Reuters, as it looks to take advantage of historic remittance flows.
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Technology
Google lays off employees, shifts some roles abroad amid cost cuts
(Reuters) - Alphabet-owned Google is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the latest cuts at the technology giant as it cracks down on costs.
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Technology
Microsoft-OpenAI deal set to dodge formal EU merger probe, sources say
(Reuters) -EU antitrust regulators have concluded that Microsoft's $13 billion investment into OpenAI is not an acquisition, sources familiar with the matter said on Wednesday, signaling the deal will avoid a formal European probe that could have led to onerous remedies for the U.S. tech giant.