With the widening of 5G networks and the industry leader Huawei Technologies of China now focused on its domestic market, Samsung Electronics is depending on its business opportunities of Europe for maintaining its growth momentum of its network equipment business, according to a senior executive of the South Korean company. According to market research firm…
The buy-now-pay-later business model of Klarna is not only cheaper for consumers compared to the credit cards but also is useful for preventing consumers from falling into a debt trap, said the chief of the company. Since his company does not charge interest or late payment fees, therefore consumers are better off dealing with the…
On Tuesday, a report from the Financial Times states, Nvidia Corp has submitted an application to Chinese competition regulators to review a $40 billion acquisition of UK chip designer Arm. “The application was made in recent weeks and sets in motion a period of scrutiny that could take up to 18 months”, said the report…
In a significant development, a group of 50 investors managing with more than $4.5 trillion in assets in total, have called on companies which are involved in the development and use of facial recognition technology, to do so in an ethical manner. The investor group, led by asset manager Candriam said, given the lack of…
In a tweet, Tesla’s CEO Elon Musk said, production for the company’s longest-range Model S Plaid+ has been canceled. “Plaid+ is canceled. No need, as Plaid is just so good.” tweeted Musk. Tesla had unveiled the Model S Plaid+ in 2020. It would have been the company’s top high-end model with a mile range of…
In a statement US officials said, they are applying more pressure on foreign adversaries and on domestic companies to fight cybercriminals; the Biden Administration is considering all options, including a military ones, to counter the growing threat. The U.S. administration is looking at “all of the options,” to defend the United States against ransomware cyber…
In a statement blockchain technology company Blockstream Mining said, Square Inc is set to invest $5 million to build an open-source, solar-powered bitcoin mining facility at one of its sites in the United States. In the announcement on its blog Blockstream said the “facility will be a proof-of-concept for a 100% renewable energy Bitcoin mine at…
Following a network-wide outage at Orange for several hours, France has tasked its cybersecurity watchdog to conduct an audit of the network. In a statement, Orange’s CEO Stephane Richard said, he was launching an internal inquiry into the disruption the results of which would be ready within seven days. In a letter to the head…
On Friday, a German IT company that serves many cooperative banks said, it was experiencing continued distributed denial-of-service (DDoS) attacks throughout the night. In a statement, “Fiducia & GAD IT AG said, the DDoS attacks started on Thursday morning, shutting down or hindering the websites of some cooperative banks in parts of the country”. While…
In a significant development, in a statement the Governor of Wyoming said, TerraPower LLC, a company owned by Bill Gates, and PacifiCorp have selected the state to build their first Natrium reactor project on the site of a retiring coal plant. TerraPower is an advanced nuclear reactor company founded by Gates around 15 years ago; PacifiCorp,…
