Ford Motor Co. has hopped onto the electric scooter-sharing market through its acquisition of Spin, a competitor to Bird Rides Inc. and LimeBike Inc. The price of the deal for the company, formally named Skinny Labs Inc., was not disclosed. Axios reported a price of $40 million, while TechCrunch pegged the figure at close to $100 million. The ...

Samsung Electronics Co. Ltd. debuted a raft of new features and services at its annual developer conference today, the standout a demonstration of its long-awaited foldable phone prototype. The Samsung Infinity Flex display is a 7.3-inch, 1536-by-2152-pixel OLED display that can be folded in half. On the outside of the display, for use when the ...

Cryptocurrency mining firm Bitfury Group Ltd. today said it has raised $80 million via a private placement to continue to develop both its customizable chips and its blockchain platform. Founded in 2011, Bitfury is best known for its application-specific integrated circuit or ASIC chips that are used to mine cryptocurrencies, but it provides a full range ...

Hyundai Motor Co. again invested in Southeast Asian ride-hailing startup Grab Taxi Pte. Ltd. today to the tune of $250 million as part of a push to roll out electric vehicles. The South Korean carmaker last invested in Grab in January as part of a deal that saw both companies agreeing to explore ways to develop and ...

Old-school web traffic analysis tool provider Statcounter Inc. has been hacked, exposing users of the service to malicious code that attempts to steal bitcoin. Statcounter, established in 1999, offers a visitor tracking service that involves users installing JavaScript code on their websites to track visitors. The use of JavaScript is where both Statcounter and its users ...

Microsoft Corp. is rolling out the Pro version of Kaizala, an app similar to WhatsApp, to Office365 subscribers for free in an apparent effort to take on the Facebook Inc.-owned messaging service. Kaizala, started as a Microsoft Garage project in India, is pitched as a simple and secure mobile app for which users can easily sign ...

Carmaker Hyundai Motor Company today said it has made a strategic investment in allegro.ai, an Israeli startup that is developing a deep learning computer vision platform, through its investment arm Hyundai CRADLE. The amount of the deal was not disclosed. As part of the deal, allegro.ai technology will be used to improve the quality of Hyundai’s ...

Vulnerabilities in the way security is applied to solid-state drives manufactured by Samsung Electronics Co. Ltd. and Crucial brand drives made by Micron Technology Inc. allow hackers to easy access the drives according to a report published today. The findings, detailed by researchers Carlo Meijer and Bernard van Gastel from Radboud University, relate to the way the ...

Private equity investment firm Thoma Bravo LLC today said it has acquired application security firm Veracode Inc. for $950 million. The buy, part of a flurry of security-related acquisitions and initial public offerings in the past year or so, came as Broadcom Inc. finalized its $19 billion acquisition of CA Technologies Inc., the latter having ...

Startup ScienceLogic Inc., which offers artificial intelligence for information technology operations, a fast-growing field known as AIOps, today said it has raised $25 million in new funding to support a global expansion. The $25 million comes in the form of a credit facility from Square 1 Bank, a division of Pacific Western Bank. Founded in ...