Search results for "tech giant"

Google signs deal with WNBA to help champion women's sports

The WNBA signed a multiyear deal with Google on Monday to be the presenting partner for the league’s playoffs, part of the technology giant’s efforts to help champion women’s sports. Twenty-five WNBA games will be televised on ABC and ESPN in celebration of the league’s 25th season, with Google as the presenting sponsor. The league […]

Facebook reports soaring quarterly ad revenue, stock jumps

Facebook’s stock jumped Wednesday into record territory after the social media giant reported stronger-than-expected results for the first quarter thanks to soaring ad revenue. CEO Mark Zuckerberg said the extra money means the company will invest more in new areas of potential growth — including augmented and virtual reality, commerce, business messaging and content creators, […]

ZTE considered setter of global 5G standards, report finds

Chinese telecoms vendor ZTE Corp. has been included among major participants and setters of the global 5G standards for leading the world in 5G technology, patents, standards, industries, and terminals, according to a recent report by investment management company Jones Lang LaSalle (JLL). According to the report, ZTE has also been ranked in the first […]

Facebook says it halts hackers tied to Palestinian security

Facebook said Wednesday it has broken up a hacker network used by Palestinian President Mahmoud Abbas’ intelligence service in an attempt to keep tabs on journalists, human rights activists and government critics. The report by the social networking giant threatened to deal another embarrassing blow to Abbas’ Fatah party weeks ahead of parliamentary elections. Fatah, […]

Meituan raises $10 bln for self-driving cars, drone delivery

Chinese food delivery giant Meituan raised nearly $10 billion in a sale of convertible bonds and additional shares and plans to invest those funds in developing and expanding delivery technologies. The Beijing-based firm, China’s largest food delivery platform, said in a filing to the Hong Kong stock exchange that it sold 187 million additional shares […]

EU outlines ambitious AI regulations focused on risky uses

Risky uses of artificial intelligence that threaten people’s safety or rights such as live facial scanning should be banned or tightly controlled, European Union officials said Wednesday as they outlined an ambitious package of proposed regulations to rein in the rapidly expanding technology. The draft regulations from the EU’s executive commission include rules for applications […]

Analysis: Can Reddit Talk beat Clubhouse at its own game?

In a sort of domino effect, popular discussion and content platform Reddit announced on Tuesday a first look into its new audio tool called “Reddit Talk” to be integrated within its subreddits, in a bid to increase user real-time engagement. While Reddit Talk does have similarities to Clubhouse, the layout of the tool has a […]

Sanctioned Russian IT firm was partner with Microsoft, IBM

The Treasury Department on Thursday slapped six Russian technology companies with sanctions for supporting Kremlin intelligence agencies engaged in “dangerous and disruptive cyber attacks.” But only one of them stands out for its international footprint and partnerships with such IT heavyweights as Microsoft and IBM. That company, Positive Technologies, claims more than 2,000 customers in […]

Cybersecurity market to reach $300bn by 2027

The beginning of April was considered the worst week for social media firms across the aisle, as news headlines as far as the finger can scroll were swamped with news of billions of user accounts were leaked on a hacker forum for sale. Leaks affected social networking giants such as Facebook, popular audio drop-in app […]