Technology

  Bloomberg A former top executive behind China’s biggest acquisition of an overseas carmaker is setting out to make history twice, raising $1 billion in an initial fundraising round as the latest homegrown electric vehicle startup to challenge Tesla Motors Inc. Freeman Shen left Volvo Cars owner Zhejiang Geely Holding Group Co. in 2014 and last year founded WM Motor, ...

  Bloomberg A year-old technology firm wants to simplify currency markets by streamlining the way trading data is stored using blockchain-based technology. Cobalt DL, a London-based firm created last year by former Traiana Inc. Chief Executive Officer Andy Coyne, announced Wednesday that it began beta testing on a distributed ledger network, which the firm hopes can cut post-trade costs and ...

  Bloomberg Airbnb Inc. is pressing ahead with plans to expand into new travel services including restaurant reservations and city tours, transforming the company from a single-minded home-rental service to a multipurpose trip planner. The company is testing a standalone mobile app for finding and organizing travel plans, highlighting the importance of the initiative to the company. A test version ...

  AFP China launched the world’s first quantum satellite on Tuesday, state media reported, in an effort to harness the power of particle physics to build an “unhackable” system of encrypted communications. The launch took place at 1:40 am in the southwestern Gobi Desert, the official Xinhua news service said, and comes as the US, Japan and others also seek ...

  Bloomberg Google nailed e-mail with the 2004 introduction of Gmail. Now it’s the No. 1 form of electronic correspondence in the US. But as traditional e-mail falls out of favor with a growing sliver of the population, Google has struggled to make its messaging tools relevant or introduce new ones that resonate with younger users. Now Google is trying ...

  AFP China leads the world in connecting everyday devices to the internet, but is creating huge hacking vulnerabilities for itself and others by doing so, renegade American software pioneer John McAfee warned. Hackers had already been able to gain control of devices such as safes and heating controls, and take over the computer systems of automobiles and aeroplanes, he ...

  Bloomberg Cyberdyne Inc., a Japanese maker of robot exoskeletons for patients with spinal difficulties, tumbled after short-seller Citron Research said the company’s stock is poised to plunge. Shares fell as much as 11 percent in morning trading in Tokyo after Andrew Left’s Citron said Cyberdyne is too expensive, citing declining growth in the company’s core assistive-limb product and valuations ...

    Bloomberg Hike Messenger became India’s newest internet unicorn after securing a round of funding at a valuation of almost $1.4 billion from investors including Tencent Holdings Ltd. and Foxconn Technology Group. The app, which seeks to compete with Facebook Inc.’s WhatsApp, raised more than $175 million via a series D round in which existing backers Tiger Global, SoftBank ...

  AP Lock picking might seem ridiculously old-fashioned at a cyber-security gathering — but learning it can actually help people protect machines from digital threats. As security improves to block remote attacks over the internet, hackers look for ways to deliver malicious software physically instead — for instance, by breaking into a company’s data centers. Like cracking a digital system, ...

  Relaxnews New research from JD Power regarding smartphone satisfaction finds that the people most likely to constantly upgrade their handset are also the most content with their phones, at least for the short period of time that they are actually in their possession. “It’s surprising to learn that the expected length of mobile device ownership can influence the purchase ...