Samsung Electronics announced that it will produce the latest Qualcomm processor. The Qualcomm Snapdragon 820 will be mass produced using Samsung technology.
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UK technology sector mobilizes $3.6-bln VC in 2015
The UK-based technology firms mobilized $3.6 billion (£2.5 billion) funds from venture capitalists (VC) in 2015 and this is 70 percent higher than $2.1 billion in 2014. London technology companies accounted for more than half of the mobilized VC funds. The increasing investor appetite for technology startups and fintech firms has been the main factor that propelled the VC funding.
Anaplan mobilizes $90 mln in latest VC round
The San Francisco-based cloud software company Anaplan has closed the latest round of VC funding to the tune of $90 million giving a valuation of the company at $1.09 billion. The latest investment round was led by Indian firm Premji Invest.
Global solar energy firms bid for projects in Australia
Several firms from Canada, China and Europe among 77 renewable energy firms have submitted bids for solar projects in Australia. The Australian Renewable Energy Agency (ARENA) has shortlisted 22 projects, which will have capacity of 766 megawatts at combined project cost of $1.68 billion. The solar energy projects developers will also receive a grant of $30 million for each project from the Australian government.
Tata Steel bonds at record low as S&P downgrades
Standard & Poor's (S&P) has downgraded credit rating of Tata Steel's bonds. S&P cited reasons such as the poor operating performance and high leverage at Tata Steel for downgrading. Indian steel industry is suffering from glut in production and surging imports.
Latest News
Google’s product management VP, Clay Bavor, is appointed as the head of its newly created virtual reality (VR) computing division, showing that the tech company is now taking aggressive moves in the VR industry.
Self-driving car manufacturers submitted their first disengagement reports to California’s Department of Motor Vehicles.
The operator of Turkey’s busiest airport, TAV Havalimanlari Holding AS, is in talks to invest in businesses in the Philippines and Belgrade.
Aston Martin confirms a brand new 5.2-litre, twin-turbocharged V12 engine through a video posted online.
California Lottery Association announced Wednesday that the winning ticket for the $1.5 billion Powerball lottery is in Chino Hills in San Bernardino County.
The FDA advisory panel has approved the use of an implant to help treat patients who are addicted to opiods. The implant will administer the drug slowly over a period of six months, but those opposed to the decision say that there are still problems with the implant that should be addressed before becoming approved for public use.
Uber has changed its driver recruitment policy and advised the previously rejected applicant seeking for drivers’ job to take the benefit of proposition 47. This law allows nonviolent criminal offenders to downgrade their offence level to misdemeanor through submitting applications. Uber’s effort is believed to benefit the released inmates who aim to rebuild their lives.
GoPro Inc., Sun Mateo, California based company is going to cut 7% people out of its 1500 employees following poor sales revenue in Q4. Some technical issues have been blamed for sluggish sales during the fourth quarter from the action camera maker’s behalf. But the company axes over the employees to restructure expenses. However, analysts presume, the fall in sales revenue may not be up to that magnitude.
Like other tech giants, Shape Security Inc., ‘Botnets’ security service provider has been eyeing to enter into Chinese ecommerce market since long. Inclusion of Beijing based investor, Northern Light and raising sufficient funds for spreading elsewhere- appear as two contributing factors. These factors have led Shape to penetrate the world’s largest ecommerce zone.
