Technology News

Kodak blockchain project seeks to raise $50 million in token offering

NEW YORK (Reuters) - Wenn Digital, the developer of an image protection blockchain platform licensed by Eastman Kodak Co (KODK.N), said on Thursday it intends to raise up to $50 million (37 million pounds) in a combined public and private token offering. FILE PHOTO: The Kodak logo is shown on a booth during the 2017 CES in Las Vegas, Nevada, U.S., January 6, 2017. REUTERS/Steve Marcus Wenn Digital has created the blo...

10 May 11:45 AM 0 Read More...

Autopilot was not engaged during Florida Model S crash: Tesla

(Reuters) - Tesla Inc’s autopilot system was unlikely to have been a factor in a Florida car crash this week which killed two teenagers, the electric carmaker said in a statement issued late on Wednesday. FILE PHOTO: A Tesla dealership is seen in West Drayton, just outside London, Britain, February 7, 2018. REUTERS/Hannah McKay/File PhotoThe autopilot, a form of advanced cruise control that has come under scrutiny ...

10 May 11:37 AM 0 Read More...

Vietnam jails Facebook user for posts seen as anti-state propaganda

HANOI (Reuters) - Vietnam has jailed a Facebook user for 4-1/2 years over posts that “distorted” the political situation in the Southeast Asian country, a branch of the ruling Communist Party said. Despite sweeping economic reform and increasing openness to social change, including gay, lesbian and transgender rights, Vietnam’s Communist Party retains tight media censorship and does not tolerate criticism. At ...

10 May 10:08 AM 0 Read More...

Apple scraps $1 billion Irish data center over planning delays

DUBLIN (Reuters) - Apple ditched plans to build an 850 million euro ($1 billion) data center in Ireland because of delays in the approval process that have stalled the project for more than three years, the iPhone maker said on Thursday. FILE PHOTO - An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City, July 21, 2015. REUTERS/Mike Segar/File PhotoApple anno...

10 May 9:21 AM 0 Read More...

Balancing act: software giant SAP navigates Russian risks

MOSCOW/WALLDORF, Germany (Reuters) - Most Western technology companies are losing ground in Russia under the weight of restrictive rules and mounting local competition. Germany’s SAP (SAPG.DE) is thriving. A view shows an installation with the logo of SAP software company on the roof of an office building, with a traffic sign seen in the foreground, in Moscow, Russia April 23, 2018. REUTERS/Tatyana MakeyevaSAP is t...

10 May 9:13 AM 0 Read More...

Samsung Group's ownership structure unsustainable: South Korea antitrust chief

SEOUL (Reuters) - South Korea’s antitrust chief said on Thursday that South Korea’s No. 1 conglomerate Samsung Group’s [SAGR.UL] current ownership structure is not sustainable. FILE PHOTO - Samsung Group chief, Jay Y. Lee, is surrounded by media as he arrives at the Seoul Central District Court in Seoul, South Korea, January 18, 2017. REUTERS/Kim Hong-Ji/File Photo Korea Fair Trade Commission chief Kim Sang-jo...

10 May 4:07 AM 0 Read More...

U.S. drone program taps Apple, passes over Amazon, China's DJI

WASHINGTON/SAN FRANCISCO (Reuters) - Apple Inc soon will be capturing images of North Carolina by drone; a 1,500-pound, unmanned aircraft will look for mosquitoes in Florida; and startup Flirtey will fly medical equipment on drones to heart-attack victims in Nevada. The projects are among 10 announced by the U.S. Transportation Department on Wednesday that will help it assess how to regulate drones and integrate them...

10 May 2:31 AM 0 Read More...

Sears shares soar on Amazon tie-up; CEO says on 'right path'

HOFFMAN ESTATES, ILL. (Reuters) - Sears Holdings Corp shares jumped about 17 percent on Wednesday after the company announced a tire service partnership with Amazon.com, part of Chief Executive Officer Edward Lampert’s strategy to make the troubled retailer profitable again. FILE PHOTO: The logo of Amazon is pictured inside the company's office in Bengaluru, India, April 20, 2018. Picture taken April 20, 2018. REUT...

09 May 8:00 PM 0 Read More...

Uber opens up international contest for a third flying taxi city

(Reuters) - Uber Technologies Inc [UBER.UL] on Wednesday re-opened a contest to select the first international city to launch its proposed flying taxi project, following apparent delays in getting the service off the ground in Dubai, a previously proposed market. An illustrative view of Uber's concept electric vertical take-off and landing vehicle (eVTOL). Courtesy Uber/REUTERS UberAIR, as the service will be k...

09 May 7:24 PM 0 Read More...

Alphabet, Intel, FedEx, AT&T among drone pilot winners

WASHINGTON (Reuters) - The U.S. Transportation Department said on Wednesday it had picked 10 drone test programs in California, Tennessee, North Dakota, Nevada and other states to study package delivery, agriculture, pipeline inspections, aircraft maintenance, healthcare and environmental monitoring. A visitor passes an Intel logo at the Mobile World Congress in Barcelona, Spain, February 26, 2018. REUTERS/Sergio Per...

09 May 7:23 PM 0 Read More...