Cisco adds AI tools, devices to WebEx chat offerings

Bloomberg Cisco Systems Inc., the biggest maker of the gear companies use to connect employees, said it’s expanding the use of artificial intelligence in its online collaboration and video-conference products to make meetings more useful and efficient. Menial tasks such as scheduling, taking notes and following up on requests will be taken care of by machines in the future, according ...

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Smart Solutions launches TA Triumph-Adler in UAE

DUBAI / Emirates Business Smart Solutions and IT Technology (SSIT), the region’s leading one-stop shop for office automation solutions and part of the Al Ahlia Group, is delighted to introduce an extensive range of TA Triumph-Adler products to the UAE market. TA Triumph-Alder’s tailor-made document and output management software solutions are designed to deliver the highest levels of quality, reliability, ...

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Facebook builds team to design its own chips

Bloomberg Facebook Inc. is building a team to design its own semiconductors, adding to a trend among technology companies to supply themselves and lower their dependence on chipmakers such as Intel Corp. and Qualcomm Inc., according to job listings and people familiar with the matter. The social media company is seeking to hire a manager to build an “end-to-end SoC/ASIC, ...

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Former Yahoo CEO Mayer creates tech startup incubator

Bloomberg Former Yahoo Chief Executive Officer Marissa Mayer is starting a technology business incubator, Lumi Labs, with longtime colleague Enrique Munoz Torres. The venture will focus on consumer media and artificial intelligence, according to the company’s website, which is set against a backdrop of snow-covered peaks. Lumi means snow in Finnish, Mayer told the New York Times, which reported the ...

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Facebook spends record $3.3mn on lobbying in Q1

Bloomberg Facebook Inc. set a lobbying record in the first three months, just as an uproar flared up the leak of data on millions of users’ without their permission. The company spent $3.3 million, according to disclosures filed with the government, up from the $3.21 million it spent in the same period a year earlier, which represented the company’s prior ...

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AT&T, Verizon face US probe over mobile tech

Bloomberg AT&T Inc. and Verizon Communications Inc. are under investigation by US antitrust officials over whether the companies colluded to make it tougher for consumers to switch wireless carriers, according to three people familiar with the matter. Apple Inc., a pioneer in the eSIM technology that makes switching easier, was joined by other equipment makers in complaining to the government ...

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GE jumps as investors laud CEO’s progress in exiting ‘abyss’

Bloomberg General Electric Co reported solid results, reaffirmed its profit forecast and avoided the kind of nasty surprises that marred earnings in recent quarters. Chief Executive Officer John Flannery expressed optimism that GE would exceed its $2 billion cost-cutting goal and said he’s exploring new ways to run the company. “I’m excited about the path we’re on,” Flannery said on ...

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Ericsson soars as cost cuts start to carry through

Bloomberg Ericsson AB shares soared the most in more than 9 years after the Swedish maker of wireless networks posted first-quarter earnings that were stronger than analysts had expected, proof that the company is making progress in a protracted effort to reverse its fortunes. Ericsson’s closely watched gross margin — the share of sales remaining after production costs — rose ...

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Billion-dollar Brazil utility fight heats up with new bids

Bloomberg The bidding war for Brazil’s prized Eletropaulo SA utility is heating up with two European power giants looking to best each other’s bids. Italy’s Enel SpA said it would increase a promised capital injection to 1.5 billion Brazilian reais ($443 million) to sweeten its 28 reais-a-share offer for the AES Corp. unit. The move came hours after the Brazilian ...

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Yes, the deficit addiction is a bipartisan norm in US

History is what we make of it — and sometimes we make a real hash. I take as my text for the sermon that follows an op-ed essay in The New York Times this week by Times’ columnist David Leonhardt. The headline tells it all: ‘Democrats, the Real Fiscal Conservatives.’ Are you kidding? It is certainly true, as Leonhardt argues, ...

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