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U.S. military to pour in USD 2 billion in next-gen AI projects
The Pentagon research wing has reportedly stated that it would be investing USD 2 billion to create the next generation of artificial intelligence devices that boast of ‘human-like communication’ ability. The new smart machines referred to as ‘AI Next’ would escalate military... Read More
Walmart Canada to buy additional 30 Tesla Semis to cut down on diesel
Walmart Canada has reportedly ordered more Tesla semi-trucks to reduce diesel consumption, as it plans to have its entire fleet powered by sustainable energy by 2028. The U.S. based retail giant will be buying 30 of Tesla’s 18-wheeler semis for its Canadian subsidiary, in addition to the 10 or... Read More
VW agrees with ACCC to replace faulty cars within 60 days of purchase
The world’s largest car manufacturer Volkswagen (VW) has reportedly announced to have signed a voluntary court-enforceable undertaking with the Australian Competition & Consumer Commission (ACCC) to abide by the warranty claims specified in the Australian Consumer Law (ACL). As per the ter... Read More
BHP buys stake in SolGold copper project in Ecuador for $35 million
The leading mining company BHP has recently signed a deal with SolGold, the Australian gold and copper mining company to earn a 6.1% stake in the latter. The deal, in which BHP will be paying $35 million for the stakes, will ensure that BHP earns a share in the copper-gold project, Cascabel, Ecuador... Read More
SwRI’s AC2AT-II consortium to focus on engine emissions solutions
Southwest Research Institute, one of the largest nonprofit R&D organizations in the U.S. recently announced the commencement of the Advanced Combustion Catalyst and Aftertreatment Technologies II, that will be starting from 15 November 2018 with a meeting at the San Antonio headquarters of SwRI.... Read More
Temasek & StarHub set up Asia’s largest pure-play cybersecurity firm
Singapore’s Temasek Holdings has reportedly announced to have formed a joint venture, named as Ensign InfoSecurity, with telecommunications giant StarHub Ltd. As per trusted sources, Ensign InfoSecurity will be one of the biggest cybersecurity firms in Asia. A press release by StarHub state... Read More
Sprint and Ericsson join forces to build 5G-ready IoT network and OS
American telecommunications company, Sprint has reportedly announced a partnership with networking giant Ericsson for building a virtualized core Internet of Things (IoT) network and an operating system (OS). Ivo Rook, senior vice president, Sprint, said that the new IoT ... Read More
UMS SKELDAR, Airflite join hands to offer MRO services for rotary UAVs
UMS SKELDAR, a joint venture between UMS AERO Group and Saab, recently signed a Memorandum of Understanding (MoU) with Australia’s leading aviation related service provider Airflite, at the LAND FORCES 2018, Adelaide. As per the agreement, Airflite will provide maintenance, repair and overhaul... Read More
Alipay looks to expand cashless services in Japan before 2020 Olympics
The leading mobile payments platform, Alipay, recently announced plans for collaborating with several Japanese partners to improve the cashless experience for tourists visiting Japan, especially during the Tokyo Olympic Games in 2020. Citing reliable sources, the company aims to merge with the local... Read More
Suncorp to return $600m to shareholders after insurance business sale
Brisbane-based insurance company Suncorp has reportedly announced to return $600 million to its shareholders after concluding the sale of its life insurance business in Australia. As per trusted sources, the insurance company will be selling the business to TAL Dai-ichi Life Australia Pty Ltd. Re... Read More