Technology News

By Yantoultra Ngui and Samuel Shen SINGAPORE/SHANGHAI, July 27 (Reuters) - Shares of CXMT Corp surged nearly 470% at their Shanghai debut on Monday after Asia's biggest IPO this ​year, catapulting the chipmaker to the top of ‌China's stock market by va...

July 26 (Reuters) - Nvidia is in talks to provide roughly $250 billion in financing guarantees for OpenAI as part of a massive data center project, the Wall Street Journal reported on Sunday. The ​backstop from Nvidia would help the ChatGPT maker lease...

SEOUL, July 27 (Reuters) - South ​Korea's ‌Naver said in ‌a ​regulatory ⁠filing on ⁠Monday that Nvidia will acquire $1 ​billion ⁠of ⁠its ​shares to ​be newly issued ‌as part ⁠of an investment partnership ⁠to ‌build ⁠a ​new ‌data center. (Reporting ​by...

By Liz Lee and Yantoultra Ngui BEIJING/SINGAPORE, July 26 (Reuters) - Shein swung to a $99 million net loss in the first quarter of this year, the draft Hong Kong listing prospectus of the online fast-fashion ​retailer showed, as its sales took a hit f...

July 25 (Reuters) - Chinese AI ​startup ‌DeepSeek has told prospective investors ‌in ​its ⁠second ⁠fundraising round that it is ​suspending the ⁠deal ⁠for now, ​Bloomberg News ​reported on ‌Saturday, citing people familiar ⁠with the matter. Reuters cou...

By Heekyong Yang SEOUL, July 25 (Reuters) - Samsung Electronics said on Saturday it struck a pact with U.S. chip designer Broadcom to widen cooperation across memory chips, contract chip ​making and advanced packaging envisaged to exceed $200 billion u...

SEOUL, July 25 (Reuters) - South Korea's Samsung ​Electronics and ‌SK Hynix will pursue memory chip supply ‌partnership ​with ⁠U.S. big tech ⁠companies including Nvidia worth $950 billion overall, South ​Korea's presidential adviser said ⁠on ⁠Saturday....

BEIJING, July 25 (Reuters) - China's market regulator said on Saturday it had fined and confiscated a total of 5.2 billion yuan ($770 million) ​from Trip.com Group for abusing its ‌dominant position in the domestic online hotel-booking market. Trip.com...

By Max A. Cherney and Heekyong Yang SAN FRANCISCO/SEOUL, July 24 (Reuters) - South Korean President Lee Jae Myung hosted an AI summit in San Francisco on Friday, bringing together the heads of leading AI developers with top South Korean business figure...

SAN FRANCISCO, July 24 (Reuters) - Nvidia and South Korea's SK Group on Friday ​unveiled a more ‌than $500 billion AI initiative spanning large-scale AI data centers and next-generation memory, Nvidia said. The initiative ‌includes ​a long-term ⁠partne...

By Raphael Satter, Deepa Seetharaman and Kenrick Cai WASHINGTON/SAN FRANCISCO, July 24 (Reuters) - The OpenAI agent that broke into tech firm Hugging Face went on a dayslong hacking spree that OpenAI didn't notice until well after the threat was conta...

By Jonathan Stempel July 24 (Reuters) - A divided federal appeals court on Friday blocked Texas from enforcing a key provision of a state law meant to shield children from harm through using social media. Trade groups had challenged a requirement ​that...

By Stephen Nellis SAN FRANCISCO, July 24 (Reuters) - Nvidia, Microsoft and other tech heavyweights made a public case to lawmakers on Friday in favor of open-source AI models, wading into a debate roiling ​the business and policy worlds over who contro...

(Corrects to say Trump in paragraph 3) July 24 (Reuters) - U.S. President ​Donald Trump on Friday ‌blasted the European Union over what he called its illegal decision to fine ‌Alphabet's ​Google, saying ⁠Washington would launch ⁠a probe into the bloc's...

July 24 (Reuters) - Smartphone chipmaker Qualcomm told customers it would raise prices by a ​percentage in the double ‌digits due to rising costs, Bloomberg News reported on Friday, citing a letter sent to clients. Here ‌are ​some details: • Qualcomm ⁠...

By Joanna Plucinska and Shivansh Tiwary FARNBOROUGH, England, July 24 (Reuters) - For Hassan Butt, a 17-year-old British student volunteering at the Farnborough airshow this week, there was nothing cooler than watching the planes and thinking about the...

July 24 (Reuters) - Verizon CEO Dan Schulman said ​on ‌Friday the company has secured a deal with ‌Google, ​valued ⁠at more than $1 ⁠billion, to provide dark fiber connectivity for ​the search engine giant's ⁠data ⁠centers. "We have other ​deals that w...

SEOUL, July 24 (Reuters) - South Korean chipmakers Samsung Electronics and SK Hynix will announce large supply deals with ​U.S. technology companies during President ‌Lee Jae Myung's visit to San Francisco, a senior presidential official said. Kim Yong...

July 24 (Reuters) - Meta on Friday launched a new app called "Seller" to offer dedicated selling tools to merchants using the ​company's Facebook Marketplace platform for buying and ‌selling items. Increasing shopping activity on Facebook groups prompt...

July 23 (Reuters) - Charter Communications on Friday reported steeper-than-expected losses in its quarterly broadband customer base, as traditional cable internet faces stiff ​competition from telecom rivals that have doubled ‌down on promotional offer...