Automotive and tech firms are poaching each other’s talent to pull ahead in the driverless car race October 3, 2016 Automotive and IT firms are poaching each other’s talent in a bid to nudge ahead in the driverless car race, according to research by CPA Global. Its analysis found that more than 20 patent inventors have made the switch from automotive to IT companies or vice versa since 2008, with Google’s self-driving car programme serving [...]
Darktrace is now worth $500m and has IPO ambitions October 3, 2016 One of the UK's hottest tech startups is now worth half a billion dollars and has ambitions to go public, City A.M can exclusively reveal. Darktrace, the cyber security startup which boasts backing from top Silicon Valley venture capitalists, Wall Street investors and former Autonomy entrepreneur Mike Lynch, was valued at $450m after a major round [...]
Samsung confirms US authorities are looking at problems with its washing machines September 29, 2016 Samsung has revealed that it is in talks with US authorities over safety problems with its washing machines following reports in the media that some of them had exploded. The revelation comes as the US Consumer Product Safety Commission (CPSC) warned of problems to certain top-load machines built between March 2011 and April 2016. “In [...]
Samsung must now x-ray batteries for its Note 7 phone in South Korea September 22, 2016 South Korean technology giant Samsung has been told it needs to x-ray new batteries for its Note 7 phone to make sure they’re safe. The Korean Agency for Technology and Standards made the order as Samsung prepares to resume sales of the smartphone. Samsung, the world’s biggest smartphone maker, announced a global recall of at least [...]
Samsung Galaxy Note 7: US authorities launch formal recall of fire-catching and exploding smartphones September 16, 2016 US safety authorities have launched a formal recall of Samsung Galaxy Note 7 phones after reports that faulty batteries led to fires and explosions in the devices. The Consumer Product Safety Commission said it was recalling the phones "because this product presents such a serious fire hazard" and urged consumers to take advantage of the [...]
Before the bell: What you need to know before the US market open September 14, 2016 US seeds company Monsanto has accepted a takeover offer from German chemicals company Bayer, marking the biggest deal of 2016. Meanwhile, stocks are floating on a sea of green. Here's what you need to know before the US market open at 2:30pm London time. US stocks are pointing higher in the pre-market. The S&P is up by 0.2 per [...]
Will the iPhone 7 be a hit for Apple or not? September 12, 2016 The iPhone 7 and iPhone 7 Plus have landed. With pre-orders opened and models racing into stores on 16 September, no doubt we’ll once again witness images of snaking queues of eager Apple devotees keen to part with their money. Apple made all the hyperbolic comparisons and numerical naming changes to suggest that this was a year of [...]
Who knew printers were still a billion dollar business? HP and Samsung, that’s who September 12, 2016 Apparently, we haven't gone fully down the digital rabbit hole yet and still need to print things out on dead trees. It's a business worth at least $1.05bn (£792m), in fact, as HP snapped up Samsung's printer business for just that amount in a major deal on Monday morning. Samsung will spin off the business as part of its efforts to [...]
Samsung shares are not on fire after flaming recall September 12, 2016 Shares in Samsung have unsurprisingly stumbled after the smartphone maker was forced to recall its recently launched flagship Galaxy Note 7 due to a fiery battery situation. The South Korean tech giant was forced to pull the device from the shelves after reports of it exploding and on Friday said it had identified 35 such incidents. Read more: Samsung Galaxy [...]
Samsung Galaxy Note 7: US urges consumers to stop using devices after dozens of batteries exploded September 10, 2016 The US' consumer safety authority has urged all Samsung Galaxy Note 7 owners to stop using their phones, ahead of issuing an official recall, piling more pressure on the South Korean electronics giant. The Consumer Product Safety Commission released advice yesterday for users to switch their phones off until they can be replaced. Samsung, the [...]