By Jonathan Stempel (Reuters) -A U.S. judge has rejected Apple’s bid to throw out a class-action lawsuit that accused Chief Executive Tim Cook of defrauding shareholders by concealing falling demand for iPhones in China. U.S. District Judge Yvonne Gonzalez Rogers’ decision late Monday night clears the way for shareholders led by a British pension fund…
By Lisa Pauline Mattackal and Medha Singh (Reuters) -What would Satoshi make of it all? Bitcoin, the currency created to subvert the financial establishment, has shaken off weeks of sickness with the support of Wall Street’s finest. The original crypto coin has leapt 20% to two-month highs at $30,182 over the past 11 days after…
FRANKFURT (Reuters) -Siemens Energy and the University of California, Los Angeles (UCLA) said on Tuesday they were among victims of the MOVEit hack that has affected scores of corporations, governments and other institutions in recent weeks. The hackers behind the wide-ranging breach, Cl0p, had earlier boasted on their website about stealing data from UCLA and…
(Reuters) – Faraday Future Intelligent Electric has received $90 million in funding commitment from its existing investors, the electric-vehicle startup said on Tuesday, sending its shares up about 5%. The funding will be led by private equity ATW Partners, with participation from Senyun International, and will support the production and delivery of FF 91 EV,…
By Jane Lanhee Lee San Francisco (Reuters) – MLCommons, a group that develops benchmark tests for artificial intelligence (AI) technology, on Tuesday unveiled results for a new test that determines system speeds when training algorithms used for chatbots like ChatGPT – and Nvidia came out on top. The MLPerf benchmark is based on GPT-3, an…
(Reuters) – Swedish carmaker Volvo Cars said on Tuesday it had signed an agreement with Tesla to give its electric vehicles (EVs) access to the EV maker’s Supercharger network in the United States, Canada and Mexico. The deal makes Volvo the first European automaker to adopt Tesla’s North American Charging Standard (NACS), adding to the…
By Jarrett Renshaw (Reuters) -Washington state plans to require electric vehicle charging companies to include Tesla’s plug if they want to be part of a state program to electrify highways using federal dollars, an official told Reuters on Thursday. Washington follows the move by Texas to mandate Tesla’s technology, The North American Charging Standard (NACS),…
(Reuters) – The top U.S. consumer finance watchdog on Tuesday said it had fined the Nebraska payment processor ACI Worldwide $25 million for improperly processing more than $2 billion in mortgage payment transactions without customer authorization. The transactions occurred in April 2021 and affected nearly 500,000 homeowners with mortgages serviced by Mr. Cooper, exposing many…
TOKYO (Reuters) – What would society look like if cyborg body parts were freely available for use like roadside rental bicycles? Masahiko Inami’s team at the University of Tokyo have sought to find out by creating wearable robotic arms. Inami’s team is developing a series of technologies rooted in the idea of “jizai”, an Japanese…
By Jane Lanhee Lee OAKLAND, California (Reuters) – Artificial intelligence and quantum computing startup SandboxAQ on Tuesday said it has won a U.S. government contract for military cyber security in a deal that includes Microsoft and Deloitte & Touche as subcontractors. The contract is with the Defense Information Systems Agency which provides global communications infrastructure…
