The plans of Japanese auto manufacturer of developing a range of useful service robots that can assist people in everyday life will get help from a firm specializing in artificial intelligence (AI) Preferred Networks, a Japanese company founded in 2014, is being roped in by the auto maker to help it in areas such as…
The technology conglomerate SoftBank Group Corp reported a leap in profits at its first $100 billion fund and said that its second Vision Fund might begin investing in various businesses as soon as next month. This announcement was made by the founder and Chief Executive Masayoshi Son. Funding round participants including Microsoft Corp and Apple…
A new form of breach of privacy and concerns about it emerged after the Hong Kong flag carrier Cathay Pacific revealed that it regularly conducts monitoring of its passengers through onboard cameras on its aircraft. According to Cathay, the aim of gathering of the footage of passengers via a number of cameras positioned all around…
After being financially troubled because of soaring rents and following a number of earlier unsuccessful attempts to find a buyer have ultimately forced the United States luxury department store chain Barneys New York to put it up for sale and file for Chapter 11 bankruptcy. In order to stay afloat, new funds from Hilco Global…
The trade war between the United States and China is hitting the heart of the American computer industry. Following the decision of the US administration to blacklist Chinese tech giant Huawei in May, business has not been good for American chipmakers. The new proposed China tariffs by US president Donald Trump is set to hurt…
Reducing carbon emissions from only cars, factories and power plants would not suffice to find a solution to fight the climate crisis, claimed scientists according to a report published by The Guardian. Scientists have claimed that unless there is also a transformation in the way the world produces food and manages land, it would not…
Despite the uncertainties hovering around the exit of the United Kingdom from the European Union, an optimistic outlook for the year by the British Airways owner IAG. The company reported better than expected forecast for the first half of its key summer period along with forecasting growth in revenues and a lowering of growth in…
The increasing rivalry in the video streaming industry is likely to be highlighted in the quarterly earnings reports that are to be filed by Walt Disney Co, CBS and Viacom next week. Analysts also expect some volatility in post the earnings reports in the so-called communication services sector that has performed much better than the…
Google’s rivals would be allowed by its parent company Alphabet to compete for the position of being chosen at the default search engines on new Android devices in Europe but against the payment of a price for the measure. For this purpose, Google would auction spots on a “choice screen” which will allow users to…
Following the approval of a key colour ingredient in its plant-based burger by the United States Food and Drug Administration, those products would be brought into the market and grocery stores in September, said Impossible foods on Wednesday, the closest competitor of Beyond Meat’. Impossible’s use of soy leghemoglobin — or heme — has been…
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