Technology

Mastercard beats profit estimates as stable spending drives transaction volumes

July 30 (Reuters) - Mastercard posted a ⁠second-quarter profit that surpassed Wall Street expectations on Thursday, boosted by robust transaction volumes driven ⁠by steady consumer spending.

Technology

Qualcomm shares slide as higher costs, Apple-related weakness cloud profit forecast

July 30 (Reuters) - Qualcomm shares fell ⁠about 5% on Thursday after the chipmaker's warning about higher memory ⁠costs and a steeper decline in revenue from Apple raised ‌concerns about near-term profit growth.

Technology

India's Swiggy-owned Instamart key profitability metric improves, plans more stores

July 30 (Reuters) - India's Swiggy said ⁠on Thursday its quarterly loss narrowed and a key profitability metric ⁠at its quick-delivery platform Instamart improved, while it plans to ‌add more distribution hubs to drive growth.

Technology

Amazon, Walmart AI detect 'made in USA' fraud but do not flag it, study says

July 30 (Reuters) - Amazon and Walmart ⁠AI shopping assistants can often detect when "Made in USA" product labels are false, but the big ⁠retailers are not using that technology to crack down on the listings, according to a ‌new study from a think tank led by former Chair of the U.S. Federal Trade Commission Lina Khan.

Technology

Analysis-Meta's AI splurge lays bare its compute conundrum

July 30 (Reuters) - Meta can simultaneously fuel its ⁠own AI ambitions and rent out its scarce computing capacity to bolster returns, CEO Mark Zuckerberg signaled on Wednesday. The problem is: investors aren't buying it.

Technology

Taiwan's ASE Tech raises 2026 capex by $2 billion on strong demand

TAIPEI, July ⁠30 (Reuters) - Taiwan's ASE Technology Holding, the world's largest ⁠chip packaging and testing provider, said on Thursday it ‌would raise this year's capital expenditure by $2 billion to around $10.5 billion, driven by strong demand. 

AI

Fake AI doctors are taking over social media. Here’s how to spot them

Millions of Americans turn to social media every day for entertainment, advice and information – including guidance about their health. But experts warn that a growing number of online "health influencers" are not real people at all, KFF reported. Some are AI-generated personalities created to promote questionable products and spread misleading medical claims.

Technology

Capgemini sees multi-year IT modernisation boom as firms prepare for AI

July 30 (Reuters) - ⁠Capgemini Chief Executive Aiman Ezzat said on Thursday that companies ⁠hoping to deploy artificial intelligence at scale will first ‌need to modernise decades-old technology systems, creating what he described as a multi-year investment cycle in data, software and infrastructure.

Gadgets

Police K9 finds cellphone of man who sent explicit photos to girl on TikTok, US authorities say

On July 22, authorities searched Lao's home and a K9 trained in electronic detection located a cell phone which had allegedly been used to message the girl.

AI

Creator of test that OpenAI models tried to cheat sounds alarm

A group of university researchers that developed benchmarks to test the cybersecurity capabilities of AI systems have unexpectedly landed themselves at the centre of OpenAI's accidental hack into the startup Hugging Face Inc.

AI

OpenAI says rogue AI agent attack hit other companies

ChatGPT maker OpenAI has revealed that an autonomous artificial intelligence agent which hacked a popular platform for computer programmers also attempted to breach four other companies during the incident.

Technology

South Korea export growth seen easing but chip boom to hold

SEOUL, ⁠July 30 (Reuters) - South Korean exports likely extended robust growth in July, with the ⁠pace weakening from a near-half-century high but posting the second-strongest gains in the ‌current winning streak led by surging AI chip demand, a Reuters poll showed on Thursday.

Social media

ChatGPT, Roblox to fall under strictest EU rules for platforms

OpenAI's ChatGPT and video game company Roblox Corp. will be subject to stricter scrutiny and monitoring requirements under the European Union's content moderation rules after surpassing a threshold of 45 million monthly users in the bloc.

Social media

Telegram's billionaire founder Pavel Durov has faced legal woes before - in Russia and France

On Wednesday, Russia's Federal Security Service, or FSB, accused him of aiding what it called terrorist activities. It also said it was adding Durov's name to international wanted lists.

AI

OCBC Singapore turns to AI to speed up account opening for the rich

Singapore's push to shorten account opening time for the rich is drawing an artificial intelligence response from its banks, which have been riding a boom in wealth management.

Social media

Elon Musk's xAI sues Minnesota over its law banning 'nudification' technology

Elon Musk's company xAI has sued Minnesota over the state's first-in-the-nation law that bans "nudification" technology on websites and apps, potentially providing a test for how far states can go in constitutionally regulating the use of artificial intelligence.

Smartphones

Samsung’s Galaxy Z Fold 8 'passport' design is the next big smartphone trend

The company already has high expectations for the new shape, believing it will make up about a third of its foldable sales in the US, according to Samsung.

Technology

Sony pitches to buy Japanese lens maker Tamron

TOKYO, July ⁠30 (Reuters) - Japanese camera lens maker Tamron said on Thursday it has ⁠received an acquisition proposal from Sony Group and that it ‌has established a committee to review its options.

Technology

Exclusive-Intel providing chip technology to startup led by co-investor of Tan in rare deal

SAN FRANCISCO/WILMINGTON, Delaware, July 29 (Reuters) - Intel has provided access to some of its processor technology to ⁠a new startup, according to a source and documents reviewed by Reuters, in a rare ‌move for the U.S. chipmaker.

Technology

Australia begins legal action against Telegram over alleged pro-terror material

SYDNEY, July 30 (Reuters) - ⁠Australia's internet regulator said on Thursday it had begun legal action against ⁠messaging platform Telegram over alleged failings to tackle pro-terror posts.