Technology

  Bloomberg It was Amazon that drove America’s warehouse operators into the robot business. Quiet Logistics, which ships apparel out of its Devens, Mass., warehouse, had been using robots made by a company called Kiva Systems. When Amazon bought Kiva in 2012, Quiet hired scientists. In 2015 it spun out a new company called Locus Robotics, which raised $8 million ...

  Bloomberg Venture capitalists have more cash on hand to invest than ever before, but private technology firms are seeing a shrinking share of the pie. “Tech privates continue to lead the total VC investment landscape, but other primary verticals such as healthcare, consumer, financials, industrials and energy continue to occupy roughly 40 percent of VC investment,’’ Goldman Sachs Group ...

  Bloomberg Spotify Ltd. struck a long-term licensing deal for songs from Vivendi SA’s Universal Music Group, the world’s biggest record label, agreeing to limit free play on some new albums. Universal artists including Taylor Swift will be able to offer new albums to paid subscribers only for two weeks, with singles available on the free service, the companies said ...

  Bloomberg South Korea is famous as a high-tech powerhouse, from Samsung’s smartphones, the world’s fastest internet connection speed and world-beating innovation. And while presidential hopefuls are laying out plans to develop new technology to drive the economy over the next five years, here is a reality check: the advantage of Korean companies over their Chinese competitors is closing fast. ...

  Bloomberg The US administration began to deliver on President Donald Trump’s campaign promise to crack down on a work visa program that channels thousands of skilled overseas workers to companies across the technology industry. Fed up with a program it says favours foreign workers at the expense of Americans, the Trump administration rolled out a trio of policy shifts. ...

  Bloomberg Rakuten Inc. is betting on a future without apps. The e-commerce company unveiled Rakuten Games on Tuesday, seeking to deliver titles that don’t have to be installed on phones or personal computers. The games can be played on web browsers or within other apps, making it easier for users to play with each other without having to wait ...

  Bloomberg Virtual reality is catching on in China. Just ask Zhang Yimou, the man who choreographed the opening ceremony of the 2008 Beijing Olympics. SoReal, a startup co-founded by the famed director of “House of Flying Daggers” and “The Great Wall,” is preparing to open this year what it bills to be the world’s first virtual-reality park. “As a ...

  Bloomberg The rally in technology stocks may have more room to run after the industry overthrew financials as the main driver of emerging market shares last quarter. Firms from South Korean phone makers to China’s biggest internet company helped drive a 17 percent surge in technology shares in the MSCI Emerging Markets Index in the first quarter, the best ...

  Bloomberg Imagination Technologies Group Plc shares plunged as much as 69 percent after the UK chip designer said Apple Inc. will stop using its intellectual property in new products, setting the stage for a clash with its biggest customer. The iPhone maker has informed Imagination Technologies that it will cease using its graphics technology for new products, including phones, ...

  WASHINGTON / AP It sounds like science fiction, but a cap-like device that makes electric fields to fight cancer improved survival for the first time in more than a decade for people with deadly brain tumors, final results of a large study suggest. Many doctors are skeptical of the therapy, called tumor treating fields, and it’s not a cure. ...