Tag Archives: Companies

According to Tesla CEO Elon Musk, there’s a good enough chance that the company could grant limited access for some of its customers to a “feature complete” product which will have full self-driving (FSD) capabilities, before the end of 2019. Musk, during a Tesla earnings call yesterday, suggested that it would be a type of beta test, carefully carried out to further the company’s move on autonomous capabilities. He, however, added that the release is “not for sure” and even though it...

TBCASoft, IBM and SoftBank Corp. have announced their collaboration in an effort to transform the industry of telecommunications. The companies will work on developing cross-carrier blockchain solutions, offering new services to telecom carriers and their clients, and promoting advanced business models.TBCASoft is a US-based startup company that focuses on developing technologies especially for the sector of telecommunications. Founded in 2016, the company received funding from SoftBank, and...

China’s internet and communications giant Tencent has recently raised concerns that if Facebook succeeds in its Libra launch by 2020, local Chinese payment service providers like WeChat pay and Alipay would face major threats in global markets.Tencent recently published a blockchain whitepaper in Chinese, wherein it calls Facebook’s Libra initiative as “bold and radical” as well as “prudent and rational”. The Chinese tech giant explains how Libra can quickly make inroads in markets where the...

Ever since Facebook officially announced its plans to float a digital currency and then released the Libra whitepaper, there have been very polar reactions to the idea, which continue to this day. The United States Congress right from the start has made it clear that they are not excited about the idea and would prefer it doesn’t continue. We have already reported that as part of the process of seeking regulatory support, Facebook CEO Mark Zuckerberg has been obliged to support his position...

In what seems to be a last attempt to save shared workspace company WeWork, Softbank which is by far the superstar of Venture Capital finance firms has decided to wade into the matter once again with a compromise that might just save the company from teetering on the edge of oblivion.In an agreement that gives Softbank about 80% control of WeWork, co-founder and CEO Adam Neumann is expected to walk away with a bonus package worth about $1. 7 billion. Sources indicate that Softbank has offered...

Photo: Beyond Meat / FacebookNow we all know Jim Cramer to be one of the most outlandish characters ever on TV but his advice a lot of the time makes total sense. Take the case of Beyond meat (BYND) which is the meat-substitute startup that was founded in 2009 by Ethan Brown. With the stronger performances of competitors that are eating at its market share where retailers are concerned and lower liquidity ratios than expected the popular analyst believes that the bubble has burst for the...

Snap Inc., the parent company of multimedia messaging app Snapchat has delivered a strong performance in Q3 2019 and beats analysts’ expectations. The company has seen a major uptick in its user-base and revenue while limiting its losses even below the expected value.The net loss has decreased to $227 million from $255 million in Q2 2019 while it has decreased nearly $100 million QoQ. Last quarter, Snapchat added 7 million daily active users taking the total tally to 210 million. There is a...

Photo: ShutterstockPer a recent announcement, blockchain and cryptography data and research company Brave New Coin (BNC) has said that its cryptocurrency indices will now be applied by crypto trading service INX, as it prepares to launch its first fully approved security token sale. INX is focused on making sure that its offerings and practices are strict and as transparent as possible, a decision that has pointed the digital asset trading service in the BNC direction.According to BNC, INX...

Even though the long-awaited Apple‘s 16-inch MacBook Pro hasn’t yet been announced, DigiTimes reports that it could be out before the end of October citing the unnamed supply chain sources.The same sources claim that Taiwan’s Quanta Computer already started producing the 16-inch MacBook Pro in shipping quantities, and are ready for stocking the stores.For now, what we know is that the computer could have a scissor keyboard that means the old, butterfly keyboard is the thing of the past now....

In an effort to ensure that Facebook’s Libra cryptocurrency breaks down regulatory walls and launches on time or at least not too far from the earlier planned launch date, the social media giant is willing to make some compromises.In a testimony recently submitted to the House Financial Service Committee, Facebook CEO Mark Zuckerberg has confirmed to U.S. lawmakers that Facebook itself will not handle Libra, suggesting that the Libra Association which is the body tasked with the role of...