Record Profits Anticipated By Samsung For December Quarter While Falling Slightly Short Of Market Expectations

Despite its chief being behind bars, Samsung Electronics has shown no signs of being impacted business wise. On Tuesday, the South Korean tech giant announced that a record operating profit amounting to about 15.1 trillion Korean won (about $14.13 billion) was being expected by the company for the quarter ended December. While this figure was…

Total Venture Capital Investments In U.S. In 2017 Reached $84 Billion, Driven By Unicorn Investments

According to the PitchBook-NVCA Venture Monitor, 2017 was the year when the highest yearly amount of capital invested in the entrepreneurial ecosystem was made since the early 2000’s in the United States. The report from the agency says that there were 8,076 deals involving 8,035 companies with a total amount of investment of $84 billion by…

Mobileye’s autonomous driving tech to be used by VW, BMW and Nissan Motor Co

In total Mobileye’s autonomous driving tech will be deployed in more than 2 million vehicles. Brian Krzanich, Intel’s CEO stated 2 million vehicles comprising those from the stable of Volkswagen AG, BMW and Nissan Motor Co Ltd, would be using Mobileye’s autonomous vehicle technology to crowd source data for building maps that enable autonomous driving.…

Facebook owned Occulus selects Xiaomi Technology as its hardware partner for its new Occulus Go headset

Powered by Qualcomm’s Snapdragon 821 chipsets, the Occulus Go is likely to ship to retailers in early 2018. Facebook owned Occulus stated it is partnering with Xiaomi Technology Co, a Chinese phone maker, to make its new standalone virtual reality headset. Oculus also disclosed that it will launch a version of its new product exclusively…

Samsung unveils autonomous driving and infotainment systems at CES 2018

These are truly exciting times for the auto industry: personalized driving, autonomous driving, infotainment systems, Samsung has them all covered. In a significant development that underscores Samsung Electronics Co’s plans in the auto electronics market, the South Korean giant unveiled its first series of components for autonomous driving and infotainment solutions which it co-developed along…

Intel creates “Intel Product Assurance and Security” to mitigate vulnerabilities in its chips

In an increasingly digital world, cyber criminals exploit vulnerabilities to gain access to critical resources to carry out their nefarious deeds. A Oregonian newspaper reported citing a memo sent by Intel Corp to its employees, that the chipmaker plans on creating a new internal cybersecurity group in the wake of recently disclosed vulnerabilities in its…

Cryptocurrencies are fuelling the North Korean economy

With tightening sanctions, China’s ally, North Korea, is increasingly banking on cryptocurrencies to infuse cash into its economy. In a development that marks the latest signs of North Korea’s search for ways to infuse its economy with cash, a California-based cybersecurity firm disclosed that it has come across software code that appears to install code…