While the automotive industry typically takes years of planning to place its assembly lines, Tesla accomplished the task in 2 weeks. According to an employee from Tesla Inc, the carmaker’s CEO Elon Musk, is doing all he can, even if it is disrupting the production of the Model S and X, in his drive…
The israeli startup uses advance mathematics in machine learning and artificial intelligence technologies to help financial institutions identify the earliest signs of money laundering. On Tuesday, Israel’s ThetaRay stated, it has completed a funding round in which it raised more than $30 million, bringing the total amount it raised to date to more than $60…
The wide-ranging partnership expands the Bollore Group’s and Alibaba’s logistics network such that it can help diversify their respective customer base. On Monday, Vincent Bollore, the CEO of French conglomerate the Bollore Group stated it had signed a global partnership with Chinese e-commerce giant Alibaba. In a statement, both companies said, their partnership covers clean…
Beijing-based, Cayman-domiciled Xiaomi priced its IPO at $2.17 – the bottom end of its indicative range. On Friday, sources close to Xiaomi Corp’s Hong Kong initial public offering (IPO) disclosed, the Chinese firm priced the IPO at the bottom of an indicative range, of HK$17 to HK$22, and raised $4.72 billion. Xiaomi is selling around…
Much of the U.S. government’s stance can be traced back to a report prepared by the U.S. Department of Defense, which warns of Chinese venture investors accessing “the crown jewels of U.S. innovation.” Although the U.S. Administration is pushing to protects national security interests by blocking Chinese investments in the field of artificial intelligence, machine…
UK’s largest electric charging network, Chargemaster, is being bought by oil giant BP for £130 million. Earlier this year, BP had said that it expects renewable energy to be the fastest-growing source of fuel despite the company operating 1,200 petrol forecourts. The company said that there would be a rise in the number of electric…
Its investors include KKR & Co, AllianceBernstein and Baillie Gifford. Lyft has a market share of 35% in the U.S. Following a funding round in which it raised $600 million, Lyft Inc said the its latest funding round was led by Fidelity Management which saw the ride-hailing firm’s valuation jump to $15.1 billion in little…
The partnership aims to collect data from vehicle communication, crash detection, and diagnostics and provide big-data analytics to corporate clients, insurers and emergency responders. In a statement, German auto supplier Robert Bosch GmbH and Canadian startup have said, the two firms have teamed up to collaborate on a wide spectrum of digital services in the…
The first small-scale public trial would be conducted for the robotic calling service Google which is able to speak to humans to undertake activities like making a reservation or setting an appointment. The company said that the system will make a few calls in the next few weeks to some businesses. Google did not provide…
It is most likely that a male would be sitting behind the wheels when one orders a taxi in most parts of the world. That perception is being attempted to be change by the Uber’s rival in the Middle East – Careem. And that too in a society that is amongst the more conservative in…
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