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AP News | Equities.com |

Google is paying $450 million for a nearly 7% stake in longtime home and business security provider ADT Inc., a deal that will open new opportunities for one of the internet’s most powerful companies to extend the reach of its Nest cameras and voice-activated voice assistant.

As part of the partnership announced Monday, ADT will use Nest’s internet-connected cameras, as well as another device called the Nest Home Hub that comes with an internet-connected camera, as part of its customers’ security systems.


Reuters | Equities.com |

Chinese artificial intelligence company Shanghai Zhizhen Intelligent Network Technology Co., Ltd., also known as Xiao-i, has filed a lawsuit against Apple Inc, alleging it has infringed on its patents.

The company is calling for 10 billion yuan ($1.43 billion)in damages and demands that Apple cease “manufacturing, using, promising to sell, selling, and importing” products that infringe on the patent, it said in a social media post.

Xiao-i argue...


Reuters | Equities.com |

U.S. astronauts Bob Behnken and Doug Hurley, who flew to the International Space Station in SpaceX’s new Crew Dragon, splashed down in the capsule in the Gulf of Mexico on Sunday after a two-month voyage that was NASA’s first crewed mission from home soil in nine years.

Behnken and Hurley undocked from the station on Saturday and returned home to land in calm waters off Florida’s Pensacola coast on schedule at 2:48 p.m. ET following a 21-hour overnight journey aboard Crew Dragon “Endeavor.”


Reuters | Equities.com |

(Reuters) - Google parent Alphabet Inc’s quarterly sales fell for the first time in its 16 years as a public company, but the decline was less than expected as many advertisers stuck with the most popular online search engine during the pandemic.

Shares of Alphabet rose 1.2% to $1,557.81 after it released second-quarter results. The stock had rebounded early Thursday to this year’s pre-pandemic high of about $1,525.

With its mostly free tools for web browsing, video watchi...


Equities Staff | Equities.com |

A $4.5 billion deal between Google and India’s Reliance Industries for a new smartphone is shaking-up the world’s second-largest mobile market, industry executives and analysts say.

Mukesh Ambani, Chairman and Managing Director of Reliance, said Google would build an Android operating system to power a low-cost “4G or even 5G” smartphone that Reliance would design.

Reliance, India’s largest publicly traded company, has not provided details about the price, specifications...


Jeff Kagan | Equities.com |

This will be the most important growth decade the wireless industry has ever seen. Things continue to rapidly ramp up in the transformation to 5G. However, something very interesting is happening. As Huawei seems to be increasingly struggling in a growing number of countries worldwide, Qualcomm, Ericsson and Nokia seem to be ramping up.

This is a very big deal. Qualcomm and Huawei have become the two most powerful world-wide leaders in wireless network technology. Ericsso...


Reuters | Equities.com |

Nvidia has overtaken Intel for the first time as the most valuable U.S. chipmaker.

In a semiconductor industry milestone, Nvidia’s shares rose 2.3% in afternoon trading on Wednesday to a record $404, putting the graphic component maker’s market capitalization at $248 billion, just above the $246 billion value of Intel, once the world’s leading chipmaker.

Nvidia’s stock has been among Wall Street’s strongest performers in re...


AP News | Equities.com |

The Silicon Valley data-mining firm Palantir Technologies confidentially filed to go public, setting up what could be the biggest stock offering from a technology company since Uber’s debut last year.

Founded in 2004 by investors including Peter Thiel, the company works with governments, law enforcement agencies and the defense establishment to organize and analyze huge volumes of data. The technology can be used to disrupt terrorist networks or battle human trafficking. Most recent...


Reuters | Equities.com |

NEW YORK (Reuters) - “This is white supremacy. This is institutionalized racism,” Aaisha Joseph, an executive assistant in New York City, posted on Microsoft Corp’s LinkedIn in early June, calling out the Black leadership vacuum at tech giants.In another post on LinkedIn, Ian Davis, a Black advertising executive, called out his former bosses at a global advertising agency, for telling him he had an “attitude problem” after speaking out.Uncomfortable remarks ...


Reuters | Equities.com |

(Reuters) - Billionaire Richard Branson’s Virgin Galactic Holdings Inc said on Monday it has signed up with NASA to develop a program to promote private missions to the International Space Station, sending the shares of the company up more than 14%. As part of its agreement with the Johnson Space Center, the space tourism company will identify entities keen to buy private missions and develop training packages, as well as aid in transportation, on-orbit and ground resources. NASA is leaning ...