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Chinese tech giant Tencent takes 5 percent stake in Tesla

Tesla Inc (TSLA.O) said on Monday that Chinese tech giant Tencent Holdings Ltd (0700.HK) has invested $1.78 billion in the electric carmaker for a 5 percent passive stake. Tencent, best known for its WeChat mobile app, has been investing in a number of sectors, including gaming, entertainment, cloud computing and online financing. Tencent now owns more than 8......
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Uber suspends self-driving car program after Arizona crash

Uber Technologies Inc [UBER.UL] suspended its pilot program for driverless cars on Saturday after a vehicle equipped with the nascent technology crashed on an Arizona roadway, the ride-hailing company and local police said. The accident, the latest involving a self-driving vehicle operated by one of several companies experimenting with autonomous vehicles, caused no serious injuries, Uber said.Even so, the company said it was grounding driv......
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Chinese court rules in favor of Apple in local design patent disputes

BEIJING A Chinese court has ruled in favor of Apple in design patent disputes between the Cupertino, California company and a domestic phone-maker, overturning a ban on selling iPhone 6 and iPhone 6 Plus phones in China, Xinhua news agency reported.Last May, a Beijing patent regulator ordered Apple's Chinese subsidiary and a local retailer Zoomflight to stop selling the iPhones after Shenzhen Baili Marketing Services lodged a complaint, cla......
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Food startup Eatsa sued for not making kiosks accessible to blind

Fast food startup Eatsa is being sued by disability rights advocates for not including accessibility features for the blind.Eatsa lets customers order from tablets and pick up their food minutes later from cubicles, eliminating the need for front-of-the-restaurant staff. The suit claims that although the technology to make touchscreens and self-service food pick-up usable for blind and low-vision customers i......
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Wells Fargo introduces cardless ATMs across U.S. in digital push

By Tina Bellon | NEW YORK NEW YORK Starting on Monday, Wells Fargo & Co depositors can withdraw money using a smartphone at any branded ATM, the latest sign of U.S. lenders moving away from traditional brick-and-mortar banking.Jonathan Velline, Wells Fargo's head of ATM and store strategy, said that the San Francisco-based bank decided to apply the smartphone technology to all of its 13,000 cash machines after piloting t......
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Drone-catchers emerge on a new aerial frontier

By Stephen Nellis | SAN LEANDRO, Calif. SAN LEANDRO, Calif. The enemy drone whined in the distance. The Interceptor, a drone-hunting machine from Silicon Valley startup Airspace Systems, slinked off its launch pad and dashed away in hot pursuit.The hunter twisted through the air to avoid trees, homed in on its target, fired a Kevlar net to capture it, and then carried the rogue drone back to its base like a bald eagle with a......
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Uber president Jeff Jones quits, deepening turmoil

By Heather Somerville | SAN FRANCISCO SAN FRANCISCO Ride services company Uber Technologies Inc [UBER.UL] has been thrust deeper into turmoil with the departure of company president Jeff Jones, a marketing expert hired to help soften its often abrasive image.Jones quit less than seven months after joining the San Francisco company, an Uber spokesman said on Sunday.In a statement to Reuters, Jones said he could not continue a......
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Germany's Merkel calls for standardized European rules on using data

BERLIN German Chancellor Angela Merkel called on Saturday for Europe to set about standardizing rules on using data in Europe, ahead of a visit to the CeBIT technology fair in Hanover where digitalization is expected to be in focus."We want to create a digital single European market. That means we need to have legal situations that are as similar as possible in all European countries," Merkel said in her weekly video podcast. ......
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Nokia's mobile networks head quits, to split business

HELSINKI Nokia's (NOKIA.HE) head of mobile networks, the division which accounted for more than half of Finnish telecom network equipment maker's sales last year, is leaving the company.Nokia said on Friday it would break out services as a distinct business group from mobile networks following the departure of Samih Elhage, who joined the company in 2012 and helped to turn around its network business at a time when it was a troubled joint v......
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Apple, Google, Facebook skip legal challenge to new travel ban

By David Ingram | SAN FRANCISCO SAN FRANCISCO Apple Inc, Alphabet Inc's Google and Facebook Inc are among more than 60 technology companies that appear to have backed away from the legal fight against U.S. President Donald Trump's controversial travel ban, deciding not to put their weight behind a lawsuit seeking to block the second version of his executive order.A legal brief filed in federal court in Hawaii on Tuesday on b......
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Snapchat 2017 ad revenue forecast trimmed to $770 million: eMarketer

The 2017 advertising revenue forecast for Snap Inc’s Snapchat has been trimmed by $30 million due to higher than expected revenue sharing with its partners, digital marketing firm eMarketer said in its latest ad spending forecast on Tuesday.While that still represents growth of more than 157 percent from last year, it is smaller than eMarketer’s prior forecast in September, which had predicted more than $800 million. Snap Inc disclosed the ......
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Smart condo conundrum: Talk to appliances, or text them?

