Twitter denies Musk’s assertions that he was duped
Elon Musk claimed in a court document filed in Delaware that he was duped into signing the agreement to purchase the social media business, but on Thursday—Twitter Inc (TWTR.N) rejected this assertion, calling it unrealistic and untrue. The allegations were made by Musk in a countersuit that was filed last Friday and was publicly disclosed […]
Twitter questions centre on Musk’s efforts to scuttle a $44 billion deal
Elon Musk’s $44 billion takeover bid for Twitter Inc. (TWTR.N) is being investigated by Twitter Inc. (TWTR.N), according to legal experts, who are also trying to determine why he backed out of the transaction. As per the documents filed over the last two days in the Delaware Court of Chancery, Twitter served dozens of civil […]
Micron gets rare underweight rating
Micron Technology’s stock received a rare underweight rating. This is often because of the memory-chip maker’s heavy exposure to mobiles and PCs. Which is at a time when rising inflation forces consumers to rein in spending. Micron shares were down about 6% at $71.18. Piper Sandler said to the clients that with the worldwide economy […]
BT and Ericsson join forces to build 5G
Telecoms company BT and Ericsson have struck a multi-million-pound partnership. This partnership is to offer private 5G networks to businesses across Britain, by enabling them to deploy Internet of Things and other technologies quickly with high security. The private 5G networks mirror public 5G. But in these private networks the connectivity is limited to a […]
From baristas to inspectors: Singapore’s robot workforce plugs labour gaps
After struggling to find staff during the pandemic, businesses in Singapore have increasingly turned to deploying robots to help carry out a range of tasks. The city-state relies on foreign workers, but their number fell by 235,700 between December 2019 and September 2021. At a Singapore construction site, a four-legged robot called “Spot”, built by […]
App to help blind people navigate public transit
An app designed to help visually impaired or blind pedestrians use public transit will debut at a Washington subway station. Waymap aims to expand travel options for blind and visually impaired people with step-by-step audio directions that it says are accurate up to 3 feet throughout a trip. The app does not use GPS and […]
McAfee CEO Peter Leav to step down
Cybersecurity firm McAfee Corp appointed consumer tech veteran Greg Johnson as chief executive officer. He has been appointed succeeding Peter Leav who will step down. Johnson’s appointment comes as part of McAfee’s dive into a pure-play consumer protection company. This began following the divestment of its enterprise security business in 2021. Under Leav’s leadership, the […]
Sony readies for metaverse revolution with cross-platform push
Japanese conglomerate Sony Group Corp said that it is well-positioned to play a leading role in the metaverse, or immersive virtual worlds, which commentators speculate will massively disrupt industries and establish new powerhouses. The metaverse is a vague term encapsulating the idea that consumers will spend more time in online simulated environments. While the concept is […]
Meta opens access to AI large language model
Facebook-owner Meta Platforms Inc is opening up access to a large language model for artificial intelligence research. Meta said that its model was the first 175-billion-parameter language model to be made available to the broader AI research community. Large language models are natural language processing systems which are trained on massive volumes of text. They are […]
Musk tweets cryptic phrase days
Billionaire entrepreneur Elon Musk tweeted a series of dashes for a missing word followed by “is the Night”, days after he offered to buy Twitter Inc for $43 billion. The offer from Musk, who has hinted at the possibility of a hostile bid, has prompted the social media company to adopt a “poison pill” to protect […]