News highlights for 20 June
REUTERS/Leonhard Foeger/File Photo
Adobe posts better than expected profits
(Reuters) – Adobe Systems Inc reported a better-than-expected quarterly profit and forecast current-quarter above analysts’ estimates, as the software maker benefits from a rapid switch to the cloud. Read more…
AI uptake will grow at 162% CAGR through 2022
ABI Research predicts the number of businesses adopting artificial intelligence (AI) technologies worldwide will grow considerably, up from 7,000 this year to nearly 900,000 in 2022, a CAGR of 162%. AI is no longer limited to science fiction and movies, with significant strides being made in cloud processing, storage capacity, and machine learning algorithms. Read more…
Head of autopilot software at Tesla quits after a few months
(Reuters) – Tesla Inc said the head of its autopilot software, Chris Lattner, left the company in less than six months since joining the electric carmaker. Read more…
Facebook gets in-principle go ahead in Indonesia
JAKARTA (Reuters) – Social networking giant Facebook Inc has received an in-principle approval to set up a domestic unit in Indonesia and the government is now processing the details, the country’s investment chief said on Wednesday. Read more…
Trump to be briefed on new technologies
WASHINGTON (Reuters) – U.S. President Donald Trump will discuss advanced wireless technologies and drones on Thursday with top executives at AT&T Inc, Verizon Communications Inc, T-Mobile US Inc and other firms, focusing on how government can create the right environment for breakthroughs. Read more…
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