Following on its plans and desire to gain Oscar glory, online video streaming company Netflix is set to make a major play to attract major Hollywood celebs and producers. According to a report published in the new channel CNBC quoting sources with knowledge of the matter, negotiations for the purchase of the historic Egyptian Theatre…
To date Grab has raised nearly $8 billion since its inception nearly 7 years ago. According to Grab’s CEO Anthony Tan, the transportation network company is looking to raise another $2 billion in 2019 to ramp up its expansion plans. This announcement comes in the wake of its latest funding round in which it cornered…
The European Commission is looking to setup ethical guidelines for artificial intelligence which should be transparent, secure, have human oversight and have reliable algorithms. They should also be subject to privacy and data protection rules. The European Commission stated, companies working with artificial intelligence need to install accountability mechanisms that prevent the misuse of AI.…
The European Union’s data protection supervisor will investigate whether Microsoft Corp is in compliance with the EU’s new GDPR rules. In a significant development, the European Union’s data protection supervisor disclosed, it has launched an investigation into whether services and products provided by U.S. software giant Microsoft Corp to EU institutions are in compliance with…
The EU’s competition enforcer has charged Volkswagen, BMW, and Daimler with hindering competition on emission cleaning technology between 2006-2014. On Friday, EU antitrust regulators have charged Volkswagen, BMW, and Daimler for hindering competition on emission cleaning technology for the period of 2006 to 2014. The European Commission said it had sent statements of objections setting…
In February, Germany’s cybersecurity agency had stated, the country had experienced a big increase in the number of security incidents hitting critical infrastructure, including power grids and water suppliers. German broadcasters BR and NDR had reported on these incidents. In a significant development, Germany’s largest drugmaker, Bayer stated it had mitigated a cyber attack on…
At IPO prices, Icahn’s 2.7% stake would be $550 million. The price paid by Soros is not clear. According to a report from the Wall Street, billionaire investor Carl Icahn sold his nearly 2.7% of his stake in Lyft Inc to George Soros ahead of its initial public offering. According to the report, Jonathan Christodoro,…
Elite U.S. university MIT has snapped ties with embattled Huawei Technologies and ZTE Corp over investigations by U.S. authorities that the Chinese firms violated U.S. sanctions. It is also ramping up its screening process. In a strategic and significant development, the Massachusetts Institute of Technology (MIT) stated it has snapped its collaborations with Huawei Technologies…
The U.S. airplane maker tested the upgraded MCAS anti-stall software on a test flight of the 737 MAX jet. On board the aircraft was its CEO Dennis Muilenburg. In a significant development, Boeing Co stated, Dennis Muilenburg, its chief executive, had joined a test flight on a 737 MAX 7 jetliner for a demonstration of…
The supply order for OLED screen for the Apple Watch marks Japan Display’s forray into the OLED market. In a development that comes as a breakthrough for cash-strapped Japan Display Inc, the company is set to commence the supply of organic light-emitting diode (OLED) screens for the Apple Watch later this year, said two sources.…
