According to the claims of the cybersecurity firm FireEye, cyber spying activities for the Chinese government in 14 different countries had been undertaken by a group of state-sponsored hackers in China even as the group also conducted hacking for making personal gains. The Chinese hacking group is called APT41, according to the cyber security company,…
Faecbook wants to publish news content of news publishers on its social media platform and is reportedly holding talks with such companies. Reports have suggested that the largest social media company is ready to “millions of dollars” to get the rights to the news content materials. For years, Facebook has been criticized by many because…
The United States based ride hailing company Uber reported quarterly loss that was below the market expectations which sent the company shares soaring down. Increased competition resulted in the slowdown of revenue growth which led the company to report its highest quarterly loss ever. There is heavy spending being made by Uber and its rivals…
According to a recent report published in the online edition of the German magazine Der Spiegel, Mercedes-Benz owner company Daimler would be slapped a fine of between 800 million euros ($895 million) and 1 billion euros by the prosecutors in Stuttgart, Germany over violation and cheating of diesel related emissions standards. A form of cheating…
Cell therapy developer BlueRock Therapeutics would be taken over via complete control by German drugmaker Bayer according to a deal worth up to $600 million. According to analysts, this investment move by Bayer is aimed to strengthen its position in a new and promising medical area as well as to develop its pipeline of medicines…
Information about Amazon’s voice activated virtual assistant Alexa has been sought from the company by the privacy regulators of Luxembourg which clearly indicates there are increasing concerns among the regulators about how the company makes us eof personal data of users – especially voice data. Politicians and privacy enforcers are now getting incerasingly concerned about…
The plans of Japanese auto manufacturer of developing a range of useful service robots that can assist people in everyday life will get help from a firm specializing in artificial intelligence (AI) Preferred Networks, a Japanese company founded in 2014, is being roped in by the auto maker to help it in areas such as…
The technology conglomerate SoftBank Group Corp reported a leap in profits at its first $100 billion fund and said that its second Vision Fund might begin investing in various businesses as soon as next month. This announcement was made by the founder and Chief Executive Masayoshi Son. Funding round participants including Microsoft Corp and Apple…
A new form of breach of privacy and concerns about it emerged after the Hong Kong flag carrier Cathay Pacific revealed that it regularly conducts monitoring of its passengers through onboard cameras on its aircraft. According to Cathay, the aim of gathering of the footage of passengers via a number of cameras positioned all around…
After being financially troubled because of soaring rents and following a number of earlier unsuccessful attempts to find a buyer have ultimately forced the United States luxury department store chain Barneys New York to put it up for sale and file for Chapter 11 bankruptcy. In order to stay afloat, new funds from Hilco Global…
