Earlier this year in February, Dubai, a city which has grown its name in pursuing all the futuristic things, had announced plans to build a flying taxi service in association with a German startup Volcopter. Updating their plans in June, Dubai announced that the flying taxi service will be launched later this year only. And…
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Only a month after music streaming application, SoundCloud announced that it will lay-off more than 40% of its workers, the firm has now appointed a new CEO and COO after getting an infusion of $170 million cash. The then-CEO and co-founder Alex Ljung revealed that it layed-off its employees to continue SoundCloud’s path to independent…
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Shocked by accusations that it allowed fake stories on its platform during the 2016 elections, social media giant, Facebook has began its conquest to create a feature to filter out fake news and regain the trust of its users. The tool will efficiently offer different perspectives for the same news, which will enable the users…
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According to reports, Amazon founder, Jeff Bezos is on the verge of passing a major milestone for the firm. Amazon’s Prime program — which has gloated noteworthy development as of late — ought to at long last be in more than 50 percent of American homes before the year is finished, Cowen and Co. has…
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Japanese carmaker, Mazda has decided to use diesel engine technology to protect the gasoline engine, with carmakers (including Mazda) finding a better alternative which would meet emission standards around the world. With many carmakers switching to electric cars, this move might come as a backward step by Mazda for many. However, the Hiroshima-based firm might…
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German automobile giant, BMW have recorded more profits than they initially expected, after its wide sales in Europe and Asia helped overcome a decline in sales in the United States. The firm revealed that its operating margins rose to 9.7% in the 2nd quarter, from last year’s 9.5% rise, which was in their target of…
According to sources in Korea, the government has taken the first step to introduce a ‘robot tax’ to slow down the automation in different sectors of industries. Unemployment has been an issue ever since robots had been considered fit for work in different industries, which is why the Korean government are looking to impose a…
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Recent reports have revealed that researchers at MIT have founded an algorithm that can interpret the language of posts on social media and determine if they are sarcastic or not. This breakthrough will also help people to get protected from online abuse, as the robot can understand sarcasm better than human beings. The tool translates…
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Tech giant, Apple, is considered the biggest company on Earth with their market value, and their key to success has been their sales of brand-new high-valued smartphones on consistent basis monthly. At its highest peak, Apple sold 231.5 million iPhones back in 2015. Even though sales have begun to slow down, iPhone still generates more…
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The market for tablets has continued to fall, with a 3.4% drop in sales from last year at this point. The tablet market has been in a continuous downfall over the years, but it can be noted that some familiar known companies are still ruling in the abandoned market. Apple and Huawei are the two…
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