Technology News

Facebook gets initial approval to set up local unit in Indonesia: source

JAKARTA Facebook Inc has received an in-principle approval to set up a domestic unit in Indonesia, said a senior government source from the Southeast Asian nation, home to the social networking giant's fourth-largest user base.Indonesia has been pushing multinational technology firms to be locally incorporated, arguing that companies such as Alphabet Inc's Google set up small business entities to provide "auxilia...

19 Jun 10:41 AM 0 Read More...

Trump to meet with tech CEOs on government overhaul

WASHINGTON President Donald Trump will meet with the chief executives of technology companies including Apple Inc (AAPL.O) and Amazon.com Inc (AMZN.O) on Monday as the White House looks to the private sector for help in cutting government waste and improving services. White House officials said on a conference call on Friday that the administration believed there was an "economic opportunity" to save up to $1 tri...

19 Jun 10:12 AM 0 Read More...

Snake on a plane! Don't panic, it's probably just a (soft) robot

SINGAPORE Robots are getting softer. Borrowing from nature, some machines now have arms that curl and grip like an octopus, others wriggle their way inside an airplane engine or forage underwater to create their own energy.This is technology that challenges how we think of, and interact with, the robots of the not-too-distant future.Robots are big business: by 2020, the industry will have more than doubled to $18...

19 Jun 8:04 AM 0 Read More...

Google tightens measures to remove extremist content on YouTube

Alphabet Inc's (GOOGL.O) Google will implement more measures to identify and remove terrorist or violent extremist content on its video sharing platform YouTube, the company said in a blog post on Sunday.Google said it would take a tougher position on videos containing supremacist or inflammatory religious content by issuing a warning and not monetizing or recommending them for user endorsements, even if they do n...

19 Jun 3:21 AM 0 Read More...

U.S. states could not set self-driving car rules under Republican plan

WASHINGTON California and other states would be barred from setting their own rules governing design and testing of self-driving cars, while federal regulators would be blocked from demanding pre-market approval for autonomous vehicle technology, according to a U.S. House Republican proposal reviewed by Reuters on Thursday.The draft legislation, while far from becoming law, still represents a victory for General ...

15 Jun 9:47 PM 0 Read More...

Pressured in Europe, Facebook details removal of terrorism content

Facebook Inc on Thursday offered additional insight on its efforts to remove terrorism content, a response to political pressure in Europe to militant groups using the social network for propaganda and recruiting. Facebook has ramped up use of artificial intelligence such as image matching and language understanding to identify and remove content quickly, Monika Bickert, Facebook's director of global policy manag...

15 Jun 8:59 PM 0 Read More...

Snap sinks to IPO price for first time since market debut

SAN FRANCISCO Shares of Snap Inc dropped 4.9 percent on Thursday to its initial public offering price, highlighting investors' loss of confidence in the social media company that faces fierce competition from Facebook.The owner of Snapchat - a mobile app that lets users capture video and pictures that self-destruct after a few seconds - ended at $17.00, the price set in its March initial public offering that was ...

15 Jun 8:46 PM 0 Read More...

Rape victim sues Uber, claiming it wrongly obtained her medical records

SAN FRANCISCO A woman sued Uber Technologies Inc on Thursday claiming top executives at the ride-hailing company improperly obtained her medical records after she was raped by a driver in India, according to court documents.The lawsuit, filed in a California federal court, comes two days after Uber Chief Executive Travis Kalanick said he would take a leave of absence from his troubled company to grieve for his re...

15 Jun 6:43 PM 0 Read More...

Macron says France must be country that 'thinks and moves like a startup'

PARIS French President Emmanuel Macron laid out his vision for a digital future on Thursday, saying he wants France to undergo a revolution so that it becomes a country that "thinks and moves like a startup". Speaking at the Viva Technology conference in Paris, Macron repeated he wanted to reform labor laws to give more decision-making powers to companies and lower corporate tax.The state should act as an enabler...

15 Jun 6:27 PM 0 Read More...

Shorts hold fire against big tech names as U.S. sector slides

NEW YORK The current sell-off in U.S. technology shares has brought rare good news for short sellers, but they are not in any rush to boost their bearish bets against the shares of the biggest tech companies, data from financial analytics firm S3 Partners showed.Technology stocks fell sharply on Thursday, extending a decline from last week, as investors continued to back away from the top-performing sector this y...

15 Jun 5:54 PM 0 Read More...