Technology news

On late Thursday, the United States imposed investment and export restrictions on the drone maker DJI Technology Co. and other Chinese firms.  The blacklist includes HMN International, Jiangsu Hengtong Marine Cable Systems, and Jiangsu Hengtong OpticElectric.  Additionally, it restrains Shanghai Aoshi Control, and Zhongtian Technology Submarine Cable.  The American Treasury Department accused the companies of …

DJI and other Chinese Firms Faces US Investment Blacklist Read More »

On Thursday, Apple Inc. announced that it would delay the return of its workers to the office indefinitely.  In line with this, the iPhone maker provided $1,000.00 to all of its employees to buy their equipment for their home offices. Accordingly, this move came along with the surge of coronavirus cases.  At the same time, …

Apple Inc. Delays Employee Return to Office Indefinitely Read More »

Google warns employees who disobey the company’s Covid-19 vaccination policies will lose pay and be eventually fired from their position.  Accordingly, the tech giant released a memorandum that mandates its workforce to state their vaccination status until January 18.  At the same time, Google asks them to upload documentation showing proof of medical or religious …

Google Warns to Dismiss Workers Flouting its Vaccine Rules Read More »

On Tuesday, Toyota Motor Corporation announced that it would invest $35.22 billion to produce a full lineup of 30 battery-powered electric vehicles by 2030. In addition, the automotive manufacturer targets to raise the global sales of BEVs by 3.50 million units a year by the end of the decade.  Toyota, one of the world’s largest …

Toyota Invests $35B into Battery-Powered Electric Vehicles Read More »

On Monday, SenseTime announced that it would halt its $767.00 million Hong Kong initial public offering after its placement on a US investment ban. The Chinese artificial intelligence startup said to release additional prospectus with amendments and an updated listing table.  Subsequently, the company will also report the potential impact of the said prohibition, targeting …

SenseTime Withdraws $767M Hong Kong IPO after US Ban Read More »

On late Thursday, Facebook, recently named Meta, announced that it would open Horizon Worlds, its virtual reality platform, in the United States and Canada. Correspondingly, owners of Meta Quest 2 headsets who are 18 years old and above could access the VR world.  Last year, the social media company initially unveiled this application with selected …

Facebook Opens its Virtual World App in the US and Canada Read More »

Roku Inc. announced on Wednesday that it signed a multi-year deal with Google to retain YouTube and Youtube TV on its streaming platform. Correspondingly, the deal will allow the 56.40 million active Roku accounts to continue to access Google services without disruption. In line with this, shares of the digital media player company surged 18.23% …

Roku Inc. Strikes a Multi-Year Agreement with Google Read More »

On Wednesday, Visa Inc. announced that it would offer new advisory services to assist its customers in navigating the cryptocurrency market. Accordingly, the financial services company formed its global crypto advisory team that will work alongside its consulting and analytics division. This segment will advise financial institutions, such as banks and merchants, on various virtual …

Visa Inc. Launches Crypto Advisory Services Read More »