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☆ India reassures confidence in Aadhaar after Moody's questions its reliability
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +2 min

[1/2] A woman goes through the process of finger scanning for the Unique Identification (UID) database system, also known as Aadhaar, at a registration centre in New Delhi, India, January 17, 2018. REUTERS/Saumya Khandelwal Acquire Licensing RightsSept 25 (Reuters) - The Indian government on Monday reassured confidence in its digital identification system, Aadhaar, after a Moody's report last week highlighted concerns about it like establishing authorization and biometric reliability. India's ministry of electronics & IT said the Moody's report "does not cite either primary or secondary data or research in support of the opinions presented in it". The Aadhaar card, which is issued by the Unique Identification Authority of India (UIDAI), has a unique number tied to an individual's fingerprints, face and eye scan. Moody's in its report had said that Aadhaar's system often results in service denials, and questioned the reliability of biometric technologies, especially for manual laborers in hot, humid climates.

Persons: Saumya, Aadhaar, Akanksha, Maju Samuel Organizations: REUTERS, Indian, IT, of India, Gandhi, Rural, Thomson Locations: New Delhi, India, Bengaluru

☆ Hedge fund run by T. Rowe Price's former star manager adds to bets in health care, industrials
▼ + stars: | 2023-08-17 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

A fast-growing hedge fund tacked toward health care and industrial stocks during the second quarter, according to securities filings released this week. Durable Capital Partners is a relatively new firm by Henry Ellenbogen, who helmed T. Rowe Price's New Horizons fund for most of the last decade. In the second quarter, the fund added to several health care and industrial stocks, according to security filings and data compiled by Verity's InsiderScore. On the industrials side, Durable increased its stakes in JB Hunt Transportation and RBC Bearings by 27.3% and 10.2%, respectively, according to Verity and securities filings. Since the second quarter ended on June 30, Durable Capital has disclosed three more groups of transactions.

Persons: Henry Ellenbogen, Rowe, Morningstar, Ellenbogen, Verity's, Verity Organizations: Partners, West Pharmaceutical Services, Molina Healthcare, Privia, JB, Transportation, RBC, Intuit, FirstService Corp, SS, C Technologies Locations: West, MSCI, Duolingo

☆ ‘Smart tattoos’ injected into the skin could someday monitor your health
▼ + stars: | 2023-07-26 | by ( Samantha Bresnahan | ) edition.cnn.com time to read: +8 min

"Smart tattoo" ink shows up here as the blue dots, activated by UV light during testing at Carson Bruns' lab in Boulder, Colorado. “We hope our results will ultimately inform Magic Ink and all tattoo ink manufacturers how to optimize the biocompatibility of their pigments in due time. A “check-engine light”Researchers say one advantage of smart tattoos over wearable technology such as smart watches or glucose monitors is that they can’t be hacked or run out of battery. A tattoo artist in London practices with smart ink developed by researcher Ali Yetisen on a piece of pig skin. He envisions a future where astronauts could utilize smart tattoos in space to gauge radiation exposure, for infectious disease detection in the general public or to help monitor chronic disease.

Persons: ”, Ali Yetisen, ” Yetisen, Yetisen, “, Carson Bruns, American Cancer Society . Bruns, Bruns, Jesse Butterfield, don’t, ” Bruns, Wearables, Dr, Daniel Kraft, Kraft, you’ll, CNN’s Michelle Cohan Organizations: CNN, Department of Chemical Engineering, Imperial College London, Harvard Medical School, Harvard, MIT, American Cancer Society ., University of Colorado, FDA, Science Foundation Locations: University of Colorado Boulder, Boulder , Colorado, United States, Yetisen’s, London

☆ NATO Isn’t Really About Defense, and It Never Was - The New York Times
▼ + stars: | 2023-07-11 | by ( Grey Anderson | Thomas Meaney | ) www.nytimes.com time to read: +4 min

In the realm of defense, the alliance was not as advertised. The war in Ukraine, for all the talk of Europe stepping up, has left that asymmetry essentially untouched. Far from a costly charity program, NATO secures American influence in Europe on the cheap. Before Russia’s invasion of Ukraine, roughly half of European military spending went to American manufacturers. Yet already there are signs that NATO is making headway in getting Europe to follow its lead in the theater.

