With the purchase SoftBank is positioning itself for the coming data “gold rush”. On Friday, the SoftBank Group Corp stated it would be acquiring two firms that build robots that could walk from Alphabet Inc. The purchase marks an increase of artificial intelligence companies in the group’s portfolio. The Japanese conglomerate will be acquiring U.S.-based…
As Citigroup Inc. seeks to boost its base of affluent customers in the region by at least 10 percent this year, the bank is expanding its digital-banking channels in Asia. According to Gonzalo Luchetti, Citigroup’s Singapore-based head of Asia-Pacific retail banking, deployment of technologies that allow customers to make transactions through its Internet and mobile platforms…
Established flag carriers have been forced to set up budget subsidiaries or lower fares and a club of major airlines meeting in Mexico this week were shaken by low-cost, long-haul air travel which has taken off across the Atlantic. According to data from air travel intelligence company OAG, budget carriers are trying to grab a…
Uber will most likely have to handover its due diligence document. However, it isn’t clear whether it will hand over the complete document or only portions of it. It still has a card to play. In what could potentially lead to a significant development, a magistrate has ruled that Uber Technologies Inc will necessarily have…
Although lagging slightly behind rivals, the company has earmarked a record $6.84 billion for R&D purposes and has acknowledged that producing smart cars is central to its survival as a car manufacturing company. Honda Motor Co has now spelled out its autonomous vehicle development strategy with which it will take on rivals for the first…
The development has significant repercussions on several fronts, including economics, trade, diplomacy and the military. As per a report presented by the Pentagon to the U.S. Congress, China’s 2016 launch of its first experimental quantum communications satellite was a “notable advance in cryptography research”. “The developer of the satellite claimed it has ‘enormous prospects’ in…
The surge has taken short sellers of the stock by surprise. On Tuesday, boosted by a strong demand for its GPUs, the share prices of Advanced Micro Devices (AMD) surged by 9% leaving short sellers low and dry. The rise in AMD’s stock price can be linked to a rally in Ethereum, a cryptocurrency, which…
Construction of one of the largest greenfield thermal coal developments approved in recent years, have been decided to be started by India’s Adani Group. However, controversy over the level of public subsidies that should be offered to the Carmichael coal, rail and port project, which could cost as much as A$16.5bn (US$12.4bn) to complete, has…
In order to facilitate the use of renewable energy like solar to charge electric vehicles in the country, SoftBank Group is in talks with the Indian government, reported the media quoting a senior executive at the Japanese group’s local unit. In a plan that could boost SoftBank’s solar ambitions in the country if the government…
Featuring realtime acoustic modelling, the HomePod will ship this December. On Monday, with the launch of the HomePod, Apple has taken aim at Amazon.com’s Echo devices featuring Alexa. The development underscores Apple’s move to launch a device into a completely new market segment after a gap of more than two years. With this launch, the…
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