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Uber has launched a new service called UberCentral that lets business request door-to-door rides for their clients / customers. Instead, this is meant to position Uber as an indispensable convenience for any number of business that frequently transport customers to and fro. You've got your obvious examples like hotels and car dealerships or repair shops, sure, but the company also sees UberCentral as a useful tool for senior centers and high-brow retailers.
(Reuters) - Microsoft Corp said it would cut about 2,850 more jobs over the next 12 months, taking its total planned job cuts to up to 4,700, or about 4 percent of its workforce. The company said in May it would cut 1,850 jobs in its smartphone business, most of them in Finland. Microsoft bought Finland-based handset maker Nokia in 2014 in an ill-fated attempt to take on market leaders Apple Inc and Samsung Electronics Co Ltd . Chief Executive Satya Nadella, who took the helm just two months before the deal closed, has since focused on restructuring the struggling phone business. ...
Matt Damon is one of those actors who has become one of the most recognizable and bankable stars in the movie industry. Burger Fiction has put together a great 13-minute supercut of all the times Matt Damon appeared in film and television, capturing both his range of roles and maturation as a living organism. The clip starts all the way back in 1988 with a young Matt Damon appearing in Mystic Pizza all the way to older, grizzled Matt Damon in this week’s movie Matt Damon Beats Up Bad Guys, or as the marketing materials call it, Jason Bourne.
The company says its All Access and Showtime subscription services have 2 million total subscribers, with user bases evenly split between the two. "That’s well ahead of where we’d thought we’d be this early in the game," CBS CEO Les Moonves said today on the company's quarterly earnings call, according to The Wrap. All Access was the first internet TV service to launch from one of the major big-name networks. With the addition of Showtime OTT (over-the-top) in July 2015, the network has a viable and relatively inexpensive set of options for interested viewers to stream CBS programming live and on-demand.
LG Display will spend around $1.7 billion to build a new production line for making flexible OLED smartphone screens. Flexible smartphone screens, which go into phones like the curved Galaxy S7 Edge, are becoming increasingly popular, and they seem likely to become a dominant style in a few years. The production line will be installed at the same OLED display factory that LG announced plans to build, for around $8.9 billion, last November.
Alphabet Inc, Google's parent, posted a 21.3 percent increase in second-quarter revenue, exceeding analysts' expectations, as the tech giant continued to nudge its vast advertising business toward mobile and capitalized on the boom in video. The sharp revenue growth suggests that Google is successfully navigating the high-stakes transition from desktop to mobile advertising, said Colin Gillis, an analyst with BGC Partners. Advertisers typically pay less for user clicks on mobile ads than on desktop ads, Google's traditional strength, but the strong earnings performance suggest that is beginning to change, he said.
MOUNTAIN VIEW, Calif. (AP) — Alphabet Inc. (GOOGL) on Thursday reported second-quarter earnings of $4.88 billion.
(Reuters) - Baidu Inc , China's largest Internet search company, posted its steepest-ever quarterly profit decline and slowest growth in revenue in nearly eight years, hit by a healthcare scandal that ensnared the company this year. Public uproar has hounded Baidu after a student suffering from a fatal form of cancer blamed the company for directing him to suspect and ultimately ineffectual treatment. Regulators responded by slapping curbs on the firm's lucrative healthcare advertising business, spurring Baidu to lower its revenue forecasts for the second quarter.
A company called iPatrol has released a sentry robot called Riley that will cruise around your home on tank tracks with an HD camera, but without the requisite weapons to deter intruders (unless the intruder is a small animal). Riley also comes with a dock for charging, and the tank treads can be swapped out for different colors — because let's be honest, this is a toy mainly for kids and not something an intruder is going to be deterred by. You can purchase Riley today from iPatrol's website.
Until last year, Amazon was known as much for its ubiquity in online retail as it was for the bold and expensive visions of CEO Jeff Bezos. Many of those investments, like in cloud computing, have become huge and profitable businesses. Now, however, Amazon appears to have hit its stride as Bezos' long-term visions for the future begin paying off big time.
