Business

TSMC Foresees Double-Digit Sales Growth as iPhone X Hits Shelves

TSMC Foresees Double-Digit Sales Growth as iPhone X Hits Shelves

23 Oct 2017 comment

TSMC forecast 11 to 12 percent growth in revenue in the holiday quarter, when Apple’s much-anticipated iPhone X goes on sale, according to Bloomberg.

Facebook, Google and Twitter Will Send Lawyers to Face Congress

Facebook, Google and Twitter Will Send Lawyers to Face Congress

23 Oct 2017 comment

Facebook, Twitter and Google will all send their top lawyers to testify Nov. 1 in front of congressional committees investigating how Russian state actors used social networks and online platforms to interfere in the U.S. presidential election, according to Bloomberg.

Lyft Raises $1 Billion From Big New Ally in Battle With Uber

Lyft Raises $1 Billion From Big New Ally in Battle With Uber

22 Oct 2017 comment

Lyft raised $1 billion in a deal that values the ride-sharing startup at $11 billion, steps up competition with rival Uber and builds ties with internet giant Alphabet, according to Bloomberg.

Google Wants to Train Other Companies to Use its AI Tools

Google Wants to Train Other Companies to Use its AI Tools

22 Oct 2017 comment

Google is starting what it calls an "AI crash course" of free online tutorials, scripted by its staff, on how to write software that trains computers to translate text, sort images and understand videos, according to Bloomberg.

Chinese Smartphone Upstart That Beat Apple Is Now Venturing West

Chinese Smartphone Upstart That Beat Apple Is Now Venturing West

22 Oct 2017 comment

Vivo, the fast-growing smartphone brand backed by reclusive Chinese billionaire Duan Yongping, will begin selling to Western markets for the first time as it accelerates a global expansion, according to Bloomberg.

IBM Soars Most Since 2009 After Forecasting Revenue Growth

IBM Soars Most Since 2009 After Forecasting Revenue Growth

21 Oct 2017 comment

After more than five years of declining sales, IBM says it will finally show investors it can grow again, according to Bloomberg.

How Netflix Plans to Spend $8 Billion in 2018

How Netflix Plans to Spend $8 Billion in 2018

21 Oct 2017 comment

While competitors race to catch up with Netflix, the largest online TV service in the world is planing to spend money to make money, according to Bloomberg.

Dropbox Seeks More Paying Customers Ahead of Expected IPO

Dropbox Seeks More Paying Customers Ahead of Expected IPO

21 Oct 2017 comment

Dropbox introduced a new cloud-based file-sharing option for individual business users and a new feature for marketing and creative workers to share projects, seeking to lure more paying customers ahead of an expected public share sale, according to Bloomberg.

North Korean Hacker Group Linked to Taiwan Bank Cyberheist

North Korean Hacker Group Linked to Taiwan Bank Cyberheist

21 Oct 2017 comment

Lazarus, a hacking group linked to North Korea, may have been behind this month’s theft of $60 million from Taiwan’s Far Eastern International Bank, according to Bloomberg.

PayPal Boosts Revenue Outlook on Expanded Shopper Activity

PayPal Boosts Revenue Outlook on Expanded Shopper Activity

20 Oct 2017 comment

PayPal CEO Dan Schulman’s campaign to expand the payments platform beyond websites and into stores keeps impressing investors, according to Bloomberg.

Apple and Suppliers Fall After Report of Lower iPhone 8 Orders

Apple and Suppliers Fall After Report of Lower iPhone 8 Orders

20 Oct 2017 comment

Shares of Apple and some of its suppliers fell on signs that demand for the new iPhone 8 models isn’t as strong as anticipated while buyers await the release of the higher-end iPhone X, according to Bloomberg.

SAP Drops in Frankfurt as Cloud Growth Disappoints Analysts

SAP Drops in Frankfurt as Cloud Growth Disappoints Analysts

19 Oct 2017 comment

SAP shares fell today in early Frankfurt trading despite raising its sales forecast, as third-quarter revenue at Europe’s largest software company slightly missed analyst estimates, according to Bloomberg.

Twitter CEO Pledges Tougher Rules on Hate Speech, Violence

Twitter CEO Pledges Tougher Rules on Hate Speech, Violence

19 Oct 2017 comment

Twitter will tighten rules on issues including hate speech amid a boycott over handling of Rose McGowan’s postings on Harvey Weinstein and criticism of its approach to users who target women with sexual or violent content, according to Bloomberg.

U.K. Lawmakers Slam Amazon and eBay for Failing to Tackle Tax Fraud

U.K. Lawmakers Slam Amazon and eBay for Failing to Tackle Tax Fraud

19 Oct 2017 comment

Amazon, eBay and other online marketplaces are failing to take seriously online tax fraud by vendors using their platforms, a panel of U.K. lawmakers said, according to Bloomberg. They have called the companies to work with the government’s tax authority to tackle the problem.

