In order to better shield sensitive technologies seen as vital to U.S. national security, current and former U.S. officials told the media that the United States appears poised to heighten scrutiny of Chinese investment in Silicon Valley. The fields like artificial intelligence and machine learning have increasingly attracted Chinese capital in recent years and therefore…
The new fund will provide funding to both public and private firms for products that have already reached mid-stage Phase II clinical development, providing them with a new source of growth capital. In a move that underscores the wide net Google has cast across industries, the search engine giant has sunk in $300 million in…
The shared ledger technology is going to be a game changer for many industries. Here’s why. In a development that underscores the growing penetration of bitcoin technology, the American International Group Inc (AIG) has partnered with International Business Machines Corp (IBM) to develop a “smart” insurance policy which will use blockchain technology to manage complex…
Libya’s crude output could soar as its state oil company moved toward resolving a dispute. But putting at risk political reconciliation between the nation’s rival factions and a tentative rebound in its oil production is the regional crisis over Qatar has spilled over into Libya. In a step forward in a dispute that was shutting…
Ahead of an anticipated interest rate increase from the Federal Reserve, while short-dated U.S. bond yields briefly hit multi-week highs, world stock markets rose as technology shares recovered from a recent sell-off. Record closing highs was set by the S&P 500, Dow industrials and Russell 2000. The spotlight was put on areas of the stock…
With this development, self-driving cars are a step closer to retail reality. In a significant development, Alphabet’s self-driving car unit Waymo has disclosed it is retiring its Firefly line of test vehicles and is now moving on to integrating its technology into mass-produced vehicles. Initially, Waymo will move to equip its 600 Chrysler Pacifica minivans…
The Chinese have found weaknesses in CFIUS and are exploiting it to the hilt. As per current and former U.S. officials, the U.S. is poised to heighten the scrutiny on investments made by China in Silicon Valley in order to better shield sensitive technologies which are seen as vital to U.S. national security. In recent…
While Westminster comes to terms with a hung parliament, Britain was plunged deep into political uncertainty after last week’s inconclusive General Election. It is therefore important to understand the impact on investors over the coming months because of this. “Clearly the pound is a little bit weaker, I think it’s going to bounce around for…
After bitcoin hit all-time highs, as appetite for digital assets continues to grow, ethereum prices also surged to record levels. According to data from industry website Coinmarketcap, the cryptocurrency was trading at around $407.10 in early Monday morning trading. Since Jan. 1, when ethereum was trading at $7.98, this is a record level which marks a…
The ruling will be closely watched by “patent trolls” and tech companies alike since both are frequent users of the ‘inter partes’ review system. On Monday, the U.S. Supreme Court agreed has agreed to take up the matter of whether a federal administrative process frequently used by technology companies to ward off patent infringement lawsuits…
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