Articles from www.reuters.com

Articles from www.reuters.com

A UK judge throws out Apple's motion to dismiss a $979M lawsuit representing more than 1,500 developers alleging that App Store's 30% commission is unfair (www.reuters.com)
2024-4-12 Apple

Uber and Lyft delay their plans to leave Minneapolis until July 1, after city officials voted on April 10 to delay the start of driver pay raise to July 1 (www.reuters.com)
2024-4-12 Uber

Micron says Taiwan's April 3 earthquake would hurt a calendar quarter of DRAM production by a mid-single digit percentage, and production is not yet fully back (www.reuters.com)
2024-4-12 Taiwan

Apple swaps “state-sponsored” with “mercenary spyware attack” in threat notifications; source: it faced pressure from India for linking breaches to state actors (www.reuters.com)
2024-4-12 India Apple

Sources: Foxconn is considering a new rotating CEO system, a major and unusual overhaul to nurture talent; a source says the plan is a response to investors (www.reuters.com)
2024-4-11

A US jury finds AWS owes Chicago-based Kove $525M for infringing three of its patents in data-storage technology that had become “essential” to AWS (www.reuters.com)
2024-4-11

Google announces a $1B investment to improve digital connectivity between the US, Japan, and multiple Pacific island countries through two new subsea cables (www.reuters.com)
2024-4-11 Japan Google

Aloha Browser says the number of users in the EU jumped 250% in March after DMA came into effect; Vivaldi, Ecosia, Brave, DuckDuckGo, and Opera also see growth (www.reuters.com)
2024-4-10 Browser

Investment platform Linqto plans to go public via a SPAC merger with Blockchain Coinvestors Acquisition at a ~$700M valuation in a deal expected to close in H2 (www.reuters.com)
2024-4-10 Blockchain

NetEase says it is working with Microsoft to bring World of Warcraft and other Blizzard games back to China after a feud ended the partnership in January 2023 (www.reuters.com)
2024-4-10 China Microsoft

Symbolica, which develops foundation models offering an alternative to the transformer AI architecture, raised a $31M Series A led by Khosla Ventures (www.reuters.com)
2024-4-9 AI

Sources: the US plans to award Samsung $6B+ next week to build four chip facilities in Taylor, Texas, including a $17B plant, as part of the $52B CHIPS Act (www.reuters.com)
2024-4-9 Samsung Texas

South Korean President Yoon Suk Yeol says the country plans to invest ~$7B in AI by 2027, and will create a separate ~$1B fund to foster AI chip companies (www.reuters.com)
2024-4-9 Korea AI

IDC: the PC market grew 1.5% YoY in Q1 with 59.8M shipments, despite weaker demand in China, following two years of decline (www.reuters.com)
2024-4-9 China

Sources: Pegatron is in advanced talks to hand over its only iPhone plant in India to the Tata Group, which will hold a 65%+ stake; Apple supports the move (www.reuters.com)
2024-4-8 India iPhone Apple

Cybertech Global and IVC: in 2023, Israeli cybersecurity exit deals grew by 65% YoY to $7.1B; total tech sector exits were ~$11B, down from $13.5B in 2022 (www.reuters.com)
2024-4-8 Israel

A Brazilian Supreme Court justice opens inquiry into Elon Musk for obstruction of justice involving X and says X faces ~$20K/day in fines if it does not comply (www.reuters.com)
2024-4-8 Elon Musk Brazil

Elon Musk says X is “lifting all restrictions” it imposed in Brazil after a court ruling to block “certain popular accounts” and is defying the court's ruling (www.reuters.com)
2024-4-8 Elon Musk Brazil

X says it has been “forced by court decisions to block certain popular accounts in Brazil” and is barred from giving details of the order (www.reuters.com)
2024-4-7 Brazil

Apple urges a US appeals court to overturn the US ITC's decision to ban imports of some Apple Watch models in a patent dispute with medical tech company Masimo (www.reuters.com)
2024-4-6 Apple Ban

Developers and US officials weigh the implications of the XZ Utils near-miss as CISA says tech companies should do more to back the open-source ecosystem (www.reuters.com)
2024-4-6

A look at tech giants' AI training data deals; Defined.ai: some are ready to pay $1-$2 per image, $2-$4 per short video, and $100-$300 per hour of long video (www.reuters.com)
2024-4-6 AI

Sources: Alphabet has been talking to its advisers about making an offer for HubSpot, an online marketing company with a $32B market value (www.reuters.com)
2024-4-5 Alphabet

SK Hynix says it will invest ~$3.87B in an advanced packaging plant and R&D facility in Indiana to mass-produce high-bandwidth memory chips starting in H2 2028 (www.reuters.com)
2024-4-4

EU removes from draft rules a requirement that non-EU cloud providers must set up a joint venture with an EU company to qualify for an EU cybersecurity label (www.reuters.com)
2024-4-4

PE firm Clayton Dubilier & Rice agrees to buy a majority ownership of IT services provider Presidio from BC Partners; sources: deal could value Presidio at $4B+ (www.reuters.com)
2024-4-3

The FCC plans to vote on April 25 to restore net neutrality rules and assume regulatory oversight of broadband internet that was rescinded under President Trump (www.reuters.com)
2024-4-3 Trump

Trump Media & Technology Group closed down 21% on April 1, wiping out the gains from last week, after it disclosed a $58M+ loss on $4.1M in revenue in 2023 (www.reuters.com)
2024-4-2 Trump

Microsoft plans to unbundle Teams from Office 365 globally starting April 1 amid antitrust scrutiny, after a similar unbundling in EU in August 2023 (www.reuters.com)
2024-4-1 Microsoft

Huawei reports fastest growth in four years for 2023, as revenue up 9.63% to $97.48B, net profit up 144.5% to ~$12.04B, consumer revenue up 17.3% to ~$34.79B (www.reuters.com)
2024-3-29

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