Talks about the possibility of multibillion dollars fines being imposed on Facebook surfaced in Europe after a European regulator said on Friday that an investigation into why the largest social media company of the world was repeatedly failing to protect user privacy is being launched by it. After receiving multiple reports of data breaches impacting…
New challenges have cropped up for Chinese tech giant Huawei in Europe following an announcement by Germany’s Deutsche Telekom about its decision to review its vendor strategy. Additionally, Orange has also said that equipment from the Chinese company would not be used by it for its project of setting up the 5G network in France.…
Private pictures of millions of its users were exposed by Facebook without taking permission from the users, announced the largest social media platform of the world on Friday. Those photos that Facebook users might have shared publicly might have been accessed by third-party app developers because of a bug in recent times, the company said…
U.S. chipmaker Qualcomm had disclosed, a Chinese court had ordered a ban on the sales of selected older iPhone models for violating two of its patents. With Apple Inc facing a court ban in China over some of its iPhone models over alleged intellectual property infringements of Qualcomm Inc patents, Cupertino said on Friday, it…
GE will however retain a 10% equity stake in ServiceMax, a business that it acquired in 2016 for $915 million. General Electric Co stated, its digital unit will be selling its majority stake in cloud-based service provider ServiceMax. GE will sell its stake to private equity firm Silver Lake. However, GE will retain a 10%…
With this move, Apple will create 20,000 jobs in the U.S. and will plough in more than $10 billion, apart from the $1 billion for its new campus, over the next 5 years. Apple Inc stated, it would sink in $1 billion for its second campus in North Austin, Texas; it would also invest a…
Orb will use the proceeds for R&D, and growth purposes. On Thursday, Israeli blockchain startup Orbs disclosed, it has received an investment from Kakao Investment – the venture capital arm of South Korean internet conglomerate Kakao Corp. Orbs did not disclose the size of the investment. Earlier this year, Kakao had stated it would establish…
SoftBank will also source its 5G network equipment from Nokia and Ericsson rather than from Huawei: Nikkei In a significant development, Japan’s Nikkei has reported without citing sources, SoftBank Group Corp plans on replacing 4G network equipment from China’s Huawei Technologies Co Ltd with equivalent hardware from Nokia and Ericsson. Further, for its 5G network,…
The funding round saw the Alibaba Group making an undisclosed strategic investment in the startup. Optibus, a U.S.-Israeli mobility technology company stated, it has secured $40 million in a private funding round that was led by Insight Venture Partners and which saw a strategic investment from the Alibaba Group. Its existing investors, including Sir Ronald…
In recent years, faced with rising costs and a slump in sales, Samsung has shifted the bulk of its mobile production plants in facilities in India and Vietnam. A spokeswoman from Samsung Electronics has stated, the company will suspend operations at one of its mobile phone manufacturing plants in China. The development comes midst rising…
