China's city of Tianjin to set up $16-billion artificial intelligence fund

BEIJING (Reuters) - China's northern port city of Tianjin announced plans on Thursday to set up funds worth 100 billion yuan ($16 billion) to support the artificial intelligence industry, official news agency Xinhua said.

Tencent shares rise after first quarter profit beats

HONG KONG (Reuters) - Shares of Tencent Holdings Ltd opened up 7 percent in Hong Kong on Thursday after it reported better-than-expected first-quarter results.

YouTube to revamp music service, charge more for ad-free shows: Recode

(Reuters) - Google's YouTube is launching a new version of its music service and also getting ready to charge more on its original shows like "Cobra Kai", Recode reported on Wednesday.

Shares of Tencent open 7 percent higher after first quarter profit beats

HONG KONG (Reuters) - Shares of Tencent Holdings Ltd opened up 7 percent in Hong Kong on Thursday after it reported better-than-expected first-quarter results.

Big proxy adviser ISS does not support Facebook's Zuckerberg in proxy vote

BOSTON (Reuters) - Top proxy adviser Institutional Shareholder Services on Wednesday recommended Facebook Inc investors withhold support from five directors including Chief Executive Mark Zuckerberg and vote in favor of shareholder proposals aimed at improving the social media company's response to ...

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Mexico central bank estimates hackers hit about $15 million

MEXICO CITY (Reuters) - Mexico's central bank said on Wednesday a cyber attack that has affected a payments system in the country had hit a total of five companies and that an estimated 300 million pesos ($15.33 million) of irregular transactions had been detected so far.

George Soros' bet on Tesla could see other investors follow suit

NEW YORK (Reuters) - If Tesla Inc Chief Executive Elon Musk needs to raise even more money, there may be a way.

Cisco's tepid forecast clouds quarterly beat, shares fall

(Reuters) - Network gear maker Cisco Systems Inc reported third-quarter profit and revenue that topped analysts' estimates on Wednesday, but shares fell 4 percent after dour current-quarter forecasts indicated that the transition to a software-focused business remained a work in progress.

Former Uber cyber security chief Sullivan joining Cloudflare

(Reuters) - Former Uber Technologies [UBER.UL] cyber security chief Joe Sullivan is joining internet security firm Cloudflare Inc as its new chief security officer, a spokeswoman for Cloudflare said on Wednesday.

U.S. court to hear fight over Brazil telecom Oi's bankruptcy plan

SAO PAULO (Reuters) - A U.S. bankruptcy court is set to hear a dispute involving Brazilian telecoms company Oi SA and major shareholder Bratel Brasil SA, Bratel said on Wednesday, as investor discontent with Oi's bankruptcy reorganization process shows no signs of abating.

ISS recommends votes against Facebook CEO Zuckerberg, 4 other directors

BOSTON (Reuters) - Proxy adviser Institutional Shareholder Services on Wednesday recommended investors withhold their support from five Facebook Inc directors, including Chief Executive Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg, citing issues including the social media company's la...

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U.S. safety agency sends team to investigate Tesla crash

WASHINGTON (Reuters) - The U.S. National Highway Traffic Safety Administration (NHTSA) has sent a team to investigate the crash of a Tesla Inc vehicle that the driver said occurred while the vehicle was in autopilot mode.

Telecom Italia first quarter earnings fall on golden power provisions

MILAN (Reuters) - Telecom Italia (TIM) on Wednesday reported a bigger-than-expected drop in first-quarter earnings, hit by provisions made for fines Italy imposed on the phone group as part of the so-called golden power decree which the group is appealing.

Cisco quarterly revenue rises 4.4 percent

(Reuters) - Network gear maker Cisco Systems Inc reported a 4.4 percent rise in quarterly revenue on Wednesday, its second straight quarterly rise, driven by strong growth in its newer businesses such as cyber security.

Senate approves bill in bid to retain U.S. net neutrality

WASHINGTON (Reuters) - The U.S. Senate voted 52 to 47 on Wednesday to reverse the Federal Communications Commission decision in December to repeal landmark 2015 net neutrality rules, but it still faces an uphill battle.

