Uber aims to debut a flying taxi service in LA sometime in 2020. On Wednesday, Uber stated it has struck a deal with NASA to develop software for managing “flying taxi” routes in the air along the lines of ride-hailing services on the ground. This marks a milestone in Uber’s history since this is its…
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…
The R3 project is likely to be a significant milestone in the history for blockchain technology. On Tuesday, in a significant development, twenty two of the world’s biggest banks have come together to collaborate on developing an international payments system that would allow existing central bank currencies and any new digital ones to be transacted…
Samsung’s brilliant strategy had outflanked Qualcomm’s when it designed Qualcomm out of its smartphone without Qualcomm even knowing it until it was close to shipping time. According to two sources familiar with the matter at hand, Apple Inc’s upcoming iPads and iPhones are not set to feature chips from Qualcomm Inc. Sources preferred the cover…
Determined to not lose its license in London and in the UK, the ride services company has appointed a banking executive to better engage its UK team with the country’s authorities. In a strategic step, Uber has appointed Laurel Powers-Freeling, as its chairman for UK, its most important European market, as it readies itself for…
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,…
Among Western Digital concerns for blocking Toshiba’s NAND memory sale was that its direct competitors, Seagate Technologies and SK Hynix will gain access to proprietary information from the acquisition. Here is how these concerns have been addressed by Bain Capital. As per a documents from Bain Capital LP, the leader of the group that is…
Later today, GE and Microsoft are set to announce a deepening of their partnership revolving around GE’s industrial internet platform and Microsoft’s Azure cloud platform. As a result, GE will be in a better position to tap the vast majority of industries who use Microsoft’s software. A senior executive from GE has disclosed that…
Toyota believes hydrogen powered fuel cells technology is cleaner than its current alternative electric battery powered technology. Toyota Motor Corp has stated despite its “game changer” solid-state battery technology, currently under development, it will not give up on its hydrogen-powered fuel-cell vehicles. Toyota has invested for fuel-cell battery technology vehicles and plug-in hybrids since many…
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…
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