Facebook Inc said the U.S. Federal Trade Commission’s refiled antitrust case against the company was “meritless” in a statement on Thursday, saying the claims were an effort to rewrite antitrust laws and upend settled expectations of merger review.
In 2011, rumors of Apple working on a so-called iPhone nano, a new iPhone that would be smaller and cheaper than the top-of-the-line model at the time, the iPhone 4. While Apple never did release that super-small phone, a Steve Jobs email confirms the company was indeed working on an iPhone nano at one point in time.
A new report by Reuters claims that Intel is pursuing a $30 billion acquisition of chip fab operation GlobalFoundries, which may be worth $25 billion. The report claims that the chip company is working with Morgan Stanley, JPMorgan Chase, Citigroup, and Credit Suisse Group AG on the IPO preparations.
Researchers from Italy created a robot that could allow diabetes Patients to get insulin without needles without needles. The robot involves two different parts, an internal insulin dispenser and a magnetic capsule that is loaded with insulin, which is used to pump insulin into reservoirs. The system is currently being tested with three diabetic pigs and could manage insulin for hours.
The US military created a vast database of biometric data as part of its effort to track terrorists in Afghanistan, but the Taliban could potentially use it to target allies left behind. The data includes iris scans, fingerprints, and biographical information. However, conflicting information on whether the Taliban can access and take action with the information that's been collected.
Tesla could face further federal scrutiny over its Autopilot feature. Senators Ed Markey and Richard Blumenthal have called on the Federal Trade Commission to investigate the company over "misleading advertising and marketing" of the Autop Pilot and Full Self-Driving systems. The FTC is not yet clear whether the FTC will investigate Tesla.
Xiaomi has confirmed the Redmi 10, which will feature a 6.5-inch display with 90Hz refresh rate and 2400 x 1080 pixel resolution. The device will come with an adaptive refresh rate, offering 45, 60 or 90Hz. This premium feature should help prolong the battery life.
Facebook Inc removed over three dozen pages spreading misinformation about COVID-19 vaccines, after the White House called on social media firms to tighten controls on pandemic-related facts shared on their platforms, coming under fire from the Biden administration for the alarming spread of vaccine misinformation that is hitting the pace of inoculation.
Three former Netflix engineers and two associates have been charged with illegally profiting more than $3 million in a long-running insider trading scheme, the SEC complaint said that Sung Mo Jun traded on nonpublic information about the growth of the platform's subscriber base, both while he was employed at Netflix and after he left the company in 2017.
Amazon has backed Bangalore-based startup Smallcase in a $40 million Series C financing round, paving the way to foray into the wealth management category. The startup offers an in-house team of licensed professionals who offer more than 100 portfolios of stocks and exchange-traded funds, and provides its users access to independent investment managers, brokerages and wealth platforms.
A Huawei executive said the Chinese technology giant will return to the “throne” of the smartphone industry even as the company continues to suffer the fallout from U.S. sanctions, dubbed a national security threat, put on an export blacklist and cut off from key technologies needed for its smartphones.
Roblox operates a gaming platform that services both developers and gamers that it calls the metaverse, which empowers the use of virtual reality by connecting media of all varieties with end-market users. The company has inked deals with most of the major entertainment companies over the past six months to a year and several brands have launched an offering.