On Monday, in a significant development, International Business Machines Corp (IBM) announced a new processor for data centers that can handle three times the workload of its predecessor. IBM’s Power10 chip will be manufactured by Samsung Electronics Co Ltd. The Power10 will benefit from Samsung’s 7-nanometer chip manufacturing process, which incidentally is similar to its…
Shared office provider, WeWork told employees that it has managed to slow down its cash burn rate by nearly 50% from December 31, 2019 and that it has secured a $1.1 billion finance commitment from its majority owner SoftBank Group Corp. In an e-mail to employees, the company said, while the coronavirus pandemic had hurt…
With Google and Apple removing “Fortnite”, a popular video game from their app stores for violating their in-app payment guidelines, game developer Epic Games has filed federal antitrust lawsuits challenging these very rules in court. Both, Google and Apple have cited the direct payment feature on the Fortnite app as a violation of their app…
In a statement, U.S. electric truck maker Nikola stated, it was open to collaborating with South Korea’s Hyundai Motor on hydrogen technology. The development comes in the wake of Chosun Ilbo, a South Korean newspaper publishing a report on Sunday, saying Trevor Milton, Nikola Corp’s founder, wants to collaborate with Hyundai Incidentally, this is the…
In a significant development, the Trump administration has unveiled plans to auction off 100 megahertz of mid-band spectrum that was previously reserved for military purposes. The commercial use of this spectrum is slated to start from mid-2022. The Federal Communications Commission (FCC) aims to auction this spectrum to companies including Verizon Communications Inc and AT&T…
According to the results of a global survey by accounting firm PwC that was released on Tuesday, 75% of CEOs expect remote working to become more widespread in their businesses as a result of the coronavirus. London, New York, and most major cities currently have only a fraction of their normal workforce in offices. Employers…
According to sources familiar with Microsoft’s timeline to carve out TikTok’s U.S. operations from the rest will be a technically complex endeavor which could test the patience of the U.S. administration. While Microsoft has until September 15 to piece together a blueprint for an acquisition that safeguards the personal data of Americans stored on TikTok’s…
South Korean auto giant Hyundai Motor Co said, it is in the process of creating a family of electric vehicles which will be sold under the Ioniq brand which it expects to become the world’s third-largest EV seller by 2025, said the company. The “elevation of Ioniq from an individual vehicle nameplate to a brand”…
On Friday, Germany’s Ifo economic institute stated, the country’s industrial sector, which ot battered due to the Wuhan coronavirus induced lockdown, expects an increase in production levels in the coming three months. “The industrial sector is continuing to work its way out of the trough in production,” said Ifo economist Klaus Wohlrabe following the publication…
In a statement on Friday, Southeast Asia’s biggest country Indonesia said, it has added, Facebook, TikTok, Disney, Amazon, Netflix, Spotify, and Google to the list of tech companies which will have to pay a 10% value-added tax on their sales in the country. With a population of around 270 million, Indonesia is a big market…
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