News
US takes step to halt Nvidia AI chip shipments to Chinese firms outside China
1+ hour, 33+ min ago (318+ words) May 31 (Reuters) " The U. S. Department of Commerce on Sunday moved to close a year-old potential loophole it had created that may have led companies to export the world's "most advanced chips " like Nvidia's most sophisticated Rubin and "Blackwell processors, as well…...
China's AI startup Mini Max explores Shanghai STAR Market listing
9+ hour, 58+ min ago (136+ words) BEIJING, May 31 (Reuters) - China's AI startup Mini Max "Group is "exploring a listing on Shanghai's tech-heavy exchange, the "STAR "Market, it "said in "a filing to the Hong Kong Stock Exchange "on Sunday. Mini Max said it "has hired "advisors…...
Soft Bank to build up AI data centres in France with major investment
1+ day, 2+ hour ago (225+ words) PARIS, May 30 (Reuters) " Japan's Soft Bank Group will invest "45 billion over the next five years in a push to build "up artificial intelligence infrastructure in France, "founder Masayoshi Son told the paper La Tribune Dimanche in an interview published on…...
Meta plans "Wearables for Work" and AI pendant, The Information reports
1+ day, 21+ hour ago (140+ words) May 29 (Reuters) - Meta Platforms plans to start "testing an "AI pendant in the next year as part of "an "ambitious roadmap "for wearable "devices aimed at reversing the huge losses in its "hardware division, The Information "reported on "Friday. The…...
UK banks still lack access to Mythos AI model, Bo E's Bailey says
2+ day, 2+ hour ago (329+ words) LONDON, May 29 (Reuters) " British banks still have not been able to gain access to Anthropic's Mythos artificial intelligence model to check their systems against cyber threats, six "weeks after it first drew concern, Bank of "England Governor Andrew Bailey said…...
Exclusive-Meta tool to track employee mouse clicks on collision course with EU privacy rules
2+ day, 5+ hour ago (1062+ words) By Katie Paul and Toby Sterling NEW YORK/AMSTERDAM, May 29 (Reuters) " Meta Platforms" plan to collect detailed records of U. S. employees" computer usage for training its AI models is more extensive than initially described and set to capture non-U. S. data in…...
Analysis-Huawei bets on speed over shrinking transistors to sidestep US chip sanctions
2+ day, 18+ hour ago (706+ words) By Eduardo Baptista and Che Pan BEIJING, May 29 (Reuters) " Huawei's new chip design principle focused on boosting transmission speed rather than continuing to shrink semiconductors offers a path for China to build cutting-edge chips despite U. S. sanctions, though whether it represents…...
India's Wipro up 4% after expanded partnership to scale AI adoption
2+ day, 17+ hour ago (224+ words) May 29 (Reuters) " Shares of Wipro rose as much as 4% on Friday, after the IT services company said "it had expanded its partnership with "U. S. -based software provider Service Now to deploy agentic AI workflows across core enterprise functions. The stock later…...
Law firm Kirkland to spend $500 million developing its own AI platform
2+ day, 23+ hour ago (359+ words) WASHINGTON, May 28 (Reuters) " U. S. law firm Kirkland & Ellis said it is devoting $500 million of its revenue to developing a custom AI platform, accelerating a spending race on the "technology in the legal industry. Kirkland, with self-reported revenue of $10. 6 billion "last year,…...
Apollo, Blackstone work on $36 billion debt deal for Anthropic, Bloomberg News reports
3+ day, 16+ min ago (149+ words) May 28 (Reuters) " Apollo Global Management and Blackstone are working to bring in "additional investors for about $36 "billion debt financing tied to AI startup Anthropic PBC's efforts to expand its AI infrastructure, Bloomberg News "reported "on Thursday. The "debt would be…...