A startup that tried to advance the dream of intelligent robots in the home with its toy robot Cozmo is shutting down. San Francisco-based Anki says it’s laying off its employees on Wednesday after failing to raise enough money to keep the business going. The company said last year it’s sold more than 1.5 million […]
AT&T: 3Q Earnings Snapshot
AT&T Inc. (T) on Wednesday reported third-quarter net income of $4.72 billion. The Dallas-based company said it had profit of 65 cents per share. Earnings, adjusted for one-time gains and costs, came to 90 cents per share. The results fell short of Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment […]
Spain Considers New Taxes on Internet Companies
Spain’s Socialist government wants to introduce new taxes on big internet companies and on financial transactions as a way of paying for improved pensions and public services. The proposed tax on digital services will be levied on companies with annual revenue of more than 750 million euros ($860 million) worldwide and earnings in Spain above […]
New Android Version, ‘Pie,’ Rolls Out Monday On Pixel Phones
The next version of Google’s Android system will be called Pie. It will use artificial intelligence to adapt to how you use the device. For instance, Android will set screen brightness by studying your manual adjustments, rather than automatically switching to a certain level based on ambient light. Google names its Android versions after sweet […]
Japan Banks On 3D Mapping Deemed Crucial For Driverless Cars
Technology companies are racing to develop ultra-precise digital maps that can guide self-driving cars within inches of where they should be — a hurdle the industry needs to clear if it hopes to deliver on its promise of widespread use of driverless vehicles. Japan’s government is backing a three-dimensional mapping system developed by Mitsubishi Electric Corp. that […]
Michigan Students Prep For Global Robotics Competition
A University of Michigan initiative has helped more than 2,800 Detroit high school students build robotics, train for competitions and expand their science, technology, engineering and math education. Students will be able to put their practice to the test as Detroit gears up to host the FIRST Championship, a global robotics competition. About 90 of […]
Fiat Chrysler To Spin Off Components Business
MILAN (AP) — Fiat Chrysler Automobiles has announced it will spin off the Magneti Marelli components business as part of its five-year plan to be announced in June. FCA CEO Sergio Marchionne said in a statement Thursday that the move would allow the Italian-American automotive company to focus on its core business while giving the […]