Technology News

Japan's Hino Motors adds AI to hybrid trucks as rivals go all-electric

TOKYO (Reuters) - Toyota Motor Corp’s truck-making arm is adding artificial intelligence to large diesel-electric hybrids to improve fuel efficiency, at a time when rivals are focusing on all-battery-powered models in an era of tighter emissions rules. Hino Motors Ltd displays its new Hybrid Profia, a diesel-hybrid version of its large commercial truck model at its R&D Centre at Hino in Tokyo, Japan July 17, 20...

17 Jul 10:43 AM 0 Read More...

U.S. ban on China’s ZTE forces telecoms to rethink business: sources

LONDON (Reuters) - The U.S. trade ban on Chinese telecom equipment maker ZTE (000063.SZ) (0763.HK) wreaked havoc at wireless carriers in Europe and South Asia and forced operators worldwide to consider broadening their supply networks, industry sources told Reuters. FILE PHOTO: A security guard walks past a building of ZTE Beijing research and development center in Beijing, China June 13, 2018. REUTERS/Jason Lee/...

17 Jul 8:19 AM 0 Read More...

Didi seeks $1.5 billion car services spinoff ahead of likely IPO: sources

HONG KONG (Reuters) - Chinese ride-hailing giant Didi Chuxing Technology Co Ltd is looking to spin off its car services unit in a deal worth up to $1.5 billion, ahead of its expected initial public offering (IPO), people with direct knowledge of the matter said. FILE PHOTO: The logo of Chinese ride-hailing firm Didi Chuxing is seen at their new drivers center in Toluca, Mexico, April 23, 2018. REUTERS/Carlos Jasso/Fi...

17 Jul 6:57 AM 0 Read More...

Walmart, Microsoft in partnership to use cloud tech

(Reuters) - Retail giant Walmart Inc said on Tuesday it entered into a strategic partnership with Microsoft Corp for wider use of cloud and artificial intelligence technology, in a sign of major rivals of Amazon.com Inc coming together. FILE PHOTO: Shopping carts are seen outside a new Wal-Mart Express store in Chicago July 26, 2011. Wal-Mart Stores Inc reporterd a higher-than-expected quarterly profit May 19, 2106, ...

17 Jul 5:58 AM 0 Read More...

Chinese discounter Pinduoduo aims for up to $1.63 billion in U.S. IPO

(Reuters) - Chinese online group discounter Pinduoduo plans to raise up to $1.63 billion from a U.S. listing, its latest filing with the U.S. Securities and Exchange showed, in what would be the second-biggest U.S. float by a Chinese firm this year. Pinduoduo plans to sell about 85.6 million American Depositary Shares in an initial public offering (IPO) at a price range of $16 to $19 each, its filing late on Monday s...

17 Jul 5:26 AM 0 Read More...

Hong Kong regulator, banks launch blockchain-based trade finance platform

HONG KONG (Reuters) - Hong Kong’s banking regulator and seven banks, including HSBC Holdings PLC (HSBA.L) (0005.HK) and Standard Chartered PLC (STAN.L) (2888.HK), on Tuesday said they will jointly launch a trade finance platform in September using blockchain technology. The platform will be one of the largest examples globally of a government-led, cross-bank effort to reform the multi-billion dollar trade finance s...

17 Jul 4:33 AM 0 Read More...

Tesla shares fall after CEO Musk abuses British caver

(Reuters) - Shares of Tesla Inc fell over 3.5 percent on Monday after Chief Executive Elon Musk directed abuse on Twitter at one of the British cavers involved in the rescue of 12 Thai children last week. A number of analysts and investors, requesting anonymity, told Reuters that Musk’s comments were adding to their concerns that his public statements were distracting him from Tesla’s main business of producing e...

17 Jul 4:28 AM 0 Read More...

Didi to spin off car services unit in up to $1.5 billion deal: sources

HONG KONG (Reuters) - Chinese ride-hailing giant Didi Chuxing Technology Co Ltd is looking to spin off its car services unit in a deal worth up to $1.5 billion ahead of its expected initial public offering, people with direct knowledge of the matter told Reuters. FILE PHOTO: Logo of Didi Chuxing is seen at its headquarters building in Beijing, China, May 18, 2016. REUTERS/Kim Kyung-HoonDidi is hoping to raise between...

17 Jul 3:00 AM 0 Read More...

KKR agrees to buy stake in AppLovin at $2 billion valuation

(Reuters) - Private equity firm KKR & Co (KKR.N) said on Monday it will acquire a minority stake in AppLovin Corp for $400 million, just months after the U.S. mobile marketing firm was forced by Washington to scrap a deal to be acquired by a Chinese buyout firm. The KKR deal values AppLovin at $2 billion, up from $1.4 billion in November, when China’s Orient Hontai Capital invested in the debt of AppLovin. Ori...

17 Jul 1:33 AM 0 Read More...

IBM seeks $167 million from Groupon in dispute over early internet patents

WILMINGTON, Del. (Reuters) - International Business Machines Corp on Monday asked a U.S. jury to award it $167 million in a lawsuit accusing e-commerce marketplace operator Groupon Inc of using patented technology without authorization. FILE PHOTO: The logo for IBM is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 27, 2018. REUTERS/Brendan McDermid/File Photo IBM l...

17 Jul 1:33 AM 0 Read More...