Eric David
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Intel looks stronger than ever despite the Spectre fiasco, but investors waver
Updated: The Spectre and Meltdown vulnerabilities may have hurt Intel Corp.’s public image, but the company’s earnings are stronger than ever. Intel released its first-quarter earnings today, which soared past analyst expectations and bumped the company’s share values by more than 5 percent in after-hours trading. Update: After a good night’s sleep, investors changed their minds ...
Thanks to strong mobile chip sales, Qualcomm posts another earnings beat
Updated: Qualcomm Technologies Inc. reported its second-fiscal quarter earnings today, and the mobile chip maker once again beat Wall Street expectations. Qualcomm posted a profit before certain costs such as stock compensation of 80 cents per share versus the 70 cents forecast by analysts. Revenue fell 13 percent, to $5.23 billion, thanks to the expense of a ...
EU probe could threaten Apple’s $400M deal to buy Shazam
Apple Inc. has once again found itself in the crosshairs of the European Union’s antitrust regulator. The European Commission announced today that it will open an extensive investigation into Apple’s $400 million proposal to buy Shazam, which it said “could reduce choice for users of music streaming services.” The commission is particularly concerned that Apple will be able to access “commercially ...
Telegram banned in Russia for refusing to hand over encryption keys
Privacy-focused messaging app Telegram today was banned in Russia for once again refusing to turn over its encryption keys to government authorities. Telegram Messenger LLP, the company behind the app, has been fending off the Russian Supreme Court for several months, but the court rejected Telegram’s final appeal in March. The court argued that Telegram’s end-to-end ...
Google’s DeepMind built an AI that navigates cities by sight, no maps needed
DeepMind Technologies Inc. has developed an artificial intelligence that learns city streets by exploring them “on foot,” allowing the AI to navigate without a map. The company, owned by Google LLC, outlined its methods in a new research paper, and DeepMind research scientists Piotr Mirowski, Raia Hadsell and Andrew Zisserman wrote a blog post late last week explaining why the ...
Spotify’s unusual IPO sparks investor uncertainty, but shares close up 13%
Music streaming company Spotify Technologies SA finally went public today on a positive note, with initial share trades leaping 26 percent ahead of their starting price in early trading. Spotify launched on the New York Stock Exchange under the ticker symbol SPOT with a reference price of $132 per share, putting the company’s valuation at about ...
Apple may spice up self-driving cars with VR entertainment system
Apple Inc. wants to solve road trip boredom by combining two of today’s most-hyped technologies: virtual reality and self-driving cars. The company filed a patent application for a VR system that would be integrated directly into an autonomous vehicle, providing passengers with “immersive VR experiences” that would give them an excuse to not talk to each other. Apple originally filed for the patent in ...
Google’s DeepMind opens new AI lab in Paris
DeepMind Technologies Inc., the machine learning company owned by Alphabet Inc., announced today that it’s opening a new artificial intelligence lab in Paris. The new lab will be headed by Remi Munos (pictured), a French native and senior researcher at DeepMind who has authored 150 research papers. In an announcement video, Munos said Paris is a ...
Facebook hopes privacy settings update will put users at ease
Following the recent Cambridge Analytica scandal, Facebook Inc. has been struggling to restore users’ confidence in how it handles their private data, and Facebook Chief Executive Mark Zuckerberg assured users last week that the company will investigate and ban apps that misuse private data. Today the company announced updates that make its privacy settings easier to find and understand. Facebook ...
Apple tries to retake the classroom with cheaper iPad, new iWork features
Apple Inc. wants to regain its foothold in the classroom, and today the company held a special live event where it announced new products and software features aimed at educators and students. iPad The iPad has taken a back seat to some of Apple’s other devices in recent years, but the tablet is getting a facelift with a ...