On Monday, in a statement Japan’s SoftBank Group Corp said, Nvidia Corp has agreed to acquire its chip designer Arm for $40 billion in a deal that is potent enough to reshape the global semiconductor industry. The acquisition places a vital supplier of Apple Inc and others under the control of a single player. The…
According to sources familiar with the matter at hand, TikTok’s owner, ByteDance has abandoned the sale of TikTok in the U.S. and is instead pursuing a partnership with Oracle Corp in the hope of avoiding a ban and at the same time appease the Chinese government. The development comes in the wake of U.S. officials…
United States based global retailers Amazon currently possess about 33,000 job openings for corporate and tech roles in the company. And part of that is expected to be filled up by the company through a Career Day which, the company has said, will be held on September 16. It ill be open for everyone who…
With consumers choosing to eat more at home because of closure of offices and schools classes online because of the novel coronavirus pandemic, United States based supermarket chain Kroger Co beat estimates of the market as the company forecast full-year same-store sales and profit on Friday. Kroger reported a 127 per cent increase in…
Society as el know it will not effectively be destroyed by his social media network, “hopes” Facebook’s CEO, Mark Zuckerberg. It was “just wrong” to think that Facebook is driven by conservatives, Zuckerberg also said in a new interview tpo the media. “I don’t think that the service is a rightwing echo chamber,” Zuckerberg told…
The working and efficiency of a new supercharger equipment developed and installed at its Berlin research campus was demonstrated by managers of the United States based electric car maker Tesla Inc on Thursday. The company said that more target cities were being looked at by it to attract potential buyers for this technology who are…
According to a report from Bloomberg citing sources with knowledge of the matter at hand, property technology startup Opendoor, is holding advanced talks to go public through a merger with blank-check company Social Capital Hedosophia Holdings Corp. The report states, Social Capital is negotiating with prospective investors to raise fresh equity to help fund its…
In a development that marks the setting up of infrastructure for electric vehicles, managers at Tesla demonstrated a new supercharger in a research campus at Berlin saying, they were looking to target more cities to install electric vehicle charging infrastructure to increase the traction of EVs for potential buyers. “Now, as part of our commitment…
With plans for making an investment in the United States worth $1.1 billion, British Petroleum (BP) is now venturing into the arena of offshore wind power for the first time. A 50 per cent stake in Equinor’s Empire Wind and Beacon Wind projects on the east coast of the United States will be acquired by…
Following uproar over the link of the Walt Disney film of “Mulan” having links with the Xinjiang region, major media outlets have been ordered by Chinese authorities not to cover the release of the film, said reports quoting information from sources. High hopes for the film making bog in China had been pinned by Disney…
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