Business

Canva now valued at $3.2 billion after $85 million fundraise

Canva is now valued at $3.2 billion after an $85 million fundraise by Mary Meeker’s venture capital firm joined by General Catalyst, Bessemer Venture Partners, Blackbird, and Sequoia China. It is an eye-popping new valuation as the amount has dramatically increased from  $2.5 billion...

Huawei reports 24.4% Q3’s sales gain despite US sanctions

Huawei, a multinational technology company dealing in telecommunications equipment and sells consumer electronics, including smartphones, has released its revenue report for Q3 2019 today. It is a leading smartphone brand that surpassed Apple in Q2 2018 and ranked in 2nd position after Samsung. Huawei...

AI-based health startup Healx raises $56M

Healx, a UK-based biotechnology startup, has secured a $56 million in Series B funding to combat rare diseases using AI as reported by Bloomberg. This funding round was headed by Atomico, an investment company led by Swedish billionaire and founder of Skype Niklas...

Apple starts sending Safari browsing data to Chinese Tencent

It seems Apple is more inclined towards China. It removed Taiwan flag emoji from iOS in Hong Kong soon after the launch of iOS 13.*. Now, Apple has also started to share safe browsing data of its official browser to a Chinese tech...

Is Apple siding with China over Hong Kong? Tim Cook writes memo as HKmap is down

One of the largest US-based companies has done something that many say under the pressure of China. The US is losing its card in a trade war with China? Is China showing its muscle to alter the decisions of a very notable US...

Oracle is hiring 2000 people for its cloud division, after massive laying off this year

Oracle Corporation; American multinational computer Technology Corporation has announced on 8th October 2019 that it would be hiring 2,000 people for its cloud business. It is 1.5% of its overall workforce of 1,39,000 employees.  Why Oracle laid off massive jobs recently?  Recently the company has...

Is Silicon Valley paying enough Tax?

In the wake of the 2020 Presidential Election Campaign, Bernie Sanders unveiled his idea of wealth tax. The veteran senator called "Billionaires shouldn't exist.." last week in Washington. He embraced this idea by theorizing tax reforms and its method of accumulation.   OECD again challenges...

WeWork to lay-off 2,000 employees; amid IPO crisis

WeWork planned to cut 2,000 jobs at the end of October 2019 after the failed IPO. WeWork — an American commercial real estate company that provides co-working space to companies and startups was founded in 2010. The company has over 800 locations worldwide...

SpaceX reveals giant Starship rocket.

Elon Musk’s desire to conquer space and Mars has now come into a new phase, maybe the last one. Last day at the occasion of an annual update about superheavy and Starship, Elon Musk revised his vision to colonize Mars. This event featured...

Top 5 Technology Trends in 2020

With ever-changing technology around us it is important to keep an eye on what’s coming up in the future.  In this report, we are sharing our picked top technology trends in 2020.  1. 5G Data Networks 5G will be the fastest cellular internet launched which...

Latest News

Augmented Reality is no longer folklore but is now being incorporated into various industries such as retail and manufacturing. Researchers are spending funds on the expansion of AR to keep...