On Tuesday, according to a report from the Mint newspaper which cites sources familiar with the matter at hand, Walmart Inc is in talks with India’s Tata Group for a potential investment of up to $25 billion in its new “super app”. The new “super app could be launched as a joint venture between Tata…
McAfee Corp has filed for a U.S. initial public offering (IPO). The cyber security firm however did not disclose the size of its offering and set a placeholder amount of $100 million. According to its filing, McAfee will be listing its shares on the Nasdaq under the ticker symbol “MCFE”. The development comes at a…
Elon Musk, Tesla Inc’s CEO plans on listing his space internet venture, Starlink, in the years ahead when revenue growth is predictable and smooth. “Public market does *not* like erratic cash flow haha,” tweeted Musk. In 2019, Musk said Starlink was an important new revenue stream for Space Exploration Technologies, SpaceX. In February 2020, SpaceX’s…
On Monday, the robotics arm of Japanese conglomerate SoftBank stated, it will start using its food service robot developed by California-based Bear Robotics in Japanese restaurants as a means to tackle growing labor shortages faced by the country. Servi, the robot, comes with features which includes layers of trays and is equipped with Lidar sensors…
A non-profit group that has drawn up plans for advocating legal and regulatory action to challenge the practices for its App Store by Apple was joined by a number of critics of the iPhone maker which includes companies like Spotify Technology, Match Group Inc and “Fortnite” creator Epic Games. A commission of between 15 per…
A host of security products were announced by Amazon on Thursday which included a a drone that will be use for recording security video inside homes and a number of products for cars that can alert their owners about any attempts to break in and steal cars. This new announcement shows the push by Amazon…
In a statement Tyler Technologies said, its network was hacked by a ransomware, a kind of computer virus through which hackers encrypts files and decrypt them once their payment demands are met. The hacker was able to gain access to its internal networks, but could not access to the systems it hosts for clients; incidentally,…
The ACTRIMS-ECTRIMS international conference, originally planned to take place in Washington, DC, was held virtually between the 11th and 13th of September due to restrictions caused by the ongoing COVID-19 pandemic. The event is held every three years and represents a meeting of the best minds in terms of medical and scientific expertise, innovation, and…
Following a merger with Switchback Energy Acquisition Corp, one of the oldest and largest electric vehicle charging networks of the world – ChargePoint Inc, will float an initial public offering, the company said on Thursday. The merger values the charging company at $2.4 billion. The company expects that the merger deal will be closed by…
In a statement Intel’s spokesman said, it has received licenses from U.S. authorities to continue supplying certain products to Huawei Technologies. The development comes at a time when U.S.-China relations have come under pressure with many intelligence agencies across the Western world saying China’s Huawei is a national security threat, especially after Beijing passed its…
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