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EXPLAINER: What's a SPAC, the latest craze on Wall Street?

WeWork will finally go public this year, allowing investors to buy and sell its shares. But not through a traditional IPO. In the two years since the office-sharing company’s failed IPO, a new way to launch a stock on Wall Street has become fashionable: SPACs. Special purpose acquisition companies have been embraced by big institutions […]

SolarWinds hack got emails of top DHS officials

Suspected Russian hackers gained access to email accounts belonging to the Trump administration’s head of the Department of Homeland Security and members of the department’s cybersecurity staff whose jobs included hunting threats from foreign countries, The Associated Press has learned. The intelligence value of the hacking of then-acting Secretary Chad Wolf and his staff is […]

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 […]

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 […]

UK variant hunters lead global race to stay ahead of COVID

On March 4, 2020, when there were just 84 confirmed cases of COVID-19 in the U.K., professor Sharon Peacock recognized that the country needed to expand its capacity to analyze the genetic makeup of the virus. The Cambridge University microbiologist understood that genomic sequencing would be crucial in tracking the disease, controlling outbreaks and developing […]

Chinese Girl Group “The9” hold first XR concert

Popular Chinese girl group THE9 held its debut “X-City” XR concert on March 26 and March 27, on via streaming platform, according to China-based iQIYI Inc. an innovative, market-leading online entertainer said. An immediate hit with viewers immediate success and has already sparked heated discussions amongst fans. “XR performance is so exciting” and “Now I […]

WeWork stock offer comes amid doubtful need for office space

Uncertainty about demand for office space in a global pandemic is a big risk that investors will have to weigh as WeWork makes a second run at a public stock offering. A year after the novel coronavirus turned office towers into ghost towns worldwide, the embattled communal work space company said Friday it would merge […]