Thanks to one digital currency’s surge in the last few weeks, the co-founder and executive chairman of Ripple is now one of the five richest people in America. Chris Larsen, co-founder and executive chairman of Ripple, has 5.19 billion of the company’s digital coin XRP and a 17 percent stake in the company, according to […]
Read moreAMD will likely “take advantage” of Intel‘s fallout after researchers disclosed a set of security flaws involving Intel’s chips, CNBC’s Jim Cramer said Thursday. Intel shares were more than 4 percent lower Thursday after tech publication The Register reported some of the company’s processors have a “fundamental design flaw” and security vulnerability. Shares of AMD […]
Read moreSamsung unveiled its new Exynos 9 Series 9810 processor on Thursday, a chip that may be used in its upcoming Galaxy S9 smartphone. Samsung said the processor has new artificial intelligence technology that will enable devices to recognize faces, suggesting that Samsung will offer a new feature similar to Apple’s Face ID in future products. […]
Read moreMobile ad agency Fetch has filed a lawsuit against Uber, claiming that the taxi app firm owes it $19.7 million in unpaid invoices. The move marks the latest step in a legal row that started in September. Uber had initially sought $40 million in damages from Fetch, alleging that the Dentsu-owned agency billed it for […]
Read moreAMD and Nvidia will benefit from Intel’s chip security vulnerability and related performance issues, according to one Wall Street firm. The British tech website Register reported Tuesday that some Intel processors have a “fundamental design flaw” and security vulnerability, which spurred the company to confirm the exploit later in the day. Shares of AMD and […]
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Snap shares fell 3 percent Thursday after a Wall Street investment firm found that ad buyers ranked the company lowest relative to other social media networks. Cowen lowered its rating for the photo messenger’s shares to underperform from market perform, predicting a 30 percent decline in stock price over the next year. Analyst John Blackledge […]
Read moreSprint on Thursday named seasoned turnaround strategist Michel Combes as president and chief financial officer in a seemingly pointed move to return the company to profitability. Combes will start January 6, and current CFO Tarek Robbiati will remain on through January, the company said in a statement. CEO Marcelo Claure said Combes is capable of […]
Read moreThe White House will bar staff and guests from using personal phones in the White House starting next week. The devices will no longer be allowed because “the security and integrity of the technology systems at the White House is a top priority for the Trump administration,” press secretary Sarah Huckabee Sanders said in a […]
Read moreSpotify wants to sell its shares to public investors this spring. And as part of its prep plans, the streaming music company has cleaned up a sticky debt deal, with the help of a big Chinese tech company. The short version: TPG and Dragoneer Investment Group, who had led a debt round that lent $1 […]
Read moreChinese President Xi Jinping addressed China’s entire armed forces in a speech Thursday, in which he urged troops to show the “fighting spirit of fearing neither hardship nor death.” At a first-of-its-kind meeting for the whole People’s Liberation Army, Xi spoke to more than 7,000 armed officers in Hebei province of northern China, reported state […]
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