Technology news

• Tesla stock sinks after Musk gives tearful NYT interview

  17-08-2018 22:00
  Tesla Inc'sshares slumped 9 percent on Friday after Chief Executive Officer Elon Musk told the New York Times he was under major emotional stress and was preparing for "extreme torture" from short sellers.
  
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• Nvidia forecast lags Wall Street as crypto demand evaporates

  17-08-2018 20:37
  Nvidia Corpshares fell as much as 5 percent in after-hours trading on Thursday after the chip maker said cryptocurrency-fueled demand had dried up and it forecast sales below Wall Street targets, overshadowing quarterly results that otherwise beat expectations.
  
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• Investors query funding costs at a private Tesla

  17-08-2018 20:27
  Several Tesla Incshareholders have told Reuters they are concerned that the electric car maker will have to pay more to fund its growth if it becomes a private company and loses the ability to sell new shares to stock market investors.
  
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• Angry Birds maker Rovio's games get sales boost

  17-08-2018 18:34
  Rovio Entertainment , the maker of the "Angry Birds" mobile game series and movie, on Friday reported an increase insecond-quarter sales at its games business, providing a positive sign for investors after a profit warning in February.
  
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• U.S. value stocks capitalize on 'FANG' stumbles, with room to run

  17-08-2018 18:29
  The summer roller-coaster in two of the four big-cap 'FANG' names - Facebook Inc, Amazon.com Inc, Netflix Inc and Google-parent Alphabet Inc - has led to a shift, albeit slight, into value stocks.
  
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• Uber to push further into East Africa with services like Chap Chap

  17-08-2018 17:30
  Uber [UBER.UL] the global ride-hailing company, is considering expanding into two other East African countries before the end of 2018, focusing on low cost services like Chap Chap in Kenya, the company said on Friday.
  
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• Musk's SpaceX could help fund take-private deal for Tesla: NYT

  17-08-2018 17:00
  Elon Musk's rocket company, SpaceX, could help fund a bid to take electric car company Tesla Incprivate, the New York Times reported on Thursday, quoting people familiar with the matter.
  
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• Uber opens Brazil center to improve driver, passenger safety

  17-08-2018 16:50
  Ride-hailing company Uber Technologies Inc [UBER.UL] plans to open a 250 million reais ($64 million) center in Brazil to develop technology to improve safety for its riders and drivers, including for drivers to accept cash, a key payment method in its rapid expansion in Latin America, the company said on Friday.
  
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• Brazil mall executives shrug off looming Amazon.com expansion

  17-08-2018 16:12
  Fears of e-commerce taking off in Brazil have sunk shares of the country's big mall operators this year, but industry executives expressed confidence that local shopping habits, the reputation of malls as public spaces safe from crime and other factors will help them avoid the shakeout that has hit their U.S. peers.
  
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• British watchdog says cryptocurrency scams on the rise

  17-08-2018 14:38
  Cryptocurrency scams are using images of celebrities and upmarket London addresses to hoodwink consumers into parting with cash, Britain's Financial Conduct Authority has said.
  
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• Google employees demand more oversight of China search engine plan

  17-08-2018 09:38
  Google is not close to launching a search engine app in China, its chief executive said at a companywide meeting on Thursday, according to a transcript seen by Reuters, as employees of the Alphabet Incunit called for more transparency and oversight of the project.
  
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• Turk Telekom, Turkey's Vestel clinch deal after Erdogan call to snub iPhone

  17-08-2018 09:21
  Turkish fixed-line operator Turk Telekom said on Friday that it clinched a cooperation deal with Vestel after President Tayyip Erdogan called on Turks to use locally-made mobile phones instead of Apple's iPhone.
  
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• Biometrics: Govt plays down concerns over mass surveillance, private-sector access

  17-08-2018 07:35
  Officials from the Department of Home Affairs have sought to assuage concerns that a proposed national facial recognition service could lay the basis for mass surveillance.
  
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• Angelene Falk confirmed as Australia’s new privacy czar

  17-08-2018 05:39
  The government has appointed Angelene Falk as Australian Information Commissioner and Privacy Commissioner.
  
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• Apple reassures customers after Australian media reports hack by teen

  17-08-2018 05:35
  Apple Incsaid on Friday no customer data was compromised after Australian media reported a teenager had pleaded guilty to hacking into its main computer network, downloading internal files and accessing customer accounts.
  
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• Optus takes exception to Telstra 5G claims

  17-08-2018 05:07
  Optus has hit back at Telstra over claims by the larger telco that it was the first Australian mobile carrier whose network was “5G ready”.
  
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• Whistleblower accuses Tesla of spying on employees at Gigafactory: attorney

  17-08-2018 04:13
  An employee fired from Tesla Inc'sNevada battery factory filed a whistleblower complaint with the U.S. Securities and Exchange Commission, accusing the company of spying on employees and failing to act after learning that a Mexican cartel may be dealing drugs inside the plant, his attorney said on Thursday.
  
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• As Nvidia expands in artificial intelligence, Intel defends turf

  17-08-2018 03:27
  Nvidia Corpdominates chips for training computers to think like humans, but it faces an entrenched competitor in a major avenue for expansion in the artificial intelligence chip market: Intel Corp .
  
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• U.S. judge blocks programs letting 'Grand Theft Auto' players 'cheat'

  17-08-2018 03:20
  A federal judge on Thursday awarded Take-Two Interactive Software Inc , the maker of the "Grand Theft Auto" series, a preliminary injunction to stop a Georgia man from selling programs that it said helps players cheat at the best-selling video game.
  
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• Nvidia revenue hit by cryptocurrency drop

  17-08-2018 03:14
  Nvidia shares fell as much as 5 percent in after-hours trading on Thursday after the chip maker said cryptocurrency-fueled demand had dried up and it forecast sales below Wall Street targets, overshadowing quarterly results that otherwise beat expectations.
  
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• Digitalisation: The next telco revolution

  17-08-2018 01:36
  The Australian telecommunications (telco) industry is largely responsible for the highly connected and digital world we live in today.
  
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• Australian teen sparks FBI action after hacking Apple: media

  17-08-2018 01:00
  An Australian teenager has pleaded guilty to hacking into the main computer network of technology giant Apple.
  
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