Sensor laden drilling operations are going increasingly hi-tech. In the shale oil industry today, tiny sensors are being attached to production gear to harvest data on right about everything: from pumping pressure, rotational speed of drill bits, heat generated by drilling activity, almost every conceivable variable in the drilling operation is being captured. This sensor-laden…
UBS Asset Management said in a report that overtaking Japan’s to become the world’s second largest behind the United States’, China’s bond market will double in size from the current $9 trillion over the next five years. Local provinces and cities were prohibited from borrowing from banks in a law passed in 2015 and that is the underpinning…
As companies big and small continue to invest in it and develop their expertise, artificial intelligence has a bright future ahead even though it may still be in its nascent stage, says a senior executive at Chinese tech giant Tencent. He was very bullish about A.I. and a big proponent of offering A.I. as a service,…
A $100 million funding from Japanese telecommunications firm SoftBank Corp — a subsidiary of SoftBank Group was secured by Cybereason, a Boston-based cybersecurity firm specializing in end-point detection and response to digital security breaches, the company announced on Wednesday. The backers of the start-up also include Charles River Ventures, Lockheed Martin and Spark Capital and the start-up has raised…
A corporate culture that has long favored quiet chats over splashy headlines is being shaken up as activist funds are targeting other Australian firms and as BHP Billiton fends off the attention of Elliott Management. In an effort to improve returns, and in order to pressure corporate boards criticized as clubby and conservative, activist investors…
Lattner’s resignation comes within 6 months of joining the company. In a troubling sign for electric luxury carmaker Tesla Inc, Chris Lattner, the head of its autopilot software, has left the company within six months of joining it. “Chris just wasn’t the right fit for Tesla, and we’ve decided to make a change,” said a…
Samsung – the world’s no. 1 chip manufacturer will not be effected by this crunch. With Apple set to launch its flagship, iPhone 8, later this year, electronics manufacturers across the globe are scrambling to stock up memory chips to keep production lines running. The iPhone 8 threatens to worsen the mismatch between supply and…
This collaborative effort will shift into production gear in 2021. On Tuesday Continental disclosed it would be join the self-driving platform pioneered by Intel, BMW and Mobileye in efforts aimed at integrating the handling of components and software. This integration of hardware and software data has accelerated the pace of development of self-driving vehicles and…
Samsung is well on its way to recapturing the title as the world’s no. 1 smartphone maker. On Tuesday, as per s source familiar with the matter at hand, Samsung Electronics Co Ltd plans on holding a launch event for its next Galaxy Note smartphone in New York City sometime in the second half of…
According to Luc Frieden, who has held several portfolios within the Luxembourg cabinet over the past few decades, U.K. financial services firms will definitely not be able to carry on business as normal within the European Union (EU) after it leaves the bloc. “We need a strong partnership with the United Kingdom, it’s our neighbor…
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