Facebook’s 150 personal information sharing contracts with tech companies is now under a grand jury scrutiny. Question is can you ever trust Facebook? As per a report by the New York Times, U.S. federal prosecutors are conducting a criminal probe into data deals that Facebook Inc entered into with some of the world’s largest tech…
As per a source Nvidia has outbid Intel Corp for Mellanox. The deal assumes strategic importance since it will reduce Nvidia’s dependency on the gaming industry for its revenues. As per a source familiar with the matter at hand, Nvidia Corp is close to acquiring Mellanox Technologies Ltd for more than $7 billion. The potential…
The deal is part of a much touted $110 billions arms package. As per a statement from the Pentagon, Lockheed Martin Corp is to receive the first tranche of the of an $110 billion arms package which the Trump administration had negotiated with Saudi Arabia in 2017. The first package is toward the installation a…
Mike Pompeo’s underscores and highlights the growing and significant risks to using Chinese technology given their connection to the Chinese state. On Friday, Mike Pompeo, the Secretary of State of the United States of America highlighted the fact that the countries need to keep their “eyes wide open” on the risks of using Chinese technology…
Augmented Reality technology has the potential to improve the efficiency of businesses ranging from users at a factory floor to doctors and those at a farm. In its second push at Augmented Reality, Microsoft unveiled the latest edition of its HoloLens augmented reality headset with promises that it provides a more immersive augmented reality experience…
Abu Dhabi’s state-owned Mubadala Investment Co is aiming to invest between $5 million and $30 million in European startups. On Monday, as per a report from the Financial Times, Japan’s SoftBank Group has provided nearly 50% of the cash for the new $400 million fund by Abu Dhabi’s state-owned Mubadala Investment Co. Mubadala Investment Co,…
The Chinese ride hailing giant aims to focus on its core businesses this year. On Friday, a source familiar with the matter at hand disclosed, Chinese ride sharing giant Didi Chuxing will be laying off 15% of its workforce, roughly 2,000 people, in 2019. According to the source, Didi Chuxing’s CEO Cheng Wei told during…
