U.S. chipmaker Qualcomm Inc creates venture capital firm to invest in AI startups

Artificial Intelligence will be pervasive in the coming years with its ubiquitous usage touching nearly every aspect of our day-to-day lives. In a significant development, U.S. chipmaker Qualcomm Inc has set up Qualcomm Ventures AI Fund, a $100 million fund, that will invest in startups working on artificial intelligence technologies. Qualcomm Ventures AI Fund has…

Microsoft Corp wins $479.2 million contract from U.S. Army

Microsoft won the contract through an auction process which saw the participation of tech companies, including Magic Leap. The U.S. Army has awarded Microsoft Corp a $479.2 million contract to supply prototypes for the Army’s augmented reality systems which will help soldiers in training and combat missions. The U.S. Army has posted the awarded contract…

National Security Risk Cited By New Zealand In Rejecting Huawei’s First 5G Bid

Raising concerns over national security, the New Zealand’s intelligence agency refused allowing the use of 5G equipment from China’s Huawei Technologies Co Ltd as requested by the country’s telecom industry. The reasoning offered by the agency would be reviewed before further steps are taken by it, said New Zealand’s telecommunications services provider Spark New Zealand…

Amazon courts space industry, adds antenna service for satellites to its cloud business

The move is significant as it marks Amazon.com’s growing ambition to tap contracts from the U.S. Department of Defense. Amazon.com Inc, the world’s biggest online retailer and also the world’s top cloud computing company, stated it was starting a new antenna service for uploading and downloading data from satellites; the move underscores its efforts to…

Hackers access 2.65M patient data of Atrium Health, previously Carolinas HealthCare System

The security incident occurred at Atrium Health’s third-party provider AccuDoc Solutions. In yet another massive data breach, Atrium Health, previously known as Carolinas HealthCare System, stated data of nearly 2.65 million patients, including their dates of birth, addresses, and social security numbers, may have been compromised at its third-party provider AccuDoc Solutions. Incidentally, Atrium provides…

New Zealand bans usage of Huawei’s equipment for 5G network

The Government Communications Security Bureau has effectively banned Huawei Technologies Co Ltd’s 5G equipment from New Zealand citing significant risks to national security. On Wednesday, Spark New Zealand stated, the Government Communications Security Bureau has declined its proposal to use Huawei Technologies Co Ltd’s 5G equipment citing significant risks to national security. This decision effectively…