Saudi Arabia’s Public Investment Fund (PIF) has taken a 5.01% stake in Nintendo Co Ltd as the sovereign wealth fund increases its exposure to the Japanese video gaming industry. The investment in the Kyoto-based group company was made for investment purposes, a filing said, and comes as PIF has also taken stakes in video game […]
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OneWeb will resume satellite launches with Elon Musk’s SpaceX, the British satellite communications company said on Monday after it suspended launches from Russia’s Baikonur Cosmodrome in Kazakhstan. OneWeb did not disclose terms of the new launch agreement. Earlier in March, OneWeb, said it would halt launches after Moscow’s space agency Roscosmos demanded guarantees that its […]
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 […]
Yahoo Japan announced that most of its online services would no longer be accessible in the European Economic Area and the UK, starting April 6th. However, the company’s email, credit card, and ebook services will continue to be available, but everything else is going dark. The main reason behind that decision is the cost of […]
India’s Reliance Industries, Softbank Group-backed Ola Electric and automaker Mahindra & Mahindra have submitted bids under the country’s $2.4 billion battery scheme, the government said on Saturday. India last year finalised https://bit.ly/3fmg3p5 an incentive program to encourage companies to invest in the local manufacturing of batteries as it looks to establish a domestic supply chain […]
The Federal Trade Commission on Thursday sued to block graphics chip maker Nvidia’s $40 billion purchase of chip designer Arm, saying the deal would create a powerful company that could hurt the growth of new technologies. Nvidia Corp., based in Santa Clara, California, said in September 2020 that it was buying United Kingdom-based Arm Ltd. […]
A consortium of almost 70 Japanese firms revealed on Wednesday in a conference its plan to initiate an experimental phase of testing a yen-based digital currency to be ready for launch in early 2022. Three of the country’s mega-banks have always shown intentions of joining on the decentralized currency, which will mainly be supported by […]
European Union regulators opened an investigation Wednesday into graphics chipmaker Nvidia’s $40 billion purchase of chip designer Arm over concerns it would limit competition, adding to global scrutiny of the deal. The European Commission said it’s concerned the combined company would have the ability and incentive to restrict access to technology from United Kingdom-based Arm […]
The ruling Communist Party is tightening political control over China’s internet giants and tapping their wealth to pay for its ambitions to reduce reliance on U.S. and European technology. Anti-monopoly and data security crackdowns starting in late 2020 have shaken the industry, which flourished for two decades with little regulation. Investor jitters have knocked more […]
China has allegedly terminated independent driving startup Pony.ai’s efforts to go public on New York Stock Exchange (NYSE) amidst Beijing’s endeavors to enforce regulations on numerous sectors in China’s tech industry, Reuters reported on Wednesday. The California-based company was expected to go public via a special-purpose acquisition with a blank-check company in the U.S. that would have […]