17 October 2017


  • As ICO provides a chance to exit a startup investment quickly, it has become increasingly popular with investors. Photo: Reuters

    ICOs giving venture capital firms a run for their money

    - Oct 17, 2017 10:00am
    Numerous startups worldwide have rushed to the initial coin offering (ICO) market to raise funds, and this trend may disrupt the long-time reliance on traditional venture capital, according to Heatherm Huang, founder of MailTime. ICO is...
  • JP Morgan says its new payment processing network powered by blockchain will ensure better efficiency and security. Photo: Bloomberg

    JPMorgan launches payments network using blockchain tech

    Oct 17, 2017 8:41am
    JPMorgan Chase has launched a new payment processing network that uses blockchain technology, undertaking an initiative in partnership with Royal Bank of Canada and Australia and New Zealand Banking Group. The Interbank Information Network will allow payments...
  • Huawei has been expanding in the handset market in the past few years after dominating the market for telecommunications equipment. Photo: Reuters

    Huawei unveils new smartphone with AI capabilities

    Oct 17, 2017 8:35am
    Huawei Technologies Co., the Chinese telecom giant established three decades ago by former People’s Liberation Army engineer Ren Zhengfei, is launching a new flagship smartphone that it hopes will help cement its grip as the top...
  • A British cyber-security firm believes a North Korea-linked hacking group may be responsible for a cyber-heist targeting a Taiwan bank. Photo: Reuters

    N Korea suspected to be behind Taiwan SWIFT cyber-heist

    Oct 17, 2017 8:31am
    A British technology firm believes the North Korean Lazarus hacking group may be behind a recent cyber-heist in Taiwan, the latest in a string of hacks targeting the global SWIFT messaging system, Reuters reports. “The likely...
  • The Concept-i model will be able to estimate the emotions and alertness of drivers by reading their expressions, actions and tone of voice. Photo: Reuters

    Toyota to test self-driving, talking cars by 2020

    Oct 17, 2017 8:18am
    Toyota Motor Corp. on Monday said it would begin testing self-driving electric cars around 2020, which will use artificial intelligence (AI) to engage with drivers, as the company competes with tech firms to develop new vehicles,...
  • Adobe has urged users to avail of an update in its Flash multimedia software to guard against hacker attacks. Photo: Reuters

    Hackers exploiting Flash software, Adobe warns

    Oct 17, 2017 8:08am
    Adobe Systems warned that hackers are exploiting vulnerabilities in its Flash multimedia software platform in web browsers, and called on users to quickly patch their systems to prevent such attacks, Reuters reports. The warning Monday came after...
  • Apple CEO Tim Cook says investors who are keen to know about a startup's exit strategy are in it for s quick killing and should be avoided. Photo: Bloomberg

    Which emerging technology excites Tim Cook the most?

    - Oct 16, 2017 3:35pm
    If you are an entrepreneur and you have a VC (venture capital) company steering you toward a quick exit to a tech giant like Apple or Google, “you should get up and walk out of the...
  • Wireless charging is becoming popular, especially now that Apple has added it to its new iPhones, but there are issues and risks that users need to be concerned about. Photo: Bloomberg/HKEJ

    Wireless charging: What are the risks?

    - Oct 16, 2017 10:12am
    Wireless charging is becoming a popular buzzword in the market, especially now that Apple has added it to its new iPhones, but what is it? To discuss issues related to this technology and the impact of...
  • Precognize helps industrial plants prevent problems and damage with an AI-based system that can read data collected from sensors. Image: Times of Israel /Precognize

    Israeli startup uses AI to predict risks at industrial plants

    Oct 13, 2017 10:14am
    There has been much discussion on how artificial intelligence (AI) can help create a better world. Among the various startups that are involved in such technologies is Israel-based Precognize, which is applying its knowhow to detect...
  • The breach included data on Australia's planned purchase of up to 100 F-35 fighters made by Lockheed Martin. Photo: Wikipedia

    Hacker steals sensitive data on US weapons in four-month attack

    Oct 13, 2017 8:39am
    A hacker has stolen commercially sensitive data on sophisticated US weapons systems from an Australian defense contractor in a four-month attack on the company’s computers, the Wall Street Journal reports. The attacker was nicknamed “Alf”, and...
  • Waymo’s tough negotiating stance reflects the company’s confidence in its legal position after months of pretrial victories. Photo: Reuters

