Ride-hailing service Uber inaugurated a support center in Brazil's biggest city on Tuesday with plans to invest 200 million reais ($62 million) and create 2,000 jobs, underscoring an aggressive growth strategy in Latin America's biggest nation. The new facility in Sao Paulo may employ up to 7,000 people by the end of the year, providing technical support for around 9 million users in Brazil along with thousands of drivers, the company said in a statement. Uber's latest investment in Brazil comes just weeks after Didi Chuxing, China's largest ride-hailing company, announced it was investing more than $100 million in Brazilian company 99, an on-demand taxi and ride sharing service.
By Lisa Maria Garza DALLAS (Reuters) – Facebook Inc chief executive Mark Zuckerberg took the witness stand in Dallas federal court on Tuesday and denied an allegation by a rival company that the virtual-reality technology of Facebook's Oculus unit was stolen. Zuckerberg, the founder of one of the world's largest companies, faced hours of tough, public questioning about where Oculus obtained its ideas and how much he knew about the startup when Facebook bought it for $2 billion. A jury is hearing evidence in a civil lawsuit brought by videogame publisher ZeniMax Media Inc against Oculus in 2014, in the middle of the Facebook-Oculus deal.
U.S. software provider Oracle Corp said on Monday it was opening an accelerator program in Israel for startups developing cloud technologies or whose technologies are based in the cloud. A pilot program was first launched in India and more centers will be announced soon. Oracle's startup cloud accelerator program builds on its excellence center for Israeli startups, which was established in 2003 by Oracle Israel in cooperation with the government to support the growth of early stage startups.
By Laurence Frost DETROIT (Reuters) – Electric cars will pick up critical momentum in 2017, many in the auto industry believe – just not in North America. Tighter emissions rules in China and Europe leave global carmakers and some consumers with little choice but to embrace plug-in vehicles, fuelling an investment surge, said industry executives gathered in Detroit this past week for the city's annual auto show. “Car electrification is an irreversible trend,” said Jacques Aschenbroich, chief executive of auto supplier Valeo , which has expanded sales by 50 percent in five years with a focus on electric, hybrid, connected and self-driving cars.
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China, Europe drive shift to electric cars as U.S. lags
A SpaceX Falcon rocket blasted off from California on Saturday, returning the company to flight for the first time since a fiery launchpad explosion in September. The launch of the 230-foot (70-meter) rocket from Vandenberg Air Force Base at 9:54 a.m. PST (1754 GMT) aimed to deliver 10 satellites into orbit for Iridium Communications Inc. SpaceX's founder and entrepreneur Elon Musk's ambitious flight plans had been grounded since the Sept. 1 explosion during fueling ahead of a pre-flight test in Florida. About 10 minutes after Saturday's launch, the first stage of the rocket, which had separated from the rest of craft, successfully touched down on a platform in the Pacific Ocean, a feat previously accomplished by four other returning Falcon rockets.
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SpaceX launches first rocket since explosion, returns stage to earth
By Lisa Richwine LOS ANGELES (Reuters) – Sony Entertainment Chief Executive Michael Lynton will step down to become chairman of the board of messaging app owner Snap Inc, a move that puts an experienced Hollywood executive in a prominent role as the technology company prepares for an initial public offering. Lynton will give up his current position at Sony's movie and television unit on Feb. 2 but remain as co-CEO for six months to help find a successor, Japanese conglomerate Sony Corp said in a statement on Friday. Lynton was an early investor in the company co-founded by 26-year-old CEO Evan Spiegel, and has served on its board for nearly four years.
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Sony Entertainment CEO exiting for a top role at Snap
SEOUL (Reuters) – South Korean special prosecutor's office is considering whether to seek an arrest warrant for Samsung Group leader Jay Y. Lee amid a probe into an influence-peddling scandal involving President Park Geun-hye, Yonhap News Agency reported on Friday. The special prosecution has been investigating whether Samsung provided 30 billion won ($25.28 million) to a business and foundations backed by Park's friend in exchange for the national pension fund's support for a 2015 merger of two Samsung affiliate. …
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South Korea investigators mull arrest warrant for Samsung leader: Yonhap
SAN FRANCISCO (Reuters) – iPhone app purchasers may sue Apple Inc over allegations that the company monopolized the market for iPhone apps by not allowing users to purchase them outside the App Store, leading to higher prices, a U.S. appeals court ruled on Thursday. The 9th U.S. Circuit Court of Appeals ruling revives a long-simmering legal challenge originally filed in 2012 taking aim at Apple’s practice of only allowing iPhones to run apps purchased from its own App Store. A group of iPhone users sued saying the Cupertino, California, company's practice was anticompetitive.
Written by Rack Alley
In the hosting world, there are several packages and types of hosting. Starting with the basic la web hosting packages all the way to a dedicated server. There are times when a site owner will want to upgrade from a hosting package. The choice at that point is to move to a higher capacity hosting package or a dedicated server. Often, users will opt for the dedicated server option for the performance that option affords. This upgrade to a dedicated server comes with its own advantages and disadvantages. Here they are:
A dedicated server affords complete control of the server and its operating system. With server hosting Los Angeles any software package can be installed. In addition, any obscure changes that niche software will require to the configuration will also be possible. Another advantage is that since there is only one user on the server, there is no sharing of resources. All server resources can be geared towards the running applications.
Unless the amount of resources used in the previous package is similar, the jump in cost will be significant. A dedicates server package is basically the rental of a physical server and the host’s services. This can be quite expensive. The other issue is that with this level of control, maintenance, and other functions will also be required. This includes software updates, bug fixing and attending to resource management.
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