Category Archives: (Midwest Communications, Inc. Syndication Interface) Technology News (Master Feed)
Meta hit by record 1.2 billion euro fine by EU over U.S. data transfers
DUBLIN (Reuters) - Meta was hit on Monday with a record 1.2 billion euro ($1.3 billion) fine by its lead privacy regulator in the European Union for its handling of user information and given five mon...
May 22, 2023
Applied Materials to invest $4 billion in Silicon Valley chip research center
By Jane Lanhee Lee and Stephen Nellis SANTA CLARA, California (Reuters) - U.S. semiconductor toolmaker Applied Materials Inc on Monday said it plans to spend up to $4 billion on a research center in t...
May 22, 2023
Meta fined $1.3 billion over data transfers to US – WSJ
(Reuters) - Facebook owner Meta Platforms Inc has been fined $1.3 billion by European Union privacy regulators for sending user information to the United States, the Wall Street Journal reported on Mo...
May 22, 2023
India’s PhonePe raises additional $100 million from General Atlantic
BENGALURU (Reuters) -Walmart Inc-owned Indian payments firm PhonePe on Monday said that it has secured an additional $100 million from private equity firm General Atlantic, in the latest round of its ...
May 22, 2023
Volvo wins record order for electric trucks from Holcim
OSLO (Reuters) -Volvo Trucks said on Monday it has signed a letter of intent to sell 1,000 electric trucks to Swiss building solutions provider Holcim for delivery in the next seven years. "The deal i...
May 22, 2023
Nvidia chips away at Intel, AMD turf in supercomputers
By Stephen Nellis (Reuters) - Nvidia Corp on Monday said it has worked with the U.K.'s University of Bristol to build a new supercomputer using a new Nvidia chip that would compete with Intel Corp and...
May 22, 2023
India’s TCS receives $1.83 billion-worth advance purchase order from BSNL
BENGALURU (Reuters) - Tata Consultancy Services on Monday said it received an advance purchase order valued over 150 billion rupees ($1.83 billion) to deploy a 4G network across the country from India...
May 22, 2023
Analysis-Regulators dust off rule books to tackle generative AI like ChatGPT
By Martin Coulter and Supantha Mukherjee LONDON/STOCKHOLM (Reuters) - As the race to develop more powerful artificial intelligence services like ChatGPT accelerates, some regulators are relying on old...
May 22, 2023
China’s Wuling Motors cuts Mini EV starting prices to as low as 29,800 yuan
BEIJING (Reuters) - China's Wuling Motors has lowered starting prices for its Mini EV electric vehicles to as low as 29,800 yuan ($4,300), the company said on Monday. Some new energy vehicle models sa...
May 21, 2023
Chinese chipmakers’ shares rise after China fails Micron in security review
SHANGHAI (Reuters) - Shares in some Chinese memory chipmaking-related companies opened up on Monday after China failed Micron Technology in a security review. China's cyberspace regulator said on Sund...
May 21, 2023
