Madbits, a year-old company that uses deep learning technology to assign relevant information to raw images, has sold itself to Twitter, according to the Madbits website.
Amazon.com is investing US$2 billion more in India, which is witnessing an online retail boom.
Twitter more than doubled its sales in the second quarter, the company reported Tuesday, showing a strong advertising business.
Uber and Airbnb, which have already proved popular with travelers and urbanites with smartphones, have unveiled new features and links to other services designed to attract more business users.
Ericsson plans to acquire MetraTech, a vendor of billing systems based on metadata, as service providers eye new services using the Internet of Things.
Oracle has granted CEO Larry Ellison 3 million stock options, a significant reduction from the 7 million options he received in previous years, according to a regulatory filing.
Rimini Street is continuing to rapidly grow revenue for its third-party software support business despite its ongoing litigation with Oracle.
The U.S. Securities and Exchange Commission has dropped its investigation into disclosures about Facebook advertising sales before the company went public in 2012.
Chinese search giant, Baidu, reported a 34 per,cent jump in profit for the second quarter, with mobile ad sales accounting for almost a third of revenue for the first time.
Hewlett-Packard is betting $50 million that its customers will find value in the Hadoop data processing platform, by investing in Hadoop distributor Hortonworks.
Twitter disclosed the gender and ethnicity breakdown of its employees on Wednesday, less than a week after U.S. civil rights leader Rev. Jesse Jackson called on the company to release its employee diversity information.
A majority of AT&T's new smartphone customers are now choosing a plan where they pay for their phones over time, helping to drive strong second-quarter financial results, the carrier said.
Facebook's quarterly sales rose 61 per cent on the strength of mobile advertising, the company said Wednesday.
Apple faces in a state court in California a class action suit that its employees were not provided timely meal breaks, rest breaks and final paychecks, according to the lawyer for the employees.
Microsoft paid more than $US7 billion for Nokia's handset and services business, and the jury is still out as to what it means for its future. In the past quarter it boosted Microsoft's revenue but also ate into its profit.
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