Alphabet, the umbrella for Google’s core business, as well as its riskier "Other Bets," posted its second-quarter earnings today. Both of those areas saw better growth rates than last year, an impressive feat given Google’s increasingly massive scale. Other Bets, made up of Alphabet’s so-called moonshot projects, reported $184 million in revenue, more than double the $74 million it booked during this same three-month period last year.
Amazon.com Inc posted strong results across its older and newer businesses on Thursday as global Web retail sales and cloud services topped Wall Street targets and the world's largest online merchant forecast revenue would outpace expectations in the current quarter as well. The Seattle-based company is riding a wave of retail sales moving to the internet, and its Netflix-like video streaming is bringing new customers to its subscription Prime service, which in turn drives customers to spend more on Amazon. The cloud unit, Amazon Web Services, is the company's fastest-growing business and is regarded by analysts as the next driver of growth for the company.
(Reuters) - Expedia Inc reported lower-than-expected quarterly revenue due to higher promotions for its member loyalty program and discounts to promote new hotel listings, sending the company's shares down more than 6 percent in extended trading. Expedia, which owns a majority stake in Trivago, and the founders of the travel website have agreed to explore the feasibility of taking the business public, Expedia said. The world's largest online travel services company said its bookings in the latest quarter slowed due to the acquisition of rival Orbitz Worldwide Inc, "self-inflicted" wounds such as technology upgrades and the recent spate of attacks in Europe.
Hyperloop One is celebrating the grand opening of what it calls "the world’s first Hyperloop factory," just two weeks after one of its co-founders filed a lawsuit against the company, claiming, among other things, that a noose was left on his desk.
TechRepublic's Dan Patterson and podcaster Justin Robert Young discussed the latest hacks on the DNC and why attacks are becoming more common.
Anyone that has worked with Drupal, Joomla, or Xoops knows how powerful, and how frustrating, they can be. But there's a solution that could turn these platforms into massive successes.
More changes are underway at Apple's secretive electric car division. According to Bloomberg, the team has brought on Dan Dodge, the former head of BlackBerry's automotive software group who joined the Canadian phone maker in 2010 when it acquired his operating system company QNX. Dodge is the first high-profile hire by Bob Mansfield, the retired Apple hardware exec who was brought back this year to lead development on Project Titan, the code name for Apple's car efforts.
Repetition is a powerful tool for both filmmakers and teachers, and Professor Werner Herzog wants you to know two things: he doesn't have a cell phone (later he will tell you that he does, but only for emergencies) and he didn't know movies existed until he was 11. It's a provocation of sorts — after all, who would trust a man without a cell phone to direct a documentary about our connected world?
The Fédération Internationale de l'Automobile (FIA), F1's governing body, has scrapped its plan to introduce partially closed cockpits for the 2017 season, according to a statement released today. The FIA made its decision after the racing series' "Strategy Group" — which is made up of F1's president, its CEO, and the heads of the top six teams — voted against the plan at a meeting in Geneva early on Thursday. While the drivers of major racing series like NASCAR or WEC compete from inside totally enclosed cockpits, there are others — like IndyCar and F1 — where the drivers heads remain exposed.
Carol Highsmith files suit against the photo agency, alleging "gross misuse" of her nearly 19,000 America-themed photos, which she had donated to the Library of Congress for everyone's use.
The unveiling of Samsung's next Gear smartwatch may be just around the corner. SamMobile is reporting that Samsung has plans to unveil the Gear S3 at this year's IFA, a major trade show in Berlin that begins September 2nd. There are no details yet on what Samsung may have changed this time around, but SamMobile says the S3 will stick with its predecessor's much-praised rotating bezel design.
How to defend against attackers and avoid ransom demands.
The new flick from "House of Flying Daggers" director Zhang Yimou, China's biggest ever movie, shows how Hollywood is looking east.
