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Emerging Tech

IBM and Verizon announce first testbed for 5G-enabled industry apps

By Mike Wheatley Aug 12, 2021

IBM Corp. and Verizon Communications Inc. are making progress on a partnership announced last year that will see them create 5G-enabled “internet of things” technologies for the industrial sector. The companies announced the launch…

Cloud

Agora raises $33M to automate procurement in the construction industry

By Paul Gillin Aug 12, 2021

Agora Systems Inc., a startup that automates procurement in the construction industry, today announced a $33 million funding round led by Tiger Global Management LLC. The Series B investment round brings the company’s total…

Security

$50M payment demanded from Accenture in ransomware attack

By Duncan Riley Aug 11, 2021

Information technology consulting giant Accenture PLC has been struck by ransomware that resulted in customer data stolen. The attack is believed to have taken place today. The LockBit 2.0 ransomware gang took responsibility, claiming…

Emerging Tech

Self-driving car startup Pony.ai scraps listing plans amid China crackdown

By Duncan Riley Aug 11, 2021

Chinese self-driving car technology startup Pony.ai reportedly has scrapped plans to go public in the U.S. as the Chinese government continues to crack down and regulate various sectors of the country’s economy. Reuters reported today…

Policy

US senators target Google and Apple app store dominance with new bill

By James Farrell Aug 11, 2021

A bill introduced to the Senate today could disrupt the dominance that Google LLC and Apple Inc. have in the app store domain. The bipartisan “Open Apps Market Bill” aims to “promote competition and…

Blockchain

Hacker behind $600M Poly Network cryptocurrency heist starts to return funds

By Duncan Riley Aug 11, 2021

In a strange turn of events, the hacker behind the theft of more than $600 million in cryptocurrency from cross-blockchain decentralized finance platform provider Poly Network has started to return some of the stolen…

Cloud

Weak outlook sends Rackspace stock down in extended trading

By Mike Wheatley Aug 11, 2021

Cloud computing services provider Rackspace Technology Inc. took an after-hours beating today after posting a weak outlook, despite besting expectations with its second-quarter financial results. The company reported a profit before certain costs such as…

Emerging Tech

Desktop Metal buys 3D printing rival ExOne for $575M

By Mike Wheatley Aug 11, 2021

Desktop Metal Inc. said today it will acquire one of its chief rivals in the 3D printing market for a hefty $575 million, shortly after posting its second-quarter results. The company, which was founded…

Big Data

In first acquisition, Airtable buys no-code data visualization startup Bayes

By Maria Deutscher Aug 11, 2021

Airtable Inc., the $5.77 billion startup behind the popular productivity platform of the same name, today announced that it has bought data visualization specialist Bayes Technologies Inc. in its first acquisition since its launch.…

Cloud

ServiceNow buys indoor mapping specialist Mapwize

By Maria Deutscher Aug 11, 2021

ServiceNow Inc. is acquiring Mapwize, a company based in Lille, France, with a software platform that helps employees of large enterprises navigate the office more easily. ServiceNow announced the transaction today. The company expects…

explore news

IBM and Verizon announce first testbed for 5G-enabled industry apps

Agora raises $33M to automate procurement in the construction industry

$50M payment demanded from Accenture in ransomware attack

Self-driving car startup Pony.ai scraps listing plans amid China crackdown

US senators target Google and Apple app store dominance with new bill

Hacker behind $600M Poly Network cryptocurrency heist starts to return funds

Desktop Metal buys 3D printing rival ExOne for $575M

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