On Monday, e-learning company Skillsoft Corp stated, it has filed for pre-packaged Chapter 11 bankruptcy in order to trim its debt of around $2 billion. Skillsoft has agreed to enter into a restructuring agreement with majority of its lenders that would help it trim its debt to $410 million. Skillsoft filed for bankruptcy in the…
In a statement Germany’s Health Minister Jens Spahn said, Germany is scheduled to launch its coronavirus tracing smartphone app later this week. The development comes after brief delays to ensure the Bluetooth technology would work at the correct distance. The tool will play a critical role to help avoid a second wave of infections in…
The first commercial product from OpenAI, the machine learning nonprofit co-founded by Elon Musk, was released. This is a rentable version of a text generation tool which was once considered to be too dangerous to release by the organisation itself. Businesses are allowed to directly access the most powerful version of GPT-3, OpenAI’s general purpose…
The California, United States based video conferencing app owner Zoom has become very popular in China in recent months as the Chinese found this app a way to get connected with the outside world with the so called Great Internet Wall, a form of state censorship on the internet in China. However the services seem…
Face masks or all riders availing Uber services in the United Kingdom will be made mandatory by the ride sharing company starting next week. The measure was being taken by it “to help everyone stay safe”, said the minicab app firm. It added that measures to give access to drivers to protective equipment have also…
As many as 1,200 stores worldwide of the owner of the clothing brand Zara will be closed in an effort to provide a boost to the online sale of clothing amidst the chaos to its business because of the outbreak novel coronavirus pandemic. Between 1,000 and 1,200 mainly smaller stores will be “absorbed” by it,…
In an interview to Brazilian newspaper Folha de S.Paulo, the U.S. ambassador to Brazil, Todd Chapman stated, Washington is in talks with Brasilia on a funding framework for the acquisition of 5G telecommunications gear produced by Nokia and Ericsson. This type of funding is a matter of “national security” to Washington and aims to “protect…
After it came under the scanner of the authorities in the United States over security concerns, Chinese-owned short video app TikTok now is set to be face regulatory scrutiny in Europe. The data processing activities and privacy practices across the European Union of the ByteDance-owned app will now be investigated by the e European Data…
The restart of production of main factory of United States based electric car maker Tesla in California is having problems, according to media reports. Apart from threatening to move Tesla operations out of California, the CEO of the company last month also sued the Alameda County to force it to allow the company to restart…
More than 170,000 twitter accounts that were allegedly linked to an operation to spread pro-China messages have been removed by Twitter, the social micro blogging site has been has said. Making the announcement, the social media platform said that some of the accounts were engaged in posting about the coronavirus outbreak. “A core network” of…
