Category Archives: (Midwest Communications, Inc. Syndication Interface) Technology News (Master Feed)
Brazil institute sues social media giants for $525 million over excessive use by minors
By Ricardo Brito BRASILIA (Reuters) - Brazil's Collective Defense Institute has filed two lawsuits demanding 3 billion reais ($525.27 million) from the Brazilian units of TikTok, Kwai and Meta Platfor...
Oct 28, 2024
SBA Communications raises annual adjusted FFO forecast on steady demand
(Reuters) - SBA Communications raised its annual forecast for adjusted funds from operations on Monday, anticipating a steady wireless carrier activity on the back of growing demand for 5G network. Th...
Oct 28, 2024
US finalizes rules to curb AI investments in China, impose other restrictions
By David Shepardson, Michael Martina and Trevor Hunnicutt WASHINGTON (Reuters) - The Biden administration said on Monday it is finalizing rules that will limit U.S. investments in artificial intellige...
Oct 28, 2024
Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers
(Reuters) - Cadence Design Systems raised the midpoint of its annual profit forecast on Monday, betting on the boom in generative AI to drive demand for its software used to design complex chips that ...
Oct 28, 2024
OpenAI chair's AI startup Sierra gets $4.5 billion valuation in latest funding round
(Reuters) - Sierra, a software startup co-founded by former Salesforce co-CEO Bret Taylor, has raised $175 million in a new funding round led by Greenoaks Capital that gave it a $4.5 billion valuation...
Oct 28, 2024
Toyota, NTT to make $3.3 billion R&D investment for AI self-driving, Nikkei reports
(Reuters) -Toyota Motor and Japan's Nippon Telegraph and Telephone (NTT) will invest 500 billion yen ($3.26 billion) in research and development to create artificial intelligence software to improve s...
Oct 28, 2024
Exclusive-Cybersecurity firm Rapid7 fields buyout interest, sources say
By Milana Vinn NEW YORK (Reuters) - Rapid7, a cybersecurity firm with a market value of $2.4 billion, is exploring options with its investment bankers after attracting acquisition interest from buyout...
Oct 28, 2024
CrowdStrike, Delta sue each other over flight disruptions
By David Shepardson WASHINGTON (Reuters) - Cybersecurity firm CrowdStrike said on Monday it sued Delta Air Lines in U.S. District Court in Georgia after a faulty software update prompted a global outa...
Oct 28, 2024
Onsemi's downbeat forecast casts doubt on auto chip recovery
(Reuters) - Chipmaker Onsemi projected fourth-quarter revenue and profit below Wall Street estimates on Monday, citing persistent soft demand for semiconductors in the auto sector. The outlook contras...
Oct 28, 2024
Startup Untether launches AI chips
By Max A. Cherney SAN FRANCISCO (Reuters) - Startup Untether launched an artificial intelligence chip on Monday that aims to power AI applications in cars, agricultural devices and other edge-case sce...
Oct 28, 2024
