VENTURE CAPITAL POST

After the talks between China and the United States have been completed, the underwater drone seized by a Chinese naval ship in South China Sea will be returned to the U.S.

China Agrees to Return Seized Drone, Ending Standoff, Pentagon Says

Infosys has invested an undisclosed amount to homegrown startup ideaForge from its Innovation Fund. ideaForge has been a known manufacturer of unmanned aerial vehicles in India.

Switzerland receives about 1000 emergency calls from hikers every year. In order to create a technology that could give a faster response and search more effectively for lost or injured hikers, a group of researchers developed a software with a combination of Artificial Intelligence. The software enable drones to autonomously navigate forest areas and direct themselves to hiking trails.

The Drone Racing League already announce its first season that would take place in Miami this year. The league will involve only skilled pilots to compete in its six courses of races. The league hopes that they could be as big as NASCAR, Formula 1, or MotoGP.

South Korea fired several warning shots at a suspected North Korean drone on Wednesday. The incident took place at DMZ, in a border between the countries, a week after North Korean nuclear test.

The Federal Aviation Administration's drone registration task force will develop a simple and free national drone registration system. A government task force will create a three-step registration process, according to a report by ARS Technica.

World's biggest drone maker, the China SZ DJI Technology Company announced that they are planning to open its first flagship store in China. According to the announcement, the company will open a store in the heart of Shenzhen shopping center as soon as December before the shopping district get busier as customers preparing for a festive season.

Intel Capital had invested $60M in China-based drone manufacturer Yuneec International Co. to produce drones that would help the industry in the future. The chipset company also invested on Airware and PrecisionHawk.

Amazon.com Inc (AMZN.O) expects to have drone technology ready for package delivery operations by the time the Federal Aviation Administration finalizes drone regulations, an executive for the online retailer said on Wednesday.

U.S. aviation regulators are talking to drone makers and service providers about testing commercial drones that can fly beyond an operator's visual line of sight, currently banned for safety reasons, according to people with knowledge of the discussions.

Amazon.com Inc has won approval from U.S. federal regulators to test a delivery drone outdoors, as the e-commerce company pursues its goal of sending packages to customers by air, even as it faces public concern about safety and privacy.

Intel Corp on Monday awarded $500,000 to a group of do-it-yourselfers who developed a wristband that converts to a camera-equipped drone to win a contest the chipmaker hopes will help guarantee it a leading position in the emerging market for wearable computing devices.

Logistics firm DHL is using a drone to fly parcels to the German island of Juist, in what it says is the first time an unmanned aircraft has been authorized to deliver goods in Europe.