Microsoft Corp. is diving deeper into the chip business in hopes of boosting its prospects in artificial intelligence. The software giant is continuing its development of field-programmable gate arrays (FPGAs) to improve performance and provide new capabilities in the data center that started back in 2011 under the name of Project Catapult. The company displayed its ...

Big Data analytics firm Palantir Technologies Inc. is being sued by the U.S. Department of Labor on the grounds that it discriminates against Asian job candidates. The suit alleges that the company systematically rejected Asian applicants in the resume screening and telephone interview phases even when they were as qualified as white applicants. Allegations of employment discrimination ...

Interest in the potential acquisition of Twitter Inc. continues to rise with a new report Monday claiming that Walt Disney Co. is also considering putting forward a bid for the company. Bloomberg broke the news, quoting people familiar with the matter as saying that that Disney has hired a financial adviser to evaluate a possible ...

In case you missed the news over the weekend, the company formerly known as Snapchat Inc., now simply known as Snap Inc., has entered the hardware game with a new pair of connected sunglasses by the name of “Spectacles” that allows users to take 10 seconds of video. The pair of glasses, which includes integrated video, ...

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) may finally have some competition with a number of major global banks signing on with Ripple Labs Inc. to found a new group that will support a new global transfer system based on Ripple’s blockchain platform. Founding members of the Global Payments Steering Group (GPSG) are Bank ...

The drought in successful tech initial public offerings (IPOs) may be officially over as shares in cloud information technology management software firm Apptio Inc. surged on their debut Friday on the Nasdaq exchange. Shares in Apptio, offered at $16, surged as high as $24.60 before ending the day at $22.55, up almost 41 percent. Goldman, ...

Google Inc. launched its virtual reality (VR) software development kit (SDK) out of beta Thursday with support for its Daydream VR platform. The new official release adds native integration in Google’s VR platform for the Unity game development platform enabling Daydream developers to take full advantage of all of Unity’s optimizations in VR rendering, along ...

Software-as-a-Service (SaaS) tax solutions provider Avalara Inc. has raised $96 million in a round that included Sageview Capital, Battery Ventures, Warburg Pincus and Technology Crossover Ventures. According to reports, $50 million of the raise will go towards further expansion, while the remaining $46 million will be used to buy out existing investors. Founded in 2004, ...

Southeast Asian Uber Technologies Inc. rival GrabTaxi Holdings Pte Ltd. has entered the self-driving car space with a new deal with nuTonomy that will see the two companies roll out self-driving taxis in Singapore. NuTonomy first rolled out its driverless taxi trial in August, beating Uber’s rollout of a similar trial in Pittsburgh this month, ...

In one of the largest hacks in history, Yahoo Inc. admitted Thursday that hackers were able to obtain the account details of more than 500 million users in a 2014 breach. The breach raised speculation about the potential impact on the Internet pioneer’s $4.8 billion deal to be acquired by Verizon Communications Inc. Yahoo said in ...