25 May 2018

Tech, Media & Telecom

  • According to an estimate, only about 20 percent or less has been recovered out of the stolen cryptocurrencies since the beginning of 2017. Photo: Reuters

    US$1.2 bln in cryptocurrency estimated stolen since 2017

    May 25, 2018 9:48am
    Criminals are estimated to have stolen about US$1.2 billion in cryptocurrencies since the beginning of 2017, according to the Anti-Phishing Working Group (APWG). The estimates from the non-profit group’s research on cryptocurrency include reported and unreported...
  • US federal prosecutors are said to be working with the Commodity Futures Trading Commission in a criminal probe into suspected illicit trading practices in bitcoin and other digital currencies. Photo: Reuters

    US launches probe into bitcoin price manipulation: report

    May 25, 2018 9:28am
    The US Justice Department has opened a criminal probe into whether traders are manipulating the price of bitcoin and other digital currencies, Bloomberg reports, citing sources familiar with the matter. The investigation is centered on illegal...
  • Apple says its design patent infringement case against Samsung ‘has always been about more than money.' Photo: Reuters

    Apple wins US$539 mln in damages in Samsung patent retrial

    May 25, 2018 9:07am
    Apple Inc was on Thursday awarded almost US$540 million in damages from Samsung Electronics in retrial of a US case related to design patent infringement. After nearly five days of deliberations, a jury in a California...
  • Tesla is undergoing a thorough reorganization in order to improve its operational efficiency. Photo: Reuters

    Tesla’s new hiring strategy

    - May 25, 2018 8:13am
    Tesla is suffering a brain drain. Recent departures from the electric-car maker include Matthew Schwall, the director of field performance engineering; Jim Keller, autopilot head; Will McColl, senior director of manufacturing engineering; Jon Wagner, director of...
  • There are analysts out there who say bitcoin will reach US$50,000 by the end of this year, and to the other extremes, those who believe it will be worthless. Photo: Reuters

    Bitcoin, human stupidity and the US$82 mln pizza order

    - May 25, 2018 8:13am
    How could a pizza order be worth US$82 million? The answer lies in Bitcoin pizza day, which first happened on May 22, 2010 – when Bitcoin user Laszlo Hanyecz bought two pizzas with the cryptocurrency. Our...
  • Around US$1.3 billion has been invested in blockchain companies in the first five months of 2018, exceeding the amount of venture capital in the field for the whole of 2017, according to Crunchbase. Photo: Bloomberg

    VC blockchain investment hits US$1.3 bln, topping 2017 funding

    - May 24, 2018 6:14pm
    About US$1.3 billion has been invested in blockchain companies in the first five months this year, surpassing the amount of venture capital in the field for the whole of 2017, Crunchbase reports. A number of large funding...
  • NewsDog is said to have been topping the Google Play store news category since 2016 in India. Photos: Reuters, NewsDog

    Tencent invests in India-focused news aggregator app NewsDog

    - May 24, 2018 2:23pm
    Chinese internet giant Tencent Holdings has led a funding round for NewsDog, an India-focused news aggregator app which some observers believe has the potential to grow into a scale comparable to China’s hugely popular Toutiao news...
  • is using augmented reality and 3D technologies to create multiple interactive experiences for shoppers to find the right products online. Photo: Bloomberg

    How is using AR to boost sales

    - May 24, 2018 11:39am, one of the leading e-commerce platforms in China, is leveraging on augmented reality (AR) technology to integrate online and offline shopping experience. It will introduce three AR-powered products: a makeup mirror, a dressing mirror, and...
  • A Foxconn subsidiary is launching what would be mainland China’s biggest IPO in almost three years.  Photo: Reuters

    Foxconn unit to raise up to US$4.26 bln in China IPO

    May 24, 2018 9:22am
    Foxconn Industrial Internet (FII), a subsidiary of Taiwanese electronics contract manufacturing giant Foxconn Group, is seeking to raise up to 27.1 billion yuan (US$4.26 billion) for its planned listing on the Shanghai Stock Exchange. In what...
  • Fox and its shareholders are under pressure not to rush into approving the US$52-billion deal with Walt Disney. Photo: AFP

    Comcast prepares to top Disney’s US$52 bln offer for Fox

    May 24, 2018 9:14am
    Comcast Corp. says it is preparing a higher, all-cash offer for most of the media assets of Twenty-First Century Fox, setting up a bidding war with rival Walt Disney Co., which already has agreed to a...
  • Chief Executive Carrie Lam (center) attends the launch of HKAI Lab at the Hong Kong Science Park on Monday. Photo: ISD

    Alibaba, SenseTime, HKSTP launch fund for AI development

    - May 23, 2018 6:43pm
    The Alibaba Hong Kong Entrepreneurs Fund, artificial intelligence (AI) startup SenseTime and Hong Kong Science and Technology Parks Corporation (HKSTP) have jointly launched an initiative to step up AI development in Hong Kong. Called HKAI Lab, the...
  • HTC is betting on the blockchain technology to boost its image as an innovative smartphone maker. Photo: Bloomberg

    Can a blockchain smartphone save HTC?

