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Acquisitions accelerate as tech giants seek to build AI smarts

SAN FRANCISCO A total of 34 artificial intelligence startups were acquired in the first quarter of this year, more than twice the amount of activity in the year-ago quarter, according to the research firm CB Insights.

Recent Technology News

China LeEco's sports unit says valued at $3.5 billion after new funding round

BEIJING/SHANGHAI Chinese tech conglomerate LeEco's sports unit said it completed a new round of funding that valued it at 24 billion yuan ($3.50 billion) and that its investors will form a new committee to supervise its finances.

Deals May 26 2017

Yahoo hacking suspect appeals denial of bail in Canada

TORONTO A Canadian suspected of involvement in a massive 2014 breach of Yahoo email accounts linked to Russia is appealing a decision to hold him in custody pending an extradition hearing, the man's lawyer said on Friday.

May 26 2017

Italian court overturns Uber ban

ROME A Rome court annulled a short-lived ban on ride-hailing app Uber on Friday in the latest twist to a battle between the San Francisco-based multinational and Italy's traditional taxi cabs.

May 26 2017

Coinbase suffers outages amid bitcoin surge

Coinbase said on Thursday it suffered outages this week as the bitcoin exchange saw "unprecedented traffic and trading," with the digital currency hitting record levels.

May 25 2017

Global chat platform Kik to launch digital currency

NEW YORK Kik Interactive, which created the chat platform Kik, said on Thursday it was launching a crypto-currency or token called Kin that would enable customers to use a whole range of digital services.

May 26 2017

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