U.S. to blacklist Chinese artificial-intelligence companies

WASHINGTON — The United States is blacklisting a group of Chinese tech companies that develop facial recognition and other artificial intelligence technology that the U.S. says is being used to repress China’s Muslim minority groups.

A move Monday by the U.S. Commerce Department seeks to put the companies on a so-called Entity List for acting contrary to American foreign policy interests.

The blacklist effectively bars U.S. firms from selling technology to the Chinese companies without government approval.

The blacklisted companies include Hikvision, a global provider of video surveillance technology. Prominent Chinese AI firms such as Sense Time, Megvii and iFlytek are also on the list.

The Chinese embassy and several of the targeted companies didn’t immediately return requests for comment Monday. The affected list also includes some regional government agencies in China.

Hong Kong Exchanges drops $37 billion bid to buy London Stock Exchange

Hong Kong Exchanges & Clearing Ltd. 388, +2.92% announced early Tuesday, local time, that it will drop its $37 billion bid to buy the London Stock Exchange Group PLC LSE, +0.95% . "The Board of HKEX continues to believe that a combination of LSEG and HKEX is strategically compelling," HKEX said in a statement, but the boards of the two companies were "unable to engage." As a result, the board decided "it is not in the best interests of HKEX shareholders to pursue this proposal." The unsolicited bid was announced in September, and was immediately rejected by LSE, though HKEX had vowed to press ahead.

China confirms top negotiator Liu He to lead trade talks with U.S. on Thursday

China confirmed Monday that its top trade negotiator, Vice Premier Liu He, will lead its delegation in renewed trade talks in Washington on Thursday and Friday. "At the invitation of the US, Liu He will lead a delegation to visit Washington. From October 10th to 11th, he will hold a new round of high-level Sino-US economic and trade consultations with [U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steve Mnuchin]," the state-owned China News Service announced in a tweet Monday night. On Sunday, Bloomberg News reported China was significantly reducing the scope of negotiations, and that Liu had recently told dignitaries that China will not commit to reforming industrial policies or government subsidies — two of the Trump administration’s main points of contention.

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Man kills four homeless people with metal pipe as they sleep

A homeless man wielding a long metal pipe rampaged through New York City attacking other homeless people who were sleeping, killing four and leaving a fifth in critical condition.

Chief of Manhattan South Detectives Michael Baldassano said the men were attacked at random in the city’s Chinatown neighbourhood with the object.

Police responded to a 911 call just before 2am as one assault was in progress.

A 24-year-old suspect was in custody but has yet to be charged, the detective said.

Exoskeletons. Cars. VR. Samsung's future probably isn't phones

Hong Kong (CNN Business)Samsung is warning investors that its operating profit likely plunged 56% in the third quarter as the company continues to struggle with sluggish demand for memory chips. But analysts are predicting a turnaround for the company in the next year.

The South Korean technology giant said Tuesday that it expects to make an operating profit of roughly 7.7 trillion Korean won ($6.5 billion) for the quarter that ended in September, down from 17.57 trillion Korean won ($14.7 billion) for the same period a year ago. But that forecast beat the 7.1 trillion won that analysts expected, according to Refinitiv.
It said it expects sales to fall 5% to 62 trillion won ($52 billion).

Shares in Samsung rose about 1% in Seoul during morning trading.
Samsung’s (SSNLF) profits have taken a beating over the past year, largely because of a slump in its memory chip business. But SK Kim, an analyst at the brokerage firm Daiwa Capital Markets, said last month that he expects a boost in Samsung’s memory chip demand thanks to its advances in extreme ultraviolet lithography, a key breakthrough in chip manufacturing.

Samsung will report earnings at the end of this month.
This is a developing story …

Oracle to add 2,000 jobs as it expands cloud business: report

Oracle Corp. ORCL, -0.62% will add about 2,000 jobs as it beefs up its cloud offerings, Reuters reported Monday night. Don Johnson, head of Oracle’s cloud computing unit, told Reuters that the new hires will help it compete against cloud rivals Amazon.com Inc. AMZN, -0.40% and Microsoft Corp. MSFT, -0.72% . Reuters said many of the jobs would be in Seattle, the San Francisco Bay Area and India, and that by the end of next year, Oracle intends to have 20 more cloud data centers around the world, in addition to the current 16.