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Technology - NewsMage

Technology

Russia Pitches BRICS Payment System Aiming to Break US Dominance

Russia Pitches BRICS Payment System Aiming to Break US Dominance

Russia is proposing changes to cross-border payments conducted among BRICS countries aimed at circumventing the global financial s...

CoreWeave Closes $650 Million Credit Facility for AI Cloud-Computing Push

CoreWeave Closes $650 Million Credit Facility for AI Cloud-Computing Push

CoreWeave Inc., a cloud-computing provider that’s among the most valuable artificial intelligence startups, has closed a $650 mill...

Software Tools Maker JFrog Attracts Takeover Interest

Software Tools Maker JFrog Attracts Takeover Interest

JFrog Ltd., a technology company that makes tools for software developers, has attracted preliminary takeover interest from potent...

Noel Tata Is New Tata Trusts Head to Oversee $165 Billion Group

Noel Tata Is New Tata Trusts Head to Oversee $165 Billion Group

Tata Trusts, a collective of charities that indirectly controls the Tata Group, has appointed Noel Tata as the new chairman, who w...

Google’s Nobel Haul Puts Spotlight on Changing Focus of Scientific Research

Google’s Nobel Haul Puts Spotlight on Changing Focus of Scientific Research

A Nobel Prize raises some questions about the spirit of research at Google. But first...

Geely’s Lynk & Co. Unveils New EV in Milan as Tariffs Sink In

Geely’s Lynk & Co. Unveils New EV in Milan as Tariffs Sink In

Zhejiang Geely Holding Group Co.’s international expansion doesn’t appear to have been waylaid by European Union import tariffs on...

Northvolt Scrambles for €200 Million in Stop-Gap Funding

Northvolt Scrambles for €200 Million in Stop-Gap Funding

Struggling Swedish battery maker Northvolt AB met with multiple stakeholders on Monday as it seeks €200 million ($219 million) in ...

Elon Musk Unveils Tesla Cybercab, Production to Start 2026 | Daybreak: Europe 10/11/2024

Elon Musk Unveils Tesla Cybercab, Production to Start 2026 | Daybreak: Europe 10/11/2024

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catch...

Dubai’s Damac Group to Spend $1 Billion in Thai Data Center Push

Dubai’s Damac Group to Spend $1 Billion in Thai Data Center Push

A subsidiary of Dubai-based Damac Group is investing around $1 billion in a data center project in Thailand, the latest to join a ...

Musk Says Tesla’s New Robovan Can Carry Up to 20 People

Musk Says Tesla’s New Robovan Can Carry Up to 20 People

Elon Musk unveils Tesla’s new Robovan at the company’s “We, Robot” robotaxi event in Burbank, California.

Musk Unveils New Optimus Personal Assistant Robot

Musk Unveils New Optimus Personal Assistant Robot

Elon Musk unveils Tesla’s new Optimus humanoid robot personal assistant at the company’s “We, Robot” robotaxi event in Burbank, Ca...

Musk Says Cybercab to Debut in 2026, Cost Under $30,000

Musk Says Cybercab to Debut in 2026, Cost Under $30,000

Elon Musk unveils long-awaited prototypes of a Tesla robotaxi called the Cybercab, saying that production may start in 2026 and th...

Musk Arrives to California Event in Robotaxi Prototype

Musk Arrives to California Event in Robotaxi Prototype

Elon Musk arrives to an event in Burbank, California in a long-awaited prototype of a Tesla robotaxi called the Cybercab. (Source:...

Musk Shows Tesla Cybercab, Sees Sub-$30,000 Cost and 2026 Debut

Musk Shows Tesla Cybercab, Sees Sub-$30,000 Cost and 2026 Debut

Elon Musk unveiled long-awaited prototypes of a Tesla Inc. robotaxi called the Cybercab, saying that production may start in 2026 ...

Dip Buyers Shun Samsung Shares Despite Record Discount to Peers

Dip Buyers Shun Samsung Shares Despite Record Discount to Peers

Samsung Electronics Co. is not what it used to be.

ESPN’s Stephen A. Smith Picks Sports Like Stocks, Shorting Golf

ESPN’s Stephen A. Smith Picks Sports Like Stocks, Shorting Golf

Asked to rank sports like stocks, ESPN anchor Stephen A. Smith said he’d buy baseball and women’s basketball, but sell golf and bo...

Bloomberg Screentime Special | Bloomberg Technology

Bloomberg Screentime Special | Bloomberg Technology

Bloomberg's Caroline Hyde and Ed Ludlow are live in LA for Bloomberg Screentime 2024, speaking with celebrities, entrepreneurs and...

How Uber and Lyft Used a Loophole to Deny NYC Drivers Millions in Pay

How Uber and Lyft Used a Loophole to Deny NYC Drivers Millions in Pay

An inside look at how popular ride-share services locked workers out of their apps to game a city minimum wage law.

