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Technology
SpaceX seeks $40 billion to buy Nvidia chips, FT reports
Oct 6 (Reuters) - SpaceX is seeking to raise $40 billion in a financing effort led by asset manager Apollo Global Management to purchase Nvidia chips, the Financial Times reported on Tuesday, citing people familiar with the matter.
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Technology
Samsung's Q3 profit seen jumping nine-fold, but chip margins may be flat
SEOUL, Oct 7 (Reuters) - Samsung Electronics is expected to report a nearly nine-fold jump in third-quarter operating profit, driven by robust AI demand, though analysts have cut forecasts by nearly 8% since the end of August.
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Technology
FICO cuts workforce by 15% as part of AI-driven restructuring
Oct 6 (Reuters) - Credit-scoring giant Fair Isaac, known as FICO, said on Tuesday it would trim about 15% of its workforce as part of a broader restructuring and AI integration, becoming the latest US company to cut jobs as businesses automate tasks and redirect spending toward the technology.
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Technology
Black Hills plans $1.8 billion investment to power Google's data center
Oct 6 (Reuters) - Black Hills Corp said on Tuesday it signed agreements to power a proposed Google data center in Cheyenne, Wyoming, and plans to spend $1.8 billion from 2027 to 2029 on new generation capacity, as tech firms race to secure electricity for power-hungry AI data centers.
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Technology
US Justice Dept tells staff to call AI 'super intelligence' under Trump order
WASHINGTON, Oct 6 (Reuters) - The US Justice Department directed its employees on Tuesday to use the words "super intelligence" instead of "artificial intelligence" when referring to the technology in most circumstances, including in court, according to a memo seen by Reuters.
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Technology
Anthropic opens its most powerful AI models to more security teams
Oct 6 (Reuters) - Anthropic is expanding a program that allows vetted cybersecurity professionals to test its most powerful AI models with fewer safeguards, after its Project Glasswing initiative helped uncover more than 100,000 software vulnerabilities this year.
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Technology
Nvidia-backed Lambda targets $4 billion raise ahead of planned IPO, WSJ reports
Oct 6 (Reuters) - Nvidia-backed cloud-computing company Lambda is raising up to $4 billion at a pre-money valuation of $14.5 billion in what would be its final funding round before a planned initial public offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
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Technology
Google fights £1 billion UK lawsuit over app store fees in latest Big Tech case
LONDON, Oct 6 (Reuters) - Google was accused of abusing its dominance to levy excessive commissions on app developers, as a mass consumer lawsuit worth over £1 billion ($1.33 billion) began in London on Tuesday.
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Technology
US software stocks scale fresh 2026 highs as AI disruption worries fade
Oct 6 (Reuters) - US software stocks are touching fresh 2026 highs, supported by a sharp rise in earnings expectations, which according to several analysts indicate that fears over AI-led disruption in the sector were largely overstated.
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Technology
Micron enters $600 million settlement of Netlist patent dispute
Oct 6 (Reuters) - Computer-memory company Netlist announced on Tuesday that Micron would pay $600 million to settle a patent dispute over Micron's memory chips.
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Technology
Citigroup bets on Meta's Muse as AI's 'front door to the internet'
Oct 6 (Reuters) - Citigroup estimates Meta's AI assistant Muse could generate more than $27 billion in revenue by 2030 as strong user adoption and growing engagement reinforce the platform's first-mover advantage in the emerging personal agent market.
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Technology
France's Mistral launches AI model it says outperforms some Chinese rivals
PARIS, Oct 6 (Reuters) - French AI startup Mistral unveiled a new AI model on Tuesday, ending a gap of about five months between major releases, and said it outperforms many rival open-weight models.
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Technology
SAP to acquire workforce data firm TechWolf
Oct 6 (Reuters) - German software company SAP said on Tuesday it had agreed to buy TechWolf, a Belgian company that analyses workforce data to map employees' skills and tasks, for an undisclosed sum.
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Technology
Google enters massive 3.6-GW power deal with Constellation Energy
NEW YORK, Oct 6 (Reuters) - Google has contracted for 3,590 megawatts of power from Constellation Energy in the largest US power grid, with new nuclear energy accounting for about a quarter of that supply, the companies said on Tuesday.
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Technology
Exclusive-Anthropic's Amodei made $18 million last year, middle of the tech CEO pack
NEW YORK/BOSTON, October 6 (Reuters) - Dario Amodei made $18 million last year as CEO of Claude AI developer Anthropic, the company's IPO filing shows, putting him in the middle ranks of top executives at major technology firms in terms of compensation.
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Technology
Factbox-Countries weigh banning smart glasses over privacy concerns
Oct 6 (Reuters) - Governments, courts and companies are considering restrictions and examining existing rules on smart glasses amid worries that the technology, brought to mainstream by Meta's Ray-Bans, could be used to photograph, film or audio-record confidential materials or people without their knowledge.
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Technology
Italy regulator probes AI music startup Suno over terms of service
ROME, Oct 6 (Reuters) - Italy's antitrust authority said on Tuesday it had opened an investigation into AI music startup Suno, saying some clauses in its terms of service may be unfair to consumers.
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AI
EU vows AI rules will protect Europeans. Will they?
AI agents going rogue and ever-louder doomsday warnings have led many in Europe to wonder: are the EU's artificial intelligence rules enough to protect against the potential dangers?
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Technology
UK watchdog opens first Online Safety Act probe into Meta
LONDON, Oct 6 (Reuters) - Britain's communications regulator opened its first formal investigation into Meta under the Online Safety Act on Tuesday, questioning whether it properly assessed risks posed by its Instagram Instants feature before launching it in May.
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Cybersecurity
OpenAI apologises for Australia Medicare hack
The artificial intelligence company apologised after its agents infiltrated nonpublic data on a government website. Australia is examining potential legal consequences and new AI regulations.
