Although China’s Huawei Technologies has been consistently denying for years that it has not violating American trade sanctions on Iran, internal documents from the company which dates back to 2010 show that it was directly involved in sending prohibited U.S. computer equipment to Iran’s largest mobile-phone operator. As per internal documents from Huawei, two of…
On Thursday, in a statement the International Air Transport Association (IATA) stated, global airlines are likely to lose revenues in the range of $63 billion to $113 billion in 2020 due to loss of passenger traffic, depending on how the coronavirus spreads. On February 20, the IATA had estimated the outbreak would cost global carriers…
On Thursday, Finland’s Nokia Oyj stated, it has entered into partnership with Intel to speed up the shift to 5G. The announcement comes a day after a similar deal was made with Marvell Technology. Nokia has struggled to speed up the development of its Reefshark system on chips (SoC), which has been slower-than-expected; Nokia’s Reefshark…
Apple Inc and Netflix Inc stated, they are pulling out of the South by Southwest music and tech festival which is scheduled to be held later this month midst China’s coronavirus outbreak. As of Wednesday, the U.S. death toll from coronavirus infections stands at 11 with California Governor Gavin Newsom declaring a state emergency. Earlier…
In a statement, Advanced Micro Devices Inc and Hewlett Packard Enterprise Co stated, they had won a $600 million deal to deliver a supercomputer that will be used by the U.S. Department of Energy’s nuclear security arm to support the nation’s nuclear arsenal. The supercomputer, dubbed El Capitan, named after the famous rock face in…
In a statement, Twitter Inc said, it was testing a new type of tweet in Brazil, which disappears after 24 hours, a feature that is similar to the stories feature that appears on Snapchat Facebook’s Instagram. Called ‘fleets’, Twitter’s vanishing messages can be viewed by tapping on a user’s profile picture. They however do not…
Anthony Levandowski, the former head of Uber Technologies Inc’s self-driving technology unit, has filed for bankruptcy protection following a court order confirming that he must pay $179 million to Google to end a lawsuit over his split from Alphabet Inc’s Waymo. In December, an arbitration panel had ruled that Levandowski, a former key engineer in…
Microsoft Corp has joined the growing bandwagon of U.S. companies asking employees to work from home so as to limit their exposure to China’s coronavirus. Microsoft has asked many of its employees in the Seattle region and in the San Francisco Bay Area to work from home until March 25. “Taking these measures will ensure…
Alphabet Inc has canceled its annual developer event, Google I/O, midst growing concerns on China’s coronavirus which has started spreading outside China. “Over the coming weeks, we will explore other ways to evolve Google I/O to best connect with and continue to build our developer community,” said Alphabet Inc. On Monday, Alphabet had said it…
In a significant development, Lam Research Corp has released its first major new tool in two decades for producing more precise three-dimensional details on computer chips that play a vital role in today’s digital society. Lam Research has also committed to boosting its dividends each year and returning more cash to investors. Executives from Lam…
business-gurus.com 