By Jeremy Wagstaff | SINGAPORE SINGAPORE In today's so-called smart home, you can dim the lights, order more toothpaste or tell the kids to go to bed simply by talking to a small Wifi-connected speaker, such as Amazon's (AMZN.O) Echo or Google's (GOOGL.O) Home.This voice-first market - combining voice with artificial intelligence (AI) - barely existed in 2014. This year, Voice Labs, a consultancy, expects 24.5 million applia......
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U.S. regulators reject Bitcoin ETF, digital currency plunges

NEW YORK The U.S. Securities and Exchange Commission on Friday denied a request to list what would have been the first U.S. exchange-traded fund built to track bitcoin, the digital currency.Investors Cameron and Tyler Winklevoss have been trying for more than three years to convince the SEC to let it bring the Bitcoin ETF to market. CBOE Holdings Inc's Bats exchange had applied to list the ETF.The digital currency's price plunged, falling a......
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LinkedIn executive for recruiting software to depart after senior management changes

Eduardo Vivas, an executive in charge of shaping one of LinkedIn's biggest revenue generators, plans to leave, a company spokeswoman confirmed on Friday.Vivas is the head of product for Mountain View, California-based LinkedIn's Talent Solutions business, which includes paid tools for corporate recruiters to find candidates on the work-focused social network. It accounted for $1.8 billion of $3 billion in total revenue in 2015, the last ful......
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Tech workers find communal living a solution for high rents

SAN FRANCISCO Zander Dejah, 25, pays $1,900 a month rent to live in a downtown San Francisco house with at least 40 other people, many of whom sleep in bunk beds.Dejah is a resident of The Negev, a communal living space that styles itself as a home for millennial tech workers to brainstorm ideas, write code and create apps, even if they have to share toilets and bathrooms with dozens of others. (Related photo essay: here)Houses like The Neg......
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Capital One launches Eno, gender-neutral virtual assistant

By Anna Irrera | NEW YORK NEW YORK Capital One Financial Corp has developed a "chatbot" named Eno, an automated program that can communicate with the bank's customers via text message to give them information on their accounts and help them make credit card payments from their smartphone.Capital One's gender-neutral virtual assistant, which is being rolled out as a pilot to a segment of its customers, uses artificial intelli......
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Samsung Group chief denies all charges as 'trial of the century' begins

SEOUL The head of South Korea's Samsung Group, Jay Y. Lee, denies all charges against him, his lawyer said on Thursday, at the start of what the special prosecutor said could be the "trial of the century" amid a political scandal that has rocked the country.Lee has been charged with bribery, embezzlement and other offences in a corruption scandal that has already led to the impeachment of President Park Geun-hye. Lee, who is being detained ......
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Airbnb CEO offers property hosts bigger role in company

By Heather Somerville | SAN FRANCISCO SAN FRANCISCO Airbnb, the leading online marketplace for short-term lodging, on Tuesday invited some of the owners of properties listed on its service, known as hosts, to attend executive board meetings and offered them more direct contact with its chief executive, in an attempt to give the people vital to the company's success a greater say in how it is run. Airbnb depends on the loyalt......
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Beijing Auto's green car unit plans IPO in 2018

BEIJING The green energy car subsidiary of Chinese automaker Beijing Automotive Group [BEJINS.UL] plans an initial public offering in 2018, Chairman Xu Heyi said on Monday, adding that the unit should be profitable that year.China has aggressively promoted battery electric and plug-in hybrid cars, including spending billions of dollars in subsidies, in an effort to cut heavy urban smog and promote technological innovation in its auto sector......
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Uber used secret tool to evade authorities

Ride services company Uber Technologies Inc [UBER.UL] for years has used a secret tool to avoid authorities in markets where its service faced resistance by law enforcement or was banned, the company confirmed on Friday.The New York Times first reported the existence of the program, called Greyball, which uses data from the Uber app and other methods to identify and circumvent officials who aimed to ticket or apprehend drivers in cities tha......
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Bitcoin hits all-time high as talk of U.S. ETF approval intensifies

