By Bernard Orr and Eduardo Baptista (Reuters) – China has intensified efforts to clean up the internet from false news and rumours, closing more than 100,000 online accounts over the past month that misrepresented news anchors and media agencies, its cyberspace regulator said. The Cyberspace Administration of China (CAC) launched a special campaign to clean…
By Jody Godoy (Reuters) – Theranos founder Elizabeth Holmes will begin serving her prison sentence on May 30 for defrauding investors in the failed blood-testing startup once valued at $9 billion. U.S. District Judge Edward Davila set the date on Wednesday for Holmes, 39, to begin serving 11 years and three months in prison. Holmes…
By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Broadcom has offered interoperability remedies in an effort to address European Union antitrust concerns over its $61 billion VMware bid, people familiar with the matter said. Broadcom submitted its proposal on Tuesday, a European Commission filing showed. The EU competition enforcer, which did not provide details…
(Reuters) – BlackBerry Ltd on Wednesday forecast as much as 54% jump in 2026 sales from current year on the back of growth in its cybersecurity business, sending shares up 5%. The security software and services provider expects 2026 revenue to be between $880 million and $960 million. “Gross margin for the Cybersecurity business unit…
By Luc Cohen NEW YORK (Reuters) – FTX founder Sam Bankman-Fried is hoping a recent Supreme Court decision limiting the scope of fraud prosecutions will bolster his defense as he fights charges stemming from the collapse of his cryptocurrency exchange. But legal experts said Bankman-Fried’s odds of getting the charges dismissed remain slim. On May…
By Anna Tong (Reuters) – The swift growth of artificial intelligence technology could put the future of humanity at risk, according to most Americans surveyed in a Reuters/Ipsos poll published on Wednesday. More than two-thirds of Americans are concerned about the negative effects of AI and 61% believe it could threaten civilization. Since OpenAI’s ChatGPT…
By Foo Yun Chee and Padraic Halpin (Reuters) – Meta Platforms Inc is set to face a record European Union privacy fine related to data transfer of Facebook’s EU users to U.S. servers for failing to comply with a warning by a top EU court, two sources familiar with the matter said. The penalty will…
By Dietrich Knauth NEW YORK (Reuters) – A lawyer for Celsius Network on Wednesday said the crypto lender hopes to conclude an auction for its assets within days and the current lead bidder is Fahrenheit LLC, a consortium that includes blockchain-based venture capital firm Arrington Capital, at a U.S. bankruptcy court hearing in Manhattan. Celsius…
By Josh Ye HONG KONG (Reuters) -China’s Tencent Holdings Ltd marked a return to revenue growth in the first quarter as it recovered from COVID-19-related disruptions and China’s crackdown on video games a year earlier. The world’s largest video game company and operator of the WeChat messaging platform on Wednesday posted an 11% rise in…
By Josh Ye HONG KONG (Reuters) -Chinese internet giant Tencent Holdings is cutting prices for cloud services by up to 40% from June amid similar moves from rivals that have plunged the sector into a price war. The fierce competition comes amid soft corporate demand, with the Chinese economy in the midst of a wobbly…
