NEW YORK (AP) — Amazon said Friday that it is buying self-driving technology company Zoox, which is developing an autonomous vehicle for a ride-hailing service that people would request on their phones. Seattle-based Amazon did not disclose how much it is paying for Zoox, which was founded six years ago in Foster City, California. Analysts […]
Technology
Ironically, Covid-19 has been a period of unprecedented challenges and growth. Covid-19 has accelerated digital transformation in ways we could never have imagined. It is believed by experts that our intense shift to digital brought on by the coronavirus has fast-tracked our capabilities well ahead of our time. Innovators and service providers have had to […]
Huawei might lose the United Kingdom 5G market but will never lose its reputation in the so-called hub for telecoms and technology. In 2019, Huawei submitted the first plan to build a Research and Development (R&D) center near Cambridge. On June 25, 2020, Huawei received the permission from Cambridge City Council to construct a 50,000 […]
SACRAMENTO, Calif. (AP) — California voters will weigh in this November on whether to expand a landmark data privacy law, alter a decades-old law that limits property taxes on businesses and exempt ride-hail giants Uber and Lyft from a new state labor law. They are among 11 measures Secretary of State Alex Padilla certified on […]
TOKYO (AP) — Masayoshi Son, the chief executive of Japanese technology company SoftBank Group Corp., said Thursday that he is stepping down from the board of Chinese e-commerce giant Alibaba. Son announced the change at the end of SoftBank’s general shareholders’ meeting. He emphasized that the decision was a “happy” one and did not reflect […]
A Black man who was wrongfully arrested when facial recognition technology mistakenly identified him as a suspected shoplifter wants Detroit police to apologize — and to end their use of the controversial technology. The complaint by Robert Williams is a rare challenge from someone who not only experienced an erroneous face recognition hit, but was […]
NEW YORK (AP) — Amazon said Tuesday that its carbon footprint rose 15% last year, even as it launched initiatives to reduce its harm on the environment. The online shopping giant said activities tied to its businesses emitted 51.17 million metric tons of carbon dioxide last year, the equivalent of 13 coal burning power plants […]
The global mobile money market is expected to witness a CAGR of 21.4% during the forecast period of 2020 to 2030, according to a new research report released by FMI. Quick turn made by some of high potential economies with limited digital financial inclusion among masses to digitize payments has been a key enabler for mobile money. […]
Internet of things (IoT) refers to billions of devices that are connected to the internet. These devices have the ability to transfer data without human-to-human or human-to-computer interactions. According to Bain & Company, the combined markets of the Internet of Things will grow to about $520 billion in 2021. This technology has now infiltrated into […]
BERLIN (AP) — German payment service provider Wirecard said Monday it has concluded that two accounts that were supposed to contain 1.9 billion euros ($2.1 billion) probably don’t exist, deepening troubles that last week prompted the resignation of its chief executive. Wirecard AG was once regarded as a star of the growing financial technology sector, […]