Technology News

NATO looks to startups, disruptive tech to conquer emerging threats

BERLIN (Reuters) - NATO is developing new hi-tech tools, such as the ability to 3D-print parts for weapons and deliver them by drone, as it scrambles to retain a competitive edge over Russia, China and other would-be battlefield adversaries. General Andre Lanata, who took over as head of the NATO transformation command in September, told a conference in Berlin that his command demonstrated over 21 “disruptive” pr...

13 Nov 9:04 PM 0 Read More...

Nigerian firm takes blame for routing Google traffic through China

SAN FRANCISCO (Reuters) - Nigerian internet provider Main One Cable Co took responsibility on Tuesday for a glitch that caused some Google traffic to be temporarily misrouted through China, saying it accidentally caused the problem during a network upgrade. The issue surfaced on Monday afternoon as ThousandEyes and BGPmon, two firms that monitor internet traffic, said that some people trying to reach the services of...

13 Nov 8:37 PM 0 Read More...

Amazon picks New York City, Washington D.C. area for $5 billion new headquarters

SAN FRANCISCO/WASHINGTON (Reuters) - Amazon.com Inc (AMZN.O) picked America’s financial and political capitals for its split new headquarters, saying on Tuesday it will build offices for more than 25,000 people each in New York City and close by Washington, D.C. The world’s largest online retailer plans to spend $5 billion on the two new developments and expects to get more than $2 billion in tax credits and ince...

13 Nov 8:23 PM 0 Read More...

Spotify launches in the Middle East and North Africa

DUBAI (Reuters) - Spotify, the world’s most popular paid music streaming service, officially launched in the Middle East and North Africa on Tuesday. The company said services would now be available in 13 Arab markets, including Saudi Arabia, the United Arab Emirates, Egypt, and Morocco but not Libya, Iraq, Syria, or Yemen. Spotify has been unofficially available in the Middle East for several years via accounts u...

13 Nov 7:41 PM 0 Read More...

Factbox: Amazon to get billions in breaks for HQ2 development

(Reuters) - Amazon.com Inc (AMZN.O) said on Tuesday it had split its $5 billion second headquarters into two projects that would be located in the Long Island City neighborhood of New York City’s Queens borough and a Northern Virginia suburb of Washington, DC. Each would have up to 25,000 jobs and Amazon will create a new facility in Nashville with 5,000 jobs. The retailer said it will get billions of dollars as d...

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

Germany plans 3 billion in AI investment: government paper

BERLIN (Reuters) - The German government has set aside around 3 billion euros for research and development of artificial intelligence, as Europe’s economic powerhouse seeks to close a gap in software-led innovation between it and America and Asia. The sum to be spent up to 2025, outlined in a draft paper seen by Reuters on “AI made in Germany”, is a measure of the concern felt in Berlin at the challenge that di...

13 Nov 6:09 PM 0 Read More...

Exclusive: Dell taps banks to raise more cash for tracking stock offer - sources

(Reuters) - Dell Technologies Inc (DVMT.N) is working with investment banks to add more cash to a $21.7 billion offer to buy back a “tracking stock” tied to its software company VMware Inc (VMW.N) as it nears a deal with investors, people familiar with the matter said on Tuesday. The move comes after several investors in the tracking stock, including billionaire Carl Icahn, said they would not accept Dell’s fir...

13 Nov 5:28 PM 0 Read More...

CEO of Walmart's India venture resigns after sexual assault accusation: source

(Reuters) - The head of Walmart Inc’s (WMT.N) Indian venture Flipkart Group, Binny Bansal, has resigned following an internal probe into “serious personal misconduct”, Walmart said on Tuesday, and two people familiar with the matter said it involved an accusation of sexual assault. The departure of Bansal, 37, one of India’s new generation of young, tech-savvy billionaires, is a setback for Walmart’s effort...

13 Nov 4:30 PM 0 Read More...

WeWork gets $3 billion in new funding from SoftBank

(Reuters) - U.S. shared office space provider WeWork Cos has secured an additional $3 billion in funding from Japan’s SoftBank Group Corp, according to an investor presentation seen by Reuters. The latest funding was in the form of a warrant, under which SoftBank will pay WeWork $1.5 billion on Jan. 15 and the remaining on April 15. WeWork in July said it had raised $500 million from investors, including Temasek Ho...

13 Nov 4:16 PM 0 Read More...

Amazon picks New York City and Virginia for $5 billion new headquarters

SAN FRANCISCO (Reuters) - Amazon.com Inc (AMZN.O) picked America’s financial and political capitals for its split new headquarters, saying on Tuesday it will build offices for up to 25,000 people in New York City and close by Washington, D.C. Amazon plans to spend $5 billion on the two new developments and expects to get more than $2 billion in tax credits and incentives, with plans to apply for more. Its move ends...

13 Nov 4:05 PM 0 Read More...