Technology

Volkswagen closes $2.6 billion investment in self-driving startup Argo AI

Technology News (Reuters) - Tue, 06/02/2020 - 06:04
German automaker Volkswagen AG has closed its $2.6 billion investment in Argo AI, the Pittsburgh-based self-driving startup disclosed in a blog post on Tuesday.
Categories: Technology

Facebook staffers walk out saying Trump's posts should be reined in

Technology News (Reuters) - Tue, 06/02/2020 - 03:49
Facebook employees walked away from their work-from-home desks on Monday and took to Twitter to accuse Chief Executive Mark Zuckerberg of inadequately policing U.S. President Donald Trump's posts as strictly as the rival platform has done.
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Chinese telecom firms urge FCC not to block U.S. operations

Technology News (Reuters) - Tue, 06/02/2020 - 03:46
Pacific Networks Corp and its wholly owned subsidiary ComNet (USA) LLC on Monday urged the Federal Communications Commission (FCC) not to shut down its U.S. operations.
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SoftBank Vision Fund head's pay doubled last year despite massive losses

Technology News (Reuters) - Tue, 06/02/2020 - 02:57
(This May 29 story corrects Mizuho borrowing to 912 million, not 1.39 trillion yen, in paragraph 6 and borrowing from the three big Japanese banks to almost 2 trillion yen, not 2.45 trillion yen, in paragraph 7 after SoftBank issues corrected filing)
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Facebook, Snapchat join chorus of companies condemning George Floyd death, racism

Technology News (Reuters) - Tue, 06/02/2020 - 00:54
Facebook Inc and Snapchat developer Snap Inc became the latest U.S. companies condemning racial inequality in the United States as violent protests flared up across major cities over the death of George Floyd, an unarmed black man who died while in police custody in Minneapolis last week.
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Facebook's Zuckerberg faces employee backlash over Trump protest comments

Technology News (Reuters) - Mon, 06/01/2020 - 23:09
Facebook employees accusing Chief Executive Mark Zuckerberg of inadequately policing U.S. President Donald Trump's posts took to Twitter to praise the rival social media platform for acting and rebuke their own employer.
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Italy launches COVID-19 contact-tracing app amid privacy concerns

Technology News (Reuters) - Mon, 06/01/2020 - 20:19
Italy on Monday released a contested mobile app to trace coronavirus infections in four regions before extending it to the whole country, despite widespread resistance from people concerned about invasion of privacy.
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Trump's push to regulate social media faces uphill battle at FCC

Technology News (Reuters) - Mon, 06/01/2020 - 20:05
U.S. President Donald Trump's effort to regulate social media companies' content decisions may face an uphill battle from regulators who have previously said they cannot oversee the conduct of internet firms.
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Trump backpedals after 'shooting' threat to Minneapolis protesters

Technology News (Reuters) - Mon, 06/01/2020 - 17:26
(In May 29 story, corrects wording of Trump tweet in second paragraph; changes headline)
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China's NetEase targets global expansion with $2.6 billion HK listing

Technology News (Reuters) - Mon, 06/01/2020 - 14:58
Chinese online gaming firm NetEase plans to raise about $2.6 billion to fund expansion through its secondary listing which began on Monday, a term sheet seen by Reuters showed, marking Hong Kong's largest equity deal so far this year.
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Must finish work on impact of U.S. sanctions before any Huawei update, says UK PM's spokesman

Technology News (Reuters) - Mon, 06/01/2020 - 14:50
The first step for any decision on Chinese telecoms company Huawei is for Britain's National Cyber Security Centre (NCSC) to finish its work on the impact of U.S. sanctions, a spokesman for British Prime Minister Boris Johnson said on Monday.
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Trump's social media regulation push faces key hurdle at the FCC

Technology News (Reuters) - Mon, 06/01/2020 - 13:23
U.S. President Donald Trump's effort to regulate social media companies' content decisions may face an uphill battle from regulators who have previously said they cannot oversee the conduct of internet firms.
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Buffett-backed BYD to supply EV batteries to Ford

Technology News (Reuters) - Mon, 06/01/2020 - 13:02
Chinese electric vehicle (EV) maker BYD Co Ltd , will supply EV batteries to U.S. automaker Ford Motor Co , a document on the website of the Ministry of Industry and Information Technology showed on Monday.
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Canada's Suncor CEO sees electric vehicles disrupting oil demand as much as coronavirus

Technology News (Reuters) - Mon, 06/01/2020 - 12:18
The shift to electric vehicles and other low-carbon technologies could disrupt crude oil demand on a similar scale to the coronavirus pandemic, Suncor Energy Inc's chief executive said on Monday.
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Armed with disinfectant and admonishments, South Korean robot fights coronavirus spread

Technology News (Reuters) - Mon, 06/01/2020 - 10:53
A self-driving robot equipped with cameras and an LED screen greets visitors at the lobby in the headquarters of South Korea's largest mobile operator, checking their temperature, dispensing hand sanitiser and disinfecting the floor.
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India asks internet service providers to block WeTransfer

Technology News (Reuters) - Mon, 06/01/2020 - 09:17
India has ordered its internet service providers (ISPs) to block file-sharing website WeTransfer at a time when hundreds of millions of people are working from home because of a nationwide lockdown to stop the novel coronavirus.
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Samsung to add new memory chip line in South Korea as COVID-19 boosts demand

Technology News (Reuters) - Mon, 06/01/2020 - 05:12
Samsung Electronics Co Ltd said on Monday it has begun construction of a new domestic production line for NAND flash memory chips, betting on demand for personal computers and servers as the coronavirus prompts more people to work from home.
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Netease aims to raise $2-$3 billion in Hong Kong listing

Technology News (Reuters) - Mon, 06/01/2020 - 01:04
Chinese tech group Netease Inc aims to raise between $2 and $3 billion in one of the largest equity deals so far this year when it launches a secondary listing in Hong Kong on Monday, said three people familiar with the transaction.
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SpaceX Crew Dragon delivers two NASA astronauts to International Space Station

Technology News (Reuters) - Mon, 06/01/2020 - 00:59
Nearly 24 hours after launching from Florida, SpaceX's Crew Dragon capsule delivered NASA astronauts Bob Behnken and Doug Hurley to the International Space Station on Sunday, marking the first U.S. space capsule to do so with a crew since 2011.
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Amazon's Jeff Bezos invests in UK digital freight forwarder Beacon

Technology News (Reuters) - Sun, 05/31/2020 - 20:47
Amazon.com Inc Chief Executive Jeff Bezos has picked British startup Beacon, a digital freight forwarder, for his latest investment.
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