Reuters : Technology (54)

Lyft raises another $500 million in additional round of funding

The additional funding round, led by Alphabet Inc's CapitalG, is an extension of the $1 billion round announced in October.

Exclusive: China's SenseTime plans IPO, U.S. R&D center as early as 2018

HONG KONG - Chinese artificial intelligence start-up SenseTime Group, valued at more than $2 billion, is planning an IPO and aims to open a U.S. research and development center as early as next year, its founder told Reuters.

Flat profit gives Angry Birds maker's shares the blues

HELSINKI - Angry Birds maker Rovio Entertainment fell short of market expectations for quarterly sales and profit on Thursday, sparking a near 20 percent fall in the Finnish firm's shares.

Amazon starts Australian trial after months of hype

SYDNEY - Inc's Australian arm began an order-taking trial on Thursday, giving life to the hype which has preceded its arrival in the world's No. 12 economy and weighed on the shares of the brick-and-mortar retail sector.

YouTube steps up takedowns as concerns about kids' videos grow

- YouTube stepped up enforcement of its guidelines for videos aimed at children, the unit of Alphabet Inc's Google said on Wednesday, responding to criticism that it has failed to protect children from adult content.

Dining goes digital for Thailand's street food vendors

BANGKOK - Bangkok's famous street-food vendors have joined the digital revolution, embracing payment via Quick Response barcodes that can be read using smartphones.

Exclusive: China's SenseTime plans IPO, aims to open R&D center in U.S.

HONG KONG - Chinese artificial intelligence start-up SenseTime Group is planning an initial public offering and aims to open a research and development center in the United States as early as next year, its founder told Reuters in an interview.

HPE CEO Whitman's surprise exit stumps Wall Street

- Shares of Hewlett Packard Enterprise Co fell 6 percent on Wednesday after Chief Executive Officer Meg Whitman's decision to step down from the role took Wall Street by surprise.

Digital currencies will not replace physical money soon: Bank of Japan official

TOKYO - Financial technology is fast revolutionizing the banking industry but digital currencies will not replace physical money any time soon, a senior Bank of Japan official said on Wednesday.

U.S. commission recommends tariffs to curb Samsung, LG washer imports

WASHINGTON/SEOUL - The U.S. International Trade Commission on Tuesday recommended tariffs to keep Samsung and LG from flooding the U.S. market with inexpensive washers, a step that would protect American appliance giant Whirlpool Corp .

TiVo wins set-top box patent case against Comcast

- The U.S. International Trade Commission has ruled in favor of Rovi Corp, which is now known as TiVo Corp, and prohibited Comcast Corp from importing and selling certain types of Rovi's Xfinity X1 set-top boxes.

Amazon tells Australian retailers to prepare for orders from Thursday: sources

SYDNEY - Inc has told its Australian sellers to be ready to take orders on Nov. 23, according to a retailer, the first time the global retail juggernaut has given a start date for doing business in the world No. 12 economy.

Samsung Electronics to set up AI research center

SEOUL - Samsung Electronics Co Ltd said on Wednesday it would create an artificial intelligence research center and strengthen an executive role to look for new business areas for all its three major business groups.

Uber paid hackers to cover up massive data breach

- Uber Technologies Inc paid hackers $100,000 to keep secret a massive breach last year that exposed the personal information of about 57 million accounts of the ride-service provider, the company said on Tuesday.

U.S. government warns businesses about cyber bug in Intel chips

- The U.S. government on Tuesday urged businesses to act on an Intel Corp alert about security flaws in widely used computer chips as industry researchers scrambled to understand the impact of the newly disclosed vulnerability.

CBS channels blacked out for Dish customers over carriage dispute

- CBS Corp's TV stations were blacked out for Dish Network Corp's customers over a network carriage deal dispute, the companies said early Tuesday.

Exclusive: Philippines' PT&T seeks partners for broadband, cell services, talks to Chinese firms

MANILA - Philippine Telegraph & Telephone Corp is talking to Chinese companies about forming strategic partnerships as part of plans to turn a niche player into a force in the domestic telecoms market, its chairman said on Tuesday.

