Technology News (Reuters)
U.S. House panel calls on Amazon's Bezos to testify on third-party sellers
The U.S. House of Representatives Judiciary Committee on Friday called on Amazon.com < AMZN.O> founder Jeff Bezos to testify to the panel about allegations that the online retailer uses data from its own third-party sellers to create competing products.
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Call center AI firm ASAPP unveils funding as COVID-19 boosts business
ASAPP Inc an artificial intelligence software that helps call center agents work better and faster, on Friday announced a $185 million series B funding round as the coronavirus pandemic pushes up call center volume at a time when companies are looking to cut labor costs.
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Musk's SpaceX, Bezos' Blue Origin land contracts to build NASA's astronaut moon lander
((This April 30 story has been corrected to say Starship can carry more than 100 metric tonnes of cargo, not 100 pounds in paragraph 9. The error occurred in a previous version as well.))
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Tencent buys 5% stake in Australian buy-now-pay-later firm Afterpay
Chinese gaming and social media group Tencent Holdings has bought a 5% stake in Afterpay Ltd, the Australian buy-now-pay-later firm said on Friday.
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U.S. tech company Vonage bets on digital health care in Uganda
U.S. cloud services company Vonage is partnering with social enterprise CTI Africa to pioneer video-linked healthcare in Uganda, where good hospitals and qualified medical personnel are scarce.
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Chinese startup Rokid sees opportunity with COVID-fighting smart glasses
A Chinese startup that develops augmented-reality products for use in manufacturing and gaming has found a promising growth area in the midst of a global pandemic - wearable glasses that measure temperatures on the move.
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For cloud giants, usage soars but tech investment delays hobble revenue growth
As lockdown orders force billions of people to work, learn and play from home during the novel coronavirus outbreak, usage has surged for the cloud computing services that power video conferencing, streaming television and online games.
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Swiss soldiers pick up smartphones to fight COVID-19
In the battle against coronavirus, Swiss soldiers are using smartphones to test a new contact tracing application that could prevent infections while also protecting users' privacy.
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Tesla cuts price for China-made Model 3 cars by 10% to qualify for subsidies
U.S. electric vehicle maker Tesla Inc said in Friday it has cut the starting price for China-made Model 3 sedans by 10% to qualify for subsidies in the world's biggest auto market.
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Apple, Huawei boost market share, as first-quarter China smartphone shipments fall: Canalys
Apple Inc and Huawei Technologies [HWT.UL] each captured a higher share of China's smartphone market in the first quarter, according to data from research firm Canalys released on Friday.
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Amazon sees possible second-quarter loss as it forecasts $4 billion in COVID-19-related costs
Amazon.com Inc on Thursday said it could post its first quarterly loss in five years even as revenue surges because it is spending at least $4 billion in response to the coronavirus pandemic, including plans to test its workforce for COVID-19.
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Factbox: Elon Musk protest tweets against coronavirus lockdowns
Tesla Inc Chief Executive Officer Elon Musk, who has a history of being outspoken on Twitter, lashed out on the social media platform over the past several days with his strong views on restrictions to curb the spread of the coronavirus.
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Apple sales inch higher despite coronavirus but CEO Tim Cook sees uncertain future
Apple Inc reported sales and profits that beat Wall Street expectations Thursday, with Chief Executive Officer Tim Cook saying China sales were "headed in the right direction" as that country reopens from the novel coronavirus.
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Amazon sees $4 billion in COVID-19-related costs, may not make second-quarter profit
Amazon.com Inc on Thursday said it could post its first quarterly loss in five years because it is spending at least $4 billion in response to the coronavirus pandemic, including plans to test its workers for COVID-19 and providing them with protective gear, and paying higher wages.
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Elliott further trims stake in Telecom Italia
U.S. hedge fund Elliott Management has further cut its stake in Italy's biggest phone group Telecom Italia (TIM), a regulatory filing showed, amid an ongoing portfolio rebalancing as COVID-19 rocks financial markets.
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Zoom says it has 300 million daily meeting participants, not users
Video conferencing provider Zoom said on Thursday it had mistakenly published a blog last week that put its daily users at 300 million people when the figure instead referred to the number of meeting participants.
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Digital ad market is avoiding coronavirus disaster, say tech giants
Reports of the demise of the digital advertising market due to the coronavirus outbreak appear exaggerated as the tech giants dominating the online ads business, Google and Facebook, said this week they saw early signs that the worst could be over.
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Elliott trims stake in Telecom Italia further to 5.13%
U.S. hedge fund Elliott Management has further cut its stake in Italy's biggest phone group Telecom Italia (TIM), a regulatory filing showed on Thursday.
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Investor Einhorn tweets at Tesla's Musk asking for more company financials
One day after Tesla Inc posted its third quarterly profit in a row, hedge fund manager David Einhorn, one of the electric carmaker's best-known critics, lobbed questions about the company's financials at its two top executives.
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