IBM Beats Sales Estimates, Buoyed by Growth in Software Products

IBM Beats Sales Estimates, Buoyed by Growth in Software Products

18 Oct 2017 comment

IBM sales beat analysts’ estimates, buoyed by growth in the group that houses much of its software products, according to Bloomberg.

Google Designs Its First Chip In-House for Consumer Devices

Google Designs Its First Chip In-House for Consumer Devices

18 Oct 2017 comment

Google unveiled its first internally designed chip for consumer devices, the latest sign of the search engine’s hardware ambitions and a threat to its current semiconductor suppliers, according to Bloomberg.

Branson Joins Hyperloop Board as It Targets $200 Million Funding

Branson Joins Hyperloop Board as It Targets $200 Million Funding

17 Oct 2017 comment

Billionaire Richard Branson has joined the board of Hyperloop One, as the futuristic mode of tube-based transportation embarks on a major fundraising round, according to Bloomberg.

DJI Reveals Zenmuse X7

DJI Reveals Zenmuse X7

16 Oct 2017 comment

DJI has introduced the Zenmuse X7, the world’s first Super 35 digital film camera optimised for professional aerial cinematography.

Du transforms IoT & Cloud services with Ericsson

Du transforms IoT & Cloud services with Ericsson

16 Oct 2017 comment

Ericsson and du, a telecommunications operator based in Dubai, United Arab Emirates, have partnered to accelerate digitalization in the region by deploying innovative solutions that enable faster introduction of new Internet of Things (IoT) services.

Twitter Is Crawling With Bots and Lacks Incentive to Expel Them

Twitter Is Crawling With Bots and Lacks Incentive to Expel Them

16 Oct 2017 comment

Twitter is scrambling to explain how bots controlled by Russian meddlers may have been used to impact the 2016 president election, according to Bloomberg.

Amazon Would Team Up With Apple and Google on Alexa Voice Assistant

Amazon Would Team Up With Apple and Google on Alexa Voice Assistant

16 Oct 2017 comment

Amazon is willing to team up with competitors Apple and Google if it would help improve customers’ experience with its Alexa voice-activated virtual assistant, an executive working on the platform said, according to Bloomberg.

Facebook Touts $199 Oculus Go VR Headset in Mainstream Push

Facebook Touts $199 Oculus Go VR Headset in Mainstream Push

15 Oct 2017 comment

Facebook unveiled a cheaper virtual-reality headset that works without being tethered to a computer, rounding out its plan for pushing the emerging technology to the masses, according to Bloomberg.

SoftBank Leads $93 Million Investment in AI Software Startup

SoftBank Leads $93 Million Investment in AI Software Startup

15 Oct 2017 comment

SoftBank led a $93 million investment in a startup that simplifies the process for companies to use machine learning or deep learning applications at scale, according to Bloomberg.

Race for Strongest Material Heats Up as Developers Seek Funds

Race for Strongest Material Heats Up as Developers Seek Funds

15 Oct 2017 comment

The global race to exploit the potential of the strongest known material, a chemical called graphene, just intensified as two British manufacturers unveiled competing plans to raise funds to bring their products to market, according to Bloomberg.

Facebook and Twitter Face a U.K. Levy If Cyber Bullying Not Tackled

Facebook and Twitter Face a U.K. Levy If Cyber Bullying Not Tackled

14 Oct 2017 comment

Social-media giants such as Facebook and Twitter will have to reveal the scale of cyber bullying in the U.K. and face being made to pay the cost of dealing with it, according to Bloomberg.

Thales Creates New AI Hub in Montreal

Thales Creates New AI Hub in Montreal

14 Oct 2017 comment

The company Thales is opening an artificial intelligence center Montreal and will hire 50 people for the new facility, according to Bloomberg.

Samsung Quarterly Profit Climbs on Chip Demand and Displays

Samsung Quarterly Profit Climbs on Chip Demand and Displays

14 Oct 2017 comment

Samsung reported better-than-projected profit on booming demand for displays and memory chips, according to Bloomberg.

Mania Takes Off as Bitcoin Surges Past $5,000

Mania Takes Off as Bitcoin Surges Past $5,000

13 Oct 2017 comment

The most popular digital currency, bitcoin, breached $5,000 for the first time, pushing this year’s gains to more than fivefold, according to Bloomberg.

Alibaba to Double R&D Spending to $15 Billion Over 3 Years

Alibaba to Double R&D Spending to $15 Billion Over 3 Years

13 Oct 2017 comment

Alibaba will more than double research and development spending to $15 billion over the next three years to develop next-generation technology, drive its sprawling business and explore moonshot projects that could upend industries, according to Bloomberg.