Today's Top Technology Headlines
- China green lights ride-hailing services with new regulations
By Jake Spring BEIJING (Reuters) - China has given the green light to online ride-hailing services, issuing guidelines that establish a long-awaited framework for the booming industry and remove uncertainty for firms such as Didi Chuxing and U.S. rival Uber Technologies Inc [UBER.UL]. While globally Uber leads the sector, Didi claims 87 percent of the Chinese market for private ride-hailing.
- Disappointing earnings revive speculation on Twitter's future
By Yasmeen Abutaleb SAN FRANCISCO (Reuters) - Twitter Inc disappointed investors yet again on Tuesday with second-quarter earnings that missed estimates and a lower-than-expected outlook, reviving chatter about a possible sale of the company and the future of Chief Executive Officer Jack Dorsey. With the stock falling almost 15 percent Wednesday, Twitter shares are down 50 percent since Dorsey returned last summer to the helm of the social media company he co-founded. At a market cap of about $11 billon, compared with more than $40 billion at its peak, Twitter could now be a more attractive takeover target.
- Facebook trounces Wall Street estimates with sharp ad sales growth
Facebook Inc provided more evidence on Wednesday that it can turn eyeballs into profit as the maker of the world's most popular app and social website trounced Wall Street's estimates, sending its shares to an all-time high. The leading social media company's mobile app and push into video attracted new advertisers and encouraged existing ones to spend more. "Facebook has shown that you can be a giant and you can be innovative," said analyst Patrick Moorhead of Moor Insights & Strategy.
- As iPhone sales stagnate, services promise growth for Apple
Though Apple Inc is selling enough iPhones to keep investors happy for now, the world's most valuable publicly traded company is set increasingly to rely on its apps and services to drive growth. Apple's services business alone - which includes the App Store, Apple Pay and iCloud - will be "the size of a Fortune 100 company next year," Chief Executive Tim Cook said on a post-earnings call on Tuesday. Revenue from the business rose 19 percent to about $6 billion for the third quarter, eclipsing sales of iPads and Mac computers for the second consecutive quarter to rank as Apple's second-largest unit after iPhones.
- New crop of robots to vie for space in the operating room
By Susan Kelly CHICAGO (Reuters) - Even though many doctors see need for improvement, surgical robots are poised for big gains in operating rooms around the world. Within five years, one in three U.S. surgeries - more than double current levels – is expected to be performed with robotic systems, with surgeons sitting at computer consoles guiding mechanical arms. Robotic surgery has been long dominated by pioneer Intuitive Surgical Inc, which has more than 3,600 of its da Vinci machines in hospitals worldwide and said last week the number of procedures that used them jumped by 16 percent in the second quarter compared to a year earlier.
- Bytes and barrels: the origins of oil traders' love of Yahoo
For the oil industry, Yahoo Inc's decision this week to sell its core business to Verizon Communications Inc for $4.8 billion does not matter all that much. Back then, Yahoo's technology revolutionized the industry, helping usher in a new era of high-speed communication that changed the way millions of barrels of oil traded daily. For Gene Grabinski, who was trading crude in Chicago for BP Plc , one of the largest energy companies in the world, it was just the solution needed to stem the endless flood of phone calls as he bought and sold crude in the Midwest and U.S. Gulf.
- Watch an Atlas V rocket launch a secret spy satellite into space
This morning, an Atlas V rocket will blast off into space from Cape Canaveral, taking a classified satellite for the National Reconnaissance Office into orbit. The rocket — the primary craft of private space travel company United Launch Alliance — is scheduled to take off at 8:37AM ET, but ULA’s coverage of the launch will start about 20 minutes earlier, at 8:17AM ET. This will be ULA’s 23rd flight for the NRO, which operates a host of satellites used for intelligence gathering and surveillance.
- First Click: Start your day with the most influential punk label
Seminal Washington DC punk label Dischord made its entire back catalog available on Bandcamp this week, in the short gap between the Republican and Democratic National Conventions. Most, if not all, of the tracks were available on streaming services like Spotify and Apple Music, but in making them totally free to listen to for anyone, it feels a little like Dischord was performing a public service — after two weeks of hectoring by presidential hopefuls, their peers, and their underlings, now's a perfect time to listen to the kind of angry, political punk that the label made its name putting out. Dischord was founded by friends Ian MacKaye and Jeff Nelson in 1980, originally to release a record by their band, the Teen Idles.
- Tumblr will allow users to make money from ads
Tumblr this week announced that it will roll out ads across all of its blogs, in a bid to increase revenue from the Yahoo-owned site. In a blog post published this week, Tumblr said that it is still working out the details of the program, and that a revenue split will be introduced at some point in the future. The announcement comes after Verizon announced that it agreed to buy Yahoo for $4.83 billion.
- SoftBank sees sharp recovery for Sprint, flags much investment for ARM
Japan's SoftBank Group Corp on Thursday flagged a sharp recovery for struggling U.S. unit Sprint and was bullish about long-term prospects for soon-to-be-acquired UK chip designer ARM . The telecoms and internet conglomerate unveiled plans this month to purchase ARM for $32 billion in cash, one of CEO Masayoshi Son's boldest bets yet, as he seeks to be at the forefront of the next wave of digital innovation. "I'm telling ARM management - let's increase the number of engineers, boost R&D spending and make investments proactively," Son told a briefing on SoftBank's first-quarter earnings where it reported flat profits.
- Adobe's virtual oil paint adds texture to digital painting
- Free Windows 10 upgrades end tomorrow
Microsoft released Windows 10 almost a year ago on July 29th, 2015. You only have one day left to upgrade to Windows 10 for free if you're currently running Windows 7 or Windows 8.1. After July 29th, Microsoft will start charging $119 for upgrades to Windows 10, and if you upgrade during the free period you'll also get the Anniversary Update (launching August 2nd) free of charge.
- Uber will be legal in China in November
Ride-hailing services like Uber will be legal in China as of November, Bloomberg reports, citing a document from the country's transportation ministry. Uber and its Chinese rival, Didi Chuxing, have so far been operating in a legal gray area, as the two companies vie for supremacy in the world's largest ride-hailing market, but the new regulations reviewed by Bloomberg will now allow them to compete freely. According to Bloomberg, the government will encourage growth of the so-called sharing economy, with some restrictions on how ride-hailing companies operate.
- Level-5's 3DS puzzle series is back with 'Lady Layton'
- Compra anticipada de iPhone 7 comenzará el 9 de septiembre: reporte