SoftBank Group Corp’s Vision Fund is seeking to invest almost $1 billion in SenseTime Group Ltd, a Chinese facial recognition technology developer, Bloomberg reported.
Hardware, News
Toshiba, Western Digital settle legal dispute over $18B chip unit sale
According to reports, both firms have agreed to withdraw all claims against each other which ensures "all parties are aligned" on the sale to a consortium led by Bain Capital.0 2714
Japanese cryptocurrency exchanges ordered to improve business
Japan’s financial regulator said on Friday it has ordered cryptocurrency exchanges including bitFlyer, one of the country’s biggest, to make …
AI system to provide UAE patients quicker access to neuro-therapists
Students and researchers at the United Arab Emirates University has developed a new artificial intelligence-powered technology enabling people easier and quicker access to neuro-therapists.
Intel calls on AI community to enhance Tokyo 2020 Olympics
Intel has recently launched “The Intel AI Challenge for the Olympic Games” as a call for ideas from the developer community on how artificial intelligence can help to enhance the world’s largest sporting event.
Cryptocurrencies could revive the barter system: Texcent COO
Singapore-based fintech start-up Texcent has recently announced plans to launch a new payment platform, Paycent, in the region for cryptocurrency …
New CEO at Toshiba tasked with rescuing the chipmaker
Toshiba has appointed Nobuaki Kurumatani to lead the Japanese electronics firm that has been marred with finance scandals and crisis …
Japanese crypto exchange firm gets a slap on the wrist
Japan’s financial services agency has taken action against crypto exchange Coincheck and ordered it to get its act together after …
Saudi-backed Vision Fund invests in online car dealer
Japanese firm Softbank has agreed to invest €460 million in Berlin-based online car dealer Auto1 through its Vision Fund. In …
Quick charging hubs to drive Saudi Arabia’s electric vehicle push
State-controlled Saudi Electricity Co (SEC) has inked a partnership deal with Japanese Tokyo Electric Power Co (TEPCO), Nissan Motor Co …
US government officially attributes WannaCry cyber-attack to North Korea
“After careful investigations, the United states is publicly attributing the massive WannaCry cyber-attack to North Korea,” said White House homeland security adviser Tom Bossert.