Persons: — Organizations: NATO, European Union, U.S . Locations: Czech Republic, Prague, United States, Ukraine, Europe, U.S, Brussels, American, America, Washington, Germany, China, South China

☆ Netherlands, home to a critical chip firm, follows U.S. with export curbs on semiconductor tools
▼ + stars: | 2023-06-30 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

The U.S. has been putting pressure on the Netherlands to block exports to China of high-tech semiconductor equipment. Susan Walsh | AFP | Getty ImagesThe Netherlands on Friday announced new export restrictions on advanced semiconductor equipment amid U.S. pressure to cut China off from key chipmaking tools. Since then, the U.S. has been ramping up pressure on key chipmaking nations and allies like the Netherlands and Japan, to introduce export restrictions of their own. The Dutch government was on the fence but in March laid out restrictions on the export of advanced semiconductor equipment. This will give them the time they need to adapt to the new rules," Dutch Trade Minister Liesje Schreinemacher said in a statement.

Persons: Mark Rutte, Joe Biden, Susan Walsh, hobble, Liesje Schreinemacher, ASML Organizations: AFP, Getty, Friday, Companies, Washington, Trade Locations: Netherlands, U.S, China, ASML, Japan

☆ EU hopes for 160 billion euros of investment in key technologies
▼ + stars: | 2023-06-20 | by ( Jan Strupczewski | Thomson Reuters | Jan Is The Acting Bureau Chief In Brussels. He Has Been Covering European Union Policy | ) www.reuters.com time to read: +1 min

BRUSSELS, June 20 (Reuters) - The European Commission asked EU governments on Tuesday to come up with an extra 10 billion euros for 2024-27 to leverage a total of 160 billion euros worth of investment in key technologies, including renewable energy. Nor did the EU budget anticipate the fierce competition between Europe, the United States and China for the latest "clean" technologies to produce energy. "The future of the strategic industries should be made in Europe," European Commission President Ursula von der Leyen said in presenting the call for more money. The new scheme is to be called Strategic Technologies for Europe Platform (STEP) and help develop in the EU microelectronics and quantum computing, as well as renewable energy and electricity storage, among others. ($1 = 0.9155 euros)Reporting by Jan Strupczewski and Bart Meijer, editing by Gabriela BaczynskaOur Standards: The Thomson Reuters Trust Principles.

Persons: Ursula von der Leyen, von der Leyen, Jan Strupczewski, Bart Meijer, Gabriela Baczynska Organizations: European Commission, European Union, Strategic Technologies, Europe, Thomson Locations: BRUSSELS, Ukraine, Europe, United States, China

☆ CNBC Daily Open: The FOMO momentum
▼ + stars: | 2023-06-19 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

(Photo by I RYU/VCG via Getty Images)This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Stocks' streak snappedU.S. stocks fell Friday, with the S&P 500 and Nasdaq Composite snapping their six-day winning streak. Tesla's self-driving ambitionsElon Musk said the value of Tesla depends on whether it can crack the code to self-driving vehicles. There are three factors, according to Hartnett, that'll allow stocks to continue their current rally — though he worries it'll be a "big rally before big collapse."

Persons: RYU, Elon Musk, Tesla, Antony Blinken, Qin Gang, Biden, Bull, Michael Hartnett, Hartnett, it'll Organizations: Microsoft, Getty, CNBC, Nasdaq, gilts, Amazon, China U.S, Foreign, Qin, Bears, Bank of America Chief Investment Locations: Seattle , Washington, Blinken, China, Beijing, U.S

☆ U.S. Congress to consider two new bills on artificial intelligence
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, June 8 (Reuters) - U.S. senators on Thursday introduced two separate bipartisan artificial intelligence bills on Thursday amid growing interest in addressing issues surrounding the technology. Lawmakers are beginning to consider what new rules might be needed because of the rise of AI. "We cannot afford to lose our competitive edge in strategic technologies like semiconductors, quantum computing, and artificial intelligence to competitors like China," Bennet said. Earlier this week, Senate Majority Leader Chuck Schumer said he had scheduled three briefings for senators on artificial intelligence, including the first classified briefing on the topic so lawmakers can be educated on the issue. read moreThe briefings include a general overview on AI, examining how to achieve American leadership on AI and a classified session on defense and intelligence issues and implications.

