By Katie Paul and Stephen Nellis NEW YORK (Reuters) -Meta Platforms on Thursday shared new details on its data center projects to better support artificial intelligence work, including a custom chip “family” being developed in-house. The Facebook and Instagram owner said in a series of blog posts that it designed a first-generation chip in 2020…
(Reuters) -Chip tools maker Applied Materials Inc forecast third-quarter revenue above market estimates on Thursday, as chipmakers expand production plans to meet a global shortage felt by electronics and auto manufacturers. Even though consumer-driven markets, including PCs and smartphones remain weak, demand from artificial intelligence and automotive sectors is giving Applied Materials the much-needed boost…
By Dietrich Knauth NEW YORK (Reuters) – Bankrupt crypto exchange FTX is seeking to claw back more than $240 million it paid for stock trading platform Embed, saying former FTX insiders did no investigation before buying the essentially worthless bug-ridden software platform. FTX filed three lawsuits late Wednesday in U.S. Bankruptcy Court in Delaware targeting…
By Jonathan Stempel (Reuters) – Google will pay Washington state $39.9 million to resolve a lawsuit accusing the Alphabet Inc unit of misleading consumers about its location tracking practices, state Attorney General Bob Ferguson said on Thursday. The settlement resolves claims that Google deceived people into believing they controlled how the search and advertising company…
By Aishwarya Venugopal (Reuters) – Lower input costs and inventories, as well as extended price hikes are pushing a quicker-than-expected recovery in margins at U.S. consumer-facing firms including PepsiCo, Kraft Heinz, and Target, their recent earnings reports indicated. Investors have zeroed in on gross margins, that faltered in the past several quarters, as high inflation…
(Reuters) -OpenAI, the company behind the ChatGPT chatbot, said on Thursday it is introducing the ChatGPT app for Apple’s iOS. The ChatGPT app is free to use and would sync history across devices, OpenAI said. “ChatGPT Plus subscribers get exclusive access to GPT-4’s capabilities, early access to features and faster response times, all on iOS,”…
By Andrew Chung (Reuters) – The U.S. Supreme Court on Thursday sidestepped a challenge to federal protections for internet and social media companies that free them of liability for content posted by users in a case involving a lawsuit against Google LLC involving the practices of video-sharing platform YouTube. The justices, in a brief and…
By Tiyashi Datta and Aditya Soni (Reuters) – Popular titles from Electronic Arts-owned “FIFA” to Activision Blizzard’s “Call of Duty” are propping up sales for U.S. videogame publishers in a turbulent economy, quelling concerns that a looming recession may impede growth. Take-Two Interactive Software Inc on Wednesday rounded off a strong March quarter for the…
(Reuters) – Russia’s finance ministry on Thursday outlined proposals to tax people working remotely from abroad for Russian companies at the standard income tax rate even if they lose their tax residency, as Moscow looks for ways to maximise revenues. Hundreds of thousands of Russians have fled since Moscow invaded Ukraine on Feb. 24, 2022,…
TOKYO (Reuters) – A lack of resources means battery electric vehicles (BEV) cannot be the auto sector’s only answer to climate change, Toyota Motor Corp’s top scientist said Thursday, warning that focusing on BEVs could lead some drivers to hold onto polluting vehicles. Some investors and environmental groups have long criticised Toyota for being slow…
