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Walmart's Flipkart in early talks to raise $1 billion - ET
BENGALURU (Reuters) - Walmart Inc-owned Indian e-commerce firm Flipkart is in early talks with investors to raise at least $1 billion, the Economic Times reported https://economictimes.indiatimes.com/tech/funding/flipkart-plans-a-big-billion-day-with-new-investors/articleshow/82533913.cms on Tuesday, citing people familiar with the matter. Flipkart's fund raise plans come at a time when the company is considering an initial public …
IBM to focus on AI and hybrid cloud in new chapter for Big Blue
BERLIN (Reuters) - IBM is rolling out innovations in artificial intelligence, hybrid cloud operations and quantum computing as the company that created the personal computer follows through on a roadmap it set out a year ago. The U.S. company made the announcements to coincide with its annual Think Conference on …
Dell chief executive sees chip shortage lasting a few years
BERLIN (Reuters) - A worldwide lack of semiconductors is proving a challenge for computer manufacturers, but the shortage is likely to persist for some years, the chief executive and founder of Dell Technologies told Germany's Handelsblatt newspaper. A surge in demand for electronic devices, coupled with U.S. sanctions against Chinese …
Exclusive: Foxconn iPhone India output drops 50% amid COVID surge-sources
TAIPEI (Reuters) - Production of the Apple iPhone 12 at a Foxconn factory in India has slumped by more than 50% because workers infected with COVID-19 have had to leave their posts, two sources told Reuters. The Foxconn facility in the southern state of Tamil Nadu produces iPhones specifically for …
U.S. Commerce chief planning meeting on chip shortage - sources
By David Shepardson WASHINGTON (Reuters) - U.S. Commerce Secretary Gina Raimondo plans to hold a May 20 meeting with senior U.S. auto industry leaders and others on a semiconductor shortage that has cut production, two sources briefed on the matter said. The meeting will include General Motors Co, Ford Motor …
Factbox - Five facts about ransomware attacks
(Reuters) - A ransomware attack on top U.S. fuel pipeline operator Colonial Pipeline has brought attention to the growing area of cybercrime. The following are some details on ransomware and the issues around it: What is ransomware? - Ransom software works by encrypting victims' data; typically hackers will offer the …
Formula One great to develop electric vans, SUVs for carmakers, startups
By Nick Carey LONDON (Reuters) - Supercar maker the Gordon Murray Group said on Tuesday it plans a 300-million-pound ($420 million) expansion over the next five years, which includes developing electric SUVs and delivery vehicles for carmakers as it shifts towards an all-electric supercar by 2030. "Electric is what we've …
Roblox reveals bookings surge in first post-debut report
(Reuters) -Roblox Corp on Monday trounced quarterly bookings estimates in its first earnings report since a blockbuster debut as the U.S. gaming company benefited from a surge in spending by kids stuck at home due to the pandemic. Shares were last up 5% in choppy extended trading, set to add …
Amazon raises $1 billion sustainable bond for climate, social causes
By Kate Duguid and Simon Jessop NEW YORK/LONDON (Reuters) - Amazon.com Inc issued its first sustainability bond on Monday, raising $1 billion to invest in renewable energy, clean transport, greener buildings and affordable housing. The world's biggest company joins a growing list of debt issuers tapping the market for green …
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AWS Guide to Data + AI Summit Featuring Disney+, Comcast, Capital One and McDonald’s
This is a guest co-authored post. We thank Igor Alekseev, partner solution architect at AWS, for his contributions. Data + AI Summit: Register now to join this free virtual event May 24-28 and learn from the global data community. Amazon Web Services (AWS) is a Platinum Sponsor of Data + …
Junior Data Scientist Job Interview Questions (and How to Answer Them)
In this article, I’ll show you a few junior data scientist job interview questions… And also how to answer them. Before we get started… This article is part... The post Junior Data Scientist Job Interview Questions (and How to Answer Them) appeared first on Data36.
Improving Customer Experience With Transaction Enrichment
The retail banking landscape has dramatically changed over the past five years with the accessibility of open banking applications, mainstream adoption of Neobanks and the recent introduction of tech giants into the financial services industry. According to a recent Forbes article, millennials now represent 75% of the global workforce, and …
FireEye shares jump after pipeline cyberattack
(Reuters) - Shares in cybersecurity technology provider FireEye Inc were up 4.6% on Monday after top U.S. fuel pipeline operator Colonial Pipeline had to shut its entire network due to a cyber attack on Friday that involved ransomware. Cybersecurity industry sources told Reuters that FireEye was brought in to respond …
Harley-Davidson launches all-electric motorcycle brand 'LiveWire'
(Reuters) - Harley-Davidson Inc on Monday launched an all-electric motorcycle brand "LiveWire," the latest effort by the company to ramp up bets on the rapidly growing electric-vehicle market. Named after Harley's first electric motorbike, which was unveiled in 2019, the "LiveWire" division is slated to launch its first branded motorcycle …
Jack Ma makes rare visit to Alibaba headquarters in Hangzhou
BEIJING (Reuters) - Alibaba founder Jack Ma, largely out of public view amid a regulatory clampdown on the group, made a rare visit to its Hangzhou campus on Monday during the e-commerce giant's annual "Ali Day" staff and family event, company sources said. The billionaire has kept an extremely low …
U.S. state AGs urge Facebook to cancel plans for Instagram for younger kids
By David Shepardson WASHINGTON (Reuters) -A group of 40 state attorneys general on Monday urged Facebook Chief Executive Mark Zuckerberg to abandon plans to launch a version of Instagram for children under the age of 13. "Use of social media can be detrimental to the health and well-being of children, …
U.S. pipeline hackers say their aim is cash, not chaos
By Raphael Satter WASHINGTON (Reuters) - The ransomware group accused of crippling the leading U.S. fuel pipeline operator said on Monday that its goal was to make money and not sow mayhem, a statement that experts saw as a sign the cybercriminals' scheme had gone farther than they had intended. …