Reuters - Technology Report

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Thursday, October 12, 2017

Exclusive: Alphabet's Waymo demanded $1 billion in settlement talks with Uber - sources

SAN FRANCISCO(Reuters) - Alphabet Inc's Waymo sought at least $1 billion in damages and a public apology from Uber Technologies Inc as conditions for settling its high-profile trade secret lawsuit against the ride-services company, sources familiar with the proposal told Reuters.

London regulator will defend decision not to renew Uber's license in court: mayor

LONDON (Reuters) - London Mayor Sadiq Khan said on Thursday that the city's transport regulator will defend its decision in court not to renew Uber's license to operate in the British capital.

Facebook pushes ad overhaul before 2018 U.S. election: executive

SAN JOSE, Calif. (Reuters) - Facebook Inc has begun overhauling how it handles political ads on its platform and may put some changes in place before U.S. elections next year, Facebook's chief technology officer said on Wednesday.

Samsung scion fights back as legal appeal begins

SEOUL (Reuters) - The heir to South Korea's Samsung Group, convicted of bribing the country's former president, appeared in a packed court on Thursday for the first day of arguments in the appeal of his five-year jail term for corruption.

Insurers to work with tech firms on risks from drones, driverless cars

LONDON (Reuters) - The World Economic Forum is bringing insurers, tech firms and governments together to find ways to tackle risks from new technology such as drones and driverless cars, it said on Thursday.

Joint Strike Fighter plans stolen in Australia cyber attack

SYDNEY (Reuters) - A hacker stole non-classified information about Australia's Joint Strike Fighter program and other military hardware last year after breaching the network of a defense contractor, the defense industry minister said on Thursday.

Deutsche Telekom demonstrates first 5G antennas in Berlin

BERLIN (Reuters) - Deutsche Telekom debuted its first ultra high-speed next generation mobile antennas on Thursday, which Europe’s biggest telecoms provider said showed it was ready for a global launch of the technology by 2020.

Bitcoin trades above $5,000 for first time ever

LONDON (Reuters) - Bitcoin smashed through the $5,000 barrier for the first time ever on Thursday, jumping as much as 7 percent to chalk up its biggest daily rise in over two weeks.

Facebook to sell portable headset for virtual reality

SAN JOSE, Calif. (Reuters) - Facebook Inc is launching a new virtual reality headset that does not require a separate computer to operate, allowing more mobile uses than the company's existing Oculus Rift product, Chief Executive Mark Zuckerberg said on Wednesday.

Taiwan fines Qualcomm $774 million for antitrust violations

HONG KONG (Reuters) - Qualcomm Inc faces an antitrust fine in Taiwan, the latest in a years-long streak of regulatory setbacks to its business model that comes as it also fights U.S. regulators and iPhone maker Apple Inc in court over many of the same legal issues.