Tencent's stellar share rally sees it surpass Facebook in market value

HONG KONG - Tencent Holdings Ltd has racked up some impressive gains this week - becoming the first Chinese firm to be worth more than $500 billion and surpassing Facebook to be the world's fifth-most valuable company.

Phones for urns: Hong Kong turns to virtual reality to honor ancestors

HONG KONG - A lack of space for cemeteries in crowded Hong Kong clashes with the age-old Chinese tradition of reverence for one's ancestors.

Bitcoin hits record high after smashing through $8,000 for first time

LONDON - Bitcoin hit a new record high on Monday after smashing through the $8,000 level for the first time over the weekend, marking an almost 50 percent climb in just eight days.

Tencent turns to WeChat, games and deals for global strategy

HONG KONG - China's biggest social network and gaming firm Tencent Holdings, which last week reported forecast-beating quarterly results, is close to making Malaysia the first foreign country to roll out its WeChat ecosystem, an executive told Reuters.

Marvell Technology to buy Cavium for $6 billion

- Chipmaker Marvell Technology Group Ltd said on Monday it would buy smaller rival Cavium Inc in a deal valued at about $6 billion as it seeks to expand its networking equipment business.

Toshiba gains breathing room with $5.4 billion share issue to overseas investors

TOKYO/HONG KONG - Toshiba Corp's planned $5.4 billion new share issue to overseas investors is set to provide it with most of the funds it needs to avoid a delisting - a quickly arranged deal that underscores both the weakness of its finances and the allure of its chips unit.

Toshiba $5 billion stock issue results in huge dilution but delisting risk removed

TOKYO - Toshiba Corp's plan to raise some $5.4 billion through a sale of new shares will help it avoid a delisting, but will also see more than 30 overseas investors, including activist funds, own 35 percent of the embattled conglomerate.

IBM could be set for gains after long slump: Barron's

NEW YORK - International Business Machines Corp could be the next blue-chip company with a rising valuation, according to a report in financial publication Barron's.

Marvell Technology clinches roughly $6 billion deal to buy Cavium: sources

- Chipmaker Marvell Technology Group Ltd has agreed to acquire smaller peer Cavium Inc for around $6 billion, as it seeks to expand in the networking equipment sector, people familiar with the matter said on Sunday.

Driverless cars set for UK budget boost: finance ministry

LONDON - British finance minister Philip Hammond's budget statement this week will include measures to encourage the development of driverless and electric cars, artificial intelligence and telecommunications, the finance ministry said on Sunday.

China Citic, Baidu launch direct bank in fintech push

BEIJING - China Citic Bank Corp and search engine giant Baidu Inc launched on Saturday a direct banking joint venture, dubbed AiBank, to capitalize on China's rapidly growing fintech sector.

Broadcom closes $5.5 billion Brocade deal

- Broadcom Ltd said on Friday it closed its acquisition of network gear maker Brocade Communications Systems Inc, giving it a larger share of the data center products market.

Wireless carriers on mute as Supreme Court hears big privacy case

WASHINGTON - The U.S. Supreme Court is set to consider a major cellphone privacy case later this month, but leading players in the wireless industry that is at the center of the closely watched dispute are keeping their distance.

Fork talk lifts bitcoin to all-time high near $8,000

LONDON - Bitcoin hit an all-time high just below $8,000 on Friday, on talk that a software upgrade whose suspension sent the cryptocurrency into a tailspin at the end of last week was, after all, going ahead within hours.

Metal recyclers prepare for electric car revolution

LONDON - Recycling companies are honing processes to extract metals from old batteries more cheaply and efficiently so they can capitalize on an expected shortfall in materials such as cobalt and lithium when sales of electric cars take off.

SAP sees margins flattening out in fourth quarter: CFO

BARCELONA - Europe's biggest technology company SAP expects profit margins to flatten out during the fourth quarter after three years of declines, with improving margins to begin to show up in 2018, Chief Financial Officer Luka Mucic said on Friday.

Jaguar Land Rover tests first driverless vehicle on public roads

LONDON - Britain's biggest automaker, Jaguar Land Rover , has tested its first driverless car on public roads, it said on Friday, as carmakers race against each other and tech firms to tap into new technologies.

