Technology

Tech innovation, startups, and digital transformation.

OpenAI cuts funding target by $10 billion, FT reports

In a surprising turn of events, the tech landscape is buzzing with news of OpenAI's latest funding strategy. Just last week, the artificial intelligence powerhouse made a significant adjustment to its financial goals, reducing its target by a staggering $10 billion. This move signifies a shift in...

Tommy Anderson

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Technology•11h

Indian broadcaster Zee’s profit falls as FIFA-related costs weigh

Oct 30 (Reuters) India’s Zee Entertainment Enterprises reported a 38% drop in quarterly profit on Friday, as costs related to the FIFA World Cup ‌broadcast and other initiatives offset gains from subscription growth. Here are some details: • The broadcaster s consolidated profit fell to 478...

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Technology•13h

North Korean hackers linked to crypto thefts among world’s best, experts say

By AJ Vicens Oct 30 (Reuters) North Korean hackers likely behind the record $6.3 billion theft from cryptocurrency exchange Binance are among the world s most prolific crypto thieves, and the proceeds help fund the country s weapons programs, cybersecurity experts said on Friday. Blockchain...

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Technology•14h

Alliant targets 1 GW of new data-center contracts in six months as power demand surges

By Varun Sahay and Tyakshi Singh Oct 30 (Reuters) Alliant Energy expects to sign contracts for about 1 gigawatt of additional data-center demand within six months, its finance chief said on Friday, as rising AI use and growing electrification push ‌US power demand to record highs. The new load...

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Technology•15h

Fed needs at least two more rate hikes, Logan says

By Ann Saphir Oct 30 (Reuters) The Federal Reserve needs to raise rates at least two more times to get inflation under control, Dallas Fed President Lorie Logan said on Friday, in some of the most explicit rate guidance offered by a US central banker since Fed ‌Chairman Kevin Warsh took the helm...

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Technology•15h

OpenAI to limit weapons information for teens on ChatGPT in violence-prevention push

Oct 30 (Reuters) OpenAI said on Friday it is tightening limits on the weapons-related information ChatGPT provides to teens, even when a question appears harmless, as part of new safeguards aimed at preventing ‌real-world violence. The move comes as AI companies face growing scrutiny over the...

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Technology•17h

Big Tech returns smallest share of cash to shareholders in 15 years, given AI spending

By Patturaja Murugaboopathy Oct 30 (Reuters) The biggest US technology companies generated record amounts of cash in the first nine months of 2026, yet returned the smallest share of it to shareholders in at least 15 years as surging artificial intelligence spending squeezed share buybacks. The...

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Technology•17h

Nasdaq faces $2 trillion wipeout in October as AI spending fears deepen

(Corrects designation of John Bilton in paragraph 8) By Johann M Cherian and Shashwat Chauhan Oct 30 (Reuters) More than $2 trillion in market value is set to be wiped from the tech-heavy Nasdaq 100 this month, as Big Tech earnings intensified investor scrutiny of whether the billions being poured...

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Technology•19h

Nasdaq tumbles at open as Amazon, Intel add to AI spending woes

Oct 30 (Reuters) The Nasdaq opened at its lowest level in ‌more than two months on Friday, after Amazon s aggressive ‌AI spending ⁠plan and Intel s ⁠cash burn warning intensified investor concerns about escalating costs of AI infrastructure buildout ⁠and ⁠the return timeline. The Dow Jones...

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Technology•19h

Investors pull money from US equity funds ahead of earnings reports from AI hyperscalers

Oct 30 (Reuters) US equity funds recorded their first weekly outflows in three weeks in the week ended October 28, as investors grew cautious ahead of earnings from major ‌AI hyperscalers amid concerns about the rising cost of their AI build-outs. Investors withdrew a net $6.65 billion from US...

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Technology•19h

Golden Pheasant Curry is a delicious new way to serve game bird

Editor's Note: This is a limited series featuring wild game recipes from local wild game chef Jeff Benda, author of the Wild Game Fish Cookbook. More content is available on his website, wildgameandfish.com, and Instagram. Anyone who has hunted pheasants in North Dakota knows the pleasure of a cold...

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Technology•20h

Global equity funds draw inflows for a sixth straight week

Oct 30 (Reuters) Global equity funds saw substantial inflows in the week ended October 28, though at a slower pace, as a rebound in AI and chip stocks, led by South Korea’s SK Hynix ‌after record quarterly profit, lifted demand for technology and Asian funds. Investors bought a net $10.19 billion...

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Technology•21h

Reddit, Pinterest shares tumble on weak user and revenue growth

Oct 30 (Reuters) Shares of Reddit and Pinterest fell in premarket trading on Friday, after Reddit warned that Google s AI search features could shrink its user base, and Pinterest forecast ‌weak fourth-quarter revenue. Reddit shares tumbled 23%, while Pinterest slumped 8%. Here are more details: •...

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