(Reuters) -Alphabet-owned Google on Tuesday said it is cutting jobs at mapping app Waze as it merges the app’s advertising system with Google Ads technology, without giving details on the number of layoffs. “In order to create a better, more seamless long-term experience for Waze advertisers, we’ve begun transitioning Waze’s existing advertising system to Google…
By Luc Cohen NEW YORK (Reuters) -A federal judge on Tuesday rejected Sam Bankman-Fried’s bid to throw out most of the U.S. government’s criminal case accusing the FTX cryptocurrency exchange founder of orchestrating a multibillion-dollar fraud. The decision by U.S. District Judge Lewis Kaplan in Manhattan paves the way for an Oct. 2 trial of…
By Raphael Satter (Reuters) – The cl0p ransomware gang is claiming a new set of victims from its hack of the MOVEit file transfer protocol, taking credit on Tuesday for having stolen data from the University of California, Los Angeles, Siemens Energy, Abbvie Inc and Schneider Electric, among others. The total number of recent victims…
By Abhirup Roy and Akash Sriram (Reuters) – Amazon.com Inc’s self-driving vehicle unit Zoox has grown its headcount by about 16% at a time when access to capital is tight and other large companies have exited the autonomous driving sector. Amazon’s shares were 1.2% higher at $128.84 in early afternoon trading. Based in California, Zoox,…
By Patricia VilasBoas SAO PAULO (Reuters) – The top executive of Google Brazil said on Tuesday the company encourages greater dialogue around regulating digital platforms in the country, in order to change a bill that might turn out to be “perverse” for everyone. Nearly two months ago, country’s top court ordered an investigation into executives…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets reach the half-way point of the week with a spring in their step, after surprisingly strong U.S. economic data on Tuesday put thoughts of a slowdown or recession to the back of investors’…
(Reuters) – The United States is considering new restrictions on exports of artificial intelligence chips to China, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Shares of Nvidia and Advanced Micro Devices (AMD) fell about 1.4% on the news. Nvidia, Micron, and AMD are among the U.S. chipmakers caught in…
By Greg Bensinger SAN FRANCISCO (Reuters) – Arguing for the government on Tuesday in its legal fight against Microsoft’s $69 billion deal to buy game maker Activision Blizzard, Harvard economist Robin Lee struggled at times to plainly demonstrate how the planned deal would hurt gamers. The U.S. Federal Trade Commission has asked a federal judge…
By Krystal Hu (Reuters) -Reka, an AI model startup founded by former researchers from Alphabet’s DeepMind, has raised $50 million in a fresh round of funding from investors including Yuri Milner’s DST Global Partners and Snowflake, the companies told Reuters. The valuation of the deal was not disclosed. A source familiar with the matter said…
By Hyunjoo Jin and Trevor Hunnicutt (Reuters) -Tesla’s electric-vehicle charging technology is being put on a fast track to become a North American standard, giving a further boost to the automaker’s plan to expand access to its once-exclusive chargers. Tesla’s charging technology has been gathering momentum for weeks. Volvo Car on Tuesday joined General Motors,…
