Technology News

Ex-Bosch engineers aim to strengthen self-driving car software

SAN FRANCISCO (Reuters) - A company formed by two longtime self-driving car engineers is seeking to make the open-source software that powers many experimental self-driving cars safe and reliable enough to be used in commercially available vehicles. Palo Alto, California-based Apex.AI was founded by Jan Becker and Dejan Pangercic, veterans from automotive technology supplier Bosch Corp [ROBSCJ.UL]. Apex.AI publicly u...

15 Nov 7:47 PM 0 Read More...

France hopes to lure crypto-issuers with Gallic stamp of approval

PARIS (Reuters) - With hundreds of cryptocurrencies being issued every month, countries face a choice: ban them, leave them unregulated, or come up with rules to tame them. France is pursuing the third option, which might be regarded as a Gallic middle ground. It wants cryptocurrencies to be issued in France as long as those backing them agree to be regulated. In doing so, it would be one of the first major countries...

15 Nov 2:35 PM 0 Read More...

Playing catch-up, Germany throws money at AI

BERLIN (Reuters) - Germany plans to invest more than 3 billion euros ($3.39 million) by 2025 to beef up its artificial intelligence capabilities and appoint 100 professors to lecture about it, as it seeks to close a digital technology gap with other leading economies. Chancellor Angela Merkel has made fixing the country’s digital deficiencies a priority for her fourth and almost certainly final term, and called tha...

15 Nov 1:52 PM 0 Read More...

Face off: Realistic masks made in Japan find demand from tech, car companies

OTSU, Japan (Reuters) - Super-realistic face masks made by a tiny company in rural Japan are in demand from the domestic tech and entertainment industries and from countries as far away as Saudi Arabia. The 300,000-yen ($2,650) masks, made of resin and plastic by five employees at REAL-f Co., attempt to accurately duplicate an individual’s face down to fine wrinkles and skin texture. Company founder Osamu Kitagawa ...

15 Nov 1:29 PM 0 Read More...

Dell sweetens VMware offer with higher price, board seat

(Reuters) - Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in software maker VMware (DVMT.N) to $120 per share, still way short of the $300 price suggested by activist investor Carl Icahn. The computer maker in July offered to pay $21.7 billion, or $109 per share, in cash and stock to buy back shares tied to its interest in VMware, returning the computer maker to the stock mark...

15 Nov 1:24 PM 0 Read More...

Apple supplier AMS cuts forecast, indicating poor iPhone demand

VIENNA (Reuters) - Austria’s AMS (AMS.S), which makes facial recognition technology, became the latest Apple supplier to cut its revenue forecast, adding to growing evidence that the latest iPhones are not selling well. The Swiss-listed group cut its fourth-quarter revenue outlook by 15 percent and pushed back its medium-term targets, blaming “recent demand changes from a major customer”. AMS, which specializes...

15 Nov 11:38 AM 0 Read More...

Liberty Global 'not desperate' to sell Swiss business: CFO

BARCELONA (Reuters) - Cable operator Liberty Global (LBTYA.O) is investing to strengthen its Swiss UPC video offering so it could stand alone if a strategic partner isn’t found, CFO Charlie Bracken said on Thursday. Liberty is looking to divest assets where it does not see a profitable way into mobile markets. It has sold its Austrian unit to Deutsche Telekom (DTEGn.DE), while the $21.8 billion sale of its operatio...

15 Nov 11:31 AM 0 Read More...

Ford CEO open to investors in autonomous vehicles but cautious on VW

MIAMI (Reuters) - Ford Motor Co (F.N) Chief Executive Jim Hackett told Reuters the automaker is open to investment by automakers and others in its autonomous vehicle business, but cautioned that expanding partnerships with German automaker Volkswagen AG (VOWG_p.DE) (VOWG.DE) is a “delicate dance.” Volkswagen’s supervisory board is scheduled to meet on Thursday to review a 10-year strategic plan assembled by Chi...

15 Nov 11:30 AM 0 Read More...

Airspace Technologies raises $20 million as investors pile into logistics startups

SAN FRANCISCO (Reuters) - The latest startup aiming to bring new technology to the business of moving around cargo has raised $20 million in fresh funding, bolstering an already record year of fundraising for companies in the shipping and logistics sector. The chief executive of Airspace Technologies, a nearly 3-year-old startup based in Southern California, told Reuters it raised the money in a funding round led by ...

15 Nov 11:13 AM 0 Read More...

U.S. lawmaker says Facebook cannot be trusted to regulate itself

WASHINGTON (Reuters) - Democratic U.S. Representative David Cicilline, expected to become the next chairman of House Judiciary Committee’s antitrust panel, said on Wednesday that Facebook Inc cannot be trusted to regulate itself and Congress should take action. Cicilline, citing a report in the New York Times on Facebook’s efforts to deal with a series of crises, said on Twitter: “This staggering report makes c...

15 Nov 1:12 AM 0 Read More...