Samsung Group reportedly plans to invest $22 billion over three years in artificial intelligence, 5G mobile technology, electronic components for autos, and the biopharmaceutical business,
Saudi Arabia invests $2B in Tesla, Musk mulls taking the firm private
Elon Musk said he’s considering taking Tesla Inc. private in a radical step that, if successful, would ease pressure on the money-losing automaker.
iPhones are not eavesdropping on consumers, says Apple
Apple told US lawmakers that its iPhones do not listen to users without their consent and do not allow third-party apps to do so either.
SoftBank monetises tech investments, reports profit increase
Japan’s SoftBank Group Corp reported a 49 percent jump in quarterly profit on Monday, Reuters reported.
NYSE owner mulls digital assets firm
Intercontinental Exchange, the owner of the New York Stock Exchange, has announced plans to form a company and trading platform for digital assets, such as bitcoin, as well as a physically delivered bitcoin futures contract, Reuters reported.
Global PC shipments see growth for the first time in six years
Worldwide PC shipments totaled 62.1 million units in the second quarter of 2018, a 1.4 percent increase from the second quarter of 2017, according to preliminary results by Gartner, Inc.
Apple becomes first US-based company to hit $1 trillion value
The news comes after shares rose 2.9 percent to close at $207.39 in New York, propelling the consumer-technology giant’s market value to $1.002 trillion.
US to improve airport security with 3D tech
Soon, passengers travelling through US airports could be allowed to bring liquids into their bags.
Facebook to open new offices for 6,000 employees
Facebook has reportedly announced that it would double its presence in London, acquiring nearly 600,000 square feet (56,000 square metres) of office space across two buildings in King’s Cross
Sports technology to boost broadcast industry by $3.4 billion in five years
A new study from Juniper Research forecasts that future sports technologies, including professional sports wearables, in-game monitoring and the rapidly growing eSports channel, will see annual spend reach $3.4 billion by 2023.
EU adds charge to Qualcomm antitrust investigation
EU antitrust regulators have reportedly charged Qualcomm with a new violation in a case where the US chipmaker has been accused of selling chipsets below cost to drive out Nvidia Corp unit and British phone software maker Icera.
Global tech firms achieve first 5G commercial network data call
Ericsson, Telstra and Intel have achieved the first end-to-end multi-vendor 5G commercial network data call over licenced 3.5GHz spectrum.
Singapore health system hit by massive data breach
A major cyber-attack on Singapore’s government health database has reportedly stole the personal information of about 1.5 million people, including Prime Minister Lee Hsien Loong, Reuters reported.
Rising PC prices to result in flat growth of device shipments in 2018: Gartner
While the PC and tablet market is estimated to decline 1.2 percent in 2018, the mobile phone market is on pace to record an increase of 1.4 percent.