Reddit valued at $3 billion after raising $300 million in latest funding round

Social media network Reddit Inc said on Monday it raised $300 million in its latest funding round, led by Tencent Holdings Ltd, giving it a market valuation of $3 billion.

Pompeo warns allies Huawei presence complicates partnership with U.S.

Secretary of State Mike Pompeo warned U.S. allies on Monday against deploying equipment from Chinese telecoms gear manufacturer Huawei on their soil, saying it would make it more difficult for Washington to "partner alongside them".

Huawei presence complicates country partnerships with U.S.: Pompeo

The United States will share its knowledge of risks involving Chinese telecoms equipment manufacturer Huawei with countries such as Hungary, U.S. Secretary of State Mike Pompeo said on Monday during a visit to Budapest.

Apple iPhone sales in China fell by a fifth in fourth quarter: IDC

Apple Inc iPhone sales in China fell 20 percent year-on-year in the fourth quarter of 2018, while sales for smartphones made by home-grown rival Huawei soared by 23 percent, data from industry research firm IDC showed on Monday.

India parliament panel says to summon Twitter chief on February 25

An Indian parliamentary panel is summoning Twitter Inc's chief executive to appear before it later this month, after he did not attend a hearing on Monday to discuss citizens' rights on social media.

Driverless delivery startup Nuro gets $940 million SoftBank investment

Autonomous technology startup Nuro said on Monday it raised $940 million from SoftBank Group Corp, which valued the Silicon Valley-based company at $2.7 billion.

Former executive of Duo Security, Zscaler joins IronNet as co-CEO

IronNet Cybersecurity Inc, a startup led by former U.S. National Security Agency chief Keith Alexander, has appointed William Welch as co-chief executive, the company told Reuters on Monday.

Google extends chip-making efforts to design hub Bengaluru

Alphabet Inc's Google has hired more than a dozen microchip engineers in Bengaluru, India, in recent months and plans to rapidly add more, according to LinkedIn profiles, job postings and two industry executives, as the search firm expands its program to design the guts of its devices internally.

As Indian election looms, Facebook steps up fact-checks

Facebook Inc is expanding its fact-checking network in India to curb the spread of misinformation as the world's largest democracy prepares for a general election that must be held by May, the U.S.-based social media giant said on Monday.

Facebook expanding fact-checking in India before election

Facebook Inc said on Monday it is expanding its fact-checking network in India ahead of the country's general election due by May, taking another step to quell the spread of misinformation in its biggest market by users.

Trump administration unveils order to prioritize and promote AI

U.S. President Donald Trump on Monday will sign an executive order asking federal government agencies to dedicate more resources and investment into research, promotion and training on artificial intelligence (AI), a senior administration official said.

The new Picasso? Meet Ai-Da the robot artist

Can robots be creative? British gallery owner Aidan Meller hopes to go some way towards answering that question with Ai-Da, who her makers say will be able to draw people from sight with a pencil in her bionic hand.

Paris seeks $14 million from Airbnb for illegal adverts

The City of Paris is suing Airbnb for publishing 1,000 illegal rentals adverts, which could cost the American rental website more than 12.5 million euros ($14 million), the mayor of Paris told a newspaper in an interview published on Sunday.

Searchlight Capital offers up to $133 million for control in Bezeq Tel

U.S. private investment firm Searchlight Capital Partners has offered up to 485 million shekels ($133.3 million) for a controlling stake in the parent of Bezeq Israel Telecom, according to a regulatory filing.

Saudi Arabia says has 'nothing to do' with Bezos-AMI dispute

Saudi Arabia had "absolutely nothing to do" with the National Enquirer's reporting on an extramarital relationship involving Amazon.com Inc Chief Executive Jeff Bezos, the kingdom's minister of state for foreign affairs said.

