Search results for "tech companies "

Airbnb reports $834 million 3Q profit as revenue soars

Airbnb said Thursday that it earned $834 million on record revenue in the third quarter as more people got vaccinated and went back to traveling. When companies closed offices in response to the COVID-19 pandemic, that freed some employees to work remotely using video technology, and Airbnb said the result was a huge jump in […]

US puts new controls on Israeli spyware company NSO Group

The Biden administration announced Wednesday it is putting new export limits on Israel’s NSO Group, the world’s most infamous hacker-for-hire company, saying its tools have been used to “conduct transnational repression.” The company, whose spyware researchers say has been used around the world to break into the phones of human rights activists, journalists, and even […]

Autonomous vehicle maker Nuro secures $600M for expansion

Electric vehicle maker Nuro said Tuesday it had secured $600 million in funding from Google, Kroger and others to continue the development of its autonomous delivery vehicle service. The Silicon Valley robotics company has already made thousands of grocery deliveries with Kroger as a part of a 2018 partnership. “Demand for local deliveries is exploding,” […]

Musk says Hertz did not finalize 100,000 Tesla deal, Hertz fires back

Elon Musk announced on Monday that Tesla has not signed a contract with Hertz, despite the rental car firm’s disclosure a week ago of a significant deal with the electric car manufacturer. Tesla shares jumped by 12.6 percent following the announcement of a massive order from Hertz of almost 100,000 vehicles on October 25, granting […]

Facebook to shut down face-recognition system, delete data

Facebook said it will shut down its face-recognition system and delete the faceprints of more than 1 billion people amid growing concerns about the technology and its misuse by governments, police and others. “This change will represent one of the largest shifts in facial recognition usage in the technology’s history,” Jerome Pesenti, vice president of […]

Rural telcos fear ramifications of China-US trade war

Numerous U.S.-based Internet Service Providers (ISP) are set to obtain on October 29 reimbursements from the Federal Communications Commission (FCC), welcoming a filing opportunity to “rip and replace” Huawei and ZTE telecom equipment.  Bloomberg revealed a $1.9 billion program allowing ISPs to deliver cost estimates to the FCC to substitute previously installed equipment by Chinese manufacturers Huawei and ZTE between October […]

Tencent’s $1.27 billion Sumo Group acquisition directs U.S. regulations

The U.S. national security panel has launched an examination into Tencent’s acquisition of UK-based gaming company Sumo Group, exposing the Chinese giant to ferocious scrutiny. Earlier in July, Tencent Holdings’ $1.27 billion acquisition of Sumo Group granted the conglomerate an 8.75 percent stake in the British company. Sumo is deemed a prominent video gaming maker […]