In just 6 years, Grab has managed to attract $6 billion in funding. According to sources familiar with the matter at hand, SoftBank Group Corp is nearing a deal to invest nearly $500 million in Grab. The potential deal is part of a nearly $1 billion funding that Grab aims to tap in its latest…
Rules that impede the development and deployment of fully autonomous automated vehicles will be revised. As per a document made public on Thursday, the Trump Administration plans to surge ahead and revise safety rules that bar fully automated autonomous vehicles from being on the roads; this includes cars without traditional items such as mirrors, steering…
Glassbox’s expertise lies in providing automatic insights from the entire spectrum of the web experience including mobiles and apps. On Thursday, Tel Aviv-based Glassbox, a provider of customer management technology, stated it had raised $25 million in a funding round led by Updata Partners, a Washington-based software-focused growth equity firm. Ibex Investors, CEIIF, the venture…
While in July Dell had stated it would come back with an IPO, acquiring VMWare’s tracking stock is a competing priority. In a significant development, Dell Technologies Inc has confirmed that it has met with a few investment banks to explore an initial public offering (IPO); this plan will kick in only if its plan…
The IPO is likely to be Japan’s biggest to date with the majority of investors likely to come from within Japan. As per a report from DealWatch, a capital markets newswire, SoftBank Group Corp is preparing for an IPO of its mobile unit, which it plans on listing on the Tokyo Stock Exchange on December…
The woman has alleged that although Facebook’s executives knew minors were being lured into the sex trade on the platform they remained mute spectators. A woman in Texas has dragged social networking giant Facebook to court alleging that at the age of 15, she was raped, beaten and trafficked for sex by a pimp who…
The hike in 29% unplanned investment is due to rising cost of equipment. In a development that underscores a potential increase in demand for memory chips, SK Hynix Inc stated it would invest $17.8 billion (20 trillion won) in a new memory chip manufacturing plant which will open on Thursday in South Korea; the amount…
Users across the globe have taken to twitter with the #instagramdown hashtag, complaining that the service is down. On Wednesday, users of of Facebook’s photo and video sharing app, Instagram complained of outage. Users across several cities spread across the globe, including London, San Francisco and Singapore took to Twitter complaining about the outage with…
The info was disclosed by PSA’s director of mobility services at the Paris Motor Show. According to a senior executive from PSA, the maker of Peugeot and Citroen cars stated, it will launch a car-sharing service in Washington DC at the end October 2018. At the outset, PSA will use 600 Chevrolet cars in Courtehoux,…
The alliance is weighing its options of extending their collaboration in various technologies including, autonomous vehicles, advanced batteries and mobility services. On Wednesday, Renault-Nissan and Daimler stated, they could possibly expand their cooperation to include autonomous cars, battery technology and mobility services. “The industry being in transformation in the area of connectivity, autonomous cars and…
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