Persons: Gary Peters, Mike Braun, James Lankford, aren't, Braun, Michael Bennet, Mark Warner, Todd Young, Bennet, Chuck Schumer, Diane Bartz, David Shepardson, Alistair Bell Organizations: Homeland Security, Republican, Global, Thomson Locations: United States, China

☆ We need to regulate biometric technologies, professor says
▼ + stars: | 2023-05-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe need to regulate biometric technologies, professor saysCynthia Rudin of Duke University says it's not just artificial intelligence text generation that could lead to "massive privacy violations," but also biometric technologies like facial recognition.

"The international community is at a crossroads in history," Prime Minister Kishida told a briefing following his more than hour-long meeting with Biden. Japan, although a longtime buyer of Russian oil, has moved in tandem with G7 sanctions against Moscow following Russia's February 2022 invasion of Ukraine. That military action has also raised fears among Japanese that China could be emboldened to take action against neighbouring, self-ruled Taiwan unless Russia is stopped. TIGHTEN SANCTIONSThe G7 will aim to tighten sanctions on Russia to prevent it skirting measures already in place, Germany's leader, Olaf Scholz, said on Thursday. Kishida later said he and Biden had agreed to continue "strict sanctions against Russia as well strong support for Ukraine".

☆ Russian scientists criticize arrest of hypersonic researchers in open letter
▼ + stars: | 2023-05-18 | by ( Katharina Krebs | ) edition.cnn.com time to read: +2 min

CNN —The arrest of three Russian scientists on suspicion of treason has been criticized by members of a Russian scientific institute, who warn the move has created a chilling effect in the community. The three Russian scientists, Anatoly Maslov, Alexander Shiplyuk and Valery Zvegintsev, were detained by the country’s security services in the past year, according to the open letter published this week by members of the Institute of Theoretical and Applied Mechanics (ITAM). The letter appealed to Russian authorities to “protect Russian aerodynamic science,” and warned that staffers not understand how to “do their job” for fear of being accused. In these circumstances, it’s simply impossible for our institute to work,” the letter also said. On Tuesday, TASS also reported Zvegintsev, ITAM’s chief researcher, had been placed under house arrest, citing a statement published by the court.

☆ Factbox: Who are the three Russian scientists accused of state treason?
▼ + stars: | 2023-05-18 | by ( Lucy Papachristou | ) www.reuters.com time to read: +6 min

May 18 (Reuters) - Three Russian scientists who have worked on hypersonic missile technology face "very serious accusations" of state treason, the Kremlin says. Maslov was detained early in the morning of June 28 last year in Novosibirsk, according to an interview that his sons Nikolai and Alexei gave to local media. He declined to tell them anything about the possible reasons for his arrest, and they learned from his lawyer that he was being charged with state treason. Kommersant newspaper reported that Maslov was accused of divulging state secrets related to hypersonics, but provided no further details. Born in Siberia, he studied in the aircraft engineering department at Novosibirsk State Technical University.

☆ Despite TikTok ban threat, influencers are flocking to a new app from its parent company
▼ + stars: | 2023-05-05 | by ( Clare Duffy | ) edition.cnn.com time to read: +8 min

However, they denied rumors that ByteDance had paid creators to promote the new app on TikTok. Still, the app lacks some standard social platform features such as messaging and the option to tag other users in posts. Lemon8’s userbase remains a far cry from the 150 million users TikTok says it has in the United States. By launching a new app even with TikTok in the spotlight, “ByteDance clearly doesn’t feel like they’re at risk,” Lewis said. Even if TikTok and Lemon8 were banned, Cruz said, “I already have a following on all the other platforms.”

The size of subsidies under the EU Chips Act, which aims to tempt the world's top chipmakers to build factories in the bloc and double its share of global output to 20% by 2030, lags the $52 billion CHIPS for America Act. Taiwan accounts for more than 60% of global chip production and concerns are growing about heightened tensions between Taipei and Beijing. But Europe's relatively modest subsidies could put a brake on its ambition, said Richard Windsor of research company Radio Free Mobile. GOOD STARTThe EU Chips Act is a good start given the EU has little choice but to join the subsidy race, but the bloc should play to its chipmaking strengths, said Christopher Cytera, research fellow at the Centre for European Policy Analysis. Catching up on the chips race is more than just building factories and the Chips Act acknowledges this with its focus on developing skilled labour for the future, said Anielle Guedes, senior research analyst at IDC Technologies.

