The Chinese facial recognition startup has attracted loads of investor attention so far this year. On Friday, as per a Bloomberg report, SoftBank Group Corp’s Vision Fund intends to invest nearly $1 billion in Chinese facial recognition startup, SenseTime Group Ltd. SoftBank’s Vision Fund and SenseTime are finalizing the terms of the deal and the…
Once the Trump Administration’s $200 billion tariff list, which currently is in the public comment period, comes into play, U.S. consumers are likely to see a price hike in consumer goods that are assembled in China. According to U.S. government’s rulings on tariffs, the latest round of trade tariffs on $200 billion of Chinese imports…
Of the 250 banks that earlier allowed companies to transact in cryptocurrencies, only two are active. While much of the business has gone to Liechtenstein, Swiss authorities are bent on taking back the crown. Regulators in Switzerland are stepping up their efforts to halt the exodus of cryptocurrency projects from the country. Currently only two…
Although the ruling should provide smartphone makers the ability to develop phones based on Amazon’s Fire OS, Google limits the adoption of such forks, as termed in the industry, through its licensing model. Essentially, the ruling is not likely to significantly change Google’s licensing model and the revenues derived from it. With the European Union’s…
Although much of its core apps, including Google Search, email and appstore have been blocked in China, the launch of Caihua Xiaoge, a drawing game based on its image recognition technology, is aimed at gaining a toehold in the Chinese market. On Wednesday, in a development that underscores Alphabet Inc’s intention to re-enter China’s consumer…
With China’s Didi Chuxing Technology Co, launching its operations in Mexico in April 2018, Uber is under pressure to consolidate and expand its footprint in the remaining 11 Mexican states where regulations are not exactly friendly to ride-hailing services. In a move that marks Uber Technologies’ commitments to Mexico, the ride services firm disclosed it…
According to the largest aircraft maker in the world, within the next 10-15 years, China will surpass the United States in terms of air travel market which will induce a significant increase in demand for crafts, said Boeing’s commercial marketing chief, Randy Tinseth. The latest global industry report by Boeing claims that in the next…
The partnership will enable Wal-Mart to boost its online presence and tap into Microsoft’s repertoire of cloud services and advances in artificial intelligence technologies which could potentially enable it to provide customers at its brick and mortar stores cashier-less checkouts. On Tuesday, Walmart Inc, the world’s biggest brick-and-mortar retailer, disclosed it had entered into a…
In a landmark development that is aimed at streamlining, boosting efficiency and which introduces next-gen technology in the financial services sector, for the first time a government-led efforts along with players from the financial sector industry are collaborating to launch a blockchain-based trade and finance platform. The banking industry is known for its insistence on…
KKR’s investment will allow AppLovin to grow as it places systemic structures that will enable to become a public limited company. Private equity firm KKR & Co disclosed it will acquire a minority stake in AppLovin Corp for $400 million. The development comes in the wake of Washing forcing the U.S. mobile marketing firm to…
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