On Tuesday, Chinese smart vehicle supplier Shanghai PATEO stated along with General Motors Co’s local venture with SAIC Motor Corp it has filed a joint complaint against Chinese tech giant Tencent to China’s market regulator. In a statement, PATEO said Tencent abused its dominant messaging app’s market position to restrict sales of its products which…
In an interview, to Germany’s Wirtschaftswoche weekly magazine, Herbert Diess, Volkswagen’s CEO stated the carmaker expects autonomous vehicles to be ready for sale between 2025 and 2030. Improvements in artificial intelligence, as well as improvements in the performance of computer chips are speeding up the development of autonomous vehicles. “It is foreseeable that the systems…
In a statement, Alphabet Inc’s Google said, it plans on providing grants worth $1.1 million to help businesses in the Middle East and North Africa towards improvements of their digital skills as well as to get them connected to the internet. In a presentation, Google said, it will also provide $3 million in loans to…
The funding round saw the Alibaba Group making an undisclosed strategic investment in the startup. Optibus, a U.S.-Israeli mobility technology company stated, it has secured $40 million in a private funding round that was led by Insight Venture Partners and which saw a strategic investment from the Alibaba Group. Its existing investors, including Sir Ronald…
Investors are increasingly looking to reap in the benefits of cutting edge industrialization with hi-tech software prowess such as machine learning and artificial intelligence. No wonder, European Companies, including Siemens and ABB, have become a favorite among investors. Investment funds who are looking to reap rich rewards at the intersection of European efficiency and technology…
business-gurus.com 