☆ Cirrus Logic slumps as analyst says Apple to abandon button design change
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +2 min

April 12 (Reuters) - Shares of Apple Inc (AAPL.O) supplier Cirrus Logic Inc (CRUS.O) tumbled about 12% after a renowned analyst said the iPhone maker will abandon the solid-state button design for premium variants of its iPhone 15 series of smartphones. Amid speculation Apple would use a button format that remains static, TF International Securities analyst Ming-Chi Kuo, known for his accurate predictions related to Apple's product launches, said in a blog post the company decided to abandon the design shift. "Investors had anticipated that the new solid-state button design would increase suppliers' revenues and profits," Kuo said. Shares of integrated circuit maker Cirrus Logic have hit their lowest in over two months and are set for their worst day in about two years. Cirrus Logic declined to comment.

☆ Apple reportedly nixes iPhone 15 button upgrade, sending supplier stock down 12%
▼ + stars: | 2023-04-12 | by ( Rohan Goswami | ) www.cnbc.com time to read: +1 min

The Apple iPhone 14, iPhone 14 Pro, and iPhone Pro Max on sale at the company's Fifth Avenue store in New York, US, on Friday, Sept. 16, 2022. Photographer: Jeenah Moon/Bloomberg via Getty ImagesApple supplier Cirrus Logic's shares fell about 12% early afternoon Wednesday after a report from analyst Ming-Chi Kuo said that the upcoming iPhone 15 Pro won't use Cirrus' haptic touch technology as heavily as initially expected. Cirrus' technology and parts help power Apple's haptic touch systems, which have been used to replace physical buttons, like the home button on some iPhones, with touch-sensitive buttons that mimic the way a button push feels. Cirrus' relationship with its "largest customer," widely acknowledged as Apple, provided around 88% of its revenue for the most recent quarter. Kuo had previously said that Apple would expand its use of Cirrus' technology beyond haptic touch and replace the physical volume buttons with solid-state technology.

REUTERS/Rebecca Cook/File PhotoMarch 6 (Reuters) - American carmakers will lean on technology to keep the horsepower wars going among their electric muscle cars, a tectonic shift from the big, rumbling motors of the past. GM and Dodge have both issued timelines to stop selling gas-powered muscle cars and replace them with electric variants that will wear the same badges. Dodge's Charger and Challenger muscle cars will not be made next year, while Chevrolet has laid out plans for an electric Corvette. Brands such as Polestar and Mercedes-Benz (MBGn.DE) have announced optional power upgrades to their sedans that improve acceleration and total horsepower via paid OTA (over-the-air) software updates. Dodge has said it will transition its muscle cars to an electric platform, and is working to differentiate those models.

☆ Ola plans $920 mln India investment in electric cars, batteries
▼ + stars: | 2023-02-18 | by ( ) www.reuters.com time to read: +1 min

CHENNAI, Feb 18 (Reuters) - SoftBank Group-backed (9984.T) Ola Electric would invest $920 million in the southern Indian state of Tamil Nadu to manufacture electric cars and batteries for electric vehicles (EVs), a state government statement said on Saturday. Ola will invest 76.14 billion rupees ($920 million) through its subsidiaries Ola Electric Technologies and Ola Cell Technologies, drawn to the growing demand for EVs in India. The company's cumulative production numbers topped 100,000 in November, and it plans to annually make 140,000 cars and hire 3,111 workers in Tamil Nadu through the new investment. In September, Ola said it was looking to expand into Latin America, ASEAN and European Union countries after entering India's neighbour Nepal first. ($1 = 82.7500 Indian rupees)Reporting by Praveen Paramasivam in Chennai; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

☆ EU Starts Discussions on New Export Bans, Sanctions Against Russia
▼ + stars: | 2023-02-15 | by ( Laurence Norman | ) www.wsj.com time to read: 1 min

European Union member states started discussions on a new set of economic measures targeting Russia, including proposals for a ban on over $11 billion worth of Russian imports and sanctions against Iranian entities the EU says is supplying drones to Russia, diplomats said. EU officials have said the new package seeks to avoid problems the bloc has faced with some previous export bans on Russia. In particular, it seeks to target specific technologies and components that the Russian military or military-linked companies can purchase only from European or Western suppliers. As in previous packages, the measures are being closely coordinated with Washington and the U.K.

