Technology News

Senior UK lawmaker raises alarm over Britain's Huawei 5G plan

LONDON (Reuters) - A British plan to block China’s Huawei Technologies from all core parts of the 5G network does not alleviate security concerns, a senior British lawmaker said on Wednesday. Tom Tugendhat, the chairman of Britain’s Foreign Affairs Committee, said it was very difficult to make a distinction between the core and non-core in 5G due to the way the network is built. “It still raises concerns,” ...

24 Apr 6:45 AM 0 Read More...

Technology ethics campaigners offer plan to fight 'human downgrading'

SAN FRANCISCO (Reuters) - Technology firms should do more to connect people in positive ways and steer away from trends that have tended to exploit human weaknesses, ethicists told a meeting of Silicon Valley leaders on Tuesday. Tristan Harris and Aza Raskin are the co-founders of the nonprofit Center for Humane Technology and the ones who prompted Apple and Google to nudge phone users toward reducing their screen ti...

24 Apr 6:30 AM 0 Read More...

Samsung Elec to invest $9.6 billion annually in logic chips until 2030

SEOUL (Reuters) - Samsung Electronics plans to invest 11 trillion won ($9.57 billion) annually through 2030 in logic chip businesses, including its foundry business, and expects the move to help create 15,000 jobs over the period. The total investment of around 133 trillion won comes at a time when the world’s top memory chip maker is strengthening its non-memory semiconductor businesses such as contract chip manuf...

24 Apr 5:29 AM 0 Read More...

Swiss investment firm, Bitfury launch bitcoin mining fund

(Reuters) - Swiss investment firm Final Frontier and global blockchain technology company the Bitfury Group, which was recently valued at $1 billion, on Wednesday announced the launch of a regulated bitcoin mining fund. The fund is under the supervision of Liechtenstein’s financial regulator. Both companies, however, did not disclose the size of the fund, which was developed by Final Frontier for institutional and...

24 Apr 5:02 AM 0 Read More...

U.S. congressional leaders query Google on tracking database

WASHINGTON (Reuters) - Top U.S. lawmakers on Tuesday wrote to Google’s chief executive raising concerns about reports of a massive database known as Sensorvault that allegedly contains precise consumer location information from hundreds of millions of devices. The letter from Democrats and Republicans on the U.S. House Energy and Commerce Committee to CEO Sundar Pichai seeks a briefing and answers on how this info...

24 Apr 2:11 AM 0 Read More...

SoftBank Group looks to buy 5 pct of payment firm Wirecard: Bloomberg

(Reuters) - Japan’s SoftBank Group Corp is looking to acquire a 5 percent stake in German payments company Wirecard AG, Bloomberg reported on Tuesday, citing people familiar with the matter. SoftBank has engaged financial advisers and is working on a deal to acquire bonds that can be converted into Wirecard shares, Bloomberg reported, citing sources. A deal could be announced as early as this month, if an agreement...

24 Apr 1:59 AM 0 Read More...

Trump complained to Twitter CEO about lost followers: source

WASHINGTON (Reuters) - U.S. President Donald Trump met with Twitter Inc’s Chief Executive Jack Dorsey on Tuesday and spent a significant time questioning him about why he has lost some Twitter followers, a person briefed on the matter said. The meeting, which was organized by the White House last week, came hours after Trump again attacked the social media company over his claims it is biased against conservatives....

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

EBay raises forecast as redesign draws customers, boosts ad revenue

(Reuters) - EBay Inc raised its full-year sales and profit forecasts on Tuesday, as user-friendly changes to its ecommerce platforms attracted more customers and also increased its advertising revenue. The company, facing intense competition from Amazon.com Inc and Walmart Inc, has focused on its promoted listings program and payments business, as well as worked to make its platform simpler to use through the introdu...

23 Apr 10:45 PM 0 Read More...

Snap restarts user growth with original shows, Android overhaul

(Reuters) - Snap Inc’s original shows and rebuilt Android app helped it add Snapchat users for the first time in three quarters and beat analyst revenue expectations, but that was not enough to push its shares higher after a sharp run up this year. Snap said the number of daily active Snapchat users rose to 190 million in the first quarter from 186 million in the prior period, but remained below the 191 million it...

23 Apr 9:17 PM 0 Read More...

EBay's strong quarter, robust forecast send shares 5% higher

(Reuters) - EBay Inc beat analysts’ quarterly revenue estimates and forecast second-quarter sales largely above expectations on Tuesday, as the company’s multi-year effort to make its ecommerce platforms more user friendly attracts more customers. Shares of the company, which is also in the middle of a review of its StubHub and eBay Classifieds businesses following activist investor pressure, rose 5 percent in ex...

23 Apr 8:59 PM 0 Read More...