Reuters - Technology Report

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Tuesday, November 28, 2017

SoftBank offers to buy Uber shares at 30 percent discount

SAN FRANCISCO (Reuters) - Japan's SoftBank Group Corp is offering to purchase shares of Uber Technologies Inc at a valuation of $48 billion, a 30 percent discount to its most recent valuation of $68.5 billion, a person familiar with the matter said on Monday.

Global crypto-currency crackdown sparks search for safe havens

NEW YORK (Reuters) - When U.S. entrepreneur Bharath Rao looked around for the best place to raise money for his crypto-currency derivatives trading business, the United States did not make his list. Instead he chose the East African island nation Seychelles to sell the trading platform's tokens.

Indian telecom regulator backs net neutrality with recommendations

MUMBAI/NEW DELHI (Reuters) - India's telecom regulator has made recommendations to ensure an open internet in the country and prevent any discrimination in internet access in a long-awaited report, after debating the issue of net neutrality for more than a year.

Microsoft, SAP to use and sell more of each other's cloud services

LONDON (Reuters) - Business software giants Microsoft Corp and SAP SE have agreed to expand the use of each other's cloud-based products and services delivered via the internet, they said on Tuesday, as they laid out a common product road map for joint customers.

BoE says banks may be underestimating fintech threat

LONDON (Reuters) - Britain's banks may be overstating their ability to stop "fintech" firms stealing customers and eating into profits, the Bank of England (BoE) said on Tuesday.

China racing for AI military edge over U.S.: report

WASHINGTON (Reuters) - A research arm of the U.S. intelligence community just wrapped up a competition to see who could develop the best facial recognition technology. The challenge: identify as many passengers as possible walking on an aircraft boarding ramp.

Millions of insecure gadgets exposed in European cities: report

LONDON (Reuters) - A year after a wave of denial-of-service attacks knocked out major websites around the world, millions of unsecured printers, network gear and webcams remain undefended against attack across major European cities, a report published on Tuesday said.

Pressured for profit, oil majors bet big on shale technology

HOUSTON (Reuters) - Shale oil engineer Oscar Portillo spends his days drilling as many as five wells at once - without ever setting foot on a rig.

Internet businesses ask U.S. to keep net neutrality rules

WASHINGTON (Reuters) - AirBnb, Reddit, Shutterstock, Inc, Tumblr, Etsy , Twitter and a long list of small internet companies urged the Federal Communications Commission on Monday to scrap a plan to roll back net neutrality rules.

Siemens, Trimble, Moody's breached by Chinese hackers, U.S. charges

PITTSBURGH, Pa./NEW YORK/WASHINGTON (Reuters) - U.S. prosecutors have charged three Chinese nationals affiliated with a cyber security company in China with hacking into Siemens AG, Trimble Inc and Moody's Analytics to steal business secrets.