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Tech`s news

WASHINGTON/DETROIT (Reuters) - U.S. vehicle safety regulators have said the artificial intelligence system piloting a self-driving Google car could be considered the driver under federal law, a major step toward ultimately winning approval for autonomous vehicles on the roads. more...


Global economic uncertainty and worries about weak spending on information technology are forcing investors in cloud computing stocks and related enterprise companies to take a reality check. The deep selloff, sparked last week after business analytics company Tableau Software Inc gave a dismal sales outlook, has put a dent in earnings multiples of several marquee business technology names. Cloud-related stocks have rewarded investors handsomely in the long term, with an index of 44 cloud-related stocks tracked by venture capital firm Bessemer Venture Partners up 84 percent over the past five years, compared with the S&P 500's rise of 49 percent. more...


By Dustin Volz and Mark Hosenball WASHINGTON (Reuters) - President Barack Obama on Tuesday sought a surge in funding to counter cyber security threats, as his top intelligence official warned Congress that computer attacks were among the most imminent security challenges facing the United States. In his fiscal 2017 budget proposal, Obama asked for $19 billion for cyber security across the U.S. government, an increase of $5 billion over this year While the White House's overall fiscal plan faces tough going in the Republican-controlled Congress, increased cyber security funding has won bipartisan support of lawmakers in the past. The request comes as the Obama administration has struggled to address the growing risk posed by criminals and nation states in the digital world. more...


By Saqib Iqbal Ahmed NEW YORK (Reuters) - The crash in LinkedIn Corp's shares last week has many traders in the options market braced for an unusually violent reaction from Twitter Inc and Pandora Media Inc's shares after the companies report results this week. LinkedIn shares dropped 44 percent on Friday, wiping out nearly $11 billion of market value, as investors balked at a disappointing revenue forecast. Traders in Twitter and Pandora options are pricing post-earnings share moves that are more volatile than normal for the companies. more...


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