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Technology
Crypto exchange Coinbase logs third straight quarterly loss on trading slowdown
July 30 (Reuters) - Coinbase Global posted a third straight quarterly loss on Thursday as a prolonged downturn in cryptocurrency markets dented its trading volumes, sending the digital-asset exchange's shares 5.3% lower after the bell.
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Technology
Roblox's algorithm, safety changes dent bookings forecast; shares slump
July 30 (Reuters) - Roblox forecast a steeper-than-expected drop in third-quarter bookings on Thursday as a shift toward lower-spending games and new safety measures weigh on in-app purchases, sending its shares down 14% in after-hours trading.
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Technology
Reddit flags volatile search referrals as US user growth slows
July 30 (Reuters) - Reddit said on Thursday that choppy search-engine traffic affected U.S. user growth in the second quarter, overshadowing an upbeat revenue forecast and sending its shares down about 12% in extended trading.
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Video games
'Halo,' 'Assassin's Creed' and 'Star Fox' remakes translate the classics for modern tastes
Sony's decision to stop physical disc production caused an uproar among gamers. It marks a sea change for the industry as PlayStation shifts to an all-digital future.
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Technology
Microsoft sets record with near $450 billion single-day gain in market value
July 30 (Reuters) - Microsoft added nearly $450 billion in market value on Thursday, the largest one-day gain on record for a company, after it forecast stronger-than-expected cloud growth and signaled continued cash generation through its new fiscal year.
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Technology
Amazon lifts investment plans after strong cloud sales; shares jump
July 30 (Reuters) - Amazon delivered its strongest cloud growth in more than four years and raised its annual capital spending forecast, bolstering its argument that heavy investment in AI is generating sufficient demand to warrant the outlays.
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Technology
US signs letters of intent worth $874 million to boost semiconductor research
July 30 (Reuters) - The U.S. Department of Commerce said on Tuesday it has signed letters of intent to provide $874 million in incentives to seven companies developing semiconductor technologies for AI and advanced computing systems.
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Technology
Banks in talks to lend $15 billion for Anthropic data center backed by Google, WSJ reports
July 30 (Reuters) - Data-center developer Nexus Data Centers is in advanced talks to raise $15 billion for a Texas campus tied to Anthropic, with Alphabet's Google offering financial guarantees and supplying chips, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
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Technology
Citadel buys most of Situational's stock holdings after AI share rout, sources say
NEW YORK, July 30 (Reuters) - Situational Awareness, an AI-focused hedge fund run by former OpenAI researcher Leopold Aschenbrenner, sold the bulk of its stock portfolio to Ken Griffin's Citadel after being battered by heavy losses in its tech holdings, two sources familiar with the matter told Reuters on Thursday.
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Technology
UK's IG Group bets big on US prediction markets with $1.3 billion Underdog deal
July 30 (Reuters) - Britain's IG Group said on Thursday it has agreed to acquire U.S. daily fantasy sports and prediction markets operator Underdog for up to $1.3 billion, deepening its push into the fast-growing U.S. retail trading market.
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Technology
Coinbase beats much of customer lawsuit over US token sales
NEW YORK, July 30 (Reuters) - Coinbase won the dismissal on Thursday of much of a lawsuit in which customers accused the largest U.S. cryptocurrency exchange of illegally selling securities without registering as an exchange or broker-dealer.
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Technology
OpenAI cuts prices on smaller models as businesses scrutinize AI spend
July 30 (Reuters) - OpenAI slashed prices of its low- and mid-tier AI models on Thursday, a move that may intensify competition in the industry as U.S. companies battle cheaper Chinese rivals for customers increasingly wary of the technology's ballooning costs.
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Technology
OpenAI's Sam Altman to discuss voluntary AI safety tests with Trump officials after agent went rogue
WASHINGTON, July 30 (Reuters) - OpenAI CEO Sam Altman will discuss his company's upcoming AI models and voluntary government cybersecurity testing of advanced AI systems with White House officials on Thursday, an OpenAI spokesperson said, more than a week after the company disclosed that one of its AI models escaped containment during a security test.
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Technology
Scale AI taps former Google Cloud executive as CEO
July 30 - Scale AI said on Thursday it had named former Google Cloud executive Francis DeSouza as chief executive officer, effective August 10, as the AI company looks to expand its data and applications businesses.
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Technology
Goldman Sachs asset arm forms an AI investing platform, memo shows
NEW YORK, July 30 (Reuters) - Goldman Sachs Asset Management has launched an artificial intelligence investing platform, AlphaAI, betting that AI will become an important driver of investment returns across its public and private market businesses.
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Technology
German minister urges faster AI self-sufficiency after OpenAI test breach
BERLIN, July 30 (Reuters) - Germany's digital minister urged Europe on Thursday to speed up efforts to build its own AI industry after an OpenAI security test showed an AI agent breaching another system, raising concerns about control of increasingly autonomous technology.
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Technology
ChatGPT, Roblox could be included in DSA scope, EU Commission spokesperson says
BRUSSELS, July 30 (Reuters) - Both ChatGPT and Roblox could potentially be included by the European Commission in the list of very large online platforms or search engines as defined by the Digital Services Act, Commision spokesperson Thomas Regnier said.
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Technology
Cyber firm Wiz says flaw could have led to mass exposure of Microsoft cloud customers
WASHINGTON, July 30 (Reuters) - Alphabet-owned cybersecurity company Wiz said on Thursday it had found a sweeping flaw that could have compromised Microsoft and thousands of its cloud customers.
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Technology
AI cloud provider Nscale to buy software startup Anyscale
July 30 (Reuters) - Cloud infrastructure provider Nscale will buy AI software startup Anyscale to help clients better manage and run AI systems efficiently, the companies said on Thursday.
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Technology
Amazon's Zoox wins first US approval for paid robotaxis without human controls
SAN DIEGO, July 30 (Reuters) - Amazon's Zoox unit has won U.S. approval for limited commercial deployment of its novel steering-wheel-free robotaxis, a first for the autonomous ride industry, the U.S. auto safety agency said on Thursday.
