Microsoft Corp said on Monday it would buy artificial intelligence and speech technology firm Nuance Communications Inc for about $16 billion, as it builds out its cloud strategy for healthcare and enterprise customers. The deal comes after the companies partnered in 2019 to automate clinical administrative work such as documentation and as Microsoft tries to… Read More Microsoft set to acquire AI firm Nuance for about $16billion
Chinese regulators have fined Alibaba Group Holding Ltd 18 billion yuan (an equivalent of $2.75 billion) for violating anti-monopoly rules and abusing its dominant market position, marking the highest ever antitrust fine to be imposed in the country. The penalty, equivalent to around 4% of Alibaba’s 2019 revenues, comes amid an unprecedented regulatory crackdown on… Read More China fines Alibaba $2.75billion for violation of anti-monopoly rules
Cameras in Tesla cars are not activated outside of North America, the U.S. automaker said on its Chinese social media page on Wednesday, seeking to assuage security concerns in the world’s biggest car market. Tesla faces scrutiny in China where the military in March banned Tesla cars from entering its complexes, citing security concerns over… Read More Tesla says car cameras not activated outside North America
Apple Inc said on Wednesday that in the coming weeks it will start enforcing a new privacy notification rule that digital advertising firms such as Facebook Inc have warned will hurt their sales. Apple said the notices will become mandatory when its iOS 14.5 operating system becomes available in the coming weeks, though it did… Read More Apple set to begin enforcement of new privacy rule
Google research manager Samy Bengio is resigning in the wake of the firings of two colleagues who had questioned paper review and diversity practices at the Alphabet Inc unit, Bloomberg reported on Tuesday, citing an internal memo. Though at least two Google engineers had earlier resigned in protest of Gebru’s firing, Bengio is the highest-profile… Read More Google AI scientist Samy Bengio resigns over firings of colleagues
Amazon.com Inc illegally fired two employees who advocated for better working conditions during the pandemic, the U.S. National Labor Relations Board has found. The online retailer last year terminated the employment of Emily Cunningham and Maren Costa, who accused the company of enforcing policies in a discriminatory fashion and having vague rules that “chill and… Read More U.S. labor board says Amazon illegally fired employees over criticism of working conditions
The cryptocurrency market capitalization hit an all-time peak of $2 trillion on Monday, according to data and market trackers CoinGecko and Blockfolio, as gains over the last several months attracted demand from both institutional and retail investors. At midday, the crypto market cap was at $2.02 trillion. The surge in crypto market cap was led… Read More Cryptocurrency market cap hits $2trillion all-time record
The U.S. Supreme Court handed Alphabet Inc’s Google a major victory on Monday, ruling that its use of Oracle Corp’s software code to build the Android operating system that runs most of the world’s smartphones did not violate federal copyright law. In a 6-2 decision, the justices overturned a lower court’s ruling that found Google’s… Read More U.S. Supreme Court rules in favour of Google in copyright case with Oracle
