Following Verizon, AT&T announced on Friday to conduct field test of 5G network by the end of this year. The fifth generation of mobile network will offer data transfer speed beyond current capacity in 4G network.
North America
Google Announced to Hire Manufacturing and Engineering Jobs for Autonomous Car Division
Alphabet Inc., the parent company of Google will expand its Google X Car project. The company announced to hire more expert in manufacturing and engineering to bring its self-driving car into the market.
Martin Shkreli Claimed He Was Scammed over Kanye West's New Album
The center of life-saving drug price hike controversy, Martin Shkreli tried to made himself in the news again. He claimed that he was scammed for $15 million for the new album of Kanye West "Life of Pablo."
Red Tape Barrier In Approving Orders By US May Force Boeing To Invest Significant Fund In F/A-18 Jet Program
Boeing has been reported to wait for approval pending with the US government regarding purchase of F/A-18 jets by the Navy and Kuwait. Delay in approving funds has become a growing concern. Further delay in rendering approval may compel in Boeing authority to decide hundreds of millions dollar fund to keep its Saint Louis plant operative.
US-Cuba Bilateral Relations Expected To Boost Up With Resumption of Commercial Flights After 50 Years
Anthony Foxx is expected to sign a deal in Havana on Tuesday. The deal will allow resumption of commercial flights between the two countries. All the major airlines are expected to take part in the bidding of commercial flights towards different destinations of Cuba.
Latest News
GPS technology company Garmin announced its acquisition of DeLorme on Thursday. DeLorme is well-known for its maps and satellite communication devices, and after the acquisition, it will serve as R&D center for Garmin.
Actev Motors introduces its new product: Arrow Smart-Kart, go kart for kids. The go kart was designed by professional racecar drivers with today's technology embedded in the Smart-Kart.
Slack Technologies co-founder Stewart Butterfield is confident that the company's technology has advantages over other messengers. It is because Slack provides a team communication app to improve teamwork.
Pandora Media Inc has engaged Morgan Stanley to facilitate the selling itself including identifying potential buyers. Pandora has been spending heavily to attract more number of users amid increasing competition in internet radio space.
The weakening Rupee against the US dollar and downfall on financial markets are not exceptional. The Indian currency is doing well as it's strengthening against other global currencies. Indian markets tumbled on Thursday as key indices Sensex and Nifty fell over three percent led by banking stocks.
Two prominent investors in Lyft Inc sold some shares to Saudi Arabia's Prince Al-Waleed bin Talal for $148 million. The latest deal puts Lyft's valuation at $5.5 billion from $275 million in May 2013.
Leigh Steinberg, the legend in sport agent, teamed up with Alpha Strategies for investment in tech startups. Steinberg has raised $50 million for investment fund.
GM is about to roll out yet another recall program, this time affecting 47300 vehicles in North America. The leading automaker has found issues with the brake nut that could lead to failure of this vital function. This is nowhere close to the first time the company called back its cars for some fix, and seems it won't be the last either.
Draper Fisher Jurvetson (DFJ) has raised another venture capital fund. The firm raised $350 million as its twelfth fund. DFJ is interested to invest autonomous transportation, digital health, enterprise transformation, and artificial intelligence.
