IF SAUDI ARAMCO is a state within a state in Saudi Arabia, then the blandly named Oil Supply Planning and Scheduling (OSPAS) is its deep state. To enter it, you pass tight security at Aramco’s suburban-style headquarters in Dhahran, in the east of the kingdom. The transition is eye-opening. Suddenly, English is the common tongue […]
Read moreAmazon is growing in New York City. The internet giant announced Thursday that it plans to bring more than 2,000 jobs to the city over the next three years, promising to create roughly 6,000 jobs across New York state by 2019. Next year, Amazon will open a new office in Manhattan, which will be located […]
Read moreBillionaire tech titan Elon Musk says the global race for artificial intelligence will cause World War IIIand that governments will take the technology “at gunpoint” if necessary. The Tesla and SpaceX chief has said robots will be able to do everything better than humans can. And he has said “AI is a fundamental risk to […]
Read moreCurrency, United States Finance
Ford designers are using 3-D goggles in order to virtually imagine an entire car in the middle of the factory floor. The U.S. automotive giant announced Thursday it hopes by expanding testing of the Microsoft HoloLens headset, it can help improve global collaboration and speed up product development cycles. Ford claimed the goggles could help […]
Read moreCurrency, United States Finance
Ryanair’s decision to cancel around 2,000 flights due to staffing issues was the right operational decision but the issue was badly handled, the airline’s chief executive admitted at its annual general meeting on Thursday. Since Saturday, the airline was forced to cancel thousands of flights between September 16 and the end of October as many […]
Read moreAnalysts are increasingly more bullish on AMD’s technology and potential in the critical artificial intelligence market after the news that Tesla is using the company’s intellectual property. CNBC reported on Wednesday that Tesla is working with AMD to develop its own AI chip for self-driving cars. The electric car maker has more than 50 employees […]
Read moreChinese companies changing direction and expanding rapidly overseas should “raise red flags” to global investors, one asset manager at a China-based investment firm told CNBC. Speaking specifically about conglomerate Dalian Wanda Group, Lei Jing, a fixed income chief investment officer at Beijing-based Harvest Fund Management, said he wasn’t at all surprised about recent events. A […]
Read moreA major problem for bitcoin is its extreme volatility, which is a cause of concern for many investors. A lack of liquidity may be to blame for the cryptocurrency’s volatile nature, an expert tells CNBC. “The high volatility I think is due to the low liquidity we have on exchanges today,” Cedric Jeanson, CEO of […]
Read moreCheck out which companies are making headlines before the bell: Google: Alphabet subsidiary Google announced late Wednesday that it signed a $1.1 billion cooperation agreement with Taiwanese smartphone maker HTC to bolster its smartphone and emerging hardware business. Under the agreement, Google will acquire a team of HTC employees, many of whom have worked with […]
Read moreThe days of wearing headphones for listening could soon be gone, because Amazon’s planned smart glasses are set to use bone conduction to transmit sound through your skull, according to a report. Amazon‘s Alexa assistant is set to power its smart glasses, the FT reported, and wearers will be able to hear Alexa’s responses to […]
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