Given its wide ranging potential, Washington wants to develop and leverage the power of quantum computing which is currently in its infancy. On Monday, in efforts aimed at boosting efforts at quantum computing, the White House is set to hold a meeting with academic experts, U.S. government officials, and leading tech companies including Alphabet Inc,…
Following an investigation Singapore’s antitrust watchdog concluded that Grab’s purchase of Uber’s Southeast Asian business has harmed consumers in Singapore. It has suggested remedial measures. Following Uber Technologies Inc’s sale of its Southeast Asian business to its regional rival Grab in March 2018, Singapore’s anti-trust watchdog has levied a combined fine of $9.5 million on…
There would be two distinct internets in the world within the next decade – one that would be led by the United States and the other by China, predicted Eric Schmidt, the former CEO of Google and executive chairman of its parent company, Alphabet. In reply to a question by economist Tyler Cowen at a private…
Given the similarities of Marketo’s business with Adobe’s cloud-based business, the cost synergies in the deal hit a sweet spot. Adobe Systems has agreed to acquire Marketo Inc from Vista Equity Partners Management, a private equity firm, for $4.75 billion. The acquisition will boost its cloud-based digital marketing business. Adobe is sharpening its focus on…
Samsung sees the DRAM memory market rising by 20% in 2018, while the NAND Flash memory market by 30%, down from its earlier forecast of 40%. According to a report from Bloomberg which cites 3 sources familiar with the matter at hand, Samsung Electronics Co Ltd plans to lower its production of memory chips in…
NHTSA’s rating system includes information regarding the soundness of a vehicle’s rollover safety features as well as crash protection mechanism built into the vehicle. In a significant development, U.S. auto safety agency NHTSA has awarded Tesla Inc’s Model 3 a five-star rating in tests that are standard for all cars in the United States. With…
About $60 million worth of crypto currency (6.7 billion yen) has been stolen once against from another Japan based crypto currency exchange after it was hacked. The exchange lost 5,966 bitcoins was among the hacked crypto currencies. The Tech Bureau operates the exchange which is called the Zaif. The exchange said in a statement on…
A court in China has issued a life sentence to the founder of a tech startup and his brother on charges of “fundraising fraud” according to reports published in the local media in the country. Ding Ning, founder of Chinese online peer-to-peer lender Ezubao and his younger brother, Ding Dian, were served the sentence this…
The issue of fake news is important to Singapore given the fact that it is a global financial hub, widespread proliferation of internet, its demographic mix of religious and ethnic populations and that it is scheduled to old elections by early 2021. Ever since it got independence from Britain 50 years ago, Singapore has been…
The move is likely to impact the revenues of brick-and-mortar supermarket stores. Bloomberg has reported citing 3 sources familiar with the matter at hand as saying, Amazon.com Inc is mulling a plan to open as many as three thousand Amazon Go cashierless stores in the country in the coming years. With the news reaching the…
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