Today, Yahoo CEO stepped down, Intel invested Rs 1100 crore in India, Microsoft brought Age of Empires & more Tech stories.
1. Verizon closes $4.5Bn Yahoo deal, CEO Marissa Mayer steps down
Verizon Communications said on Tuesday it closed its $4.48 billion acquisition of Yahoo’s core business and that Marissa Mayer, chief executive of the internet company, had resigned.
The completion of the acquisition marked the end of Yahoo as a stand-alone internet company, a tech pioneer once valued at more than $100 billion.
Elon Musk’s SpaceX joins the military
Not long ago, SpaceX founder Elon Musk cracked what he once labelled a monopoly for defence department space launches, successfully breaking into a business that was dominated by United Launch Alliance.
The defence department’s appetite for space access is voracious, given the myriad reconnaissance, defence and communications roles there, coupled with a future where conflicts are almost certain to involve space assets.
Intel announces Rs 1100 crore investment to advance its R&D & innovation in Bengaluru
Intel today announced that it will invest over Rs.1100 crore to expand its R&D presence and build a new state-of-the-art design house in India. The proposed facility will be located at Intel’s 44-acre campus on Sarjapur Ring Road (SRR) in Bengaluru, Karnataka
With approximately 620,000 sq. ft. of space including lab capacity, the new building with specialized infrastructure will be used for design and verification purposes. This additional capacity will help Intel India consoli ..
Wipro buys 26 per cent stake in IT consulting company Drivestream
Wipro increased its stake in IT consulting firm Drivestream to 26.1% after exercising an optionally-convertible note for about $809,000.
In 2015, Wipro invested $5 million in Drivestream in return for an undisclosed minority stake. Drivestream had issued Wipro an optionally convertible note in March 2016.
Microsoft brings back the original Age of Empires in glorious 4K
The first Age of Empires game came out back in 1997 and this year, the franchise turned 20. And Microsoft has taken note of the progress in time and reworked the game with a modernised interface and refinements in gameplay. There will also be multiplayer available via Xbox Live.
The game will also be available for Windows PCs later this year. One can sign up for the multiplayer beta today from the Age of Empires website.
Google brings former Apple Chip architect on board to fabricate custom SoC’s
Google has hired a chipset architect who has worked with Apple on their chips from the past eight years according to an exclusive report by Variety. Manu Gulati updated his LinkedIn profile with a new title, Lead SoC Architect at Google.
An alumnus of IIT-Delhi, Electrical Engineering Batch of 1992, Manu Gulati went on to pursue MS from University of California. Manu has over 28 years of experience in the semiconductor industry and has worked with AMD and Broadcom. He was a Micro-Architect at Apple for more than seven years from where he has filed for 15 patents as an inventor which were granted by the United States Patent and Trademark Office.
US Blames North Korea for Series of DDoS Attacks
The Department of Homeland Security and the Federal Bureau of Investigation issued a rare cybersecurity bulletin linking North Korea to a series of attacks that have targeted US businesses and critical infrastructure since 2009.
The alert focuses on a malware strain called DeltaCharlie, which DHS and FBI say was used by the North Korean government to launch distributed denial of service attacks. DDoS attacks use floods of web traffic from compromised devices to knock websites or services offline.