(Reuters) – Accenture said on Tuesday it will invest $3 billion over three years into its data and AI practice, doubling the number of employees that are working with the cutting-edge technology at the IT consulting firm. The company, which consults and services various clients on generative AI projects, said it will have 80,000 people […]
Nasdaq to buy fintech firm Adenza for $10.5 billion, rattling some investors
Reuters | June 12, 2023
By Manya Saini, Anirban Sen and John McCrank (Reuters) -Nasdaq on Monday agreed to buy Thoma Bravo-owned software firm Adenza for $10.5 billion, with the exchange operator’s biggest-ever deal broadening its financial technology footprint but giving shareholders a case of sticker shock. Adenza’s risk management and regulatory software is primarily used by banks and brokerages […]
Instagram, YouTube, TikTok, Twitter target of EU crypto advertising complaint
Reuters | June 9, 2023
By Foo Yun Chee BRUSSELS (Reuters) – Meta Platforms’ Instagram, Alphabet’s YouTube, TikTok and Twitter could face regulatory action after European consumer group BEUC complained to the European Commission and consumer authorities that the online platforms allegedly facilitate the misleading promotion of crypto assets. U.S. regulators suing crypto platforms Coinbase and Binance, along with last […]
Apple to sell Vision Pro AR headset for triple Meta’s top-line price
Reuters | June 6, 2023
By Stephen Nellis CUPERTINO, California (Reuters) -Apple on Monday unveiled a costly augmented-reality headset called the Vision Pro in its riskiest bet since the introduction of the iPhone more than a decade ago, barging into a market dominated by Meta. At its annual developer conference, Apple also introduced a raft of new products and features, […]
J&J secures dismissal of whistleblower case over misuse of confidential info
Reuters | June 2, 2023
By Brendan Pierson (Reuters) – A federal appeals court, in a decision unsealed Wednesday, upheld the dismissal of a whistleblower lawsuit against Johnson & Johnson as a sanction for the plaintiffs’ misuse of confidential records they obtained through related litigation. The lawsuit, which accused J&J’s DePuy Orthopaedics unit of defrauding the federal government by marketing […]
AI means everyone can now be a programmer, Nvidia chief says
Reuters | May 29, 2023
TAIPEI (Reuters) – Artificial intelligence means everyone can now be a computer programmer as all they need to do is speak to the computer, Nvidia Corp CEO Jensen Huang said on Monday, hailing the end of the “digital divide”. Nvidia has surged to become the world’s most valuable listed semiconductor company as a major supplier […]
U.S. warns China could hack infrastructure, including pipelines, rail systems
Reuters | May 26, 2023
By Raphael Satter, Zeba Siddiqui and James Pearson (Reuters) -The U.S. State Department warned on Thursday that China was capable of launching cyber attacks against critical infrastructure, including oil and gas pipelines and rail systems, after researchers discovered a Chinese hacking group had been spying on such networks. A multi-nation alert issued Wednesday revealed the […]
Meta sells Giphy to Shutterstock to comply with UK regulator order
Reuters | May 23, 2023
(Reuters) -Shutterstock Inc said on Tuesday it would buy animated-images platform Giphy Inc from Meta Platforms Inc for $53 million in cash, months after the Facebook owner had agreed to divest the company on competition concerns. Britain’s competition regulator last year ordered Meta to sell Giphy over fears that it could deny or limit competitors […]
Microsoft signs power purchase deal with nuclear fusion company Helion
Reuters | May 10, 2023
By Timothy Gardner WASHINGTON (Reuters) -Private U.S. nuclear fusion company Helion Energy will provide Microsoft with electricity in about five years, the companies said on Wednesday, in the first such deal for the power source that fuels the sun but has been elusive on Earth. Government labs and more than 30 companies are racing to […]
Fisker cuts production forecast as challenges mount for EV startups
Reuters | May 9, 2023
(Reuters) -Fisker Inc lowered its 2023 production target on Tuesday, the latest sign that U.S. electric-vehicle startups were struggling to ramp up output in the face of supply chain constraints, easing demand and a tight cash position. Shares of the company slumped 12% in premarket trading. The results follow weak earnings and a production outlook […]