July 31 (Reuters) – Memory chipmaker Western Digital Corp (WDC.O) forecast first-quarter revenue below Wall Street targets and a bigger-than-expected loss on Monday as weak demand, particularly for its cloud business, forces it to cut production. The company said it expects its current-quarter loss to include a charge of about $200 million to $220 million… Continue reading Untitled
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Technologycategory
Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Go to Source
Legalcategory
– A week after The University of Michigan Law School banned the use of popular artificial intelligence tools like ChatGPT on student applications, at least one school is going in the other direction. – New York-founded Simpson Thacher hired Angus Lennox as a real estate private equity partner in London from its long-time client Blackstone. … Continue reading Legalcategory
Terraform Labs must face US SEC fraud allegations, judge rules
NEW YORK, July 31 (Reuters) – Terraform Labs and its founder Do Kwon must face fraud allegations brought by the U.S. Securities and Exchange Commission, a federal judge in Manhattan ruled on Monday. Kwon and Terraform Labs were behind two cryptocurrencies whose implosion roiled crypto markets around the world last year. U.S. District Judge Jed… Continue reading Terraform Labs must face US SEC fraud allegations, judge rules
Democrat-led states support Biden in fight over moderating social media content
July 31 (Reuters) – A group of Democratic state attorneys general has urged a federal appeals court to lift an order sharply curbing the ability of government officials to push social media companies to moderate content they deem harmful. The top law enforcement officers of 20 states and the District of Columbia, led by New… Continue reading Democrat-led states support Biden in fight over moderating social media content
Foxconn’s EV consortium to use BlackBerry’s software
July 31 (Reuters) – BlackBerry (BB.TO), on Monday said that Foxconn-led (2317.TW) Mobility in Harmony (MIH) consortium has chosen the Canadian technology company to provide software and some services. The consortium’s electric vehicle (EV) platform will use BlackBerry’s QNX operating system for vehicles, and automotive artificial intelligence platform IVY to help process and store data… Continue reading Foxconn’s EV consortium to use BlackBerry’s software
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[1/2]An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File Photo July 31 (Reuters) – It’s a high bar, but companies reporting second-quarter earnings in recent weeks have talked up artificial intelligence even more than in the previous quarter. S&P 500 (.SPX) companies… Continue reading article with gallery
Technologycategory
Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Go to Source
China’s Leapmotor unveils new manufacturing platform, wants others to use it
SHANGHAI, July 31 (Reuters) – Chinese electric vehicle (EV) maker Zhejiang Leapmotor Technology (9863.HK) unveiled on Monday a new platform it developed in-house for making vehicles which its CEO said it wants to license to other automakers. The “Four Leaf Clover” architecture features an integrated computing platform capable of controlling all intelligent functions including an… Continue reading China’s Leapmotor unveils new manufacturing platform, wants others to use it
Tesla to cut prices on some Model 3, Model Y in HK -media
BEIJING, July 31 (Reuters) – U.S. automaker Tesla (TSLA.O) is set to cut prices on multiple variants of its Model 3 and Model Y vehicles in Hong Kong from Aug. 4, Hong Kong Economic Times reported on Monday. The discounts would range from 6% to 11.9%, according to the report. Reporting by Beijing Newsroom Our… Continue reading Tesla to cut prices on some Model 3, Model Y in HK -media