Philadelphia held a SmartCityPHL Readiness Workshop to focus on smart city strategies that would foster innovation, investment and inclusion. Cybersecurity and privacy, as well as funding for initiatives, were key topics addressed.
PayPal's expansion strategy focusing on partnerships and acquisitions appears to be paying off with a better-than-expected year-to-year profit gain of 18% in Q3. The company now projects stronger earnings through the remainder of the year, particularly in the mobile sector.
A database breach in South Africa potentially exposed personal data of 60 million people, affecting a "significant portion" of the country's residents, reports security researcher Troy Hunt. Exposed data includes names, ID numbers and employment information, and the incident is under investigation by the country's Department of Home Affairs.
Image-bookmarking site We Heart It has confirmed a hacking incident that compromised data associated with more than 8 million accounts. The breach affects accounts created between 2008 and November 2013, which were encrypted with algorithms that "are no longer secure due to advancements in computer hardware," the company said.
US-based smart lock maker August Home will be purchased by Swedish lock company Assa Abloy, with the acquisition expected to close in the fourth quarter. Assa Abloy will maintain the August Home brand in the US, and company co-founder Jason Johnson will stay on as CEO.
Ultimate Ears has released two new smart speakers, Blast and Megablast, which were designed specifically to work with Alexa's ecosystem. These speakers have been updated with a battery to increase portability, while some Bluetooth features have been removed for better Wi-Fi connectivity.
Premium ultramobile devices, such as lightweight computers, are expected to see increased shipments in 2018, with 70 million units to be shipped, Gartner said. Meanwhile, shipments of traditional desktop computers and tables are expected to decline by about 1 million over the same period.
Taiwan's foundries are seeing a surge in fourth-quarter orders from fabless semiconductor companies, industry sources say. The trend is counter to the usual seasonality of the chip business, when demand slows during Q4 and drags in the first quarter of the new year, those sources note.
Microelectromechanical system devices are getting their due, in terms of higher pricing and finding new applications in automotive electronics, drones and the internet of things, this analysis notes. "We're seeing sensor fusion in the MEMS market, particularly as these companies try to put more value into the system," said Jeff Miller of Mentor, a Siemens Business.
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