Much of the U.S. government’s stance can be traced back to a report prepared by the U.S. Department of Defense, which warns of Chinese venture investors accessing “the crown jewels of U.S. innovation.” Although the U.S. Administration is pushing to protects national security interests by blocking Chinese investments in the field of artificial intelligence, machine…
The acquisition of 21st Century Fox by Walt Disney worth $17.3 billion has been cleared by the Antitrust Division of the U.S. Department of Justice (DOJ). The U.S. Department of Justice has however mandated the sale of the Fox Sports Regional Networks. The time frame for Disney to conduct the sale would be 90 days…
UK’s largest electric charging network, Chargemaster, is being bought by oil giant BP for £130 million. Earlier this year, BP had said that it expects renewable energy to be the fastest-growing source of fuel despite the company operating 1,200 petrol forecourts. The company said that there would be a rise in the number of electric…
Its investors include KKR & Co, AllianceBernstein and Baillie Gifford. Lyft has a market share of 35% in the U.S. Following a funding round in which it raised $600 million, Lyft Inc said the its latest funding round was led by Fidelity Management which saw the ride-hailing firm’s valuation jump to $15.1 billion in little…
The partnership aims to collect data from vehicle communication, crash detection, and diagnostics and provide big-data analytics to corporate clients, insurers and emergency responders. In a statement, German auto supplier Robert Bosch GmbH and Canadian startup have said, the two firms have teamed up to collaborate on a wide spectrum of digital services in the…
The first small-scale public trial would be conducted for the robotic calling service Google which is able to speak to humans to undertake activities like making a reservation or setting an appointment. The company said that the system will make a few calls in the next few weeks to some businesses. Google did not provide…
A threat to disruption in supplies of meat and fizzy drink in Europe is posed by a massive shortage of food-grade carbon dioxide (CO2). This shortage of CO2 in Europe has taken place at a time when there is a frenzy over the football World Cup and a peak season for summer barbecues. A number…
Pinnacle Foods Inc. – the owner of the Birds Eye and Mrs. Butterworth’s brands, would be acquired by Conagra Brands Inc., announced the later on Wednesday. The deal would be a cash-and-stock one with a valuation of the company at little over $8 billion. The deal would potentially have an implied per share deal price…
It is most likely that a male would be sitting behind the wheels when one orders a taxi in most parts of the world. That perception is being attempted to be change by the Uber’s rival in the Middle East – Careem. And that too in a society that is amongst the more conservative in…
Z Energy did not mention the extent to which its database was compromised. However, the compromised system has remained closed since December 2017. On Wednesday, Z Energy Ltd, a New Zealand-based fuel supplier disclosed it has been presented with evidence that its customer data from its Z Card Online database was accessed by a third…
