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Tech`s news

Leave it to Elon Musk to make a company's stock jump nearly 5 percent a day after reporting widening losses - all in the middle of a market selloff. Musk's electric vehicle startup, Tesla Motors Inc, on Wednesday posted its eleventh straight quarterly loss, when analysts had expected a profit. Tesla also said it planned $1.5 billion in capital spending this year but had just $1.2 billion in the bank. more...


Alphabet Inc's self-driving project is advertising dozens of jobs on its website with a special focus on manufacturing expertise. Thirty-six jobs related to the Google X car project were listed including engineers working on motion control, displays, robotics and sensors as well as managers charged with operations, materials and marketing. Google, which declined to comment, has denied in the past that it had any interest in making cars. more...


By Sarah McBride SAN FRANCISCO (Reuters) - Networking giant Cisco Systems Inc reported it is weathering a global slowdown in information-technology spending, but signs potential customers are putting some projects on hold exacerbated concerns about broader IT growth. Cisco shares rose 10 percent on Thursday, bucking the overall market after it set a profit target in line with Wall Street expectations despite the weaker spending it noted around the world by businesses. Cisco Chief Executive Chuck Robbins on Wednesday told analysts that customers in January “paused a bit” as they evaluated the economy. more...


(Reuters) - Google is developing a virtual reality headset that works without a smartphone or computer, The Wall Street Journal reported, citing people familiar with the matter. The headset will include a screen, high-powered processors and outward-facing cameras, the Journal reported, citing one person. Alphabet Inc's Google currently sells a virtual reality device made of cardboard into which users slide in their mobile phones. Since the launch in 2014, Google has shipped five million Google Cardboards. The company declined to comment on the Journal report. ... more...


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