Injong Rhee joins Alphabet Inc’s Google to head its IoT business

Injong Rhee played a significant role in Samsung’s Knox security system, Samsung Pay mobile wallet and its Bixby digital assistant. Injong Rhee, the former chief technology officer at Samsung Electronics Co has resigned from his job and has been hired by Alphabet Inc’s Google to head its Internet of Things (IoT) business. Google spokeswoman, Jane…

Google, Sequoia Capital China and Tencent Holdings Ltd participate in a $15M series B funding round of AI pharma firm XtalPi Inc

XtalPi uses quantum physics, AI and cloud computing to improve drug design processes. China’s Tencent Holdings Ltd along with Sequoia Capital China and Alphabet Inc’s Google have joined a $15 million series B funding round for XtalPi Inc, a Boston and Shenzhen-based artificial intelligence (AI) pharmaceutical firm. A statement by Google and XtalPi confirmed that…

Intel to issue another update for bugs in its latest update that targets the Meltdown vulnerability

This report is of particular importance to admins of data centers and cloud computing customers. For the IT Admins rushing to update their device drivers for Intel chips, Intel has let it be known that its recently issued patches can potentially cause computers with older Haswell and Broadwell processors to reboot more often than normal.…

China to invest $2.12 billion for Artificial Intelligence park in Beijing’s Mentougou district

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…

Samsung Electronics Co Ltd releases world’s smallest DRAM chip

The South Korean giant plans on shifting over the bulk of its chip production to this new 10-nanometre class in 2018 that is widely expected to be adopted in high data crunching areas including cloud computing, high-end smartphones, and GPUs. On Wednesday, in a development that widens Samsung Electronics Co’s technical lead over its peers,…

Ride hailing service Ola to collaborate with Microsoft for a connected car platform

Once developed, the platform will not be limited to just India but can be integrated with vehicle systems globally. On Tuesday, Bangalore-based Indian ride hailing service Ola disclosed that it has tied up with Microsoft Corp to build a new connected vehicle platform on Microsoft’s Azure cloud computing service to power its in-car entertainment offerings.…

With Toyota AI Ventures, Toyota aims to investment in technology revolving around AI, autonomous mobility, data and cloud computing

Although Toyota AI Ventures aims to spread its investments worldwide, Israel’s penchant for excelling in high technology areas has increasingly drawn global attention to its startups. Following Toyota Motor Corp’s venture arm leading a $14 million investment in Israeli robotics company named Intuition Robotics earlier in July, the Japanese giant is looking to further invest…

Cloud computing is the engine behind the phenomenal growth of the big 4 U.S. Tech firms

With an estimated market value of $14.4 billion for 2017’s third quarter, here is how the cloud computing is making a difference and becoming a phenomenon that is driving business growth. With the majority of big U.S. tech companies, including Alphabet’s Google, Amazon, Microsoft and Intel, sinking in big money in the cloud computing business,…

Fusion Telecommunications International acquires cloud and business services unit of Birch Communications

The move marks is part of a wave of consolidation taking place in the sector, as it strives to take on larger players. As per sources familiar with the matter at hand, New York-based Fusion Telecommunications International Inc, which has a market capitalization of $27.8 million is set to acquire the cloud and business services…