China's Huawei makes second attempt at Brazil smartphone market

SAO PAULO (Reuters) – China’s Huawei Technologies Co Ltd is making a second attempt at cracking the Brazilian smartphone market, the fourth-largest in the world, with the launch of two high-end handsets this month, after its cheaper offerings failed to catch on earlier in the decade. The move will take Huawei beyond its current role in Brazil as a supplier […]

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Israel's New Era Capital raises $60 million for tech fund

JERUSALEM (Reuters) – Israel-based New Era Capital Partners said on Thursday it raised $60 million for a fund that will invest in early-stage technology startups. The group said it raised the money from “leading international corporations and financial institutions” and will invest in technologies in Israel and abroad, with a focus on social and environmental impact. New Era Capital, founded […]

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U.S.-Israeli fintech firm Pagaya raises $25 million

TEL AVIV (Reuters) – Pagaya, a U.S.-Israeli firm that uses machine learning and big data to manage institutional money, said on Wednesday it raised $25 million in a funding round led by Oak HC/FT. Pagaya’s seed investor Viola Ventures, Clal Insurance, GF Investments, former American Express CEO Harvey Golub and Thailand’s Siam Commercial Bank. The funding comes on the heels […]

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Abu Dhabi aims to lure start-ups with investment in new technology hub

ABU DHABI (Reuters) – Abu Dhabi will commit up to 1 billion dirhams ($272 million) to support technology start-ups, it said on Sunday, in a dedicated hub as part of efforts to diversify its economy. U.S. tech giant Microsoft will be a strategic partner, providing technology and cloud services to the businesses that join the hub as the capital of […]

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New AI tech could spot shoplifters before they actually steal

A creepy new AI system could identify shoplifters before they actually steal based on their body language. Japanese startup Vaak has developed software, which it is already marketing to a range of retail clients, that analyzes footage from security cameras to spot fidgeting, restlessness and other body language cues that could be suspicious. According to Bloomberg Quint, the “Minority Report”-style […]

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China fund managers rush to capitalize on Shanghai's new tech board

SHANGHAI (Reuters) – Chinese asset managers are rushing to set up funds targeting Shanghai’s upcoming Nasdaq-style technology board, in a race likely to fuel concern that China’s speculative trading culture could lead to more price bubbles. Applications from mutual fund stock pickers exceeded 20 in the first week of submission, from managers such as Huaan, E Fund, Fullgoal and GF, […]

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Microsoft employees demand company cancel $480M Pentagon contract

More than 150 Microsoft employees signed a letter demanding the tech giant cancel a $480 million contract to build a HoloLens for the Pentagon, saying they “refuse to create technology for warfare and oppression.” “We are alarmed that Microsoft is working to provide weapons technology to the US military, helping one country’s government ‘increase lethality’ using tools we built. We […]

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Apple supplier AAC Tech suffers stock plunge after profit warning

HONG KONG (Reuters) – Apple Inc supplier AAC Technologies Holdings Inc saw its shares dropped 13 percent on Tuesday after the acoustic component maker said it expected first-quarter net profit to fall as much as 75 percent due to reduced orders. The Hong Kong-listed firm late on Monday forecast January-March profit to fall 65-75 percent compared with the same period […]

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