Business

Parrot plans to slash its drone division workforce

Parrot plans to slash its drone division workforce

Parrot plans to restructure its drone division in such a way that will see approximately 290 jobs cut and about 150 positions ‘being made redundant.’ The workforce cuts will affect both international and France-based employees, and will take place as part of a ‘cost reduction phase.’ The company detailed its plan and reasoning behind it in its recently published preliminary financial report.

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Yahoo will change name to Altaba following Verizon sale [update]

Yahoo will change name to Altaba following Verizon sale [update]

A new legal filing reveals that Yahoo will change its name to Altaba following the Verizon sale. The information comes from a recent document filed with the Securities and Exchange Commission, which also reveals that company CEO Marissa Mayer will be stepping down from the company Board after the core business’s sale.

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Streaming was the largest form of US music consumption in 2016

Streaming was the largest form of US music consumption in 2016

It was only a couple of years ago when we writing about how streaming had a long way to go to catch up with digital purchases and downloads of music. Well, 2016 was the year that streaming not only caught up, but dominated the way music was consumed in the US. Stats released by Nielsen have shown that for the first time ever, streaming topped the digital sales of songs and albums.

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Apple will open its first South Korean retail store

Apple will open its first South Korean retail store

Apple is striking back at Samsung by officially entering its homeland. The iPhone maker has confirmed that it will be opening its first retail store in South Korea, with the location even said to be near Samsung's headquarters in the city of Seoul. "We’re excited about opening our first Apple Store in Korea, one of the world’s economic centers and a leader in telecommunication and technology, with a vibrant K-culture," the company said in a statement.

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Mercedes-Benz and NVIDIA strike partnership to make an AI-powered car

Mercedes-Benz and NVIDIA strike partnership to make an AI-powered car

Mercedes-Benz and NVIDIA have announced a new partnership that will result in the two companies working together to launch an artificial intelligence-powered vehicle. The duo revealed the partnership at CES 2017, though NVIDIA’s CEO Jen-Hsun Huang said the collaboration between the two started three years ago. “At this point it is very clear that AI is going to be the future of computing,” Jen-Hsun explained. “This is an endeavor that we started three years ago that we will put on the road next year – unbelievable.”

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DJI tipped in majority stake acquisition of Hasselblad

DJI tipped in majority stake acquisition of Hasselblad

DJI has acquired a majority stake in the Swedish camera company Hasselblad, according to sources. Both companies will reportedly develop high-end drone cameras in collaboration with each other, merging the best of DJI’s drone technology and Hasselblad’s camera technology. At this point it isn't clear what plans DJI has for Hasselblad, aside from working with it to develop some drone cameras.

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Tesla’s Gigafactory fires up battery cell production line

Tesla’s Gigafactory fires up battery cell production line

Hot on the heels of the reveal of Faraday Future's FF 91, Tesla has its own news to share. Tesla may not be revealing a new car today, but what it is doing could potentially be just as big: the company announced today that is has flipped the switch at its Gigafactory in Reno, Nevada. It's here that Tesla will be producing lithium-ion battery cells for use in its electric vehicles and energy storage devices.

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Intel is acquiring an ownership stake in navigation company HERE

Intel is acquiring an ownership stake in navigation company HERE

Intel has announced plans to acquire a 15-percent ownership stake in HERE, the navigation company. HERE provides a navigation app not unlike Google Maps, and its data is used for relevant technology, including IoT services and automotive applications. This transaction, says Intel, is expected to close in the first quarter of this year, after which point Intel’s nominee will be added to the company’s Supervisory Board of Directors.

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Topps, maker of sports cards, discloses data breach

Topps, maker of sports cards, discloses data breach

The company behind many sports and other trading cards, Topps, has disclosed a data breach. According to a notice sent to Topps customers, the company became aware of the breach in mid-October 2016, something that triggered an investigation revealing that ‘one or more intruders’ possibly stole some customer data. That data could include credit and debit card numbers, names, email addresses, and more.

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iPhone manufacturer Foxconn reveals plans to fully automate factories

iPhone manufacturer Foxconn reveals plans to fully automate factories

Taiwan's Foxconn, the electronics manufacturing giant that builds Apple's iPhone along with dozens of other devices, has recently revealed its plans to eventually replace all the human workers in its Chinese factories with automated robots. This goal is to be accomplished over three phases, with 40,000 robots already in place on production lines, and a reduction of over half the company's workforce since the release of the iPhone 6 in 2014.

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Superbook, a $3m Kickstarter product, delayed until June 2017

Superbook, a $3m Kickstarter product, delayed until June 2017

The laptop dock that promises to turn your Android smartphone into a fully functional laptop, Superbook, has been delayed until June 2017, the team behind it has announced. Superbook made its debut on Kickstarter where it raised nearly three million dollars in funding from more than 16,700 backers. That large number, the company says, is part of the reason for the delay.

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Confused Sprint, after killing 2,500 jobs, now says it’ll restaff call centers by 2018 [Update]

Confused Sprint, after killing 2,500 jobs, now says it’ll restaff call centers by 2018 [Update]

Sprint has announced plans to "create or bring back" 5,000 jobs in the US, despite cutting a considerable number of jobs earlier this year. The news sees the carrier, which reported net losses of $142m in its most recent financial release, commit to adding to its American workforce by the end of its 2017 financial year. According to Sprint, the new roles "will support a variety of functions across the organization".

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