A system for machine-generated speech that it says outperforms existing technology by 50 percent has been created by Google’s DeepMind unit, which is working to develop super-intelligent computers. An artificial intelligence called WaveNet that can mimic human speech by learning… Read More ›
Month: September 2016
Mastercard sued for $19 billion in Britain’s biggest damages claim
According to court documents filed in London, a legal case brought against Mastercard demanding 14 billion pounds ($19 billion) in damages for allegedly charging excessive fees could potentially benefit some 46 million people in Britain. When shoppers swiped their debit… Read More ›
Wells Fargo settles customer fraud with $190 million
Wells Fargo has been accused of pushing financial products on customers which they did not ask for or was required by them. Although Wells Fargo’s ability to sell multiple products to the same customer base is legendary, regulators have now… Read More ›
Google set to acquire Apigee Corp for $625 million
Apigee’s expertise lies in developing APIs for cloud computing. Analysts opine that the deal could help Google close-in on the competition. In a deal aimed at garnering a greater share of the increasingly lucrative cloud business, Google has disclosed that… Read More ›
Danger of Donating to Trump-Pence Ticket Alert Sounded on Wall Street
Donating to the Trump-Pence ticket may be more trouble than it’s worth – this seems to be the new memo for Wall Street. After Credit Suisse Group AG and Northern Trust Corp., it was the turn of Goldman Sachs Group… Read More ›
Hewlett Packard Enterprise set to divest Micro Focus for $8.8 billion
Originally a British company, the move reflects a shift in HPE’s strategy, which tries to capitalize on opportunities presented by Brexit while changing its focus from printers and computers to networking, storage and technological services. Hewlett Packard Enterprise Co has… Read More ›
Activity tracking is Apple’s new mantra
In a strategic move, with the launch of the iPhone 7, Apple plans on consolidating its position in the smartphone market while it forays deeply into the fitness market and grabs market share from existing players such as Fitbit. The… Read More ›
Apples makes a splash with its Apple Watch Series 2
With the Apple Watch Series 2, Apple has narrowed its focus on the wearable fitness market, a huge plus from its earlier fashion offering. However according to analysts, unless it can partner the new watch with a killer app, its… Read More ›
Cost Cuts by China’s Biggest Banks Results in Departure of Tens of Thousands of Jobs
The possibility that employment has peaked at the firms that are the world’s biggest providers of banking jobs was highlighted when China’s four biggest banks reported that staff numbers fell by the most in at least six years in the first… Read More ›
$20 Billion of Projects May be Cancelled by Saudi Arabia due to Cost-Cutting Drive
With the aim of repairing finances squeezed by low oil prices, projects worth more than $20 billion is planned to be cancelled and ministry budgets by a quarter are to be slashed by Saudi Arabia, reported Bloomberg citing people familiar with… Read More ›