Tiger Global Management hedge fund led the funding round along with existing investors Coatue Management and Valiant Capital. As per a source familiar with the matter at hand, Grocery delivery startup Instacart has raised an extra $271 million in its latest funding round to $871 million with U.S. hedge fund Tiger Global Management leading the…
The development underscores VW’s near-long term strategy post 2020. Volkswagen’s Chief Executive Herbert Diess told Automotive News, the carmaker is likely to build up to 50 million electric cars on its new electric vehicle platform. VW is also looking to expand its manufacturing footprint in the United States. “We set up the plant in Chattanooga…
Analysts expect the newer iPad Pros, which will compete with Miscroft Surface, to have thinner bezels and thus more screen space along with facial recognition tech, much like the ones found in Apple’s latest iPhones. Apple Inc is largely expected to unveil its latest updates to its Mac computers and iPads which will include facial…
Although the new innovation center does not aim to replace Walmart’s internal research lab, it nevertheless aims to be the test bed for emerging technologies which when mature will filter down the company’s other stores nationwide. Sam’s Club, a unit of Walmart Inc, stated it will open a new store and innovation center in Dallas,…
The German carmaker is preparing to transition from producing combustion engine powered vehicles to battery powered electric vehicles. Automotive giant Daimler AG stated, it will commence the building of a battery plant as part of its planned $1 billion investment to upgrade its factory in Tuscaloosa, Alabama. The development comes in the wake of this…
The hike in 29% unplanned investment is due to rising cost of equipment. In a development that underscores a potential increase in demand for memory chips, SK Hynix Inc stated it would invest $17.8 billion (20 trillion won) in a new memory chip manufacturing plant which will open on Thursday in South Korea; the amount…
With the news reaching the market, shares of Japan display have fallen while those of LG Display have surged upwards. As per a report by South Korea’s Electronic Times, Apple Inc has opted to use OLED screens in all of the 3 new iPhone models that it plans on releasing in 2019. With the news…
In a significant shift in its patent licensing strategy Qualcomm’s licensing chief stated its new licensing model is aimed at winning customers and easing regulatory concerns. In a strategic change of tactics, Qualcomm Inc’s patent licensing chief stated, the company has broadened its licensing model in order to lower licensing costs for the next generation…
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