With many countries deciding to ban China’s Huawei from providing 5G equipment for their national grid, Nokia is likely to benefit from such market opportunities. On Thursday, Finnish telecom giant Nokia stated it will merge its mobile networks as well as fixed networks business groups into a new unit called Access Networks. The reorganization comes…
According to media reports, Alibaba Group Holding Ltd has been put in a ‘down round’ investment by China’s Babytree Group, which is a parenting website operator, because of the later’s decision to price its Hong Kong IPO at the bottom of a marketing range which has reduced its valuation. Alibaba is an investor in the…
Ceconomy is Europe’s biggest consumer electronics retailer. On Wednesday, Freenet, a German telecom company stated, it continues to remain committed to its investment in Ceconomy, Europe’s biggest consumer electronics retailer. Its commitment is despite issues which prompted the departure of its chief executive last month. “I still believe in the company,” said Christoph Vilanek, Freenet’s…
All 3 Chinese startups will base themselves on Nvidia’s Xavier platform which will allow them to add specific software to adapt their vehicles to local traffic and infrastructure situations. On Wednesday, U.S. chipmaker Nvidia Corp’s CEO Jensen Huang stated, the chipmaker has signed separate deals with 3 Chinese electric vehicle startups, SF Motors, XPeng Motors…
Google is beefing up its presence in Denmark. This development marks the second purchase of a plot by Google in as many years. On Tuesday, the Danish unit of Alphabet Inc’s Google announced, it plans on investing $690 million (4.5 billion Danish crowns) to build a new data center in Fredericia, Denmark. The announcement comes…
The warehouse, first of many, will house a hive a robots that can pull together a 50-item grocery order in as little as 5 minutes, thus saving labor time. In a strategic development, Kroger Co has selected Cincinnati for the first of its twenty high-tech warehouses it plans on building with its UK-based Ocado Group…
Apple has once again slashed production plans for its brand new iPhone XS, XS Max and the XR models. The holiday shopping season in the U.S. is crucial to boosting third quarter sales. As per a report from the Wall Street Journal, Apple Inc has cut production for all three iPhone models that were launched…
SAP’s CFO, Luka Mucic stated, the German business software firm will be able to scale up growth and profitability at Qualtrics. On Friday, SAP’s Chief Financial Officer, Luka Mucic stated, the German business software company expects its margins to continue to expand despite its $8 billion acquisition of U.S. online consumer sentiment tracking company Qualtrics.…
As of September 29, 2018, Intel had reported that its share buyback warchest had a balance of $4.7 billion. U.S. chipmaking giant Intel Corp has disclosed, its board has approved a $15 billion increase in its share buyback program. As of September 29, 2018, Intel had reported that it had $4.7 billion remaining under its…
The global crypto currency market again dropped this week triggered by a fall in bitcoin. Since the beginning of the year, there has been a constant drop in the crypto value across various digital currencies. The crypto currency fell to its lowest in over a year and dropped below the critical support level of $6,000.…
