Technology

Bloomberg Verizon Corp., AT&T Inc. and the rest of the US wireless industry have a big boast for this year’s crop of smartphones: thanks to network upgrades, devices will be able to download as much as a gigabit of data in a single second — speeds 100 times faster than before. But that won’t be the case for Apple Inc.’s ...

Bloomberg Apple Inc. is already in your pocket, on your desk and underneath your television. Soon, a device embossed with “Designed by Apple in California” may be on your nightstand or kitchen counter as well. The iPhone-maker has started manufacturing a long-in-the-works Siri-controlled smart speaker, according to people familiar with the matter. Apple could debut the speaker as soon as ...

Bloomberg BlackBerry Ltd. shares reached their highest price in more than two years after short-seller Citron Research said the company was a likely target for a buyout at a high premium. The stock gained 7.9 percent to $11.40 at 1:20 p.m. in New York, after earlier hitting $11.74, the highest intraday price since January 2015. Citron recommends investors buy shares, ...

Bloomberg SoftBank Group Corp. is in discussions with potential investors in Canada and the Middle East to raise $7 billion of additional capital for its technology fund, according to people familiar with the matter. The Japanese company is in talks with Canadian pension funds, sovereign wealth funds in Kuwait and Qatar and technology companies, the people said, asking not to ...

Bloomberg Cloudflare Inc. hired Symantec Corp.’s former chief financial officer to fill the same role at the network security company as it prepares for an initial public offering. Thomas Seifert will join San Francisco-based Cloudflare, according to the company. After considering about 30 candidates over a two-and-a-half year search process, Seifert was the first person Cloudflare made a formal offer ...

Bloomberg Apple Inc. got an early start in artificial intelligence software with the 2011 introduction of Siri, a tool that lets users operate their smartphones with voice commands. Now the electronics giant is bringing artificial intelligence to chips. Apple is working on a processor devoted specifically to AI-related tasks, according to a person familiar with the matter. The chip, known ...

Dubai / Emirates Business After having recently showcased its flagship LG SIGNATURE OLED TV W at LG InnoFest – the company’s annual marketing conference, LG Electronics (LG) has announced the ultra-premium TV’s rollout in the UAE. LG’s highly anticipated and most innovative Picture-on-Wall design TV enjoys an unrivalled razor-thin profile with less than 3mm of thickness when mounted on the ...

Bloomberg Guess who’s jumping on the bitcoin bandwagon? John McAfee, the pioneering and controversial anti-virus software developer, who took over as the chief executive officer of MGT Capital Investments Inc. last year and turned the video-game company into a cybersecurity firm. He expects the money-losing company to be profitable as it ramps up its bitcoin mining business, with the goal ...

Bloomberg Android already powers most smartphones on earth. Now Google is placing its mobile operating system right inside cars, a bid to cement its core service in the auto industry as more technology sweeps in. Alphabet Inc.’s Google is showed off its next step in automotive software: an Android version of touchscreen car consoles and infotainment systems. It will host ...

Bloomberg Microsoft Corp. unveiled a new version of its Surface Pro tablet and laptop combination device with more powerful chips and better battery life, updating an aging product with declining sales that hurt financial results last quarter. The Redmond, Washington-based company introduced the fifth version of the Surface Pro at an event in Shanghai, the first time it’s held the ...