As volatility climbs following a record-setting surge in the price, bitcoin was put on pace for its worst week since January 2015 after the digital currency sank as much as 19 percent. In intraday trading, the cryptocurrency has retreated to as low as $2,076.16 after flirting with $3,000 on Monday. There have bene fall in…
In order to better shield sensitive technologies seen as vital to U.S. national security, current and former U.S. officials told the media that the United States appears poised to heighten scrutiny of Chinese investment in Silicon Valley. The fields like artificial intelligence and machine learning have increasingly attracted Chinese capital in recent years and therefore…
The new fund will provide funding to both public and private firms for products that have already reached mid-stage Phase II clinical development, providing them with a new source of growth capital. In a move that underscores the wide net Google has cast across industries, the search engine giant has sunk in $300 million in…
The shared ledger technology is going to be a game changer for many industries. Here’s why. In a development that underscores the growing penetration of bitcoin technology, the American International Group Inc (AIG) has partnered with International Business Machines Corp (IBM) to develop a “smart” insurance policy which will use blockchain technology to manage complex…
With this development, self-driving cars are a step closer to retail reality. In a significant development, Alphabet’s self-driving car unit Waymo has disclosed it is retiring its Firefly line of test vehicles and is now moving on to integrating its technology into mass-produced vehicles. Initially, Waymo will move to equip its 600 Chrysler Pacifica minivans…
The Chinese have found weaknesses in CFIUS and are exploiting it to the hilt. As per current and former U.S. officials, the U.S. is poised to heighten the scrutiny on investments made by China in Silicon Valley in order to better shield sensitive technologies which are seen as vital to U.S. national security. In recent…
After bitcoin hit all-time highs, as appetite for digital assets continues to grow, ethereum prices also surged to record levels. According to data from industry website Coinmarketcap, the cryptocurrency was trading at around $407.10 in early Monday morning trading. Since Jan. 1, when ethereum was trading at $7.98, this is a record level which marks a…
The ruling will be closely watched by “patent trolls” and tech companies alike since both are frequent users of the ‘inter partes’ review system. On Monday, the U.S. Supreme Court agreed has agreed to take up the matter of whether a federal administrative process frequently used by technology companies to ward off patent infringement lawsuits…
It will release an electric version of the Kona next year. On Tuesday, in efforts aimed at offsetting its falling sale of vehicles in China, Hyundai Motor launched its first subcompact sport utility vehicle (SUV) for advanced markets including the Europe, South Korea, and the United States. The South Korean automaker disclosed it would soon…
It had been months that Varuni T.V., a business professor in India, had her eye on. And Finally, her dream device, a black iPhone 5S, a model Apple Inc. released in 2013, was finally bought by her at the end of May by the 34-year-old. “It doesn’t bother me that it is several generations old,” says Varuni,…
