As per Lloyd’s of London report, a hypothetical cyberattack could cause widespread damage ranging from $4.6 billion to $53 billion, with a significant portion of it being unrecoverable due to companies being underinsured. A report filed by Lloyd’s of London states that a major global cyberattack could trigger an average economic loss of $53 billion,…
This case has the hallmarks of turning into something big. Definitely worth following. As per available court documents, Facebook Inc has challenged a gag order from a U.S. court that prevents it from disclosing 3 government search warrants that it says pose a threat to the freedom of speech. According to a filing in a…
Alibaba’s Echo will speak Mandarin and will be available in China only. According to sources familiar with the matter at hand, Chinese e-commerce giant Alibaba Group Holding Ltd is likely to launch a product that is almost identical to Amazon.com “Echo” speaker next week. Launched in 2014, “Amazon Echo”, is a portable speaker which can…
Cupertino is increasingly relying on businesses to be its revenue generating engine. The company has tied up with IBM SAP to encourage developers to write business apps for its ecosystem. On Monday, Tim Cook, Apple Chief Executive disclosed that the company is working with Cisco Systems Inc to help businesses that primarily use gear from…
It turns out, in the age of self-driven cars, car rental companies do have a future, albeit with a change in their business model. The self-driving car unit of Alphabet Inc, Waymo, has disclosed that it has signed a multi-year agreement with the Avis Budget Group Inc, a car rental company, for managing its growing…
Lattner’s resignation comes within 6 months of joining the company. In a troubling sign for electric luxury carmaker Tesla Inc, Chris Lattner, the head of its autopilot software, has left the company within six months of joining it. “Chris just wasn’t the right fit for Tesla, and we’ve decided to make a change,” said a…
Samsung – the world’s no. 1 chip manufacturer will not be effected by this crunch. With Apple set to launch its flagship, iPhone 8, later this year, electronics manufacturers across the globe are scrambling to stock up memory chips to keep production lines running. The iPhone 8 threatens to worsen the mismatch between supply and…
Given Foxconn’s deep ties with China, Japan is likely to block any move that will risk the transfer of sensitive technology to outsiders. On Monday, Japanese business daily, Nikkei has reported quoting Terry Gou, Foxconn’s chairman say saying, Amazon.com Inc and Apple Inc will be joining forces with Foxconn for a bid of Toshiba’s chip…
The difference in approach to Apple’s and Amazon’s personal assistant is telling. Following Amazon’s lead, Apple is expected to announce its plans this coming week for expanding Siri, its voice assistant, to a large variety of app, in efforts aimed at mirroring Amazon’s runaway success with Alexa. However, engineers and artificial intelligence insiders state, instead…
Tech giants are locked in a bidding war for academics who specialize in artificial intelligence. As per a report from Research firm CB Insights, 34 artificial intelligence startups were acquired in the first quarter of 2017, which is double the of the previous year of the same quarter. This insight is likely to be significant,…
business-gurus.com 