DeepMind CEO Says Nobel Prize Win Is a ‘Watershed Moment’ for AI

DeepMind CEO Says Nobel Prize Win Is a ‘Watershed Moment’ for AI

The Nobel Committee awarded prizes in chemistry and physics to artificial intelligence researchers.

OnlyFans Says It Paid $20 Billion to Content Creators Since 2016

OnlyFans Says It Paid $20 Billion to Content Creators Since 2016

OnlyFans Ltd, the video streaming service used by sex workers, has paid $20 billion to its more than 4 million content creators si...

AMD Says New AI Chips Will Be Out Soon and Can Outperform Nvidia

AMD Says New AI Chips Will Be Out Soon and Can Outperform Nvidia

Advanced Micro Devices Inc., looking to catch up with Nvidia Corp. in the lucrative market for artificial intelligence processors,...

Legendary Is in Talks to Buy Wanda’s Stake in ‘Dune’ Studio

Legendary Is in Talks to Buy Wanda’s Stake in ‘Dune’ Studio

Legendary Entertainment LLC is in advanced talks to buy out Dalian Wanda Group’s stake in the movie studio, people familiar with t...

Altice Offers Creditors Up to 15% Stake in Return for Haircut

Altice Offers Creditors Up to 15% Stake in Return for Haircut

Altice France is floating a proposal to give secured creditors a stake in the company to get them to agree to a haircut on their h...

Sequoia Invests in German Weaponized Drone Startup Stark Defense

Sequoia Invests in German Weaponized Drone Startup Stark Defense

US venture capital firm Sequoia Capital invested in a German startup developing autonomous attack drones, according to people fami...

Alphabet’s CapitalG Backs Startup Making Tech for Wealth Advisers

Alphabet’s CapitalG Backs Startup Making Tech for Wealth Advisers

Farther raised $72 million in the new funding round.

Northvolt’s Battery Making Boom Fizzles Out in Northern Sweden

Northvolt’s Battery Making Boom Fizzles Out in Northern Sweden

The crisis at Swedish battery maker Northvolt AB is rippling through communities in the north of the country, where unpaid bills a...

Frontrunners for Ratan Tata’s Job Atop $165 Billion Conglomerate

Frontrunners for Ratan Tata’s Job Atop $165 Billion Conglomerate

In the coming days, Tata Trusts, a collective of charities that indirectly controls the Tata Group, will have the crucial task of ...

Blue Owl to Buy $2 Billion of Fintech Upstart’s Consumer Loans

Blue Owl to Buy $2 Billion of Fintech Upstart’s Consumer Loans

Blue Owl Capital Inc. has agreed to buy up to $2 billion of consumer installment loans from financial technology lender Upstart Ho...

Uber CEO Says Autonomous Ride Margins Will Take Years to Grow

Uber CEO Says Autonomous Ride Margins Will Take Years to Grow

Uber Technologies Inc. is prioritizing safety over profits as it develops its autonomous driving fleet.

Scion of Canada’s Richest Family Looks to Deepen AI Bets

Scion of Canada’s Richest Family Looks to Deepen AI Bets

The venture capital firm for a member of Canada’s richest family is looking for more artificial intelligence deals as global compa...

China Detains Four Taiwanese Employees at Apple’s ‘iPhone City’

China Detains Four Taiwanese Employees at Apple’s ‘iPhone City’

Chinese police have taken into custody four Taiwanese employees at Hon Hai Precision Industry Co., Apple Inc.’s main assembly part...

Facebook, TikTok Users in EU Get a Referee in Disputes With Social Sites

Facebook, TikTok Users in EU Get a Referee in Disputes With Social Sites

A new organization is trying to give social media users more power. But first...

Asia IT Leader TCS Lags Estimates In Sign of Weak Tech Spending

Asia IT Leader TCS Lags Estimates In Sign of Weak Tech Spending

Tata Consultancy Services Ltd.’s quarterly profit missed analysts’ estimates, a sign that clients from banks to retailers remain h...

Citi, Mastercard Team Up on Cross-Border Debit-Card Payments

Citi, Mastercard Team Up on Cross-Border Debit-Card Payments

Mastercard Inc. and Citigroup Inc. are collaborating to facilitate around-the-clock, cross-border payments with debit cards, givin...

Alibaba’s Lazada Wants Armani, D&G to Help Hit $100 Billion Goal

Alibaba’s Lazada Wants Armani, D&G to Help Hit $100 Billion Goal

Alibaba Group Holding Ltd.’s Lazada is courting top European fashion and design brands to help fend off Asian rivals and eventuall...

