Here’s one of the reasons why Donald Trump is limiting Chinese investment in the U.S.

Much of the U.S. government’s stance can be traced back to a report prepared by the U.S. Department of Defense, which warns of Chinese venture investors accessing “the crown jewels of U.S. innovation.” Although the U.S. Administration is pushing to protects national security interests by blocking Chinese investments in the field of artificial intelligence, machine…

Under investor pressure, Hyundai Mobis to meet Elliott Management next week

In the wake of corruption scandal revolving around the Samsung Group Hyundai Mobis has come under investor and government pressure; investors have also criticised the conglomerate of stripping Mobis of valuable assets and favoring the controlling Chung family at the expense of shareholders. As per two sources familiar with the matter at hand, Hyundai Mobis…

Microsoft’s highly internal secret database of bugs had been hacked in 2013

Microsoft’s internal database contains description of vulnerabilities of its widely used products, including its Windows operating system. This treasure trove of critical information, guarded by just a password, was accessed by hackers in 2013. According to 5 former employees of Microsoft, a highly sophisticated group of hackers had managed to break into Microsoft’s network security…

U.S. citizens are losing the battle for privacy, states brief filed by U.S. tech companies

The brief urges the U.S. Supreme Court to side with the digital rights of citizens against intrusive governments breaches of privacy. More than a dozen technology companies along with Verizon Communications Inc, the biggest wireless operator in the U.S., have called on the U.S. Supreme Court to formulate rules that will make it harder for…

General Electric wins defense contract worth up to $409 million from the Pentagon

This is significant since GE is aiming to develop next generation thermal power technology and control systems. As per a statement from the Pentagon, General Electric Co has been awarded a defense contract worth up to $409 million. The contract is for developing next-generation thermal power plants and control systems, as part of a government…