China to invest $2.12 billion for Artificial Intelligence park in Beijing’s Mentougou district

China wants to attract talent in AI areas of biometric identification, cloud computing, big data and deep learning and wants to apply them in military technology in order to gain a leverage over the United States. China is pushing ahead to fulfill its ambition of becoming a world leader in Artificial Intelligence by 2025 and…

Israel’s flag carrier El Al Israel Airlines Ltd to commence non-stop flights between Tel Aviv and San Francisco

With Israel being home to one of the biggest tech sectors in the world, the carrier is strategically re-branding itself and expanding its footprint in North America. On Wednesday, Israeli Airlines El Al Israel Airlines Ltd stated it will commence nonstop flights between Tel Aviv and San Francisco as it continues to expand its footprint…

Wixen Music Publishing Inc sues Sweden’s Spotify over copyright infringement for $1.6 billion

In its lawsuit Wixen Music Publishing has alleged that Spotify has made available thousands of songs to its users without getting a direct or a compulsory license from it which allows it to either distribute or reproduce the songs. Wixen Music Publishing Inc has sued Spotify, a music streaming company for allegedly using thousands of…

Britain could incentivize tech companies to remove extremist content from online platforms

Google’s YouTube has made rapid gains in machine learning technology and said, 83% of violent extremist content is removed without the need for human intervention. Britain may impose new taxes on tech giants, including Facebook, Apple and Google, as it finds way to mitigate the threat of online extremism by taking down material aimed at…

The tech sector emerges as the best performer in the European stock market

Shares of AMS, a chipmaker appreciated by 206% in 2017. On Friday, European stocks steadied their footings and were set to post their strongest gains since 2013 buoyed by surging tech stocks as well as a robust resources sector. Although the eurozone blue chip stocks dropped by 0.1%, the pan-European STOXX 600 index remained flat,…

South Korea to impose measures to reign in runaway speculation in Bitcoin

Among the measures South Korea will take is baning the anonymous opening of cryptocurrency accounts; the measures will also have legislative backing. On Thursday, the South Korean government said, it will impose additional restrictions in order to reign in wild speculation in Bitcoin, a cryptocurrency, that is being traded within the country. “The government had…

Companies Made Vulnerable To Cyber Hacker Attacks Due To Lack Of Adequate Cyber Security Professionals

There have bene allegations that the there is a shortage of adequate staffing in the cybersecurity sector which has left many companies exposed and vulnerable to cyber attacks by hackers. Now cyber security professionals say that there is requirement for better education and improved apprentice schemes for people engaged in cybersecurity jobs. While there were…

Rosstandart asks Nissan Motors to recall 106,340 of its cars in Russia

The Russian safety watchdog has called on the Japanese automaker to recall a series of its cars for issues concerning the deployment of its airbag. On Wednesday, Russia’s Rosstandart, a technical safety watchdog, has called Nissan Motor Co Ltd to recall 106,340 of its cars in Russia. As per Rosstandart, the recall would affect the…