The results of a study done by PricewaterhouseCoopers is an eye opener. No wonder BlackRock’s Larry Fink is focused on emerging financial technologies. As per the results of a new study done by PricewaterhouseCoopers, large financial institutions across the world could lose 24% of their total revenues to advances made by financial technology companies in…
The move underscores BlackRock’s drive towards technologically backed investment decisions. The world’s largest asset manager, BlackRock Inc, has disclosed that Chuck Robbins, Cisco Systems Inc’s Chief Executive has been nominated to serve on its board of directors. In its statement BlackRock disclosed that Robbins will be joining the board as an independent director, if elected…
The Galaxy S8 has the potential to beat the sales record of its predecessor. Samsung’s chip division is all set to propel the South Korean tech giant to new heights for its first quarters in 2017. The quarter could potentially turn out to be sweeter than expected if its flagship, Galaxy S8, turns out…
Current on appealing on extradition charges to the U.S., Kim Dotcom has yet to detail why organisations will upload content through Bitcontent when their existing setup already has paying customers. Kim Dotcom, New Zealand’s controversial entrepreneur who earlier shot to fame when U.S. law enforcement agencies raided and closed down his site Megaupload for violating…
Alphabet’s Waymo has dragged Uber to court for pilfering its technology that has taken thousands of hours to perfect. The statistics provided by California’s Department of Motor Vehicles made an interesting read. The fact that Uber’s self-driving car program is a work in progress that doesn’t stack up with the progress made by its peers is…
While Ford sold 6.7 million cars in 2016 to get its net worth, Tesla sold less than 80,000 cars in the same period. In a landmark development for Tesla, Bloomberg has reported that the luxury carmaker’s value has surpassed Ford’s. While Ford Motors is currently valued at about $45.1 billion, Tesla is valued at $47.8…
As per the report, the Fed’s existing system used to monitor large banks is insufficient to timely detect a financial crisis in the making. A study by auditors of the Federal Reserve has found inconsistencies in the way the central bank monitors big banks. Their report also state that its lack of consistency is likely…
FCC’s proposal will result in prices shooting up. The Republican head of the Federal Communications Commission (FCC) has proposed to lower regulatory requirements in the $45 billion business of data services. Companies such as CenturyLink Inc, AT&T Inc and Verizon Communications and others have since long been clamouring for easing of norms. However the proposal…
The luxurious interiors are designed for tourists unlike the mission oriented capsules of SpaceX and the likes. With space tourism inching towards becoming a reality, Jeff Bezos’ Blue Origin has given plenty of glimpses inside its tourism-oriented New Shepard rocket. It has now released the interior photos of its New Shepard’s capsule for its utilitarian spacecraft…
The repealing of the safety provisions have given rise to a niche market for smaller broadband service providers such as California-based Sonic which offers free VPN services to its customers. With the U.S. Congress repealing rules that govern how internet service providers can use customer data, there is a renewed interest in virtual private networks…
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