Business

Digital transformation important for banks i CEE region

Digital transformation important for banks i CEE region

18 Nov 2016 comment

Today’s customers not only bank in branches but are also spending more time banking online. To engage these growing percentages, you need a digital banking strategy that allows customers to bank with you at any time and from any device.

Twitter Suspends Accounts of Prominent White Supremacists

Twitter Suspends Accounts of Prominent White Supremacists

17 Nov 2016 comment

Twitter suspended some accounts of prominent white supremacists as the social media company added tools to curb abuse and harassment, according to Bloomberg. Among those whose accounts were curbed, was Richard Spencer, Pax Dickinson, Ricky Vaughn and John Rivers. Spencer is often credited with spearheading the alternative-right movement, a loosely associated group of people who believe white identity is under attack by multiculturalism.

Apple Wants OLED in iPhones, But Most Suppliers are not Ready Yet

Apple Wants OLED in iPhones, But Most Suppliers are not Ready Yet

17 Nov 2016 comment

Apple has big plans to outfit its next iPhone with organic LED displays, seeking to entice consumers with new technology that’s already been embraced by other high-end smartphone makers. The trouble is, according to Bloomberg, that the four main suppliers for such components won’t have enough production capacity to make screens for all new iPhones next year, with constraints continuing into 2018, people familiar with the matter said, presenting a potential challenge for the company.

Microsoft Offers Concessions in EU Review of LinkedIn Bid

Microsoft Offers Concessions in EU Review of LinkedIn Bid

17 Nov 2016 comment

Microsoft submitted concessions to European Union antitrust officials examining its takeover of LinkedIn, which may allow the deal to win early-stage approval, according to Bloomberg. EU spokesman Ricardo Cardoso said regulators extended their deadline to rule on the deal to Dec. 6. The office software giant had until Nov. 15 to submit so-called remedies to the EU’s merger watchdog to allay any potential competition concerns.

Nintendo to Release First iPhone Super Mario Game

Nintendo to Release First iPhone Super Mario Game

17 Nov 2016 comment

Nintendo will release Super Mario Run worldwide for iPhone and iPad on Dec. 15 in U.S. time zones, a highly anticipated launch that has a high bar for success after this summer’s Pokemon Go phenomenon, according to Bloomberg. The first mobile edition starring one of Nintendo’s most iconic characters, will be free to download initially, and include an optional one-off payment of $9.99 to unlock all of the features.

Facebook Finds More Ad-Metric Errors

Facebook Finds More Ad-Metric Errors

16 Nov 2016 comment

Facebook said it discovered several mistakes in its reporting of metrics to partners and advertisers and vowed to be more transparent about errors in the future as it fixes the issue, according to Bloomberg. The social-networking company conducted a broad review after discovering three months ago that it had overstated how long people watched videos on its site.

Nokia Margin Forecast Trails Estimates

Nokia Margin Forecast Trails Estimates

16 Nov 2016 comment

Nokia predicted a 2017 profit margin for its main business that trailed estimates, disappointing investors who expected cost savings by the Finnish network manufacturer to kick in earlier, according to Bloomberg. The stock fell. The operating profit at its network division is set to be 8 percent to 10 percent of sales next year, the company, which is meeting with investors in Barcelona, said in a statement.

Google to Expand London Campus With New Building

Google to Expand London Campus With New Building

16 Nov 2016 comment

Google is going ahead with delayed plans to expand its London offices, saying it will build a 10-story building on the site in a move that the U.K. government called a vote of confidence in the country’s post-Brexit future, according to Bloomberg. The company said it would be able to house as many as 7,000 workers at the London campus after the expansion, 3,000 more than a spokesman said it currently employs in the U.K.

Microsoft and OpenAI Group Strike Partnership

Microsoft and OpenAI Group Strike Partnership

16 Nov 2016 comment

Microsoft struck a partnership with Elon Musk's artificial intelligence research group, OpenAI, and said the organization will use the company's Azure cloud system for most of its large-scale experiments, according to Bloomberg. OpenAI has been an early customer for Microsoft's Azure N-Series Virtual Machines, a powerful cloud-computing service that relies on Nvidia graphical processing units. The two will also collaborate on ways to advance AI research and its use, Microsoft and Open AI said in blog posts.

Google Offers Free Digital Training to All U.K. Residents

Google Offers Free Digital Training to All U.K. Residents

15 Nov 2016 comment

After being criticized for not paying its fair share of British tax, Google is trying to show it’s a good corporate citizen by offering five hours of free digital skills training to all U.K. residents, according to Bloomberg. Google chief executive officer Sundar Pichai said the company also will bring “virtual reality field trips” to 1 million British students and their teachers within the next year.

