Toyota, Intel and others form big data group for automotive tech

A collection of prominent names in the tech industry have teamed up with Toyota to work on developing big data systems to support self-driving cars...

Indian startup Flux Auto wants to democratize self-driving tech for trucks

A young startup in India wants to makes autonomous driving technology more widely available for truck operators, especially those outside of the U.S., by lower...

SoftBank’s Vision Fund backs Flipkart in record India tech investment

SoftBank missed out on getting a piece of Flipkart when its deal to acquire Snapdeal, the e-commerce firm which SoftBank backed in 2015, fell apart...

500 Startups’ Australia accelerator program is axed by its partner before it even launched

500 Startups continues to feel the impact of a sexual harassment scandal involving its co-founder and former managing partner Dave McClure. Two weeks after the...

SoftBank partners with China’s Ofo to bring its dock-less bikes to Japan

A month after committing to help WeWork enter Japan, SoftBank is lending a hand to another global unicorn with its sights set on the country....

Intel completes its acquisition of Mobileye, enters the autonomous car game

Intel announced its acquisition of Mobileye in March for $15.3 billion. Mobileye is best known for its collision detection technology, which will be combined with Intel's hardware. Now, that deal...

Iflix raises $133M for its Netflix-style service for emerging markets

Iflix, an Asia-based startup providing Netflix-like streaming services in emerging markets, has landed $133 million in fresh funding to accelerate its business. The investment was led...

Your insurance adjuster may soon be a drone or an app

As per the 2017 Future of Claims Study survey by LexisNexis Risk Solutions, insurance companies are looking to "virtual" methods of handling claims. 38 percent of insurers no longer send employees...

APLICATIONS

Samsung forecasts fourth-quarter profit at over three-year high

Samsung Electronics Co Ltd said on Friday its fourth-quarter profit likely leapt 50 per cent from a year earlier to its highest level...