Technology

Latin American countries to launch own AI model in September

SANTIAGO (Reuters) -A dozen Latin American countries are collaborating to launch Latam-GPT in September, the first large artificial intelligence language model trained to understand the region's diverse cultures and linguistic nuances, Chilean officials said on Tuesday.

Technology

US Senate passes stablecoin bill in milestone for crypto industry

(Reuters) -The U.S. Senate on Tuesday passed a bill to create a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens known as stablecoins, in a watershed moment for the digital asset industry.

Technology

Streaming surpasses broadcast and cable TV viewing in US for first time

LOS ANGELES (Reuters) -Streaming services, which have been steadily gaining in popularity, have finally dethroned broadcast and cable television in the U.S., winning more viewers in May than broadcast and cable combined, audience measurement firm Nielsen reported on Tuesday.

Technology

All new Facebook videos to be classified as Reels soon, Meta says

(Reuters) -All new videos uploaded on Facebook will soon be classified as Reels, simplifying how users publish visual content, social media giant Meta Platforms said on Tuesday.

Technology

Exclusive-Musk's xAI on track to raise $5 billion in fresh debt, following modest demand

NEW YORK (Reuters) -Elon Musk's xAI is on track to close on a $5 billion debt raise led by Morgan Stanley, despite tepid investor demand, according to two people familiar with the matter.

Technology

NAACP threatens to sue Elon Musk's xAI over Memphis air pollution

(Reuters) -The National Association for the Advancement of Colored People (NAACP) on Tuesday sent a notice to billionaire Elon Musk's xAI, signaling its intention to sue the company over air pollution from the AI startup's data center in Memphis.

Technology

Amazon's corporate workforce may shrink as AI takes over routine tasks

(Reuters) -Rollout of generative AI and agents will reduce Amazon's total corporate workforce in the next few years, Andy Jassy, CEO of the online retailer said in a note to employees on Tuesday.

Technology

Waymo expands robotaxi services into more parts of San Francisco Bay Area

(Reuters) -Waymo will expand into more areas of the San Francisco peninsula and parts of Silicon Valley, as the sole commercial robotaxi operator in the U.S. seeks to scale up operations, the Alphabet unit said on Tuesday.

Technology

Trump Mobile pulls coverage map after ‘Gulf of Mexico’ label sparks chatter online

(Reuters) -Just hours into Trump Mobile's Monday launch touting American-made smartphones, the venture pulled its coverage map after sharp-eyed users noticed a curious detail: the body of water south of Texas was labeled as the Gulf of Mexico instead of the Trump-preferred name, Gulf of America.

Technology

Elon Musk's X sues New York to block social media hate speech law

NEW YORK (Reuters) -Elon Musk's X Corp sued New York on Tuesday, challenging the constitutionality of a state law requiring social media companies to disclose how they monitor hate speech, extremism, disinformation, harassment and foreign political interference.

Technology

Coinbase seeking US SEC approval to offer blockchain-based stocks

(Reuters) -Coinbase is seeking a green light from the U.S. Securities and Exchange Commission to offer "tokenized equities" to its customers, the crypto exchange's chief legal officer told Reuters. 

Technology

Musk's xAI in talks for $4.3 billion equity funding, Bloomberg News reports

(Reuters) -Elon Musk's artificial intelligence startup xAI is in talks to raise $4.3 billion through an equity investment on top of its $5 billion debt funding plans, Bloomberg News reported on Tuesday, citing information shared with investors.

Technology

Factbox-Stablecoin adoption by corporates poised to grow after US Senate passes key bill

(Reuters) -The U.S. Senate has passed a bill to create a regulatory framework for stablecoins, a once-niche corner of the crypto industry that is gaining traction among global companies.

Technology

'GTA VI' delay weighs on global videogame market growth, data shows

(Reuters) -The global videogame market's growth rate is expected to improve marginally in 2025 from the previous year, according to a report from research firm Newzoo, seen exclusively by Reuters on Tuesday.

Technology

Adobe brings AI-image generation app to phones, adds partners

(Corrects paragraphs 2-4 to reflect that new partner models are not yet available on the Firefly mobile app)

Technology

Oracle cloud to add xAI's Grok 3 model to lineup for corporate customers

SAN FRANCISCO (Reuters) -Oracle said on Tuesday that its cloud computing division is working with Elon Musk's artificial intelligence firm xAI to offer the startup's latest AI model to business customers.

Technology

German defence start-up Helsing raises 600 million euros in latest investment round

BERLIN (Reuters) -German defence start-up Helsing has raised 600 million euros ($693.30 million) in its latest investment round, lead by Spotify founder Daniel Ek, the firm said on Tuesday.

Technology

Volvo Group, Daimler look to technology joint venture in bid to save costs

GOTHENBURG (Reuters) -European truckmaking rivals AB Volvo and Daimler Truck hope to cut costs and reduce reliance on suppliers by jointly developing a software-defined vehicle program, they said on Tuesday.

AI

Huawei’s AI weather model among top performers in China tests

China's weather agency is testing more than a dozen artificial intelligence models in an effort to enhance its forecasting, with a system from Huawei Technologies Co showing accelerated improvement.

Social media

Meta testing new auto-generated video ads as part of AI push

Meta Platforms Inc, the owner of Facebook and Instagram, is pushing deeper into AI-generated advertisements in a bid to make it cheaper and simpler for marketers to craft their messages.