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Intel has bought Habana Labs, an Israeli start-up that develops chips for artificial intelligence applications, for about $2-billion to bolster its efforts in the fast-growing market for AI silicon.
Google announced plans to buy enterprise software firm CloudSimple, another sign the search giant isn’t letting a flurry of antitrust investigations interrupt its expansion strategy.
Amazon.com has given notice that it will file a lawsuit challenging the US defence department’s decision to award Microsoft a cloud computing contract valued at as much as $10-billion over a decade.
Investors are getting constant reminders that it’s not cheap for technology giants to stay on top. Click here to discuss this article.
Google parent Alphabet is in talks for a potential acquisition of smartwatch maker Fitbit, a move that could bolster its hardware business while also increasing antitrust scrutiny. Click here to discuss this article.
Apple has announced a new version of its AirPods earphones, which will include noise-cancelling technology for the first time. Click here to discuss this article.
Chinese investors snapped up every blockchain-related stock in sight after President Xi Jinping said Beijing wants to speed up development of the technology. Click here to discuss this article.
A senior Chinese foreign-exchange regulatory official called for “special attention” to be paid to blockchain as the nation looks to gain advantages from digital finance. Click here to discuss this article.
Twitter co-founder Biz Stone has spoken about his decision to invest in artificial intelligence as part of a project which aims to create “a new type of media”. Click here to discuss this article.
Facebook has started testing its news tab with selected users as the social network seeks to push people towards quality journalism. Click here to discuss this article.
A flurry of large trades in Naspers affiliate Tencent shows Asia’s biggest stock will struggle to avoid its worst week in months. Click here to discuss this article.