Tag: Business
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Meta to pause internal mouse-tracking tech while examining data security issues
(Corrects to say ‘documentation showed’ not ‘document said’ in paragraph 12)By Katie Paul and Jaspreet SinghJune 22 : Meta said on Monday it will pause an internal program that tracks employee mouse movements and digital activity for AI training as the social media giant investigates data security con
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Japan’s Katayama, US Treasury’s Bessent hold online talks, source says
TOKYO, June 22 : Japanese Finance Minister Satsuki Katayama held an online meeting with U.S. Treasury Secretary Scott Bessent late on Monday, a source close to the discussion said, as concerns grow over sharp currency swings.The meeting focused on policy responses to the historically weak yen, potentially inc
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‘Five Eyes’ intelligence alliance warns that new AI models pose urgent cyber risk
WASHINGTON, June 22 : Cutting-edge artificial intelligence technology is poised to supercharge offensive hacking capabilities and urgent action is needed to face up to the threat, U.S., British, Canadian, Australian and New Zealand officials said on Monday.The intelligence alliance commonly known as the “Fi
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Oracle workforce shrinks by about 21,000 employees amid AI adoption
June 22 : Oracle’s total workforce declined 13 per cent, or about 21,000 employees in fiscal 2026, as the cloud computing giant continued restructuring its business, partly driven by the adoption of AI across its operations.The company had a total workforce of 141,000 as of May 31, 2026, compared with about 1
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Solar manufacturing group seeks US tariff probe into Korean imports
June 22 : Three solar panel makers asked U.S. trade officials to investigate cell imports from South Korea, saying producers including Hanwha’s Qcells are using them to evade longstanding U.S. tariffs on Chinese products, according to a petition viewed by Reuters.The petition was filed with the Department of
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BP, Marathon, 7-Eleven, Walmart sued for allegedly using AI to boost California gas prices
June 22 : Gas station operators including BP, Circle K, Marathon Petroleum, 7-Eleven, Walmart and Albertsons were sued on Monday by California drivers who accused them of using artificial intelligence to boost prices at the pump.According to a proposed class action, the defendants violated California’s main a
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IBM partners with OpenAI on enterprise security AI
June 22 : IBM on Monday said it has partnered with OpenAI to integrate frontier AI capabilities into enterprise security workflows, aiming to counter rapidly evolving cyber threats.Shares of the company rose 3.6 per cent in trading after the bell.Here are a few details on the partnership:• IBM
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UK considers forcing social media firms to prioritise trusted news
LONDON, June 22 : Britain is considering forcing social media companies to prioritise what the government called trusted news sources as part of its broader push to tighten regulation of the sector.The culture department said on Monday it was considering requiring platforms such as Meta’s Facebook, Alphabet-o
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Japan’s Katayama, US Treasury’s Bessent hold online talks to discuss yen, TBS reports
TOKYO, June 22 : Japanese Finance Minister Katayama held an online meeting with U.S. Treasury Secretary Scott Bessent late Monday to discuss the yen’s sharp decline, local broadcaster TBS reported, citing people familiar with the matter.The discussions focused on policy responses to the historically weak yen,
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Qualcomm nearing deal for AI chip startup Modular, Bloomberg News reports
June 22 : Qualcomm is in advanced discussions to acquire Modular Inc in a transaction valuing the AI chip company at about $4 billion, Bloomberg News reported on Monday, citing people familiar with the matter.If completed, the deal would mark a significant step-up from the $1.6 billion valuation Modular secur
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