The strategic move by Hyundai Motor marks a growing trends towards collaborating with strategic partners rather than develop technologies by itself. On Thursday, Hyundai Motor Co stated it has invested an undisclosed amount in Singapore-based ride-hailing firm Grab marking its first ever foray into the fast burgeoning sector as it tries to diversify its sales…
There had been a record week of trading for the U.K. grocer Sainsbury’s this Christmas week and there had been “excellent” operations throughout the entire group, the company said. “We think it’s a good performance in what of course continues to be a challenging market,” Mike Coupe, chief executive officer of Sainsbury’s, said during a…
Privately-held Immunity Inc would be acquired by Cyxtera Technologies, the secure infrastructure company. Announced of the signing of an agreement to this effect was made by the company on Wednesday. Offense-oriented systems vulnerability research¸ exploit development and penetration testing services is the main focus of Miami-based Immunity. The company was founded in 2002. The real-world…
The affected cards include Tesla, GeForce, Quadro, Grid and NVS. On Wednesday, Nvidia Corp confirmed that some of its chipsets have been affected by the Spectre vulnerability and that potentially hackers can exploit the bug by corrupting memory, bypass the operating system and steal the passwords of devices. Nvidia is in the process of providing…
A 2015 hack at Carphone Warehouse had compromised the personal information of more than 3 million people. On Wednesday, Britain’s information regulator disclosed that it has imposed a fine of $539,400 (400,000 pounds) on Carphone Warehouse following the 2015 cyber attack which exposed the private data of more than 3 million of its customers. As…
Putting to rest all talks, in an interview with Variety, Jimmy Iovine, the co-founder of Interscope Records made it amply clear that he will continue to be associated with Apple Music. Variety, a publication, reported that music mogul Jimmy Iovine will be staying at Apple’s music streaming service thus putting at rest all the noise…
Despite its chief being behind bars, Samsung Electronics has shown no signs of being impacted business wise. On Tuesday, the South Korean tech giant announced that a record operating profit amounting to about 15.1 trillion Korean won (about $14.13 billion) was being expected by the company for the quarter ended December. While this figure was…
According to the PitchBook-NVCA Venture Monitor, 2017 was the year when the highest yearly amount of capital invested in the entrepreneurial ecosystem was made since the early 2000’s in the United States. The report from the agency says that there were 8,076 deals involving 8,035 companies with a total amount of investment of $84 billion by…
In total Mobileye’s autonomous driving tech will be deployed in more than 2 million vehicles. Brian Krzanich, Intel’s CEO stated 2 million vehicles comprising those from the stable of Volkswagen AG, BMW and Nissan Motor Co Ltd, would be using Mobileye’s autonomous vehicle technology to crowd source data for building maps that enable autonomous driving.…
Powered by Qualcomm’s Snapdragon 821 chipsets, the Occulus Go is likely to ship to retailers in early 2018. Facebook owned Occulus stated it is partnering with Xiaomi Technology Co, a Chinese phone maker, to make its new standalone virtual reality headset. Oculus also disclosed that it will launch a version of its new product exclusively…
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