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Almost two decades ago, in a remote Russian city best known for its butter and linen, two brothers shared a bedroom and a Pentium 100-powered computer they used to code their first game.
Uber Technologies Inc is nearing a deal with a group, including SoftBank Group Corp, to invest in its self-driving car unit to be valued at US$7.25bil (RM30.15bil), the Wall Street Journal reported on April 17, citing people familiar with the matter.
Amazon.com Inc said it will shut its China online store by July 18, as the US e-commerce giant focuses on the lucrative businesses of selling overseas goods and cloud services in the world's most populous nation.
Intel Corp, whose products dominate the world of computing, said it’s going to wind down a multibillion-dollar, multi-decade effort to grab a viable stake of the mobile phone industry.
Rene-Christopher Wollmann, head of Mercedes-AMG's €2.75mil Project One supercar programme, has moved to a job at Automobili Pininfarina in a sign that innovation in high end electric sportscars is shifting toward small startups.
Uber Technologies Inc, the current era’s archetypal startup, moved toward becoming a public company April 11, revealing that it racked up a US$3bil (RM12.38bil) operating loss last year and hoping potential investors will look beyond that.
While superheroes, monsters and aliens battle on the big screen, a real-life fight is raging behind the scenes that will determine what moviegoers will see at their local cinemas.
Startups, when they raise venture money to build their businesses, begin with a Series A round and then proceed through Series E, F or maybe G before going public. The Indian ride-hailing service Ola is a bit unusual: It just completed its Series J fundraising and is marching toward Series K, a letter almost unheard of by researchers that track such things.