Hyundai Motor Group acquires 80% stake in Softbank Group-owned Boston Dynamics

According to a source familiar with the matter at hand, Hyundai Motor Group has agreed to acquire a 80% stake in Boston Dynamics from SoftBank Group in a deal worth around $736 million to $828 million (800 billion to 900 billion won). The development assumes significance since Hyundai can leverage the technology to expand automation…

China kickstart research into 6G technologies

In February 2019, Trump had urged U.S. companies to increase their research spending on 6G or be left behind. In a news bulletin that was published by China’s Ministry of Science and Technology, China officially announced that it has started researching sixth-generation telecoms technology. Officials from government ministries and research institutes met this week to…

BMW & Tencent to launch computing center for self-driving cars in Tianjin

The computing center is of strategic importance since it will provide self-driving cars the required computing power to analyze real-time data including road and traffic conditions. On Friday, BMW stated, it is partnering with China’s Tencent Holdings to launch a computing center in China which will help develop self-driving cars. The computing center is expected…

BlackBerry files patent infringement lawsuit against Twitter

The lawsuit is in the same line as those it filed against Facebook and Snap last year. BlackBerry Ltd has filed a patent infringement lawsuit against Twitter alleging that it illegally used technology that it developed on its mobile messaging applications. The lawsuit states, Twitter wrongly sought to compensate for being a “relative latecomer” to…

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…