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China's Tencent takes 5 percent stake in electric-car maker Tesla

Tesla Inc , the California-based electric carmaker, said Chinese tech giant Tencent Holdings Ltd acquired a 5 percent stake for $1.78 billion.

Recent Technology News

Fresh funds, acquisition by Industrious give coworking a lift

NEW YORK Industrious, the second-biggest U.S. coworking firm by number of locations, said on Tuesday it acquired a search website for spare office space and raised $25 million in fresh funds as investors bet the shared-office industry grows and goes mainstream.

Deals 11:05am EDT

Uber to end services in Denmark after less than three years

COPENHAGEN Ride-hailing group Uber Technologies [UBER.UL] will withdraw services in Denmark next month due to a taxi law that sets out new requirements for drivers such as mandatory fare meters, the company said on Tuesday.

8:12am EDT

AI to become main way banks interact with customers within three years: Accenture

LONDON Artificial intelligence (AI) will become the primary way banks interact with their customers within the next three years, according to three quarters of bankers surveyed by consultancy Accenture in a new report.

8:45am EDT

Payments company Square launches in the UK

SAN FRANCISCO Square Inc, the payments company led by Twitter Inc Chief Executive Jack Dorsey, has launched in the United Kingdom in its first European foray.

Twitter 6:04am EDT

Ericsson's provisions raise concern over health of business

STOCKHOLM An attempt by Ericsson's new chief executive to lay out his strategy for the Swedish telecoms equipment maker backfired on Tuesday when it exposed problems related to some of its main contracts.

Deals, 9:19am EDT

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