Business

Europe Wants a Robot Army to Challenge the U.S. and China on AI

Europe Wants a Robot Army to Challenge the U.S. and China on AI

26 Apr 2018 comment

At the Bristol Robotics Laboratory in southwest England, dozens of tiny metal machines were poised to dance over a shiny white surface in “swarming” experiments to track how they organize themselves and work together, according to Bloomberg.

Apple Takes Next Step Toward Paying EU 13 Billion Tax Demand

Apple Takes Next Step Toward Paying EU 13 Billion Tax Demand

26 Apr 2018 comment

Apple will start transferring billions of euros to Ireland within months, after reaching a deal on an account to hold the cash while it fights a European tax case, according to Bloomberg.

Facebook Publishes Content Removal Policies for the First Time

Facebook Publishes Content Removal Policies for the First Time

26 Apr 2018 comment

For the first time, Facebook is letting people know its specific rules for taking down content once it’s reported to the social network’s moderators, according to Bloomberg.

Google CEO Poised to Cash In $380 Million Award This Week

Google CEO Poised to Cash In $380 Million Award This Week

25 Apr 2018 comment

Google CEO Sundar Pichai is about to have a very big week, according to Bloomberg.

AMS's Outlook Spurs Fears of Weak iPhone X Demand

AMS's Outlook Spurs Fears of Weak iPhone X Demand

25 Apr 2018 comment

Apple supplier AMS shares tumbled after cautioning on negative operating margins, yet another semiconductor company to spark warnings from analysts of shaky demand for the iPhone X, according to Bloomberg.

SAP Raises Sales Forecast on Acquisition and New Cloud Bookings

SAP Raises Sales Forecast on Acquisition and New Cloud Bookings

25 Apr 2018 comment

SAP increased its sales outlook for the year to reflect a major acquisition and an accelerating cloud business, as Europe’s biggest software company benefited from increased global IT spending, according to Bloomberg.

Cambridge University Researcher Lays Out Links With Facebook

Cambridge University Researcher Lays Out Links With Facebook

25 Apr 2018 comment

Aleksandr Kogan, the researcher who shared Facebook user data with Cambridge Analytica, has said that a supply of anonymized user information he received from the social network came with no contract and no obligation to destroy it, according to Bloomberg.

Netflix Sells $1.9 Billion of Junk Bonds to Finance More Shows

Netflix Sells $1.9 Billion of Junk Bonds to Finance More Shows

24 Apr 2018 comment

Netflix tapped the junk-bond market again to help finance its next wave of shows, according to Bloomberg.

Lenovo May Lose Hang Seng Index Status

Lenovo May Lose Hang Seng Index Status

24 Apr 2018 comment

Lenovo is increasingly at risk of being dropped from Hong Kong’s benchmark equity index as its shares tumble more than any other technology company in the world, according to Bloomberg.

Toshiba Weighs Chip-Unit Options With Deadline Out of Reach

Toshiba Weighs Chip-Unit Options With Deadline Out of Reach

24 Apr 2018 comment

Toshiba is all but guaranteed to miss a May 1 deadline to sell its memory chips business to a Bain Capital-led group, according to Bloomberg, citing people familiar with the matter.

AT&T and Verizon Said to Face U.S. Probe Over Mobile Technology

AT&T and Verizon Said to Face U.S. Probe Over Mobile Technology

24 Apr 2018 comment

AT&T and Verizon are under investigation by U.S. antitrust officials over whether the companies colluded to make it tougher for consumers to switch wireless carriers, according Bloomberg, citing people familiar with the matter.

Ericsson Soars as Cost Cuts Start to Carry Through

Ericsson Soars as Cost Cuts Start to Carry Through

23 Apr 2018 comment

Ericsson’s as first-quarter results demonstrated that the Swedish network-equipment vendor is finally making progress in a protracted effort to reverse its fortunes, according to Bloomberg.

PwC and Microsoft are Expanding Collaboration to Cybersecurity

PwC and Microsoft are Expanding Collaboration to Cybersecurity

23 Apr 2018 comment

PwC announced an expansion of its collaboration with Microsoft to include a cybersecurity focus.

Samsung Launches Design Innovation Center in San Francisco

Samsung Launches Design Innovation Center in San Francisco

21 Apr 2018 comment

Samsung announced the launch of the Samsung Design Innovation Center (SDIC), a design lab dedicated to the integration of disruptive user-experiences to product design, in San Francisco, California.

Twitter’s Bet on Video Streaming Is Starting to Pay Off

Twitter’s Bet on Video Streaming Is Starting to Pay Off

20 Apr 2018 comment

Two years ago, even as its stock plummeted and takeover rumors swirled, Twitter was hatching a plan to become a force in live video.

