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Finoei Digitech Earns Appreciation on Clutch

After recently creating our Clutch profile, we quickly earned our first review on the platform. The review has a five-star rating to add more good news. This is an outstanding achievement and an achievement for our team as we move further into the new year. The review we are talking about today was for a...

U.S. SEC says Chinese IPO hopefuls must provide additional risk disclosures

The U.S. securities regulator will not allow Chinese companies to raise money in the United States unless they fully explain their legal structures and disclose the risk of Beijing interfering in their businesses, the agency said on Friday, confirming an exclusive report by Reuters. In a statement, Securities and Exchange Commission Chair Gary Gensler said...

Twitter launches competition to find biases in its image-cropping algorithm

Twitter Inc said on Friday it will launch a competition for computer researchers and hackers to identify biases in its image-cropping algorithm after a group of researchers previously found the algorithm tended to exclude Black people and men. The competition is part of a wider effort across the tech industry to ensure artificial intelligence technologies...

Musk’s Neuralink raises $205mn Series C funding

Elon Musk-founded brain-machine interface company Neuralink has announced a Series C funding round of $205 million, led by Dubai-based venture capital firm Vy Capital. “Our Series C funding round of $205 million, led by Vy Capital, with participation from Google Ventures, DFJ Growth, Valor Equity Partners, Craft Ventures, Founders Fund, and Gigafund,” the company said...

Apple says chip shortage may impact iPhone production: Report

Tech giant Apple said that the global chip shortage could affect iPhone production and the company also forecasted slowing revenue growth. Apple executives said that the revenue for the current fiscal fourth quarter will grow by double-digits but be below the 36.4 percent growth rate in the just-ended third quarter, GizmoChina reported on Friday. They...

Intel announces new Xeon W-3300 processors

Intel has launched its newest generation Xeon W-3300 processors that are built for advanced workstation professionals. The company, on Thursday, said that the new processors offer expanded platform capabilities and enterprise-grade security and reliability in a single-socket solution. “Intel Xeon W-3300 processors are intelligently engineered to push the boundaries of performance, with a new processor...

Snapchat crashes for millions, the company says fixed the bug

Popular social media app Snapchat experienced a massive outage globally early on Friday as users in the US, Mexico, Europe, and Australia reported experiencing with logging in. Snapchat said in a tweet that it had resolved the issue, suggesting that users should update the app from the iOS store. “The issue has been resolved. If...

Amazon shares fall even after posting over $100bn sales in Q2.

Despite posting a $100 billion-plus quarter the third time in a row, e-commerce giant Amazon saw its stock sliding more than 7 percent as it missed revenue expectations and provided a weak forecast for the third quarter (Q3). For the second quarter (Q2), the net sales increased 27 percent to $113.1 billion, compared with $88.9...

Microsoft in advanced talks to invest in OYO: Report

Satya Nadella-run Microsoft is in advanced talks to invest in Airbnb-backed Indian budget hotel chain OYO at a valuation of $9 billion, the media reported on Friday. According to a TechCrunch report citing sources, a deal may close soon but the “proposed size of the investment is unclear”. Both Microsoft and OYO declined to comment...

AWS hits $59 bn annual run rate, surpasses estimates

Amazon Web Services (AWS) is now a $59 billion annualized run rate business, up from $43 billion at this time last year, its parent company Amazon has said. Under Andy Jassy, who is now Amazon CEO, the revenue growth accelerated across a broad range of customers. “We see strong growth in enterprises, governments, educational and...

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