Latest Platform News
Read the latest platform economy news and important industry commentary from the editorial team at Platform Executive and our global content partners, including Thomson Reuters.
Some Huawei suppliers get U.S. approval to restart sales to blacklisted firm
Reuters – The Trump administration on Wednesday gave Huawei its second reprieve this week, allowing some suppliers to restart sales to the Chinese telecoms giant after it was...
U.S. regulator proposes splitting auto safety spectrum to boost Wi-Fi
Reuters – A little-used block of spectrum set aside for auto safety should be split to accommodate the rapidly growing number of wireless devices, the chairman of the U.S. te...
PayPal to buy rewards platform Honey Science for $4 billion
Reuters – Payment processor PayPal said on Wednesday it would buy privately held shopping and rewards platform Honey Science Corp for about $4 billion (£3.10 billion).
Amazon uses aggregated seller data to help business, it tells lawmakers
WASHINGTON (Reuters) – Amazon.com Inc uses “aggregated data” from sellers in its third-party marketplace to improve its overall business, the online retailer said...
Google, Facebook, Amazon and Apple offer defence in congressional antitrust probe
WASHINGTON/SAN FRANCISCO (Reuters) – Four top U.S. tech companies, Alphabet’s Google, Facebook, Amazon.com and Apple, responded to questions from a congressional commit...
Alibaba will raise up to $12.9 billion in Hong Kong listing – sources
(Reuters) – Alibaba will raise up to $12.9 billion in its Hong Kong secondary listing, two sources with direct knowledge of the matter said.
Qualcomm expects 5G phone sales to double in 2021
Reuters – Qualcomm Inc expects global smartphone makers to ship 450 million 5G handsets in 2021 and another 750 million in 2022, the world’s largest supplier of mobile ...
Google enters gaming with cloud-based streaming service Stadia
Reuters – Alphabet Inc’s Google on Tuesday launched Stadia, a cloud-based service that allows users to stream games including “Assassin’s Creed Odyssey̶...
Microsoft Teams surpasses 20 million daily active users; rival Slack shares slip
Reuters – Microsoft Corp said on Tuesday its workplace messaging app, Teams, has more than 20 million daily active users, up from 13 million users in July.
Huawei plays down impact of new U.S. license extension
WASHINGTON (Reuters) – Huawei Technologies has dismissed a new 90-day extension by the Trump administration allowing U.S. firms to continue doing business with the Chinese co...
Salesforce to use Amazon AI technology to improve call center services
Reuters – Business software provider Salesforce.com Inc said on Tuesday it would use artificial intelligence (AI) technology from Amazon.com Inc’s cloud computing unit ...
China’s Megvii seeks approval for Hong Kong IPO despite U.S. blacklist – sources
HONG KONG (Reuters) – Chinese artificial intelligence firm Megvii Technology Ltd plans to seek listing approval on Thursday for a Hong Kong IPO of at least $500 million, peop...
Canada agency says has enough info to evaluate Alphabet ‘smart city’ plan for Toronto
TORONTO (Reuters) – Details of the technological innovations planned for a futuristic development in Toronto recently provided by Sidewalk Labs are satisfactory to evaluate t...
Apple could raise annual ad income to $11 billion by 2025: JPMorgan
(Reuters) – The launch of Apple TV+, coupled with Apple Inc’s foray into digital services, could help the company increase its income from advertising by more than five...