Musk’s two cousin who are on SolarCity’s board have also acquired $17.5 million each of SolarCity’s $124 million bond offering. According to a filing made by Tesla Motors, Elon Musk, its CEO, is said to be purchased bonds worth $65… Read More ›
Creativity
Demand for Samsung’s Galaxy Note 7 exceed supply
Samsung has stated it is boosting production to meet supply so as to reduce opportunity cost. South Korean electronics giant Samsung Electronics has disclosed that its newly launched Galaxy Note 7 is registering stronger than expected demand, causing global supply… Read More ›
Germany’s exports to Iran touches new high in first 6 months of 2016
A surge in domestic demands and Iran’s appetite for German goods are likely to fuel further growth in Germany’s economy. After the removal of international sanctions against the Iran, Germany’s exports of equipment and machineries to the Islamic Republic has… Read More ›
The $1 Billion E-Sports Gaming Industry will now have an Olympics for Itself
While athletes from world over have been fighting out for medals at the Olympics in Rio, an Olympics of e-sports is being planned to be achieved by a gaming company that showcased a gaming tournament to that effect at the… Read More ›
Uber enter trucking industry with the acquisition of Otto
Otto’s speciality is in self-driving trucks. Uber Technologies Inc. has disclosed that it has acquired Otto, a startup which specialises in self-driving trucks. It has also formed a $300 million alliance with the Volvo Car Group so as to develop… Read More ›
Artificial Intelligence as Future of Search is Start-ups’ Bet to Challenge Google
New artificial intelligence (AI) techniques that make searching the web more like talking to a friend and start-ups are hoping that with this new technology they would be able to challenge Google. Understanding natural language, a thing that has typically… Read More ›
Bill Maris, founder and CEO of Google Ventures set to leave the company tomorrow
There have been a series of hi-profile departures from Alphabet Inc.’s projects. What’s brewing at Alphabet Inc.? Recode has reported citing sources familiar with the matter at hand that Bill Maris, founder and CEO of GV, Alphabet’s venture capital arm,… Read More ›
Intel acquires Nervana Systems
The acquisition will help Intel bolster the deep learning performance of its Xeon chipset. Intel has disclosed its intentions of acquiring Nervana Systems, a San Diego, California based company that specializes in artificial intelligence. The acquisition will bolster Intel’s deep… Read More ›
28 companies urge the U.S. Justice Department to oversee VW $2 billion settlement
The $2 billion dollar is seen as a “game changer” by electric vehicle charging companies thus they wants its usage overseen by an independent regulator. As part of the penalties imposed on Volkswagen wherein it will have to spend $2… Read More ›
Production at VW’s Emden plant suspended. Will resume tomorrow.
Production was stopped for yesterday and today due to a shortage of car seat covers. It will resume its operations tomorrow. In a sign of further trouble brewing at Volkswagen, Volkswagen has suspended the production of cars at one of… Read More ›
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