Technology News

China approves Toshiba's sale of $18 billion chip unit to Bain consortium

TOKYO (Reuters) - Toshiba Corp (6502.T) said on Thursday that China regulators have approved the $18 billion sale of its chip unit to a consortium led by U.S. private equity firm Bain Capital, marking the end to a year-long saga surrounding its most prized asset. FILE PHOTO: A logo of Toshiba Corp is seen outside an electronics retail store in Tokyo, Japan, February 14, 2017. REUTERS/Toru Hanai/File PhotoThe ant...

17 May 12:30 PM 0 Read More...

Silicon Valley startup peddles 3D-printed bike

(Reuters) - After a career that included helping Alphabet Inc’s Google build out data centers and speeding packages for Amazon.com Inc to customers, Jim Miller is doing what many Silicon Valley executives do after stints at big companies: finding more time to ride his bike. A 3D-printed carbon fiber commuter bicycle by Arevo Labs is seen in Santa Clara, California, May 10, 2018. REUTERS/ Stephen LamBut this bike is...

17 May 11:57 AM 0 Read More...

British gaming firm enlists army of players to create Worlds Adrift

LONDON (Reuters) - British game maker Bossa Studios will release Worlds Adrift on Thursday, an ambitious adventure game designed to appeal to the Minecraft generation that has taken three years and 50,000 gamers to create. Twenty gamers play "Worlds Adrift", whilst suspended in a life size "Sky Ship" based on the game, above Chelsea College of Arts during the launch in London, Britain May 16, 2018. Luke MacGrego...

17 May 10:36 AM 0 Read More...

China approves sale of $18 billion Toshiba chip unit to Bain-led consortium: NHK

TOKYO (Reuters) - China regulatory authorities have approved the $18 billion sale of Toshiba Corp’s (6502.T) chip unit to a consortium led by U.S. private equity firm Bain Capital, Japanese public broadcaster NHK reported on Thursday, without citing sources. FILE PHOTO: A logo of Toshiba Corp is seen outside an electronics retail store in Tokyo, Japan, February 14, 2017. REUTERS/Toru Hanai/File PhotoThe antimo...

17 May 10:27 AM 0 Read More...

Angry Birds maker Rovio doubles first-quarter profit

HELSINKI (Reuters) - Rovio Entertainment, the maker of the “Angry Birds” mobile game series and movie, doubled operating profit in the first quarter as growth in its top games offset negative effects from currency exchange rates. FILE PHOTO: Rovio sign and a figure of an Angry Birds character are seen in front of Rovio's headquarters in Espoo, Finland March 2, 2018. REUTERS/Jussi RosendahlThe company, which liste...

17 May 6:35 AM 0 Read More...

Exclusive: Intel's Mobileye gets self-driving tech deal for 8 million cars

JERUSALEM (Reuters) - Mobileye, Intel Corp’s Israel-based autonomous driving unit, has signed a contract to supply eight million cars at a European automaker with its self-driving technologies, a company official told Reuters. A general view of a Mobileye autonomous driving test vehicle, at the Mobileye headquarters in Jerusalem, May 15, 2018. Picture taken May 15, 2018. REUTERS/Ronen ZvulunFinancial terms of the d...

17 May 6:13 AM 0 Read More...

YouTube to launch new music streaming service on May 22

(Reuters) - Google’s YouTube said on Wednesday it will launch a new music streaming service, YouTube Music, next week and unveil soon a premium service that will charge more for its original shows. FILE PHOTO: The YouTube app logo is seen on a smartphone in this picture illustration taken September 15, 2017. REUTERS/Dado Ruvic/Illustration/File Photo YouTube Music, which will be launched on May 22, comes with extra...

17 May 5:43 AM 0 Read More...

China's city of Tianjin to set up $16-billion artificial intelligence fund

BEIJING (Reuters) - China’s northern port city of Tianjin announced plans on Thursday to set up funds worth 100 billion yuan ($16 billion) to support the artificial intelligence industry, official news agency Xinhua said. China aims to become a world leader in artificial intelligence by 2025, taking on U.S. dominance in the sector amid heightened international tension over military applications of the technology. [...

17 May 4:15 AM 0 Read More...

Cisco quarterly revenue rises 4.4 percent

(Reuters) - Network gear maker Cisco Systems Inc (CSCO.O) reported a 4.4 percent rise in quarterly revenue on Wednesday, its second straight quarterly rise, driven by strong growth in its newer businesses such as cyber security. FILE PHOTO: A logo of Cisco is seen during the Mobile World Congress in Barcelona, Spain February 27, 2018. REUTERS/Yves Herman/File Photo The company’s net income rose to $2.69 billion, ...

16 May 8:24 PM 0 Read More...

Senate approves bill in bid to retain U.S. net neutrality

WASHINGTON (Reuters) - The U.S. Senate voted 52 to 47 on Wednesday to reverse the Federal Communications Commission decision in December to repeal landmark 2015 net neutrality rules, but it still faces an uphill battle. FILE PHOTO: The Federal Communications Commission (FCC) logo is seen before the FCC Net Neutrality hearing in Washington, U.S., February 26, 2015. REUTERS/Yuri Gripas/File PhotoThe margin was larger t...

16 May 8:08 PM 0 Read More...