Technology 

Netflix Toronto production hub to create 1,850 jobs annually

FILE PHOTO – The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson/File Photo GLOBAL BUSINESS WEEK AHEAD TORONTO (Reuters) – Netflix Inc said on Tuesday it is creating a production hub with two studios in Toronto that is expected to create 1,850 jobs per year. Netflix will lease Cinespace Studios, a Toronto-based film studio comprising four sound stages, office space and support space that measures 164,000 square feet, and Pinewood Toronto Studios, which measures 84,850 square feet, the streaming company…

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Technology 

Feeling unwelcome, Amazon ditches plans for New York hub

NEW YORK (Reuters) – Amazon.com Inc abruptly scrapped plans to build a major outpost in New York that could have created 25,000 jobs, blaming opposition from local leaders upset by the nearly $3 billion in incentives promised by state and city politicians. The company said on Thursday it did not see consistently “positive, collaborative” relationships with state and local officials. Opponents of the project feared congestion and higher rents in the Long Island City neighborhood of Queens, and objected to handing billions in incentives to a company run by Jeff…

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Technology 

Google extends chip-making efforts to design hub Bengaluru

SAN FRANCISCO (Reuters) – Alphabet Inc’s Google has hired more than a dozen microchip engineers in Bengaluru, India, in recent months and plans to rapidly add more, according to LinkedIn profiles, job postings and two industry executives, as the search firm expands its program to design the guts of its devices internally. A woman walks past the logo of Google during an event in New Delhi, India, August 28, 2018. Picture taken August 28, 2018. REUTERS/Adnan Abidi The Bengaluru site, which has not been previously reported, makes Google the first…

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Technology 

Alibaba signs agreement with Belgium for e-commerce trade hub

Robots operated by Alibaba’s logistics unit Cainiao, move parcels at a new automated guided vehicles (AGV) warehouse inside the hub of delivery company YTO Express, in Hangzhou, Zhejiang province, China September 14, 2018. REUTERS/Stringer BEIJING (Reuters) – Alibaba Group Holding Ltd said on Wednesday it has signed an agreement with the Belgium government to launch an e-commerce trade hub, which will include investments in logistics infrastructure. The project is part of Alibaba’s Electronic World Trade Platform (eWTP) and the company has made similar agreements in Southeast Asia and Africa. Alibaba’s…

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Top stories 

Britain’s first specialist wound hub to open

Image caption The centre will trial a new dressing, which can be used in conflicts to heal skin with less scarring Terror attack victims and injured soldiers are among those set to benefit from Britain’s first specialist wound research centre. Staff are developing new techniques to treat burns, with the goal of achieving scar-free healing within a generation. It will also give mental health support to those with physical injuries. The Centre for Conflict Wound Research at Birmingham’s Queen Elizabeth Hospital will be opened by the The Countess of Wessex…

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Technology 

Web Summit helping Lisbon to ‘reboot’ as tech start-up hub, says founder

Web Summit’s co-founder Paddy Cosgrave gestures during an interview with Reuters on the day of the inauguration of Web Summit, Europe’s biggest tech conference, in Lisbon, Portugal, November 5, 2018. REUTERS/Pedro Nunes LISBON (Reuters) – Web Summit, Europe’s biggest technology conference, is helping to stoke a “reboot” of Portugal’s capital city as a start-up hub as the country continues its emergence from a crippling debt crisis, the event’s founder said. The Lisbon summit has put the city on the world technology map, with various visiting businesses settling here after being…

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Technology 

London’s popularity as tech hub slumps ahead of Brexit

LISBON (Reuters) – London’s popularity among Europe’s tech startup hubs has slumped as Brexit approaches and the city only kept its top spot in an European industry survey published on Tuesday by a narrow margin. Canary Wharf skyline and the City of London can be seen from the Sea Containers building in London, Britain, October 11, 2018. REUTERS/Henry Nicholls The survey of 540 tech founders showed that London’s popularity dropped to 41 percent in 2018 in a weighted vote, down from 55 percent in 2017. Berlin followed with 40 percent,…

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Technology 

Santander UK to build $200 million tech hub in Milton Keynes, England

LONDON (Reuters) – Santander UK said on Friday it would build a new technology hub in the English town of Milton Keynes, representing an investment of 150 million pounds ($196.82 million). The proposed new site is expected to house over 5,000 staff, and replace the bank’s existing offices in the area. A planning application will be submitted for the development in 2019, Santander UK said, and subject to approval the hub is expected to open in 2022. Nathan Bostock, Chief Executive of Santander UK, which is owned by Spain’s Banco…

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Technology 

Facebook plans innovation hub in China despite tightening censorship

BEIJING (Reuters) – Facebook has set up a subsidiary in China and plans to create an “innovation hub” to support local start-ups and developers, the social media company said on Tuesday, ramping up its presence in the restrictive market where its social media sites remain blocked. FILE PHOTO: A Facebook panel is seen during the Cannes Lions International Festival of Creativity, in Cannes, France, June 20, 2018. REUTERS/Eric Gaillard/File Photo The subsidiary is registered in Hangzhou, home of e-commerce giant Alibaba Group Holding Ltd, according to a filing approved on…

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Technology 

Can India become an AI hub for the developing world?

Image copyright Getty Images Image caption India is the latest country to join the race to lead in AI A recent report on artificial intelligence (AI) by an Indian government think tank foresees the country as an AI hub for the developing world. Research analyst Shashank Reddy writes about the possibility of that happening. India is the latest country to join the race to lead the AI revolution, which is still in the making. The world’s richest – and most powerful – countries have long been in this competition. It…

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