Search results for "ai technology"

Microsoft wins $22 billion deal making headsets for US Army

Microsoft won a nearly $22 billion contract to supply U.S. Army combat troops with its augmented reality headsets. Microsoft and the Army separately announced the deal Wednesday. The technology is based on Microsoft’s HoloLens headsets, which were originally intended for the video game and entertainment industries. Pentagon officials have described the futuristic technology — which […]

China's Huawei says 2020 sales rose despite US sanctions

Chinese tech giant Huawei said Wednesday it eked out higher sales and profit last year but growth plunged after its smartphone unit was hammered by U.S. sanctions imposed in a fight with Beijing over technology and security. China’s first global tech brand reported sales of phones, network gear and other technology rose 3.8% over 2019 […]

Global banks warn of possible losses from hedge fund default

Swiss bank Credit Suisse said Monday it may have suffered a “highly significant” loss from a default by a U.S.-based hedge fund on margin calls that it and other banks made last week, while Japan’s Nomura said it could face a loss of $2 billion due to an event with a U.S. client. Credit Suisse […]

AT&T, Ericsson execs head The Next G Alliance’s 6G R&D efforts

Executives from U.S. telecoms provider AT&T and Swedish Ericsson have been announced as The Next G Alliance’s chair and vice chair respectively following an election conducted by the Alliance for Telecommunications Industry Solutions (ATIS). According to a statement by ATIS, Andre Fuetsch, Executive Vice President & Chief Technology Officer, AT&T, has been named chair of […]

Big Tech's outsized influence draws state-level pushback

New York state Sen. Michael Gianaris was ecstatic when Amazon named Long Island City in 2018 as a front-runner for its new headquarters, a project that would bring 25,000 jobs and $2.5 billion in construction spending to his district in Queens. But his support faded quickly when he learned that state and city leaders had […]

China cuts taxes to spur semiconductor development

China announced tax breaks Monday to spur growth of its semiconductor industry following U.S. sanctions that alarmed the ruling Communist Party by cutting off access to American processor chips for tech giant Huawei and some other companies. Leaders declared accelerating efforts to transform China into a self-reliant “technology power” to be this year’s top economic […]

Telenor unifies its IoT services portfolio

Norwegian telecoms provider Telenor Group announced late last week that it will be unifying its Internet of Things (IoT) services across the Nordic region and internationally, placing them under one large portfolio. “Effective immediately, Telenor IoT will be offered from all Telenor business channels in the Nordics, and internationally by Telenor Connexion and through selected […]