Technology news

• SoftBank doubles down on Korean online retailer Coupang with $2 billion investment

  20-11-2018 15:33
  SoftBank Group Corp's Vision Fund is investing $2 billion in South Korea's top e-commerce firm Coupang, the retailer said on Tuesday, as the loss-making startup girds for battle against rivals backed by the country's cash-rich chaebol.
  
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• DWS Group partners with real estate tech startup Skyline AI

  20-11-2018 15:23
  German asset manager DWS Groupsaid on Tuesday it has entered into a strategic partnership with and become a minority shareholder in Skyline AI, a real estate asset management technology company.
  
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• Micron leads chipmaker losses as demand concerns grow

  20-11-2018 15:15
  Shares of Micron Technology led falls for U.S. microchip producers on Tuesday, driven by a combination of concerns over slackening iPhone demand and a series of brokerage downgrades that reflect a growing technology stock selloff.
  
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• Bitcoin slump takes pressure off Britain's regulators

  20-11-2018 14:25
  A plunge in the value of bitcoin and other cryptoassets has eased the pressure on Britain's financial watchdog to take radical action that could deter investment and financial innovation, government officials and regulators said on Tuesday.
  
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• UK MPs call for a cyber security minister to defend critical infrastructure

  20-11-2018 14:19
  A UK parliamentary committee has urged the government to appoint a dedicated cyber security minister to help protect the country's critical national infrastructure (CNI).
  
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• Bitcoin for payments a distant dream as usage dries up

  20-11-2018 13:46
  The use of bitcoin for commercial payments has dropped dramatically this year, even as the original digital coin starts to fulfill one of the basic features of any payment currency: stability.
  
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• Singapore lawmaker blasts Facebook over refusal to take down 'false' post

  20-11-2018 13:42
  A Singapore lawmaker hit out at Facebookon Tuesday, saying it had reneged on a promise to help rein in fake news and calling for tougher regulations, which the social media firm has cautioned against.
  
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• Uber's Middle East rival Careem looks to raise up to $200 million in China: source

  20-11-2018 13:09
  Careem, Uber's main Middle East rival, is looking at raising between $100 million and $200 million from Chinese investors, a source with direct knowledge of the matter told Reuters.
  
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• Google invests $700 million in Danish data center, secures green energy

  20-11-2018 12:38
  Google will invest almost $700 million in a Danish data center powered by the abundant green energy that underpins power-
  
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• Bitcoin extends slide below $4,500, new 2018 low

  20-11-2018 12:09
  Bitcoin tumbled as much as 10 percent on Tuesday to below $4,500 <BTC=BTSP>, bringing the world's best-known cryptocurrency's losses to 30 percent within a week as a selloff in digital currencies intensified across the board.
  
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• Finland's Basware received conditional offer from U.S. payment tech firm Tradeshift

  20-11-2018 09:26
  Finnish payment software firm Baswaresaid on Tuesday it has received an indicative takeover proposal from U.S. peer Tradeshift.
  
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• Family violence perpetrators using technology to track, harass victims - Geelong Advertiser

  20-11-2018 09:00
  Family violence perpetrators using technology to track, harass victims  Geelong AdvertiserWOMEN and children across Geelong are being stalked and harassed by family violence offenders using the latest technology to track their victims.
  
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• Twitter CEO trolled for 'hate mongering' against India's Brahmins

  20-11-2018 08:31
  Twitter CEO Jack Dorsey has kicked up a social media storm in India after a picture of him with a placard saying "smash Brahminical patriarchy", referring to the highest Hindu caste, went viral in one of the company's fastest-growing markets.
  
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• Freelancer.com branches into freight

  20-11-2018 07:20
  The acquisition of enterprise freight marketplace Channel 40 will help underpin a new service from Freelancer, the company said today.
  
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• Piracy crackdown: Rights holders come out swinging for bill targeting search engines

  20-11-2018 06:57
  Groups representing copyright holders and one of the entertainment companies that has spearheaded use of an existing anti-piracy law have strongly backed proposed changes to Australia’s site-blocking regime.
  
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• Algorithmic advantage of high-frequency traders has waned, ASIC finds

  20-11-2018 05:50
  The Australian Securities and Investments Commission (ASIC) has concluded that the growth of high-frequency trading has tapered off. ASCI’s latest review of the practice has concluded “tactical advantages” formerly enjoyed by high-frequency traders have been dissipating as algorithmic execution of trades has become an increasingly mainstream tool.
  
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• Bitcoin may hover above $4,795

  20-11-2018 04:18
  Bitcoin has found a support at $4,795. It may hover above this level or bounce toward a resistance at $5,151.
  
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• Google wins trademarks case against Australian business

  20-11-2018 02:13
  Google has won a trademark case brought against two businesses registered in Australia under the names Google LLC and Google Legacy.
  
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• Inquiry calls for changes to government’s ‘NBN tax’

  20-11-2018 01:34
  A parliamentary inquiry into the roll out of the National Broadband Network in regional and rural areas has called on the government to update the modelling used to underpin a levy scheme that has been dubbed an ‘NBN tax’.
  
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• Mideast ride-hailing firm Careem working with Jefferies: sources

  20-11-2018 01:15
  Middle East ride-hailing firm Careem has been working with investment bank Jefferies as an adviser on investment options and fundraising, including a potential mergers and acquisition deal in the region with Uber Technologies Inc [UBER.UL], three sources familiar with the matter said.
  
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• TechnologyOne profit rises 15 per cent

  20-11-2018 01:13
  Brisbane-headquartered software vendor TechnologyOne has posted $51 million in NPAT for the financial year ended 30 September.
  
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• Australian Digital Health Agency appoints CDO

  20-11-2018 00:53
  Steven Issa will join the Australian Digital Health Agency as the organisation’s inaugural chief digital officer.
  
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• Kroger and Ocado to build first robotic warehouse in Cincinnati

  20-11-2018 00:30
  Kroger Co has chosen its hometown of Cincinnati for the first of 20 high-tech warehouses it plans to build with UK-basedOcado Group Plc in a bid to dominate the U.S. grocery delivery business.
  
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• Spark 5G to give Emirates America's Cup team an edge

  20-11-2018 00:26
  New Zealand's Spark and the Emirates America's Cup team have opened an interactive 5G test lab in Auckland with Spark promising it will launch a live 5G network on 1 July 2020 that will give the team and edge in the America's Cup races to be held in July 2021.
  
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• Without a connected application network, AI is not going anywhere

  20-11-2018 00:08
  For all the potential benefits artificial intelligence (AI) promises—from automating business processes to deriving insights from massive data sets—it’s still a challenge for most enterprises to bring to life.
  
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