Business

TransferWise Valued at $3.5 Billion in Secondary Offering

TransferWise Valued at $3.5 Billion in Secondary Offering

26 May 2019 comment

TransferWise leapfrogged fintech startups, more than doubling its valuation to $3.5 billion in a fundraising round that pushes back the need for an initial public offering, according to Bloomberg.

Huawei Says No More Walls

Huawei Says No More Walls

26 May 2019 comment

Huawei deputy chairman Ken Hu spoke in Germany at the Potsdam Conference of National Security.

Apple Accused of Selling iTunes Customers' Listening Data

Apple Accused of Selling iTunes Customers' Listening Data

25 May 2019 comment

Apple was sued by customers who claim the company is unlawfully disclosing and selling information about people’s iTunes purchases as well as their personal data, according to Bloomberg.

Lenovo Achieves Record Revenue of $51bn

Lenovo Achieves Record Revenue of $51bn

25 May 2019 comment

Lenovo posted record fiscal year results with revenue reaching all time high of US$51 billion, up 12.5% year-on-year.

Trump Says Huawei Could Become Part of Trade Deal With China

Trump Says Huawei Could Become Part of Trade Deal With China

25 May 2019 comment

U.S. President Donald Trump said that Huawei could be part of a trade pact with China, according to Bloomberg.

Robert Bosch Venture Capital invests in Veego Software

Robert Bosch Venture Capital invests in Veego Software

24 May 2019 comment

Robert Bosch Venture Capital (RBVC), the corporate venture capital company of the Bosch Group, has completed an investment in Veego’s seed round.

Alibaba Faces EU Consumer Complaints Over Contract Terms

Alibaba Faces EU Consumer Complaints Over Contract Terms

24 May 2019 comment

Alibaba faces complaints from six European consumer organizations into allegedly unfair user terms for its online retail service, arguing some of the clauses violate EU law, according to Bloomberg.

Huawei Produces Half of its Chips

Huawei Produces Half of its Chips

24 May 2019 comment

In a briefeing with chinese media, held this week, Huawei founder Ren Zhengfei said the company has excellent relations with US partners.

Facebook Removes a Record 2.2 Billion Fake Accounts

Facebook Removes a Record 2.2 Billion Fake Accounts

24 May 2019 comment

Facebook said it removed 2.2 billion fake accounts in the first quarter, according to Bloomberg.

Google Faces Irish Privacy Probe of Data Processing for Ads

Google Faces Irish Privacy Probe of Data Processing for Ads

23 May 2019 comment

Google is at risk of another hefty privacy fine in Europe after Irish regulators opened a probe of possible violations into how the search giant processes users’ data in advertising transactions, according to Bloomberg.

Qualcomm Will Seek Immediate Stay and Appeal of FTC Ruling

Qualcomm Will Seek Immediate Stay and Appeal of FTC Ruling

23 May 2019 comment

Qualcomm announced that U.S. District Court Judge Lucy H. Koh issued a ruling in favor of the U.S. Federal Trade Commission in the FTC’s litigation against the company.

Apple China Business Faces New Blow From Trump Huawei Ban

Apple China Business Faces New Blow From Trump Huawei Ban

23 May 2019 comment

The U.S. crackdown on Huawei could make Apple’s already troubled business in China even more difficult, according to Bloomberg.

Carriers Drop Huawei Phones as U.S. Crackdown Crimps Plans

Carriers Drop Huawei Phones as U.S. Crackdown Crimps Plans

23 May 2019 comment

Phone companies are scrapping plans to sell Huawei handsets, threatening to impede the company’s global smartphone ambitions, according to Bloomberg.

ZTE Launches its First Cybersecurity Laboratory in Europe

ZTE Launches its First Cybersecurity Laboratory in Europe

22 May 2019 comment

ZTE launched its first cybersecurity laboratory in Rome, Italy.

IBM Expands New Collar Programs into France

IBM Expands New Collar Programs into France

22 May 2019 comment

IBM announced plans to expand its global "New Collar" programs into France.

Huawei Considers Rivals to Android After U.S. Ban

Huawei Considers Rivals to Android After U.S. Ban

22 May 2019 comment

Huawei said it’s working on its own operating system for its mobile handsets and will consider rivals to Google’s Android, according to Bloomberg.

