Technology News

Spotify price tag rises ahead of filing for NYSE listing: sources

STOCKHOLM (Reuters) - The value of music streaming service Spotify, which is planning a stock market listing, has grown around 20 percent to at least $19 billion in the past few months, outperforming U.S. and European tech indexes, sources familiar with the matter said. The most recent private trades in the Swedish company have taken place at above $4,000 per share according to sources. One of the sources said the r...

14 Dec 4:11 PM 0 Read More...

Google Brain co-founder teams with Foxconn to bring AI to factories

(Reuters) - Andrew Ng, co-founder of some of Alphabet Inc-owned Google’s most prominent artificial intelligence projects, on Thursday launches a new venture with iPhone assembler Foxconn to bring AI and so-called machine learning onto the factory floor. Consumers now experience AI mostly through image recognition to help categorize digital photographs and speech recognition that helps power digital voice assistant...

14 Dec 2:22 PM 0 Read More...

Gibraltar launches financial services license for blockchain

LONDON (Reuters) - Gibraltar’s financial services watchdog will introduce the world’s first bespoke license for “fintech” firms using blockchain distributed ledger technology from next month in a bid to attract start-ups to the British overseas territory as it prepares for Brexit. The move is the first of its kind and would formally recognize the use of blockchain records as an accepted mechanism for transmit...

14 Dec 12:17 PM 0 Read More...

Tech firm raises $118 million in virtual coin offer to fund blockchain phone

TEL AVIV (Reuters) - Swiss-Israeli technology firm Sirin Labs said on Thursday it had raised $118 million in an initial coin offering (ICO) to support the development of an open source blockchain smartphone. ICOs allow startups founded on cryptocurrency technologies such as blockchain to quickly raise capital by issuing virtual tokens to investors. Such offerings have become more common in the past year, but Europe...

14 Dec 11:49 AM 0 Read More...

Federal Communications Commission set to reverse net neutrality rules

WASHINGTON (Reuters) - The U.S. Federal Communications Commission is expected on Thursday to rescind net neutrality rules championed by Democratic former President Barack Obama that barred the blocking or slowing of internet traffic. The 2015 rules barred broadband providers from blocking or slowing access to content or charging consumers more for certain content. They were intended to ensure a free and open internet...

14 Dec 11:14 AM 0 Read More...

T-Mobile to launch TV service in 2018, buy Layer3 TV

NEW YORK (Reuters) - T-Mobile US Inc said on Wednesday that it would launch a new streaming television service next year after buying startup Layer3 TV for an undisclosed amount. The moves come as competitors seek ways to provide content to win over customers in a saturated mobile market, and after the No. 3 U.S. wireless carrier and No. 4 rival Sprint Corp ended merger talks last month. T-Mobile Chief Financial Off...

13 Dec 11:09 PM 0 Read More...

Apple grants $390 million to Finisar to boost laser chip production

(Reuters) - Apple Inc said on Wednesday it had awarded $390 million to optical components maker Finisar Corp to boost production of laser chips that power iPhone X’s features such as Face ID, Animoji and portrait mode photos. The iPhone maker has committed to spend at least $1 billion through its Advanced Manufacturing Fund in U.S.-based companies to support high-tech manufacturing. The company had awarded $200 mil...

13 Dec 8:20 PM 0 Read More...

France proposes age-of-consent rule for Facebook users

PARIS (Reuters) - All French children under the age of 16 will have to seek parental approval to open an account on Facebook or any other social network under draft legislation presented on Wednesday. The requirement is part of a French bill that seeks to adapt data privacy regulations and improve access to the information internet companies gather, store and in many cases sell to other firms about people’s online ...

13 Dec 7:39 PM 0 Read More...

Trump administration calls for government IT to adopt cloud services

WASHINGTON (Reuters) - The White House said Wednesday the U.S. government needs a major overhaul of information technology systems and should take steps to better protect data and accelerate efforts to use cloud-based technology. “Difficulties in agency prioritization of resources in support of IT modernization, ability to procure services quickly, and technical issues have resulted in an unwieldy and out-of-date f...

13 Dec 7:26 PM 0 Read More...

Bitcoin fever exposes crypto-market frailties

LONDON/NEW YORK (Reuters) - As bitcoin raced to another record high on Tuesday, one of the biggest providers of digital currency wallets, Coinbase, went down under the weight of traffic, leaving many of its more than 10 million customers unable to access their funds. At the same time, Bitfinex, the world’s biggest bitcoin exchange by trading volume, said it was under a heavy denial-of-service (DDoS) attack, mea...

13 Dec 3:51 PM 0 Read More...