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Datafloq 10/22/2020 02:00
By Aftab Ahmed and Krishna N. Das. JAIPUR/NEW DELHI, India (Reuters) - Indian businesses are stocking up more ahead of this year's big festival season than at any time in the last five years, expecting people whose earnings were relatively unaffected by the pandemic to spend the money they saved during months of lockdowns. India's biggest shopping season is at the time of the festivals of Durga Puja and Diwali, which fall 20 days apart in October-November each year.
Datafloq 10/22/2020 02:00
By Daina Beth Solomon. MEXICO CITY (Reuters) - Amazon.com Inc said on Thursday it has invested $100 million in opening new warehouses in Mexico, including its first shipping centers outside the populous capital area, in a bid to offer faster deliveries. The new sites include two so-called fulfillment centers - one near the northern city of Monterrey and another near the central city of Guadalajara - as well as a support building in the State of Mexico, just outside Mexico City. Amazon also opened 12 delivery stations, bringing its total to 27 across the country, it said. "The construction of a solid infrastructure network allows the company to stay closer than ever to clients, and thanks to that, it's possible to offer fast deliveries," Amaz.
Datafloq 10/22/2020 02:00
(Reuters) - Facebook Inc said https://bit.ly/3jjcdwy on Wednesday it is launching its dating service in 32 European countries after the rollout was delayed earlier this year due to regulatory concerns. The social media company had postponed the rollout of Facebook Dating in Europe in February after concerns were raised by Ireland's Data Protection Commissioner (DPC), the main regulator in the European Union for a number of the world's biggest technology firms including Facebook. The DPC had said it was told about the Feb. 13 launch date on Feb. 3 and was very concerned about being given such short notice. It also said it was not given documentation regarding data protection impact assessments or decision-making processes that had been under.
Datafloq 10/21/2020 20:01
(Reuters) - Self-driving car maker Cruise said on Wednesday it and majority shareholder General Motors Co would seek U.S. regulatory approval in coming months to deploy a limited number of Cruise Origin vehicles without steering wheels or pedals. At the same time, it will withdraw an exemption petition filed with the National Highway Traffic Safety Administration (NHTSA) in January 2018 seeking approval to deploy a limited number of similar autonomous vehicles based on the Chevrolet Bolt platform. NHTSA, which spent 15 months reviewing the GM petition before seeking public comment, said Wednesday it "will review the new petition when it is received.".
Datafloq 10/21/2020 20:00
(Reuters) - Streaming service Quibi said on Wednesday it intends to wind down its operations and start a process to sell its assets, just six months after its launch. The announcement highlights the dominance that Netflix, Amazon's Prime Video, Disney+ and Apple TV+ hold over smaller streaming service providers, which struggle to keep up against their large content budgets and vast libraries of shows. "The world has changed dramatically since Quibi launched and our standalone business model is no longer viable," founder Jeffrey Katzenberg said in a statement. Los Angeles-based Quibi offers entertainment and news in episodes of 10 minutes or less on mobile phones, initially promoted for on-the-go viewing.
Datafloq 10/21/2020 20:00
By Elizabeth Culliford. (Reuters) - In the run-up to the U.S. vote in November, social media companies like Facebook Inc and Twitter have announced new rules for various post-election scenarios. The companies, which have been criticized by social media researchers and lawmakers over the enforcement of their content policies, have laid out plans for how they will handle candidates claiming victory before results are certified or calls for election-related violence. Here is how major social media companies plan to approach election challenges:. FACEBOOK. If candidates or campaigns make premature victory claims, Facebook said it will add labels to the content and show notifications in news ...
Datafloq 10/21/2020 20:00
By Akanksha Rana and Tina Bellon. (Reuters) - Tesla Inc on Wednesday reported its fifth consecutive quarterly profit on record revenue of $8.8 billion, boosted by an uptick in vehicle deliveries and sales of environmental regulatory credits to other automakers. The electric car maker also affirmed its target to deliver half a million vehicles by the end of this year, a goal that will require it to significantly ramp up vehicle sales in the fourth quarter. Shares were up 2.2% at $431.88 in extended trade as the carmaker beat analysts' estimates for third-quarter revenue. Tesla said it had the capacity installed to produce and deliver 500,000 vehicles this year, but added that achieving its goal has become more difficult. "Achieving ...
Datafloq 10/21/2020 20:00
By Jack Stubbs. LONDON (Reuters) - Fraudsters from Albania to Vietnam are posting about U.S. politics and the upcoming presidential election to build fake audiences, maximise clicks and make money online, Facebook Inc said on Wednesday. In a new report about so-called "inauthentic behaviour" on its platform, Facebook said the Nov. 3 election had become a common lure to trick users into visiting online stores or websites laden with pay-per-view adverts. "If you are a financially motivated actor who's trying to make money based on clicks, you are going to use whatever content is going to get you eyeballs," Nathaniel Gleicher, Facebook's head of cybersecurity policy, told Reuters. "And obviously, there's a lot of attention being paid to what's
Datafloq 10/21/2020 14:00
By Edward Taylor. FRANKFURT (Reuters) - Tesla Inc. Chief Executive Elon Musk on Tuesday evening tweeted that the electric car maker will be rolling out a new version of its Full Self Driving software, the latest attempt by the California-based company to tout autonomous driving. Tesla's "Full Self Driving" software would be an important source of revenue, once it is fully deployed.
