As a part of its broader initiative to help Black communities, which it announced in June, the social media company Facebook will give away $40 million in grants to Black-owned businesses that have been hit by the novel coronavirus pandemic, largest social media company of the world said. The company said that the grant program…
Despite the novel coronavirus pandemic wrecking havoc on the global tourism industry, the home-sharing business app Airbnb is still going ahead with its planned initial public offering and is preparing the paperwork for selling stock on Wall Street. The company has already submitted a draft registration statement to the Securities and Exchange Commission, said the…
After the fall out with Epic games over its policy of taking a cut from sales through its App Store, major news publishers have now decided to stand up against the United States based tech giant Apple Inc on its commission policy. News outlets have demand that apple give them more favorable terms with respect…
Last year, the sale of plant-based meat alternatives crossed 200 million Swiss francs ($218.7 million) for Nestle which has prompted the company to announce launch its first plant-based seafood alternative, a tuna substitute called Vuna. The company plans to first introduce the product in Switzerland later this month and later roll it out in other…
California based Tesla Inc has applied for permission from the Federal Communications Commission (FCC) to market a short-range interactive motion-sensing device that could help prevent children from being left behind in hot cars. The system could also help improve theft-prevention systems. Tesla aims to get permission for its devices, which will use unlicensed millimeter-wave sensors,…
A letter posted by a trade body shows, major news publishers seeking more favorable terms from Apple Inc on commissions it collects from them through its app store. The letter, addressing Apple’s CEO Tim Cook, was posted on the website of Digital Content Next (DCN) which represents the Wall Street Journal, the New York Times…
Chipmaker Analog Devices Inc has forecast its fiscal fourth quarter revenue above analysts’ prior estimates in spite of an anticipated slowdown in the sales of chips for 5G networks. The chipmaker has forecast $1.44 billion for its fiscal fourth-quarter revenue, plus or minus 10%, and adjusted earnings per share of $1.32 per share, plus or…
In a joint statement, Japanese carmaker Subaru Corp and chip maker Xilinx Inc said, the Japanese automaker will use Xilinx’s chip to power a new driver-assistance system which will enable drivers to go hands-free during traffic jams, among other new features. Subaru’s upcoming midsized hatchback Levorg will use Xilinx’s “Zynq” chips to provide a new…
United States president Donald Trump has put his weight behind the U.S. enterprise software giant Oracle for purchasing the US business of he popular video sharing app TikTok. When asked if Oracle would be a good buyer for TikTok, TRumnp said that the Americna company is “a great company”. There were reports at the end…
Adding on to the series of actions being taken by government around the world against Chinese tech giants, iQiyi and Tencent will be banned operating streaming video services in Taiwan. According to a government notice published online Tuesday, partnering with local Tiwanese broadcasters and distributors to provide their video content through streaming services, Tencent Video…
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