technologyNews

U.S. widens blacklist to include China’s top AI startups ahead of trade talks

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WASHINGTON/SHANGHAI (Reuters) – The U.S. government expanded its trade blacklist to include some of China’s top artificial intelligence startups, punishing Beijing for its treatment of Muslim minorities and ratcheting up tensions ahead of high-level trade talks in Washington this week. The decision, almost certain to draw a sharp response from Beijing, targets 20 Chinese public […]

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Bosch to make silicon carbide chips in electric vehicle range-anxiety play

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DRESDEN, Germany (Reuters) – German automotive supplier Robert Bosch [ROBG.UL] is launching production of silicon carbide automotive chips, in a move to address the range anxiety that deters many drivers from switching to electric vehicles. FILE PHOTO: A Bosch logo is pictured in Renningen near Stuttgart, Germany July 29, 2016. REUTERS/Michaela Rehle Silicon carbide is

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Vodafone tests new network tech in UK in challenge to ‘big three’ suppliers

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LONDON (Reuters) – Vodafone is testing innovative open access radio technology in Britain – a first for Europe – in a move that could break the grip Huawei, Ericsson and Nokia hold on the telco equipment market. FILE PHOTO: The Vodafone logo is seen at the Mobile World Congress in Barcelona, Spain, February 28, 2018.

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PayPal becomes first member to exit Facebook’s Libra Association

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WASHINGTON (Reuters) – U.S. payments processor PayPal Holdings Inc (PYPL.O) said on Friday it was leaving Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra, making it the first member to exit the group. FILE PHOTO: Small toy figures are seen on representations of virtual currency in front of the

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U.S. agency reviews whether 2,000 Teslas should have been recalled

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WASHINGTON (Reuters) – U.S. regulators said on Friday they were reviewing whether Tesla Inc should have recalled 2,000 of its electric cars in May instead of issuing a software upgrade to fix a potential defect that could have resulted in battery fires. FILE PHOTO: A Tesla Model S steering wheel is on display at the

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Indonesia’s Bukalapak gets investment from South Korea’s Shinhan, says valuation $2.5 billion

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JAKARTA (Reuters) – Indonesian e-commerce firm Bukalapak on Friday said South Korea’s Shinhan Financial Group Co Ltd joined its latest fundraising round that valued the startup at over $2.5 billion. Bukalapak did not disclose the amount it will receive through Shinhan’s investment banking unit Shinhan GIB, nor the size of the stake Shinhan would gain.

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Uber launches app aimed at connecting workers with businesses

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FILE PHOTO: A screen displays the company logo for Uber Technologies Inc. on the day of it’s IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – Ride-hailing firm Uber Technologies Inc said it launched an app called Uber Works to connect temporary workers looking

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Samsung ends mobile phone production in China

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SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) has ended mobile telephone production in China, it said on Wednesday, hurt by intensifying competition from domestic rivals in the world’s biggest smartphone market. The shutdown of Samsung’s last China phone factory comes after it cut production at the plant in the southern city of Huizhou in

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Zuckerberg says Facebook would defeat break-up effort if Warren elected president

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WASHINGTON (Reuters) – Facebook Inc (FB.O) Chief Executive Officer Mark Zuckerberg told employees in July he expected the company would face an effort to break up the world’s largest social media company if Democrat Elizabeth Warren were elected president, according to audio of two internal company meetings from July published by The Verge. FILE PHOTO:

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WeWork throws in the towel on its ill-fated IPO

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(Reuters) – WeWork’s parent The We Company said on Monday it will file to withdraw its initial public offering, a week after the SoftBank-backed office-sharing startup ousted founder Adam Neumann as its chief executive officer. FILE PHOTO: A man enters a WeWork co-working space in New York City, New York U.S., January 8, 2019. REUTERS/Brendan

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