Toyota, Intel, Ericson, Docomo and others create auto tech consortium

The coming age of autonomous self-driving vehicles have necessitate close collaboration between tech companies and automakers.   Toyota Motor Corp along with Intel and other tech and auto companies have formed a consortium to create an ecosystem that will cater to big data for the upcoming connected car market. The Japanese carmaker also mentioned that…

China makes a significant progress in quantum un-hackable communication

China’s space to ground key distribution system marks a significant step in quantum communication. In a significant development, China’s state media has disclosed that the PLA has sent an “unbreakable” code from a satellite to the Earth. This space to ground key distribution technology is a significant milestone in quantum satellite communication that will make…

Essential Product raises $300 million in new funding round

The founder of the startup smartphone maker is none other than the co-founder of the Android operating system. Its first $699 smartphone will feature ceramic and titanium casing. The co-creator of the globally used Android mobile operating system has launched a new startup, Essential Products, which has raised $300 million in new funding round. It…

Boeing wins $409 million contract to develop next-gen technologies

Boeing’s focus will be on developing thermal power and its corresponding control systems. The Pentagon has disclosed, Boeing Co has been awarded a a $409 million Air Force contract for developing next-generation thermal power and control systems as part of a government and industry joint effort to develop revolutionary and innovative technologies.

Bristol-Myers Squibb acquires IFM Therapeutics for $300 million

The purchase will bolster its cancer fighting pipeline. Drug manufacturer Bristol-Myers Squibb disclosed it would be acquiring privately held IFM Therapeutics for $300 million. The acquisition, backed by Novartis, will boost its cancer portfolio, since it will be able to access IFM’s preclinical cancer programs. Incidentally, IFM investors are also eligible to additional contingent payments…