On Monday, South Korean restaurant owners expressed concern over food delivery giant Delivery Hero’s $4 billion planned acquisition of its local rival, Woowa Brothers, subject to regulatory approval. The move could undermine competition and lead to higher fees feel South Korean restaurant owners. In December 2019, Delivery Hero, the second-largest food delivery app operator in…
Salesforce sees synergy in the deal as it would help it accelerate the growth of its Service Cloud platform. On Thursday, U.S. cloud-based service provider Salesforce stated, it has signed an agreement to acquire ClickSoftware, an Israeli software developer, for $1.35 billion in cash and shares. The acquisition of ClickSoftware, which makes cloud-based field service…
The development is significant since typically buyout funds focus on physically infrastructure. In contrast Digital Colony’s fund illustrates how investors are now seeking assets that support the digital economy. According to sources familiar with the matter at hand, private equity firm Digital Colony, which has the backing of U.S. real estate investor Thomas Barrack, has…
Along with the launch of its Kunpeng 920 chipset, Huawei has launched servers which will house the Kunpeng 920 chip. Incidentally, Huawei has a long term partnership with Intel. On Monday, in a significant development, China’s Huawei Technologies Co Ltd launched new server chips that is aimed at reducing its imports and reliance on U.S.…
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…
China wants to attract talent in AI areas of biometric identification, cloud computing, big data and deep learning and wants to apply them in military technology in order to gain a leverage over the United States. China is pushing ahead to fulfill its ambition of becoming a world leader in Artificial Intelligence by 2025 and…
The coming age of autonomous self-driving vehicles have necessitate close collaboration between tech companies and automakers. Toyota Motor Corp along with Intel and other tech and auto companies have formed a consortium to create an ecosystem that will cater to big data for the upcoming connected car market. The Japanese carmaker also mentioned that…
