ISLAMABAD: Prime Minister Shehbaz Sharif on Friday said that as Pakistan offered huge opportunities of investment in technology sector, foreign tech companies would be facilitated in all respects with regards to investment and expansion. The current government intends to increase the IT exports of Pakistan from USD 1.5 billion to USD 15 billion in the […]
IT
Zoom to settle US privacy lawsuit for $85 mn
Zoom, the videoconferencing firm, has agreed to settle a class-action US privacy lawsuit for $85 million, it said Sunday. The suit charged that Zoom’s sharing of users’ personal data with Facebook, Google and LinkedIn was a breach of privacy for millions. While Zoom denied wrongdoing, it did agree to improve its security practices. The settlement […]
YouTube suspends Sky News Australia channel
YouTube said Sunday it had barred Sky News Australia from uploading new content for one week, citing concerns about Covid-19 misinformation. The move comes after a review of posts uploaded by the Rupert Murdoch-owned TV channel, which has a substantial online presence. “We have clear and established Covid-19 medical misinformation policies… to prevent the spread […]
Apple quarterly profit nearly doubles to $21.7 bn
Apple said Tuesday its profit in the just-ended quarter nearly doubled to $21.7 billion on growth in iPhone sales and digital services. Revenue surged 36 percent from a year ago to $81.4 billion, the best ever for the tech titan’s fiscal third quarter. “This quarter, our teams built on a period of unmatched innovation by […]
Facebook assembles team to build ‘metaverse’
Facebook on Monday said it was combining specialists from across its hardware, gaming and virtual reality units to build an immersive digital world known as the “metaverse.” The “metaverse,” a term coined by sci-fi writer Neal Stephenson, refers to a shared online world in which multiple users can hang out, spend money, consume media and […]
Amazon eyes cryptocurrency but not poised for Bitcoin
Amazon on Monday denied a report that the e-commerce giant planned to begin accepting Bitcoin payments by the end of this year, but acknowledged an interest in cryptocurrency. City AM cited as unnamed insider as saying Amazon would start taking cryptocurrency, citing a recent job posting by the company for someone with digital currency and […]
After conquering Earth, Bezos eyes new frontier in space
Jeff Bezos sets his sights on a new frontier in space in the coming days after building a gargantuan business empire which has in many ways conquered the Earth. His journey into space aboard a reusable rocket built by his firm Blue Origin comes just two weeks after he stepped aside as chief executive of […]
Pentagon scraps $10 bn cloud contract amid Amazon-Microsoft rift
The Pentagon said Tuesday it scrapped a massive $10 billion cloud computing contract, sidestepping a bitter dispute between Amazon and Microsoft over allegations of political bias that swayed the bidding. A Defense Department statement said the Joint Enterprise Defense Infrastructure (JEDI) contract was canceled because it no longer meets current needs and that it would […]
Bezos leaves enduring legacy as he steps away as Amazon CEO
As he prepares to blast off into a new career stage, Jeff Bezos leaves an enduring legacy after transforming Amazon from a modest online bookseller into one of the world’s most powerful corporations. Bezos, 57, was set to hand over the job of Amazon chief executive on Monday to Andy Jassy and turn his attention […]
Cyberattack hits hundreds of US businesses
A US IT company urged customers to shut down their servers Friday after cyberattackers smuggled ransomware onto its network platform. Kaseya said Friday evening that it had limited the attack to “a very small percentage of our customers” who use its signature VSA software, “currently estimated at fewer than 40 worldwide.” Cybersecurity firm Huntress Labs […]