The European Commission has designated ChatGPT, Reddit and Roblox as very large online platforms or search engines under the bloc's Digital Services Act, meaning the two tech giants will have more responsibilities in Europe. The designation is based on their large market share in the EU and imposes a more stringent regime of obligations, including …

OpenAI has said it will terminate its use of the AI coding service Cursor, which is owned by Elon Musk's SpaceX, marking yet another development in a rocky partnership between the two founders. It follows a series of worries stemming from OpenAI's fears about what the technology could be applied to after SpaceX acquired Anysphere, …

Julia Donnelly, Pinterest's CFO, has announced her resignation from the company effective October 30, which will bring a major change to the leadership of image-sharing and digital advertising platform Pinterest. Now Pinterest's newest hire, Donnelly has announced that he will leave to make a move to a private early-stage business. The company has already initiated …

The proposed acquisition of PayPal by a consortium involving private equity firm Advent International and payments company Stripe has reportedly been abandoned, according to a Bloomberg News report published on August 27. The development marks a significant change in what had emerged as one of the most closely watched potential deals in the global payments …

Honda and Nissan are reportedly getting closer on a deal that would involve the Japanese automaker sharing technology in the onboard computer and an operating system in future vehicles. The technology may be used in new vehicles as early as 2029, a report by Nikkei Asia said, as the two companies aim to boost co-operation …

Huawei is planning to deepen its collaboration with Chinese pharmaceutical companies as it looks to expand the role of artificial intelligence across drug development, clinical practice and healthcare implementation. The technology giant is increasingly focusing on healthcare applications for AI, reflecting the wider shift within the pharmaceutical industry toward advanced computing, modelling systems and automation. …

Nvidia has once again placed itself at the centre of the artificial intelligence investment story after delivering an unusually strong long-term revenue outlook that sent semiconductor stocks sharply higher. The company’s latest forecast offered investors something they had been looking for amid growing concerns about whether the enormous spending on AI infrastructure can continue. Instead …

Meta Platforms has agreed to a major settlement with almost all U.S. states for claims that Facebook and Instagram were intentionally engineered to be addictive for children and teens. The deal, which will cost the firm up to $18 billion over 10 years, is one of the highest payouts from a tech firm. However, the …

Microsoft is said to be negotiating with Chinese artificial intelligence firm Moonshot AI on a revenue-sharing deal to have its Kimi K3 model run on Microsoft Azure. The negotiations occur at a delicate moment for the worldwide AI business, as China's technology companies expand overseas, and the U.S. government has tightened limitations on such highly …

In a lawsuit against the technology company over its alleged "harmful influence" on young people with Facebook and Instagram, attorneys general from several US states have reportedly met with Meta Platforms on the prospect of a settlement. The talks are going on as a federal trial is already underway in California, and the potential settlement …

Instagram chief Adam Mosseri faced intense questioning in a federal court on August 25 as Meta Platforms defended itself against allegations that its social media platforms were designed in ways that could encourage addictive use among children and teenagers. During his testimony, Mosseri acknowledged that only a small percentage of teenagers were using Instagram’s “Take …

Brazil has imposed a 153.8 million reais fine, equivalent to about $29.8 million, on ByteDance, the Chinese technology company that owns TikTok, over the alleged unlawful processing of personal data belonging to teenagers. The penalty was issued by Brazil’s data protection authority, the Autoridade Nacional de Proteção de Dados, or ANPD, as regulators increase pressure …

Bitcoin climbed above the $80,000 mark on Tuesday, reaching its strongest level in more than three months as weakness in the U.S. dollar and renewed concerns about currency debasement encouraged investors to move toward digital assets. The latest rally reflects a broader shift in market sentiment, with developments in U.S. Treasury policy, bond yields and …