Bloomberg The first augmented-reality glasses with Amazon’s Alexa voice assistant will be shown next week at CES in Las Vegas—manufactured by a 75-employee company rather than the e-commerce giant’s growing devices division. Vuzix Corp. will show off a pair of smart glasses that can talk to Amazon.com Inc.’s voice-activated digital assistant and display information to the wearer’s field of view, ...
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IBM, Comcast Ventures back blockchain startup fund
Bloomberg International Business Machines Corp. and Comcast Corp.’s venture arm will become the largest supporters of an investment fund for startups that help corporations use blockchain, the digital ledger that’s become a hot technology. The startup accelerator, called MState, plans to invest $25,000 to $50,000 apiece in five or six companies over the next six months, co-founder Rob Bailey said. ...
Read More »Samsung’s ex-strategy chief Chi takes on GM, Google in robot taxis
Bloomberg In the future of transportation, what would you get if you mixed the business models of Tesla Inc., Google and Samsung Electronics Co. with the budget of the world’s fifth-biggest automaker? Youngcho Chi is about to find out. Hired from Samsung, Chi has assembled a team of 200 strategists and researchers at Hyundai Motor Co., the 50-year-old South Korean ...
Read More »Nissan cars with B2V tech to read your mind
Bloomberg The world’s biggest carmakers and technology companies are spending billions of dollars to perfect your ability to drive without thinking. Nissan Motor Co. is taking a different direction—trying to “decode†your thinking so hands-on driving is more fun. The Japanese company will unveil and test its “brain-to-vehicle†technology at next week’s Consumer Electronics Show in Las Vegas. The “B2V†...
Read More »Google invests in Chinese game-streaming service
Bloomberg Alphabet Inc.’s Google has joined a funding round for a Chinese games-streaming service, making its second direct investment there since largely withdrawing from the country in 2010. The Mountain View, California company is joining a Series D investment round for Chushou, whose name translates into “Tentacle,†a Chinese mobile-centric game live-streaming platform with 90 million registered users. Existing backers ...
Read More »China’s YY to list its eSports video platform in US
Bloomberg Chinese live-streaming company YY Inc. is planning to spin off and list its eSports video platform Huya Broadcasting in the US, people familiar with the matter said. The Twitch-like streaming division is seeking to raise at least $200 million this year to fund expansion in a fledgling but heated sector, the people said, requesting not to be named because ...
Read More »Modi’s worst growth year puts pressure on budget to spur economy
Bloomberg India forecast its economy will expand at the slowest pace since Prime Minister Narendra Modi came to power in 2014, piling pressure on his government to jump start activity before a national vote early next year. Gross domestic product will grow 6.5 percent in the year through March, the Statistics Ministry said, compared with the Bloomberg consensus of 6.6 ...
Read More »Birla’s Idea plans to raise $1bn as founders boost holding
Bloomberg Billionaire Kumar Mangalam Birla’s Idea Cellular Ltd. plans to raise more than $1 billion to strengthen its war chest as competition in the world’s second-largest telecom market intensifies. The company, which is poised to merge with Vodafone Group Plc’s India unit to form the nation’s biggest wireless carrier, will raise $513 million by selling shares to its founders, according ...
Read More »India’s gold imports up 37% in December
Bloomberg Gold imports by India, the world’s second-biggest market after China, surged 37 percent in December after falling for three straight months, according to a person familiar with the data. Inward shipments increased to 77.7 metric tons from 56.9 tons a year ago, the person said, asking not to be named as the information isn’t public. In value terms, purchases ...
Read More »US sees ‘much work’ to revise South Korea free-trade pact
Bloomberg Officials from the US and South Korea said further talks were needed to revise their free-trade pact, a negotiation straining ties between the allies as they grapple with Kim Jong Un’s growing nuclear-weapons threat. The US presented proposals to improve auto exports and lift trade barriers during a meeting with South Korea counterparts in Washington, Trade Representative Robert Lighthizer ...
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