U.S. Gives Limited Relief for Consumers and Carriers Using Huawei

U.S. Gives Limited Relief for Consumers and Carriers Using Huawei

22 May 2019 comment

The Commerce Department granted a 90-day relief for certain U.S. broadband companies and wireless customers using Huawei equipment, according to Bloomberg.

Lenovo Announces North America Partnership with Team SoloMid

Lenovo Announces North America Partnership with Team SoloMid

21 May 2019 comment

Lenovo North America announced a local partnership with Team SoloMid (TSM), the premier digital gaming platform that includes gaming strategy sites, influencers and championship esports teams.

FCC Chief Gives Nod on T-Mobile – Sprint Deal, DOJ Leans Against

FCC Chief Gives Nod on T-Mobile – Sprint Deal, DOJ Leans Against

21 May 2019 comment

FCC Chairman Ajit Pai said he’ll recommend his agency approve the T-Mobile – Sprint, but the Justice Department is leaning against $26.5 billion merger, according to Bloomberg.

VR, AR, AI Become a Significant Part of Insurance Industry

VR, AR, AI Become a Significant Part of Insurance Industry

21 May 2019 comment

Among the highly conservative industries, when it comes to the use of advanced technologies, the insurance industry is close to the top.

Trump Huawei Ban Ripples Across Industry as Supplies Halted

Trump Huawei Ban Ripples Across Industry as Supplies Halted

21 May 2019 comment

The impact of the Trump administration’s threats to choke Huawei reverberated across the global supply chain on Monday, hitting some of the biggest component-makers, according to Bloomberg.

16-Year-Old Works to Improve Spinal Surgery Using ML and Computer Vision

16-Year-Old Works to Improve Spinal Surgery Using ML and Computer Vision

20 May 2019 comment

Krithik Ramesh, 16, of Greenwood Village, Colorado, was awarded first place for developing a machine learning technology for orthopedic surgeons at this year’s ISEF.

Global Hackers Are Thwarted by FBI and Europe in $100 Million Heist

Global Hackers Are Thwarted by FBI and Europe in $100 Million Heist

20 May 2019 comment

U.S. and European law enforcement officials said they had dismantled a global organized cybercrime network, according to Bloomberg.

HPE Will Acquire Supercomputing Leader Cray

HPE Will Acquire Supercomputing Leader Cray

20 May 2019 comment

HPE and Cray announced that the companies have entered into a definitive agreement under which HPE will acquire Cray for $35.00 per share in cash, in a transaction valued at approximately $1.3 billion, net of cash.

Google Suspends Some Business With Huawei, Reuters Reports

Google Suspends Some Business With Huawei, Reuters Reports

20 May 2019 comment

Google has suspended some of its business ties with Huawei, Reuters reported, citing a source close to the matter it didn’t identify, according to Bloomberg.

TSMC Starts Building Chips for Next-Gen iPhones

TSMC Starts Building Chips for Next-Gen iPhones

19 May 2019 comment

TSMC has started production of a new chip for Apple’s next line of iPhones launching later this year, according to Bloomberg, citing people familiar with the matter.

Sony and Microsoft to Explore Strategic Partnership

Sony and Microsoft to Explore Strategic Partnership

19 May 2019 comment

Sony and Microsoft announced that the two companies will partner on new innovations to enhance customer experiences in their direct-to-consumer entertainment platforms and AI solutions.

Microsoft Will Spend $100 Million on African Development Center

Microsoft Will Spend $100 Million on African Development Center

18 May 2019 comment

Microsoft plans to spend more than $100 million over five years to open its first development centers in Africa, according to Bloomberg.

Ekholm: Europe Needs to Act Fast on 5G or Lose Out

Ekholm: Europe Needs to Act Fast on 5G or Lose Out

18 May 2019 comment

Europe needs urgent and decisive action if it is to benefit from the competitive and innovative capabilities of 5G or it will lose out to the U.S., China, and other regions, Ericsson President and CEO, Börje Ekholm, has warned.

U.S. Places Huawei and Scores of Affiliates on Export Blacklist

U.S. Places Huawei and Scores of Affiliates on Export Blacklist

18 May 2019 comment

The Trump administration restrictions on Huawei took effect Friday, placing China’s largest technology company and its affiliates on a blacklist that curtails its access to critical U.S. suppliers, according to Bloomberg.