$20.3 million was raised in an investment round led by Samsung’s investment fund by Afero, a start-up that describes itself as the “nervous system” sitting in the middle of the internet of things (IoT) world. The investment which was led by Samsung Catalyst fund, and joined by Presidio Ventures, Sanshin Electronics, SoftBank, Fenox Venture Capital,…
Aiming to pave the way for two rival liquefied natural gas projects led by global majors to work together in Papua New Guinea, Australia’s Oil Search Ltd agreed a $2.2 billion deal to acquire InterOil Corp. Thanks to its high quality gas and low costs PNG is considered one of the best locations for LNG…
The elegant design could be crucial for those who have an issue with mobility. A team of engineers from Harvard University’s Wyss Institute for Biologically Inspired Engineering have come a step closer towards making a exosuit which could potentially help those afflicted with lower limb disabilities walk again. The Wyss Institute has announced that it is…
With a rise in demand, more funds including debt will be required says Musk. Earlier in May when Tesla was talking about its earnings from the last financial year, the question on everyone’s mind was – how will the company afford to make hundreds of thousands of Model 3s given its cash position. The answer…
As Samsung looks to expand its footprint in the world’s second-largest economy, the South Korean company has struck a partnership with Alipay, China’s biggest payments service that is run by Alibaba affiliate Ant Financial. Alipay at resent is placed as a separate app on devices. When a customer goes to pay for something in-store, they have…
In order to meet strong demand for the electric car maker’s upcoming Model 3 sedan, Panasonic Corp is prepared to move up its investment plans for Tesla Motors Inc’s battery plant, an executive at the Japanese electronics group. “We will do our best to move up the schedule if requested,” Yoshio Ito, head of Panasonic’s…
Artificial Intelligence, machine learning are intrinsically linked to Google. So much so that it custom built a TPU for this very purpose. Although earlier Google has built hardware for its data centres, but to actually go ahead and design a customized processor for its own is perhaps an indicator as to the extent the search…
Signal is a high quality ‘Snowden approved’ high quality end-to-end encryption used by many messaging service, including WhatsApp. Have you noticed the increased privacy in Google’s Allo? You will be glad to know that the service makes use of the Signal protocol so as to ensure end-to-end encryption when you go into Incognito Mode. Open…
Although Samsung is typically fashionably late to the party, the introduction of this service is welcome news. If you are looking to reduce the bulk of your wallet by using Samsung Pay, you may be in store for good news, as Samsung Pay now supports loyalty and membership cards in the U.S. So now you…
As the U.S. tech titan – Apple, stumbles in its biggest offshore market – China, security of its users were stressed by the head of China’s industry and technology regulator in a meeting with Apple Inc’s chief executive in Beijing. Having faced by a flurry of problems in China, from weakening smartphone sales to the…
