Keyword Search: Private
1 Article
Source: The Guradian

Google and Orange building cable between US and France

Monday 21:51 GMT

Telecoms firm Orange has teamed up with Google to work on a private undersea cable connecting the Atlantic coasts of France and the United States.

Neither Orange nor Google released information about the total capacity of the cable, nor how they would allocate it between them. When it comes online in 2020, it will provide Orange alone with a capacity of “more than 30 terabits per second, per [fibre] pair” – enough, the company says, “to transfer a 1GB movie file in 30 microseconds”.

1 Article
Source: CBS News

Hillary Clinton's security clearance revoked by her own request

Saturday 13:36 GMT

The Senate Judiciary Committee confirmed Friday that former Secretary of State Hillary Clinton's security clearance has been revoked by her own request.

The move comes more than a year after Judiciary Committee chairman Chuck Grassley requested the department to investigate if Clinton still had security clearance. According to the letter released by Grassley, the State Department said that Clinton's clearance was revoked on Aug. 30.

1 Article
Source: Common Domain

SoftBank Gives Startups Billions of Reasons to Hold Off IPOs

Sunday 23:40 GMT

Enter SoftBank Group Corp. , which is increasingly poised to help WeWork and numerous other multibillion-dollar startups in Silicon Valley stave off IPOs.

Ever since it started up its tech-focused Vision Fund last year, SoftBank has shaken up the venture capital industry by rushing hundreds of millions, if not billions, into startups and taking the place of funds typically raised in an IPO. But its potential willingness to take majority stakes would greatly extend the runway for companies to remain private.

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte