Business

Silicon Valley Makes a Rare Bet on Silicon With Startup Barefoot

Silicon Valley Makes a Rare Bet on Silicon With Startup Barefoot

16 Sep 2017 comment

For nearly two decades, venture capitalists in Silicon Valley have been losing interest in the technology that gave the area its name. According to Bloomberg, one startup is convincing them to take another look at silicon.

Rometty Sees AI Changing, Not Eliminating, Future Jobs

Rometty Sees AI Changing, Not Eliminating, Future Jobs

16 Sep 2017 comment

In IBM CEO Ginni Rometty’s vision of the near future, all businesses will need artificial intelligence to succeed, but software and machines will take jobs away from very few actual humans, according to Bloomberg.

Samsung Ties Robot-Car Efforts Into Harman After $8 Billion Deal

Samsung Ties Robot-Car Efforts Into Harman After $8 Billion Deal

15 Sep 2017 comment

Samsung is upping its $8 billion bet on automotive technology, forming a separate business unit within Harman to house autonomous driving products and plowing $300 million into a new fund investing in startups in the space, according to Bloomberg.

U.S. Bans Use of Kaspersky Software by All Federal Agencies

U.S. Bans Use of Kaspersky Software by All Federal Agencies

15 Sep 2017 comment

The U.S. government banned all use of Kaspersky Lab software in federal information systems, citing concerns about the Moscow-based security firm’s links to the Russian government and espionage efforts, according to Bloomberg.

Apple Is Said to Discuss $3 Billion Stake in Bain Chip Bid

Apple Is Said to Discuss $3 Billion Stake in Bain Chip Bid

15 Sep 2017 comment

Apple is playing the role of kingmaker in the contentious battle for Toshiba’s memory chips business, according to Bloomberg.

Oracle Gets More Momentum on Sales Growth

Oracle Gets More Momentum on Sales Growth

15 Sep 2017 comment

Oracle’s streak of revenue gains continued for a fifth straight quarter, buoyed by corporate demand for cloud-based software, according to Bloomberg.

Uber Legal Chief Said to Depart as CEO Sets New Course

Uber Legal Chief Said to Depart as CEO Sets New Course

14 Sep 2017 comment

Dara Khosrowshahi, the new CEO at Uber, laid out an initial set of plans during a staff meeting to get the troubled ride-hailing company back on course, according to Bloomberg.

Facebook Will Shut Off Ads for Publishers That Violate Standards

Facebook Will Shut Off Ads for Publishers That Violate Standards

14 Sep 2017 comment

Facebook is adding new standards for publishers that are eligible to run ads with their content. According to Bloomberg, they have to be real people, for example, and may be banned for posting false or sensational news.

Dell EMC and IBM Will Offer VMware Solutions on the IBM Cloud

Dell EMC and IBM Will Offer VMware Solutions on the IBM Cloud

14 Sep 2017 comment

IBM and Dell EMC announced an agreement to help accelerate cloud adoption by providing Dell 's commercial customers access to VMware solutions on the IBM Cloud. As part of the relationship, IBM has added Dell EMC infrastructure products into their Cloud, and expands VMware solutions.

SEAT Awarded for Promoting ICT in Spanish Business

SEAT Awarded for Promoting ICT in Spanish Business

14 Sep 2017 comment

AMETIC, the Multisectoral Association of Electronics, Information and Communications Technologies, Telecommunications and Digital Content Companies, has recognised SEAT with the 2017 Award for promoting ICT in Spanish business.

LinkedIn Co-Founder Hoffman Will Invest in U.K. Startup Hub

LinkedIn Co-Founder Hoffman Will Invest in U.K. Startup Hub

13 Sep 2017 comment

The venture capital firm led by LinkedIn co-founder Reid Hoffman has invested in Entrepreneur First, a London-based hub for startups, alongside Mosaic Ventures and Founders Fund, according to Bloomberg.

Apple Unveils iPhone X, iPhone 8, New Watch and Upgraded TV Box

Apple Unveils iPhone X, iPhone 8, New Watch and Upgraded TV Box

13 Sep 2017 comment

Apple unveiled its most important new iPhone for years to take on growing competition, according to Bloomberg.

China Is Said to Ban Bitcoin Exchanges While Allowing OTC Trades

China Is Said to Ban Bitcoin Exchanges While Allowing OTC Trades

12 Sep 2017 comment

China plans to ban trading of bitcoin and other virtual currencies on domestic exchanges, dealing another blow to the $150 billion cryptocurrency market after the country outlawed initial coin offerings last week, according to Bloomberg.

Google Takes Fight Over Record Antitrust Fine to EU Courts

Google Takes Fight Over Record Antitrust Fine to EU Courts

12 Sep 2017 comment

Google took its fight over a record European Union antitrust fine to the EU courts, starting a legal challenge that could take years to conclude, according to Bloomberg.

Fitness Tracking Startups Are Sweating Due to EU Privacy Regulators

Fitness Tracking Startups Are Sweating Due to EU Privacy Regulators

12 Sep 2017 comment

Startups hoping to sell health tracking devices and software to corporate customers are worried European regulators will torpedo their business model, according to Bloomberg.

