Search results for "big tech"

China’s Tech Sector ‘self-correct’ in fear of repercussions

China’s tech sector hustles to free itself from trustbusters’ noose by self-correcting its behavior in a bid to get ahead of any impending regulatory rage from Beijing.    The country’s tech sector has played its latest card in what seems to be a never-ending battle between authorities and the industry. Some of China’s biggest companies […]

Vaccine maker BioNTech to use mRNA tech to target malaria

Pharmaceutical company BioNTech said Monday that it wants to use the mRNA technology behind its coronavirus vaccine to target malaria. The Germany-based company, which developed the first widely approved coronavirus shot together with U.S. partner Pfizer, aims to begin clinical trials for a “safe and highly effective malaria vaccine” by the end of next year. […]

Virginia Tech targeted in Kaseya security breach

On Friday, Virginia Tech spokesman Mark Owczarski informed local media that the university was affected by the series of global security breaches that crippled businesses throughout the world. Several university units employed Kaseya – U.S.-based software company – that was breached in early July in a worldwide ransomware campaign. According to Owczarski, the virus distributed […]

Everything you need to know about UK’s new $33 billion fintech unicorn

With the help of a fundraising initiative by SoftBank and Tiger Global Management, Revolut is now valued at $33 billion. The London-based digital banking startup has officially been labeled as the UK’s most valuable private fintech unicorn.  The fundraiser raised $800 million, which will be used to develop new products and stretch out its operations in international markets such as the United States and India.  Founded in 2015, […]

What are the benefits of using Open RAN technology?

Open Radio Access Network, Or Open RAN for simplicity, isn’t a new thing, but it is seeing a sharp rise in adoption coinciding with. It refers to open access to radio network architecture, and telcos are clamoring to jump aboard the band wagon.   A bandwagon that would otherwise be very, very expensive to implement for any one entity.  The biggest players in worldwide telecoms, those same ones […]

Tough EU Tech Rules backed by Lawmaker

EU lawmakers at the European Parliament aims to navigate the debate on tough new rules targeting Facebook, Google, and other big tech companies to secure support to Europeans’ fundamental rights. In December of last year, the European Commission (EC) suggested the Digital Service Act (DSA) that will oblige Big Tech companies to go the extra […]

The subtle rise of a China, U.S. tech cold war

Stakes have been mounting between two of the world’s major superpowers; however, the matter has shied away from ideologies and nuclear weapons and has moved matters into a realm etched into the very fabric of our everyday life: technology. Noticeably everything sharply ignited by former U.S. president Donald Trump’s blacklisting of Chinese tech titan Huawei […]

Biden: US damage appears minimal in big ransomware attack

President Joe Biden said Tuesday that damage to U.S. businesses in the biggest ransomware attack on record appears minimal, though information remained incomplete. The company whose software was exploited said fewer than 1,500 businesses worldwide appeared compromised but cybersecurity experts caution that the incident isn’t over. Also Tuesday, a security researcher who chatted online with […]

EXPLAINER: Why China is investigating tech firms like Didi

Chinese regulators have clamped down on the country’s largest ride-hailing app, Didi Global Inc., days after its shares began trading in New York. Authorities told Didi to stop new registrations and ordered its app removed from China’s app stores pending a cybersecurity review. The government said it was acting to prevent security risks and protect […]