In a significant development, the state of Virginia has launched its first contact tracing app for the Wuhan coronavirus in the United States using a new technology from Google and Apple Inc. With this app, COVIDWISE, Virginia is hoping to help it catch newer cases faster than before; one hurdle facing it is boosting the…
The German auto giant BMW id forecasting an operating profit this year even though the company reported a loss of 666 million euros ($787 million) during the second quarter following slump in sale of its luxury cars during the lockdowns implemented across most major markets to prevent the spread of the novel coronavirus pandemic, the…
The hit to the global economy and a consequent forecast of a significant hit to global demand in cars because of the novel coronavirus pandemic has forced Japanese auto giant Honda Motor Co to forecast a 10-year low annual operating profit for the current year with a 68 per cent decrease. In the year to…
According to sources familiar with the matter at hand, software firm Clearwater Analytics is exploring a potential sale which could value the investment management software firm, owned by private equity, at nearly $2 billion, including debt. According to two sources, Welsh, Carson, Anderson & Stowe, the buyout firm which acquired its majority stake in the…
On Monday, Chinese artificial intelligence company Shanghai Zhizhen Intelligent Network Technology Co., also known as Xiao-i, filed a lawsuit against Apple Inc alleging copyright infringements. The Company has demanded $1.43 billion (10 billion yuan) in damages and that Apple cease “manufacturing, using, promising to sell, selling, and importing” products that infringe on its patents. The…
In a statement Microsoft Corp said, it will continue to negotiate with ByteDance for purchasing Chinese short-video app maker TikTok, with negotiations likely to conclude by September 15. Microsoft’s statement come in the wake of a conversation between its CEO Satya Nadella with U.S. President Donald Trump. Microsoft will ensure that the private data of…
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