On Wednesday, in a statement Class Technologies Inc said, it has raised $105 million in a funding round that was led by SoftBank Group Corp’s Vision Fund 2. Class Technologies Inc makes tools for Zoom Video Communications Inc’s platform to enhance online classes. Class Technologies Inc, an educational tech startup was created by Michael Chasen…
On Tuesday, in a statement scotch whisky maker Glenfiddich said, it has started to convert its delivery trucks to run on low-emission biogas made from waste products from its own whisky distilling process as part of a “closed loop” sustainability initiative. The company has installed fueling stations at its Dufftown distillery in north-eastern Scotland using…
In a development that marks Britain latest crackdown on crypto trading, the country’s Financial Conduct Authority (FCA) said, CoinBurp, a crypto broker, is not fully authorised to continue operations. The development comes at a time when CoinBurp planned on launching its $BURP token and initial exchange offering (ICO). CoinBurp could start business under its temporary…
In a statement U.S. Commerce Secretary Gina Raimondo said, the Biden Administration plans on spending $52 billion to mitigate issues revolving around the supply of semiconductors subject to the U.S Congress passing a bill funding such efforts.
In a joint statement Amadeus and IBM said, the former will integrate IBM’s digital health pass into its Traveler ID platform. The move will simplify the verification of passengers’ health credentials during the boarding process, said the companies on Thursday. Ever since the pandemic began, the tourism industry, along with the aviation and tech sectors…
According to a report from Nikkei on Wednesday, Apple Inc will come out with its 5G-enabled iPhones in the first half of 2022. Cupertino will also revamp its budget handset after for the first time in two years. Apple will start selling a 5G version of iPhone SE in the first half of 2022, said the…
In a report the Telegraph said, British ministers have cut off funding to Britain’s biggest microchip factory following its sale to a Chinese-owned technology company. UK Research and Investment (UKRI) has suspended funding to Newport Wafer Fab following government instructions after it was sold to China’s Nexperia. Earlier this month, when asked whether the sale…
With competition increasing in the videoconferencing sector Zoom Video Communications Inc announced a $14.7 billion all-stock deal to acquire Five9 Inc, a cloud-based call center operator, its largest-ever acquisition. With the Coronavirus-induced COVID-19 pandemic resulting in the closures of schools and businesses, Zoom has become a household name and an investor favorite this year with…
In a statement UK-based cybersecurity firm Avast Plc said, it was in advanced talks over a potential merger with NortonLifeLock Inc. If the negotiations are a success, it will result in a cash-and-share deal, said Avast. The company however cautioned thar there is no certainty that a deal will be agreed. Late on Wednesday, NortonLifeLock…
On Thursday Toyota Motor Corp’s research arm said, it had acquired US based map and driverless vehicles data provider Carmera. The acquisition underscores Toyota’s push to bulk up its self-driving arsenal as traditional automakers compete with tech giants in the emerging autonomous vehicles sector. The acquisition will provide Toyota access to real-time, high-definition maps and crowdsourced…
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