The United States based electric car maker Tesla announced another quarter of profits and said that more than half a million cars will be sold by it in the current year. This propelled the share price of the company sharply in late trading. The last quarter of 2019 saw Tesla, founded by Elon Musk, announcing…
The rapid spread of coronavirus and the fear associated with it has forced Google to temporarily close all of its offices in China, Hong Kong, and Taiwan.Similar actions have also been taken by some of the largest tech giants of the West including Amazon and Microsoft in order to prevent its staff from getting infected…
The European Union has scrapped the likelihood of a ban on facial recognition technology in public spaces. In 2019, in a draft the European Commission had proposed the idea of a moratorium of up to five years to give the EU time to work on ways to prevent abuses of this technology. The pros and…
In a statement the California Institute of Technology stated, it has won a $1.1 billion jury verdict in a patent lawsuit against Broadcom and Apple. In the case, filed in a federal court in Los Angeles in 2016, Pasadena, California-based CalTech had alleged that Broadcom wi-fi chips used in hundreds of millions of Apple iPhones…
In a statement Facebook Inc said, it has in principle reached a $550 million settlement related to a lawsuit that claimed the social media giant had illegally collected and stored biometric data for millions of users without their consent. The lawsuit was filed in 2015 with Illinois users dragging Facebook to court for violating the…
The last update for its aging operating system Windows 7 was provided but Microsoft just days before the software giant had said that no more updates for the IS will be provided any more. This decision to come out with the update was made the United States tech giant after it was found that the…
The impact of the global grounding of its 737 Max planes is being felt by the United States based plane maker Boeing as the company reported its first yearly loss in more than two decades, the company announced on Wednesday. Analysts found a significant impact of the grounded 737 Max planes of the company as…
In a statement, Foxconn, formally known as Hon Hai Precision Industry Co Ltd, said it could continue to meet all manufacturing obligations in the wake of the coronavirus outbreak in China. “We do not comment on our specific production practices, but we can confirm that we have measures in place to ensure that we can…
On Tuesday, in a statement the British government stated, it will allow China’s Huawei a limited role in building its 5G networks. The statement also mentions, high-risk vendors would be excluded from sensitive core parts of networks, and that there would a 35% cap on their involvement in the non-sensitive parts. The development is likely…
India’s steel-to-autos conglomerate Tata Group, is making a big effort towards clean vehicles; it plans on producing electric cars and batteries, build recycling plants and set up charging stations around the country, said senior executives said on Tuesday. They went on to add, more than half a dozen companies, including Tata Chemicals, Tata Motors, Tata…
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