Nokia accuses Apple of infringing its 32 technology patents

Nokia Corporation (ADR) (NYSE: NOK) filed several lawsuits against Apple Inc (NASDAQ: AAPL) on allegations that the Cupertino-based iPhone maker infringed its 32 technology patents. The Finnish company its patent infringement complaints against Apple in the in the Regional Courts in Dusseldorf, Mannheim and Munich in Germany and the US District Court for the Eastern District of Texas on Wednesday. It is also in the process of filing further cases against Apple in other jurisdiction. Nokia is a provider of network infrastructure and related services globally. It is also focused…

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Alphabet Shares Spike on Q3 Earnings that Beat Estimates

Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG), the parent company of Google, reported Third-quarter financial results that surpassed the consensus estimates of Wall Street analysts. The company’s shares surged during the extended trading hours on Wednesday, around 5:23 p.m. in New York.  The GOOGL stock climbed nearly 0.81% to $824 per share and GOOG stock went up 1.17% to $804.62 per share. In a statement, Alphabet CFO Ruth Porat said, “We had a great third quarter, with 20% revenue growth year on year, and 23% on a constant currency basis. Mobile…

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Half Billion Yahoo Users’ Accounts Hacked

Yahoo

Yahoo confirmed that at least half billion of its users’ accounts were hacked by a state-sponsored hacker, who perpetrated a cyber attack on its network in late 2014. According to the company the hacker stole a copy of certain user information that may have included users’ names, birthdates, e-mail addresses, and hashed passwords. The hacker may also have taken encrypted or unencrypted security questions and answers in some cases. Yahoo’s ongoing investigation indicated that the hacker failed to access unprotected passwords, bank account information or payment data during the data…

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GoPro Promises Hollywood-Caliber Aerial Shots with Karma Drone Camera

GoPro Inc (NASDAQ: GPRO) unveiled its long-anticipated Karma drone along with new Hero5 camera models during an event, which was held near Lake Tahoe at Squaw Valley, California today, September 19. Nick Woodman, the company’s founder and CEO promised that GoPro Karma offers Hollywood-caliber aerial shots and an image-stabilization grip that can be handheld or mounted to vehicles, gear, and more. Mr. Woodman added that the GoPro Karma is easy to use, and a beginner could have fun with the drone right away. The drone features a compact design that…

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Salesforce.com Launches Einstein AI Platform

Salesforce.com (NYSE: CRM) launched an artificial intelligence (AI) platform called Salesforce Einstein on Sunday. The AI platform is integrated into some of the company’s cloud services such as Sales Cloud, Service Cloud, Marketing Cloud, Analytics Cloud, App Cloud, Commerce Cloud, Community Cloud, and IoT Cloud. John Ball, the general manager of Salesforce Einstein said the company aims to use AI tools to enhance its extensive portfolio of products. He said, “There is an absolute revolution occurring in artificial intelligence. This is democratizing AI so that every company can benefit from…

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Samsung Unveils Gear S3 Smartwatches with Striking Designs

Samsung Electronics (KRX: 005930) unveiled its two new Gear S3 smartwatches with striking designs on Wednesday as it aims to strengthen its leadership in the wearable industry further. The South Korean electronics giant said it was inspired by traditional timepieces and the art of watchmaking in developing its new smartwatches. The company conducted intensive research and surveyed consumers, industry leaders, and watch experts before developing the Gear S3. Samsung introduced its new Gear S3 smartwatches before the opening of the 2016 IFA, the world’s largest trade show for consumer electronics…

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Facebook Will Not Become a Media Company Says CEO Mark Zuckerberg

Facebook (NASDAQ: FB) will not become a media company and will remain a technology platform, according to its co-founder and CEO Mark Zuckerberg during a Q&A with students at Luiss University in Rome, Italy on Monday. Zuckerberg said, “We are a technology company. We are not a media company.” According to him, Facebook builds and provides tools to users for them to curate their experiences and connect with people, businesses, and institutions in the world. He added that the social network giant does not produce and edit contents, unlike media…

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Microsoft Buys AI Startup Genee; Boosts Partnership with Lenovo

Microsoft acquires Genee

Microsoft Corporation (NASDAQ: MSFT) agreed to acquire Genee, a startup offering scheduling services powered by artificial intelligence (AI). Genee uses natural language processing and optimized decision-making algorithms to allow users interact with a virtual assistant just like a human being. Ben Cheung and Charles Lee co-founded Genee in 2014 to simplify the task of scheduling and rescheduling meetings. They will join Microsoft after the completion of the acquisition. Microsoft to shut down Genee on September 1 In a blog post, Mr. Lee said the startup would close its operations in…

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Amazon.com (AMZN) Aims to Offer a $5 Music Streaming Service

Amazon

Amazon.com (NASDAQ: AMZN) intends to launch two music streaming services that would compete directly with Apple (NASDAQ:AAPL), Pando Media (NYSE: P), Spotify, and other companies. According to Re/code, the e-commerce giant is considering a streaming service exclusively for its Amazon Echo smart speaker with a subscription fee of around $4.00 to $5.00 a month. The service will offer unlimited and ad-free music, but it will not work on smartphones. Amazon is also planning to launch a music streaming service similar to its competitors—unlimited, ad-free music that you stream on any…

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