Technology

Singapore's Temasek joins Facebook-backed Libra project

Technology News (Reuters) - Fri, 05/15/2020 - 05:27
Singapore state investor Temasek Holdings has joined the Facebook-backed Libra digital currency project which has faced intense scrutiny from global regulators worried its launch could erode national control over money.
Categories: Technology

Taiwan's TSMC announces plan to build $12 billion U.S. factory

Technology News (Reuters) - Fri, 05/15/2020 - 04:03
Taiwan Semiconductor Manufacturing Co Ltd, the world's biggest contract manufacturer of computer chips, on Friday announced plans to build an approximately $12 billion advanced chip factory in Arizona.
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WeWork reports slower cash burn in first quarter: CFO email

Technology News (Reuters) - Fri, 05/15/2020 - 02:23
The We Company, owner of WeWork, said on Thursday that for the first time quarterly revenue surpassed $1 billion and cash burn improved 60% sequentially, but the money-losing shared office operator did not mention profitability in an email to employees that was reviewed by Reuters.
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WeWork reports improved free cash flow in first quarter: CFO's email

Technology News (Reuters) - Fri, 05/15/2020 - 00:27
The We Company, owner of WeWork, said its first-quarter free cash outflow grew 60% sequentially, according to an email the company's chief financial officer sent to employees on Thursday and reviewed by Reuters.
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Exclusive: Tesla's secret batteries aim to rework the math for electric cars and the grid

Technology News (Reuters) - Thu, 05/14/2020 - 22:47
Electric car maker Tesla Inc plans to introduce a new low-cost, long-life battery in its Model 3 sedan in China later this year or early next that it expects will bring the cost of electric vehicles in line with gasoline models, and allow EV batteries to have second and third lives in the electric power grid.
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Epic Games online store down after reports of free 'Grand Theft Auto V' offering

Technology News (Reuters) - Thu, 05/14/2020 - 21:53
Fortnite-creator Epic Games' digital videogame store was down on Thursday as it recorded huge traffic after reports that it was giving the premium edition of "Grand Theft Auto V" for free.
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Intelsat files for Chapter 11 bankruptcy

Technology News (Reuters) - Thu, 05/14/2020 - 20:15
Satellite operator Intelsat SA said late on Wednesday that it filed for Chapter 11 bankruptcy protection, making it the latest casualty of severe business disruptions caused by the COVID-19 pandemic.
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U.S. says it condemns China-linked 'cyber actors' trying to steal COVID research

Technology News (Reuters) - Thu, 05/14/2020 - 19:26
The United States on Thursday condemned attempts by China-linked "cyber actors and non-traditional collectors affiliated" to steal U.S. intellectual property and data related to coronavirus research, U.S. Secretary of State Mike Pompeo said.
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Amazon's livestreaming platform Twitch announces safety advisory council

Technology News (Reuters) - Thu, 05/14/2020 - 18:02
Amazon Inc 's video game live-streaming platform Twitch is forming an advisory council of experienced users, online safety experts and anti-bullying advocates to help improve safety on the site, Twitch said in a blog post on Thursday.
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France to impose digital tax this year regardless of any new international levy

Technology News (Reuters) - Thu, 05/14/2020 - 17:37
France will tax big digital businesses this year whether there is progress or not towards an international deal on a levy, its finance minister said on Thursday, adding such a tax had never been more legitimate or more necessary.
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Factbox: The race to deploy COVID-19 contact tracing apps

Technology News (Reuters) - Thu, 05/14/2020 - 17:20
Technologists and health officials around the world are racing to develop smartphone apps to trace who has been in contact with carriers of the novel coronavirus.
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France to go ahead with digital tax this year regardless of possible international deal

Technology News (Reuters) - Thu, 05/14/2020 - 16:18
France will go ahead with its tax on big digital businesses this year whether there is progress or not towards an international deal on the issue, its finance minister said on Thursday.
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Nvidia launches chip aimed at data center economics

Technology News (Reuters) - Thu, 05/14/2020 - 15:27
Semiconductor firm Nvidia Corp on Thursday announced a new chip that can be digitally split up to run several different programs on one physical chip, a first for the company that matches a key capability on many of Intel Corp's chips.
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Le Maire: France to go ahead with digital tax this year regardless of international deal

Technology News (Reuters) - Thu, 05/14/2020 - 15:26
France will go ahead with plans to apply a tax on digital businesses this year whether or not there is an international deal on the issue, Finance Minister Bruno Le Maire said on Thursday.
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Nvidia turns to driver-assistance market as robo-taxis stall

Technology News (Reuters) - Thu, 05/14/2020 - 15:23
Nvidia Corp, whose semiconductors power data centers, autonomous cars and robots, said on Thursday it plans to enter the market for technology that helps cars with automated lane-keeping, cruise control and other driver-assistance features.
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Zoom to expand in U.S. with engineering centers in Phoenix, Pittsburgh

Technology News (Reuters) - Thu, 05/14/2020 - 15:06
Zoom Video Communications Inc said Thursday it plans to hire 500 software engineers for research and development locations in Phoenix and Pittsburgh over the next two years, expanding its engineering workforce by about 60%.
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India launches contact-tracing app for JioPhones in virus battle

Technology News (Reuters) - Thu, 05/14/2020 - 14:23
India's technology ministry said on Thursday it had rolled out a version of its Bluetooth contact-tracking app for 5 million JioPhones, the cheap internet-enabled devices sold by Reliance Industries' telecoms unit.
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India follows China's lead to widen use of coronavirus tracing app

Technology News (Reuters) - Thu, 05/14/2020 - 14:23
India is aggressively pushing a state-backed contact tracing app to fight the spread of COVID-19, raising fears that the world's second-most populous nation is on its way to Chinese-style methods of high tech social control.
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How Tesla tapped a tiny Canadian lab for battery breakthroughs

Technology News (Reuters) - Thu, 05/14/2020 - 14:09
Tesla Inc is a leader in electric vehicle battery technology, but the company doesn't do all its own research.
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Virus-tracing apps must not be used for mass surveillance: EU says

Technology News (Reuters) - Thu, 05/14/2020 - 13:13
COVID-19 contact-tracing apps must only be used during the pandemic and will need to be automatically de-activated once the crisis is over, EU justice commissioner Didier Reynders said on Thursday in a bid to allay concerns over state surveillance.
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