On Thursday, according to a source with knowledge of the matter at hand, Japan Display Inc, an Apple Inc supplier, is in talks with Ichigo Asset Management, to receive funding for up to $830 million (90 billion yen). In a statement, Japan Display stated, it was “in talks with Ichigo for investment” and plans to…
In its ‘Year in Sport’ report, fitness-tracking app Strava stated, every month nearly 1 million people are signing up for its fitness-tracking app which now tracks the activity trends of 48 million people in 195 countries. According to the report, nearly 7.5% of UK adults are on Strava and that they cumulatively ran 308.5 million…
In a statement, D-Wave Systems, a Canadian quantum computer firm which has the backing of Amazon’s CEO Jeff Bezos, as well as Goldman Sachs and others, said NEC Corp has invested in the company in its latest funding round. According to Dan Cohrs, D-Wave’s chief financial officer, NEC has committed to investing $10 million in…
Midst heightened regulatory scrutiny over Facebook Inc, the social media giant has dropped to the 23rd spot in Glassdoor’s list of “Best Places to Work” in 2020, down from the seventh spot it secured last year. Employees have given Facebook’s senior leadership as well as its work-life balance a relatively lower rating in Glassdoor; The…
In a complaint filed in the U.S. Court of Federal Claims, Amazon Inc has accused U.S. President Donald Trump of having a bias and exerting “improper pressure” in the awarding of a $10 billion cloud computing contract to its rival, Microsoft Corp. Amazon’s complaint states, Trump had launched a “repeated public and behind-the-scenes attacks to…
In a statement, South Korea’s LG Chem and General Motors Co disclosed, they plan on investing $2.3 billion to build an electric vehicle battery cell joint venture plant in Ohio, in what is stated to be one of the biggest battery facilities in the world. The plant, which will be built near GM’s closed assembly…
Finance ministers from the European Union have agreed that private digital currencies including Facebook’s Libra should not be allowed in the European Union until potential risks surrounding them are clearly addressed. The move confirms the tough stance claimed by the EU on stablecurrencies such as Facebook’s Libra, which incidentally has attracted criticism from global regulators…
On Thursday, Australia started an investigation into the potential usage of foreign influence using social media platforms such as WeChat, Facebook, and Twitter. The development comes in the wake of heightened concerns in the country that China is seeking to cast its influence in Canberra’s affairs. In the past, Russia had used social media to…
As per a Bloomberg report citing sources familiar with the matter at hand the U.S. Federal Trade Commission (FTC) has broadened its scrutiny of Amazon.com Inc beyond its retail operations and now includes its cloud-computing business as well. As per the report, U.S. antitrust enforcers have been asking software companies questions pertaining to Amazon Web…
In an effort to simplify the management structure at Google and its parent company Alphabet, the founders of Google, Larry Page and Sergey Brin, have decided to relinquish their positions as CEO and president of Alphabet. The reigns of the company would be handed over completely to the current Google CEO Sundar Pichai. “With Alphabet…
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