Category: Tech

(Reuters) – Amazon.com Inc plans to close its domestic marketplace business in China by mid-July, people familiar with the matter told Reuters on Wednesday, focusing efforts on its more lucrative businesses selling overseas goods and cloud services in the world’s most populous country. Shoppers in China will no longer be able to buy goods from…

(Reuters) – Facebook Inc is working on a voice assistant to rival the likes of Amazon.com Inc’s Alexa, Apple Inc’s Siri and Alphabet Inc’s Google Assistant, CNBC reported here on Wednesday, citing several people familiar with the matter. The move is coming out of the company’s augmented reality and virtual reality group, a division that…

(Reuters) – The U.S. Transportation Department on Wednesday issued a draft environmental assessment for a Washington, D.C. to Baltimore tunnel that would carry passengers between the cities at high speeds in autonomous electric vehicles, the first step in a joint federal-state review of the Elon Musk project. Musk’s Boring Co has proposed a privately funded…

(Reuters) – Federal Communications Commission chairman Ajit Pai said on Wednesday he opposes China Mobile Ltd’s bid to provide U.S. telecommunications services and that the commission will vote on whether to deny the application in May. “It is clear that China Mobile’s application to provide telecommunications services in our country raises substantial and serious national…

STRASBOURG (Reuters) – The European Commission’s push for a wifi-based standard for cars backed by Volkswagen took a big step forward on Wednesday after EU lawmakers endorsed wifi over 5G technology promoted by BMW and Qualcomm. The EU executive wants to set benchmarks for internet connected cars, a market that could generate billions of euros…

SAN FRANCISCO (Reuters) – Apple Inc has held talks with at least four companies as possible suppliers for next-generation lidar sensors in self-driving cars, evaluating the companies’ technology while also still working on its own lidar unit, three people familiar with the discussions said. The moves provide fresh evidence of Apple’s renewed ambitions to enter…

SAN FRANCISCO (Reuters) – Aeva Inc, a startup company founded by former Apple Inc engineers Soroush Salehian and Mina Rezk, has signed a sensor-system deal with an Audi-owned unit that is working on self-driving technology for Volkswagen AG. Aeva said on Wednesday that Audi’s AID-Autonomous Intelligent Driving unit, a “center of excellence” for Volkswagen autonomous…

(Reuters) – Apple Inc was accused in a new lawsuit of securities fraud for concealing a slump in demand for iPhones, particularly in China, leading to a $74 billion one-day slide in its market value once the truth became known. The complaint filed on Tuesday seeks damages for investors who bought Apple stock in the…

(Reuters) – Qualcomm Inc added $30 billion to its market value after it resolved a legal battle with Apple Inc, a move that secures its leadership in 5G phone chips and could pave the way for a similar settlement with China’s Huawei Technologies. The company’s shares, which closed up 23 percent on Tuesday after the…

BRUSSELS (Reuters) – German car parts maker Continental and French rival Valeo have joined Daimler and Bury Technologies to seek an EU antitrust investigation into Nokia’s patent licensing practices for cars, the Finnish tech company said on Wednesday. Last month, German carmaker Daimler and Bury complained to the European Commission about Nokia’s patents essential to…