Technology News

CEO Zuckerberg tweaks Facebook mission to focus on groups

SAN FRANCISCO Facebook Inc Chief Executive Mark Zuckerberg revised the world's largest online social network's mission statement on Thursday to emphasize support for hobby clubs, civil society organizations and other community groups. The move comes as Facebook faces pressure from smaller rivals such as Nextdoor and Meetup, whose online networks bring together neighbors and people in the same area with shared int...

22 Jun 6:26 PM 0 Read More...

Trump meets wireless, drone executives on new technologies

WASHINGTON U.S. President Donald Trump offered support for emerging technologies including unmanned aerial vehicles and next-generation wireless networks in a meeting on Thursday with the chiefs of AT&T Inc and General Electric Co and other business leaders.The White House brought together venture capitalists and executives from the telecommunications and drone, or unmanned aerial system, industries to discus...

22 Jun 6:09 PM 0 Read More...

Tesla says exploring China car plant with Shanghai government

Tesla Inc (TSLA.O) is exploring the possibility of establishing a Chinese manufacturing plant with the Shanghai municipal government, the U.S. electric carmaker said on Thursday in a statement. Tesla has said it wants to build electric cars in China to avoid a 25-percent tariff on imported vehicles. In the statement, it said, "While we expect most o...

22 Jun 3:05 PM 0 Read More...

Google pushes framework for law enforcement access to overseas data

WASHINGTON Alphabet Inc's (GOOGL.O) Google pressed U.S. lawmakers and the international community on Thursday to update laws on how governments access customer data stored on servers located in other countries, hoping to address a mounting concern for both law enforcement officials and Silicon Valley.The push comes amid growing legal uncertainty, in the United States and across the globe, about how technology fir...

22 Jun 2:04 PM 0 Read More...

Europe sets sights on cheap rocket engine by 2030s

PARIS Europe aims to develop a low-cost, reusable rocket engine for use after 2030 under a deal between Airbus Safran Launchers and the European Space Agency (ESA). They signed a development contract at the Paris Airshow on Thursday to develop a demonstrator engine, powered by liquid oxygen and methane.Airbus Safran said it would use new manufacturing techniques, including the use of 3D printers, to keep the engi...

22 Jun 1:35 PM 0 Read More...

Imagination Tech up for sale after bruising Apple fight

LONDON Imagination Technologies, the British firm that lost 70 percent of its value after being ditched by its biggest customer Apple, put itself up for sale on Thursday in a disappointing end to a once-great European tech success story. Founded in 1985 and listed in 1994, Imagination has been rocked by Apple's announcement in April that it was developing its own graphics chips and would no longer use Imagination...

22 Jun 1:26 PM 0 Read More...

Exclusive: China Unicom counts Alibaba, Tencent among investors in drive to raise $10 billion - sources

HONG KONG Chinese tech giants Alibaba Group Holdings (BABA.N) and Tencent Holdings (0700.HK) will be among new investors pouring a total of around $10 billion into mobile carrier China Unicom, sources said, part of efforts by Beijing to rejuvenate state behemoths with private cash.Four sources with knowledge of the matter told Reuters that Alibaba and Tencent would invest in the Shanghai-listed unit of the teleco...

22 Jun 1:04 PM 0 Read More...

Tech industry asks who will lead Toshiba's motley white knights

TOKYO A hastily-assembled group of investors looks set to win the bid for Toshiba Corp's prized memory chip business, but a lack of clear leadership or industry clout is raising questions about who will take tough decisions about strategy and investment.After a fiercely contested, months-long auction, Toshiba on Wednesday said a consortium of Japanese government investors and private equity firm Bain Capital was ...

22 Jun 12:48 PM 0 Read More...

Foxconn to continue to pursue Toshiba chip unit acquisition: Sharp CEO

TAIPEI Taiwan's Foxconn will continue to pursue an acquisition of Toshiba Corp's chip business, a day after the troubled conglomerate chose a rival suitor as the preferred bidder, the head of Foxconn's Japanese unit said. "We will continue our efforts," Sharp Corp CEO Tai Jeng-wu told reporters on the sidelines of Foxconn's annual shareholders meeting. ...

22 Jun 12:41 PM 0 Read More...

Facebook to keep wraps on political ads data despite researchers' demands

SAN FRANCISCO Facebook (FB.O) said it would not disclose information about political campaign advertising or related data such as how many users click on ads and if advertising messages are consistent across demographics, despite arguments from political scientists who want the data for research.Details such as the frequency of ads, how much money was spent on them, where they were seen, what the messages were an...

22 Jun 11:41 AM 0 Read More...