Exclusive: Tesla's delivery team gutted in recent job cuts - sources

When Tesla Inc announced last month a second round of job cuts to rein in costs, one crucial department was particularly badly hit. The automaker more than halved the division that delivers its electric vehicles to North American customers, two of the laid-off workers said.

EA's 'Fortnite' rival wins 10 million gamers in three days

A game developed by Electronics Arts Inc as a competitor to the wildly popular "Fortnite" has signed up 10 million players within three days of its launch, the videogame maker said, driving its shares up 16 percent on Friday.

EU countries agree on copyright reforms, deal in sight next week

The European Union's effort to rewrite two-decade old copyright rules to take into account online platforms such as Alphabet Inc's Google moved a step forward on Friday when a majority of member countries agreed on a common position for talks with lawmakers next week.

New UK laws will block China's Huawei from sensitive state projects: The Sun

New laws on foreign investment in the UK will block Chinese firm Huawei from sensitive UK tech projects, The Sun newspaper reported on Friday.

Amazon exploring potential alternatives to New York HQ: source

Amazon.com Inc is exploring alternatives to locating part of its new headquarters in New York in case the plan should fail due to local opposition, a person briefed on the matter told Reuters on Friday.

Pompeo visit to focus on U.S. concerns over Huawei in central Europe

U.S. Secretary of State Mike Pompeo will voice concerns about the growing presence of China's Huawei Technologies in central Europe when he visits Hungary, Slovakia and Poland next week, a senior U.S. official said on Friday as Washington tries to bolster ties with a region it acknowledges it has ne...

Continue reading

Ontario securities regulator looking into digital platform Quadriga

Canada's main securities regulator said on Friday that it was looking into Quadriga CX, the digital platform whose founder died in December, trapping millions of dollars in cryptocurrencies in its accounts.

GM Canada says Oshawa production stopped due to supplier strike

Production at General Motors' plant in Oshawa, Ontario, stopped at approximately 12:30 p.m. EST on Friday, a spokesman said, after the U.S. automaker exhausted its on-hand supply of seats from Lear Corp, where workers are striking.

U.S. prosecutors weigh if American Media violated immunity deal: Bloomberg

U.S. prosecutors are reviewing whether National Enquirer parent company American Media Inc violated an earlier agreement granting it legal immunity in exchange for cooperation given the tabloid's handling of a story about Amazon.com Inc Chief Executive Jeff Bezos, Bloomberg News reported on Friday.

Amazon reconsiders New York headquarters over local opposition: Washington Post

Amazon.com is reconsidering locating part of its new headquarters in New York because of local opposition, the Washington Post reported on Friday, citing two people familiar with the global retailer's thinking.

National Enquirer owner defends reporting on Amazon's Bezos

The owner of U.S. tabloid newspaper the National Enquirer pushed back on Friday against accusations of "extortion and blackmail" from Amazon.com Inc chief Jeff Bezos, saying its reporting on an extramarital affair involving the world's richest man was lawful and it would investigate his claims.

Pompeo to discuss concerns over Huawei in Hungary visit: official

U.S. Secretary of State Mike Pompeo will express concerns about the growing presence of China's Huawei Technologies in central Europe when he visits Hungary next week, a senior administration official said on Friday.

Pompeo to discuss Huawei's presence in Hungary during visit: official

U.S. Secretary of State Mike Pompeo will express concerns about the growing presence of China's Huawei in Hungary and neighboring countries during a visit next week, a senior administration official said on Friday.

American Media says its reporting on Amazon's Bezos was lawful

American Media Inc, the owner of the National Enquirer tabloid newspaper, said on Friday it acted lawfully in its reporting on Jeff Bezos, chief executive of Amazon.com Inc, and that it would thoroughly investigate his claims of blackmail and take whatever action was necessary.

Sprint sues AT&T over 5G branding

Sprint Corp sued AT&T Inc late on Thursday, saying it is misleading consumers into believing that they are using fifth generation wireless network, known as 5G, a technology that has not yet been widely deployed.