Hacker gains access to Tyler Technologies’ internal network, U.S. election software safe

In a statement Tyler Technologies said, its network was hacked by a ransomware, a kind of computer virus through which hackers encrypts files and decrypt them once their payment demands are met. The hacker was able to gain access to its internal networks, but could not access to the systems it hosts for clients; incidentally,…

ChargePoint, World’s Largest EV Charging Network, To Issue IPO At 2.4 Billion Valuation

Following a merger with Switchback Energy Acquisition Corp, one of the oldest and largest electric vehicle charging networks of the world – ChargePoint Inc, will float an initial public offering, the company said on Thursday. The merger values the charging company at $2.4 billion. The company expects that the merger deal will be closed by…

U.S. grants Intel Corp licenses to supply select products to Huawei

In a statement Intel’s spokesman said, it has received licenses from U.S. authorities to continue supplying certain products to Huawei Technologies. The development comes at a time when U.S.-China relations have come under pressure with many intelligence agencies across the Western world saying China’s Huawei is a national security threat, especially after Beijing passed its…

Customer data likely exposed by two Shopify employees, financial data safe: Shopify

In a statement Shopify Inc disclosed, consumer data has been exposed following two of its employees trying to steal transaction data. Data of customers who shopped at fewer than 200 merchants listed on its e-commerce platform was most likely exposed after the attempted cyber theft. The data exposed includes names, address, email and order details.…

Tesla aims to ramp up battery production to 3,000 gigawatt-hours

Following Tesla’s unveiling of its plans to produce its own batteries in order to trim costs, shares of its two battery suppliers fell on Wednesday. Shares of South Korea’s LG Chem and Japan’s Panasonic have fallen with the news reaching the market. After initially opening higher, LG Chem’s shares was trading down by 3.1% while…

No More Coal-Fired Power Plants Will Be Build By The Industrial Giant GE

United States based industrial giant General Electric has decided to exit the market of constructing coal-fired power plants and focus more on greener projects. This move is being seen as a dramatic reversal in the policy of one of the largest makers of coal based power plants in the world. With the company prioritizing its…

ByteDance And Oracle’s Conflicting Account Of TikTok Deal

There is an apparent discrepancy about the details of the deal that as struck between the Chinese tech company ByteDance an American companies Oracle and Walmart over the divestment of the Chinese firm owned short video sharing app TikTok with both parties issuing conflicting statements on the matter on Monday. The two American companies had…

Mobile streaming service Quibi exploring strategic options to raise funds

According to a report from the Wall Street Journal, Quibi, the streaming service founded by former Disney executive Jeffrey Katzenberg, is exploring strategic options including a possible sale, a funding round or going public through a merger with a special purpose acquisition company. When asked to comment, Quibi said it does not comment on rumor…