Facebook Sets Up Libra Networks in Switzerland

Facebook has reportedly set up a fintech company dubbed Libra Networks in Switzerland. The move clearly correlates with the social media giant’s Project Libra. According to Reuters, the focus of the fintech is on the blockchain, payments, data analytics, and investing. Libra Networks, which was registered in Geneva on May 2, will provide financial and…

Blockchain Is Making Waves In Media And Entertainment

Last January I wrote about how blockchain could make waves in media and entertainment in 2018. Here is an update, based on my own research, participation in conferences, and research by others. It is timely as last week we saw cryptocurrency bitcoin, the most popular application of blockchain technology, stumble below the $4,000 price floor…

Google Is Quietly Working on a Successor to Android : Project Fuchsia

For more than two years, a small and stealthy group of engineers within Google has been working on software that they hope will eventually replace Android, the world’s dominant mobile operating system. As the team grows, it will have to overcome some fierce internal debate about how the software will work. The project, known as…

China’s Payment Apps Give U.S. Bankers Nightmares

Wandering the streets of Shanghai to admire the architecture, the head of one of the largest U.S. consumer banks recently found himself surrounded by a gaggle of teenagers. Entranced by their phones, they hardly made way for the banker. The teens were messaging, shopping and sending money back and forth, all without cash. Instead, they…

Microsoft and Google Trying to Catch Amazon in the Cloud

It’s hard to think of a business Amazon.com Inc. dominates as convincingly as the market for cloud computing services. Andy Jassy, chief executive officer of the company’s cloud division, Amazon Web Services Inc., likes to brag that his outfit has several times as much business as the next 14 providers combined. Amazon’s next-largest cloud competitor,…

Google’s Artificial Intelligence Is Now Creating its Own

Google’s pretty good when it comes to designing artificial intelligence. Its most famous neural network, DeepMind, is both able to “dream” and understand the benefits of betrayal. It’s also better than any living human at the infinitely complex game, Go. As impressive as this is, Google is determined to show the world it’s not just…

After Google, is Dell on its way out of China?

Seriously, its high time the government of India paid proper heed to push up the manufacturing industry in the country. Prime Minister Manmohan Singh dropped a bombshell at the meeting of the full planning commission on Tuesday when he disclosed that the US computer hardware giant Dell was looking at shifting out of China, and…

Google to pull out of China

Looks like Google’s patience has been tested enough. First, in the pursuit of money, Google overlooked its “see no evil, do no evil” policy.  Now after being repeatedly getting hacked by the Chinese government and its army of hackers, Google seems to be realising that it was in bed with the devil by agreeing to…