Adobe Systems Inc eyeing to acquire Marketo Inc for more than $1.8 billion

For Adobe the acquisition makes sense since Marketo’s expertise lies in its business-to-business marketing applications which would compliment its own. According to sources familiar with the matter at hand, Adobe Systems Inc is in negotiations to acquire privately held cloud-based marketing software company Marketo Inc. The deal will boost Adobe’s cloud offerings and improve its…

Toyota Group delves deeper into self-driving technologies

companies in the conglomerate are set to form joint ventures that will see them develop solutions for separate components of self-driving technologies. On Monday, four companies from the Toyota Motor Corp stated they would form a joint venture to develop software that manages components for self-driving technology including brakes, steering and others. In a joint…

China’s Tianjin plans on setting up a $16 billion fund for the AI industry

By 2025, China aims to displace U.S. dominance in the artificial intelligence industry. On Thursday, China’s news agency Xinhua stated, Tianjin plans on setting up funds worth $16 billion (100 billion yuan) to support the artificial intelligence industry. By 2025, China wants to become the world leader in artificial intelligence and displace the United States…

Continental joins Intel, BMW and Mobileye led self-driving platform

This collaborative effort will shift into production gear in 2021. On Tuesday Continental disclosed it would be join the self-driving platform pioneered by Intel, BMW and Mobileye in efforts aimed at integrating the handling of components and software. This integration of hardware and software data has accelerated the pace of development of self-driving vehicles and…

“Geohot” releases code for the Comma.ai self-driving technology

A commendable opensource effort, the code can be used by any developer anywhere in the world to learn and understand the code that drives the underlying technology of self-driving cars. Although “Geohot” George Hotz’s Comma One, semi-autonomous driving add-on, did not work as per plan, the underlying technology however is likely to see the light of…