Aston Martin confirms a brand new 5.2-litre, twin-turbocharged V12 engine through a video posted online.
Industry
Tata Steel bonds at record low as S&P downgrades
Standard & Poor's (S&P) has downgraded credit rating of Tata Steel's bonds. S&P cited reasons such as the poor operating performance and high leverage at Tata Steel for downgrading. Indian steel industry is suffering from glut in production and surging imports.
Britain Interest Rate Hike Will Be Shocking but Seems Inevitable
Bank of England has been keeping its interest rates at the lowest point at 0.5% since March 2009. However, some signals of the interest rate upsurge will be a shock to some people in Britain.
Samsung Reached a Deal to Manufacture The Latest Qualcomm Processor
Samsung Electronics announced that it will produce the latest Qualcomm processor. The Qualcomm Snapdragon 820 will be mass produced using Samsung technology.
Google’s Clay Bavor to lead company's newly created virtual reality team
Google’s product management VP, Clay Bavor, is appointed as the head of its newly created virtual reality (VR) computing division, showing that the tech company is now taking aggressive moves in the VR industry.
Latest News
Uber has changed its driver recruitment policy and advised the previously rejected applicant seeking for drivers’ job to take the benefit of proposition 47. This law allows nonviolent criminal offenders to downgrade their offence level to misdemeanor through submitting applications. Uber’s effort is believed to benefit the released inmates who aim to rebuild their lives.
GoPro Inc., Sun Mateo, California based company is going to cut 7% people out of its 1500 employees following poor sales revenue in Q4. Some technical issues have been blamed for sluggish sales during the fourth quarter from the action camera maker’s behalf. But the company axes over the employees to restructure expenses. However, analysts presume, the fall in sales revenue may not be up to that magnitude.
Like other tech giants, Shape Security Inc., ‘Botnets’ security service provider has been eyeing to enter into Chinese ecommerce market since long. Inclusion of Beijing based investor, Northern Light and raising sufficient funds for spreading elsewhere- appear as two contributing factors. These factors have led Shape to penetrate the world’s largest ecommerce zone.
Amazon has recently updated its Echo Smart speaker. The added features include playing Jeopardy through voice commands. This trigger word makes the artificially intelligent in built smart speaker to respond and get engaged with question- answer phrases. The updated Echo smart speaker will be charged through docked stations instead of traditional plugging in system round the clock.
The Department of Transportation has come out with a latest report on the US aviation sector. The department expressed its concerns that pilots don't have much expertise in handling aircraft manually. US pilots fly aircraft on automated system for over 90 percent flying. This makes pilots unable to control the aircraft in unforeseen situations.
A group of technology executives in Canada and U.S. launched a Toronto-based $100 million venture fund. The group is focusing to fund enterprise software to establish its investment portfolio.
Venture capital firms raise less capital and face a slowdown in tech funding for 2015. However, the number is still above annual average since 2006.
Venture capital fund in the U.S. dropped by 9% in 2015, but a strong fundraising pace from 2014 continued. Investor become more selective to put the capital in startup companies.
John Legere has been witnessing a social media riot centering his F bomb blasting during a question- answer session in Twitter on Monday. One of T Mobile’s ‘Binge On’ has reportedly withdrawn itself from the platform. The embattled CEO has been compelled to seek apology but tries to make it conditional. T Mobile is accused of violating net neutrality through throttling by EFF and net neutrality advocates.
