In the process, Milner expects the boom to create internet companies worth at least $4 trillion. On Friday, billionaire investor Yuri Milner, founder of venture capital giant DST Global disclosed that the surge in global online consumer spending is likely to create new internet companies worth almost $4 trillion. Milner, who made the comments…
With the purchase SoftBank is positioning itself for the coming data “gold rush”. On Friday, the SoftBank Group Corp stated it would be acquiring two firms that build robots that could walk from Alphabet Inc. The purchase marks an increase of artificial intelligence companies in the group’s portfolio. The Japanese conglomerate will be acquiring U.S.-based…
Uber will most likely have to handover its due diligence document. However, it isn’t clear whether it will hand over the complete document or only portions of it. It still has a card to play. In what could potentially lead to a significant development, a magistrate has ruled that Uber Technologies Inc will necessarily have…
Although lagging slightly behind rivals, the company has earmarked a record $6.84 billion for R&D purposes and has acknowledged that producing smart cars is central to its survival as a car manufacturing company. Honda Motor Co has now spelled out its autonomous vehicle development strategy with which it will take on rivals for the first…
The development has significant repercussions on several fronts, including economics, trade, diplomacy and the military. As per a report presented by the Pentagon to the U.S. Congress, China’s 2016 launch of its first experimental quantum communications satellite was a “notable advance in cryptography research”. “The developer of the satellite claimed it has ‘enormous prospects’ in…
The surge has taken short sellers of the stock by surprise. On Tuesday, boosted by a strong demand for its GPUs, the share prices of Advanced Micro Devices (AMD) surged by 9% leaving short sellers low and dry. The rise in AMD’s stock price can be linked to a rally in Ethereum, a cryptocurrency, which…
Featuring realtime acoustic modelling, the HomePod will ship this December. On Monday, with the launch of the HomePod, Apple has taken aim at Amazon.com’s Echo devices featuring Alexa. The development underscores Apple’s move to launch a device into a completely new market segment after a gap of more than two years. With this launch, the…
While the Obama Administration’s focused on safety issues vis-à-vis self-driving vehicles, the current administration aims to ease the rules of business. On Monday, the head of the U.S. Department of Transportation stated that U.S. President Donald Trump’s administration will unveil revised guidelines for self-driving vehicles in the coming months. The announcement follows calls by auto…
Efforts are being made to make the U.S. ban more effective by coordinating with European officials. During an aviation industry meet on Monday, Oscar Munoz, the CEO of United Airlines disclosed that the Trump Administration’s ban on laptops is likely to be related to explosives being disguised as laptops which could be directly detonated onboard…
Given Foxconn’s deep ties with China, Japan is likely to block any move that will risk the transfer of sensitive technology to outsiders. On Monday, Japanese business daily, Nikkei has reported quoting Terry Gou, Foxconn’s chairman say saying, Amazon.com Inc and Apple Inc will be joining forces with Foxconn for a bid of Toshiba’s chip…
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