Tim Cook Receives Over 5 Million Shares Of Apple Stock Worth $750 Million
Apple CEO Tim Cook received more than 5 million shares of Apple stock this week, selling most of the stock for more than $750 million, according to an SEC filing…
Search Fund Buys Majority Stake In Electronic Security Firm
Africa Search Capital (ASC) (www.AfricaSearchCapital.com) today announced the acquisition of a majority stake in Falcon Security Hub (Falcon). The transaction, which culminates a 12-month search process for ASC, is the…
Chinese A.I. firm SenseTime Files For Hong Kong IPO Despite Tech Crackdown And U.S. Blacklist
One of China’s top artificial intelligence firms SenseTime has filed for an initial public offering in Hong Kong. The AI company did not disclose the size of the deal but…
Nigeria: TikTok Bans Viral Milk Crate Challenge Over Safety Concerns
TikTok has banned the popular “milk crate challenge” from its platform due to concerns that users participating in the trend could be seriously injured. The TikTok challenge saw users stacking…
TikTok Owner ByteDance Takes First Step Into Virtual Reality With Latest Acquisition
TikTok owner ByteDance has made its first foray into virtual reality (VR) through the acquisition of a start-up called Pico. Beijing-headquartered ByteDance did not disclose the size of the deal…
Following Complaints, Microsoft Will Make Windows 11 Compatible With More PC Chips
Microsoft said Friday it will allow a wider variety of PC chips to run Windows 11, the next-generation desktop operating system that it plans to release later this year. The…
Astra Stock Drops After Cutting Short Rocket Launch, With Next Attempt Expected In The Coming Days
Astra Space cut short its first launch attempt since the company went public, with the rocket’s engines firing for a moment and then shutting down. The rocket did not lift…
China Swoops On Algorithms In Latest Tech Clampdown
China is seeking to tighten oversight of the algorithms technology companies use to drive their business, issuing far-reaching draft rules in Beijing’s latest move to crackdown on its internet sector.…
Tianjin Asks Govt Firms To Move Data Out Of Alibaba, Tencent Clouds-Document
The Chinese city of Tianjin has asked municipally controlled companies to migrate their data from private sector operators like Alibaba Group (9988.HK) and Tencent Holdings (0700.HK) to a state-backed cloud…
China’s iQiyi Halts ‘Idol Competition’ Programs Amid Criticism
Chinese video streaming platform iQiyi (IQ.O) said on Thursday it would stop showing all “idol competition” programs, calling them unhealthy amid a regulatory crackdown that has seen Beijing criticise firms…
Microsoft Wins U.S Patent For Crypto Token Creation
American tech giant Microsoft has been awarded a U.S patent for techniques, for implementing a cross-chain token management system, to help users develop blockchain applications by making it easier and…
Game Developer Nexters Debuts On Nasdaq With Help Of Kismet
Video game developer Nexters and a Russian special purpose acquisition company (SPAC) Kismet (KSMT.O) have completed their business combination to start trading Nexters Inc. shares on the U.S. Nasdaq on…
As China Tightens Data Rules, Xpeng Says It’s On The ‘Right Side’ Of Regulation
Xpeng’s president says the Chinese electric vehicle maker is on the “right side of the regulation,” as Chinese authorities tighten rules around data privacy with rules aimed specifically at automakers.…
In Major Policy Change, Apple Will Allow Developers To Email Customers About Alternatives To App Store Billing
Apple will allow app developers to email their users about non-Apple purchase options, in a major change to App Store policies. Previously, Apple prohibited app makers to steer users through…
London Tech Firms Struggle To Hire As Silicon Valley Giants Scale Up In The City
Technology firms in London are finding it increasingly difficult to recruit tech workers as Silicon Valley tech giants scale up their operations in the U.K. capital. U.S. tech behemoths including…
Telecoms: Nigeria’s Data Usage Rises By 202% In Three Years
Data usage in Nigeria surged by 202.08 per cent in three years, according to data from the Nigerian Communications Commission. According to the subscriber/network data reports of 2018, 2019, and…
Xiaomi Acquires Autonomous Driving Firm As It Looks To Boost Nascent Electric Vehicle Business
Chinese electronics giant Xiaomi has acquired an autonomous driving start-up, jumping into an extremely competitive area, while trying to diversify its business beyond smartphones. Xiaomi said Wednesday it had acquired…
Microsoft Hires Former Amazon Cloud Executive Charlie Bell
Microsoft has hired Amazon cloud executive Charlie Bell as a corporate vice president, CNBC has confirmed. The move represents a victory for Microsoft, whose Azure cloud business is trying to…
U.S. Near Deal For Nvidia Supercomputer As It Waits For Delayed Intel Machine -Sources
The U.S. Department of Energy is nearing a deal to purchase a supercomputer made with chips from Nvidia Corp (NVDA.O) and Advanced Micro Devices Inc (AMD.O) as a key lab…
EU Extends Deadline On Facebook’s Kustomer Deal To Jan. 7
EU antitrust regulators will decide on Jan. 7 whether to clear Facebook’s (FB.O) purchase of U.S. customer service startup Kustomer, a European Commission filing showed on Wednesday, extending the deadline…
Western Digital In Advanced Talks To Merge With Japan’s Kioxia Holdings – WSJ
Western Digital Corp (WDC.O) is in advanced talks for a potential $20 billion stock merger with Japanese semiconductor firm Kioxia Holdings Corp, the Wall Street Journal reported on Wednesday, citing…
Hybrid Work Demand Fuels Salesforce Earnings Forecast
Salesforce.com Inc (CRM.N) on Wednesday signaled the shift to hybrid work would keep demand for its cloud-based software strong in the third quarter, after trumping market expectations for earnings in…
Google Brings Samsung 5G Modem Tech To U.S. Market With New Pixel Phone -Sources
Google will tap Samsung Electronics Co Ltd (005930.KS) to supply the 5G modem for its next flagship Pixel smart phone, sources familiar with the matter told Reuters, signaling the first…
Hunters Brings In $30M Series B To Grow XDR Security Tech
With the growing volume of ransomware and supply chain security attacks, there is a need for organizations to more rapidly detect threats. It’s that opportunity that startup Hunters is looking…
Biden To Host Tech, Finance And Energy CEOs For Security Summit At White House Following Wave Of Cyberattacks
President Joe Biden will meet Wednesday with top executives from several of the largest companies in tech, financial services, insurance, energy and education to discuss how to combat cybersecurity threats.…
Exclusive U.S. SEC To Scrutinize Firms’ Digital-Eengagement Practices As Investor Worries Grow
The U.S. Securities and Exchange Commission (SEC) will seek input on whether digital customer engagement innovations used by financial firms should be governed by existing rules or may need new…
S.Korea Set To Curb Google, Apple Commission Dominance
South Korea is likely to bar Google and Apple from requiring software developers to use their payment systems, effectively stopping them from charging commissions on in-app purchases, the first such…
Chinese Electric Carmaker Xpeng Starts Exporting Flagship P7 Sedan For The First Time
Xpeng Inc. began shipping its flagship P7 sedan to Europe on Tuesday, underscoring the Chinese electric carmaker’s ambitions to expand internationally. The shipment of P7 models will be sent from…
Elon Musk Says SpaceX Has Shipped 100,000 Starlink Terminals
Elon Musk said in a series of tweets on Monday that his aerospace venture, SpaceX, has shipped 100,000 Starlink terminals so far, and is now serving 14 countries with license…