[ NEW YORK/SAN FRANCISCO (Reuters) – Prominent computer scientist Fei-Fei Li is building a startup that uses human-like processing of visual data to make artificial intelligence (AI) capable of advanced reasoning, six sources told Reuters, in what would be a leap forward for the technology. Li, considered a pioneer in the AI field, raised money … Read more
[ (Reuters) – Reddit co-founder and CEO Steve Huffman beneficially owns 62.4 million Class A shares of the social media company, a regulatory filing showed on Friday. Those shares were equivalent to 61.5% of the share class, based on a calculation that includes factors such as the right to acquire more shares by exercising stock … Read more
[ (Reuters) – Short-form video took center stage at tech and social media companies’ annual presentations to advertisers, as platforms like Snap and Meta look to capitalize on TikTok’s political uncertainty in the U.S. to take ad dollars from their rival. The presentations in New York, known as the NewFronts, come just a week after … Read more
[ MILAN (Reuters) – Italy’s biggest bank Intesa Sanpaolo on Friday said it had acquired some 90,000 new customers through its digital-only arm Isybank, after an antitrust decision effectively halted the migration of existing clients. Italy’s competition authority dealt a blow to Intesa’s fintech ambitions in November when it ruled the bank had to obtain … Read more
[ (Reuters) – For most of the past year and a half, Apple Chief Executive Tim Cook has fielded questions from Wall Street analysts about his plans for artificial intelligence amid grumbling that the iPhone maker has no AI story to tell. After the company reported quarterly earnings on Thursday, Cook insisted that Apple will … Read more
[ BERLIN (Reuters) -Germany summoned the acting representative of the Russian embassy on Friday over a sweeping cyberespionage campaign dating back to 2022 that Berlin blames on Moscow’s GRU military intelligence service. “We and our partners will not tolerate these cyberattacks and will use the entire spectrum of measures to prevent, deter and respond to … Read more
[ (Reuters) -Sony Pictures Entertainment (SPE) and Apollo Global Management have made a $26 billion cash offer for movie group Paramount Global, the Wall Street Journal reported. The two companies submitted a non-binding offer letter on Wednesday, signed by Sony Pictures Chief Executive Tony Vinciquerra and Apollo partner Aaron Sobel, said the WSJ, citing people … Read more
[ WASHINGTON (Reuters) – The U.S. government will lay out its antitrust case against Alphabet’s Google on Friday in a second day of closing arguments focused on accusations that the online search leader broke the law to stay on top in search advertising. U.S. District Judge Amit Mehta on Thursday peppered both sides with questions … Read more
[ (Reuters) – Google has asked a U.S. judge not to impose sweeping changes to the Alphabet unit’s app store Play that were proposed by “Fortnite” maker Epic Games in the companies’ closely-watched antitrust fight. Google made its filing late on Thursday in San Francisco federal court, where Epic last year persuaded a jury that … Read more
[ WASHINGTON (Reuters) – The Federal Communications Commission (FCC) said on Thursday nearly 40% of U.S. telecom companies getting federal support need additional government funding to remove equipment made by Chinese telecoms firms Huawei and ZTE from American wireless networks to address security risks. The FCC said removing the equipment is estimated to cost $4.98 … Read more
