24 April 2018

Tech, Media & Telecom

  • Alexander Nix (right), the ousted CEO of Cambridge Analytica, had spoken earlier about how blockchain can help people take ownership of their data and monetize it. Photo: Reuters

    Cambridge Analytica planned to issue digital currency: report

    Apr 18, 2018 4:54pm
    Data analytics consultancy Cambridge Analytica had been planning to raise money through its own cryptocurrency before it became embroiled in the Facebook data scandal, according to Reuters. Citing sources familiar with the matter, the news agency reports...
  • Starting this week, Facebook will seek Europeans’ permission for a variety of ways it uses their data, but users cannot opt out of targeted marketing. Photo: AFP

    Facebook: Users must accept targeted ads even under new EU law

    Apr 18, 2018 4:54pm
    Facebook Inc. said it will continue requiring people to accept targeted ads as a condition for using its service, a stance that may help keep its business model largely intact despite a new European Union privacy...
  • International Monetary Fund chief Christine Lagarde called for an open-minded and even-handed approach in devising a regulatory framework for crypto assets. Photo: Reuters, Bloomberg

    IMF chief praises crypto assets, urges even-handed approach

    Apr 18, 2018 2:08pm
    The cryptocurrency community received surprising, if positive, remarks from the head of the International Monetary Fund, Christine Lagarde, who outlined the benefits of crypto assets and the underlying distributed ledger technology. In her latest blog post, the IMF...
  • HomePod has seen sluggish sales since its launch in January at the price of US$349. Photo: AFP

    Why Apple’s HomePod has failed to make waves in tech market

    - Apr 18, 2018 12:45pm
    Apple is a market leader when it comes to smartphones, tablets and wearables, generating tremendous market response from consumers. However, HomePod, the smart speaker it launched early this year, has so failed to make waves in...
  • ZTE shipped 46.4 million smartphones last year, placing it seventh among Android-based phone makers. Photo: Reuters

    ZTE may lose Android license as US market woes build

    Apr 18, 2018 9:21am
    Chinese smartphone maker ZTE Corp.’s US woes deepened as regulators proposed new rules that could cut into its sales, while a supply ban means it may not be able to use Android software in its devices,...
  • Web servers run inside Facebook's data center in Prineville, Oregon. Facebook and other global technology firms have vowed to protect customers  from attacks regardless of geopolitical or criminal motive. Photo: Bloomberg

    Global tech firms vow not to aid government cyber attacks

    Apr 18, 2018 7:04am
    Microsoft, Facebook and more than 30 other global technology companies announced a joint pledge not to assist any government in offensive cyber attacks, Reuters reports. The Cybersecurity Tech Accord, which vows to protect all customers from...
  • Garage Society founder and chief executive Elaine Tsung (inset) believes "co-work" means a mode of work, besides a space for work. Photo: Garage Society

    Garage Society opens campus to train innovation & tech leaders

    - Apr 17, 2018 6:03pm
    Garage Society, a Hong Kong-based co-working space operator, announced on Monday it has opened a new facility that will help nourish entrepreneurial talent in new industries. Located at Lockhart Road in Wan Chai, Garage Academy will...
  • Julia Leung, deputy CEO of the Securities and Futures Commission, said many of the projects funded by initial coin offerings “are dubious, if not downright frauds”. Photo: HKEJ

    SFC warns of risks of investing in initial coin offerings

    Apr 17, 2018 3:21pm
    Hong Kong’s Securities and Futures Commission (SFC) has warned the public about the risks of participating in initial coin offerings (ICOs), saying many of the projects adopting this fundraising method “are dubious, if not downright frauds”....
  • Gill Pratt, CEO of Toyota Research Institute, talks about developing cars that can communicate with one another. Photo: Reuters

    Toyota targets cars that ‘talk’ to each other by 2021

    Apr 17, 2018 2:50pm
    Toyota Motor plans to start selling vehicles that can “talk” to each other in 2021 in a bid to make road travel safer, Bloomberg reports. Andrew Coetzee, Toyota’s group vice president of product planning for North...
  • Richard Yu, CEO of Huawei Consumer Business Group, launches the P20 Series in Paris on March 27. Photo: Reuters

    Why Huawei is opening a retail store in Hong Kong

    - Apr 17, 2018 1:38pm
    Huawei Technologies, China’s biggest smartphone maker, will open its first retail store in Hong Kong by the end of July as part of its bid to narrow the gap with market leaders Apple and Samsung Electronics...
  • should draw lessons from user complaints to be able to improve its service and attract more customers. Photo:

