internet

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By Alexandria Sage and Arathy S Nair SAN FRANCISCO (Reuters) – Cisco Systems Inc said it would cut nearly 7 percent of its workforce, posting charges of up to $400 million in its first quarter, as the world's largest networking gear maker shifts focus from its legacy hardware towards higher-margin software. The gradual move to fast-growing sectors such as security, the Internet of Things and the cloud is a response to sluggish demand for Cisco's traditional lineup of switches and routers from telecom carriers and enterprise customers, amid intense competition from companies such as Huawei and Juniper Networks Inc. Savings from up to 5,500 job cuts would be reinvested into key growth areas, Cisco said. “We think this is partly an effort by (CEO) Chuck Robbins to put a stake in the ground and send a message that this is going to be a leaner, meaner Cisco that is focused on driving software and recurring revenue business,” said Guggenheim Securities analyst Ryan Hutchinson.

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By Joseph Menn and Yeganeh Torbati SAN FRANCISCO/WASHINGTON (Reuters) – Iranian hackers have compromised more than a dozen accounts on the Telegram instant messaging service and identified the phone numbers of 15 million Iranian users, the largest known breach of the encrypted communications system, cyber researchers told Reuters. The attacks, which took place this year and have not been previously reported, jeopardized the communications of activists, journalists and other people in sensitive positions in Iran, where Telegram is used by some 20 million people, said independent cyber researcher Collin Anderson and Amnesty International technologist Claudio Guarnieri, who have been studying Iranian hacking groups for three years. Telegram promotes itself as an ultra secure instant messaging system because all data is encrypted from start to finish, known in the industry as end-to-end encryption.

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By Deborah M. Todd SAN FRANCISCO (Reuters) – Warren Buffett struck media gold with a 2012 investment in debt-laden Media General Inc. Now the famed investor may try to reprise that success by supporting a bid for Yahoo Inc's Internet assets. The Berkshire Hathaway Inc chairman is backing a consortium that includes Quicken Loans Inc founder Dan Gilbert, that is seeking to buy Yahoo's online portfolio, Reuters reported on Friday. The consortium is in the second round of bidding in the auction for Yahoo's assets, people familiar with the matter said.

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By Matthew Miller and Paul Carsten BEIJING (Reuters) – Facebook's co-founder and CEO Mark Zuckerberg met China's propaganda tsar Liu Yunshan in Beijing on Saturday as part of a charm offensive in one of the few markets where the social network cannot be accessed. The rare meeting, reported by China's state news agency Xinhua, suggests warming relations between Facebook and the Chinese government, even as Beijing steps up censorship of and control over the Internet.

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By Caroline Copley HANOVER, Germany (Reuters) – It's not just computers and mobile phones that are vulnerable to cyber attack, according to software firm Trend Micro. As more devices are hooked up to the Internet, it could be anything from medical equipment to industrial machinery – and even sex toys. To illustrate the point, Trend Micro spokesman Udo Schneider surprised journalists at a news conference this week by placing a large, neon-pink vibrator on the desk in front of him and then bringing it to life by typing out a few lines of code on his laptop.

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Europe's antitrust chief dismissed on Friday accusations of anti-U.S. bias over her decision to go after Google for abusing its Internet search dominance and Apple over an Irish tax deal, saying such talk was a fallacy. European Competition Commissioner Margrethe Vestager's robust defense of her actions came after she was criticized in the U.S. media for a spate of cases opened over the past year against U.S. giants such as Google, Apple, Amazon and Starbucks. “Some claim that our cases involving Internet giants such as Apple or Google are evidence of bias.

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Apple has ramped up its hiring of artificial intelligence experts, recruiting from PhD programs, posting dozens of job listings and greatly increasing the size of its AI staff, a review of hiring sites suggests and numerous sources confirm. The goal is to challenge Google in an area the Internet search giant has long dominated: smartphone features that give users what they want before they ask. As part of its push, the company is currently trying to hire at least 86 more employees with expertise in the branch of artificial intelligence known as machine learning, according to a recent analysis of Apple job postings.

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By Paul Carsten and Engen Tham BEIJING/SHANGHAI (Reuters) – Uber Technologies Inc's China arm has closed its $1 billion fundraising round early, according to two people with knowledge of the matter, with investors still hopeful for the U.S.-based ride service despite strong domestic competition. Investors in Uber's Chinese unit include Internet giant Baidu Inc, China CITIC Bank Corp Ltd and China Life Insurance Co Ltd, among others, said one of the people, requesting anonymity because they were not authorized to discuss the matter publicly. Chinese financial conglomerate Ping An Group's investment arm and Hillhouse Capital, which has a stake in the main U.S.-based Uber business, also took part, the person said.

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The United Nations said it expects member states to respect its right to privacy and is assessing how to respond to a report that telecommunications company AT&T Inc helped the U.S. National Security Agency spy on the world body's communications. The company gave technical assistance to the NSA in carrying out a secret court order allowing wiretapping of all Internet communications at the headquarters of the United Nations, an AT&T customer, the New York Times reported on Saturday. The New York Times cited newly disclosed NSA documents that date from 2003 to 2013 and were provided by fugitive former NSA contractor Edward Snowden.

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By Aman Shah MUMBAI (Reuters) – Facebook Inc plans to scale up its service to offer free basic Internet on mobile phones, an executive said, after introducing the application in 17 developing countries over the past year. In a blog post released to mark the first year of the initiative, Facebook said it will open a portal allowing any mobile operator to offer the service under its Internet.org platform. Facebook currently partners with specific operators to launch the service in different countries.