Goldman Sachs to launch new products and services on Amazon's cloud

NEW YORK (Reuters) – Goldman Sachs Group Inc will be launching new technology-based products and services for its institutional clients on Amazon’s cloud next year, bank Chief Executive David Solomon said at a conference on Tuesday. Solomon said new products on Marquee, the bank’s Web services platform, will run on Amazon Web Services. In recent years the legendary Wall Street […]

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Huawei plans to shift research center to Canada from U.S.: Globe and Mail

(Reuters) – Huawei Technologies Co Ltd plans to shift its research center to Canada from the United States, Ren Zhengfei, the founder of the Chinese telecoms equipment maker, said in an interview with Canada’s Globe and Mail. Ren’s remarks came as Reuters reported on Friday that the United States is weighing expanding its power to stop more foreign shipments of […]

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Huawei launches foldable phone in China at prices starting from $2,400

SHENZHEN, China/SHANGHAI (Reuters) – Huawei Technologies Co Ltd started taking orders on Wednesday in China for its eagerly awaited foldable smartphone, as it ramps up marketing at home to make up for weak overseas sales amid U.S. trade sanctions. The launch of the 5G Mate X smartphone has been delayed twice this year, as Huawei, the world’s No.2 smartphone maker, […]

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Facebook, Google, Amazon face another House inquiry: Bloomberg

(Reuters) – Facebook Inc, Amazon.com Inc and Alphabet Inc’s Google will face a congressional inquiry on how the big technology companies may be damaging the competitive landscape for small businesses, Bloomberg reported on Tuesday. House Small Business Committee Chairwoman Nydia Velazquez plans to invite the companies to face questions from the committee in late October or early November, Bloomberg said. […]

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Slack shares tumble after dismal forecast

(Reuters) – Shares of Slack Technologies Inc (WORK.N) tumbled 14%, wiping out nearly all their gains since the company’s listing in July, after the workplace messaging firm warned of slower revenue growth amid intensifying competition. The business-focused messaging and communications platform, which went public through a direct listing, managed to post a smaller-than-expected loss in its first report as a […]

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Slack shares tank after dismal forecast

(Reuters) – Shares of workplace messaging company Slack Technologies Inc (WORK.N) were set for their worst day since the company made its stock market listing in June, after it flagged slower revenue growth amid intensifying competition. The business-focused messaging and communications platform, which went public through a direct listing, managed to post a smaller-than-expected loss in its first report as […]

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Tesla's Musk, Alibaba's Ma to talk at Shanghai tech event this week

SHANGHAI (Reuters) – Tesla Inc (TSLA.O) CEO Elon Musk and Alibaba Group Holding Ltd (BABA.N) chairman Jack Ma will speak at a conference on artificial intelligence (AI) to be held this week in Shanghai, an Alibaba spokeswoman said on Monday. The two entrepreneurs will have a conversation in front of an audience on Aug 29 at the World Artificial Intelligence […]

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