Here are today’s Top 5 News & Events from Around the World. Take a look!
Facebook to Pay Billions for the Privacy Cases
Facebook on Wednesday, said that it has set aside $3 billion to settle the privacy suit against it. The FTC might put a fine of $5 billion on Facebook for privacy-related cases. Link.
Tesla to Launch Its Own Insurance Product
Tesla CEO Elon Musk has revealed to analysts that Tesla will launch its own insurance product for its customers. In about a month its insurance service will be more compelling than others in the market. No specific details have been revealed yet. Link.
Intel Reveals Fastest Ever Mobile Processors
Intel has revealed the fastest mobile processors that can clock speeds up to 5Ghz with 8 cores and 16 threads. Link.
New UFO Reporting Guidelines From the US Navy Soon
The United States Navy is drafting new guidelines for reporting of UFO encounters by pilots and others. This is considered a significant step to create an orderly process that will collect and examine unexplained sightings. The new law will also include the process for the digitization of information. Link.
Microsoft Hits $1 Trillion in Capitalization
Microsoft has become the most valued tech company in the US after reaching the $1 trillion dollar market capitalization. Apple was the first company to hit this mark, while Amazon stayed in this range for a short time. Link.