The hike in 29% unplanned investment is due to rising cost of equipment. In a development that underscores a potential increase in demand for memory chips, SK Hynix Inc stated it would invest $17.8 billion (20 trillion won) in a new memory chip manufacturing plant which will open on Thursday in South Korea; the amount…
The attack comes despite robust security measures undertaken by Singapore, a highly wired and digitalized state which has made cyber security a core priority since more than a decade. On Monday, on a follow up on Singapore’s worst ever cyber attack which saw personal information of nearly 1.5 million people, including its Prime Minister being…
The criminal complaint sheds light on Apple’s secretive self-driving car project, many of which are detailed here. A criminal complaint filed by Apple against a former employee, Xiaolang Zhang, for allegedly stealing self-driving car trade secrets so as to work for a Chinese electric vehicle startup provides a window into Cupertino’s work on the technology,…
With Reserve Google is capitalizing on consumer’s preference for convenience: by integrating voice calls, with search engine results and using this data to complete actions on behalf of the user could potentially catapult Google into the next generation services company. In a significant development that marks Google transitioning its search engine capabilities to the next…
In the wake of increased incidents of near misses by unmanned vehicles and drones, a United Nations-led effort is making significant headway in the creation of a global drone registry where geo-fencing and blockchain technology is being used to ensure that drones listed in the registry are unable to fly near restricted airspace. Airlines from…
In a welcome move, the EU’s Social Media Working Group will formulate a long term strategy to deal with the protection of personal data harvested from social networks. Following the reporting of Facebook Inc’s fiasco in the way personal data of 87 million of its users were harvested for economic or political purposes, privacy watchdogs…
Here is why the Blackstone Group acquired a majority stake in Thomson Reuters Financial and Risk business – data is the new oil. Tony James, Blackstone Group LP’s President made it amply clear to investors that the future of Thomson Reuters Financial and Risk business is in selling data and not in selling terminal desktop…
With Sprint and T-Mobile ending their merger talks, it would appear that Sprint has triggered its contingency plan which allows it to leverage Altice’s cable network to develop and provide 5G connectivity. U.S. cable operator Altice USA is set to sell its its mobile service on Sprint Corp’s network under a new multi-year agreement. The…
Although Toyota AI Ventures aims to spread its investments worldwide, Israel’s penchant for excelling in high technology areas has increasingly drawn global attention to its startups. Following Toyota Motor Corp’s venture arm leading a $14 million investment in Israeli robotics company named Intuition Robotics earlier in July, the Japanese giant is looking to further invest…
Of the 270,000 accounts that have been compromised, 245,000 belong to Britons. Wonga, a UK-based lender has warned its customers in Poland and in Britain that their personal data may have been stolen in the latest major breach in the company’s security. Recent cyber-attacks have of late targeted British institutions, business, and banks, including, Talk-Talk,…
business-gurus.com 