The plans of launching its own crypto currency by Facebook are on their final stages. By the end of the first quarter of 2020, the company is targeting to set up a digital payments system in about a 12 countries. There are reports that by the end of the current year, testing of its crypto-currency…
Apex.AI aims to make the Robot Operating System (ROS) more robust and failproof so that it can be deployed in commercial self-driving vehicles. Palo Alto, California-based Apex.AI, a company which strives to make open-source self-driving software reliable enough to be commercially viable has hired Karl-Thomas Neumann, an industry veteran who has been the CEO of…
PayJoy aims to provide its services to consumers who have a smartphone but dont have a bank account. According to a 2018 world bank report, there are 1.7 billion adults globally who fall in this category. In a statement, U.S. fintech startup PayJoy, which enables consumers with no bank account, thus no formal credit history,…
U.S. trade action against Huawei having intended impact. China has termed the action taken by the United States against Huawei Technologies as “wrong actions” and has called for trade negotiations to continue. China’s comments underscores the effect of U.S. trade action which is cascading through Huawei’s global supply chains. Japan’s Panasonic Corp has joined a…
Across the world, a number of countries are ready to construct infrastructure for the latest mobile connectivity technology called 5G. The US restrictions and banning of the Chinese telecom equipment maker Huawei could prove to be beneficial to one of its closest global rivals in telecom equipment industry – Nokia, said Rajeev Suri, the Chief…
The ruling has significant ramifications for Qualcomm. The U.S. chipmaker has yet to disclose whether it will go on an appeal. In what is likely to be a landmark ruling, a U.S. judged has ruled that Qualcomm Inc has unlawfully suppressed competition in the market for cellphone chips and used its dominant position to impose…
TSMC, formally known as Taiwan Semiconductor Manufacturing Co Ltd, is the world’s biggest contract chip manufacturer. On Thursday, TSMC, the world’s biggest contract chipmaker, stated, its shipments to Huawei Technologies Co Ltd have not been affected by U.S. regulatory trade action against the Chinese telecom maker. These comments was made by TSMC’s spokeswoman Elizabeth Sun…
France will allow Huawei to bid for building its 5G network. In a significant development, French Finance Minister Bruno Le Maire disclosed, France will not rule out specific operators for establishing its 5G telecoms network and that participation of the players will be based on security and performance of networks. The comments come in the…
Hikvision’s audio and video surveillance equipment plays a key role in its mass detention centers, which essentially are concentration camps, which hold more than 1 million ethnic Uighurs and other Muslims. In a move that could significantly impact China’s monitoring of its citizens, the U.S. administration is considering imposing limits to Chinese video surveillance firm…
The women’s retailer Dressbarn clothing chain is set to close down its operations as the company is one the way to close down all of its stores, announced the company. The company however did not provide any timeline for the closing down of the about 650 of its stores. the company would however continue to …
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