Hyundai Motor Co invests undisclosed amount in ride-hailing firm Grab

The strategic move by Hyundai Motor marks a growing trends towards collaborating with strategic partners rather than develop technologies by itself. On Thursday, Hyundai Motor Co stated it has invested an undisclosed amount in Singapore-based ride-hailing firm Grab marking its first ever foray into the fast burgeoning sector as it tries to diversify its sales…

Miami-Based Immunity Inc. To Be Acquired By Cyxtera

Privately-held Immunity Inc would be acquired by Cyxtera Technologies, the secure infrastructure company. Announced of the signing of an agreement to this effect was made by the company on Wednesday. Offense-oriented systems vulnerability research¸ exploit development and penetration testing services is the main focus of Miami-based Immunity. The company was founded in 2002. The real-world…

Nvidia Corp issues preliminary security update for its graphics card affected by Spectre

The affected cards include Tesla, GeForce, Quadro, Grid and NVS. On Wednesday, Nvidia Corp confirmed that some of its chipsets have been affected by the Spectre vulnerability and that potentially hackers can exploit the bug by corrupting memory, bypass the operating system and steal the passwords of devices. Nvidia is in the process of providing…

Britain’s Information Commissioner’s Office imposes record fine of $539,400 on Carphone Warehouse

A 2015 hack at Carphone Warehouse had compromised the personal information of more than 3 million people. On Wednesday, Britain’s information regulator disclosed that it has imposed a fine of $539,400 (400,000 pounds) on Carphone Warehouse following the 2015 cyber attack which exposed the private data of more than 3 million of its customers. As…

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…