In a statement Amazon.com said, it will install AI-powered video cameras in its branded delivery vans in order to improve the safety of both drivers and the communities in which it delivers. Recently Amazon has started rolling out camera-based safety technology across its delivery fleet. “This technology will provide drivers real-time alerts to help them…
Amazon has been able to temporarily block a multibillion-dollar deal between two of India’s biggest retailers after a major legal victory in an Indian court. Following a complaint by Amazon last year, an agreement by Reliance Industries to purchase local rival Future Retail for $3.3 billion has been put on hold on an order from…
In a statement, the U.S. Department of Labor said Alphabet Inc’s Google will spend $3.8 million, including $2.6 million in back pay, to settle allegations that it unfairly passed over women and Asians for job openings and underpaid women. The allegations stemmed from a routine compliance audit several years ago required by Google’s status as…
According to data, sales of semiconductors around the world has risen by 6.5% overall in 2020, with economic recovery during the last three months of the year helping to offset a sharp dropoff in March and April, when coronavirus-induced pandemic stay at home orders were issued by countries across the globe. The global sales of…
On Tuesday, Spotify Technology SA made its long-awaited debut in South Korea marking its entry into the sixth largest music market in the world. Spotify has a market presence in more than 90 countries and has entered into several new markets in the last two years including India, Middle East and Russia. It will have…
Billionaire investor Steve Cohen has deleted his Twitter account because of what he said were threats against him and his family, said his spokeswoman. He is seen by small investors as an enemy in the GameStop stock saga that happened earlier last week. “I’m going to take a break for now,” Cohen said on Twitter…
Xiaomi Corp has filed a complaint in a district court in Washington against the U.S. Treasury and Defense Departments, in an attempt to wiggle out of the U.S. Entity list. The Trump Administration has added select Chinese companies to a trade black list after its assessment that they are either owned or controlled or have…
According to three sources familiar with the matter at hand, SpaceX’s valuation could be a minimum of $60 billion as it finalizes a funding round which could close in February. SpaceX’s latest funding round is expected to price each share between $325 and $350. Details of the deal are still being ironed out, said sources…
U.S. sanctions against China’s Huawei have hit their marks: its smartphone shipments have fallen by 4% during the December quarter, according to shipment data. According to data from research firm Canalys, Huawei’s market share in China slumped to 22% from 38% in the year-ago quarter. However, it continues to remain the market leader with a…
In a significant development, General Motors Co said, all of its new cars, including light pickup trucks, and SUVs will have zero tailpipe emissions by 2035. The development marks a significant shift away from diesel and gasoline powered engines by the biggest U.S. automaker. GM has also said, it plans on becoming carbon neutral by…
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