    - May 23, 2018 12:08pm
    For Taiwan smartphone maker HTC, this year is crucial for its business development as it needs to demonstrate its capability as a stand-alone smartphone maker after it sold its ODM business to Google for US$1.1 billion....
  • Adobe's acquisition of e-commerce firm Magento is an example of the company's increased investment in the marketing analytics business. Photo: Bloomberg

    Adobe to acquire e-commerce firm Magento for US$1.68 billion

    May 23, 2018 12:06pm
    Adobe, the maker of the popular Photoshop and Illustrator creative programs, is acquiring Magento, an e-commerce services provider for enterprises, for US$1.68 billion, TechCrunch reports. Adobe said it has entered into a definitive agreement to acquire...
  • High-end graphic cards are installed in a cryptocurrency mining computer. A Chinese leader in mining hardware is reported to be planning a large IPO. Photo: Reuters

    Chinese crypto mining rig supplier plans big IPO: report

    May 23, 2018 9:24am
    Canaan, a Beijing-based cryptocurrency mining rig supplier, is looking to raise up to US$2 billion in an initial public offering, Reuters reports, citing sources with knowledge of the matter. The offering for Canaan, which claims to...
  • Sony Corp's President and CEO Kenichiro Yoshida address a news conference at the company's headquarters in Tokyo on Tuesday. Photo: Reuters

    Sony buys additional 60% stake in EMI Music for US$2.3 bln

    May 23, 2018 9:07am
    Sony Corp said on Tuesday that is acquiring an additional 60 percent stake in EMI Music Publishing in a US$2.3 billion deal that will help the Japanese firm become the world’s largest music publisher. The acquisition,...
  • ZTE could be made to pay a large fine and undertake management changes, rather than suffer crippling US sanctions, Donald Trump proposed on Tuesday. Photo: Reuters

    Trump proposes large fine, management changes for ZTE

    May 23, 2018 8:49am
    US President Donald Trump on Tuesday floated a plan to fine ZTE and shake up its management as his administration considers rolling back more severe penalties that have crippled the Chinese telecoms firm, Reuters reports. Speaking...
  • Nvidia researchers have developed a system that can teach a robot how to perform a task by simply observing human actions. Photo: Reuters

    Nvidia develops system to teach robots how to complete tasks

    May 21, 2018 6:26pm
    Nvidia Corp., a US designer of graphics processing units (GPUs), says its researchers have developed a system that can teach a robot how to perform a task by observing human actions. Calling it “a first of...
  • Baidu chief operating officer Lu Qi oversaw the company’s artificial intelligence drive. Photo: Bloomberg

    Baidu’s top AI executive Lu Qi stepping down

    May 21, 2018 1:15pm
    Baidu’s chief operating officer Lu Qi, who oversaw the company’s artificial intelligence (AI) drive, is stepping down in July, less than two years into his tenure in China’s biggest search engine, Reuters reports. Baidu’s stock tumbled...
  • Jack Ma is spotted in a Causeway Bay convenience store using his Alipay to buy a copy of the South China Morning Post. Photo: Bloomberg/Internet

    Jack Ma uses his Alipay to buy copy of own newspaper

    - May 21, 2018 12:39pm
    Alibaba Group chairman Jack Ma was spotted in a Causeway Bay convenience store buying a copy of the South China Morning Post, which he owns. One wonders why a photo of such a candid moment would go...
  • The new flaws, dubbed Spectre-Next Generation, could allow attackers to access personal data such as passwords and encryption keys. Photo: Reuters

    Germany urges chip and hardware makers to tackle processor flaws

    May 21, 2018 9:18am
    Germany’s federal cyber agency called on chip and hardware makers to address new vulnerabilities discovered in computer central processing units, but said no complete fix was possible at the moment, Reuters reports. The BSI said its...

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