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/ Oct 15, 2017

U.S. rejects French proposal on taxing tech companies

The United States does not support a French proposal to tax the gross revenues of international tech corporations like Google and Amazon, Treasury Secretary Steven Mnuchin said Saturday. The remarks come as European officials say Washington has softened in recent days on a point that ...

/ Oct 14, 2017

U.S. moves closer to EU position on taxing tech giants

Washington is softening its position on European plans to impose taxes on U.S. tech giants such as Apple and Google, officials said this past week. The evolving attitude in recent days would mark a stark shift from American officials' frustration at previous efforts by European ...

SoftBank leads $93 million investment in AI startup Petuum

/ Oct 11, 2017

SoftBank leads $93 million investment in AI startup Petuum

SoftBank Group Corp. is leading a $93 million (about ¥10.4 billion) investment in a startup that simplifies for companies the use of machine learning or deep learning applications at scale. Petuum Inc., based in Pittsburgh, makes artificial intelligence software that can be used by a ...

Dubai touts tech prowess, from flying taxis to robocops

/ Oct 10, 2017

Dubai touts tech prowess, from flying taxis to robocops

From flying taxis to Batman-style surveillance motorcycles, Dubai's GITEX expo this week showcased innovations that were symbols of the city-state's ambitions to be a metropolis of the future. Known for its futuristic skyline and artificial islands, Gulf emirate Dubai has carved out a place alongside ...

/ Oct 10, 2017

Morocco set to test French-backed 'fastest train in Africa'

Engineers in Morocco are preparing to test the Arab world's first high-speed railway this week with trains reaching 320 kph (200 mph), the country's rail office said Monday. One train reached 275 kph (170 mph) on Monday along a stretch of track between the northern ...