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EU, Google to develop voluntary AI pact ahead of new AI rules, EU’s Breton says

By Foo Yun Chee BRUSSELS (Reuters) - Alphabet and the European Commission aim to develop an artificial intelligence (AI) pact involving European and non-European companies ahead of rules to govern the

Chipmaker Analog Devices forecasts weak third-quarter results, shares fall

(Reuters) - Analog Devices Inc said on Wednesday that a turbulent economy would weigh on its third-quarter results, sending the chipmaker's shares down more than 5% in premarket trading. The company

Facebook owner Meta starts final round of layoffs

By Katie Paul NEW YORK (Reuters) -Meta Platforms Inc started carrying out the last batch of a three-part round of layoffs on Wednesday, according to a source familiar with the matter, as part of a

Alibaba unit ordered to pay NetEase $7.2 million over game copyright

By Josh Ye HONG KONG (Reuters) -A Chinese court has ordered an Alibaba Group unit that developed the hit mobile game "Three Kingdoms Tactics" to pay NetEase Inc 50 million yuan ($7.2 million) in

China’s Lenovo quarterly revenue hit by PC demand slump

By Josh Ye HONG KONG (Reuters) -Lenovo's fourth quarter revenue fell 24% and it cut 8% to 9% of its workforce, the Chinese group said on Wednesday, as demand for personal computers (PCs) continued to

Hong Kong regulator to issue crypto licences with retail investor guardrails

By Georgina Lee HONG KONG (Reuters) - Hong Kong's securities regulator said its crypto licensing regime will include measures to protect retail investors as it brings in tougher rules for digital

U.S. silicon photonics chip startup Ayar Labs gets AI funding boost

By Jane Lanhee Lee OAKLAND, California (Reuters) - Silicon Valley chip startup Ayar Labs raised another $25 million after its latest funding round closed, as demand has increased for faster, more

AI startup Figure raises $70 million to build humanoid robots

By Krystal Hu (Reuters) - Figure, a startup that wants to build general-purpose humanoid robots, has raised $70 million from investors led by Parkway Venture Capital in its first external round, the

Xiaomi Q1 revenue falls 18.9% as global smartphone demand stalls

SHANGHAI (Reuters) -Xiaomi Corp reported a 18.9% drop in quarterly revenue on Wednesday as consumer demand for smartphones remained weak even as the economy recovered from the COVID-19 pandemic. Sales

Xiaomi Q1 revenue falls 18.8%, net income up 13.1%

(Corrects headline to 18.9% from 18.8%) SHANGHAI (Reuters) - Xiaomi Corp posted on Wednesday revenue of 59.5 billion yuan ($8.61 billion) for the quarter ending in March, down 18.9% and line with

On Camera

Elections showed that Manipur still has faith in democracy. Will new govt deliver?

The people of conflict-torn Manipur will have every right to feel betrayed if the new government doesn’t break its silence and show its commitment to addressing the state's issues.

Cash-strapped Karnataka hikes fuel tax by Rs 3/l, could earn Rs 2,500-3,000 cr more per yr

Move to bring down differences in commodity prices with neighbouring states, says government. Oppn, dealers blame it on welfare, Congress's guarantees.

With an eye on China, IAF expands taxi track at Leh airport, new shelters being built

Expanded taxi track is smaller than those meant for civilian operations, but is long enough for fighters & military transport aircraft to operate.

Sangh wants BJP to know it’s not dispensable. It’s a rap on the knuckles, nothing more

Occasional lovers’ tiffs have marked history of RSS-BJP relations. To think that Nagpur will bring about any change in leadership is a misreading of both its intent and its power.