Microsoft has inked a deal with AOL that will see the tech giant handing over its display advertising business to the latter. As part of the 10-year deal, AOL will take over…
Category: Business
Brit sets up €1.6 billion crowdfunding campaign for Greece bailout
In a first of its kind initiative, Thom Feeney, a shoe shop worker from Yorkshire in the UK has started a crowdfunding campaign on IndieGoGo to bailout Greece with a goal of…
Global facial recognition market to reach new heights in the coming decade
The global facial recognition technology market will witness a huge growth over the next decade or so, a new research report has claimed. According to Tractica, annual facial recognition devices and licenses…
Microsoft CEO Satya Nadella has a new mission for company
Microsoft chief executive Satya Nadella on Thursday outlined the company’s new mission and outlook for the 2016 fiscal year. In an internal email sent out to employees, which was obtained by GeekWire,…
Microsoft to commission three “hyper-scale” data centers in India by year end
Tech giant Microsoft on Wednesday announced it will commission three “hyper-scale” data centers in India before 2015 end. “Microsoft has already started a private preview of these data centres with over 100…
Major management reshuffle at Microsoft results in Stephen Elop’s departure
Microsoft has reportedly reshuffled its top management team resulting in the departure of several senior executives. This perhaps is the company’s biggest organizational shake-up yet under CEO Satya Nadella. Four of the…
Intel completes Recon Instruments’ acquisition
Intel has completed the acquisition of Recon Instruments thereby further strengthening its position in the wearables market. Recon Instruments considers this acquisition a huge milestone for the company and a pivotal event…
Nokia returning to mobile phone business; will design, not manufacture, them
It’s official! Nokia is returning to the mobile phone business in 2016 according to company’s CEO Rajeev Suri and this development will literally see the Finnish networking giant bringing back its phones…
Google, Permira may join hands for Tesco’s customer data business
Reports are flowing in about a possible collaboration between Google and Permira for a joint bid for British retailer Tesco Plc’s customer data business. Tesco’s data department, Dunnhumby, could be valued at…
Nokia, LG ink patent licensing deal
LG has inked a patent licensing agreement with Nokia under which it will license mobile communication technologies from the Finnish company and in return pay royalties, it has been revealed. The two…
Ofcom proposes cap on prices of BT’s high-speed business lines
UK telecommunications watchdog Ofcom has proposed capping of BT’s wholesale prices of leased telecoms lines, which provide vital high-speed links for businesses and providers of superfast broadband and mobile services. Last month…
Oculus VR acquires virtual reality startup Surreal Vision
Facebook-owned virtual reality headset maker Oculus VR has reportedly acquired Surreal Vision, a company that specializes in generating real-time, 3D worlds. The acquisition of Surreal Vision hints at Oculus making a move…
OnePlus to make a ‘big announcement’ on June 1
Chinese smartphone maker OnePlus has revealed on Twitter that it plans to make a big announcement on June 1. The teaser posted on the company’s official Twitter account shows image of the…
Jonathan Ive is now Apple’s Chief Design Officer
Apple has promoted one of its most important executives, Sir Jonathan Ive, to lead the newly created Chief Design Officer role. Jonathan previously held the role of senior vice president of design…
Diamler, Qualcomm join hands for connected car technologies
German automaker Daimler has collaborated with mobile technologies company Qualcomm to work on connected car technologies. Announcing the deal on Saturday, Daimler and Qualcomm said they were assessing the application of wireless…