Apple filed an appeal on Monday to overturn a court-ordered ban on the import and sale of some iPhones in China. Chipmaker Qualcomm requested an injunction against Apple ($AAPL), alleging patent violations on a particular feature that allows users to adjust the size and appearance of photos, and another that manages applications with a touchscreen.
The holiday season is here again ー and as consumers buy and spend, more personal information is being exposed online. The number and severity of cyberattacks are on the rise, and both consumers and businesses need protection. Shane Wall, chief technology officer at HP and global head of HP Labs sat down with Cheddar on Monday to discuss the state of cybersecurity heading into the new year.
As Cheddar reflects on 2018, we are profiling the most innovative, flamboyant, and often-controversial entrepreneurs and corporate leaders who delivered the year's most memorable moments in business. Cheddar's Class Clown Award Goes to Elon Musk.
A.I. robot Sophia is getting a software upgrade, one that will inch her ー and perhaps A.I. ー even closer to humanity. According to her creator, not only will Sophia earn her citizenship, she will reach a level of advancement equal to human beings in roughly five to 10 years.
After a year of reckoning for big technology, Microsoft President Brad Smith is urging his peers to learn from their mistakes and improve their privacy protections ー and for governments to impose regulations that make sure they follow through. "Change is not easy; it's, in fact, painful. But it can be done. And when it is done, everybody is better in my view," he said.
Cigarette giant Altria said it would spend $1.8 billion for a 45 percent stake in Cronos, the Canadian cannabis producer, signaling a massive bet that the legalization of marijuana will spread as cigarette smoking declines. The announcement follows reports that Altria is also talking to Juul about a stake in the wildly-popular vape brand, which would be another hedge against Altria's core tobacco business, which includes brands like Marlboro and Skoal.
PayPal employees are giving its peers a course in crypto token economics. The company has launched an internal blockchain-based incentive platform for employees, Cheddar has learned. The initiative was built over a period of six months by about 25 people in PayPal's San Jose-based innovation lab and launched in mid-November, according to Michael Todasco, the director of innovation.
New York is now the first city in the country to set a minimum pay rate for drivers working for ride-hailing apps like Uber and Lyft, following a vote on Tuesday by the NYC Taxi and Limousine Commission. Under the new policy, those drivers will make $17.22 per hour. But Aziz Bah, steward of the Independent Drivers Guild, told Cheddar Wednesday it's only the beginning.
Lyft filed for its initial public offering in a confidential registration statement with the Securities and Exchange Commission, it announced in a press release Thursday morning.
The markets rebounded from session lows after news broke the Federal Reserve is considering a new approach to interest rates that could translate to fewer rate hikes in the coming year. The Wall Street Journal reported on Thursday the Fed is considering a "wait-and-see" mentality for monetary policy, after the anticipated December hike that is by and large already priced into the markets.
