By John McCrank and Michelle Price WASHINGTON (Reuters) – Partnering with Coinbase Global may hinder rather than help Nasdaq’s bid to win regulatory approval for a bitcoin exchange-traded-fund it wants to launch with BlackRock. Nasdaq last month filed a proposal with the U.S. Securities and Exchange Commission (SEC) to launch an ETF by BlackRock that…
By Kanishka Singh and Anna Tong WASHINGTON (Reuters) -Billionaire Elon Musk said on Wednesday he thinks China is interested in a cooperative international framework on artificial intelligence, from conversations he had when he visited a few weeks ago. Musk made the remarks in a Twitter Space event with two U.S. congressmen, Democrat Ro Khanna and…
By Ananya Mariam Rajesh, Granth Vanaik and Arriana McLymore (Reuters) -Amazon.com’s Prime Day two-day shopping event saw U.S. online sales rise nearly 6% to $6.4 billion from a year ago on its first day, as heavy discounts lured bargain-hunting customers who splurged on appliances and toys, Adobe Analytics data on Wednesday showed. U.S. shoppers have…
By Diane Bartz WASHINGTON (Reuters) -The U.S. Federal Trade Commission (FTC) said on Wednesday it was appealing a federal judge’s ruling that Microsoft could go forward with its $69 billion purchase of “Call of Duty” maker Activision Blizzard. Microsoft’s victory in court on Tuesday, and a subsequent climbdown by Britain’s competition authority, brought the tech…
By Sheila Dang AUSTIN (Reuters) – Rapid advancements in artificial intelligence have the potential to exacerbate societal problems and even pose an existential threat to human life, increasing the need for global regulation, AI experts told the Reuters MOMENTUM conference this week. The explosion of generative AI – which can create text, photos and videos…
By James Pearson and Christopher Bing WASHINGTON/LONDON (Reuters) – Chinese state-linked hackers since May have secretly accessed email accounts at around 25 organizations, including at least two U.S. government agencies, Microsoft and U.S. officials said on Wednesday. The United States detected a breach of federal government accounts “fairly rapidly” and managed to prevent further breaches,…
By Foo Yun Chee BRUSSELS (Reuters) – Facebook owner Meta will contest EU antitrust charges at a closed hearing on Thursday in a bid to stave off a possible hefty fine after regulators charged it with tying its classified advertisements service to its social network, people familiar with the matter said. The European Commission sent…
By Xie Yu and Summer Zhen HONG KONG (Reuters) -Rather than spur a relief rally in China’s battered tech sector, the past week’s developments at Jack Ma-founded Ant Group have merely reminded global investors of the fickle nature of the country’s regulatory policies and the fragility of the sector. The initial market reaction when China…
By Raphael Satter WASHINGTON (Reuters) – The Biden administration’s nominee to lead the National Security Agency (NSA) says he will champion the mass surveillance power that has been used to collect data from foreigners and Americans alike and which has come under renewed scrutiny from lawmakers. Efforts to renew the spy power, known as Section…
By Clark Mindock (Reuters) – A U.S. appeals court on Wednesday temporarily blocked a Biden administration plan to improve cybersecurity for public water systems, after Republican-led states complained it would thrust burdensome costs on small and rural water suppliers. The 8th U.S. Circuit Court of Appeals in St. Louis issued a stay temporarily suspending the…
