Here’s a look at some of the companies the Yahoo Finance team will be watching for you today.
Apple (AAPL) is investing nearly $400M into chip maker Finisar, which specializes in laser chips found in the iPhone X. These chips enable depth and proximity sensing, making facial recognition and augmented reality possible. Apple’s investment will reopen a Finisar plant and create 500 jobs.
Google (GOOGL) is making a big move in China. The tech titan is opening an artificial intelligence research center in Beijing. Google plans to scout local talent for the jobs. Chinese officials have voiced strong support for A.I. research and development in the past, despite blocking most Google products in the country.
AT&T (T) is working to make your internet 15 times faster. The telecom company is testing ways to send broadband through power lines instead of underground fiber. The project, dubbed AirGig, has the potential to let AT&T service customers in rural areas and even overseas.
After Uber’s unceremonious boot from London, the British city of Sheffield is green-lighting the ride hailing service. The city lifted Uber’s suspension after it finally responded to questions about the app’s management. The news comes on the heels of Lyft’s latest announcement that it’s taking on Uber in Canada, Lyft’s first international market.