With the crafting system, you could build homes, shops, and entertainment, providing residents of the Commonwealth a safe place they could call home. In the game’s latest add-on, called “Vault-Tec Workshop,” the entire experience is centered on this mechanic, but with one fascinating twist: you can finally build the twisted Fallout vault of your dreams. While on the surface the world has gone to hell following years of nuclear war, these underground bunkers remain isolated little pockets of humanity.
Scientists get a closer look at a strange purple sphere found in the ocean and have some ideas about its origins.
SAN JOSE, Calif. (AP) — Court documents show Facebook has agreed to allow users to request refunds of in-app purchases made by minors as part of a settlement of a class-action lawsuit.
The Apple store is the most recent addition, after Whole Foods and Equinox, to the increasingly high-end area.
Mercedes-Benz and Daimler Trucks yesterday unveiled a prototype called the Urban eTruck, a heavy-duty all-electric truck meant to be used in and around big cities. The two brands, which are both overseen by Daimler AG, hope to begin production in the early 2020s. The eTruck is based off of an existing three-axle Mercedes-Benz truck that typically handles short-range deliveries.
Disney has plans to reboot its 1991 cult classic The Rocketeer — but with a modern twist. The Hollywood Reporter reports that the studio is developing the movie, this time called The Rocketeers, with a black female lead in mind. According to THR, the new effort is being written by screenwriting partners Matt Spicer and son of The Fonz Max Winkler. The film is still early in its development, but Disney has reportedly been bullish on the project since seeing fans of the original come out in force to a screening celebrating the original's 20th anniversary.
Scientists in Belgium turned urine from festival goers into drinkable water for the purposes of making beer. But would you drink it?
The airline is finally coming out with a mobile app, which features all the usual things along with one that's a little unusual -- tunes for your trip.
By Mathieu Rosemain PARIS (Reuters) - French media giant Vivendi is considering suing Mediaset for defamation after the Italian broadcaster denounced what it sees as an unacceptable u-turn on a deal regarding its pay-TV arm Premium. "Vivendi reserves the right to sue Mediaset for defamation," a Vivendi spokeswoman told Reuters by phone on Thursday. "Mediaset's statements undermine the reputation of Vivendi.
As Pokémon Go continues its huge surge of international popularity, there have already been a wide variety of creative methods from various players who have tried in various ways to beat the system, from drones to phone cases to just outright trying to sell accounts. Instead of using software to spoof the GPS data being fed to the Pokémon Go app, this latest method involves placing the phone in a radio-frequency-shielded box, and using a signal generator to generate a fake GPS signal which the phone, (and therefore, the Pokémon Go app), receives and uses as the "location" of the device. First is the fairly major issue of needing to have a signal generator, RF-shielded box, and a few other eclectic pieces of hardware that the average person probably doesn’t have lying around, along with the programming skills to get everything up and running.
NEW YORK (AP) — Software mogul Larry Ellison once famously mocked cloud computing as a fad. Now his company, Oracle, will spend $9.3 billion to acquire cloud upstart Netsuite.
If you want to be seen as a tech-forward company, partnering with MIT is a pretty great way to do that.
DirecTV is expanding the availability of NFL Sunday Ticket for college students. Last year, students at most 4-year colleges could subscribe to the standalone football streaming package — without any satellite service required. This season, DirecTV is opening it up further to include to everyone at 2-year institutions as well.
Samsung extended its lead in the global smartphone market over Apple in the second quarter, gaining from the launch of its updated flagship handsets, surveys showed Thursday. The South Korean giant delivered 77 million smartphones in the quarter, up 5.5 percent from a year ago, for a market share of 22.4 percent, research firm IDC said. Samsung got a lift from the March launch of its Galaxy S7 and S7 Edge flagship models, with an upgraded processor, waterproofing and other features, IDC noted.
...Even though the companies behind the cameras might be evil money-grubbers hell bent on fleecing municipalities and citizens alike.