"Major economies are rightly stepping up investment in net zero industries," von der Leyen told a news conference. And we want to be an important part of this net-zero industry that we need globally," von der Leyen said. RESISTANCEThe European Commission is hoping member states will back its plan at a Feb.9-10 summit but it faces a hot debate. Solar sector industry group SolarPower Europe said it was concerned by what it called a "lack of focus" on specific technologies in the EU plan. The bloc is heavily reliant on China for rare earths and lithium, which are vital materials for the green transition.

FASTER PERMITSClean tech firms could be in line for simpler rules and fast-tracked permits to build production facilities in Europe. The EU executive said it would produce a "Net-Zero Industry Act" offering faster permits to manufacturers of technologies key to its climate goals. That could include carbon capture and storage, renewable energy, renewable hydrogen production facilities and batteries. Brussels had already slashed the time lines and simplified the rules for renewable energy projects last year. The Commission, which oversees EU trade policy, wants to increase the EU's network of trade agreements, such as those concluded with Chile, Mexico, New Zealand and Mercosur and one it aims to agree with Australia.

☆ TSMC: World's top chip maker mulls global expansion with plants in Europe, Japan
▼ + stars: | 2023-01-13 | by ( Diksha Madhok | ) edition.cnn.com time to read: +2 min

New Delhi CNN —Semiconductor giant Taiwan Semiconductor Manufacturing Company (TSMC) may expand its global manufacturing footprint even further. The company is considering opening its first plant in Europe and a second one in Japan, its CEO CC Wei said in an earnings call on Thursday. TSMC, which produces an estimated 90% of the world’s super-advanced chips, has already upped its investment in the United States. The company announced last year that it’s building a second semiconductor factory in Arizona and raising its investment there from $12 billion to $40 billion. The company is also considering building a second fab in Japan, “as long as the demand from customers and the level of government support makes sense,” he said.

☆ How Amazon's cloud unit is helping researchers analyze genetics
▼ + stars: | 2022-12-28 | by ( Ashley Capoot | ) www.cnbc.com time to read: +6 min

Amazon Web Services recently launched general availability for Amazon Omics, which helps researchers store and analyze omic data like sequences of DNA, RNA and proteins. Amazon Omics helps researchers sort through their data by providing them with three components that they can leverage individually or as a collective. More than a dozen customers and partners tested a beta version of the service and are already using Amazon Omics. He said the department spent five years expanding the infrastructure to analyze omics data, and now it's no longer something they need to build or maintain themselves. C2i is a biotechnology company that's working to use genomic data to develop personalized treatments for cancer.

☆ Goldman Sachs reveals outlook for Greater China tech – and names its top picks for 2023
▼ + stars: | 2022-12-19 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

One segment of the stock market that has been particularly beaten down is the tech sector. Goldman Sachs , however, has a mixed outlook on the sector for 2023. In a note titled "Greater China Tech: Demand outlook by sub-sectors; key indicators and top picks for 2023" on Dec. 9, the bank shared its outlook and top stock picks for the various sub-sectors. Goldman's top picks in the automotive software segment include ThunderSoft, Desay and ArcSoft Corp, while the bank's top pick in the cybersecurity software segment is Beijing Venustech. Smartphones Goldman expects growth in the smartphones segment to remain flattish in 2023, driven by soft shipments in China.

☆ Link’s M&A chain breaks into pieces Down Under
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +2 min

MELBOURNE, Dec 8 (Reuters Breakingviews) - It’s hard to feel bad for well-compensated bankers but Link Administration’s (LNK.AX) M&A advisers at Macquarie (MQG.AX) and UBS (UBSG.S) need some Christmas cheer. On Thursday their client pulled the plug on negotiations for a partial takeover by Canada’s Dye & Durham (DND.TO), effectively accusing its suitor of dithering. Macquarie and UBS did manage Link’s sale of a slug of its 43% stake in mortgage-settlement company PEXA (PXA.AX) and may help distribute the remainder to shareholders. If Link offloads its troubled London unit, the slimmed-down company, worth perhaps A$800 million, could yet attract new interest. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

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