Trump Tech Meltdown Hits Fourth Day

Trump Tech Meltdown Hits Fourth Day

15 Nov 2016 comment

The stock market’s post-election bifurcation sharpened Monday as technology shares extended their worst performance since the start of the bull market on speculation Donald Trump’s trade and immigration policies will translate into lower earnings, according to Bloomberg. Apple, Facebook and Alphabet led the S&P 500 Information Technology Index down 1.7 percent for the biggest retreat since September.

Point72 Invest in Crowd-Sourced Quantopian

Point72 Invest in Crowd-Sourced Quantopian

15 Nov 2016 comment

Andreessen Horowitz and Steve Cohen’s Point72 Ventures are among investors in a $25 million funding round for Quantopian, the five-year-old online platform where coders build and run computerized trading programs, according to Bloomberg. The Boston-based firm plans to use the money to enhance its platform, adding portfolio optimization tools and providing more data for algorithms written by its 100,000 or so members.

Samsung to Buy Harman for $8 Billion

Samsung to Buy Harman for $8 Billion

14 Nov 2016 comment

Samsung is spending $8 billion to buy its way into a burgeoning market for automotive technology alongside Apple and Google, according to Bloomberg. The company is making its largest-ever overseas acquisition with an offer for Harman International Industries, angling to become the go-to supplier of everything from in-car entertainment to connected-auto services.

Companies like tablets in digital transformation

Companies like tablets in digital transformation

14 Nov 2016 comment

Tablets are among the top IT spending priorities for 2017 in European enterprises, with sectors such as education, hospitality, government, and transport ranking them among their top 3 priorities, according to a news study from IDC.

Rocket-Backed Coupon Site Partners With Daily Mail

Rocket-Backed Coupon Site Partners With Daily Mail

14 Nov 2016 comment

Rocket Internet backed Global Savings Group is partnering with the Daily Mail tabloid, bringing its discount-coupon service into the U.K in time for Black Friday and the Christmas shopping period, according to Bloomberg. The service will this month start its offerings on the website of Daily Mail and General Trust Plc’s flagship newspaper, Global Chief Operations Officer Johannes Wirth said Friday in a phone interview.

Facebook Shocks Users Marking Them as Dead

Facebook Shocks Users Marking Them as Dead

13 Nov 2016 comment

Facebook temporarily marked many of its users as dead on Friday, in a mysterious snafu the company hasn't yet explained, according to Bloomberg. Not even Chief Executive Officer Mark Zuckerberg was spared.

New Singles' Day Record for Alibaba

New Singles' Day Record for Alibaba

13 Nov 2016 comment

Alibaba managed to set another Singles’ Day record even as sales growth lagged last year’s, as the nation’s economic slowdown prompted consumers to throttle back, according to Bloomberg. Sales on its e-commerce platform climbed 32 percent to 120.7 billion yuan ($17.8 billion), easily topping last year’s total of 91.2 billion yuan. But that growth pace dwindled from last year’s 60 percent, a function of the scale that Chinese’s biggest shopping day has achieved as well as an economy expanding at its slowest pace in a quarter century.

Snapchat's $130 Video Glasses Fetch $1,000

Snapchat's $130 Video Glasses Fetch $1,000

12 Nov 2016 comment

Snap's plan for selling Spectacles depends largely on hype and scarcity, according to Bloomberg. The company began distributing the $130 Snapchat sunglasses, each with a built-in camera for shooting video, in a yellow pop-up vending machine on Thursday. The plan seems to be working: It's already going for as much as $1,000 a pop on EBay.

Zuckerberg Says Fake News Didn't Drive Election

Zuckerberg Says Fake News Didn't Drive Election

11 Nov 2016 comment

Facebook CEO Mark Zuckerberg rejected the idea that fake news on the social network influenced the U.S. presidential election and said echo-chambers aren't really a problem on the site, according to Bloomberg. The company co-founder was responding to criticism following Donald Trump's victory in the elections, from people who argued the company allowed false information to run rampant on its site and that its algorithm tended to amplify the voices people wanted to hear, instead of providing a full picture of what was going on.

Alibaba Tops Singles’ Day Record

Alibaba Tops Singles’ Day Record

11 Nov 2016 comment

Alibaba broke its Singles’ Day sales record with room to spare, offering assurances about the strength of the Chinese consumer despite the nation’s economic slowdown, according to Bloomberg. Sales on its e-commerce platform reached 102 billion yuan ($15 billion) shortly before 8 pm in China, easily topping last year’s total of 91.2 billion yuan with about four hours left to run.

