BOSTON / AP Imagine you’re behind the wheel when your brakes fail. As you speed toward a crowded crosswalk, you’re confronted with an impossible choice: veer right and mow down a large group of elderly people, or veer left into a woman pushing a stroller. Now imagine you’re riding in the back of a self-driving car. How would …
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Facebook to launch ‘startup garage’ in Paris
Bloomberg Facebook Inc. will open a startup incubator at Paris’s soon-to-debut entrepreneur campus created by billionaire Xavier Niel, as Chief Operating Officer Sheryl Sandberg vows to keep investing in France. The company will have engineers on the ground at incubator-campus Station F and offer workshops to entrepreneurs, Sandberg said at an event in Paris, alongside Niel, site director Roxanne …
Read More »Kaminario doubles fundraising goal as flash storage market grows
Relaxnews Kaminario Inc., a flash-storage company that develops its products in Israel, closed a fundraising round of $75 million — nearly double the expected amount — and will use the money to expand in Asia and Europe and boost technology development to gain market share. The Needham, Massachusetts-based company competes with multinational giants such as Dell Technologies Inc. and …
Read More »Automated traders move towards bitcoin
Bloomberg Zhou Shuoji is not a bitcoin believer. He says the cryptocurrency will never replace its traditional forebears, and he calls most of its proponents fanatics. But for Zhou, a 35-year-old high-speed trader in Beijing, bitcoin is also too good to resist. His computers trade it 24 hours a day, seven days a week. Using lightning quick orders, they …
Read More »LG, Dolby unveil advanced Blu-ray player
Dubai / Emirates Business LG Electronics (LG) and Dolby Laboratories, Inc. (NYSE: DLB) announced the LG UP970 Ultra HD Blu-ray player, LG’s first 4K Blu-ray player which will support Dolby Vision high-dynamic -range (HDR) imaging. LG’s UP970 Ultra HD Blu-ray player delivers a more immersive and vivid viewing experience than ever before. Leveraging the HDR technology that powers Dolby’s …
Read More »Microsoft veteran to help run Chinese search giant Baidu
Bloomberg Baidu Inc. has appointed former Microsoft Corp. executive Qi Lu its group president and chief oper- ating officer, granting the software industry veteran oversight over all aspects of the Chinese search giant’s business from sales to technology development. Lu, an architect of Chief Executive Officer Satya Nadella’s strategy for artificial intelligence and bots at Microsoft, will take up …
Read More »Nintendo takes big gamble with new Switch console
Bloomberg Nintendo Co.’s new Switch gaming console won’t be in stores until March 3, but the machine is fully baked and ready to play. The press got a chance to try out the new machine at an event in Tokyo last week, and events will be held in Japan and North America to let people experience the product before …
Read More »Microsoft’s Nadella calls for tech industry to open up AI
WASHINGTON / AP Artificial intelligence is still in a “mainframe era†in which computing power is concentrated in a few companies’ hands, Microsoft Corp. Chief Executive Officer Satya Nadella said in a presentation in Munich on Monday. The computer industry is “worshiping†technology companies that can simulate real-world processes using AI software, but to become more useful the …
Read More »Cuba sees explosion in internet access
HAVANA / AP Two days before Christmas, Luis Gonzalez received a little Chinese modem from Cuba’s state-owned telecommunications company. The 55-year-old theater producer connected the device to his phone and his laptop computer, which instantly lit up with a service unimaginable in the Cuba of just a few years ago — relatively fast home internet. “It’s really easy to …
Read More »FB introduces measures to tackle fake news in Germany
BERLIN / AP Facebook says it’s introducing measures to tackle the spread of fake news in Germany, months before the country holds a national election. The social network said on Sunday the investigative media group Correctiv will be its first outside fact-checker in Germany and it’s working to bring aboard other media organizations. It said updates to make it …
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