By Tim McLaughlin BOSTON (Reuters) - The manager of Fidelity's OTC Portfolio, a top investor in Tesla Motors Inc and SolarCity Corp, gave the electric automaker's strategies a vote of confidence in his most recent commentary to fund shareholders. "We are fans not just of Tesla products but of the concepts underpinning the firm and potential future partnerships ahead of it," Fidelity Securities Fund Over the Counter Portfolio manager Gavin Baker said in his quarterly commentary for investors. "We foresee fruitful synergies between Tesla and any company in search of superior battery technology, and we modestly increased our position this quarter." The commentary, posted on Wednesday on Fidelity's website, comes as Tesla and SolarCity Corp are in the final stages of putting together an estimated $2.8 billion merger.
The two groups signed an agreement in April, which would give Vivendi full control of Mediaset's pay-TV unit Premium and hand the two companies a 3.5 percent stake in each other. The board of the Milan-based group said it would seek damages from Vivendi and would even consider criminal action against them for their abrupt u-turn on the terms of the deal. Mediaset, controlled by the family of former prime minister Silvio Berlusconi, said it rejected an alternative proposal Vivendi made earlier in the week, saying it was "unacceptable because it is incompatible with the binding contract." In turn, Vivendi said it was considering suing Mediaset for defamation as its statements undermined the French group's reputation.
Michael Tamblyn (Twitter)An FCC listing last month made us think Kobo might be preparing to release two new e-readers. Were we dreaming? Were those FCC listings actually filed or just figments of our hype-fueled imaginations? Apparently they were real, as indicated by Kobo CEO Michael Tamblyn in a tweet yesterday. Great news for booklovers coming soon from @kobo. Keep your eyes wide open mid-August! #OpenUpKobo pic.twitter.com/UeKXU5bNmD— Michael Tamblyn (@mtamblyn) July 27, 2016That’s like 89 percent pebbles and 11 percent new Kobo device. So what can we deduce from this? Blue power button. ...
At the Television Critics Association Press Tour, Netflix’s chief content officer Ted Sarandos announced that the company will be releasing the first seasons of Iron Fist and the team-up Defenders, with the next seasons of the other shows coming after. Of course, this assumption only holds if Netflix continues with the same release schedule.
Oracle, whose co-founder Larry Ellison already had a 40 percent of NetSuite, is purchasing the company to bolster its cloud-computing lineup.
La cuenta @AppStoreES servirá para que los hispanohablantes descubran nuevas aplicaciones para iPhone, iPad, Apple Watch, Apple TV y Mac.
Lockheed Martin's Skunk Works division has created a robot that can find and repair tiny holes on blimps. The Self-Propelled Instrument for Airship Damage Evaluation and Repair, known as Spider, is designed to work with Lockheed's new hybrid airship, which is essentially a giant blimp designed to move heavy cargo into areas without proper roads. It's unclear if Lockheed has begun sharing its technology with other companies, but there's no doubt the airship industry will want to get its hands on the Spider.
Nestle said it is teaming up with Samsung in a research project to explore the potential of nutrition science and digital sensor technologies. The companies said on Thursday they are developing a new digital health platform to provide individuals with more personalised recommendations around nutrition, lifestyle and fitness. Health has become an increasing focus for Nestle in recent years, generating estimated sales of about 4 billion Swiss francs ($4.08 billion) out of Nestle's total 88.8 billion francs in 2015.
The new Apple Store will take up residence in the underground transit hub servicing Manhattan's downtown area.
This spring’s Batman v Superman: Dawn of Justice was designed to kickstart (again) the formation of a new DC movie universe, but failed to meet box office expectations. DC and Warner Bros. have reacted to by reportedly adding humor to the upcoming Suicide Squad and Justice League films.
Earlier this week, I awarded The Verge’s highest ever score, 9.4, to the extraordinary Focal Utopia headphones. Custom earphones have been around for a long while, and their premise couldn’t be simpler. Instead of throwing a dozen different types and sizes of tips your way, customs are designed for the specific shape of your ear canal — they’re like a tailor-made audio suit, basically.
