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Reliance says Silver Lake, co-investors to invest extra $601 million in digital unit

Fri, 06/05/2020 - 20:02
India's Reliance Industries late on Friday said U.S. private equity fund Silver Lake and its co-investors will invest an additional 45.46 billion rupees ($601.40 million) in the company's digital unit Jio Platforms.
Categories: Technology

U.S. states lean toward breaking up Google's ad tech business: CNBC

Fri, 06/05/2020 - 19:53
The U.S. state attorneys general investigating Alphabet Inc's Google for potential antitrust violations are leaning toward pushing for a breakup of its ad technology business as part of an expected suit, CNBC reported on Friday, citing sources.
Categories: Technology

Virtual certainty? Bankers ask if success of remote roadshows will last

Fri, 06/05/2020 - 19:50
Who needs expensive lunches at glitzy hotels and fancy restaurants to court investors for bond deals or the sale of new shares on the stock exchange?
Categories: Technology

Facebook says it found no foreign interference targeting U.S. protests

Fri, 06/05/2020 - 19:48
Facebook Inc said on Friday it had seen no evidence of coordinated foreign interference on its platforms targeting U.S. anti-racism protests, after the U.S. attorney general said foreign groups were trying to exacerbate the situation.
Categories: Technology

Legend Biotech shares jump nearly 61% in U.S. market debut

Fri, 06/05/2020 - 17:07
Shares of Legend Biotech , a cell therapy unit owned by Hong Kong-listed Genscript Biotech , jumped nearly 61% in their stock market debut, signaling strong investor appetite for new listings.
Categories: Technology

Twitter disables Trump video tribute to Floyd over copyright complaint

Fri, 06/05/2020 - 14:23
Twitter Inc has disabled U.S. President Donald Trump's campaign tribute video to George Floyd on its platform, citing a copyright complaint.
Categories: Technology

Chinese online tutor Zuoyebang seeks $600-$800 million at $6.5 billion valuation: sources

Fri, 06/05/2020 - 12:01
Online tutoring start-up Zuoyebang is in talks to raise $600-800 million in a new funding round as the coronavirus pandemic encourages investor interest in education technology, two sources with direct knowledge of the deal told Reuters.
Categories: Technology

Singapore plans wearable virus-tracing device for all

Fri, 06/05/2020 - 11:19
Singapore plans to give a wearable device that will identify people who had interacted with carriers of coronavirus to each of its 5.7 million residents, in what could become one of the most comprehensive contact-tracing efforts globally.
Categories: Technology

Tesla's Elon Musk calls for breakup of Amazon in tweet

Fri, 06/05/2020 - 11:10
Tesla Inc Chief Executive Elon Musk on Thursday called for Amazon.com Inc to be broken up, after an author complained on social media about being unable to self-publish a book via the world's largest online retailer.
Categories: Technology

Toyota to launch hydrogen fuel cell venture with Chinese auto firms

Fri, 06/05/2020 - 09:06
Japanese automaker Toyota Motor Corp said on Friday it would launch a new China joint venture with Chinese auto companies to develop fuel cell systems.
Categories: Technology

China says social media firms should not selectively create obstacles for media

Fri, 06/05/2020 - 08:52
China said on Friday that social media companies should not selectively create obstacles for media agencies, responding to Facebook Inc's decision to start labeling state-controlled media organisations.
Categories: Technology

Singapore plans wearable virus contact tracing device for all

Fri, 06/05/2020 - 08:41
Singapore plans to give a wearable device that will identify people who had interacted with carriers of coronavirus to all of its 5.7 million residents, in what could become one of the most comprehensive contact tracing efforts globally.
Categories: Technology

TikTok owner ByteDance shuts down overseas news aggregator TopBuzz

Fri, 06/05/2020 - 08:13
ByteDance, owner of the global hit short-video app TikTok, has shut down its artificial-intelligence-based news aggregator TopBuzz, one of the company’s earliest products aimed at the global stage.
Categories: Technology

Australia fines Sony $2.4 million for refusing refunds on faulty PlayStation games

Fri, 06/05/2020 - 07:16
A court has ruled that a unit of Japan's Sony Corp broke the consumer law by denying customers refunds for faulty PlayStation games and ordered the company to pay a A$3.5 million ($2.4 million) fine, Australia's consumer watchdog said.
Categories: Technology

GM Cruise tries to poach Zoox engineers as company for sale

Fri, 06/05/2020 - 06:45
Self-driving technology company Cruise, a unit of General Motors Co’s , is trying to poach engineers from struggling rival Zoox Inc, according to an email sent to Zoox engineers by the founder of Cruise this week.
Categories: Technology

Expecting a spike in bitcoin? Investors say it may take time

Fri, 06/05/2020 - 06:41
Investors expecting a sudden surge in bitcoin's price, after it underwent a technical adjustment three weeks ago that reduced the rate at which new coins are generated, may have to wait a few months, or perhaps a few years.
Categories: Technology

Singapore plans a coronavirus contact tracing device for all to wear

Fri, 06/05/2020 - 06:10
Singapore plans to soon launch a wearable device for novel coronavirus contact tracing that, if successful, it will distribute to all of its 5.7 million residents, the government said on Friday.
Categories: Technology

Toshiba forecasts annual profit drop vs rise expected, limited virus impact

Fri, 06/05/2020 - 06:04
Toshiba Corp forecast on Friday a 15.7% drop in annual operating profit compared with expectations of a small rise in profit, even as a recent portfolio overhaul helps the industrial conglomerate limit the impact of the coronavirus outbreak.
Categories: Technology

As coronavirus sinks global demand, China’s exporters go online to tap domestic market

Fri, 06/05/2020 - 05:04
At this time of the year, Deng Jinling would normally be welcoming foreign buyers to her vacuum flask showroom or cramming her goods into containers to be shipped to customers in the United States.
Categories: Technology

Supermicro looks to open second server assembly site in United States

Fri, 06/05/2020 - 02:29
Data center server maker Super Micro Computer Inc is looking to open a new site in the United States to assemble computers, possibly in Oregon, the East Coast or Midwest, Chief Executive Officer Charles Liang told Reuters on Thursday.
Categories: Technology

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