Google and Facebook took particularly sharp jabs for alleged abuse of their market power from Democrats and Republicans on Wednesday in a much-anticipated congressional hearing that put four of America's most prominent tech CEOs in the hot seat.
Google on Monday announced a partnership with security firm ADT and said as part of this multi-year partnership, it will 'make a Dollar 450 million investment in ADT'. "Today, we're announcing a long-term, strategic partnership between Google and ADT, a leading US security and home automation provider," Rishi Chandra, Vice President and GM, Nest, said in a blog post. Chandra said that Google will combine its Nest devices, services, and technology with ADT's leadership position providing security solutions for "millions of homes and small businesses in the US." "Over time, Nest's devices, powered by Google's machine learning capabilities will enhance ADT's security monitoring and become the cornerstone of ADT's smart home offering. The goal is to give customers fewer false alarms, more ways to receive alarm events, and better detection of potential incidents inside and around the home," Chandra said. Chandra said that ADT customers will also have access to Nest Aware, a service that keeps people informed about important events at home, including intelligent alerts and event history recording for up to 30 days. "As part of this multi-year partnership, Google will make a Dollar450 million investment in ADT in exchange for shares of a newly created Class B common stock having all the rights and preferences of ADT's common stock except for the right to vote on the election, appointment or removal of directors," the blog post read. "Upon the closing of Google's equity investment in ADT, Google will own approximately 6.6 per cent of ADT's outstanding aggregate common equity. Google's equity investment, which is subject to customary closing conditions, is expected to close in the third quarter of 2020," Chandra added.
Prince William and Kate have visited Barry Island where they joined in with children playing at an amusement arcade. The Duke and Duchess of Cambridge spoke with local business owners about the impact Covid-19 has had on the seaside resort. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Business Secretary Alok Sharma says clinical trials of a vaccine being developed in Scotland could get underway by the end of the year, but rejects claims that the government was slow in its response to the pandemic. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Aerial footage shows the devastating impact of a massive explosion that killed at least 100 people in Lebanon’s capital Beirut.
Officials said the huge blast, caused by 2,750 tonnes of ammonium nitrate, also injured more than 4,000.
It has emerged that the chemical was stored unsafely in a warehouse near the city’s port, where the explosion occurred.
Lebanese Prime Minister Hassan Diab has said that “those responsible will pay the price for this disaster.”
Authorities are still struggling to establish the full scale of the damage, as rescue efforts continue. Report by Avagninag. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
U.S. Representative Roger Marshall won the Kansas Republican primary for the Senate on Tuesday, defeating anti-immigration firebrand Kris Kobach with the help of the party establishment, which feared Kobach would hurt Republican chances in the fall. Ryan Brooks reports.
This week, the CEOs of Facebook, Apple, Alphabet and Amazon were called before the House's Antitrust Subcommittee to defend the vast empires they've built. Jeff Bezos, Tim Cook, Sundar Pichai and Mark..
Credit: TechCrunch TV News Duration: 27:13Published
US president Donald Trump said "there is no question that what the Big Techcompanies are doing is very bad". His comments came as Congressional lawmakersbegan questioning the chief executive officers..
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