Eric David
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Toshiba sues Western Digital for $1B for delaying the sale of its memory business
Toshiba Corp. has missed its self-imposed deadline to sell off its memory business, which was supposed to take place before its annual shareholder meeting, and now Toshiba has filed a $1 billion lawsuit against Western Digital Corp. for its role in delaying the deal. Western Digital has objected to Toshiba’s attempts to sell its memory business ...
More than 2 billion people now use Facebook every month
Until recently, Facebook Inc.’s mission statement had been to “make the world more open and connected,” and it looks like the social media giant has made some good progress toward that goal, as it now boasts more than 2 billion monthly active users. Facebook Chief Executive Mark Zuckerberg (pictured) announced the new milestone today in a post on ...
New ransomware attack quickly spreads to 65 countries
Updated Wednesday Numerous businesses and government organizations across Europe and elsewhere have been hit by another major ransomware attack, which locks down vital files unless the victim pays the attackers money to release them. Reports put the number of countries to which the malware had spread to 65 countries, according to an assessment by Microsoft Corp. There was ...
Self-driving car startup Drive.ai raises $50M, adds AI guru Andrew Ng to board
The race to produce the first commercially available self-driving cars is heating up, and today Silicon Valley startup Drive.ai took a big leap forward by closing a $50 million Series B funding round and snagging AI pioneer Andrew Ng for its board. The funding round was led by New Enterprise Associates, and it included participation from new ...
Google hit with record $2.7B antitrust fine in Europe
The European Union has been investigating Google Inc. for antitrust breaches for several years, and today the European Commission slapped the search giant with a record $2.7 billion fine for engaging in anticompetitive behavior. The European Commission concluded today that Google abused its dominant market position to promote Google Shopping, a comparison shopping search tool that allows users to see ...
Software emulators are turning old games into new business
The NES Classic, a mini recreation of the original Nintendo Entertainment System, was one of the most hottest Christmas gifts last year. Now, Nintendo Co. Ltd. is looking to repeat its success with SNES Classic, a mini Super Nintendo set to release on Sept. 29 for $79.99. First released in Japan in 1990, the Super Nintendo became one ...
Western Digital worries Toshiba chip deal will leak tech to rival
Toshiba Corp. is getting close to completing the sale of its memory chip business, and U.S. computer storage company Western Digital Corp. still isn’t happy about it. For several months, Western Digital has argued that Toshiba cannot sell its memory business to a third party without permission because the segment includes joint ventures with Western Digital’s ...
Uber employees want CEO Travis Kalanick back, but he may be in more trouble than they know
Uber Technologies Inc. has been going through some major changes over the last few weeks, but it doesn’t look like the troubles at the ride-hailing giant are going to ease anytime soon. Just two days after Uber’s board demanded the resignation of co-founder and Chief Executive Travis Kalanick (pictured), hundreds of Uber employees have signed a ...
Zuckerberg sets new mission for Facebook: ‘Bring the world closer together’
For years Facebook Inc.’s mission statement has been to “give people the power to share and make the world more open and connected.” Today Chief Executive Mark Zuckerberg tweaked it to steer the social network toward becoming even more social in a “divided” world. Going forward, Facebook’s new mission will be to “give people the ...
Zenimax is still fighting for a cut of Oculus VR’s profits
Game publisher Zenimax Media LLC won a major court victory against Oculus VR Inc. earlier this year, earning a $500 million judgement, but it seems that Zenimax is still not finished with the Facebook Inc.-owned virtual reality company. In February, Zenimax filed for an injunction against Oculus, asking a judge to block Oculus sales unless ...