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TECH 15 Jul 2019 | 5:30 AM

US proposes barring big tech companies from offering financial services, digital currencies

A proposal to prevent big technology companies from functioning as financial institutions or issuing digital currencies has been circulated for discussion by the Democratic majority that leads the House Financial Services Committee, according to a copy of the draft legislation seen by Reuters.

TECH 15 Jul 2019 | 5:05 AM

Foodpanda Singapore confirms Instagram account hacked; apologises for inappropriate messages

Foodpanda Singapore has confirmed that its verified Instagram account was hacked over the weekend. The hacker had reportedly sent out inappropriate messages to some customers.

TECH 15 Jul 2019 | 4:38 AM

Facebook US$5bil US privacy settlement approved by FTC

US officials approved a record US$5bil (RM20.53bil) privacy settlement with Facebook Inc to resolve the Cambridge Analytica data scandal, people said, prompting an immediate outcry from lawmakers and privacy advocates who said it didn’t go far enough.

TECH 15 Jul 2019 | 2:30 AM

Amazon’s US$700mil training pledge is actually a bargain Inc is amazing at turning mundane corporate management decisions into global news events.

TECH 14 Jul 2019 | 10:00 PM

AI program beats pros in six-player poker – a first

Artificial intelligence programs have bested humans in checkers, chess, Go and two-player poker, but multiplayer poker was always believed to be a bigger ask. Mission: accomplished.

TECH 12 Jul 2019 | 10:30 AM

NBA invests in Jeremy Lin-backed basketball AI app

Other new investors include the Alibaba Entrepreneurs Fund, Blue Pool Capital and actor Will Smith’s Dreamers Fund.

TECH 12 Jul 2019 | 9:59 AM

Malicious apps infect 25 million Android devices with ‘Agent Smith’ malware

Malicious apps from a campaign called “Agent Smith” have been downloaded to 25 million Android devices, according to new research by cybersecurity firm Check Point.

TECH 12 Jul 2019 | 9:16 AM

A Ford-VW alliance with Argo could redraw self-driving sector

An expanded alliance between Ford Motor Co and Volkswagen AG that includes a partnership in Ford self-driving unit Argo AI could redraw the balance of power in autonomous vehicles.

TECH 12 Jul 2019 | 7:56 AM

US tech firms cosy up to China despite trade turmoil

In a packed ballroom in Beijing’s national convention centre, the executive from a major technology company laid out ambitious plans for the future of artificial intelligence in China. He explained how customised semiconductors would help power everything from autonomous cars to voice-activated industrial machines.

TECH 12 Jul 2019 | 5:45 AM

France adopts pioneering tax on tech giants after US threat

France adopted a pioneering tax on Internet giants like Google, Amazon and Facebook on July 11, despite US threats of new tariffs on French imports.