Property technology startup Open Door Labs Inc. is the latest tech unicorn to go public as the company today confirmed it will do so through a reverse merger with Social Capital Hedosophia Holdings Corp. II. The transaction values Opendoor at $4.8 billion, with $1 billion in cash proceeds raised in the reverse merger. Founded in 2014, Opendoor ...

Society has not yet reached singularity, the hypothetical point in time at which technological growth surpasses human knowledge and will either destroy the world or save it. In a newly published roadmap, IBM today set stellar goals when it comes to a potential technology to reach that singularity: quantum computing. IBM’s roadmap details how Big Blue ...

Adobe Inc. shares rose in after-hours trading after the company reported record revenue in its fiscal third-quarter and beat analysts’ predictions. For the quarter ended Aug. 28, Adobe reported revenue of $3.23 billion, up 14% from a year ago. Adjusted profit per share rose 25%, to $2.57. Analysts had predicted $2.41 per share on revenue of $3.16 ...

Personally identifiable information relating to about 46,000 U.S. military veterans has been stolen in a cybersecurity incident involving a payments website operated by the Department of Veterans Affairs. The data breach involved “unauthorized users” gaining access to a VA application and changing financial information to divert payments from the department to community care providers “using ...

Southeast Asian ride-hailing companies Grab Taxi Pte Ltd. and Gojek are reportedly in merger talks on a deal being pushed by SoftBank Group Corp. founder Masayoshi Son. Grab, which is partially owned by Uber Technologies Inc. following Uber’s exit from the Southeast Asian market in 2018, is the region’s leading ride-hailing company. Gojek (formally PT Aplikasi ...

Despite Oracle Corp. confirming today that it had signed on as a “trusted technology partner” with ByteDance Ltd. for popular short video sharing app TikTok, the deal remains in doubt given that it did not include Oracle purchasing TikTok U.S. Exactly what “trusted technology partner” means in terms of the deal remains a mystery, a ...

Users of some Google LLC Pixel smartphones are complaining online that the batteries in their phones are swelling in what could potentially be a design issue with the phones. The issue is being primarily reported by users of the Pixel 3 and Pixel 3 XL phones, although some users are also reporting similar issues with ...

A database belonging to an online marketing company has been found exposed online, with most of the records relating to users of adult dating websites. Discovered by researchers at vpnMentor and publicized today, the 882-gigabyte database was traced to a company called Mailfire that primarily offers email marketing tools along with complementary services such as ...

Oracle Corp. reportedly has beaten Microsoft Corp. in a bidding war for the U.S. operations of TikTok, but in a catch, the deal may not include the sale of the popular short-video app. The Wall Street Journal, quoting a person familiar with the deal, said today that Oracle is set to be announced as TikTok’s “trusted ...

After several months of speculation that a deal was being discussed, it’s now official: Nvidia Corp. has acquired Arm Holdings Ltd. from owner SoftBank Group Corp. in a $40 billion deal that’s one of the largest in technology this year. Under the terms of the deal announced today, Nvidia will pay $21.5 billion in stock and $12 billion ...