They posit that Mercedes' advertising is promising much more than the car's semi-autonomous systems are capable of.
Amazon's Alexa has been able to control some smart home products, like Belkin WeMo switches or certain Wi-Fi-connected lightbulbs, for many months, but the intelligent assistant hasn't been able to control your doors. Amazon said this morning that it has partnered with San Francisco-based hardware startup August to allow Alexa to control August door locks. This means that you can say to your Amazon Echo speaker, "Alexa, lock the door" and, provided that your Amazon and August devices are connected to the same Wi-Fi network, the door will lock.
Mercedes-Benz has defended an advertising campaign for its new E-Class against allegations that consumers were being misled about the car's self-driving capabilities, the latest backlash by consumer groups in the wake of a fatal Tesla accident. Consumer groups warned car buyers not to rely too heavily on advanced cruise control systems, which use computers and sensors to automatically steer and brake, following a fatal crash by a Tesla car operating in "autopilot" mode. The ensuing investigation of the Tesla accident by the U.S. National Highway Traffic Safety Administration (NHTSA) has increased scrutiny of automated driving technology and the claims made about it by carmakers seeking to push sales.
Remember last week when late night host Stephen Colbert brought back the character of Stephen Colbert, the star of Comedy Central’s faux-conservative talk show The Colbert Report? Apparently Comedy Central’s lawyers do. To appease the lawyers, Colbert retired his famous Stephen Colbert character, only to follow it with the immediate reveal of that character’s "twin cousin" also named Stephen Colbert.
Nvidia’s had a year so far. Both its GTX 1080 and 1070 graphics cards brought the gamers to the yard and then it announced its impressive Titan X. The P6000 is now Nvidia's best card, but it likely won't do much for you unless you're into 3D rendering or processing lots of images daily.
Jaunt, one of the bigger names in virtual reality filmmaking right now, has partnered with the e-sports league ESL to film a series of short 360-degree documentaries about its biggest tournaments. The first of those documentaries is called CLG: Win Everythin’ (typo intentional) and follows the team Counter Logic Gaming during a League of Legends competition. The documentary is just over five minutes long and is available now through Jaunt's apps and on the web (you can see it in the embed above).
America Movil will cut its stake in Telekom Austria by 7.8 percentage points to just over 50 percent, it said on Thursday, ahead of an end of year deadline to reduce its holding and increase the Austrian firm's free float. The announcement came the same day that Citigroup said it was launching an issue of bonds exchangeable into 7.8 percent of Telekom Austria's shares, but America Movil's brief statement made no link to that issue. America Movil became the majority owner of Telekom Austria through a billion-dollar takeover offer in July 2014 that marked Mexican tycoon Carlos Slim's first successful venture into Europe.
Hyperloop Transportation Technologies (HTT) announced today that it will build an “innovation train” for Germany’s Deutsche Bahn, the largest railway operator in Europe. The train will not be a super-fast hyperloop, in which pods are propelled through aluminum tubes at speeds of up to 760 mph, but a conventional train that includes some of the futuristic technologies the startup has been showcasing at tech conferences around the world. As a startup that relies on crowdsourcing and volunteer engineers, the collaboration with Deutsche Bahn may allow HTT to start generating revenue while it works toward the larger goal of building passenger-ready hyperloop systems.
"Does the internet dream of itself?" is the logline for director Werner Herzog’s new documentary, Lo and Behold: Reveries of the Connected World. While the doc gradually speculates on some grim theoretical outcomes of our era, it begins with a charming tale about the origins of the internet. In this exclusive clip, UCLA professor Leonard Kleinrock enters room 3420, "a sacred location where the internet began" in 1969.
More than 300 Kickstarter products are getting a boost, as Amazon Launchpad announced the creation of its Kickstarter Collection on Thursday.
