Business Archive

Robots To Work In Government Services In Dubai

Dubai will soon be introducing Artificial Intelligence (AI) in its government sectors. A new Artificial Intelligence (AI) smart lab will soon begin training government officials to implement AI in a wide variety of tasks that will make lives easier. The lab, launched during a workshop by the Smart Dubai Office (SDO) and Smart Dubai Government

Samsung To Disable All Note 7′s From Charging Later This Month

In a latest development, Samsung’s is planning to issue a software update that will disable remaining Note 7 phones from charging at all. The company will reportedly push the update out later this month, and it will cripple the remaining 3-4 percent of Note 7 phones still in use worldwide, mostly in South Korea. It

Amazon Likely To Buy Online Retailer Souq.Com: Report

Amazon.com Inc has agreed in principle to buy 100 percent of Dubai-based online retailer Souq.com from its shareholders, sources familiar with the deal. Amazon declined to comment and a spokesperson for Souq.com did not immediately respond to a request for comment. Goldman Sachs acted as adviser for Souq.com and helped to arrange the deal, two

Volvo’s Tesla killer Set To Arrive In 2019

Volvo is building an electric vehicle, and, somewhat surprisingly, it’s not going to cost a ton of money. Lex Kerssemakers, CEO of the luxury car maker’s USA arm, has said that the company aims to launch the car in 2019 with a $35,000 – $40,000 price. Very few details are known about the car at

Cognizant Likely To Retrench 6,000 Employees

Cognizant is set to cut at least 6,000 jobs, which represents 2.3% of its total workforce, as it struggles with growth in an IT environment that is fast shifting towards new digital services. The variable payout to employees for 2016, too, is expected to be adversely affected. The layoffs are likely to be more this

Micromax to Unveil 4G-Enabled Feature Phone Soon

Indian handset maker Micromax is aiming to sell 5-6 million units of its upcoming Bharat 1 VoLTE feature phone and Bharat 2 VoLTE smartphone in India over the next 5 to 6 months, which will help it enhance its overall market share and better compete with Chinese and domestic handset makers. While Bharat 2 is

Google Eyes Our Kids

In a recent development, the tech giant is opening up its many online services to kids under 13 with a new tool called Family Link, an app that lets parents carefully manage the content on their kids’ devices. It marks one of the first attempts by a major tech company to directly address the reality

Huawei Chosen As A Platinum Member Of The OpenStack Foundation

The information and communications technology (ICT) solutions provider Huawei has been selected as a platinum member of the OpenStack Foundation. The OpenStack Foundation promotes the global development, distribution and adoption of the OpenStack cloud operating system. It is to be mentioned that this is the first time an Asian vendor has become a platinum member

Microsoft Makes Changes In Cortana App For iPhone Users

In a latest development, tech giant Microsoft has updated its digital assistant Cortana app for iPhone with a redesigned user interface and new enhancements that offer an improved experience for the Siri competitor. The app helps you with tasks like sending emails, scheduling events and searching your devices, Cloud or the web. The new updates

Investors Pour $400 Million Into Instacart

Instacart has got a great leap. The grocery delivery startup announced a $400 million funding round bringing its total valuation to a reported $3.4 billion. The cash boost comes on the heels of a string of ongoing spats over worker pay. That controversy doesn’t seem to have dampened the confidence of the company’s investors, which

Apple claims Majority of Security Bugs From The Vault 7 leak Have Been Fixed

According to Apple, many of these vulnerabilities have already been patched in the latest version of iOS, and the company is working to rapidly address the remaining bugs. The company said in a statement that Apple is deeply committed to safeguarding the customers’ privacy and security. The technology built into today’s iPhone represents the best