IBM has teamed up with financial technology start-up Stronghold to launch a cryptocurrency that’s pegged to the U.S. dollar. The tech giant has put its weight behind a so-called “stablecoin,” a digital token that, in principle, is tied to an existing government-backed currency, in order to reduce the volatility associated with virtual currencies. In this […]
Read moreArtificial intelligence (AI) and related technologies will generate as many jobs in the U.K. as they displace over the next 20 years, according to analysis published Tuesday by audit firm PwC. The research states that while AI could displace roughly 7 million jobs in the country, it could also create 7.2 million jobs, resulting in […]
Read moreRetail giant Walmart signed a deal to use Microsoft’s cloud and artificial intelligence technology on Tuesday, deepening a strategic partnership between two of Amazon’s major rivals. The five-year agreement is designed to leverage the full range of Microsoft’s cloud solutions in order to make shopping quicker and easier for customers, Walmart said. The agreement pairs […]
Read moreWhen launching a business, one of the biggest questions for entrepreneurs can be when to take the leap and quit your day job. For some, it’s all about jumping right in with a “carpe diem” approach, while others prefer to dip their toes in more slowly. But for Ray Chan to take the plunge and […]
Read moreVenture capitalist Peter Thiel is placing a new bet in the crypto space. The early Facebook investor was a part of Cayman Islands start-up Block.one’s most recent funding round announced Monday. The company recently raised a record $4 billion to fund its blockchain platform eos.ios through a process known as an initial coin offering, or […]
Read moreAmazon is having a bad day. After reeling from technical glitches that prevented many shoppers from accessing bargains on Prime Day, the company’s biggest shopping day, the company announced another outage that makes it harder for Amazon Web Services customers to control their usage. The outage is unusual, and is not a positive sign for […]
Read moreThe core theory of Netflix‘s wild run to a $175 billion valuation hasn’t been debunked with one quarter of slower growth than forecast. But the Q2 miss might make some investors reconsider why they’re betting on Netflix in the first place. The basic hypothesis for bulls is that Netflix is on its way massive global […]
Read moreTechnology stocks are headed for a rough session on Tuesday after shares of Netflix, one of the momentum leaders of this bull market, tanked after earnings. Amazon shares fell as well. The Invesco QQQ Trust exchange-traded fund, which tracks the Nasdaq 100 index, dropped 0.7 percent in after hours trading. The Nasdaq 100 is made […]
Read moreNetflix missed its subscriber addition projections for the first time in five quarters, leading shares to tumble more than 14 percent. The company reported second-quarter earnings after the market closed on Monday. In addition to a slight miss on revenue compared to estimates, Netflix posted a huge miss on subscriber additions. The company only added […]
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The start-up envisions the technology will completely change the way we use our devices. “Your phone, a tablet, the computer that’s built into a kiosk at the airport. All of those things are potential areas in which CTRL-labs can completely change the means by which you interact with those experiences,” Reardon said. The team thinks […]
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