    There is no honeymoon phase between a startup and its customers

    - Apr 17, 2018 10:58am
    Hong Kong’s first bike-sharing app is said to be receiving various complaints from customers over its system failures. In one case, a customer said he had returned the bike after a one-time use, but the...
  • The US action could be devastating to ZTE since American companies are estimated to provide 25 to 30 percent of the components used in ZTE’s equipment. Photo: Reuters

    US bans its firms from selling to Chinese phone maker ZTE

    Apr 17, 2018 9:14am
    The US Department of Commerce has banned American companies from selling components to ZTE Corp. for seven years, saying the Chinese telecom equipment maker broke an agreement reached after it was caught illegally shipping goods to Iran,...
  • Facebook is facing a court battle amid allegations that it violated an Illinois state law that deals with the privacy of biometric information. Photo: Reuters

    Judge clears way for Facebook class suit over facial recognition

    Apr 17, 2018 9:11am
    Facebook must face a class action lawsuit that alleges that the social network unlawfully used a facial recognition process on photos without user permission, a US federal judge ruled on Monday. US District Judge James Donato ruled...
  • A SpaceX Falcon 9 rocket, with the Dragon spacecraft onboard, launches at NASA's Kennedy Space Center on June 3, 2017. The US space agency’s TESS mission is set for launch on a Falcon 9 from Cape Canaveral on Monday. Pics: NASA via Reuters, Bloomberg

    NASA, SpaceX set to launch planet-hunting satellite

    Apr 16, 2018 6:05pm
    NASA’s Transiting Exoplanet Survey Satellite (TESS) is scheduled to launch on a SpaceX Falcon 9 rocket from a facility in Florida on Monday. According to reports, the satellite, which is aimed at finding far-away planets that...
  • Da Hong-fei, founder of NEO blockchain, delivers a speech during the TOKEN2049 conference in Hong Kong in March. Photo: Handout

    China’s crypto crackdown will help clean up market: NEO chief

    - Apr 16, 2018 3:14pm
    Originally known as Antshares, NEO is China’s first open-source blockchain, and has been dubbed as “China’s Ethereum.” Despite China banning crypto trading and initial coin offering (ICO) projects since last September, NEO’s crypto token has enjoyed...
  • Cryptocurrency billionaires could help fund projects that improve the management of health-care finances. Photo: Bloomberg

    How should the crypto-rich spend their money?

    - Apr 16, 2018 12:20pm
    In February, Forbes published its first-ever list of cryptocurrencies’ richest people. The top ten were each worth around US$1 billion, while the wealthiest – an American blockchain innovator named Chris Larsen – was estimated to be...
  • Facebook CEO Mark Zuckerberg displayed admirable skills in human interaction during his appearance at the US Congress last week. Photo: AFP

    Facebook’s Zuckerberg shows savvy in human interaction

    - Apr 16, 2018 12:09pm
    Facebook co-founder and chief executive Mark Zuckerberg fielded questions from US lawmakers for roughly 10 hours over two days last week. Though the grilling was intense, it is said that the 33-year-old billionaire didn’t break a sweat...
  • Critics contend that Mark Zuckerberg has not said enough during his congressional testimony last week about the extent and use of the data that Facebook collects. Photo: Reuters

    Data privacy concerns rise as Facebook admits tracking non-users

    Apr 16, 2018 9:25am
    Concern about Facebook’s respect for data privacy is widening to include the information it collects about non-users, after Chief Executive Mark Zuckerberg said the social network tracks people whether they have accounts or not, Reuters reports....
  • Tesla CEO Elon Musk acknowledged that the unprecedented level of robots used in the production of Model 3 has added complexity and delays. Photo: Bloomberg

    Tesla’s Musk says no need for more capital, sees profit soon

    Apr 16, 2018 9:23am
    Elon Musk, chief executive of electric-car maker Tesla Inc., said the company will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, Reuters reports....
  • Goldman Sachs acquired Clarity Money, a free app that helps consumers manage their personal finances, to bolster its Marcus online lending business. Photo: Reuters

    Goldman Sachs buys personal finance startup Clarity Money

    Apr 16, 2018 9:04am
    Goldman Sachs Group Inc. bought Clarity Money, a personal finance startup, to bolster its Marcus online lending business, Reuters reports. Buying Clarity Money, a free app that helps consumers manage their personal finances, is expected to...

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