Amazon.com and Alphabet’s Google fought for market share this holiday shopping season

Analysts opine that consumers would largely prefer mid ranged priced smart speakers over one that costs hundreds of dollars. According to analysts, both Amazon.com and Alphabet Inc have heavily discounted their virtual assistant speakers during the U.S. holiday shopping season such that they have lost many dollars per speaker sold. The development underscores a sharp…

China to invest $2.12 billion for Artificial Intelligence park in Beijing’s Mentougou district

China wants to attract talent in AI areas of biometric identification, cloud computing, big data and deep learning and wants to apply them in military technology in order to gain a leverage over the United States. China is pushing ahead to fulfill its ambition of becoming a world leader in Artificial Intelligence by 2025 and…

Weaponizing social media for intelligence gathering

Germany’s domestic intelligence agency has warned public officials on the risks of exposure while using social media. A wake up call. In a turn of events which underscores how social media is being increasingly weaponized by countries such as Russia and China, Germany’s intelligence service has published details of social network profiles which, it says,…

Requirements for technological skills are becoming a necessity across work levels and industry sectors in the U.S.

The report by Brookings Institution is an eye opener. Brookings Institution, a Washington think tank, has conducted a study which concludes that digital tools are increasingly playing a pivotal role in transforming every workplace across industries in the U.S. According to the study, the usage of digital tools has increased dramatically in 517 of 545…

Qualcomm invests undisclosed amount in Chinese AI startup SenseTime

Companies across the global are pushing the advance of AI-based deep learning for facial recognition technology. The multi-billion dollar industry is seeing rapid adoption by China as it tries to enforce a rigid framework on its citizens much like its firewall which limits its citizens’ usage of the internet. On Wednesday, the SenseTime Group, a…

China aiming to tap international market for its homemade passenger jets

On October 17, the U.S. and China signed an agreement that allows regulators on both side to certify design, production and air worthiness of its airplanes parts and passenger jets. On Thursday, China’s aviation safety regulator stated it has recently signed an agreement with the U.S. aimed at streamlining the certification of aircraft parts and…

Softbank secures$23.3 billion refinancing loan for ARM and Sprint Corp

The loan is to refinance loans taken by Sprint and ARM for acquisitions.   On Thursday, Japan’s SoftBank Group Corp said it has secured a $23.3 billion (2.65 trillion yen) loan agreement to re-finance the acquisition loans for British chip designer ARM and U.S. telecommunications Sprint Corp. The loans have a maturity date of Sept…