Tech

Tesla, U.S. regulators strongly criticized over role of Autopilot in crash

Editorial Bureau February 26, 2020

WASHINGTON- The National Transportation Safety Board on Tuesday sharply criticized Tesla Inc.’s lack of system safeguards in a fatal 2018 Autopilot crash in California and called U.S. regulators’ approach in overseeing the driver assistance systems “misguided.” NTSB

Tech

Salesforce co-CEO Keith Block steps down leaving Marc Benioff as sole chief

Editorial Bureau February 26, 2020

Salesforce.com Inc announced Keith Block stepped down from the co-chief executive officer position, leaving Marc Benioff as the sole CEO of the business software company, plummeting shares nearly 3% in extended trading. Block was seen as Benioff’s potential successor. Benioff founded the company in 1999 and shall continue as the chairman. Salesforce has spent over

Tech

SambaNova raises $250 million in BlackRock-led funding

Editorial Bureau February 26, 2020

Artificial Intelligence computing company SambaNova Systems announced that it had raised $250 million in a BlackRock led funding round to expand its customer base, a clear reflection of the market appetite from the investors’ part. The Series C funding round included investors like Intel Corp, Alphabet Inc, Walden International, WRVI Capital and Redline Capital.

Tech

Facebook to pay $3.50 per month to U.S. users for sharing contact info, study shows

Editorial Bureau February 26, 2020

WASHINGTON – German Facebook users would want the social media platform to pay them about $8 per month for sharing their contact information, while U.S. users would only seek $3.50, according to a study of how people in various countries value their private information. The study by U.S. based think tank the Technology Policy Institute […]

Tech

Elon Musk’s SpaceX rocket production facility approved by Los Angeles Port

Editorial Bureau February 26, 2020

LOS ANGELES – SpaceX, the private rocket company of high tech entrepreneur Elon Musk, won final approval on Tuesday to build a research and manufacturing plant for its deep-space Starship project on a tract of vacant land at the Port of Los Angeles. The Los Angeles City Council granted a permit for the facility by […]

Tech

UK court told Assange tried to call White House, Hillary Clinton over data dump

Editorial Bureau February 26, 2020

LONDON – Julian Assange tried to contact Hillary Clinton and the White House when he realised that unredacted U.S. diplomatic cables given to WikiLeaks were about to be dumped on the internet, his lawyer told his London extradition hearing on Tuesday. Assange is being sought by the United States on 18 counts of hacking U.S. […]

Tech

British fintech Revolut hits $5.5 billion valuation after funding round

Editorial Bureau February 26, 2020

LONDON – Digital banking app Revolut has raised $500 million (£386 million) in a fresh funding round, confirming the British-based business as one of the world’s most valuable financial technology firms with a valuation of $5.5 billion. The Series D funding round was led by U.S. investment firm TCV – which has previously backed Netflix, […]

Tech

U.S. Supreme Court rejects Apple appeal in patent fight with VirnetX

Editorial Bureau February 25, 2020

WASHINGTON (Reuters) – The U.S. Supreme Court on Monday refused to hear Apple Inc’s bid to avoid paying about $440 million in damages for using patent licensing firm VirnetX Inc’s internet security technology without permission in features such as FaceTime video calling. The justices rejected Apple’s appeal in the long-running case in which a

Tech

Mexico’s economy ministry hit by a cyberattack

Editorial Bureau February 25, 2020

MEXICO CITY – The Mexican economy ministry detected a cyberattack on a few of its servers but it doesn’t seem like sensitive information has been compromised. Following the attack, the Mexico economy ministry has beefed up their security measures. This is the second high-profile attack on the government. The previous incident took place last November […]

Tech

Intel unveils new data centre processor, 5G chip

Editorial Bureau February 25, 2020

Intel Corp on Monday launched new microprocessors, including a second-generation Xeon processor for data centres and a 10nm chip for wireless 5G base stations. Demand from cloud computing companies has boosted sales of server chips, leading to strong results from Intel and its rival AMD Corp. Intel’s Xeon chips have dominated the market for server […]