Artificial Intelligence will be pervasive in the coming years with its ubiquitous usage touching nearly every aspect of our day-to-day lives. In a significant development, U.S. chipmaker Qualcomm Inc has set up Qualcomm Ventures AI Fund, a $100 million fund, that will invest in startups working on artificial intelligence technologies. Qualcomm Ventures AI Fund has…
Microsoft won the contract through an auction process which saw the participation of tech companies, including Magic Leap. The U.S. Army has awarded Microsoft Corp a $479.2 million contract to supply prototypes for the Army’s augmented reality systems which will help soldiers in training and combat missions. The U.S. Army has posted the awarded contract…
The move is significant as it marks Amazon.com’s growing ambition to tap contracts from the U.S. Department of Defense. Amazon.com Inc, the world’s biggest online retailer and also the world’s top cloud computing company, stated it was starting a new antenna service for uploading and downloading data from satellites; the move underscores its efforts to…
The security incident occurred at Atrium Health’s third-party provider AccuDoc Solutions. In yet another massive data breach, Atrium Health, previously known as Carolinas HealthCare System, stated data of nearly 2.65 million patients, including their dates of birth, addresses, and social security numbers, may have been compromised at its third-party provider AccuDoc Solutions. Incidentally, Atrium provides…
The Government Communications Security Bureau has effectively banned Huawei Technologies Co Ltd’s 5G equipment from New Zealand citing significant risks to national security. On Wednesday, Spark New Zealand stated, the Government Communications Security Bureau has declined its proposal to use Huawei Technologies Co Ltd’s 5G equipment citing significant risks to national security. This decision effectively…
Tesla has been facing some serious headwinds in selling its models in China. The price cuts should add to the allure of its models. In a strategic decision, Tesla Inc stated, it is slashing the price of its Model S and Model X cars in China in order to boost their sales that potentially have…
The strategic decision comes a day before Black Friday and the crucial holiday shopping season in the U.S. On Thursday, Amazon.com Inc, the world’s largest online retailer, stated it would no more block Australian shoppers from accessing its U.S. site. The development comes midst a customer backlash in the world’s 12 biggest economy. Australian shoppers…
With many countries deciding to ban China’s Huawei from providing 5G equipment for their national grid, Nokia is likely to benefit from such market opportunities. On Thursday, Finnish telecom giant Nokia stated it will merge its mobile networks as well as fixed networks business groups into a new unit called Access Networks. The reorganization comes…
Ceconomy is Europe’s biggest consumer electronics retailer. On Wednesday, Freenet, a German telecom company stated, it continues to remain committed to its investment in Ceconomy, Europe’s biggest consumer electronics retailer. Its commitment is despite issues which prompted the departure of its chief executive last month. “I still believe in the company,” said Christoph Vilanek, Freenet’s…
All 3 Chinese startups will base themselves on Nvidia’s Xavier platform which will allow them to add specific software to adapt their vehicles to local traffic and infrastructure situations. On Wednesday, U.S. chipmaker Nvidia Corp’s CEO Jensen Huang stated, the chipmaker has signed separate deals with 3 Chinese electric vehicle startups, SF Motors, XPeng Motors…
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