After taking to the air with drones to provide Internet to remote spots, Facebook on Wednesday unveiled new land-based systems to provide connectivity to people in urban settings. “We are really going at this problem from every possible angle,” Facebook co-founder and chief Mark Zuckerberg said of efforts by the social network to make Internet connectivity more widely available around ... Read More »
Facebook at its annual developer conference made several new announcements including introducingartificial intelligence powered bots into its Messenger apps. The social giant has now also confirmed plans to add a new feature that will allow users to enable the auto-tagging feature for videos. (Also see: Facebook F8: 10 Announcements You Need to Know About) Facebook emphasised that AI (artificial intelligence) ... Read More »
Germany, which launched an investigation into social network Facebook last week, is well placed to handle the case, Europe’s antitrust chief said on Monday. The comments by European Competition Commissioner Margrethe Vestager came after the German competition office said last week it was investigating Facebook for suspected abuse of market power over breaches of data protection laws. The German cartel ... Read More »
Israel is to start collecting value added tax (VAT) and income taxes from foreign companies that do substantial business over the Internet in Israel. Under new guidelines issued by the Israel Tax Authority on Monday, foreign companies that operate websites and sell various services such as advertising and brokerage will be subject to 17 percent VAT as well as income ... Read More »
Aim-listed tiddler Imaginatik leapt almost 70 per cent after Rob Terry’s investment vehicle confirmed a Daily Mail market report revealing he had begun re-building a stake in the software consulting company. Quob Park Estate said via the regulatory news service that it now owns 5.36 per cent of Imaginatik. Terry’s stake-building in Imaginatik is likely to continue although sources said he ... Read More »
Tech Market Snapshot: Wearable owners unimpressed with apps, UK firms shifting to hybrid IT We roundup the latest news from IT analysts and firms to see which tech categories have been doing well, which haven’t, and what’s forecast to be big in the near future. Wearable tech owners unimpressed with corresponding apps A new report from Argus Insights shows that ... Read More »
The US market for tech IPOs has totally frozen over. Zero Internet or tech companies went public on US exchanges in the first quarter of 2016. The last time that happened was in the first quarter of 2009, during the depths of the Great Recession, according to data from Dealogic. Just two years ago, the picture looked quite different. In ... Read More »
After technology stocks helped a choppy market rise Tuesday, “Fast Money” traders debated whether some growth names were worth their cost. The major U.S. averages closed the session higher, recovering from a lower open after Fed Chair Janet Yellen took a cautious tone on policy in an afternoon speech. Facebook, Microsoft and Netflix shares rose more than 2 percent each ... Read More »
Image from Shutterstock.com When it comes to IT spending, a recent research report reveals that Canadian tech spending is relatively flat, topping $93 billion this year. According to Forrester Research Inc., this represents an increase of only 3.3 per cent, compared to five per cent in the 2015. The report, titled The Canadian Tech Market Outlook For 2016-2017, reveals that this ... Read More »
Tech Market Snapshot: 3D printer market up, semiconductor revenue down, ‘huge opportunity’ for mobiles We roundup the latest news from IT analysts and firms to see which tech categories have been doing well, which haven’t, and what’s forecast to be big in the near future. Global 3D printer market up 19% in Q4 2015 Worldwide shipments of 3D printers rose ... Read More »
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