By DEE-ANN DURBIN AP Business Writer Two pioneers in restaurant delivery — Just Eat Takeaway.com and Grubhub — are combining in a $7.3 billion deal that will create one of the world’s largest delivery companies. Amsterdam-based Just Eat Takeaway.com said late Wednesday that it was acquiring Chicago-based Grubhub, snatching it away from ride-hailing giant Uber, […]
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By TOM KRISHER AP Auto Writer DETROIT (AP) — A new study says that while autonomous vehicle technology has great promise to reduce crashes, it may not be able to prevent all mishaps caused by human error. Auto safety experts say humans cause about 94% of U.S. crashes, but the Insurance Institute for Highway Safety […]
>By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Japanese technology company SoftBank Group Corp. racked up a loss of 961.6 billion yen ($9 billion) for the fiscal year through March, on red ink related to its Vision Fund investments including troubled office space-sharing venture WeWork. SoftBank, founded in 1981, said Monday the drop in […]
In an obvious move that makes clear its intention to be a leading actor in the nascent telco edge computing market, IBM revealed a series of new software solutions and applications which are designed to assist CSPs (Communication Service Providers) and enterprises to develop and execute their edge computing strategies, citing the “5G era” as […]
By BARBARA ORTUTAY, DEE-ANN DURBIN and MICHAEL LIEDTKE The Associated Press Just as the coronavirus outbreak has boxed in society, it’s also squeezed high-flying tech companies reliant on people’s freedom to move around and get together. Since the beginning of March, for instance, Uber shares have lost a quarter of their value. Rival Lyft is […]
Operators are ramping up offers that are intended to help their customers get through the current coronavirus pandemic. We know that the networks are overloaded through increased data but this industry is actually managing quite well with this. One other thing we need to see is whether services are financially possible for those people that […]
SoftBank to buy back $41 billion in assets to trim debt By ELAINE KURTENBACH AP Business Writer BANKGOK (AP) — The Japanese technology and telecoms company SoftBank said Monday it plans to buy back up to 4.5 trillion yen ($41 billion) of its assets as it seeks to trim its gigantic debt burden. The company’s […]
Amsterdam based MessageBird has been offering developers a cloud-based communication platform that simplifies the process of introducing chat and messaging functionality to their own apps by utilizing APIs. This saves companies the hassle of investing in costly hardware infrastructure if they want to use text and voice-based features in their own services. Recently, MessageBird introduced […]
By BOB CHRISTIE Associated Press PHOENIX (AP) — A dispute between ride-hailing companies and the city of Phoenix deepened on Monday, as Arizona state lawmakers introduced legislation that would bar raising fees on Uber and Lyft at Sky Harbor airport. The latest salvo in the growing fight is an attempt by state lawmakers to keep […]
By MICHAEL LIEDTKE AP Business Writer SAN FRANCISCO (AP) — General Motors’ self-driving car company will attempt to deliver on its long-running promise to provide a more environmentally friendly ride-hailing service in an unorthodox vehicle designed to eliminate the need for human operators to transport people around crowded cities. The service still being developed by […]