One of the most profitable producers of gold is of the view that by 2020, there would be a tightening of gold supplies globally which would push the gold industry at the edge of a cliff – that for an industry that is seemingly obsessed with containing costs and minimizing risks. Randgold Resources Ltd. Chief…
The new funding round, led by Alphabet’s CapitalG, saw its valuation boost by $500 million to $11.5 billion. As per U.S. share authorization documents filed in Delware, Lyft Inc is raising an additional $500 million in funding led by Alphabet Inc’s CapitalG. The new funding round is an extension of the $1 billion round that…
With Thailand’s central bank giving the go ahead, non-cash transactions are being adopted by even street vendors in Bangkok. Technology’s ubiquity has spread to even street food vendors in Bangkok where they are now accepting payments through Quick Response (QR) barcodes that can read by smartphones. Thailand, famous for its street stall that offer everything…
About 7,000 wing-manufacturing jobs at Wales would be put at risk duet Brexit uncertainties, as the United Kingdom is running the risk losing out its “crown jewels” of the aviation industry to China, Airbus has told British MPs. A shift of the business to Asia could be accelerated by reduced long-term investments due to reduced…
The case refers to alleged patent violations by Comcast on TiVo’s X1 set-top box. Comcast has said it will go on appeal. On Wednesday, the U.S. International Trade Commission (ITC) ruled in favor of Rovi Corp, now known as TiVo Corp, while prohibiting Comcast Corp from importing and selling certain types of Rovi’s Xfinity X1…
These systemic changes with potentially long term benefits, include the opening of a AI research center in an undisclosed location. On Wednesday, in a development of strategic longterm effect, Samsung Electronics Co Ltd disclosed it would be opening an artificial intelligence (AI) research center, as well as strengthen an executive role which will look for…
Despite the lure of a big market, foreign companies are finding it hard to operate in China due to its asphyxiating business climate. In yet another instance which showcases how difficult it is for foreign tech service providers to operate in China, Skype, Microsoft Corp’s internet phone and messaging service has been removed from app…
It is estimated that the global market for Artificial Intelligence (AI), would increase to .1 trillion by 2024 form 126 billion U.S. dollars in 2015, says a Transparency Market Research prediction. Billionaire investor Mark Cuban says, thanks to AI, “the upcoming decade will see the greatest technological revolution in history.” Since May of this year,…
The comeback of Detroit is seemingly entering a new phase as the once birthplace of the American auto industry and a steady producer of the manufacturing jobs which helped it to be identified as the Motor City, has been in decline for years now. And of places, an Indian automaker announced the setting up of…
Here is how how China Energy Fund Committee guided a Chinese oil and gas company to secure lucrative contracts in Chad. In a development that underscores the methods used to gain contracts, the U.S. has charged a man from Hong Kong as well as the former foreign minister from Senegalese for bribing high-level officials in…
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