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Apple to launch 'Upgrade' device leasing program to spur sales, Bloomberg News reports

Apple to launch 'Upgrade' device leasing program to spur sales, Bloomberg News reports

July 21 (Reuters) - Apple is launching a device leasing program called 'Apple Upgrade' on July 28 in the U.S. to boost sales, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.
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US lawmakers urge Trump to act against EU tech rules, suggest trade probes

US lawmakers urge Trump to act against EU tech rules, suggest trade probes

By Foo Yun Chee BRUSSELS, July 21 (Reuters) - A group of 25 U.S. lawmakers has written to U.S. President Donald Trump urging him to act against Europe's tech rules including launching trade investigations, saying EU digital policies unfairly target U.S. Big Tech. 
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US exchanges to see volume boost, but regulatory stance to take center stage

US exchanges to see volume boost, but regulatory stance to take center stage

By Utkarsh Shetti July 21 (Reuters) - U.S. exchanges will this week start reporting results, which will see a boost from volatility-driven trading volumes, but analysts are likely to weigh that against worries over the regulatory environment and potential higher competition from newer entrants.
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China considers tighter export controls on AI models and chips, FT reports

China considers tighter export controls on AI models and chips, FT reports

July 21 (Reuters) - Chinese authorities are considering tightening export controls on AI and semiconductor technologies, the Financial Times reported on Tuesday. 
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World Cup final draws record US audience, signals soccer's mainstream moment

World Cup final draws record US audience, signals soccer's mainstream moment

By Aditya Soni and Jaspreet Singh July 21 (Reuters) - Nearly 63 million Americans tuned in to watch Spain beat Argentina in the FIFA World Cup final on Sunday, shattering viewership records and underscoring soccer's growing appeal in the U.S. after decades of efforts to broaden its audience.
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Google updates lightweight Gemini models, but flagship still delayed

Google updates lightweight Gemini models, but flagship still delayed

By Kenrick Cai SAN FRANCISCO, July 21 (Reuters) - Alphabet’s Google on Tuesday released a trio of cheaper versions of its Gemini AI model, but shared no timing updates for the flagship Pro model that has already seen its launch delayed by several weeks.
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Tech Giants Drive AI Economy Amidst Concerns Over Sustainability

Tech Giants Drive AI Economy Amidst Concerns Over Sustainability

Tech Giants Drive AI Economy Amidst Concerns Over Sustainability
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Alphabet's Gemini delay, spending worries loom over earnings

Alphabet's Gemini delay, spending worries loom over earnings

By Deborah Mary Sophia and Rashika Singh July 21 (Reuters) - Alphabet faces heightened scrutiny from investors as a delay in the launch of a model key to its AI ambitions adds to worries over the payoff from massive data-center spending, months after raising expectations with a blockbuster quarter
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China's AI Models Challenge U.S. Tech Industry Amidst Trump Administration's Regulatory Debate

China's AI Models Challenge U.S. Tech Industry Amidst Trump Administration's Regulatory Debate

The release of Kimi, a free AI model by Chinese company Moonshot, has sparked controversy within the U.S. tech industry and the Trump administration. The model rivals those from U.S. companies like OpenAI and Anthropic, raising concerns about competition and national security. Former Trump advisors are divided on how to respond, with some advocating for more government intervention to regulate AI models. The administration is considering a review process to vet AI models' security before release, reflecting concerns over the potential misuse of powerful AI technologies.
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How PayPal went from Wall Street favorite to unwilling merger target

How PayPal went from Wall Street favorite to unwilling merger target

By Hannah Lang, Milana Vinn and Manya Saini July 20 (Reuters) - Five years ago PayPal was a Wall Street favorite and a leader in digital payments. Since then the stock has plunged, Apple Pay dominates payment services in the U.S. and PayPal is facing a takeover bid it does not like.
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UK government, Bezos back CuspAI's $450 million round as startup seeks to discover new materials

UK government, Bezos back CuspAI's $450 million round as startup seeks to discover new materials

July 20 (Reuters) - Britain's CuspAI said on Monday it has raised $450 million from investors including the UK government and Amazon founder Jeff Bezos' investment fund, as the startup looks to discover brand-new materials that could advance important industries, including chips. 
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European shares muted as markets assess US-Iran jitters; tech earnings loom

European shares muted as markets assess US-Iran jitters; tech earnings loom

By Tharuniyaa Lakshmi July 20 (Reuters) - European shares were muted on Monday as an escalating U.S.-Iran conflict drove oil prices higher, stoking inflation fears just as markets head into another global corporate earnings season.