In order to take advantage of the billions of dollars of investor cash that has caused a record-breaking rally in the tech IPOs in the United States so far this year, some of the tech companies of Europe are getting ready to hasten up plans for a public listing early next year. Even prior to…
On Wednesday, in a statement Zoom Video Communications Inc stated, it would expand its footprint in Singapore by opening a research and development centre; it also plans on hiring hundreds of engineers for its new office premise. Zoom also plans on doubling its data centre capacity in Singapore. It launched its first data centre in…
On Wednesday, hydrogen plane startup ZeroAvia stated it had secured $21.4 million in a funding round led by Bill Gates’ Breakthrough Energy Ventures to develop zero-emission commercial aircraft. The startup’s prototype hydrogen powered propeller plane has already completed 10 test flights. Its backers includes Amazon and energy giant Royal Dutch Shell. Hydrogen, which produces water…
On Tuesday, Alliance for Automotive Innovation, a major automotive trade association urged U.S. policymakers to back support for electric vehicles (EV), including new incentives to boost up consumer purchases, as well as research and development. U.S. President-elect Joe Biden has made boosting electric vehicles a top priority and has pledged to build 550,000 new EV…
Social media companies operating in Britain, including Twitter, Facebook, and TikTok could face fines up to 10% of their respective turnover if they fail to remove and limit the spread of illegal content under laws proposed by Britain on Tuesday. In a statement the British government said, social media platforms will need to do more…
On Tuesday, according to a report from Japan’s Nikkei newspaper, Apple Inc plans on boosting the production number of iphones by nearly 30% to up to 96 million units. According to the report, which cites sources familiar with the matter at hand, Apple has asked suppliers to produce around 95 million to 96 million iPhones,…
There was an outage of a number of Google’s services including Gmail, YouTube and Google Docs throughout the world on Monday. However there was reportedly no apparent impact of the technical standoff on the working of Google.com and Chrome. The outage resulted in temporary unavailability of Google Classroom which prevented many students around the world…
German investigators are investigating the social media giant Facebook in relation to the company’s virtual reality headset – the Oculus Quest. Facebook has made it mandatory for an owner of the Oculus Quest 2 to have a working account on the social media which has been criticised severely by VR fans and reviewers. According to…
In a statement social network firm Reddit said, it would acquire TikTok rival short-video platform Dubsmash. Although Reddit did not disclose the financial terms of the deal its spokeswoman said the acquisition was based on a combination of cash and stock. TikTok’s proliferance has led many social media companies to add short-video services to their…
On Monday, computer gaming giant Electronic Arts said, it had agreed to acquire Codemasters for $1.2 billion, trumping an earlier agreement between the British company and rival Take-Two Interactive Software. Under the terms of the agreement, shareholders of Codemasters will receive 604 pence per share, compared with the 485 pence per share Take-Two had offered.
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