SAP sees margins flattening out in fourth quarter: CFO

BARCELONA - Business software company SAP sees the potential for profit margins to hit bottom during the fourth quarter after three years of declines, with improving profits to begin to show up in 2018, Chief Financial Officer Luka Mucic said on Friday.

New $200,000 Tesla Roadster speeds in front of electric big-rig truck

HAWTHORNE, Calif. - Tesla Inc upstaged its own debut of an electric heavy duty truck on Thursday when a red Roadster pulled out of the big rig's trailer and Chief Executive Elon Musk said the new $200,000 sports car would be the fastest production car ever.

Qualcomm could win EU approval for NXP by end of year: Bloomberg

- U.S. smartphone chipmaker Qualcomm Inc may win European Union approval for its bid to acquire NXP Semiconductors NV by the end of the year, Bloomberg reported on Thursday, citing people familiar with the matter.

Chip gear maker Applied Materials posts strong results, forecast

- Applied Materials Inc reported better-than-expected quarterly results and gave a strong current-quarter forecast as the world's largest supplier of tools to make semiconductors enjoys strong demand in its chip and display businesses.

U.S. regulator votes to loosen media ownership rules

WASHINGTON - The U.S. Federal Communications Commission on Thursday voted to remove key roadblocks to increased consolidation among media companies, potentially unleashing new deals among TV, radio and newspaper owners as they seek to better compete with online media.

Momentum builds in U.S. for disclaimers on internet election ads

- U.S. regulators on Thursday kicked off a process that could result in mandatory disclaimers on election ads that appear on social media, a reaction to anonymous, Russia-linked ads on sites such as Facebook ahead of the 2016 U.S. elections.

Traditional banks should help govern fintech: Fed's Brainard

WASHINGTON - Traditional lenders should demand that online financial companies protect consumer privacy and money interests, Federal Reserve Governor Lael Brainard said on Thursday.

IBM urged to avoid working on 'extreme vetting' of U.S. immigrants

WASHINGTON - A coalition of rights groups launched an online petition on Thursday urging IBM Corp to declare that it will not develop technology to help the Trump administration carry out a proposal to identify people for visa denial and deportation from the United States.

China cyber watchdog rejects censorship critics, says internet must be 'orderly'

BEIJING - China's top cyber authority on Thursday rejected a recent report ranking it last out of 65 countries for press freedom, saying the internet must be "orderly" and the international community should join it in addressing fake news and other cyber issues.

Amex launches blockchain-based business payments using Ripple

LONDON - American Express has introduced instant blockchain-based payments using Ripple, a fintech start-up, for U.S. corporate customers sending funds to UK-based businesses that bank with Santander UK , the companies said on Thursday.

Daimler launches Tel Aviv hub for auto technologies

TEL AVIV - Daimler opened on Thursday a Mercedes-Benz research and development center in Tel Aviv, one of a growing number of multinational firms seeking to tap into Israel's auto technology expertise as the industry moves towards self-driving cars.

T-Mobile US to propose significant share buyback

BARCELONA - T-Mobile US will propose a "significant" share buyback that could start in December, CFO Braxton Carter said on Thursday, a sign that the third biggest carrier in the United States is confident in its outlook after the collapse of a merger with Sprint Corp.

Tesla to unveil electric big-rig truck in midst of Model 3 factory 'hell'

SAN FRANCISCO - Tesla Inc on Thursday will unveil a prototype electric big-rig truck, which may be able to drive itself, throwing the company into a new market even as it struggles to roll out an affordable sedan which is central to the company's future.

Uber's London license appeal could take years: Mayor Khan

LONDON - Uber's appeal process against a decision by London's transport regulator to strip the taxi app of its operating license in the British capital could take years, the Mayor of London Sadiq Khan said on Thursday.

T-Mobile to roll out U.S. 5G network by 2020

BARCELONA - T-Mobile US, the third-largest U.S. mobile operator, will roll out its fifth-generation network across the United States by 2020, Chief Technology Officer Neville Ray said on Thursday.

FCC plans to vote to overturn U.S. net neutrality rules in December: sources

WASHINGTON - The head of the Federal Communications Commission is set to unveil plans next week for a final vote to reverse a landmark 2015 net neutrality order barring the blocking or slowing of web content, two people briefed on the plans said.