A super computer that would have the processing power of 10,000 trillion calculations every second would be built at the University of Edinburgh in Scotland, Britain, after the varsity secured a funding of $104 million last week for the project. The announcement of the funding was made by Britain’s Chancellor of the Exchequer Philip Hammond…
If reports are to be believed, Apple Inc. is now targeting prestigious film awards, including the Oscars, for an upcoming series of original movies and TV shows. According to reports quoting source with knowledge of the issue, this approach by Apple shows its ambitions for dominating Hollywood with its video streaming service which is being…
According to a report published in the news agency Reuters, US based ride-hailing taxi app company Uber would be launching its much awaited initial public offering sometime in April this year. The report said that an investor roadshow, would be launched by it in April by Uber in addition to registering securities with US regulator…
Rise in global pollution resulting increase in the amount of anthropogenic greenhouse gases in the atmosphere in the last 30 years has made that period that warmest for Earth in over 2000 years of history of the Earth according to a joint study by the a group of Chinese and American scientists. The research of…
Facebook, which in recent years has been embroiled in a number of controversies related to data breach, security of private information of users and its platform being used for propagating fake news, has announced that it would be launching a new artificial intelligence tool that would enable the largest social media platform in the world…
UBS, the largest bank of Switzerland announced that it is apportioning an additional amount of nearly $400 million to its already announced legal provisions on Friday. The bank had been slapped with a huge fine last month of 4.5 billion euro ($5.09 billion). UBS has already appealed against the court decision in a higher court…
News Corp, the Australian arm of Rupert Murdoch, has suggested the competition regulator of the country that it is essential to break up Google in order to create a level playing field for media companies that is being over powered by its “overwhelming” market power. In order to make it easier for digital publishers to…
A call for immediate measures for stopping resource extraction to save the world from depletion was given by the United Nations Environment Program (UNEP) on Tuesday. According to the UNEP, the depletion of resources across the world has tripled since the 1970s. Increases in the extraction of materials was identified as the factor that has…
An investment of $400 million by the sovereign wealth fund of Saudi Arabia was returned back to the investors of the Middle Eastern country by Endeavor talent agency, essentially following up on its promise not to establish any new ties while also eliminating older ties with the kingdom as a mark of opposition to the…
There has been a contraction in the manufacturing activity in China for the third consecutive month in February 2019 according to data released by China’s National Bureau of Statistics. The Purchasing Managers’ Index (PMI) dropped to a level below the expectations of analysts. This level also marks the lowest level of the official manufacturing PMI…
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