Technology News

Toshiba faces shareholders with no chip unit deal signed

CHIBA, Japan Japan's Toshiba Corp (6502.T) faced shareholders at its annual meeting on Wednesday with no deal in hand for the sale of its prized flash memory chip unit and a long list of humiliating setbacks to apologise for.Scrambling to cover billions of dollars in cost overruns at its bankrupt Westinghouse nuclear unit, Toshiba had pledged to have a signed definitive agreement for the $18 billion sale of the u...

28 Jun 2:17 AM 0 Read More...

Toshiba to meet shareholders with no chip unit deal signed

CHIBA, Japan Japan's Toshiba Corp (6502.T) is expected to face the wrath of shareholders at its annual meeting on Wednesday after failing to sign a deal to sell its flash memory chip unit by a self-imposed deadline.The ailing Japanese conglomerate is rushing to sell the prized unit to cover billions of dollars in cost overruns at its bankrupt Westinghouse nuclear unit. It had promised to sign a definitive agreemen...

27 Jun 11:08 PM 0 Read More...

Cyber attacks have long-lasting business impact: Lloyd's of London

LONDON Businesses in Europe underestimate the "slow-burn" effects of cyber attacks and need to prepare more fully for a loss of customers, a fall in share price and other potential consequences, Lloyd's of London said in a report on Wednesday.The risk of cyber attacks is rising and slow-burn effects are additional to short-term costs such as notifying customers, paying ransoms or public relations expenses, the rep...

27 Jun 11:05 PM 0 Read More...

Drive.ai raises $50 million in funding; Andrew Ng joins board

SAN FRANCISCO Self-driving startup Drive.ai said on Tuesday it raised $50 million in a second round of funding as the Silicon Valley company prepared to deploy its technology in pilot vehicles later this year.The company, one of a handful of startups building fully autonomous systems for cars, also said it had added to its board Andrew Ng, a prominent figure in the artificial intelligence (AI) industry.Ng formerly...

27 Jun 10:51 PM 0 Read More...

Cyber attack sweeps globe, researchers see 'WannaCry' link

MOSCOW/KIEV/WASHINGTON A major global cyber attack on Tuesday disrupted computers at Russia's biggest oil company, Ukrainian banks and multinational firms with a virus similar to the ransomware that last month infected more than 300,000 computers.The rapidly spreading cyber extortion campaign underscored growing concerns that businesses have failed to secure their networks from increasingly aggressive hackers, wh...

27 Jun 10:23 PM 0 Read More...

Ransomware virus hits computer servers across the globe

MOSCOW/KIEV A ransomware attack hit computers across the world on Tuesday, taking out servers at Russia's biggest oil company, disrupting operations at Ukrainian banks, and shutting down computers at multinational shipping and advertising firms.Cyber security experts said those behind the attack appeared to have exploited the same type of hacking tool used in the WannaCry ransomware attack that infected hundreds ...

27 Jun 5:39 PM 0 Read More...

Ransomware virus hits computer servers across Europe

MOSCOW/KIEV A major ransomware attack on Tuesday hit computers at Russia's biggest oil company, the country's banks, Ukraine's international airport as well as global shipping firm A.P. Moller-Maersk.Moscow-based cyber security firm Group IB said hackers had exploited code developed by the U.S. National Security Agency (NSA) which was leaked and then used in the WannaCry ransomware attack that caused global disru...

27 Jun 3:56 PM 0 Read More...

EU hits Google with record 2.42 billion euro antitrust fine

BRUSSELS EU antitrust regulators slapped a record 2.42-billion-euro ($2.7 billion) fine on Alphabet (GOOGL.O) unit Google on Tuesday by illegally favoring its shopping service. The European Commission said the world's most popular internet search engine has 90 days to end its anti-competitive practice or face penalty payments up to 5 percent of Alphabet's average daily worldwide tu...

27 Jun 10:06 AM 0 Read More...

Volvo and Autoliv team up with Nvidia for self-driving cars

STOCKHOLM Volvo Cars and Swedish car safety supplier Autoliv (ALV.N) have signed a deal with U.S. firm Nvidia Corp (NVDA.O), best known for its graphics technology in computer games, to develop software systems for self-driving cars.A joint venture between Volvo, owned by China's Zhejiang Geely Holdings [GEELY.UL], and Autoliv will work with NVIDIA to develop systems that use artificial intelligence to recognize o...

27 Jun 5:51 AM 0 Read More...

France's JCDecaux, America Movil create joint venture in Mexico

France's JCDecaux said on Tuesday it will create a joint venture with Mexican telecommunications group America Movil by merging their out of home (OOH) advertising businesses. JCDecaux will hold 60 percent of the new company, JCD Out Of Home Mexico, S.A. de C.V. (JCDecaux MX), with the remaining 40 percent held by a wholly owned subsidiary of America Movil, the French group said in...

27 Jun 5:38 AM 0 Read More...