    Waymo demanded US$1 bln in settlement talks with Uber

    Oct 13, 2017 8:23am
    Alphabet Inc.’s Waymo sought at least US$1 billion in damages and a public apology from Uber Technologies Inc. as conditions for settling its high-profile trade secret lawsuit against the ride-services company, Reuters reports, citing sources familiar...
  • Sheryl Sandberg is shown in Washington after meeting with US lawmakers investigating alleged Russian interference during the 2016 election. Photo: Reuters

    Facebook to help investigators release Russia ads

    Oct 13, 2017 8:11am
    Facebook Inc. chief operating officer Sheryl Sandberg said on Thursday the company was committed to helping US congressional investigators publicly release Russia-backed political ads that ran during the 2016 US election, Reuters reports. “Things happened on...
  • Richard Branson plans to take the company global and rebrand it as Virgin Hyperloop One in the near future. Photo: Reuters

    Branson takes another bet on the future with Hyperloop One

    Oct 13, 2017 7:58am
    British billionaire Richard Branson on Thursday placed another bet on the future with an investment in Hyperloop One, which is developing super high-speed transportation systems, Reuters reports. Hyperloop One said Branson’s Virgin Group would take the...
  • JPMorgan Chase & Co. chief executive Jamie Dimon has criticized bitcoin as a "fraud". He said he would fire any traders at his bank who touched bitcoin. Photo: Reuters

    JPMorgan CFO dials back Dimon’s bitcoin criticism

    Oct 13, 2017 7:49am
    JPMorgan Chase & Co. chief executive Jamie Dimon got the market’s attention by calling bitcoin a “fraud” last month, but he declined to discuss the topic on Thursday as his finance chief dialed back some of...
  • provides versatile accommodation arrangements, including tents, apart from luxury or bed and breakfast lodging rentals. Photo: China News Service

    Tujia expands in Japan as rivalry with Airbnb heats up

    Oct 12, 2017 3:15pm, a Chinese online vacation rental startup, plans to boost its presence in Japan to take advantage of the 2020 Tokyo Summer Olympics. Tomoko Suzuki, chief executive of Tujia’s Japanese unit, said the company also sees...
  • While already exerting considerable influence over businesses through regulation, the government still wants a management role to have a direct hand in major tech companies like Tencent. Photo: Bloomberg

    Beijing seeking stakes, direct role in key tech firms: WSJ

    Oct 12, 2017 8:42am
    The Chinese government wants to have a stake in the country’s major technology companies and a direct role in their corporate decisions, the Wall Street Journal reports. Internet regulators have met with representatives of social media...
  • Russian hackers used Kaspersky’s software in 2015 to target a contractor working for the National Security Agency. Photo: WSJ

    Russia turns Kaspersky software into tool for spying

    Oct 12, 2017 8:35am
    The Russian government used a popular antivirus software to secretly scan computers around the world for classified US government documents and top-secret information, modifying the program to turn it into an espionage tool, the Wall Street...
  • Qualcomm says it disagrees with the decision to fine it US$774 million for antitrust violations and and vows to challenge the ruling in court. Photo: Reuters

    Taiwan fines Qualcomm US$774 mln for antitrust violations

    Oct 12, 2017 8:06am
    Qualcomm Inc. faces an antitrust fine in Taiwan, the latest in a years-long streak of regulatory setbacks to its business model that comes as it also fights US regulators and iPhone maker Apple Inc. in court...
  • Entities in Russia and Crimea that are subject to sanctions have acquired more than 5,000 Microsoft products worth about 60 million rubles (US$1.03 million). Photo: Reuters

    Russians acquire Microsoft software despite sanctions

    Oct 12, 2017 7:52am
    Software produced by Microsoft Corp has been acquired by state organizations and firms in Russia and Crimea despite sanctions barring US-based companies from doing business with them, Reuters reports, citing official documents. The acquisitions, registered on...
  • Mark Zuckerbeg says the device will cost US$199 and ship early next year. Photo: Reuters

    Facebook to launch new virtual reality headset

    Oct 12, 2017 7:44am
    Facebook Inc. plans to release a new virtual reality headset that does not require a separate computer to operate, allowing more mobile uses than the company’s existing Oculus Rift product, chief executive Mark Zuckerberg said on...

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