IOTA launches $100 million entity in Abu Dhabi to create digital network
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Global technology network IOTA on Wednesday launched a $100-million foundation in Abu Dhabi to accelerate the growth of its distributed ledger technology (DLT) in the Middle East, aiming to help convert real-world assets into
Retail traders reignite rally in GameStop shares
By Medha Singh and Saqib Iqbal Ahmed (Reuters) - Retail traders powered a nearly 20% jump in GameStop shares to a two-month high in regular trading on Wednesday, extending a rally ahead of the company's quarterly results next week and underscoring
Ransomware group ‘Black Basta’ has raked in more than $100 million
By Raphael Satter WASHINGTON (Reuters) - A cyber extortion gang suspected of being an offshoot of the notorious Russian Conti group of hackers has raked in more than $100 million since it emerged last year, researchers said in a report published
TikTok, Meta, X CEOs to testify at US Senate hearing in January
By David Shepardson WASHINGTON (Reuters) - The chief executives of social media companies Meta, X, TikTok, Snap and Discord will testify on online child sexual exploitation at a Jan. 31 U.S. Senate hearing, the Senate Judiciary Committee said on Wednesday. Senator Dick
In a first, a newborn star’s spinning disk is seen in another galaxy
By Will Dunham WASHINGTON (Reuters) - Our sun and other stars form when a dense clump of interstellar gas and dust collapses under its own gravitational pull. Once a star is born at the center of such a cloud, leftover material
Rakuten’s mobile misadventure: from ambitious plan to millstone
By Anton Bridge TOKYO (Reuters) - When Japan's Rakuten launched a mobile service network in 2020, the e-commerce and fintech giant promised to disrupt the world's third-largest telecoms market. It's done that in part, but the greater shake-up has been to
Alexa, Amazon’s smart assistant enters a new era with GenAI
Five years of Alexa and big numbers seal the interaction between people and Amazon's smart speaker. To celebrate the anniversary, Amazon Italy organised a party meeting with the press at the Amazon Black Friday Fun House, a temporary shop opened for
Uber tries to win over London black cabs
By Farouq Suleiman and Sarah Young LONDON (Reuters) - Uber will open up its platform to London's black cabs next year, the ride-hailing firm said on Wednesday, trying to win over the British capital's taxis after a decade of tensions. London's black
Prosus cuts India’s Byju’s valuation to under $3 billion
By M. Sriram and Aditya Kalra MUMBAI (Reuters) - Tech investor Prosus NV said on Wednesday it was valuing Indian education firm Byju's at under $3 billion, 86% less than its peak valuation of $22 billion last year, after the company