France’s National Assembly on Thursday approved the use of Artificial Intelligence (AI) video surveillance during the 2024 Paris Olympics, overlooking warnings from civil rights groups that the technology posed a threat to civil liberties. The government says algorithmic video surveillance can detect “pre-determined events”, abnormal behaviour and crowd surges, helping ensure the safety of millions […]
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Toshiba Corp’s board has accepted a $15.2 billion buyout offer from a group led by private equity firm Japan Industrial Partners, the company said on Thursday, potentially drawing a line under years of upheaval at the conglomerate. A successful deal, which would value Toshiba at 4,620 yen per share or 2 trillion yen in total, […]
Snap Inc, owner of photo messaging app Snapchat, launched a new division on Thursday that will help other companies build augmented reality features for their websites or apps. The division called AR Enterprise Services (ARES) marks the first time Snap will sell to business customers its AR technology, which can enhance photos and videos of […]
Hindenburg Research said on Thursday it held short positions in Block Inc, alleging that the Jack Dorsey-led payments firm overstated its user counts and understated its customer acquisition costs. “Our 2-year investigation has concluded that Block has systematically taken advantage of the demographics it claims to be helping,” the short seller said in a note […]
Sanofi’s asthma drug Dupixent met all targets in a trial to treat “smoker’s lung”, potentially adding billions to the French drugmaker’s growth prospects, but also underscoring a heavy reliance on its bestseller. In a late stage trial Dupixent, jointly developed with Regeneron, led to a 30% reduction in moderate or severe acute exacerbations of chronic […]
Private equity firms that acquired companies since the banking crisis started on March 8 have funded the deals mostly with their own funds, a departure from traditional leveraged buyouts that reflects their struggle to secure cheap debt. Four acquisitions of companies by private equity firms that were announced in the last two weeks were funded […]
Huawei Technologies on Thursday continued to press ahead against U.S. pressure by launching a new smartphone with a price starting at 4,488 yuan ($658), which it promised has a top end camera though it would only be able to use 4G. Richard Yu, CEO of Huawei’s consumer arm, spent almost an hour presenting Huawei’s self-developed […]
Cloud computing might be the solution for many issues plaguing operations for businesses. While the technology has seen some strides, you should note that cloud computing is not without risks. The advantages of cloud computing are often discussed way more than its risks. Here are some of the risks that come with the use of […]
TikTok creators and three U.S. Democratic Party lawmakers on Wednesday said they opposed any potential ban on the Chinese-owned short video sharing app that is used by more than 150 million Americans. On Thursday TikTok CEO Shou Zi Chew will testify before the U.S. House Energy and Commerce Committee amid growing calls for a ban […]
The telecommunications sector in underdeveloped countries has undergone a remarkable evolution over the years. From the days of state monopolies to the entry of private players, the sector has grown rapidly, bringing greater connectivity and convenience to people’s lives. However, the journey has not been without its challenges. Political instability, limited infrastructure, and challenges in […]