According to Kai-Fu Lee, founder of venture capital firm Sinovation Ventures and a top voice on tech in China, robots are likely to replace 50 percent of all jobs in the next decade. Terming Artificial intelligence (AI) as the “singular thing that will be larger than all of human tech revolutions added together, including electricity, [the]…
Even though investors are growing cautious, the price for Bitcoin is within spitting distance of its all-time high and it broke through $1,300 on Thursday. According to CoinDesk data, on hopes that U.S. regulators would approve a key trading product for the digital currency, the cryptocurrency’s price spiked yesterday to $1,306 and on the overall…
Despite both U.S. firms trying to distance themselves from the label of media, Facebook and Alphabet-owned Google must and they must accept that they are media, not technology companies, said Martin Sorrell, CEO of WPP. Questions about the “brand safety” issues seen on both Facebook and YouTube, such as ads being placed next to extremist content…
Even as the online video platform threatens to eclipse television viewership in the U.S., Youtube Chief Business Officer Robert Kyncl said that the company is betting big on Asia, aggressively pushing to expand localized content in the region. The momentum in user and revenue growth throughout Asia highlighted a key opportunity for the company, said…
As cyber criminals seek to maximize profits from large numbers of victims willing to pay up, according to cyber security firm Symantec Corp, hackers are demanding increasingly hefty ransoms to free computers paralyzed with viruses. According to Symantec, the pricing has continued to rise in 2017 and last year the average demand embedded in such malicious software,…
Carlos Ghosn, chairman of both firms, said on Tuesday said that a full merger of Japanese car makers Mitsubishi Motors Corp (MMC) and Nissan Motor Co Ltd is not on the table. “Full merger is not on the table. We want Mitsubishi to reform itself,” said Ghosn. The chairman was attending the opening ceremony of…
The seriousness with which U.S. President Donald Trump is viewing his intention to enforcing trade rules was exhibited by the U.S. governments’ new tariff averaging 20 percent on Canadian timber imports, said the Commerce Secretary Wilbur Ross. “The Trump administration has been much more focused on enforcement than had been true previously,” he said, taking a…
On the way to surpassing Ford Motor Co’s market value, many risks with the technology in his company’s cars was taken by Tesla Inc Chief Executive Elon Musk. Now in the factory that makes them, Musk is pushing boundaries. Once they deliver doors that fit, body panels with the right shape and dashboards that don’t…
The head of the biggest U.S. business lobby group said that by the middle of next year, a basic accord over reworking the North American Free Trade Agreement (NAFTA) would most likely be reached by the United States, Mexico and Canada. Pledging to ditch it if he could not rework terms in favor of the…
Investors, venture capitalists and regional start-ups gathered on the Indonesian island of Bali to discuss the future of tech in the world’s fourth most populous and the broader region, while U.S. Vice President Mike Pence visited Jakarta, Indonesia, this week to discuss bilateral trade issues as part of his 10-day trip to Asia. “What’s happening politically with…
