Bloomberg Volkswagen AG will spend more than 34 billion euros ($40 billion) over the next five years to develop automotive technology for an era of electric robo-taxis. With the unprecedented investment through 2022, Volkswagen is accelerating its push into battery-powered vehicles, autonomous-driving features and ride-hailing systems, the Wolfsburg, Germany-based company said in a statement. Volkswagen is seeking to defend its …

Bloomberg AT&T Inc. has deployed a drone to act as a “cell tower in the sky” to help provide communication services in hurricane-ravaged Puerto Rico, the first time the technology has been used to reconnect residents after a disaster, the company said. The Federal Aviation Administration announced its approval for the use of the vehicle, which resembles a small helicopter. …

Bloomberg Apple Inc. is working on a rear-facing 3-D sensor system for the iPhone in 2019, another step towards turning the handset into a leading augmented-reality device, according to people familiar with the plan. Apple is evaluating a different technology from the one it currently uses in the TrueDepth sensor system on the front of the iPhone X, the people …