Chinese AI company Xiao-i files $1.43 billion lawsuit against Apple alleging copyright infringements

On Monday, Chinese artificial intelligence company Shanghai Zhizhen Intelligent Network Technology Co., also known as Xiao-i, filed a lawsuit against Apple Inc alleging copyright infringements. The Company has demanded $1.43 billion (10 billion yuan) in damages and that Apple cease “manufacturing, using, promising to sell, selling, and importing” products that infringe on its patents. The…

Negotiations over China’s ByteDance-owned TikTok to conclude by Sept. 15: Microsoft

In a statement Microsoft Corp said, it will continue to negotiate with ByteDance for purchasing Chinese short-video app maker TikTok, with negotiations likely to conclude by September 15. Microsoft’s statement come in the wake of a conversation between its CEO Satya Nadella with U.S. President Donald Trump. Microsoft will ensure that the private data of…

FCC approves Amazon’s Project Kuiper low earth-orbit high speed broadband internet services plan

In a significant development, the U.S. Federal Communications Commission stated, it has approved Amazon.com Inc’s “Project Kuiper” project which envisages to build a network of more than 3,200 satellites in order to provide high speed broadband internet service anywhere in the world. In 2019, Amazon had stated, it will launch a constellation of low earth-orbitting…

Hackers used Spear-phishing tool to breach Twitter Inc’s data

Twitter Inc, whose internal systems were breached by hackers two ago, stated a “spear-phishing” attack on a small number of employees through a phone led to the security incident. Hackers targeted the U.S. microblogging site managed to breach 130 accounts, managed to access the inbox of 36 accounts and tweeted from 45 of them; they…

European Software startup Infobip raises $ 200M in Series A funding valuing it at more than $1 billion

According to sources familiar with the matter at hand, European software startup Infobip has raised more than $200 million from One Equity Partners, a private equity fund, in a series A funding round which values the company at more than $1 billion. The startup aims to channelize the additional funds to expand its footprint in…

Samsung in talks with Google over dropping Bixby and Galaxy AppStore

In a significant development, Samsung Electronics Co Ltd is weighing options vis-a-vis Bixby, its virtual assistant and Galaxy Apps Store, which includes dropping them altogether from its mobile devices as part of a new global revenue-sharing deal with Alphabet Inc’s Google. The development comes in the wake of Google trying since years to get Samsung…

European Bank for Reconstruction and Development’s Twitter Account has been hacked

On Wednesday, the European Bank for Reconstruction and Development (EBRD) disclosed that its Twitter accounts have been hacked. “This account and @EBRDgreen have been hacked,” said the EBRD on its @EBRD Twitter account. “We are trying to get back to normal and apologise to our followers.” Majority-owned by the leading G7 economic powers, the EBRD…

Richard Branson’s Virgin Galactic poised for commercial space tourism

In a significant development, Richard Branson’s space tourism firm Virgin Galactic, revealed the interior of its space plane, displaying the cabin sporting custom seats and a “space mirror” in a virtual tour of what its passengers can expect to experience on flights to the edge of space. Passengers who sign up for such trips, costing…

South Korea launches investigation into susected safety issues of Tesla Model 3 sedan

On Wednesday, South Korea’s transport ministry stated, it has launched an investigation into suspected safety issues with U.S. electric vehicle maker Tesla Inc, a strong competitor to Hyundai Motor Co in the South Korean EV market. In a statement, officials from the transport ministry said, steering, braking and the Autopilot function were part of the…

Global prospects flounder for Chinese tech giants

China’s global ambitions, projected through its tech champion Huawei Technologies, has started to dim. Huawei’s new company campus in southern China, houses replicas of many European cities underscoring their importance to Huawei’s founders. The same theme is reflected in the Beijing headquarters of TikTok wherein the walls are plastered with posters including a cover of…