Alterations in policies of airlines about the manner in which lithium batteries can be taken on board planes has resulted in the closure in May of two smart luggage firms, and both the firms have laid this charge on airlines. Doing business had become almost impossible because of the alterations in the policies by several…
The measures proposed by the European Commission includes, blocking laws that ban EU firms to comply with U.S. sanctions law, not recognizing court ruling that enforce American penalties, start the legal process of working with Iran’s central bank and allowing EU banks to fund the projects of EU companies in Iran. On Friday, the European…
The move is aimed at maintaining the chinks in the well-oiled, tried and tested global automobile supply chain. U.S. demands for changes in NAFTA could significantly impact automakers and autospare makers. On Friday, an association of Japanese automakers stated, it hoped Japan’s export partners would stick to existing free trade relationships and keep tariffs on…
By 2025, China aims to displace U.S. dominance in the artificial intelligence industry. On Thursday, China’s news agency Xinhua stated, Tianjin plans on setting up funds worth $16 billion (100 billion yuan) to support the artificial intelligence industry. By 2025, China wants to become the world leader in artificial intelligence and displace the United States…
Within 4-5 years, it will be commonplace to see on our roads autonomous cars drive alongside human-driven ones. Here’s the lowdown on how of the leading players in this industry is making that happen. An official from Mobileye, Intel’s autonomous driving unit, stated it has signed a contract to supply 8 million cars with self-driving…
The online streaming service Netflix is set to launch 86 Netflix original films in 2018 according to media reports. That number is more than the combined number of films to be released by top four traditional studios and the previous record of Netflix of 61 films released last year. This aggressive measure is being taken…
Facebook pledged more transparency as it announced that it in the first three months of 2018, it has deleted over half a billion fake accounts and violent or obscene content that ran into millions, the company said on Tuesday. The herculean task that Facebook faces being the largest social media network in the world was…
Listing out the serious challenges posed by digital currencies, Federal Reserve Governor Lael Brainard opined blochain technology, the underlying technology that powers them, could be harnessed for facilitating and easing bank-to-bank transactions, as well as for payments in financial markets. In what is likely to be one of the Federal Reserve’s most detailed critiques of…
The investigating appears to focus on Cambridge Analytica’s financial dealings. As per a New Yorks Times report, the FBI and the U.S. Justice Department are investigating Cambridge Analytica, the now-defunct political data firm that was embroiled in a massive scandal over its handling of Facebook Inc user data. Prosecutors are wanting to question former Cambridge…
While multiple online platforms are trying to delete Islamic State online propaganda, the militant organization’s supports are using the Internet Archive to bypass those efforts according to a study. The extremist group used two hidden forums and the report examined hundreds of thousands of links that were posted there. In the last two years, both…