Oracle Corp said on Thursday it would buy NetSuite Inc for about $9.3 billion, a deal that gives it a bigger share in the fast-growing cloud computing business and also means a big payday for billionaire Larry Ellison. In addition to being Oracle's executive chairman, entities Ellison beneficially owns hold about 40 percent of NetSuite's shares as of February, according to a regulatory filing. Corporate governance consultants said his links to both companies would increase scrutiny of the deal, but added its structure and strategic sense for Oracle meant it would likely pass.
“I remember everything,” Jason Bourne says in voiceover at the beginning of his latest movie. After three films in a row focused on Bourne (Matt Damon) trying to recover the memories of how he became an amnesiac CIA assassin (not counting 2012’s The Bourne Legacy, in which Bourne didn’t appear at all), this should be a huge step forward in his life.
Ride-sharing apps such as Uber and Apple-backed rival Didi Chuxing will be officially legal from November.
Oculus Story Studio, founded by vets of Disney's animation giant, hints its next project will experiment with letting you touch the story.
It’s a $100 phone that you can get for $50 if you agree to let Amazon display ads on your lock screen and in your notification tray. The whole reason this phone is so stupid cheap is because of those Amazon ads. Every time you wake the phone there's an ad on the lock screen.
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.
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 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.
"When Dinesh met Gilfoyle, sparks flew." It's the Pied Piper rom-com you've been dreaming of, and it's coming soon, according to this parody trailer from HBO Home Entertainment.
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.
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.
El reportero Evan Blass asegura que está confirmado el día en el que comenzarán a venderse los nuevos iPhone, por lo cual es más que probable que el evento otoñal de Apple sea esa misma semana.
Amazon this week launched a page dedicated to Kickstarter projects, collecting more than 300 products under a single hub. The new Kickstarter Collection is now available at Amazon Launchpad, the company's digital storefront for hardware startups and crowdfunded projects. Successful Kickstarter projects available on the new page include Piper, Zivix, and Prynt, and they cover a wide range of products.
For those disappointed with their photo-snapping skills, Microsoft is offering a new app to make every shot a perfect photo. Microsoft Pix takes a burst of 10 photos and its artificial intelligence automatically gets to work, acting as a virtual Photoshop. If the app deems any motion detected during the photo session worthy, it pulls it out to make a looping video through its Live Image feature.
LG’s G5 misstep has been a drag on the Korean company’s finances this year, and so its latest earnings report chooses to draw attention elsewhere: toward a new V series device coming in the next quarter. Recording a $132 million operating loss from its mobile division over the past three months, LG says it has met with "increased marketing expenditures and somewhat slow initial sales of G5 smartphone." The company did improve its total phone shipments by 3 percent, and it hopes that its upcoming launch of "the new V series" and a number of of mass-market devices will help right the ship.
Apple announced Wednesday the sale of its billionth iPhone, a milestone for the company as it seeks to keep momentum in a competitive smartphone market. "IPhone has become one of the most important, world-changing and successful products in history," he said in a statement. IPhone is truly an essential part of our daily life and enables much of what we do throughout the day.
Sony has announced that it's entered into negotiations to sell its battery business to Murata, a Japanese components company that plans to use the purchase to expand its energy operations. The sale is expected to include the Sony Energy Devices Corporation subsidiary as well as Sony's manufacturing operations in China and Singapore, though certain products like Sony's branded USB chargers and alkaline batteries will remain under the company's umbrella. Sony's battery business is a part of its Devices division, which also includes image sensors and other components.
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.
South Korea's government plans to expand tax benefits for research and development of robotics and other technologies as it seeks out industries that could become new economic growth engines. Up to 30 percent of R&D expenses will be tax deductible for companies across 11 key sectors starting 2017, the Ministry of Strategy and Finance said in its annual review of the tax code on Thursday. Spending on development of artificial intelligence technologies, flexible displays, 3-D printing, and hyper-plastics are some of the areas subject to the tax code revision, it said.