Technology

Investors say Elon Musk's SpaceX trading debut will be 'craziest IPO' ever

BOSTON/NEW YORK, Dec 11 (Reuters) - Investors welcomed reports that SpaceX was mulling a potential IPO that would help fund Elon Musk's Mars ambitions and value the rocket and satellite company at more than $1 trillion, as some have been waiting for years to buy into the company.

Technology

Broadcom sees dip in quarterly margins due to AI, shares fall

Dec 11 (Reuters) - Broadcom projected first-quarter revenue above Wall Street estimates on Thursday, but said that margins would fall due to a higher mix of AI revenue, and shares fell 5% in extended trading.

Technology

Key barrier to online fraud can be bypassed for pennies, say researchers

WASHINGTON, Dec 11 (Reuters) - A central barrier to the creation of bogus social media accounts can be bypassed for as little as a few cents at a time, researchers at the University of Cambridge determined, a sign of just how low the barriers are to online disinformation efforts.

Technology

TerraUSD creator Do Kwon sentenced to 15 years over $40 billion crypto collapse

NEW YORK, Dec 11 (Reuters) - Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, was sentenced on Thursday to 15 years in prison for what a judge called an "epic fraud." 

Technology

Kalshi, Crypto.com launch prediction markets coalition as investor interest soars

Dec 11 (Reuters) - Kalshi and Crypto.com said on Thursday they had launched a national alliance of prediction market operators that includes cryptocurrency exchange Coinbase, retail trading platform Robinhood and sports gaming operator Underdog.

Technology

Fortnite returns to Google Play in US after court order

Dec 11 (Reuters) - Epic Games' popular battle royale title Fortnite is back on the Google Play Store in the United States after Google complied with a U.S. District Court injunction, the company said on Thursday.

Technology

OpenAI launches GPT-5.2 after 'code red' push to counter Google's Gemini 3

Dec 11 (Reuters) - OpenAI on Thursday launched its GPT-5.2 artificial intelligence model, after CEO Sam Altman reportedly issued an internal "code red" in early December pausing non‑core projects and redirecting teams to accelerate development in response to Google's Gemini 3.

Technology

Apple wins partial reversal of sanctions in Epic Games antitrust lawsuit

WASHINGTON, Dec 11 (Reuters) - Apple persuaded a U.S. appeals court on Thursday to reverse parts of a court order requiring the iPhone maker to make changes to its lucrative App Store to promote greater competition, but lost its bid to overturn a sweeping injunction.

Technology

Exclusive-Google faces EU fine next year for favouring own services, sources say

BRUSSELS, Dec 11 (Reuters) - Alphabet's Google is expected to be fined by EU antitrust regulators next year for not doing enough to comply with EU rules against favouring its own services and products in search results, people familiar with the matter said.

Technology

Rivian debuts custom self-driving chip, $2,500 driver-assistance package

PALO ALTO, Dec 11 (Reuters) - Rivian Automotive on Thursday unveiled its first custom computer chip for self-driving, shifting away from Nvidia's processors, and a new paid driver-assistance package called Autonomy+, as the electric-vehicle maker leans on artificial intelligence to boost revenue.

Technology

OpenAI sued for allegedly enabling murder-suicide

Dec 11 (Reuters) - OpenAI and its largest financial backer, Microsoft, were sued in California state court on Thursday over claims that OpenAI's popular chatbot ChatGPT encouraged a mentally ill man to kill his mother and himself.

Technology

J.P. Morgan harnesses blockchain for debt issuance amid digital asset adoption boost

Dec 11 (Reuters) - J.P. Morgan said on Thursday that it issued a U.S. commercial paper for Galaxy Digital Holdings on the Solana blockchain, marking an important step in the broader institutional adoption of digital assets.

Technology

Amazon plans new one-hour pickup service in stores, Business Insider reports

Dec 11 (Reuters) - Amazon is developing a "rush" pickup service that would let customers collect orders from its stores within an hour, Business Insider reported on Thursday, citing an internal document and a person familiar with the matter.

Technology

NAACP pressing for ‘equity-first’ AI standards in medicine

(Corrects spelling of Dr. Chris Pernell's last name, paragraphs 9, 10, 14)

Technology

Microsoft fights $2.8 billion UK lawsuit over cloud computing licences

LONDON, Dec 11 (Reuters) - Microsoft was on Thursday accused of overcharging thousands of British businesses to use Windows Server software on cloud computing services provided by Amazon, Google and Alibaba, at a pivotal hearing in a 2.1 billion-pound ($2.81 billion) lawsuit.

Technology

Disney to invest $1 billion in OpenAI, license characters for Sora video tool

Dec 11 (Reuters) - Walt Disney is investing $1 billion in OpenAI and will let the startup use characters from Star Wars, Pixar and Marvel franchises in its Sora AI video generator, a deal that could reshape how Hollywood makes content.

Technology

Exclusive-AI software startup Harness valued at $5.5 billion in latest financing round

Dec 11 (Reuters) - Harness, an AI software development startup, has raised $200 million in a Goldman Sachs-led fundraising round that values it at $5.5 billion, the company said on Thursday.

Video games

'Clair Obscur': French hit with chance to sweep Game Awards

French indie hit Clair Obscur: Expedition 33 has been gained a record number of nominations for the Game Awards, the gaming industry's equivalent of the Oscars, after selling five million copies.

Technology

US phone imports from Samsung hub Vietnam hit lowest level since 2020

HANOI, Dec 11 (Reuters) - U.S. imports of telephones and parts from Vietnam, one of its top suppliers, fell to their lowest levels in more than five years in November, according to official Vietnamese data, as exporters led by Samsung Electronics faced trade uncertainties and slowing consumer demand.

Technology

Oracle slumps as gloomy forecasts, soaring spending fan AI bubble worries

Dec 11 (Reuters) - Oracle shares sank 13% on Thursday, sparking a tech selloff as the company's massive spending and weak forecasts fanned doubts over how quickly the big bets on AI will pay off.