Reuters - Technology Report

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Monday, April 8, 2019

SoftBank-backed Grab seeks another $2 billion funding in expansion drive

Grab is looking to raise another $2 billion this year to ramp up expansion, its CEO Anthony Tan told Reuters, just weeks after announcing over $4.5 billion of funding in what has become Southeast Asia's largest round of private financing.

Britain plans social media regulation to battle harmful content

Britain proposed new online safety laws on Monday that would slap penalties on social media companies and technology firms if they fail to protect their users from harmful content.

Facebook says has made headway against abuses ahead of India election

Facebook has said it has made strides in its efforts to prevent online abuses in the Indian national election that starts this week but acknowledged that gaps remain in its "election integrity" efforts.

EU's Vestager says Europe must lead the way with a digital tax

Europe needs to decide on a digital tax and should lead the way if there is insufficient consensus globally, the EU competition commissioner Margrethe Vestager, said on Monday.

UK fines for harmful online content in line with GDPR: minister

Britain will impose penalties that force tech companies to "sit up and take notice" if they do not do everything reasonably practicable to stop harmful content on their platforms, the Culture, Media and Sport Secretary Jeremy Wright said.

How excess speed, hasty commands and flawed software doomed an Ethiopian Airlines 737 MAX

Minutes after take-off, the pilots of an Ethiopian Airlines 737 MAX were caught in a bad situation.

Hyundai Motor denies tie-up with Tencent on driverless car software

South Korean automaker Hyundai Motor Co on Sunday denied a report that it had signed a preliminary deal with Chinese technology firm Tencent Holdings to develop software for driverless vehicles.

SAP cloud business head quits after 27 years in latest top departure

Software company SAP said the head of its cloud business group had quit, the latest in a string of top departures as Europe's most valuable technology company reshapes its operations.

Hyundai Motor, Tencent tie up to develop self-driving cars software: report

South Korean automaker Hyundai Motor Co and Chinese technology firm Tencent Holdings have signed a preliminary deal to develop software for driverless vehicles, South Korea's Maeil Business Newspaper reported on Saturday.

Who was first to launch 5G? Depends who you ask

When it comes to who triumphed in the multi-billion dollar global race to launch the world's first 5G next generation wireless network, the winner is clear ... depending on who you ask.