GM Cruise raises $1.15 billion from SoftBank and Honda

GM Cruise, the self-driving vehicle company, has managed to raise $1.15 billion in new equity from a group of investors the likes of which include T.Rowe Price Associates, SoftBank, Vision Fund, Honda and it’s parent company GM. The company is pushing to launch a fully functional ride-hailing service this year. The investment increases GM Cruise’s… Read More GM Cruise raises $1.15 billion from SoftBank and Honda

McDonald’s is going forward with the $300 million acquisition of a tech company

McDonald’s hasn’t made an investment of this scale in 20 years. They’re looking to become the sole owners of the decision-logic technology company Dynamic Yield Ltd, as reported by the Financial Times, in a bid to better personalise the customer experience. The announcement did not include the price but a source with knowledge of the… Read More McDonald’s is going forward with the $300 million acquisition of a tech company

NYPD is the first Police department to use AI to help solve crimes

The New York Police Department is making history by being the first to use an artificial intelligence program to help solve crimes. The system, called Patternizr, was first introduced in 2016 but has only recently been revealed seen as it was being developed for the past 2 and a bit years. Patternizr helps officers search… Read More NYPD is the first Police department to use AI to help solve crimes

HoloLens tech will be used for war and Microsoft staff don’t like it

HoloLens became available for developers back in 2016. It allows you to see digital images over the real world. Microsoft’s chief executive Satya Nadella is scheduled to announce HoloLens 2 at an event in Barcelona on Sunday. That was just a quick recap of what HoloLens is and now here’s the juicy bit. Microsoft have agreed,… Read More HoloLens tech will be used for war and Microsoft staff don’t like it

JD.com’s drones headed for Japan thanks to partnership with Rakuten

Rakuten, Japanese e-commerce giant, is partnering with JD.com, Chinese e-commerce giant, to â€śaccelerate the development and commercialization” of their unmanned vehicle delivery systems. JD.com has been operating drones in China for many years and Rakuten has been doing the same in Japan since 2016. JD.com has recently obtained a regional-level operating licence which mean that they have… Read More JD.com’s drones headed for Japan thanks to partnership with Rakuten