Technology News (Reuters)

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Updated: 45 min 41 sec ago

Orange's CFO sees opportunity in H1 2019 for French market consolidation

1 hour 2 min ago
The French telecoms industry may have an opportunity in the first half of 2019 to cut the number of operators to three from four, once a process to reallocate radio frequency bands is completed at the end of the year, an Orange executive said on Thursday.
Categories: Technology

Tesla to deliver new Model 3 orders by year end

1 hour 13 min ago
Tesla Inc Chief Executive Elon Musk said on Thursday that Model 3s ordered in the United States by the end of this month will be delivered by Dec. 31, as the electric carmaker tries to take advantage of tax breaks.
Categories: Technology

Face off: Realistic masks made in Japan find demand from tech, car companies

1 hour 17 min ago
Super-realistic face masks made by a tiny company in rural Japan are in demand from the domestic tech and entertainment industries and from countries as far away as Saudi Arabia.
Categories: Technology

FCC OKs SpaceX, TeleSat Canada bids to expand satellite-based internet service

2 hours 15 min ago
WASHINGTON (Reuters - The U.S. Federal Communications Commission voted unanimously on Thursday to allow Tesla chief executive Elon Musk's Space X, Telesat Canada and two other companies to roll out new satellite-based broadband services.
Categories: Technology

Dell sweetens VMware tracking stock offer with higher price, board seat

2 hours 48 min ago
Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in software maker VMware to $120 per share, sweetening the deal for shareholders with an additional $5 billion in cash.
Categories: Technology

France hopes to lure crypto-issuers with Gallic stamp of approval

2 hours 54 min ago
With hundreds of cryptocurrencies being issued every month, countries face a choice: ban them, leave them unregulated, or come up with rules to tame them.
Categories: Technology

Playing catch-up, Germany throws money at AI

5 hours 25 min ago
Germany plans to invest more than 3 billion euros ($3.39 million) by 2025 to beef up its artificial intelligence capabilities and appoint 100 professors to lecture about it, as it seeks to close a digital technology gap with other leading economies.
Categories: Technology

Ford CEO open to investors in autonomous vehicles but cautious on VW

6 hours 42 sec ago
Ford Motor Co Chief Executive Jim Hackett told Reuters the company was open to investment by automakers and others in its autonomous vehicle business, but cautioned that expanding partnerships with German automaker Volkswagen AG was a "delicate dance."
Categories: Technology

Dell sweetens VMWare tracking stock offer to $120 per share

7 hours 1 min ago
Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in VMWare to $120 per share from its previous offer of $109.
Categories: Technology

Apple supplier AMS cuts forecast, indicating poor iPhone demand

7 hours 39 min ago
Austria's AMS , which makes facial recognition technology, became the latest Apple supplier to cut its revenue forecast, adding to growing evidence that the latest iPhones are not selling well.
Categories: Technology

Liberty Global 'not desperate' to sell Swiss business: CFO

7 hours 47 min ago
Cable operator Liberty Global is investing to strengthen its Swiss UPC video offering so it could stand alone if a strategic partner isn't found, CFO Charlie Bracken said on Thursday.
Categories: Technology

Airspace Technologies raises $20 million as investors pile into logistics startups

8 hours 5 min ago
The latest startup aiming to bring new technology to the business of moving around cargo has raised $20 million in fresh funding, bolstering an already record year of fundraising for companies in the shipping and logistics sector.
Categories: Technology

Bain Capital Ventures closes $1 billion fund amid venture fund-raising frenzy

16 hours 53 min ago
Bain Capital Ventures, the venture capital division of the eponymous Boston-based investment firm, said it has raised a new $1 billion fund to invest in startups, adding to a year of big-dollar fund-raising by tech investors.
Categories: Technology

U.S. lawmaker says Facebook cannot be trusted to regulate itself

18 hours 6 min ago
Democratic U.S. Representative David Cicilline, expected to become the next chairman of House Judiciary Committee's antitrust panel, said on Wednesday that Facebook Inc cannot be trusted to regulate itself and Congress should take action.
Categories: Technology

Cisco beats as network gear demand rises, new bets pay off

18 hours 20 min ago
Cisco Systems Inc beat analysts' estimates for quarterly revenue and profit on Wednesday, as the network gear maker benefited from demand for its routers and switches as well as growth in newer areas of focus such as software.
Categories: Technology

A matter of volume: threat from ascendant Chinese phones hangs over Apple

19 hours 24 min ago
A raft of profit warnings from Apple Inc suppliers this week has fueled investor concerns that iPhone sales, in terms of volume, have hit a wall that could spell trouble for the company's plans to make services its main pillar of growth.
Categories: Technology

Walmart's LatAm delivery app Cornershop eyeing Canada and U.S

19 hours 49 min ago
Cornershop, a Latin American grocery delivery app being acquired by Walmart, plans to expand into Canada early next year as a test market for the United States, an executive for the three-year-old mobile app said.
Categories: Technology

Instacart wins $271 million in new funding in November: source

20 hours 1 min ago
Grocery delivery startup Instacart raised an extra $271 million in November from investors including U.S. hedge fund Tiger Global Management, bringing its latest round of fund raising to $871 million, a source familiar with the matter told Reuters.
Categories: Technology

Prominent managers loaded up on Apple before recent tumble

Wed, 11/14/2018 - 23:40
Several prominent investors put fresh money to work in Apple during the third quarter even as they sold out of other high-flying tech companies, betting the iPhone maker's stock would keep rising as strong growth overshadowed rising trade tensions between the United States and China.
Categories: Technology

Uber posts $1 billion loss in quarter as growth in bookings slows

Wed, 11/14/2018 - 23:21
Uber Technologies Inc said on Wednesday that growth in bookings for its ride-hailing and delivery services rose 6 percent in the latest quarter, the third quarter in a row that growth has remained in the single digits after double-digit growth for all of last year.
Categories: Technology

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