As Comcast and Disney ratchet up bids for 21st Century Fox assets, Verizon says it’s staying out of the fight. CEO Lowell McAdam said Tuesday the company has “no interest” in being a traditional TV network, focusing instead on digital media assets and investment in 5G wireless service. Verizon was previously reported to have made […]

A hedge fund that’s spoken out against iPhone addiction sold all its holdings of Facebook shares in the first quarter, while taking a new stake in Apple. Jana Partners sold 474,000 shares of Facebook, according to a required quarterly filing with the U.S. Securities and Exchange Commission on Tuesday. The data reflects changes made at […]

The Supreme Court’s ruling on sports gambling Monday will significantly boost the sales of several gaming-related companies, according to Bank of America Merrill Lynch. The court upheld the legality of a 2014 New Jersey law permitting sports betting at casinos and racetracks in the state and voided the federal Professional and Amateur Sports Protection Act. […]

Despite Facebook’s aggressive stance on improving identification and removal inappropriate content, the company admitted its artificial intelligence has a hard time finding hate speech. In a blog post on Tuesday, the company said it removed 2.5 million pieces of hate speech content during the first quarter of the year. However, only 38 percent of the […]

MoviePass, a U.S. movie ticket subscription service owned by data company Helios and Matheson Analytics, offers a cautionary tale of the dangers of a disruptive company caught too soon in the unforgiving glare of the public markets. Investors loved it when Helios and Matheson bought a majority stake in MoviePass, led by former Netflix vice […]

Amazon‘s cloud computing arm is looking to make it easier for customers to use blockchain with a new partnership announced Tuesday. The cloud computing giant will team with a new start-up launching Tuesday called Kaleido, which was born out of leading blockchain incubator known as Consensys. The company is aiming to give AWS customers an […]

Mark Zuckerberg likely won’t testify before Parliament, according to UK officials. Members of Parliament had previously said they would summon the Facebook CEO to testify on the Cambridge Analytica data leak the next time he arrived in the country — but Facebook officials have now responded that Zuckerberg has no plans to do so. “It […]

Intel said on Tuesday it had submitted plans to expand its production operations in Israel, with the government saying the U.S. chipmaker would invest about $5 billion. Intel is one of the biggest employers and exporters in Israel, where many of its new technologies are developed. The new investment will upgrade its Kiryat Gat manufacturing […]

Tesla may be on the verge of a pretty big leap in Model 3 production this week, reported electric car blog Electrek, citing a leaked email from CEO Elon Musk to employees. The email said it is “quite likely” Tesla will make more than 500 Model 3 cars per day this week, which would be […]

A jolt of electricity is delivered to a body with bolts attaching its head to its neck. It’s a scene straight out of a horror movie, but it is eerily close to Italian neurosurgeon Sergio Canavero and Chinese surgeon Xiaoping Ren’s plan to transplant a human head — down to the neck bolts and electricity. […]