NEW YORK Digital currency bitcoin hit a record high on Friday on optimism about the approval of the first U.S. bitcoin exchange-traded fund by the Securities and Exchange Commission."There's one catalyst at the moment and that is the expectation that the Winklevoss Trust will be approved on the 11th of March. That's the only game in town," said Daniel Masters, portfolio manager of Jersey-based Global Advisors Bitcoin Investment Program. Inv......
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Chinese e-commerce firm JD.com's revenue jumps 47 percent

BEIJING JD.com Inc, China's second biggest e-commerce firm, said fourth-quarter revenue jumped 47 percent from a year earlier driven by strong sales in their core e-commerce businesses. Amid fierce competition, JD has sought to diversify into data, cloud and finance services. It has also expanded its offerings of fast moving consumer goods including household supplies and grocery products.Revenue for the three months to end-December came in......
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Exclusive: Mexico may force Slim's America Movil to separate fixed unit - sources

By Christine Murray | MEXICO CITY MEXICO CITY Mexico's telecoms regulator has discussed forcing billionaire Carlos Slim to legally separate part of his fixed-line unit Telmex from the rest of the company, people familiar with the matter said, a move that would intensify antitrust rules against the company.Late on Monday, the regulator's seven-person board voted on whether to toughen, maintain or loosen rules against America ......
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Self-driving Nissan car takes to Europe's streets for first time

LONDON Guided by cameras and radars, and negotiating traffic and roundabouts, a self-driving Nissan car took to the streets of London on Monday for the Japanese company's first European tests of an autonomous vehicle. Travelling at up to 50 miles (80 km) per hour and moving from local streets to a major multi-lane road, the modified Nissan LEAF electric car showcased the kind of technology many hope to be the future of travel. Britain has b......
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Berkshire Hathaway gains $1.6 billion from its huge bite of Apple

By Jennifer Ablan | NEW YORK NEW YORK Warren Buffett's Berkshire Hathaway Inc (BRKa.N) is sitting on more than $1.6 billion of gains in its investment in Apple Inc. (AAPL.O) after shares of the iPhone maker surged.Berkshire revealed that its massive stake in Apple stock, as of Dec. 31, had risen to 61.2 million shares for a total of $6.75 billion, an average of about $110.17 apiece, according to the annual report Saturday fr......
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Ghosts of past tech IPOs could haunt Snap's performance

Snap Inc appears set to make a splash next week with the biggest tech stock debut since Facebook Inc, but history suggests investors shut out of the initial public offering would be better off waiting a bit to chase this unicorn on the open market.Globally, shares of most of the 25 largest technology IPOs have languished in their first 12 months on the public market, with 16 of them notching a hefty decline from their debut day closing pric......
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Microsoft, Airbus climb aboard drones software firm AirMap

By Eric Auchard | FRANKFURT FRANKFURT AirMap, a start-up which has become the world's top supplier of air traffic management software for drones, is raising $26 million in new financing from a group of industry investors led by the venture capital investment arm of Microsoft.The group led by Microsoft Ventures also includes the venture capital unit of aerospace giant Airbus, chipmaker Qualcomm, Japanese tech firms Rakuten an......
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Confident Snap brushes off concerns on second day of IPO roadshow

NEW YORK Snap Inc, owner of popular messaging app Snapchat, fended off investor skepticism on the second day of its IPO roadshow on Tuesday, betting on the charisma of CEO Evan Spiegel, 26, whom it introduced as a "once in a generation founder."Snap is targeting a valuation of between $19.5 billion and $22.3 billion from listing on the New York Stock Exchange in two weeks. It cut its initial target of $20 billion-$25 billion last week follo......
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Snap arrives in London to woo skeptical investors ahead of IPO

LONDON Snap Inc, owner of popular messaging app Snapchat, kicked off its first investor roadshow on Monday, looking to persuade London money managers to back its initial public offering in the face of concerns about its growth prospects, valuation and corporate governance.The U.S. company, which has yet to make a profit, is targeting a valuation of between $19.5 billion and $22.3 billion from listing on the New York Stock Exchange, after cu......
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U.S. inquiries into Russian election hacking include three FBI probes

By Joseph Menn | SAN FRANCISCO SAN FRANCISCO The U.S. Federal Bureau of Investigation is pursuing at least three separate probes relating to alleged Russian hacking of the U.S. presidential elections, according to five current and former government officials with direct knowledge of the situation.While the fact that the FBI is investigating had been reported previously by the New York Times and other media, these officials s......
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