The United States based ride hailing company Uber reported quarterly loss that was below the market expectations which sent the company shares soaring down. Increased competition resulted in the slowdown of revenue growth which led the company to report its highest quarterly loss ever. There is heavy spending being made by Uber and its rivals…
According to a recent report published in the online edition of the German magazine Der Spiegel, Mercedes-Benz owner company Daimler would be slapped a fine of between 800 million euros ($895 million) and 1 billion euros by the prosecutors in Stuttgart, Germany over violation and cheating of diesel related emissions standards. A form of cheating…
Apple launched the challenge at the annual Black Hat security conference in Las Vegas. In order to remove exploitable vulnerabilities from its mobile operating system, Apple Inc has announced a bounty of up to $1 million to cyber security researchers who detect flaws in iPhones. This is the largest ever reward Apple has offered to…
Despite its launch, Huawei is continuing to stick to Android to support its app developers. Without apps there will not be a market for its OS. On Friday, Huawei Technologies launched its proprietary operating system for smartphones and other devices. Following continued theft of U.S. intellectual property, in May 2019 the U.S. had imposed curbs…
Cell therapy developer BlueRock Therapeutics would be taken over via complete control by German drugmaker Bayer according to a deal worth up to $600 million. According to analysts, this investment move by Bayer is aimed to strengthen its position in a new and promising medical area as well as to develop its pipeline of medicines…
Information about Amazon’s voice activated virtual assistant Alexa has been sought from the company by the privacy regulators of Luxembourg which clearly indicates there are increasing concerns among the regulators about how the company makes us eof personal data of users – especially voice data. Politicians and privacy enforcers are now getting incerasingly concerned about…
Salesforce sees synergy in the deal as it would help it accelerate the growth of its Service Cloud platform. On Thursday, U.S. cloud-based service provider Salesforce stated, it has signed an agreement to acquire ClickSoftware, an Israeli software developer, for $1.35 billion in cash and shares. The acquisition of ClickSoftware, which makes cloud-based field service…
The development revolves around a highly invasive technology called Mobile Device Management. On Thursday, antitrust authorities in Russia disclosed, they have begun investigating Apple Inc following a complaint from cybersecurity firm Kaspersky Lab that Cupertino may be abusing its dominant market position. Russia’s FAS stated it was investigating why a new version of Kaspersky Lab’s…
Although Intel’s server chips will be launched next year, industry experts opine that machine learning features along with better memory management techniques could provide Intel the edge. Having said that, competition in the server chip space is always good since it lowers cost and improves efficiency. On Thursday, Advanced Micro Devices Inc stated, following the…
Brazil’s second-hand car market is booming and Volanty’s latest funding is proof of that. On Thursday, Volanty, a digital used car portal in Brazil stated, it has received a funding of $17.6 million (70 million reais) from a consortium of venture capital funds led by Japan’s SoftBank and Kaszek of Argentina. The development comes in…
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