Tesla’s ‘Dream Premium’ Faces Moment of Truth at Robotaxi Reveal

Tesla’s ‘Dream Premium’ Faces Moment of Truth at Robotaxi Reveal

The stakes for Tesla Inc. are high as investors eagerly await the first look at the company’s fully self-driving vehicle later on ...

European Stocks Edge Higher Ahead of US Data; GSK Shares Jump

European Stocks Edge Higher Ahead of US Data; GSK Shares Jump

European stocks rose on Thursday as investors awaited key US inflation data, with the healthcare sector leading gains after GSK Pl...

Hodinkee Sells Used Watch Site Crown & Caliber to Boston Dealer

Hodinkee Sells Used Watch Site Crown & Caliber to Boston Dealer

Hodinkee Inc. has sold Crown & Caliber, the online used watch retailer it bought in an ill-advised move less than four years a...

At a London Airport, Labour’s Economic and Green Ambitions Clash

At a London Airport, Labour’s Economic and Green Ambitions Clash

When the Labour Party approved more flights at London City Airport, a key hub for travelers to the UK capital’s financial district...

OpenAI Chairman’s Startup Raising Funds at Over $4 Billion Value

OpenAI Chairman’s Startup Raising Funds at Over $4 Billion Value

OpenAI Chairman Bret Taylor’s Sierra is in talks to secure new funding at a $4 billion-plus valuation, a person familiar with the ...

Amazon Adds Apple TV+ to Its Channels Store for Streaming Videos

Amazon Adds Apple TV+ to Its Channels Store for Streaming Videos

Amazon.com Inc. is adding Apple Inc.’s TV+ streaming service to its channels store in the US, offering hits such as Ted Lasso and ...

Korea Fintech Leader Picks Former eBay Manager to Fill CEO Void

Korea Fintech Leader Picks Former eBay Manager to Fill CEO Void

Toss Securities Co., the brokerage arm of South Korea’s largest fintech startup, is close to appointing a former entrepreneur and ...

Before Retiring, Etsy CFO Shares Reflections

Before Retiring, Etsy CFO Shares Reflections

Etsy Chief Financial Officer Rachel Glaser has announced she'll retire in 2025, capping a career that included nearly two decades ...

Google Faces Painful Reckoning as Antitrust Crackdown Revs Up

Google Faces Painful Reckoning as Antitrust Crackdown Revs Up

Google’s antitrust problems are coming home to roost.

Will the US Break Up Google? What’s at Stake in the Government’s Antitrust Enforcement

Will the US Break Up Google? What’s at Stake in the Government’s Antitrust Enforcement

Alphabet Inc.’s Google lost the biggest antitrust challenge it has faced this summer when a US judge found that it illegally monop...

Crypto Firms Charged With Market Manipulation in US Sting

Crypto Firms Charged With Market Manipulation in US Sting

Three cryptocurrency companies and about a dozen individuals were charged with market manipulation and fraud as part of an investi...

Statistics Canada Resolves Web Outage After Trade Data Delay

Statistics Canada Resolves Web Outage After Trade Data Delay

Statistics Canada’s website is back to normal following an outage that led to the half-hour delay of international trade data on T...

DOJ Weighs Breaking Up Google | Bloomberg Technology

DOJ Weighs Breaking Up Google | Bloomberg Technology

Bloomberg's Caroline Hyde and Ed Ludlow discuss the latest antitrust pressures on Google as the DOJ considers a breakup of the int...

Nvidia Is Still Undervalued, Says $50 Billion Manager Impax

Nvidia Is Still Undervalued, Says $50 Billion Manager Impax

As Nvidia Corp. found itself the target of a deep selloff earlier this year, Impax Asset Management was quietly seizing the moment...

Apple’s Dan Riccio, Key Executive in Both the Jobs and Cook Eras, to Retire

Apple’s Dan Riccio, Key Executive in Both the Jobs and Cook Eras, to Retire

Apple Inc.’s Dan Riccio, who oversaw the company’s push into mixed-reality headsets and previously served as its hardware engineer...

After Shaq, Jay-Z, Beyonce And Others, Tesla Cybertruck Join...

2 days ago

After Shaq, Jay-Z, Beyonce And Others, Tesla Cybertruck Joins Joins Irvine Police Department's Fleet, Will Be Used For Community Outreach Efforts

Georgia doctors speak out to challenge misinformation on sta...

2 weeks ago

Georgia doctors speak out to challenge misinformation on state's abortion law, death of Amber Thurman

Jimmy Carter becomes first president to turn 100

1 week ago

Jimmy Carter becomes first president to turn 100

Pentagon sending a ‘few thousand’ personnel to Middle East d...

1 week ago

Pentagon sending a ‘few thousand’ personnel to Middle East day after Biden said he wouldn’t add combat troops

Scandals, failed assassinations and political rhetoric: Both...

3 weeks ago

Scandals, failed assassinations and political rhetoric: Both sides go high and low

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