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News highlights – 25 July 2017

News highlights – 25 July 2017

Written by on July 26, 2017 in News with 0 Comments

News highlights for 25 July 2017 Traffic acquisition at Google jumps 28% Google-parent Alphabet, which has enjoyed revenue growth rate of over 20 percent for the past five quarters, said on Monday that TAC, or traffic acquisition costs, jumped 28 percent to $5.09 billion in the second quarter. Read more… ABC in social video partnership […]

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CEOs of AT&T, Alphabet, others to testify on net neutrality

CEOs of AT&T, Alphabet, others to testify on net neutrality

Written by on July 26, 2017 in News with 0 Comments

WASHINGTON (Reuters) – The chairman of the U.S. House Energy and Commerce Committee on Tuesday asked the chief executives of Alphabet Inc, Facebook Inc, Amazon.com Inc, AT&T Inc, Verizon Communications Inc and other companies to testify at a Sept. 7 hearing on the future of net neutrality rules. The U.S. Federal Communications Commission is considering […]

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We’ve got a Convoy! Trucking app raises a cool $60 million

We’ve got a Convoy! Trucking app raises a cool $60 million

Written by on July 25, 2017 in News with 0 Comments

SAN FRANCISCO (Reuters) – Convoy, an app connecting truck drivers with loads of freight, has raised more than $60 million as startup investors double down on technology bets to transform the long-haul trucking industry. Convoy, a Seattle-based startup founded two years ago, is part of a growing field of companies using mobile apps and algorithms […]

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News highlights – 24 July 2017

News highlights – 24 July 2017

Written by on July 25, 2017 in News with 0 Comments

News highlights for 24 July 2017 NASDAQ invests in AI to bolster compliance NEW YORK (Reuters) – Nasdaq Inc has agreed to acquire Sybenetix, a London-based startup that uses artificial intelligence to help compliance officers at asset management firms analyze the behavior of their traders in order to prevent market abuse. Read more… First movers […]

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Pressure mounting on Facebook, others, to amend user terms

Pressure mounting on Facebook, others, to amend user terms

Written by on July 25, 2017 in News with 0 Comments

BRUSSELS (Reuters) – European Union authorities have increased pressure on Facebook, Google and Twitter to amend their user terms to bring them in line with EU law after proposals submitted by the tech giants were considered insufficient. The European Commission and consumer protection authorities in the bloc wrote to the three companies in June, asking […]

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Jio unveils almost free 4G phone, triggers more disruption

Jio unveils almost free 4G phone, triggers more disruption

Written by on July 24, 2017 in Features, News with 0 Comments

MUMBAI (Reuters) – India’s disruptive new mobile entrant Reliance Jio, backed by the country’s richest man Mukesh Ambani, unveiled a low-cost 4G-enabled phone on Friday to woo tens of millions of new customers, further destabilising established telecoms players. Jio has enjoyed a meteoric rise since its launch a year ago, with its months of free […]

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Bitcoin network supports software upgrade, avoids splitting

Bitcoin network supports software upgrade, avoids splitting

Written by on July 24, 2017 in News with 0 Comments

NEW YORK (Reuters) – Digital currency bitcoin on Friday averted a split into two currencies after its network supported an upgrade to its software that would enhance its ability to process an increasing number of transactions. Bitcoin’s miners have signaled their support for the so-called Bitcoin Improvement Proposal (BIP) 91, avoiding a split of bitcoin […]

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News highlights – 23 July 2017

News highlights – 23 July 2017

Written by on July 24, 2017 in News with 0 Comments

News highlights for 23 July 2017 FTC looks into Amazon’s deceptive discounting WASHINGTON (Reuters) – As part of its review of Amazon’s agreement to buy Whole Foods, the Federal Trade Commission is looking into allegations that Amazon misleads customers about its pricing discounts, according to a source close to the probe. Read more… Amazon spent […]

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A new payments gold rush? Companies race to snap up innovation

A new payments gold rush? Companies race to snap up innovation

Written by on July 24, 2017 in News with 0 Comments

(Reuters) – Private equity firms Blackstone and CVC Capital Partners joined a rush to snap up payments companies on Friday with a 2.9 billion pound ($3.7 billion) bid for Paysafe Group. Britain’s Paysafe, which offers pre-paid cashcards and online wallets, said separately it was also planning to buy Merchants’ Choice Payments Solutions for $470 million, […]

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China plans to be world leader in Artificial Intelligence

China plans to be world leader in Artificial Intelligence

Written by on July 21, 2017 in News with 0 Comments

BEIJING (Reuters) – China unveiled a national artificial intelligence (AI) development plan on Thursday, laying out its ambitions to build world-leading technology amid heightened international friction over applications of AI in military technology. The value of the country’s core AI industries will exceed 150 billion yuan ($22.15 billion) by 2020 and 400 billion yuan ($59.07 […]

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