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Uber CEO sees commercialization of flying taxis in 5-10 years

TOKYO: Uber Technologies Inc Chief Executive Officer Dara Khosrowshahi said on Tuesday he can see commercialization of the Uber Air flying taxi service happening within five to 10 years. The U.S. ride-hailing app maker has said it expects flying vehicles to eventually become an affordable method of mass transportation. Khosrowshahi was speaking at an investor forum in Tokyo on his...

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Twitter hits a milestone with first-ever profit

WASHINGTON: Twitter on Thursday reported its first-ever quarterly profit, in a key milestone for the social network which has been lagging for years against fast-growing rivals. San Francisco-based Twitter said it earned $91 million in the fourth quarter, the first positive net income since going public in 2013. Revenue was up two percent from a year ago to a better-than-expected...

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Alibaba to take $486 mln stake in China retail data firm

SHANGHAI (Reuters) - China’s biggest e-commerce company Alibaba Group Holding Ltd will invest $486 million for a stake in a domestic big- data firm focused on hotels and retail, as part of a push to deepen its offline presence. The firm will buy a 38 percent stake in Shiji Retail Information Technology Co via its subsidiary Alibaba Investment Ltd, the...

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Google eyes gaming with ‘Yeti’ streaming service: report

Alphabet Inc’s Google is developing a subscription-based game streaming service that could work either on its Chromecast or a Google-made console, which is still being developed, the Information website reported on Wednesday. The service, codenamed Yeti, would put Google at the forefront of a new part of the videogame business that lets people play games as they're being streamed, rather...

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Samsung to begin investing in new domestic memory chip line: Yonhap

SEOUL: Samsung Electronics Co Ltd has decided to begin investment to build a second memory chip line at its Pyeongtaek production facilities in South Korea, Yonhap news agency reported on Wednesday. Chipmakers are investing heavily to meet booming demand for semiconductors and Samsung said last year it planned to invest 30 trillion won ($27.63 billion) in its Pyeongtaek factory by...

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Zuckerberg acknowledges ‘mistakes’ as Facebook turns 14

SAN FRANCISCO: Mark Zuckerberg offered fresh self-criticism, acknowledging making numerous mistakes in building the world’s biggest social network as Facebook marked its 14th birthday. "Over the years, I’ve made almost every mistake you can imagine," the Facebook co-founder said on his personal page. "I’ve made dozens of technical errors and bad deals. I’ve trusted the wrong people and I’ve put...

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Seattle says Facebook is violating city campaign finance law

SAN FRANCISCO: Seattle’s election authority said on Monday that Facebook Inc is in violation of a city law that requires disclosure of who buys election ads, the first attempt of its kind to regulate U.S. political ads on the internet. Facebook must disclose details about spending in last year’s Seattle city elections or face penalties, Wayne Barnett, executive director of...

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Apple overtakes Samsung in shrinking smartphone market: survey

WASHINGTON: Apple overtook Samsung in the fourth quarter as the largest smartphone producer in a declining global market for handsets, research firm IDC said Friday. A survey by IDC showed Apple -- which reported its quarterly data Thursday -- led all vendors with 77.3 million iPhones sold, giving it a 19.2 percent market share. Even though Apple´s fourth-quarter unit sales...

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Cybercriminals target booming cryptocurrencies: report

NEW YORK: Bitcoin’s popularity and the emergence of about 1,500 other digital coins or tokens have drawn more hackers into the red-hot cryptocurrency space, expanding opportunities for crime and fraud, cybersecurity firm Digital Shadows warned in a report on Thursday. “Cybercriminals follow the money and right now they see in the unregulated and largely unsecure world of digital currencies a...

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SpaceX blasts off Luxembourg government satellite

MIAMI: SpaceX on Wednesday blasted off a four-ton secure military communications satellite called GovSat-1, a partnership between the government of Luxembourg and the satellite operator SES. The prime minister and deputy prime minister of Luxembourg were in Florida for the launch, along with the prince and princess of Luxembourg, SpaceX said. "There you saw a successful liftoff of the Falcon...

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Facebook bans ads for cryptocurrencies, including Bitcoin

WASHINGTON: Facebook says it is banning all ads related to cryptocurrencies in an effort to fight scams. The social media giant said it is barring ads for "financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings and cryptocurrency." Initial coin offerings or ICOs are a way for companies...

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Google aims to get ‘diverse perspectives’ into search results

SAN FRANCISCO: Alphabet Inc’s Google will put more of a premium on “diverse perspectives” in its search results, saying in a blog post on Tuesday that answers highlighted at the top of result pages would soon display multiple viewpoints on topics for the first time ever. The move comes as internet companies face increasing political pressure to rid their services...

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Microsoft issues emergency Windows update to disable Intel’s buggy Spectre fixes

Microsoft Corp issued an emergency security update on Monday to plug Intel Corp’s buggy Spectre firmware patch after the chipmaker’s fix caused computers to reboot more often than normal. Microsoft said it was rolling out an out-of-band update that specifically disables Intel’s Spectre variant 2 patch. The latest update comes nearly four weeks after Intel confirmed that its chips were...

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India’s Ola eyes Australia market in tussle with global rival Uber

MUMBAI - Indian ride-hailing company Ola announced plans on Tuesday to enter Australia, marking its first foray outside its home market and intensifying its tussle with U.S. rival Uber Technologies Inc. Ola will begin inviting private vehicle owners and driver partners to work with it in the cities of Sydney, Melbourne and Perth, with plans to start commercial operations in...

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Nokia introduces high-capacity 5G chipsets

FRANKFURT: Nokia is introducing new silicon chipsets for running next-generation 5G wireless networks that promise to cut antenna size in half, triple data-handling capacity and cut the power consumption of mobile towers, the company said on Monday. The chipsets, known as ReefShark, are expected to ship in volume during the third quarter of 2018 and can be inserted into Nokia’s...

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Facebook makes privacy push ahead of strict EU law

BRUSSELS: Facebook said on Monday it was publishing its privacy principles for the first time and rolling out educational videos to help users control who has access to their information, as it prepares for the start of a tough new EU data protection law. The videos will show users how to manage the data that Facebook uses to show them...

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Trump security team sees building U.S. 5G network as option

WASHINGTON: President Donald Trump’s national security team is looking at options to counter the threat of China spying on U.S. phone calls that include the government building a super-fast 5G wireless network, a senior administration official said on Sunday. The official, confirming the gist of a report from Axios.com, said the option was being debated at a low level in...

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