The development is significant since it marks an acceleration in the banding of automakers in an industry which is placing growing emphasis on offering vehicle services rather than selling cars to individual drivers. On Friday, five Japanese automakers including Mazda Motor Corp and Suzuki Motor Corp, stated they would be investing 2% of their revenues…
The acqui-hire will bring engineering talent to Apple’s own efforts at self-driving technology. Apple Inc has confirmed that it has acquired Drive.ai, a self-driving shuttle startup. Earlier this month, media reports had emerged that Apple was considering the acquisition of the firm as a move to bring aboard some of its engineering talent to boost…
In a world first, France is set to emerge as a clear frontrunner in the quest to regulate online hate speech and fake news. In a significant development that marks changes in Facebook’s behavior, the social media giant has agreed to hand over the identification data of French users suspected of hate speech on its…
Elon Musk, SpaceX’s CEO, described the launch as one of the most challenging in the company’s history. On Tuesday, in a significant development which Elon Musk described as one of the most difficult in the company’s history, SpaceX’s Falcon Heavy rocket lifted-off from the Kennedy Space Center in Florida carrying 24 experimental satellites. The text-book…
Nokia should be able to gain stronger traction in the 5G race, given the impact of the U.S.-China trade war on Huawei. According to Markus Borchert, Nokia’s president of Greater China, Nokia Oyj is not immune from the U.S.-China trade war. “The uncertainty has impacted the investor community and the economy at large. At Nokia…
The effort by Futurewei Technologies Inc appears to be aimed at obfuscating its link with its Chinese parent Huawei Technologies Co Ltd. It continues to be owned and funded by its Chinese parent. According to two sources familiar with the matter at hand, the U.S.-based research arm of China’s Huawei Technologies Co Ltd, Futurewei Technologies…
U.S.-Israeli cyber security firm Cybereason has been investigating these hacking attacks by Chinese hackers for the last 9 months. On Tuesday, researchers from a cyber security company Cybereason stated, Chinese hackers have broken into the systems of more than a dozen global telecoms companies and have stolen large amounts of personal and corporate data. According…
The Trump administration is exploring rules that will require all 5G cellular equipment destined for the United States to be designed and manufactured outside of China. According to a report from the Wall Street Journal, U.S. President Donald Trump is looking to require next-generation 5G cellular equipment used in the United States to be designed…
Serai aims to be the LinkedIn for global trade which links manufacturers to component suppliers. In a significant development, HSBC Holdings Plc is backing the launch of Serai, a Hong Kong-based technology startup that aims to “connect small-and-medium-sized manufacturers with component suppliers in different parts of the world as part of its trade banking push”.…
Online sales are forecast to grow at 43.8% to 16.7 billion pounds in the next five years. On Thursday, researcher IGD forecast, Britain’s food and grocery industry, driven by the online and discounter channels, is set to grow by 12.5% to $272.8 billion (217.7 billion pounds) by 2024. Online will be the fastest growing channel…
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