Datafloq 10/21/2020 14:00
By Paresh Dave. OAKLAND, Calif. (Reuters) - The U.S. government's antitrust suit against Alphabet Inc's Google on Tuesday could deliver a huge opportunity for Microsoft Corp to increase usage of its Bing search engine, an unexpected epilogue years after it abandoned a long campaign for legal relief. From at least 2007 through 2015, Microsoft lobbied lawmakers, funded private lawsuits, commissioned opposition research and academic papers and even ran TV commercials, all with the aim of getting regulators to bar what it viewed as anticompetitive practices by Google. Codenamed "Appendix A" inside Microsoft, the campaign failed to change Google's behavior or boost Bing's market share, according to current and former Microsoft officials involved
Datafloq 10/21/2020 14:00
LONDON (Reuters) - Democracies around the world are under a constant barrage of cyberattacks that must be identified, called out and stopped, Microsoft President Brad Smith told a gathering of security and defence officials on Wednesday. Speaking at the Atlantic Future Forum, Smith named Russia, China, Iran and North Korea as the states most frequently engaged in malicious cyberattacks targeting elections and the domestic politics of other countries. "We're living in this period of time that is certainly not necessarily war but doesn't feel entirely like peace either," he said.
Datafloq 10/21/2020 14:00
By Diane Bartz and David Shepardson. WASHINGTON (Reuters) - The selection of U.S. District Judge Amit Mehta, nominated to the court by President Barack Obama, to hear the U.S. Justice Department's case against Alphabet's Google. , suggests a tough courtroom battle ahead for the $1-trillion search and advertising company. The U.S. Justice Department is accusing Alphabet's. Google of illegally using its market muscle to hobble rivals like Microsoft's Bing in search and search advertising.
Datafloq 10/21/2020 11:46
Written by Volodymyr Sofinskyi, co-founder of Datrics.ai, a startup based in Sigma Software Labs.Volodymyr is a proficient Data Scientist and Machine Learning Consultant focused on bringing AI technology to the banking industry. Adoption of Artificial Intelligence in the Banking Industry. The banking industry is one of the leading industries in terms of Artificial Intelligence adoption and according to IDC by 2022 over $5B will be spent on AI applications, including automated threat intelligence & prevention systems and fraud analysis & investigation systems.
Datafloq 10/21/2020 08:00
BEIJING (Reuters) - Sweden should reverse its ban on Chinese telecommunications companies Huawei [HWT.UL] and ZTE <0763.HK> <000063.SZ> from a planned 5G spectrum auction to avoid a "negative impact" on its own companies, said China's foreign ministry. "China expresses strong dissatisfaction with Sweden," said foreign ministry spokesman Zhao Lijian, speaking at a regular news briefing in Beijing on Wednesday. The Swedish Post and Telecom Authority (PTS) on Tuesday banned the use of products from Huawei and ZTE by companies taking part in the auction scheduled for next month. "Sweden should uphold an objective and fair attitude, and correct its wrong decision, to avoid bringing a negative impact to China-Sweden economic and trade cooperation.
Datafloq 10/21/2020 08:00
By Anna Irrera. LONDON (Reuters) - PayPal Holdings Inc joined the cryptocurrency market on Wednesday, allowing customers to buy, sell and hold bitcoin and other virtual coins using the U.S. digital payments company's online wallets. PayPal customers will also be able to use cryptocurrencies to shop at the 26 million merchants on its network starting in early 2021, the company said in a statement. PayPal hopes the service will encourage global use of virtual coins and prepare its network for new digital currencies that may be developed by central banks and corporations, President and Chief Executive Dan Schulman said in an interview. "We are working with central banks and thinking of all forms of digital currencies and how PayPal can play a r.
Datafloq 10/21/2020 08:00
(Reuters) - Verizon Communications Inc on Wednesday added more monthly bill-paying phone subscribers than expected as people bought new connections to power work-from-home set-ups. The company said it added 283,000 postpaid phone subscribers, above the average estimate of 268,000 for the third quarter, according to research firm FactSet. The COVID-19 pandemic has brought global economies to a halt, but the telecom sector has been relatively less affected as more companies adopt work-from-home strategies. Net income fell to $1.05 per share in the third quarter from $1.25 per share a year earlier, with about 5 cents of COVID-19-related net impacts, Verizon said. Total operating revenue for the wireless carrier fell 4.1% to $31.5 billion from

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