German agrees 100% depreciation of digital assets as part of economic stimulus measure

According to a statement from German Finance Minister Olaf Scholz, Germany will provide an annual tax relief of around 2.3 billion euros as part of part of a new measure to support purchases of digital assets, including computer software hardware. German state government and the federal government agreed on Tuesday, that digital assets could be…

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Electric scooter maker Superpedestrian raises $20 million in latest funding round

Electric scooter maker Superpedestrian said in a statement that it has raised $20 million for its diagnostic software that can spot impending hardware failure – an area that is of major concern for scooter operators. Although electric scooters have become a popular mode of transport in many cities, with the vehicles breaking down in a…

Huawei incentivizing employees to help shift its supply chain away from the United States

On Tuesday, Huawei Technologies stated, it will disburse $286 million (2 billion yuan) in cash as rewards to staff who are working to help it weather a U.S. trade blacklisting. Huawei is trying in full earnest to find alternatives to U.S. hardware after the U.S. Commerce Department nearly banned it in May from doing business…

Huawei and ZTE hardware and software pose security threats: Czech cyber watchdog

Huawei is facing strong headwinds from perceived national security threats from nations around the world due to its close proximity to China’s ruling Communist Party. Nations around the world have concerns that these close ties could enable China to easily snoop around and gather intelligence using Huawei and ZTE hardware and/or software. In a significant…

SoftBank to replace Huawei’s 4G network equipment with Nokia and Ericsson equivalent

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,…

National Cyber Security Center denies Chinese intelligence trojan horse chip report by Bloomberg

UK has plausibly denied Bloomberg report to lend a sense of calm so that it can continue identifying details of the perpetrators. On Friday, Britain’s national cyber security agency stated, it does not yet have any reasons to doubt the assessments made by Amazon and Apple refuting Bloomberg’s report that their systems had been compromised…

Volkswagen will not cover the full cost of hardware retrofit

VW stated it will cover hardware retrofits for older diesel cars if its accepted by the owners. On Tuesday, contradicting a deal announced by the German coalition parties, Volkswagen stated it is not prepared to cover the entire cost of hardware retrofits for older diesel vehicles in Germany. “If hardware retrofits are accepted by customers,…

China’s Tianjin plans on setting up a $16 billion fund for the AI industry

By 2025, China aims to displace U.S. dominance in the artificial intelligence industry. On Thursday, China’s news agency Xinhua stated, Tianjin plans on setting up funds worth $16 billion (100 billion yuan) to support the artificial intelligence industry. By 2025, China wants to become the world leader in artificial intelligence and displace the United States…