Tencent steps up AI push with research lab in Seattle Chinese social media and gaming giant Tencent Holdings said on Tuesday it will open an artificial intelligence (AI) research facility in Seattle in the United States, to be led by former Microsoft scientist Yu Dong. Yu, who has been appointed […]
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Trump signs executive order to modernize U.S. government info tech President Donald Trump announced on Monday he has signed an executive order creating a new technology council to "transfer and modernize" the U.S. government's information technology systems. A White House official confirmed Monday that about 20 technology chief executives will […]
Twitter CEO Dorsey snaps up shares worth about $9.5 million Twitter Inc Chief Executive Jack Dorsey snapped up more than half a million of the company's shares for about $9.5 million, a regulatory filing on Friday showed. Dorsey bought 574,002 Twitter shares in multiple transactions at prices ranging between $16.47 […]
Tesla says it will stop selling solar door-to-door Tesla Inc (TSLA.O) on Friday said that its subsidiary SolarCity will curtail door-to-door sales of rooftop solar installations over the next month as Tesla seeks to absorb the company into its high-end brand. The move comes at a time when growth in […]
Qualcomm says Apple to stop paying royalties, cuts profit forecast Qualcomm Inc said on Friday Apple Inc will not pay royalties to its contract manufacturers, that are owed to the chipmaker, for sales made in the first quarter of 2017. Qualcomm, the largest maker of chips used in smartphones, also […]
Sony sees profit nearing 20-year-old record with 73 percent jump this year Sony Corp said on Friday it expects annual operating profit to surge 73.2 percent, closing in on a two decade-old record, as its cash-cow image sensor business recovers from quake damage and enjoys strong demand from smartphone vendors. […]
Amazon revenue soars as cloud, retail businesses dominate Amazon.com Inc's (AMZN.O) retail and cloud-computing sales rose in the first quarter, inching above Wall Street's expectations and sending the company's shares to an all-time high in extended trading. The world's largest online retailer said on Thursday net sales rose 23 percent […]
Tesla's Klaus Grohmann ousted after clash with CEO Musk – sources Tesla executive Klaus Grohmann was ousted last month after a clash with Chief Executive Elon Musk over the strategy of Grohmann's firm, which Tesla had acquired in November, a source familiar with the matter told Reuters. The Silicon Valley […]
Google parent Alphabet's profit up 29 percent on strong ad sales Google parent Alphabet Inc (GOOGL.O) posted a surge in profit and revenue on Thursday as its core advertising business continued to grow at an extraordinary rate and problems such as an advertiser boycott of YouTube had little impact. Alphabet's […]
Japan's Sharp posts narrower loss for the year, cost cuts paying off Sharp Corp on Friday reported a narrower annual loss for the year ended in March, as a cost-cutting drive by Taiwanese owner Foxconn started to show results. The liquid crystal display manufacturer booked an annual net loss of […]
