Latest
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Technology
Google Cloud outage mostly resolved after knocking out services
A Google Cloud outage in Europe that knocked out digital bank Revolut Ltd and other online services for several hours on Oct 20 has mostly been resolved.
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AI
China defends DeepSeek after US ban of its AI from government systems
China hit back on Oct 20 at a US ban on the use of Chinese artificial intelligence startup DeepSeek's products by federal civilian agencies and warned of retaliatory measures as the two AI powers race to develop the technology.
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Technology
Lutnick announces investment to boost semiconductor production in North Carolina
Oct 20 (Reuters) - US Commerce Secretary Howard Lutnick on Tuesday announced a new investment in North Carolina by Sibelco, an industrial minerals mining and processing company, to support semiconductor production.
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Technology
Australian AI data centre operator NextDC shares shed 44% on revenue delay
SYDNEY Oct 21 (Reuters) - Australian data centre operator NextDC shed nearly half of its market capitalisation on Wednesday after sharply cutting revenue forecasts for the year ahead and putting future developments on hold, extending the burst of negative sentiment towards global AI stocks.
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Smartphones
Apple faces UK pressure to open iPhone to rival wallets
Apple Inc's control over the iPhone is blocking fintech rivals from competing with its digital wallet, the UK's antitrust watchdog said.
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Technology
SpaceX and Tesla's Terafab targets 2028 for volume chip production, Musk says
SAN FRANCISCO, Oct 20 (Reuters) - The chip manufacturing joint venture between SpaceX and Tesla called Terafab aims to reach volume production by the third quarter of 2028, Elon Musk said on a SpaceX conference call on Tuesday.
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Technology
Super Micro sees quarterly revenue soaring on AI server boom
Oct 20 (Reuters) - Super Micro Computer expects quarterly revenue and profit margin well above Wall Street estimates as it benefits from relentless AI data center demand, the server maker said on Tuesday, sending shares 11.3% higher in after-hours trading.
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Technology
Netflix co-CEO Sarandos says 'we could do better' after weak forecast
LOS ANGELES, Oct 20 (Reuters) - Netflix issued weaker-than-expected guidance for fourth-quarter profit and cut its full-year advertising forecast on Tuesday, days after the streaming pioneer laid off 6% of its workforce and replaced two of its top programming executives.
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Technology
Musk says SpaceX-Tesla merger is 'a good idea' as companies form deal committees
Oct 20 (Reuters) - Elon Musk said on Tuesday that a merger of his two companies SpaceX and Tesla would be "a good idea" and that they had formed special committees to discuss a union, sending shares of the space and technology company up 8% in extended trading.
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Technology
Anthropic logged net loss of over $80 billion in first half of 2026, WSJ reports
Oct 20 (Reuters) - Anthropic reported a net loss of more than $80 billion in the first half of the year and signaled it could spend as much as $750 billion in the coming years to secure more computing capacity, the Wall Street Journal reported on Tuesday.
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Technology
Factbox-Anthropic's public benefit fund and how it compares with other big philanthropic efforts
Oct 20 (Reuters) - Anthropic said it would commit 5% of its shares to a new public benefit fund, as debate intensifies over how the growing wealth generated by artificial intelligence should be distributed.
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Technology
SpaceX investors, ahead of results, press Musk on Tesla merger
Oct 20 (Reuters) - SpaceX shareholders want to know when the rocket maker will merge with Tesla, bringing together two of Elon Musk's biggest companies in a union that investors have long speculated about.
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Technology
Meta tells Brazil court it treats Lula and Bolsonaro campaigns equally
BRASILIA, Oct 20 (Reuters) - Meta Platforms, owner of Facebook, Instagram and WhatsApp, told Brazil's Superior Electoral Court on Tuesday that it has adopted measures to ensure equal treatment of President Luiz Inacio Lula da Silva's and Senator Flavio Bolsonaro's presidential campaigns on its platforms.
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Technology
Meta's global affairs officer Joel Kaplan to leave company after 15 years
Oct 20 (Reuters) - Meta Platforms' chief global affairs officer Joel Kaplan will leave the company next year after 15 years there, a spokesperson told Reuters on Tuesday.
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Technology
Google Cloud services largely back up in UK
Oct 20 (Reuters) - Alphabet's Google said on Tuesday full service has been restored in its London-based cloud region after a "power event" disrupted multiple cloud services.
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Technology
Salesforce deepens AI bets with $5.66 billion Braze deal
Oct 20 (Reuters) - Salesforce is buying Braze in a deal valued at about $5.66 billion, bolstering its AI push with tools that let brands send personalized messages and respond to customer behavior in real time.
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Technology
Apple commits up to $100 million for US titanium in domestic manufacturing push
Oct 20 (Reuters) - Apple said on Tuesday it has committed to purchasing up to $100 million of titanium over three years from a Pennsylvania-based company as part of the iPhone maker's push to expand manufacturing in the United States.
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Technology
Exclusive-Qualcomm to cut jobs worldwide in performance-focused layoffs, internal memo shows
Oct 20 (Reuters) - Qualcomm will cut jobs globally in a "performance-focused reduction" following its annual employee reviews, CEO Cristiano Amon told staff in a memo on Monday reviewed by Reuters, with notifications set to begin in November.
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Technology
Hasbro raises annual revenue forecast on strong demand for digital games
Oct 20 (Reuters) - Hasbro raised annual revenue forecast on Tuesday, betting on strong demand for its digital games, including "Magic: The Gathering", ahead of the crucial holiday season.
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Technology
Britain seeks to break Apple's grip on contactless payments
LONDON, Oct 20 (Reuters) - Britain's competition regulator said on Tuesday it was seeking to loosen Apple's grip on contactless payments by proposing that the company lower fees and remove technical barriers, helping rival services compete with Apple Pay.
