Reuters - Technology Report

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Monday, May 29, 2017

Japan to finalize strategy for drones, self-driving trucks on June 9: government sources

TOKYO (Reuters) - Japan aims to finalize on June 9 plans to allow package delivery by drone sometime from 2020 and the commercialization of self-driving trucks by 2022, as it scrambles to breathe new life into its corporate sector, sources told Reuters.

British Airways battles third day of disruption, image blow after IT meltdown

LONDON (Reuters) - British Airways was battling its third day of disruption on Monday after a global computer system failure stranded thousands of passengers over a holiday weekend and turned into a public relations disaster.

Western Digital may join Japan-KKR group for Toshiba chip unit bid: sources

TOKYO (Reuters) - Western Digital Corp may join a consortium of Japanese government money and KKR & Co LP to bid for Toshiba Corp's chip unit, backing away from an earlier demand for an immediate majority stake, two sources familiar with the matter said.

China to implement cyber security law from Thursday

SHANGHAI (Reuters) - China, battling increased threats from cyber-terrorism and hacking, will adopt from Thursday a controversial law that mandates strict data surveillance and storage for firms working in the country, the official Xinhua news agency said.

UK looking to increase pressure on internet firms over extremist material: minister

LONDON (Reuters) - Britain is looking at range of options to put pressure on internet companies to do more to take down extremist material, Security Minister Ben Wallace said on Sunday.

Samsung Electronics says may add NAND capacity at China plant amid demand surge

SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd said on Monday it is considering adding NAND memory chip production capacity at its manufacturing base in China amid an industry-wide boom that will likely fuel record sales for memory suppliers.

Acquisitions accelerate as tech giants seek to build AI smarts

SAN FRANCISCO (Reuters) - A total of 34 artificial intelligence startups were acquired in the first quarter of this year, more than twice the amount of activity in the year-ago quarter, according to the research firm CB Insights.

Major U.S. tech firms press Congress for internet surveillance reforms

WASHINGTON (Reuters) - Facebook, Amazon and more than two dozen other U.S. technology companies pressed Congress on Friday to make changes to a broad internet surveillance law, saying they were necessary to improve privacy protections and increase government transparency.

Japan, South Korea drive global bitcoin prices as retail investor pile in

HONG KONG (Reuters) - Japanese and South Korean buying helped drive the price of bitcoin to an all-time high this week, with the digital currency more than doubling its value since the start of the year, analysts and market practitioners said on Friday.

Chipotle says hackers hit most restaurants in data breach

(Reuters) - Hackers used malware to steal customer payment data from most of Chipotle Mexican Grill Inc's restaurants over a span of three weeks, the company said on Friday, adding to woes at the chain whose sales had just started recovering from a string of food safety lapses in 2015.