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Technology
Samsung Q2 profit jumps 19-fold as AI chip demand offsets mobile loss
SEOUL, July 30 (Reuters) - Samsung Electronics said on Thursday its operating profit jumped 19-fold to a record in the second quarter, as solid demand for AI chips offset weaker earnings at its mobile business.
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Technology
Equinix shares fall on soft third-quarter forecast
July 29 (Reuters) - Equinix shares fell 3% on Wednesday as soft third-quarter forecast overshadowed a raised full-year and long-term outlook.
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AI
More than 1,000 AI workers urge safeguards to slow AI development
They warn the technology could outpace humanity's ability to understand or control it.
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Technology
OpenAI's Sam Altman discusses rogue agent with US senators, as Trump considers AI controls
WASHINGTON, July 29 (Reuters) - OpenAI CEO Sam Altman said on Wednesday that he was meeting with U.S. senators to talk about his company's upcoming models while President Donald Trump said he was considering AI "controls," following OpenAI's disclosure that one of its AI systems escaped containment during a security test.
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Technology
Qualcomm forecasts weak quarterly profit, expects Apple revenue drop to accelerate
July 29 (Reuters) - Qualcomm forecast fourth-quarter profit below estimates and said revenue from Apple products would decline faster than expected, but signaled that growth in data-center and other non-handset businesses would more than make up for the lost revenue by fiscal 2027.
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Technology
Microsoft says cash will keep flowing from AI, shares rise
July 29 (Reuters) - Microsoft on Wednesday said it expects to keep generating cash through its just-started fiscal 2027 and gave a capital expenditure forecast below Wall Street estimates after an accounting change for data center leases.
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Technology
Meta cash flow craters as Zuckerberg doubles down on AI spending
July 29 (Reuters) - Meta Platforms reported a 91% drop in second-quarter free cash flow on Wednesday, underscoring the financial strain of the social media giant's costly AI buildout amid an uncertain payoff.
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Technology
Robinhood beats quarterly profit estimates as trading activity remains robust
July 29 (Reuters) - Robinhood Markets beat Wall Street estimates for second-quarter profit on Wednesday, as robust trading in equities, options and prediction markets helped offset weakness in cryptocurrency trading.
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Technology
Italy, US to sign off on Pax Silica AI initiative after spat with Trump
ROME, July 29 (Reuters) - Italy and the United States on Friday will sign off on a cooperation agreement on the so-called Pax Silica initiative on artificial intelligence supply chains, a statement from Rome's foreign ministry said on Wednesday.
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Technology
US FTC sues Hims & Hers for sending user health info to Meta, Snap
July 29 (Reuters) - The U.S. Federal Trade Commission sued Hims & Hers on Wednesday alleging the telehealth platform shared users' health data with online advertisers, despite promising privacy, and engaged in deceptive billing and cancellation practices.
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Technology
US House Democrat asks Musk to answer for polluting xAI data centers
July 29 (Reuters) - U.S. Representative Frank Pallone, the top Democrat on the House Energy and Commerce Committee, on Wednesday demanded documents and answers from Elon Musk about the environmental and public health impacts of his xAI Colossus data center operations in Tennessee and Mississippi.
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Technology
Qualcomm wins BMW chip supply deal for future vehicle platforms
July 29 (Reuters) - Qualcomm said on Wednesday it has signed a long-term deal to supply chips for German luxury automaker BMW's future digital cockpit and advanced driver-assistance systems through the next decade.
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Technology
DoorDash launches in-house drone delivery program after FAA certification
July 29 (Reuters) - DoorDash on Wednesday launched its in-house drone-delivery program, DoorDash Air, after securing a U.S. Federal Aviation Administration certification to operate commercial drone deliveries in the U.S.
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Technology
X, World Federation of Advertisers settle litigation over GARM dispute
July 29 (Reuters) - SpaceX's X and the World Federation of Advertisers (WFA) said on Wednesday they had settled litigation over an alleged advertiser boycott of the social media platform linked to the now-defunct Global Alliance for Responsible Media (GARM).
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Technology
Delta to offer sports game on flights with DraftKings but no betting
WASHINGTON, July 29 (Reuters) - Delta Air Lines will offer a sports prediction game on flights in a partnership with sports betting company DraftKings, but will not allow gambling, it said on Wednesday.
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Technology
US Democratic lawmakers press SEC to probe Trump Media's fast feed
NEW YORK, July 29 (Reuters) - Democratic Senators Elizabeth Warren and Adam Schiff have asked the U.S. securities regulator to probe whether Truth Social parent Trump Media's plan to sell early access to President Donald Trump's social media posts breaks the law, according to a letter reviewed by Reuters.
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Technology
NextEra, Brookfield plan $100 billion data center at Kentucky uranium site
July 29 (Reuters) - A consortium including NextEra Energy and Brookfield plans to develop a $100 billion data center campus at a former uranium enrichment site in Paducah, Kentucky, the companies said on Wednesday.
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Technology
Cognizant forecasts weak quarterly revenue amid cautious client spending
July 29 (Reuters) - Cognizant Technology forecast quarterly revenue below Wall Street estimates on Wednesday, as clients remained cautious on discretionary IT spending.
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Technology
Explainer-What are credit default swaps and why are they spooking AI investors?
July 29 (Reuters) - Shares in companies driving the AI boom have been under pressure for weeks. Now their bonds are coming under strain too, pushing up the cost of insuring debt issued by companies such as Oracle, Nvidia and Apple against default.
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Technology
SoFi's unchanged profit forecast tempers record quarter, revenue outlook lift
July 29 (Reuters) - SoFi's unchanged 2026 profit outlook on Wednesday overshadowed a raise in the fintech's revenue growth forecast that topped Wall Street expectations and a market-beating second quarter, sending its shares down 9% in early trading.