ZTE Is Said to Seek Fix as U.S. Ban Threatens Access to Android

ZTE Is Said to Seek Fix as U.S. Ban Threatens Access to Android

20 Apr 2018 comment

ZTE executives are evaluating software options for the company’s smartphones after a U.S. technology ban threatened to cut off the operating system at the heart of its devices, according to Bloomberg.

Qualcomm to Cut 1,500 Jobs in California

Qualcomm to Cut 1,500 Jobs in California

20 Apr 2018 comment

Qualcomm will cut 1,500 jobs in California, the majority at the chipmaker’s San Diego headquarters, according to Bloomberg, citing documents filed with the state.

WeWork Venture Is Said to Pay 520 Million Pounds for London Offices

WeWork Venture Is Said to Pay 520 Million Pounds for London Offices

19 Apr 2018 comment

WeWork and two other companies paid about 580 million pounds for an office complex in the City of London district, according to Bloomberg, citing two people with knowledge of the deal.

Facebook to Follow Privacy Rules in Europe, Then Everywhere Else

Facebook to Follow Privacy Rules in Europe, Then Everywhere Else

19 Apr 2018 comment

Facebook is starting to comply with new privacy rules in Europe. And then, to get ahead of scrutiny everywhere else, the company said it will provide the same protections to the rest of its 2 billion users, according to Bloomberg.

IBM Turnaround Questioned on Slow Growth of New Businesses

IBM Turnaround Questioned on Slow Growth of New Businesses

19 Apr 2018 comment

IBM’s one-quarter growth streak is already in doubt, according to Bloomberg.

Bezos Says Amazon Topped 100 Million Prime Members

Bezos Says Amazon Topped 100 Million Prime Members

19 Apr 2018 comment

Amazon CEO Jeff Bezos said the company has exceeded 100 million paid Prime subscribers and will continue to invest to meet “ever-rising” customer expectations, according to Bloomberg.

Huawei Breaks Ground for a Fully Connected, Intelligent World

Huawei Breaks Ground for a Fully Connected, Intelligent World

18 Apr 2018 comment

Huawei held its 15th annual Global Analyst Summit in Shenzhen.

Tech Industry Signs Accord to Protect People From Cyberattacks

Tech Industry Signs Accord to Protect People From Cyberattacks

18 Apr 2018 comment

Microsoft, Facebook and dozens of other technology companies from around the world have come together to help protect people from malicious cyberattacks, according to Bloomberg.

Tech Giants Face 6-Hour EU Deadline to Hand Over Key Terror Data

Tech Giants Face 6-Hour EU Deadline to Hand Over Key Terror Data

18 Apr 2018 comment

Technology companies could be ordered to release electronic data to law enforcement agencies in as little as six hours under proposed EU rules aimed at speeding up access to evidence on crimes such as terrorist plots, according to Bloomberg.

Huawei and ZTE Targeted as Security Ban Advances at U.S. FCC

Huawei and ZTE Targeted as Security Ban Advances at U.S. FCC

18 Apr 2018 comment

U.S. regulators moved to extend a crackdown on China equipment makers as security risks, backing a ban on federal subsidies to buy networking gear from manufacturers such as Huawei and ZTE, according to Bloomberg.

Netflix Sees More Gains After an Excellent Quarter

Netflix Sees More Gains After an Excellent Quarter

17 Apr 2018 comment

Netflix posted its strongest start to a year since the company went public 16 years ago, thanks to fast growth in markets across Latin America and Europe, according to Bloomberg.

U.K. Lawmakers Warn Against Tech Giants Dominating AI Industry

U.K. Lawmakers Warn Against Tech Giants Dominating AI Industry

17 Apr 2018 comment

An influential body of U.K. lawmakers said regulators should stop major tech companies from dominating the field of artificial intelligence, and also warned on the potential of widespread unemployment due to the technology, according to Bloomberg.

Xiaomi Plans IPO Filing Next Month

Xiaomi Plans IPO Filing Next Month

17 Apr 2018 comment

Xiaomi has picked China’s Citic Securities to handle its issuance of Chinese depositary receipts as the company prepares to file for an initial public offering in Hong Kong, according to Bloomberg.

Adecco Buys General Assembly for $412.5 Million

Adecco Buys General Assembly for $412.5 Million

17 Apr 2018 comment

Adecco Group, which recruits both permanent and temporary employees for large businesses, is buying the digital retraining firm General Assembly for $412.5 million, according to Bloomberg.

Oracle Is Said to Lead Anti-Amazon Lobby on Pentagon Cloud Bid

Oracle Is Said to Lead Anti-Amazon Lobby on Pentagon Cloud Bid

16 Apr 2018 comment

Oracle is leading a campaign in Washington to prevent Amazon from winning a lucrative Defense Department computing contract that’ll be awarded in coming months, according to Bloomberg, citing three people familiar with the matter.