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Tong Zhang, Head of Baidu’s Big Data Lab Is Joining Tencent to Lead Its AI Lab

30 Mar 3288066186_17e8418a5d_o-e1466507488323-768x384

By Mudit Mohilay, The Tech Portal

Companies are doubling down upon Artificial Intelligence. As well they should. After all, alongside other up and coming technologies like VR, AR and robotics, this is where the future lies. (more…)

France and Singapore to ‘Intensify Cooperation’ on Research, Focus on Space Tech, Health and More

30 Mar pm_lee_and_hollande_0-470x313

By Kajal Joshi, The Tech Portal

French president Francois Hollande is on a two-day state visit to Singapore, which is the first state visit by a sitting president of France. The Agency for Science, Technology and Research (A*Star) and the French embassy organized The France-Singapore Innovation Forum today (27 March). (more…)

Rocket Lab Gets $75 Million in Series D to Build Its Small Launch Vehicle ‘Electron’

25 Mar rocket-lab

By Jeet Suthar, The Tech Portal

Rocket Lab, the startup looking to disrupt the commercial satellite launch market using its small launch vehicle christened ‘Electon’, has raised $75 million in its Series D round of funding. (more…)

xG Technology Announces Timely and Final Payment of Remaining Deferred Debt from Vislink Acquisition

24 Mar money 2

xG Technology, Inc. (“xG” or the “Company”) (Nasdaq: XGTI, XGTIW), a leading provider of wireless video solutions to broadcast, law enforcement and defense markets, and private mobile broadband networks for critical communications, today announced that it has reached an agreement with Pebble Beach Systems (“PBS” or “the Seller” and formerly known as Vislink, plc) for extinguishing the remaining deferred debt from the acquisition of Vislink. All deferred payments due from xG against the original promissory notes covering the acquisition of Vislink are now settled in full, and all liens are released. (more…)

SmartPay Leasing Completes $50 Million Financing Agreement

23 Mar money3-e1448338277627

SmartPay Leasing, a leading provider of mobile device consumer leasing, announced today that it has secured $50 million in senior secured credit from a new financing partner. The agreement also includes a commitment to increase financing to $150 million at the lender’s discretion. (more…)

Wanda and IBM Sign Agreement to Bring IBM Cloud to China Through New Wanda Cloud Company

23 Mar tp-ibm-featured-latest-600x352

Wanda Internet Technology Group and IBM  have signed an agreement in Beijing for Wanda to enter the public cloud business through the formation of a new company built on IBM’s Cloud Platform. (more…)

Toshiba Showcases IoT Solutions at CeBIT 2017

21 Mar Layout_0125.vwx

Toshiba Corporation will be at CeBIT 2017, and looking to the future to demonstrate how its extensive know-how IoT and AI will contribute to solutions in energy, industry and society. (more…)

Intel Acquires Mobileye in Anticipation of First Major Wave of Sales for Self-Driving Cars in 2021, Says TrendForce

15 Mar mobileye-intel-self-driving-car-2021-624x351

Intel on March 13 announced that the company will purchase Mobileye, a global provider of advanced driver assistance system (ADAS). (more…)

JPMorgan Chase to Acquire MCX “FinTech” Payments Technology for Chase Pay

14 Mar money3-e1448338277627

JPMorgan Chase  has agreed to acquire MCX’s payments technology to help expand Chase Pay, the mobile and digital wallet for Chase customers. MCX, a network of America’s largest merchants, was the premier launch partner for Chase Pay in October 2015. The transaction is expected to close in the coming weeks. (more…)

Tata Trusts, Lockheed Martin & DST Join Hands to Invest $2Mn in Tech-based Social Startups Annually

14 Mar ratan-tata

By Anmol Sachdeva, The Tech Portal

Tata Trusts also finally seems to be embracing the advent of technology in every aspect our lives. In addition to NGOs, the organization now plans to add start-up investments to its portfolio in collaboration with aerospace behemoth Lockheed Martin and the Department of Science and Technology (DST). They’re coming together to announce the launch of the second edition of the India Innovation Growth Programme (IIGP), which aims to invest around $20 million in socially relevant startups in the next ten years. (more…)