Technology News

Uber CEO takes leave of absence amid sweeping changes after scandals

SAN FRANCISCO Uber Technologies Inc Chief Executive Officer Travis Kalanick told employees on Tuesday he will take time away from the company he helped to found, one of a series of measures the ride-hailing company is taking to claw its way out from under a mountain of controversies.Kalanick's move comes after a months-long investigation led former U.S. Attorney General Eric Holder, who was hired by Uber to look ...

14 Jun 2:49 AM 0 Read More...

U.S. weighs restricting Chinese investment in artificial intelligence

WASHINGTON The United States appears poised to heighten scrutiny of Chinese investment in Silicon Valley to better shield sensitive technologies seen as vital to U.S. national security, current and former U.S. officials tell Reuters.Of particular concern is China's interest in fields such as artificial intelligence and machine learning, which have increasingly attracted Chinese capital in recent years. The worry ...

13 Jun 8:21 PM 0 Read More...

Verizon closes Yahoo deal, Mayer steps down

Verizon Communications Inc said on Tuesday it closed its $4.48 billion acquisition of Yahoo Inc's core business and that Marissa Mayer, chief executive of the internet company, had resigned.The completion of the acquisition marks the end of the line for Yahoo as a standalone internet company, a storied tech pioneer once valued at more than $100 billion.Verizon, the No. 1 U.S. wireless operator, is combining Yahoo...

13 Jun 4:41 PM 0 Read More...

Verizon closes Yahoo deal; Mayer steps down

Verizon Communications Inc said on Tuesday it closed its $4.48 billion acquisition of Yahoo Inc's core business and that Marissa Mayer, chief executive of the internet company, had resigned.The No. 1 U.S. wireless operator is rebranding AOL and Yahoo as part of a new venture called Oath, led by AOL Chief Executive Tim Armstrong. Oath's more than 50 brands include HuffPost, TechCrunch and Tumblr. ...

13 Jun 3:17 PM 0 Read More...

Apple focusing on autonomous car system - CEO Cook on Bloomberg

Apple Inc is concentrating on technology for self-driving cars, Chief Executive Tim Cook said for the first time in an interview with Bloomberg.The company is focusing on autonomous systems, Cook told Bloomberg Television on June 5. (bloom.bg/2rWfvOR) "We're not really saying from a product point of view, what we will do ... it's a core technology that we view as very important," C...

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

Tech rout sparks search for value

NEW YORK The "sell in May" memo arrived a bit late in some investors' inboxes this year.A technology sector rout extended to its second trading day on Monday, with the Nasdaq Composite on track for its biggest two-day loss since September. The tech selling dragged down all three major indexes, causing concerns of wider bearishness in equities. "We're having a hard time deciding whether it's really a tech-specific...

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

Uber CEO Kalanick likely to take leave, SVP Michael out: source

SAN FRANCISCO Uber Technologies Inc [UBER.UL] Chief Executive Travis Kalanick is likely to take a leave of absence from the troubled ride-hailing company, but no final decision has yet been made, according to a source familiar with the outcome of a Sunday board meeting.Emil Michael, senior vice president and a close Kalanick ally, has left the company, the source said. At the Sunday meeting, the company's board a...

12 Jun 6:18 PM 0 Read More...

Uber CEO Kalanick likely to take leave, SVP Michael out -source

SAN FRANCISCO Uber Technologies Inc [UBER.UL] Chief Executive Travis Kalanick is likely to take a leave of absence from the troubled ride-hailing company, but no final decision has yet been made, according to a source familiar with the outcome of a Sunday board meeting.Emil Michael, senior vice president and a close Kalanick ally, has left the company, the source said.At the Sunday meeting, the company's board ad...

12 Jun 4:49 PM 0 Read More...

Foxconn says Apple, Dell join its bid for Toshiba chip business

TAIPEI Apple Inc (AAPL.O) and computing giant Dell Inc will join a Foxconn-led consortium bidding for Toshiba Corp's (6502.T) highly prized chip unit, the CEO of the world's largest contract electronics manufacturer told Reuters on Monday. Terry Gou, Foxconn's founder and chief executive, said U.S.-based Kingston Technology Co, a maker of memory products, would also be part of the bidding group, while Amazon.com ...

12 Jun 11:21 AM 0 Read More...

Exclusive: Foxconn says Apple, Dell part of its bid for Toshiba chip business

TAIPEI Apple Inc, computing giant Dell Inc and Kingston Technology Co are members of a Foxconn-led consortium bidding for Toshiba Corp's chip unit, the CEO of the world's largest electronics manufacturer told Reuters on Monday. Terry Gou, Foxconn's founder and chief executive, also said Amazon.com Inc was close to joining and that the Taiwanese firm was also in discussions with Google, Microsoft Corp and Cisco Sy...

12 Jun 10:01 AM 0 Read More...