Company News

Tesla Nearing Level Five Autonomous Driving Technology

Leading electrical vehicle manufacturer Tesla Inc. (TSLA) is very close to achieving level five autonomous driving technology. The company’s founder and CEO Elon Musk made the sentiments giving reference to the ability of their cars being able to navigate roads without any assistance from a driver. “I’m extremely confident that level 5 or essentially complete […]

Amazon Will be Using AI to Enhance Social Distancing Among Workers

Leading e-commerce company Amazon Inc. (AMZN) has announced that it will be using Artificial Intelligence to enhance social distancing among its employees especially those working in the warehouses. The company said this during an event where it unveiled an artificial intelligence tracking system set to assist in enhancing social distancing among warehouse and office employees […]

Facebook Staff Pressure Zuckerberg to Restrict President’s Trump Inciting Posts

Facebook Inc. (FB) employees working from home due to the pandemic took on Twitter to pressure their boss Mark Zuckerberg to put restriction on what they term as inciting posts from U.S President Donald Trump which are doing rounds on various social media platforms owned by the company. Most of them who include top management […]

Volkswagen Finalizing Deals With Two Chinese EV Companies

German based and world leading automaker Volkswagen AG (VOWG) is in the brink of sealing deals with two Chinese electric vehicle companies namely Anhui Jianghuai Automobile Group Holding and an EV battery manufacturer Guoxuan High-tech Co Ltd (002074). Sources have revealed that Volkswagen is set to part with 3.5 billion yuan ($491 million) to acquire […]

Daimler Will be Investing in Farasis Upcoming IPO

The parent company of world leading automaker Mercedes Benz, Daimler AG (DAIG) has made public its plan to invest in upcoming initial public offering of China based electric vehicle battery manufacturer Farasis Energy. The decade old company is looking forward to go public later in the year, from where it expects to fetch 3.4 billion […]

Alibaba Investing $1 billion in Smart Speakers

Chinese based e-commerce giant Alibaba Group Holding (BABA) announced it will be pumping a $1 billion (10 Billion Yuan) investment into an artificial intelligence (AI) and Internet of Things (IoT) revolving around its Tmall Genie smart speaker. For some time now Alibaba has been giving special attention to new technologies and other business ventures apart […]

TikTok Poaches New CEO From Walt Disney

China based video sharing social networking platform TikTok has poached Chief of streaming in mass media and entertainment company Walt Disney Co. (DIS) Kevin Mayer as its new Chief executive officer. TikTok which is owned by China ByteDance Technology Co announced the news further clarifying the incoming CEO will be assuming office in June 1. […]

Sony Develops World’s First Image Sensor With Integrated AI

Japan based Sony Corporation (TYO: 6758) has announced having developed first image sensor with an integrated artificial intelligence (AI) processor in the world. Sony claims this image sensor is capable of scanning barcodes, monitor drowsiness of a driver and it can determine size of a crowd. All this will be captured in one chip. “As […]

Coronavirus Pandemic Pushes Intelsat into Bankruptcy

Luxembourg based satellite company Intelsat Corp SA. (I) announced that it had filed for chapter 11 bankruptcy earlier in the week. The tech company says coronavirus pandemic is the main reason it decided to seek bankruptcy protection. The bankruptcy was filed in the U.S. Bankruptcy Court for the Eastern District of Virginia. Under the filling, […]