News highlights – 21 May

Written by on May 22, 2017 in News with 0 Comments

News highlights for 21 May

REUTERS/Kim Hong-Ji

Samsung Electronics looking for M&A opportunities

(Reuters) – Tech giant Samsung Electronics Co Ltd will continue looking for acquisition opportunities, a company executive said on Monday, as the firm seeks to build software and services to further differentiate its products. Read more…

Bitcoin options exchange raise $11.4 million

NEW YORK (Reuters) – Ledger Holdings, the New York-based parent company of bitcoin options exchange LedgerX, said on Monday it closed $11.4 million in funding led by Miami International Holdings Inc and China’s Huiyin Blockchain Venture Investments. Read more…

A third of C-Suite executives are using or plan to use blockchain tech

ARMONK, New York –  In the largest study to date among C-Suite executives seeking their perspective on blockchain, one third of almost 3,000 executives surveyed are using or considering blockchain in their business. According to the new IBM study, eight in ten of those exploring blockchain are investing either in response to financial shifts in their industry or for the opportunity to develop entirely new business models. Read more…

Softbank Saudi tech fund has a war chest of $93 billion to invest in new tech

RIYADH (Reuters) – The world’s largest private equity fund, backed by Japan’s Softbank Group and Saudi Arabia’s main sovereign wealth fund, said on Saturday it had raised over $93 billion to invest in technology sectors such as artificial intelligence and robotics. Read more…

French researchers find way of unlocking WannaCry victims’ computers

FRANKFURT (Reuters) – French researchers said on Friday they had found a last-chance way for technicians to save Windows files encrypted by WannaCry, racing against a deadline as the ransomware threatens to start locking up victims’ computers first infected a week ago. Read more…

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