Alphabet‘s Waymo unit is seeking about $2.6 billion from Uber for the alleged theft of one of several trade secrets in a lawsuit over self-driving cars, a lawyer for Uber said on Wednesday. Uber Technologies attorney Bill Carmody disclosed the figure in a hearing in federal court in San Francisco, where both companies are discussing […]
Read moreAuto suppliers Delphi Automotive and BlackBerry will partner on a software operating system for self-driving cars, the partners said on Wednesday. Delphi already has developed a turnkey self-driving system called CSLP that it plans to begin selling to smaller automakers in 2019, for production in 2021. Most larger vehicle manufacturers are developing their own self-driving […]
Read moreAlphabet‘s Nest unit, which makes internet-linked home devices, is entering the security-hardware market as it tries to expand beyond its smart-thermostat business. At an event in San Francisco on Wednesday, the company unveiled a “smart” doorbell called Hello that will include a camera and facial recognition to identify visitors. It will ship next year, and […]
Read moreRemoving extremist content from the internet within a few hours of it appearing poses “an enormous technological and scientific challenge”, Google’s general counsel will say later on Wednesday to European leaders who want it taken down quicker. Kent Walker, general counsel for Alphabet’s Google, will speak on behalf of technology companies Facebook , Microsoft, Twitter […]
Read moreMore and more, smartphone users are sticking with their aging devices until they croak, and the sky-high price tag for Apple‘s newly-unveiled iPhone X could accelerate that trend — to the chagrin of mobile carriers. Over the past decade, mobile phone buyers have grown significantly more attached to their devices. The “replacement cycle” for wireless […]
Read moreAn Alibaba-backed Chinese start-up went public on Wednesday, rising nearly 14 percent on its first morning of trading, despite a launching a pared-down $450 million IPO. Best, a supply chain technology company, was listed under the symbol “BSTI” on the New York Stock Exchange. The company priced its 45 million share offering at $10 per […]
Read moreJefferies made waves on Tuesday predicting a big decline for Tesla shares and starting coverage on the company with an underperform rating. But due to an apparent calculation error, the firm was forced to change it price target for electric car maker even lower. “This note corrects the PT from $280 to $240 due to […]
Read moreThe pressure on Facebook to better monitor content on its platform isn’t letting up. And at least one investor thinks the issues that have recently come to light are just a “small piece of the problem.” “The problem is the algorithms are set up now,” Elevation Partners co-founder Roger McNamee told CNBC’s “Squawk Alley” Wednesday. […]
Read moreInstitutional investors are “underweight” technology stocks overall, yet they still really love big names in the sector like Alphabet, Facebook and Microsoft, according to a new report out Tuesday from eVestment, which tracks money manager ownership trends. The quarterly report showed that as a whole, large-cap growth equity funds significantly went underweight the broader tech […]
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ASK young American parents about Toys “R” Us and they are likely to be able to sing a jingle from their childhood: “I don’t wanna grow up, ’cause maybe if I did, I couldn’t be a Toys ‘R’ Us kid”. For children of the 1980s, Toys “R” Us was a mecca at the strip mall, […]
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