Category: Tech News

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Amazon picks New York City and Virginia for $5 billion new headquarters

Amazon picks New York City and Virginia for $5 billion new headquarters

Amazon.com Inc picked America’s financial and political capitals for its split new headquarters, saying on Tuesday it will build offices for more than 25,000 people each in New York City and close by Washington,...

Germany plans 3 billion in AI investment: government paper

Germany plans 3 billion in AI investment: government paper

The German government has set aside around 3 billion euros for research and development of artificial intelligence, as Europe’s economic powerhouse seeks to close a gap in software-led innovation between it and America and...

Nigerian firm takes blame for routing Google traffic through China

Nigerian firm takes blame for routing Google traffic through China

Nigerian internet provider Main One Cable Co took responsibility on Tuesday for a glitch that caused some Google traffic to be temporarily misrouted through China, saying it accidentally caused the problem during a network...

CEO of Walmart’s India venture resigns after sexual assault accusation: source

CEO of Walmart’s India venture resigns after sexual assault accusation: source

The head of Walmart Inc’s Indian venture Flipkart Group, Binny Bansal, has resigned following an internal probe into “serious personal misconduct”, Walmart said on Tuesday, and two people familiar with the matter said it...

Exclusive: Dell taps banks to raise more cash for tracking stock offer – sources

Exclusive: Dell taps banks to raise more cash for tracking stock offer – sources

Dell Technologies Inc is working with investment banks to add more cash to a $21.7 billion offer to buy back a “tracking stock” tied to its software company VMware Inc as it nears a...

WeWork gets $3 billion in new funding from SoftBank

WeWork gets $3 billion in new funding from SoftBank

U.S. shared office space provider WeWork Cos has secured an additional $3 billion in funding from Japan’s SoftBank Group Corp, according to an investor presentation seen by Reuters.

Qorvo joins other Apple suppliers in cutting forecast

Qorvo joins other Apple suppliers in cutting forecast

Apple supplier Qorvo Inc cut its third-quarter forecast for profit and revenue on Tuesday, joining a handful of suppliers to the iPhone maker that have warned of an earnings hit due to lower demand...

Exclusive: German officials raise China alarm as 5G auctions loom

Exclusive: German officials raise China alarm as 5G auctions loom

Senior German officials are planning a last-ditch drive to convince the government to consider excluding Chinese firms such as Huawei from building the country’s 5G infrastructure amid concerns this could compromise national security.

China says U.S. controls on semiconductor firm break WTO rules

China says U.S. controls on semiconductor firm break WTO rules

The U.S. decision to cut off a Chinese state-backed chipmaker from U.S. suppliers amid allegations the firm stole intellectual property breaks World Trade Organization rules and aims to protect a U.S. monopoly, China told...

Israel renews licensing agreement with Microsoft

Israel renews licensing agreement with Microsoft

Israel’s government signed a new software supply deal with Microsoft on Tuesday, three months after saying it would not renew its contract with the firm due to a change in license terms that would...