In a significant development, Facebook has launched a short video services, called Reels, similar to ByteDance’s TikTok, in more than 50 countries including the United States. Reels has been embedded with its popular Instagram app. The product saw an immediate gain in traction with several celebrities adopting it including actress Jessica Alba, who posted a…

In a significant development, the state of Virginia has launched its first contact tracing app for the Wuhan coronavirus in the United States using a new technology from Google and Apple Inc. With this app, COVIDWISE, Virginia is hoping to help it catch newer cases faster than before; one hurdle facing it is boosting the…

According to sources familiar with the matter at hand, software firm Clearwater Analytics is exploring a potential sale which could value the investment management software firm, owned by private equity, at nearly $2 billion, including debt. According to two sources, Welsh, Carson, Anderson & Stowe, the buyout firm which acquired its majority stake in the…

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…

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…

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…

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…

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…

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…