Technology

Bloomberg Huawei Technologies Co.’s revenue shrank for a second straight quarter after US sanctions devastated the embattled Chinese tech giant’s smartphone business. Huawei reported a 17% decline in sales to $23 billion in first three months of this year, the company said in a statement. That follows a 11% decline in revenue for the three months ended December. Its profit ...

Bloomberg Apple Inc. unveiled an updated iPad Pro with a faster processor, 5G connectivity, upgraded screen and new cameras, offering a more powerful version of its priciest tablet aimed at workers and students returning to offices and schools. The new models come in the same 11-inch and 12.9-inch screen sizes as the previous version, and they look nearly identical to ...

Bloomberg TikTok faces a London lawsuit filed on behalf of millions of children in the UK and Europe over privacy concerns. The suit accuses the popular video app and its parent company ByteDance Ltd. of violating UK and European Union (EU) data protection laws. The suit seeks to stop TikTok from “illegally processing millions of childrens’ information” and demands any ...

Bloomberg Microsoft Corp. and video-game chat company Discord Inc. have ended takeover talks after Discord rejected a $12 billion bid, according to people familiar with the matter. Discord is now focused on a potential public listing in the long term, the people said, asking not to be identified because the deliberations are private. Twitter Inc also expressed interest in buying ...

Bloomberg The European Union (EU) is poised to ban artificial intelligence systems used for mass surveillance or for ranking social behaviour, while companies developing AI could face fines as high as 4% of global revenue if they fail to comply with new rules governing the software applications. The rules are part of legislation set to be proposed by the European ...

Bloomberg Taiwan Semiconductor Manufacturing Co., the world’s largest contract chipmaker, warned for the first time that trade tensions may disrupt its access to key production equipment and hit its operations, amid increasing friction between the US and China. The company, which produces semiconductors for Apple Inc. and other major global tech companies, said in its annual report that “ongoing trade ...

Bloomberg Apple Inc has been a laggard in the smart-home space, but a versatile new device in early development could change that. The company is working on a product that would combine an Apple TV set-top box with a HomePod speaker and include a camera for video conferencing via a connected TV and other smart-home functions. The device’s other capabilities ...

Bloomberg Microsoft Corp. is buying speech-recognition pioneer Nuance Communications Inc. in an all-cash deal valued at $19.6 billion, gaining artificial-intelligence technology aimed at helping doctors predict patients’ needs and upgrading hospitals’ digital record-keeping. The software giant is offering to purchase Nuance at $56 a share, ccording to a statement, which confirmed an earlier Bloomberg report. The deal marks Microsoft’s largest ...

Bloomberg Apple Inc. is refusing to participate in an upcoming Senate hearing about anti-competitive practices at online app stores, according to a letter addressed to CEO Tim Cook from Democrat Amy Klobuchar and Mike Lee, a Republican. The letter says the Cupertino, California-based company declined to send a witness for an upcoming hearing of the Senate Judiciary Committee’s antitrust panel ...

Bloomberg Samsung Electronics Co.’s profit for the first quarter rises 44% from the prior year as the early release of a new flagship smartphone and strong gadget sales softened the blow from a Texas power failure that took one of its factories offline. South Korea’s biggest company posted operating income of 9.3 trillion won ($8.3 billion) for the three months ...