Google Sees EU as a Threat to Android Giveaway Strategy

Google Sees EU as a Threat to Android Giveaway Strategy

11 Nov 2016 comment

Google’s strategy of giving away mobile-phone software will be at risk if European Union antitrust regulators order it to change distribution pacts with phone makers and telecom operators, according to Bloomberg. Google is telling the EU that the Android operating system "hasn’t hurt competition" when it’s installed on phones and tablets for free and under strict conditions, Google General Counsel Kent Walker said in the blog.

Russia to Block Access to LinkedIn

Russia to Block Access to LinkedIn

11 Nov 2016 comment

Access to LinkedIn will be blocked in Russia after the U.S. social network failed to move personal data storage to the country, according to Bloomberg. Conversely, services including Google, EBay, Booking.com and Uber have taken steps to move personal data storage to Russia, the country’s communications watchdog Roskomnadzor has said.

Alibaba’s U.S. Growth Ambitions at Risk After Trump Victory

Alibaba’s U.S. Growth Ambitions at Risk After Trump Victory

10 Nov 2016 comment

Chinese internet companies face a new reality after Donald Trump’s surprise victory as U.S. president-elect, and Alibaba Group Holding Ltd. has the most to lose, according to Bloomberg. On the campaign trail, Trump promised to upend global trade, saying that China is “ killing us” on trade policy and proposing tariffs on Chinese goods of as much as 45 percent.

GoPro Plummets After Recalling 2,500 Karma Drones

GoPro Plummets After Recalling 2,500 Karma Drones

10 Nov 2016 comment

GoPro shares tumbled as much as 10 percent after the company said it’s recalling about 2,500 of its new Karma drones, dealing another blow to already dim prospects for the holiday season, according to Bloomberg. In a “very small number of cases” GoPro drones bought since Oct. 23 lost power, the company said in a statement.

Trump Victory Shouldn’t Threaten Agreement on EU Privacy Shield

Trump Victory Shouldn’t Threaten Agreement on EU Privacy Shield

10 Nov 2016 comment

U.S. officials pledged their commitment to a trans-Atlantic data transfer pact that companies around the world depend on, as uncertainty grew over whether this would remain the case after Donald Trump’s victory in the U.S. presidential election, according to Bloomberg. “We have a real expectation that a new administration would come in and follow through on” what’s been done, Ted Dean, deputy assistant secretary for services at the U.S. Department of Commerce told a privacy conference in Brussels.

Ireland Set to Take Fight Over Apple Tax Bill to EU Court

Ireland Set to Take Fight Over Apple Tax Bill to EU Court

9 Nov 2016 comment

Irish Finance Minister Michael Noonan will  take his fight over Apple’s record 13 billion-euro tax bill to a European Union court, potentially triggering years of litigation, according to Bloomberg. The nation will file its appeal against the European Commission’s decision to force Ireland to claw back alleged tax subsidies, in a case that will test the EU’s powers to use state aid law in what governments argue are national affairs.

Ballmer’s Plan to Make America Great Involves Excel

Ballmer’s Plan to Make America Great Involves Excel

8 Nov 2016 comment

Steve Ballmer is pretty bummed out about the election, according to Bloomberg. A self-proclaimed "numbers guy," Ballmer said the truth is getting lost in the political rhetoric, and he wants to arm citizens with data to defend against lies by the campaigns. "Nobody seems to care about the facts," he said.

Croatian company Microblink is part of US presidential election with it’s real-time text recognition

Croatian company Microblink is part of US presidential election with it’s real-time text recognition

8 Nov 2016 comment

Microblink, the company known for innovative applications such as Photomath, has recorded another great success. Their solution blinkID was implemented for the US presidential election. The Croatian know-how will in thus contribute to this great event, which will affect the lives of many people.

Samsung Seeks Redemption With AI-Infused Galaxy S8

Samsung Seeks Redemption With AI-Infused Galaxy S8

8 Nov 2016 comment

Samsung plans to equip its next Galaxy S smartphones with a Siri-like digital assistant, seeking to make a comeback after the global debacle that precipitated the death of its flawed Note 7 lineup, according to Bloomberg. Samsung, which last month acquired U.S.-based artificial-intelligence software company Viv Labs, said the Galaxy S8 slated for next year will come with AI-enabled features “significantly differentiated” from those in the market, such as Apple’s Siri or Google.

China Adopts Controversial Cybersecurity Law

China Adopts Controversial Cybersecurity Law

7 Nov 2016 comment

China has green-lit a sweeping and controversial law that may grant Beijing unprecedented access to foreign companies’ technology and hamstring their operations in the world’s second-largest economy, according to Bloomberg. The Cyber Security Law was passed by the Standing Committee of the National People’s Congress, China’s top legislature, and will take effect in June.