Apple Wins $502 Million VirnetX Patent Infringement Reversal

March 31 (Reuters) – Apple Inc (AAPL.O) on Friday convinced a US appeals court to overturn a $502 million judgment for patent licensing company VirnetX Inc (VHC.N) in a long-running battle over internet privacy technology. The US Court of Appeals for the Federal Circuit said the verdict could not stand after the US Patent Trial … Read more

Canada approves C$20 billion Rogers-Shaw deal under difficult circumstances

March 31 (Reuters) – Canada on Friday approved Rogers Communications Inc’s acquisition of Shaw Communications for C$20 billion ($14.8 billion) after making binding commitments to pay financial penalties if the company fails to deliver new create jobs and invest to expand its network. The latest nod from Minister of Innovation, Science and Industry Fran├žois-Philippe Champagne … Read more

Exclusive: US regulator aims to sell Silicon Valley Bank, Signature Bank portfolios, sources say

NEW YORK/WASHINGTON, March 31 (Reuters) – The Federal Deposit Insurance Corporation (FDIC) has hired advisers to sell the securities portfolios rejected by the new owners of the bankrupt Silicon Valley Bank and Signature Bank, according to people in the know with the case. The portfolios consist of low-interest assets, such as government bonds and U.S. … Read more

US advocacy group asks FTC to stop new OpenAI GPT releases

WASHINGTON, March 30 (Reuters) – The technology ethics group Center for Artificial Intelligence and Digital Policy is asking the US Federal Trade Commission to stop OpenAI from releasing new commercial releases of GPT-4, which has puzzled some users and caused others suffering with his quick and humane responses to questions. In a complaint to the … Read more

China’s JD.com privatizes $1 billion industrial property units in Hong Kong

March 30 (Reuters) – E-commerce firm JD.com Inc (9618.HK) plans to spin off its real estate and industrial units and list them on the Hong Kong stock exchange in deals worth $1 billion each , two people with direct knowledge said Friday. The plan marks the latest revamp in China’s technology sector after a sweeping … Read more

Japan is going to restrict exports of chip making equipment as it complies with US and China restrictions

TOKYO, March 31 (Reuters) – Japan’s government said on Friday it plans to restrict exports of 23 types of semiconductor manufacturing equipment, aligning controls on technology trade with US pressure to boost China’s ability to make advanced chips. curb making. The trade and industry minister said in a press release that it will impose export … Read more

Alibaba decides on control of new business units after IPO

SHANGHAI/HONG KONG, March 30 (Reuters) – Alibaba Group (9988.HK) said on Thursday it will try to monetize non-core assets and consider relinquishing control of some companies as the Chinese tech conglomerate reinvents itself after a regulatory crackdown that wiped out 70% of its stock. Daniel Zhang, CEO of the group, said breaking up the company … Read more

Adidas withdraws its opposition to Black Lives Matter’s three-stripe design

March 29 (Reuters) – Sportswear manufacturer Adidas AG (ADSGn.DE) turned down Wednesday 48 hours after the request to the US Trademark Office to reject a Black Lives Matter application for a trademark with three parallel stripes. “Adidas will withdraw its opposition to the Black Lives Matter Global Network Foundation’s trademark application as soon as possible,” … Read more

The US FDIC is telling Signature Bank’s crypto customers to close accounts before April 5

March 28 (Reuters) – The US Federal Deposit Insurance Corp (FDIC) has informed collapsed lender Signature Bank’s (SBNY.O) crypto clients that they have until April 5 to close their accounts and move their funds. The deposits in question were not part of a rescue deal entered into earlier this month with Flagstar Bank, a unit … Read more

JPMorgan’s Jamie Dimon to be impeached in Epstein case, prosecutors’ attorney says

March 28 (Reuters) – JPMorgan Chase & Co (JPM.N) CEO Jamie Dimon will be interviewed under oath in connection with the bank’s relationship with Jeffrey Epstein, the late sex offender and a former client, said a lawyer who involved in the trial on Tuesday. The statement is expected to come out in early May, according … Read more