The surge has taken short sellers of the stock by surprise. On Tuesday, boosted by a strong demand for its GPUs, the share prices of Advanced Micro Devices (AMD) surged by 9% leaving short sellers low and dry. The rise in AMD’s stock price can be linked to a rally in Ethereum, a cryptocurrency, which…
Featuring realtime acoustic modelling, the HomePod will ship this December. On Monday, with the launch of the HomePod, Apple has taken aim at Amazon.com’s Echo devices featuring Alexa. The development underscores Apple’s move to launch a device into a completely new market segment after a gap of more than two years. With this launch, the…
While the Obama Administration’s focused on safety issues vis-à-vis self-driving vehicles, the current administration aims to ease the rules of business. On Monday, the head of the U.S. Department of Transportation stated that U.S. President Donald Trump’s administration will unveil revised guidelines for self-driving vehicles in the coming months. The announcement follows calls by auto…
Efforts are being made to make the U.S. ban more effective by coordinating with European officials. During an aviation industry meet on Monday, Oscar Munoz, the CEO of United Airlines disclosed that the Trump Administration’s ban on laptops is likely to be related to explosives being disguised as laptops which could be directly detonated onboard…
Given Foxconn’s deep ties with China, Japan is likely to block any move that will risk the transfer of sensitive technology to outsiders. On Monday, Japanese business daily, Nikkei has reported quoting Terry Gou, Foxconn’s chairman say saying, Amazon.com Inc and Apple Inc will be joining forces with Foxconn for a bid of Toshiba’s chip…
The difference in approach to Apple’s and Amazon’s personal assistant is telling. Following Amazon’s lead, Apple is expected to announce its plans this coming week for expanding Siri, its voice assistant, to a large variety of app, in efforts aimed at mirroring Amazon’s runaway success with Alexa. However, engineers and artificial intelligence insiders state, instead…
Toyota is funding the move given the immense brand visibility and marketing potential. In a significant breakthrough, On Saturday, Toyota Motor Corp along with engineers demonstrated their flying car with which they hope to light the Olympic flames for the opening ceremony of the Tokyo 2020 Summer Games. In 2014, a group of 30 engineers…
It was a human element and not an equipment failure, as earlier thought. On Friday, the Times has reported that last week’s chaotic scene at British Airways was caused by a contractor who inadvertently switched-off the power supply at one of its data centre. The innocent mistake knocked out its computer systems and left 75,000…
Although the music streaming company is keeping its cards close to its chest, a source however has disclosed its upcoming plans. Although Spotify disclosed on Friday that it has no immediate plans for an IPO, as per a source familiar with the matter at hand, the music streaming service is likely to come out with…
In the future, human truck drivers are likely to be restricted to local deliveries and pickups. On Thursday, Alphabet’s autonomous car driving division, Waymo, disclosed that the company is working on developing self-driving trucks. The company is looking for expand into self-driving trucks after it made significant headway in developing self-driving cars. It expects self-driving…
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