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Facebook Bots Label US Declaration of Independence as Hate Speech

Facebook has apologised after its content-filtering algorithms flagged the US Declaration of Independence as a hate speech. Parts of the document was flagged as “hate speech” by Facebook bots after a Liberty, Texas-based newspaper, the Liberty County Vindicator, posted on Facebook “small bites” from the Declaration in the lead up to the country’s Independence Day on July 4. Facebook later restored ... Read More »

Mark Zuckerberg Becomes World’s Third Richest Person as Facebook Stock Soars

Facebook co-founder Mark Zuckerberg has overtaken Warren Buffett as the world’s third-richest person, further solidifying technology as the most robust creator of wealth. Zuckerberg, who trails only Amazon.com founder Jeff Bezos and Microsoft co-founder Bill Gates, eclipsed Buffett Friday as Facebook shares climbed 2.4 percent, according to the Bloomberg Billionaires Index. It’s the first time that the three wealthiest people on the ranking made their fortunes from technology. Zuckerberg, 34, is ... Read More »

Xiaomi Lowers Target as It Kicks Off IPO

Chinese smartphone maker Xiaomi kicked off its initial public offering Thursday but the firm is likely to pull in about $6.1 billion (roughly Rs. 41,600 crores), far less than originally expected, with investors having mixed views about its main business. Xiaomi had hoped to raise $10 billion (roughly Rs. 68,000 crores) with the Hong Kong IPO, making it the biggest since Alibaba’s $25 billion ... Read More »

Samsung Flags Mobile Weakness as Chips Power Record Q1 Profit

Samsung Electronics said weakness in the global smartphone market would slow earnings growth, as it reported record quarterly profit on Thursday thanks to strong demand for semiconductors used in servers. The world’s biggest maker of memory chips, smartphones and television sets also flagged softer demand for smartphone OLED panels as a challenge for the second quarter, while its cash-cow chip business should remain ... Read More »

Google-Oracle Java Infringement Case Gets New Life as Appeals Court Revives Claim

A US appeals court on Tuesday resurrected a multi-billion dollar copyright case brought by Oracle Corp against Alphabet’s Google. The US Court of Appeals for the Federal Circuit said Google’s use of Oracle’s Java development platform to create the Android operating system was not protected under the fair-use provision of copyright law, reversing a 2016 jury verdict. The court sent the case back to a US judge in ... Read More »

Redmi Note 5 Up for Grabs Today as Xiaomi Announces Surprise Flash Sale

Redmi Note 5 will become available for purchase in India second time this week as Xiaomi announced a surprise flash sale on Twitter. In its tweet early on Friday, Xiaomi said the new Redmi 5 is being made available “on public demand” via Flipkart and Mi.com websites at 12pm IST. The tweets also mentions that the cash on delivery option will only be ... Read More »

Post-Real Estate Regulation Act, channel partners emerge as vital cog

MUMBAI, MARCH 18 With the dynamics of the real estate sector changing in post-RERA and GST era, developers are increasingly becoming dependent on channel partners to push sales through innovative ideas. “Channel partners have started adding more value in marketing and sales. They are increasingly acting as advisors — sales professionals than brokers. They are taking more responsibility and are ... Read More »

Samsung Retains Top Spot as Global Smartphone Sales Drop 4.6 Percent in Q4: Gartner

While global smartphone sales to end users were down 4.6 percent in the fourth quarter of 2017, Samsungretained its top spot with 18.2 percent share, Gartner said on Thursday. The South Korean giant though saw a year-on-year unit decline of 3.6 percent in the fourth quarter of 2017, but this did not prevent it from defending its top global smartphone vendor ... Read More »

Samsung to Slash OLED Panel Production as iPhone X Demand Disappoints: Report

HIGHLIGHTS Samsung Display now plans to make panels for 20 million or fewer iPhones It’s significantly lower than its initial goal of 45-50 million panels Samsung Electronics stock fell as much as 2.3 percent in morning trade Samsung Electronics will slash output of its organic light-emitting diode (OLED) panels in response to its customer Apple’s decision to cut production of iPhone X amid weak demand, the ... Read More »

New car sales fall 10.4% in 2017 as used imports surge

Volkswagen remains the most popular new car brand with 13,829 registrations in 2017. Photograph: Krisztian Bocsi/Bloomberg via Getty Images New car sales were down 10.43 per cent in 2017, to 131,356, with weaker sterling driving a significant rise in used imports. While there was a fall in new car registrations, used imports rose 29.52 per cent to 93,454 last year. ... Read More »