Despite bitcoin’s price decline this year, a cryptocurrency “mining” company is moving ahead with plans to repurpose a 1,300 acre plot once used by Alcoa for aluminum smelting. Coinmint said Tuesday it would invest up to $700 million in the upstate New York location, which it expects to be the biggest bitcoin mining center in […]
Read moreZTE has signed an agreement in principle that would lift a U.S. Commerce Department ban on buying from U.S. suppliers, allowing the Chinese telecommunications equipment maker to get back into business, according to sources familiar with the matter. ZTE ceased major operations in May and has been on life support since the seven-year ban was […]
Read moreCheck out the companies making headlines after the bell: Shares of NCI Building Systems jumped more than 9 percent in after-hours trading. The metal product manufacturer reported second quarter financial results that pleased investors, as well as issuing strong third quarter guidance. The gains pushed NCI Building Systems stock above $21 per share. Shares of […]
Read moreDeep inside Amazon, a secretive group called Grand Challenge, led by the creator of Google Glass, is working on a series of bold projects involving cancer research, medical records and last-mile delivery, according to people familiar with the matter. Similar to Alphabet‘s Google X lab, Grand Challenge is a research team set up to explore […]
Read moreIt’s never been clear whether robotics company Boston Dynamics is making killing machines, household helpers, or something else entirely. For nine years, the secretive firm — which got its start with U.S. military funding — has unnerved people around the world with YouTube videos of experimental robots resembling animal predators. In one, a life-size robotic […]
Read moreAs the summit between Washington and Pyongyang takes shape, it remains to be seen what President Donald Trump and North Korean leader Kim Jong Un will discuss next week in Singapore. While the subject of denuclearizing the Korean peninsula is expected to take the lion’s share of the bilateral talks, one expert raised concerns that […]
Read moreIn San Francisco, there’s all-out battle for the mayor’s office, and tech leaders are pouring money into the race. Eight candidates are vying in Tuesday’s special election, which resulted from the sudden death in December of 65-year-old Mayor Ed Lee, who had deep ties with the tech community. Most of the heavy-hitters in tech are […]
Read moreFacebook will allow users to sing along live to popular songs, following a popular teen trend popularized by apps like Musical.ly and Smule. Lip Sync Live lets users try their hand at belting out top hits in real time using Facebook Live. The feature, which is being tested in a few markets, will also allow […]
Read moreRussian President Vladimir Putin and President Donald Trump talk “regularly,” the Russian president told an Austrian news outlet ahead of his visit to Vienna Tuesday. The Russian leader was responding to a question about special counsel Robert Mueller‘s February indictment of 13 Russians and three Russian organizations when he brought up his relationship with the […]
Read moreWhatsApp co-founders reportedly gave up $1.3 billion as Facebook merger devolved to 'low class' spat
New details have emerged about the long-standing tension between Facebook and its biggest acquisition, WhatsApp, according to The Wall Street Journal. The Journal reported on Tuesday that WhatsApp co-founders Brian Acton and Jan Koum gave up $900 million and $400 million, respectively, by leaving Facebook before they were eligible for stock awards. Their departure followed […]
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