Tesla Inc hires Snap Inc’s VP of Monetization Engineering

Tesla has hired Snap Inc’s Stuart Bowers who will now be its vice president of engineering. Electric carmaker Tesla Inc stated it has hired Stuart Bowers, Snap Inc’s vice president of monetization engineering, as its VP of engineering. He will work on Tesla’s Autopilot software and other projects. In recent days, several senior executives have…

British Minister Says Government Not Likely To Intervene In Comcast’s Sky Takeover

In what is the latest development in the acquisition battle between Comcast and Rupert Murdoch’s 21st Century Fox, Britain will most likely oppose the proposed takeover of British satellite broadcaster Sky by American cable giant Comcast, said Britain’s culture secretary on Monday. He does not have storing intentions to interfere in the $30.7 billion deal…

Security researchers find more vulnerabilities in Intel’s, AMD’s and ARM Holdings’ chips

Known as Speculative Store Bypass or “Variant 4”, these new vulnerabilities have a low risk profile assigned to them partly due to the patches that were released earlier this month for the Spectre and Meltdown vulnerabilities. Security researchers from Alphabet’s Google and from Microsoft Corp have unearthed new security vulnerabilities that impact a broad range…

Adobe Systems inc to acquire Magento Commerce for $1.68 billion in cash

The acquisition is aimed at bolstering Adobe’s Experience Cloud business. In what is stated to be Adobe Systems Inc’s biggest deal in a decade, the U.S. software company disclosed it would be acquiring Magento Commerce, an e-commerce services provider, from private equity firm Permira for $1.68 billion in cash. Following the news, shares of Adobe…