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Intel announces Facebook partnership for upcoming AI-based processor

Intel announced at CES on Monday that the company is working on a new kind of AI chip with Facebook. The chip, which is designed specifically to improve inference in AI, is set for release in the second half of 2019. Representatives stated that the AI chip’s goal is to improve what is known in […]

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Finance Legal News

Apple settles Irish tax dispute via $15 billion lump sum payment

Getting ahead of an upcoming 2016 tax ruling, Apple has paid the equivalent of more than $15 billion to the Irish government to settle claims of underpayment of tax to the European Union. The company’s 13.1 billion euro outstanding balance of its disputed balance to the government of Ireland, according to the country’s finance mirror. […]

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App Store Apple Music Finance iCloud News

Apple to pay $30 billion tax bill on overseas cash, look into second campus site

Apple is about to pay a fairly huge tax bill of $38 billion on its overseas cash. The company said it will make about $38 billion in tax payments on its overseas cash and plans to open a second U.S. campus as part of a 5-year, $30 billion U.S. investment plan. Apple has also said […]

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Finance iOS News

Square Cash App for iOS adds Bitcoin support, company CFO vouches support for cryptocurrencies

Square Chief Financial Officer Sarah Friar wants to prove that cryptocurrency, especially Bitcoin, can be a genuine financial tool with the latest version of its Cash App for iOS now supporting the protocol. “We’re a payment innovator. And therefore I think it behooves us to always know, where are our payments going?” Friar told “Mad […]

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Finance Legal News Software

Apple comes up against roadblocks, regulatory concerns in bringing Apple Pay to Chinese marketplace

Apple may have a few roadblocks before it can get Apple Pay into the Chinese marketplace. As introduction efforts proceed, China’s central bank, UnionPay bank-card service and e-commerce giant Alibaba Group Holding Ltd. are standing up to Apple’s effort to bring the Apple Pay no-card-no-cash payment system to iPhone users in China. At the same […]