The Nasdaq was set to extend gains for the fourth straight session on Wednesday, following a turbulent start to the year, as Google-parent Alphabet and chipmaker Advanced Micro Devices’ shares surged after strong quarterly results. Alphabet Inc rose 8.2 percent after reporting record quarterly sales on Tuesday, and said it plans to undertake a 20-to-one […]
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Self-driving vehicle companies from Tesla Inc to General Motors Co’s Cruise are racing to start making money with their technology, outrunning efforts by regulators and Congress to write rules of the road for robot-driven vehicles. On Tuesday, Cruise said that SoftBank Group Corp will invest another $1.35 billion in anticipation of Cruise launching commercial robo-taxi […]
Rain Neuromorphics Inc., a startup designing chips that mimic the way the brain works and aims to serve companies using artificial intelligence (AI) algorithms, said on Wednesday it raised $25 million. Gordon Wilson, CEO and co-founder of Rain, said that while most AI chips on the market today are digital, his company’s technology is analogue. […]
The largest U.S. labor organization said Monday it strongly supported a U.S. House of Representatives bill designed to improve competition with China, boost U.S. semiconductor production and reform key trade provisions. The AFL-CIO trade federation representing 12.5 million workers said in a letter to lawmakers the bill’s $52 billion for chips is critical to “addressing […]
Cloud services to lower TCO by over 40 percent over five years Abu Dhabi, 31 January 2022: Etisalat Digital has announced that Transguard Group, the UAE’s leading business support and outsourcing provider, has selected Oracle Cloud Infrastructure (OCI) to migrate their on-premises solutions. This will lower the total cost of ownership (TCO) while giving Transguard the […]
India’s finance minister on Tuesday said the central bank will introduce a digital currency in the next financial year using blockchain and other supporting technology. “Introduction of a central bank digital currency will give a big boost to digital economy. Digital currency will also lead to a more efficient and cheaper currency management system,” Nirmala […]
The Biden administration plans to spare everyday Russians from the brunt of U.S. export controls if Russia invades Ukraine, and focus on targeting industrial sectors, a White House official said. “Key people” will also face “massive sanctions,” a top Commerce official said in a separate speech on Friday. The comments narrow the scope of potential […]
Vodafone has teamed up with Intel Corp and other silicon vendors to design its own chip architecture for nascent OpenRAN network technology, aiming to weaken the grip of traditional telecoms equipment suppliers. OpenRAN allows operators to mix and match suppliers in their radio networks, posing a challenge to the likes of Ericsson, Huawei and Nokia […]
Shifting straight to eSIMs is a more strategic choice In October 2021, telecom giant and leading global mobile network operator (MNO) Vodafone announced its new Eco-SIM — made from recycled plastic. Any sustainability feat is positive for the telecommunications industry, which contributes two per cent of the global emissions total. But why stop at recycled […]
Closing of the deal opens new chapter for enhancing daily experience of UAE consumers Abu Dhabi, 28th January 2022: Emirates Telecommunications Group Company PJSC “Etisalat Group” today announced that, further to the announcement on 18 November 2021, it has completed the acquisition of elGrocer DMCC. Founded in 2015, elGrocer is a leading online marketplace for groceries operating […]