A ruling by a U.S Federal judge has paved the way for a potential class action lawsuit against Facebook for its unlawful usage of the facial recognition process it uses on photos without getting prior user permission. In a blow to social media giant Facebook Inc, a U.S. federal judge has ruled that it must…
Oracle had reported a 31.7% rise in its cloud business which touched $1.57 billion in the last quarter. On Monday, Safra Catz, Oracle Corp co-CEO stated, she expects to see an acceleration in the company’s cloud business. Her statement comes in the wake of Oracle sales figures falling short of analysts’ expectations. As a clarificatory…
The move will add Clarity’s Money’s 1 million customers to Goldman Sach’s Marcus business. In a strategic move aimed at bolstering its online lending business, Goldman Sachs Group Inc has purchased Clarity Money, a personal finance startup. The acquisition will add more than 1 million of Clarity Money’s customers to Goldman Sachs’ Marcus business. Clarity…
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…
With a market capitalization of around $4 billion, Czech Republic headquartered Avast is aiming to a listing at the the London Stock Exchange in May 2018 where it expects to $200 million in primary proceeds. On Thursday, cyber security software firm Avast stated it plans on applying to the London Stock Exchange to list its…
The forward looking deal targets the hybrid and self-driving car market. On Thursday, Japanese truck maker Hino Motors Ltd stated it has formed a strategic tie-up with Volkswagen Truck & Bus GmbH. Toyota Motor Corp holds a majority stake in Hino Motors Ltd. The tie-up will enable the Hino Motors to expand in areas such…
With a funding round, led by SoftBank group, seeing WeWork’s valuation touch $17 billion, the tech startup was 2017’s hottest startups. As per three sources familiar with the matter at hand, WeWork Co, an American firm that provides shared technology startup subculture communities, workspaces, and services for large enterprises, freelancers, entrepreneurs, startups and small businesses,…
Once the deal comes through, it could provide much faster alternatives to existing Wi-Fi connectivity on airplanes. As per a Bloomberg report, citing sources familiar with the matter at hand, Alphabet Inc’s Google is negotiating with Nokia Oyj to purchase its airplane broadband business. The purchase could enable Google to provide faster alternatives to existing…
As a first step, cryptocurrency providers in Australia will have to register themselves with AUSTRAC and comply with KYC norms. On Wednesday, in a move aimed minimizing the risks surrounding cryptocurrencies, Australia has brought the country’s cryptocurrency providers under the purview of its financial intelligence unit, so as to monitor and take necessary action against…
Apple has reached a major milestone with this achievement. The next step is to encourage suppliers to follow suit. Apple has stated, it has achieved its goal of powering all of the company’s facilities, including data centers, retail stores and offices in 43 countries, with renewable energy. Many big U.S. companies, including Alphabet, Apple and…
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