REUTERS/Dado Ruvic/Illustration
News highlights – August 25
Facebook ramps up targeted advertising
WhatsApp, Facebook Inc’s popular messaging service, will start sharing users’ phone numbers with its parent, allowing for more relevant advertisements and friend recommendations on the social network. Read more…
Singapore first with driverless taxis
SINGAPORE (Reuters) – The first driverless taxi began work on Thursday in a limited public trial on the streets of Singapore. Developer nuTonomy invited a select group of people to download their app and ride for free in its “robo-taxi”. Read more…
In 5G, Verizon may be ready to go ahead of the standards
US operator Verizon has suggested it is considering a deployment of 5G technology even before the 3GPP has completed the standardisation process. Verizon loves a 5G partnership and has apparently been working on the next generation mobile tech with pretty much every telecoms and technology company that will have it. Read more…
Russian lawmaker’s son hacked US businesses
(Reuters) – The son of a Russian lawmaker was convicted on Thursday on U.S. charges that he engaged in a scheme to hack into U.S. businesses in order to steal and sell credit card numbers, costing financial institutions more than $169 million. Read more…
Google snips Google Fiber, too expensive
Google is drastically scaling back its Fiber initiative because it’s too expensive – and only a fraction of the expected subscribers ponied up. Insiders speaking to The Information suggest it had only signed up 200,000 subscribers, far short of the trajectory needed to achieve 5m in five years. Read more…
Public cloud revenues will double in next four years
According to the latest release of the Worldwide Semiannual Public Cloud Services Spending Guide from International Data Corporation (IDC), worldwide revenue from public cloud services will reach over $195 billion in 2020, more than doubling the current market size. Read more…
US banks to launch P2P service in early 2017
A consortium of banks holding the majority of U.S. consumer accounts plans to launch its instant, person-to-person payments brand Zelle in the first half of 2017, a spokesman said on Thursday. Read more…
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