News highlights – 9 July 2017

Written by on July 10, 2017 in News with 0 Comments

News highlights for 9 July 2017

Stripe co-founder and CEO Patrick Collison (L) and brother John Collison, co-founder and president
Handout via Reuters

Stripe strikes deal with Alipay and WeChat

NEW YORK (Reuters) – Silicon Valley startup Stripe has partnered with digital payment providers Alipay and WeChat Pay to enable merchants using its platform globally to accept payments from hundreds of millions of Chinese consumers. Read more…

Oculus to cut price to try and entice customers

SAN FRANCISCO (Reuters) – Oculus, the virtual reality company owned by Facebook Inc, is temporarily cutting the price of its hardware, as the industry tries to figure out why the technology for immersive games and stories has not taken off among consumers. Read more…

ETSI releases first API package for edge computing

ETSI’s Multi-access Edge Computing (MEC) Industry Specification Group (ISG) has released of a first package of standardized APIs to support edge computing interoperability. Read more…

IT infrastructure spending for public cloud fastest growing: IDC

FRAMINGHAM, Mass. – According to a new forecast from the International Data Corporation (IDC) Worldwide Quarterly Cloud IT Infrastructure Tracker, total spending on IT infrastructure products (server, enterprise storage, and Ethernet switches) for deployment in cloud environments will increase 12.4% year over year in 2017 to $40.1 billion. Read more…

Facebook builds its own houses as shortage deepens

SAN FRANCISCO (Reuters) – The shortage of housing in California’s Silicon Valley has gotten so severe that Facebook Inc on Friday proposed taking homebuilding into its own hands for the first time with a plan to construct 1,500 units near its headquarters. Read more…

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