Microsoft Corp. CEO Satya Nadella announced that the company launched an initiative that would help university and nonprofits researchers for the next three years, by donating $1 billion worth of Microsoft Cloud Services.
Industry
Tech Mahindra Manages $200 million For Investing In Startups Across The Globe
World Economic Forum (WEF) meeting is the perfect place to represent future business plans. Tech Mahindra, an Indian IT service provider, has been seeking opportunity to invest in startups since long. Finally, the Indian IT giant has chosen the meeting to elaborate its economic strength, technical know -how and keenness to portray itself as a potential startup investor.
Economists see robust hiring, housing in the US economy
The US economy is witnessing surge in job market and attractive mortgage rates. These positive factors are expected to boost the new home market. The US economy is forecast to grow at 2.7 percent in 2016 from 2.1 percent in 2015. Economists predict that the GDP growth rate may slowdown to 2.2 percent in 2017. The market for new homes grew 15 percent during the first 11 months of 2015.
UK unemployment rate at 10-year low; earnings slow down
The jobless rate in the UK was recorded at 5.1 percent for the quarter ending November 2015. This showed the lowest jobless rate since October 2005. However, wage growth is slowing down in the UK industry. The employment rate was at high of 74 percent since 1971, according to the latest data released by Office for National Statistics.
Boeing is Reporting $569 Million Loss and Scaling Down Its 747 Production
Boeing will report a $569 million after-tax accounting loss in its fourth quarter. The company will also reduce production of its 747 airplane starting September this year..
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After the remelting scandal that hit Mast Brothers’ hipster chocolate, certain retail stores selling the product claim that sales of the bar went down by 66 percent.
Facebook CEO Mark Zuckerberg, has continued his efforts to spread internet even in the poor countries through Free Basics or internet.org. Even in paternity leave, he responds to the criticisms placing arguments. But now, he is facing criticism even from his own house. An unidentified Facebook employee has appeared to criticize his moves and Facebook spokesperson hasn’t commented on such in-house resistance.
Greatist has raised 4.5 million US dollar in Series A round. The company will utilize the funds to add more staffs, on the advertising department, to create additional custom programs like events and original content, according to Derek Flanzraich, CEO of Greatist.
Skype aims to help users be more productive with the two new features for Skype for Android. With these new features, users can easily schedule calls and open Office files. Microsoft has been improving their apps, including its popular Skype to perform better in various platforms.
Las Vegas city cabs have overcharged the customers by a whopping $47 million, the findings reveal. The root cause of this extortion lies in its ridiculously high $3 credit card processing fees along with a hike in fuel surcharge. Long-hauling is also an added factor in duping particularly the tourists. The auditors have slammed some pretty harsh recommendations on the Nevada Taxicab Authority which regulates all Clark County cabs.
Chipotle will close their stores across the country on February 8 for a few hours so that corporate officials can discuss the new steps the company is taking about food safety. The chain has been hit by frequent outbreaks of food-borne illnesses in the past year, with the cause not yet announced.
A recent report showed the declining trend of people to have driver's license in United States. Research was conducted by University of Michigan Transportation Research Institute.
AMD said that it expects Polaris architecture based GPUs to begin shipments in the middle of 2016. According to the reports one version of Polaris GPU is aimed for light and thin laptops as well as entry-level desktops, while the other is designed for high performance.
KAIST, a Korean science and technology institute has developed the Fireproof Aerial RObot System (FAROS). FAROS is a sort of drone capable of locating humans’ position trapped inside a sky scrapper through its inbuilt thermal imaging camera. The research team, that invents fire fighting drone, has demonstrated the feasibility of the localization system and wall-climbing mechanism in a smoky indoor environment.
