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‘My mistake, I’m sorry,’ Facebook’s Zuckerberg to tell Congress

Monday, 9 April 2018

Facebook chief Mark Zuckerberg will accept responsibility for the social network’s failure to protect private data and prevent manipulation of the platform, according to testimony released on the eve of his first Congressional appearance.“We didn’t take a broad enough view of our responsibility, and that was a big mistake. It was my mistake, and I’m sorry,” Zuckerberg said in his written testimony released by a House of Representatives panel. “I started ...

Saudi Crown Prince, Richard Branson tour Mojave Air and Space Port

Monday, 2 April 2018

Saudi Crown Prince Mohammed bin Salman arrived at the Mohavi Air and Space Base in the California desert. He was greeted by British businessman and Virgin Group Founder Richard Branson, who accompanied him on a tour of the base. The Prince's tour includes access to modern technologies that have never been revealed, including a spacecraft and a project of tunnels that can travel between long distances and other projects as well. Mojave is also the home of the National Test Pilot School, ...

Philippine banks on alert after cyber attack at Malaysia central bank

Sunday, 1 April 2018

The Philippine central bank has sounded an alert to local financial institutions following a cyber attack at the Malaysian central bank, in which hackers sought to steal money using fraudulent wire transfers, its governor said on Saturday. Bank Negara Malaysia (BNM) has said no funds were lost in the incident, which it identified on Tuesday, and involved falsified wire-transfer requests over the SWIFT bank messaging network, the latest in a series of electronic heists at financial institutions ...

Malaysian central bank says foiled attempted cyber-heist

Thursday, 29 March 2018

Malaysia’s central bank said on Thursday it was the victim of a cyber attack in which hackers sought to steal money using fraudulent wire transfers, the latest in a series of electronic heists at financial institutions around the world. While Bank Negara Malaysia said no funds were lost in the incident, which it identified on Tuesday and involved falsified wire-transfer requests over the SWIFT bank messaging network. It is the second known hack of a central bank after the 2016 theft of $81 ...

Amazon shares fall after report Trump wants to curb its power

Thursday, 29 March 2018

Amazon.com Inc shares fell almost 5 percent on Wednesday, wiping more than $30 billion off its market value, after news website Axios reported that US President Donald Trump is obsessed with the world’s largest online retailer and wants to rein in its growing power. Trump has talked about using antitrust law to “go after” the company because he is worried about mom-and-pop retailers being put out of business by Amazon, Axios reported, citing five sources it said had discussed ...

Mideast Uber rival Careem in talks to raise new funds, say sources

Thursday, 29 March 2018

Middle East ride-hailing app Careem is in early talks to raise as much as $500 million in new funds from investors, sources told Reuters. Careem, Uber’s rival in the region, is testing the appetite of potential investors and hopes to secure its targeted $500 million in a new funding series, three sources said, speaking on condition of anonymity as the matter is not public. Careem declined to comment when contacted by Reuters on Wednesday. Some of the ...

Artificial intelligence among key topics of Saudi Crown Prince’s agenda to US

Monday, 26 March 2018

Economic relations between Saudi Arabia and the United States are witnessing a new phase after the signing of several agreements and memorandums of understandings worth hundreds of billions of dollars in various sectors, including the technology sector.Agreements signed between Saudi Arabia and the US in the technology sector included the signing of an MoU between the Saudi government and Microsoft to contribute to the digital transformation of Saudi Arabia through the transfer of knowledge and ...

Details of Saudi Crown Prince’s innovation-packed visit to Boston

Sunday, 25 March 2018

Saudi Crown Prince Mohammed Bin Salman visited the IBM Watson Health Center and Mechatronics Lab at the Massachusetts Institute of Technology (MIT) in Boston on Saturday on the second leg of his US tour.During the visit, IBM Watson's Senior Vice-President, David Kenny, briefed the Crown Prince with a video presentation on artificial intelligence and improved research performance on drugs using artificial intelligence.Prince Mohammed met with MIT President Leo Rafael Reif, who accompanied the ...

Uber self-driving crash resulting in death of pedestrian raises safety questions

Friday, 23 March 2018

Video of a fatal pedestrian crash involving a self-driving Uber vehicle that some experts say exposes flaws in autonomous vehicle technology is prompting calls to slow down testing on public roads and renewing concerns about regulatory readiness. The 22-second video shows a woman walking from a darkened area onto a street just before an Uber SUV in self-driving mode strikes her. It was released by police in Tempe, Arizona, following the crash earlier this week. Japanese automaker Toyota said ...

After Analytica scandal, can Zuckerberg media blitz take the pressure off Facebook?

Thursday, 22 March 2018

In the wake of a privacy scandal involving a Trump-connected data-mining firm, Facebook CEO Mark Zuckerberg embarked on a rare media mini-blitz in an attempt to take some of the public and political pressure off the social network.But it’s far from clear whether he’s won over US and European authorities, much less the broader public whose status updates provide Facebook with an endless stream of data it uses to sell targeted ads.On Wednesday, the generally reclusive Zuckerberg sat ...

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