Russia Makes U-Turn on Cryptocurrencies After Backing From Putin

Russia Makes U-Turn on Cryptocurrencies After Backing From Putin

11 Sep 2017 comment

Russia is drawing up rules about how to conduct initial coin offerings, breaking ranks with China after President Vladimir Putin signaled his approval for  digital currencies, according to Bloomberg.

Apple's New Phone Will Be Called iPhone X

Apple's New Phone Will Be Called iPhone X

11 Sep 2017 comment

Apple’s most important new phone for years will be called the iPhone X, according to Bloomberg, citing a leak of the company’s latest mobile operating system.

Dell Benefits in First Year After EMC Merger With Sales Up

Dell Benefits in First Year After EMC Merger With Sales Up

11 Sep 2017 comment

On the one-year anniversary of its historic tie-up with EMC, Dell is showing that bigger can be better, according to Bloomberg.

Apple and LG Said to Discuss OLED Deal For Supplies Starting 2019

Apple and LG Said to Discuss OLED Deal For Supplies Starting 2019

11 Sep 2017 comment

Apple will have to wait until at least 2019 to be able to move beyond Samsung for significant alternative supplies of next-generation, organic light-emitting diode screens for iPhones, according to Bloomberg, citing people familiar with the matter.

Banks Look to Step Up Employee Surveillance After Latest Scandal

Banks Look to Step Up Employee Surveillance After Latest Scandal

10 Sep 2017 comment

Banks already using algorithms to monitor traders are looking to expand surveillance to cover more employees in the wake of the Wells Fargo scandal, according to Bloomberg.

Facebook Said to Offer Hundreds of Millions for Music Rights

Facebook Said to Offer Hundreds of Millions for Music Rights

10 Sep 2017 comment

Facebook is offering major record labels and music publishers hundreds of millions of dollars so the users of its social network can legally include songs in videos they upload, according to Bloomberg, citing people familiar with the matter.

Apple to Sell $5 Billion of Debt to Fund Buybacks and Dividends

Apple to Sell $5 Billion of Debt to Fund Buybacks and Dividends

9 Sep 2017 comment

Apple is selling bonds again to finance its current round of share buybacks and dividends, according to Bloomberg.

Uber Is Said to Face FBI Investigation as Compliance Chief Exits

Uber Is Said to Face FBI Investigation as Compliance Chief Exits

9 Sep 2017 comment

Uber is under investigation by federal authorities in New York for its alleged use of a spyware program designed to undermine competition for its digital ride-hailing service, according to Bloomberg, citing people familiar with the matter.

Pokemon CEO Hints at Big Plans for Games on Smartphone and Switch

Pokemon CEO Hints at Big Plans for Games on Smartphone and Switch

9 Sep 2017 comment

It’s been more than a year since Pokémon Go took the world by storm, getting people to wander outside and look for virtual monsters with their smartphones. According to Bloomberg, the game became a social phenomenon, with adults and children gathering in parks and public areas to train their Pokémon.

Apple Is Said to Reach Music Deal With Warner; Sony Pact Next

Apple Is Said to Reach Music Deal With Warner; Sony Pact Next

8 Sep 2017 comment

Apple has secured a deal for songs from Warner Music Group, their first agreement with a major label since introducing its on-demand music service two years ago, according to Bloomberg, citing people familiar with the matter.

Foxconn Details Plan to Buy Toshiba Arm With Apple and SoftBank

Foxconn Details Plan to Buy Toshiba Arm With Apple and SoftBank

8 Sep 2017 comment

Foxconn is pressing its case to acquire Toshiba’s memory chips unit, as the Japanese conglomerate struggles to complete the sale, according to Bloomberg.

Huawei Surpasses Apple to be the Second Largest Smartphone Brand

Huawei Surpasses Apple to be the Second Largest Smartphone Brand

8 Sep 2017 comment

According to the latest research from Counterpoint’s Market Pulse for July, Huawei has surpassed Apple in global smartphone sales consistently for June and July. With August sales looking strong for the Chinese vendor, a hat-trick for Huawei could be on the cards.

Google Delivers an Answer to Apple on Augmented Reality

Google Delivers an Answer to Apple on Augmented Reality

8 Sep 2017 comment

Google has had impressive augmented reality technology for years, but few ways to get millions of people using it. The company thinks it has software to fix that now, according to Bloomberg.

Angry Birds Maker Plans IPO That May Value It at $2 Billion

Angry Birds Maker Plans IPO That May Value It at $2 Billion

7 Sep 2017 comment

Angry Birds maker Rovio plans to sell shares in a Helsinki initial public offering, seeking funds to support its resurgence seven years after releasing its best-selling mobile-game title, according to Bloomberg.

HPE Surprises With Revenue Gain After Slimming Down

HPE Surprises With Revenue Gain After Slimming Down

7 Sep 2017 comment

Hewlett Packard Enterprise is emerging from an aggressive effort to slim down, reporting stronger-than-projected quarterly sales on healthier demand for servers and storage gear that help run data centers, according to Bloomberg.