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Walmart experiments with AI to monitor stores in real time
LEVITTOWN, N.Y. (AP) — Who's minding the store? In the not-too-distant future it could be cameras and sensors that can tell almost instantly when bruised bananas need to be swapped for fresh ones and more cash registers need to open before lines get too long. Walmart, which faces fierce competition from...
Comcast sheds cable customers but adds internet subscribers
PHILADELPHIA (AP) — Comcast kept shedding cable customers and adding home internet customers in its most recent quarter. Traditional TV providers are losing customers at an increasing rate while streaming companies pop up seemingly every few weeks . To deal with that industry shift online from cable,...
The Latest: Tesla posts Q1 net loss of $700M
SAN FRANCISCO (AP) — The Latest on Tesla's first quarter earnings (all times local): 2:15 p.m. Tesla posted a $702.1 million net loss in the first quarter as sales of its electric cars slumped and demand appeared to be waning. The company lost $4.10 per share from January through March, when deliveries...
Microsoft's cloud growth pleases Wall Street
REDMOND, Wash. (AP) — Microsoft's ongoing push to get automakers, retailers and other businesses onto its cloud computing platform helped power the company's third-quarter earnings ahead of Wall Street expectations Wednesday. The software maker posted fiscal third-quarter earnings of $8.8 billion, up 19%...
Facebook is taking a $3 billion charge as a contingency against a possible fine by the Federal Trade Commission
SAN FRANCISCO (AP) — Facebook is taking a $3 billion charge as a contingency against a possible fine by the Federal Trade Commission.Latest Technology News
Big gains for Facebook, Microsoft keep stocks near records
NEW YORK (AP) — U.S. stock indexes held close to their record highs Thursday as blowout results from Facebook and Microsoft offset a sharp slump for industrial companies following earnings reports that fell short of Wall Street's expectations. Communications and technology sectors helped lead the market...
Irish regulator investigates Facebook over exposed passwords
LONDON (AP) — Ireland's privacy regulator says it's investigating Facebook over the social media giant's recent revelation that it had left hundreds of millions of user passwords exposed. The Irish Data Protection Commission said Thursday that it opened a statutory inquiry this week into Facebook after the...
Comcast sheds cable customers but adds internet subscribers
PHILADELPHIA (AP) — Comcast kept shedding cable customers and adding home internet customers in its most recent quarter. Traditional TV providers are losing customers at an increasing rate while streaming companies pop up seemingly every few weeks . To deal with that industry shift online from cable,...
Nokia sees tough competition in market for 5G networks
HELSINKI (AP) — Telecoms gear maker Nokia reported Thursday a surprise first-quarter loss amid tougher competition for the new, superfast wireless 5G networks that are expected to increase in business this year. The company, based in Espoo, Finland, said its net loss for the January-March period was 116...
UK government says it hasn't decided yet on Huawei 5G role
LONDON (AP) — The British government has not yet decided whether to allow China's Huawei to supply parts for the U.K.'s new 5G wireless network, Digital Secretary Jeremy Wright said Thursday, as he condemned leaks from private government discussions on the sensitive issue. Wright said government officials...
Walmart experiments with AI to monitor stores in real time
LEVITTOWN, N.Y. (AP) — Who's minding the store? In the not-too-distant future it could be cameras and sensors that can tell almost instantly when bruised bananas need to be swapped for fresh ones and more cash registers need to open before lines get too long. Walmart, which faces fierce competition from...
Nintendo profit jumps 39% on Switch software sales
TOKYO (AP) — Japanese video game maker Nintendo Co. reported Thursday a 39% rise in profit for the fiscal year through March on healthy software sales for its popular Switch console. The Kyoto-based company behind the Super Mario and Pokemon franchises recorded a 194 billion yen ($1.7 billion) annual...
AP EXCLUSIVE: At Walmart, using AI to watch the store
LEVITTOWN, N.Y. (AP) — Inside one of Walmart's busiest Neighborhood Market grocery stores, high resolution cameras suspended from the ceiling point to a table of bananas. They can tell how ripe the bananas are from their color. When a banana starts to bruise, the cameras send an alert to a worker....
Possible $5B Facebook fine echoes European tech penalties
SAN FRANCISCO (AP) — The possibility of a $5 billion federal privacy fine for Facebook suggests that U.S. regulators may be taking a cue from the large penalties their European counterparts have been handing out to U.S. technology giants. While investors appear to have shrugged it off for now, the...
Daimler to convert Oregon factory to build electric trucks
PORTLAND, Ore. (AP) — A major auto manufacturer says it will build electric trucks at an Oregon factory. The Oregonian/OregonLive reports that Daimler Trucks North America announced Wednesday it will make electric Freightliner trucks in Portland with local production scheduled to begin in 2021. The company...
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