Latest
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Streaming
Gen Z and Millennials spend more on streaming than older generations
While older generations spend an average of US$45 a month on streaming services, Gen Z and Millennials spend over US$10 more. Nevertheless, more than half of these younger users believe they spend too much on streaming services.
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Technology
Netflix to stop reporting subscriber tally as streaming wars cool
LOS ANGELES (Reuters) -Netflix on Thursday unexpectedly announced that it will stop reporting subscriber numbers each quarter, a decision seen as a sign that years of customer gains in the streaming wars are coming to an end.
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Technology
Google consolidates its DeepMind and Research teams amid AI push
(Reuters) - Alphabet-owned Google said on Thursday it would consolidate teams that focus on building artificial intelligence models across its Research and DeepMind divisions in its latest push to develop its AI portfolio. Google will relocate its Responsible AI teams - which focuses on safe AI development - from Research to DeepMind so that they are closer to where AI models are built and scaled, the company said in a blog post. The move comes amid growing global concerns about AI safety and increasing calls for regulation of the technology. The DeepMind team helped develop Google's most advanced artificial intelligence model, Gemini, which was unveiled late last year and can crunch different forms of information such as video, audio and text. While the rollout of Gemini helped boost Alphabet's share price, it came under fire after inaccuracies in some historical image generation depictions. Google then paused its image generation capabilities.
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Technology
US power, tech companies lament snags in meeting AI energy needs
NEW YORK (Reuters) - U.S. electrical systems are not expanding fast enough to meet rapidly growing power needs of technology like Generative AI, prompting data center businesses to sometimes bypass utilities, executives said at an energy conference this week.
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Technology
Meta releases early versions of its Llama 3 AI model
NEW YORK (Reuters) -Meta Platforms on Thursday released early versions of its latest large language model, Llama 3, and an image generator that updates pictures in real time while users type prompts, as it races to catch up to generative AI market leader OpenAI.
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Technology
Exclusive-Microsoft's OpenAI partnership could face EU antitrust probe, sources say
BRUSSELS (Reuters) -Microsoft's $13 billion investment in OpenAI could face an EU antitrust investigation as regulators are building the case for such a move, people familiar with the matter said on Thursday.
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Technology
Seeking edge over rivals, Intel first to assemble ASML's next-gen chip tool
AMSTERDAM (Reuters) - Intel said on Thursday it had become the first company to assemble one of Dutch tech group ASML's new "High NA EUV" lithography tools, an important part of the U.S. computer chip maker's drive to outshine rivals.
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Technology
TSMC estimates losses of $92.4 million due to Taiwan earthquake
BEIJING (Reuters) - Taiwan chipmaker TSMC said the biggest earthquake in at least 25 years that struck the island on April 3 caused estimated losses of T$3 billion ($92.44 million) to the company in the second quarter.
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Technology
Exclusive-Northrop Grumman working with Musk's SpaceX on U.S. spy satellite system
WASHINGTON (Reuters) - Aerospace and defense company Northrop Grumman is working with SpaceX, the space venture of billionaire entrepreneur Elon Musk, on a classified spy satellite project already capturing high-resolution imagery of the Earth, according to people familiar with the program.
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Technology
Binance working closely with Nigeria authorities to resolve exec's detention, CEO says
DUBAI (Reuters) - The CEO of cryptocurrency exchange Binance said on Thursday the company is working very closely with Nigerian authorities following the detention of its head of financial crime compliance.
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Technology
Critics of India's Modi migrate online as mainstream media stays deferential
NEW DELHI (Reuters) - There's scarcely any critical evaluation of Prime Minister Narendra Modi on India's mainstream television channels and most newspapers as the world's most populous nation heads toward a general election that begins on Friday.
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Internet
3,000-member revenge porn group had underage victims, US officials say. Creator arrested
Police have arrested the creator of a revenge porn group that contained victims from the Rio Grande Valley, Texas officials said.
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Smartphones
Huawei unveils new phone lineup to ramp up the pressure on Apple
Huawei Technologies Co released its latest series of smartphones on April 18, sustaining its momentum after the breakthrough Mate 60 device helped erode Apple Inc’s dominance in China’s high-end segment.
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Technology
Binance obtains Dubai licence to target retail clients
DUBAI (Reuters) - Cryptocurrency exchange Binance said on Thursday it had secured a licence from Dubai's regulator VARA that will allow the platform to target retail clients in addition to qualified and institutional ones.
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Gadgets
Parents find camera disguised as phone charger in girl’s room, US cops say. Man charged
The discovery of a hidden camera in an underage girl’s bedroom led to the arrest of a Michigan man whose cellphone contained 294 “graphic images” of child pornography, authorities said.
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Data breach
What to do if your personal info has been exposed in a data breach
Data breaches like the recent one involving millions of AT&T customers are becoming an almost regular occurrence.
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AI
AI-generated child pornography is circulating. This US prosecutor wants to make it illegal.
After several reports of artificial intelligence-generated child pornography surfaced in California, Ventura County Dist. Atty. Erik Nasarenko advocated for a change to state law to protect children who are increasingly vulnerable to this misuse of technology.
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Internet
Study links excessive Internet use to teen school absence risk
From TV and games consoles to smartphones and computers, parents and specialists are worried about the effects of screens on young people's cognition, behavior and well-being. A Finnish study published in the journal Archives of Disease in Childhood will do nothing to reassure them, since it highlights the impact of excessive internet use on school attendance.
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Technology
Apple plans to invest more than $250 million to expand Singapore campus
SINGAPORE (Reuters) - Apple Inc plans to invest more than $250 million to expand its regional campus or operations in Ang Mo Kio, Singapore, according to a company statement dated April 17.
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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.