Google Bolsters Artificial Intelligence Efforts, Partners with Oxford

October 23, 2014 | Tags: , , ,

Google is expanding its artificial intelligence initiative, hiring more than half a dozen leading academics and experts in the field and announcing a partnership with Oxford University to “accelerate” its efforts. Google will make a “substantial contribution” to establish a research partnership with Oxford’s computer science and engineering departments, the company said on Thursday regarding its work […]

GT Advanced Settles with Apple, to Exit Sapphire Production

October 23, 2014 | Tags: , , , , , ,

GT Advanced Technologies said it reached an agreement with Apple under which it will stop making sapphire materials and focus on supplying equipment to make sapphire crystals. GT said it would be released from all exclusivity obligations with Apple and a mechanism would be provided for the iPhone maker to recover its $439 million pre-payment […]

AT&T Revenue Rises Less than Expected

October 22, 2014 | Tags: , ,

AT&T shares fell 0.9 percent to $33.75 after closing at $34.50 on the New York Stock Exchange. The company reported a record low number of customer defections, but average revenue per phone user fell 8 percent from a year earlier. AT&T added 2 million new wireless customers and 785,000 contract subscribers in the quarter. Wireless service […]

EMC to Buy Much of Cisco’s Stake in Joint Venture VCE

October 22, 2014 | Tags: , , ,

Data storage products maker EMC Corp said it will buy much of Cisco System Inc’s stake in their joint venture VCE for an undisclosed sum. VCE, set up in 2009 as a one-stop shop for data centers, bundles Cisco’s networking equipment and servers with EMC’s storage gear and software from EMC’s virtualization software unit VMware Inc. Reports of EMC and Cisco […]

Apple CEO Discusses Security with Top Chinese Official Amid Hacking Claims: Xinhua

October 22, 2014 | Tags: , , , , ,

Apple Chief Executive Tim Cook discussed user data security at a meeting on Wednesday with a top Chinese government official in Beijing, the official Xinhua news agency reported. The meeting comes days after a Chinese web monitoring group published a report saying Apple users in China have been targeted in a sophisticated and widespread attack by hackers seeking […]

Yahoo Ekes Out Third Quarter Revenue Gain Despite Display Ad Weakness

October 21, 2014 | Tags: , , , ,

Yahoo reported a modest increase in revenue during the third quarter, exceeding lackluster Wall Street targets, as the Internet company’s online display advertising business continued to struggle. Shares of Yahoo rose 1.1 percent to $40.61 in extended trading on Tuesday. “This is a continuation of what we’ve seen for most of the last two years,” said Pivotal […]

Verizon Posts Higher Revenue as Consumers Use More Data

October 21, 2014 | Tags: , , ,

Verizon Communications quarterly revenue rose 4.3 percent, matching forecasts, as price cuts attracted more customers and growing mobile video traffic boosted data usage. Subscribers’ tendency to use more than one device, plugging in tablets and vehicle consoles to its network, also bolstered results. Postpaid customers connected nearly three devices per account, an increase of 3.7 percent. […]

Apple Sells Better-than-Expected 39.3 Million iPhones in September Quarter

October 20, 2014 | Tags: , , , ,

Apple forecast a strong holiday quarter after a better-than-expected 16 percent jump in iPhone sales, and the strongest growth in Mac computer shipments in years helped the company surpass Wall Street’s targets. The company on Monday projected stronger-than-expected revenue of $63.5 billion to $66.5 billion in the December quarter, when new iPads and iPhones vie […]

Marc Andreessen Quits eBay Board Ahead of PayPal Spinoff

October 20, 2014 | Tags: , , , , ,

Venture capitalist Marc Andreessen said he was quitting eBay board following the online retailer’s decision last month to spin off its electronic payment unit, PayPal. The Silicon Valley pioneer has been involved in a public war of words with activist investor Carl Icahn, one of eBay’s largest shareholders, who convinced the company to spin off PayPal […]

Microsoft Plans to Launch Smartwatch within Weeks

October 20, 2014 | Tags: , , , ,

Microsoft is preparing to launch a smartwatch within the next few weeks that will passively track a user’s heart rate and work across different mobile platforms, Forbes reported on Sunday. The wearable gadget’s battery life will exceed two days of regular use, Forbes reported, citing unnamed sources close to the project. It will arrive in […]