News 

Amazon’s secretive Cambridge Alexa start-up doubles revenue and headcount

“A secretive Cambridge technology start-up acquired by Amazon that helped pioneer the Amazon Echo smart speaker has doubled its headcount and revenues” writes Matthew Field for telegraph.co.uk. Evi Technologies, which is owned by Amazon and was responsible for a significant part of the development of its Alexa artificial intelligence technology, doubled its revenues in 2017 to £36m, up from around £18m in 2016.Alexa is Amazon’s voice assistant and a key part of its smart speaker technology. Source: telegraph.co.uk Share This:

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Startup supplier nervous about fuel economy freeze

“The EPA, which regulates greenhouse gas emissions, and NHTSA, which regulates safety and fuel economy, this month issued a proposal to freeze fuel economy standards at the 2020 level, rather than continue the graduated increases” writes Eric Kulisch for autonews.com. But growth could be jeopardized if the Trump administration gets its way in weakening Obama-era fuel economy standards.Absent aggressive fuel economy rules, Tula might have moved overseas, where governments are pushing automakers to develop clean cars.WASHINGTON — Tula Technology Inc. is a late-stage powertrain startup that is finally producing revenue,…

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Markets News 

China’s Geely in deal to let Malaysia’s Proton tap new-energy, other vehicle tech in global push

“Geely’s investment is intended to help Proton grow its sales overseas and recover some of the global presence it has lost in recent years” writes Midwest Communications Inc for 95kqds.com. By offering some of its own technology, Geely has hopes it can also lift Proton sales in right hand-drive markets including Britain, India and Australia. Source: 95kqds.com Share This:

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News Stocks 

Chinese internet stock sell-off may shake faith in FANGs

“The S&P 500 technology index is trading at 18.7 times earnings, compared to its high-point of 19.6 in late January” writes Midwest Communications Inc for 95kqds.com. Even after recovering from a steep sell-off in February, the S&P 500 is trading at a relatively inexpensive 16.5 times expected earnings, compared to 18.6 times earnings in January, according to Thomson Reuters data.Facing losses on China tech trades, global investment funds that own those stocks may be tempted to sell some of their U.S. tech stocks to lock in profits.Also unnerving tech investors:…

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Markets News Stocks 

Stock market sags as technology sector short circuits rally

“The technology-laden Nasdaq faced pressure as the tech sector retreated following a pair of weak results from chip makers late Thursday” writes Markets Writer for marketwatch.com. U.S. stock-index benchmarks early Friday struggled to extend the prior session’s powerful rally as a decline in technology and consumer-discretionary shares weighed on the broader market. Source: marketwatch.com Share This:

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Crypto News 

Use of Ripple as a Cross-Border Solution…

“Kuwait Finance House (KFH) is establishing the first blockchain-powered transaction system in the country” writes Devashish Bhuyan for livebitcoinnews.com. Kuwait Finance House (KFH) has released a video on YouTube that’s generating a lot of buzz about its latest cross-border transaction powered by Ripple blockchain technology. Source: livebitcoinnews.com Share This:

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News Oil 

Russian oil industry would weather U.S. ‘bill from hell’

“To be sure, Washington could really hurt the Russian oil industry if it introduced Iran-like measures forbidding oil purchases from the country” writes Midwest Communications Inc for 95kqds.com. The rest of the Russian oil industry invests a similar amount each year as well, mostly without Western funding.Hence the sanction noise often even has a positive impact on Russian oil stocks,” said Dmitry Marinchenko at Fitch Ratings.”The main driver of the Russian oil industry’s profitability is the oil price denominated in rubles and it is currently posting new records as the…

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News 

Tech firms say A.I. can transform health care as we know it. Doctors think they should slow down

“As an industry reliant on patient records and beset by outdated technology, health care is widely thought to be a prime target for an artificial intelligence revolution” writes Ryan Browne for cnbc.com. Take Babylon Health for instance, which in June said its AI chatbot was able to diagnose medical conditions as accurately as a doctor.Stokes-Lampard continued: “We consider the different health conditions a patient is living with, their family history, any medications they might be taking, and a myriad of other considerations when formulating a treatment plan.”. The development indicated…

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News Platforms 

Apple probed in Japan for pressuring Yahoo to quash its gaming platform

“Apple allegedly pressured Yahoo Japan to quash a game platform that offered competition to the App Store, prompting regulators in Japan to initiate an investigation, Nikkei Asian Review reported on 16 August” reports firstpost.com. But Apple allegedly found this strategy of Yahoo Japan a direct threat to its model of App Store which contributes a big amount to the tech giant’s revenue and pressurised Yahoo Japan to quash the platform. Japan’s Fair Trade Commission and the industry ministry began receiving reports from Yahoo last autumn about issues surrounding its Game…

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