Technology News

Electric vehicle study sees opportunity for utilities

(Reuters) - Increasing demand for electric vehicles in the United States over the next decade will create revenue opportunities for electric utilities that invest in greater grid capacity and offer EV charging and related services, according to a study released on Tuesday. The study, by the Boston Consulting Group, assumes a significant leap in consumer demand for electric vehicles, which continue to account for only...

23 Apr 5:07 AM 0 Read More...

Tencent-backed live-streaming firm DouYu files for $500 million U.S. IPO

HONG KONG (Reuters) - China’s largest live-streaming platform DouYu International Holdings Limited, backed by social media and gaming giant Tencent Holdings Ltd, has filed for a U.S. initial public offering (IPO) of up to $500 million. DouYu, which primarily focuses on the live-streaming of games, is one of several Chinese start-ups in the growing market for live-streaming in China, along with U.S.-listed rival Huy...

23 Apr 5:01 AM 0 Read More...

Samsung Electronics retrieving all Galaxy Fold samples: source

SEOUL (Reuters) - Samsung Electronics Co Ltd is retrieving all Galaxy Fold samples distributed to reviewers to investigate reports of broken screens, a day after it postponed the phone’s launch, a person with direct knowledge of the matter said on Tuesday. The retrieval comes as the world’s biggest smartphone maker met with embarrassment ahead of the foldable device’s U.S. release on April 26, with a handful of...

23 Apr 4:35 AM 0 Read More...

T-Mobile, Sprint lobby regulators to win U.S. approval for tie-up

WASHINGTON (Reuters) - Senior executives at T-Mobile US Inc and Sprint Corp made the case to U.S. officials in Washington last week that they should approve a planned tie-up between the two wireless companies, arguing a combined firm would have incentives to “aggressively lower prices.” T-Mobile US Chief Executive John Legere, Sprint executive chairman Marcelo Claure, T-Mobile US chief operating officer Michael S...

23 Apr 2:16 AM 0 Read More...

Facebook hires State Department lawyer as general counsel

(Reuters) - Facebook Inc on Monday named the legal adviser to the U.S. State Department as its general counsel, as the social media giant faces growing regulatory hurdles and privacy concerns. Jennifer Newstead, who brings government and private sector experience to the role, will succeed Colin Stretch, who decided to quit the company in July 2018, Facebook said in a blog post. Facebook has come under increasing pres...

22 Apr 11:47 PM 0 Read More...

Tesla says robotaxis coming to U.S. roads next year, slams rivals' use of Lidar

SAN FRANCISCO (Reuters) - Chief Executive Elon Musk said Tesla Inc robotaxis with no human drivers would be available in some U.S. markets next year, continuing a habit of bold pronouncements that have excited many investors while often missing deadlines. “Probably two years from now we’ll make a car with no steering wheels or pedals,” Musk predicted, while acknowledging he is often late to meet aggressive tar...

22 Apr 11:07 PM 0 Read More...

China's Didi recruits Colombian drivers ahead of Bogota launch

BOGOTA (Reuters) - Chinese ride-hailing giant Didi Chuxing said on Monday it is beginning to recruit drivers ahead of its launch in Colombia’s capital Bogota in the coming months. “We have arrived in Colombia with an attractive offer for those who want to register as drivers and we hope to be able to meet the market’s expectations,” the company said in a statement. The statement did not specify when Didi’s ...

22 Apr 10:53 PM 0 Read More...

Tesla shows off self-driving technology to investors

SAN FRANCISCO (Reuters) - Tesla Inc broadcast a web presentation on Monday to update investors about its self-driving strategy as Chief Executive Elon Musk tries to show that the electric car maker’s massive investment in the sector will pay off. Global carmakers, large technology companies and an array of startups are developing self-driving - including Alphabet Inc’s Waymo and Uber Technologies Inc - but ex...

22 Apr 6:33 PM 0 Read More...

Samsung delays public rollout of Galaxy Fold phone

(Reuters) - Smartphone maker Samsung Electronics Co Ltd said on Monday it will delay the public rollout of its Galaxy Fold without giving a new release date. The announcement comes days after some reviewers of the splashy $1,980 foldable handset reported problems with their test units after just a day or two of use. Samsung postponed media events for the device planned for this week in Hong Kong and Shanghai. “To f...

22 Apr 5:54 PM 0 Read More...

Model S fire video adds to Tesla woes pre-results

SHANGHAI (Reuters) - Video of a parked Tesla Inc Model S exploding and a Wall Street downgrade of the electric carmaker’s stock pushed shares down 4 percent on Monday, as it prepared to issue results for a troubled first quarter. Brokerage Evercore cut its recommendation on shares of the Silicon Valley company to “sell”, becoming the twelfth brokerage to ask investors to abandon billionaire Elon Musk’s vent...

22 Apr 4:37 PM 0 Read More...