FBI chief says agency 'deeply concerned' about any company like China's ZTE

WASHINGTON (Reuters) - FBI Director Christopher Wray told a Senate panel on Wednesday that the law enforcement agency is "deeply concerned" about any company like China's ZTE gaining positions of power in the U.S. telecommunications market.

New York court to hear shareholder objections to Oi bankruptcy plan

SAO PAULO (Reuters) - A New York court is set to hear a dispute involving Brazilian telecoms company Oi SA and major shareholder Bratel Brasil SA, Bratel said in a statement on Wednesday, as shareholder discontent with Oi's bankruptcy recovery process shows no signs of abating.

Square's bitcoin move has caused internal disagreement: CEO Dorsey

NEW YORK (Reuters) - Square Inc's decision to allow users of its mobile app to buy and sell bitcoin this year was a "pretty contentious move within the company" and remains a source of internal tension, the payment processor's CEO Jack Dorsey said on Wednesday.

U.S. net neutrality bill advances in the Senate

WASHINGTON (Reuters) - The U.S. Senate voted 52 to 47 to advance a bill that would reverse the Federal Communications Commission decision in December to repeal landmark 2015 net neutrality rules.

Facebook's Zuckerberg to meet European Parliament over privacy

BRUSSELS (Reuters) - Facebook CEO Mark Zuckerberg will meet the leaders of the European Parliament to answer questions about the improper use of millions of users' data by a political consultancy, as pressure on the company's protection of data continues.

UK's NATS to trial new plane-tracking tech for busy North Atlantic

DUBLIN (Reuters) - UK air traffic management company NATS will trial real-time tracking technology over the busy North Atlantic to give more flexibility in flight routes and to handle rising traffic, it said after taking a stake in tracking technology company Aireon.

Facebook's Zuckerberg to appear at European Parliament: speaker

BRUSSELS (Reuters) - Facebook CEO Mark Zuckerberg will appear before members of the European Parliament to answer questions about the improper use of users' data by a political consultancy, the speaker of the legislature said on Wednesday.

France’s Macron to hold 'tough talks' with Facebook's Zuckerberg

PARIS (Reuters) - French President Emmanuel Macron will hold "frank" talks with Facebook Inc Chief Executive Mark Zuckerberg on tax and data privacy in a week's time when he welcomes the bosses of leading tech firms to Paris in a drive to lure more investment.

Churchill Downs in deal to enter sports betting in three states

(Reuters) - Churchill Downs Inc on Wednesday signed a deal with SBTech, a sports betting platform, which will allow the gaming company to offer bets on events in New Jersey, Pennsylvania and Mississippi.

German prosecutors probing hack of energy firm last year

BERLIN (Reuters) - Federal prosecutors are investigating a cyber attack on a subsidiary of German energy firm EnBW by unknown hackers last summer, the prosecutor's office said on Wednesday.

Hedge fund asks GameStop to conduct strategic review: CNBC

(Reuters) - Hedge fund Tiger Management is urging GameStop Corp to conduct a strategic review in the wake of management changes at the videogame retailer, CNBC reported on Wednesday, citing a letter sent to the company's board.

Churchill Downs inks deal for online sports betting in New Jersey

(Reuters) - U.S. gaming company Churchill Downs Inc said on Wednesday it signed a deal with the Golden Nugget Hotel to enter real money online gaming and sports betting markets in New Jersey.

Didi's Hitch scrubs social features as passenger murder dents image

BEIJING (Reuters) - China's biggest ride-sharing company, Didi Chuxing, will disable features such as profile pictures, ratings and public tags from its carpooling service, as it looks to win back trust after the killing of a female passenger sparked questions about safety.

Netflix's next act: feeding the service with its own movies

LOS ANGELES (Reuters) - As Hollywood studios unleash their summer blockbusters into theaters, Netflix Inc is trying to give film buffs a reason to stay home.

Vietnam says eyeing formal antitrust probe into Uber-Grab deal

HANOI (Reuters) - Vietnam's trade ministry said on Wednesday it is considering launching a formal investigation into the takeover of Uber Technologies' Southeast Asia business by rival Grab after an initial probe showed the deal would violate antitrust law.