Volkswagen is planning to set up a new manufacturing facility for electric vehicles in North America and the company is looking out for a suitable location, informed the CEO of the company Scott Keogh on Wednesday. “We are 100 percent deep in the process of ‘We will need an electric car plant in North America,’…
Artificial Intelligence will be pervasive in the coming years with its ubiquitous usage touching nearly every aspect of our day-to-day lives. In a significant development, U.S. chipmaker Qualcomm Inc has set up Qualcomm Ventures AI Fund, a $100 million fund, that will invest in startups working on artificial intelligence technologies. Qualcomm Ventures AI Fund has…
Microsoft won the contract through an auction process which saw the participation of tech companies, including Magic Leap. The U.S. Army has awarded Microsoft Corp a $479.2 million contract to supply prototypes for the Army’s augmented reality systems which will help soldiers in training and combat missions. The U.S. Army has posted the awarded contract…
One of the oldest and last standing conglomerates of the US, the 84-year-old United Technologies which manufactures elevators and jet engines will be split into three parts. Its Carrier building systems business and its Otis elevator division would be separated by the company into stand alone units, accounted the company on Monday. Jet engine maker…
Raising concerns over national security, the New Zealand’s intelligence agency refused allowing the use of 5G equipment from China’s Huawei Technologies Co Ltd as requested by the country’s telecom industry. The reasoning offered by the agency would be reviewed before further steps are taken by it, said New Zealand’s telecommunications services provider Spark New Zealand…
The move is significant as it marks Amazon.com’s growing ambition to tap contracts from the U.S. Department of Defense. Amazon.com Inc, the world’s biggest online retailer and also the world’s top cloud computing company, stated it was starting a new antenna service for uploading and downloading data from satellites; the move underscores its efforts to…
The security incident occurred at Atrium Health’s third-party provider AccuDoc Solutions. In yet another massive data breach, Atrium Health, previously known as Carolinas HealthCare System, stated data of nearly 2.65 million patients, including their dates of birth, addresses, and social security numbers, may have been compromised at its third-party provider AccuDoc Solutions. Incidentally, Atrium provides…
The Government Communications Security Bureau has effectively banned Huawei Technologies Co Ltd’s 5G equipment from New Zealand citing significant risks to national security. On Wednesday, Spark New Zealand stated, the Government Communications Security Bureau has declined its proposal to use Huawei Technologies Co Ltd’s 5G equipment citing significant risks to national security. This decision effectively…
Disney could soon get access to a market with over one billion people and own a vast TV network and the leading video streaming service from its bet on Fox. The Indian market that is one of the world’s lucrative media markets with over 700 million people could soon be at the disposal of Disney…
According to an analysis by consulting firm Bain & Co., there are tremendous chances of benefit for a number of Southeast Asian countries because of the trade war between the United States and China which is forcing a large number of global companies that are currently engaged in manufacturing and fabrication work in China to…
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