Industry

Worldwide server market revenue increased 37.7% YoY

Vendor revenue in the worldwide server market increased 37.7%, year over year to $23.4 billion during the third quarter of 2018 (3Q18), according to IDC.

Indonesian tech company Tokopedia raises $1.1 billion

Indonesian technology company Tokopedia has raised $1.1 billion in a financing round.

Qualcomm launches $100M AI investment fund

Qualcomm has launched an AI Fund as part of its venture investment wing, and says will invest up to $100 million in AI startups.

Apple launches app development program for women

Apple has launched Entrepreneur Camp, an initiative designed to create opportunities for app-driven businesses owned or led by women.

Hyundai Mobis to launch innovation center in the Valley

Seoul, Korea-based automotive supplier Hyundai Mobis, the "parts and service" arm for the  automakers Hyundai Motor Company, Genesis Motors and Kia Motors, is launching its first open innovation center, ‘M.Cube’ in Silicon Valley.

Intel achieves full US workforce representation

Intel has achieved full representation in its U.S. workforce, two years ahead of its 2020 goal, says the company.

ABB investing $150 million in new China robotics factory; where robots make robots

ABB is investing $150 million in Shanghai, China to build an automated and flexible robotics factory; where robots make robots. The factory is expected to begin operating by the end of 2020.

Micron Foundation announces $1 million grant for AI research

The Micron Foundation has announced a $1 million grant for universities and nonprofit organizations to conduct research into how artificial intelligence (AI) can improve lives. 

Facebook was hacked. 50 million accounts affected.

Facebook says it was hacked, and 50 million user accounts have been affected.

UK Met Office starts using Cray Urika-XC AI and analytics

The Met Office, the United Kingdom’s National Weather Service, has expanded its Cray XC40 supercomputer with artificial intelligence (AI) and analytics capabilities.

Raytheon expands cybersecurity customer base in the Middle East

Raytheon has been awarded a multi-year contract with a new government customer in the Middle East North Africa region, the company said...

Alibaba A.I. Labs launches hospitality robot

Alibaba A.I. Labs, the department leading consumer AI product development at Alibaba, is launching service robots for the hospitality sector starting in October. 

Alibaba Cloud to work with Kenyan ministry to support wildlife protection project

Alibaba Cloud, the cloud-computing arm of Alibaba Group, and the Ministry of Tourism and Wildlife of the Republic of Kenya have agreed to explore a collaboration to deploy Alibaba Cloud’s technology to support the Kenya Wildlife Protection Project. 

Virtual reality, RFID, partnership with Facebook: Macy’s goes high tech

Macy’s is enlisting the help of technology to enhance its omnichannel customer experience.

Machines will do more tasks than humans by 2025, but expect 58 million net new jobs: World Economic Forum study

The world is going through a workplace revolution that will bring a seismic shift in the way humans work alongside machines and algorithms, according to new research by the World Economic Forum.