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TOKYO: SoftBank Group Corp said on Monday it is selling or monetising up to 4.5 trillion yen (US$41bil) in assets to buy back two trillion yen of its shares and reduce debt, sending its stock soaring to its biggest daily gain in nearly 12 years.
TOKYO: Shares of SoftBank Group Corp closed down 17% yesterday in their biggest one-day fall, hammered by investor scepticism over the outlook for tech bets, such as office sharing firm WeWork and ridehailer Uber.
US startup companies focused on transportation technology could be among the casualties of Covid-19, according to venture investors who say new funding and investment exits are drying up as the economic outlook darkens.
Japanese automaker Toyota Motor Corp has partnered with Chinese autonomous driving startup Momenta to develop a high definition (HD) mapping platform in China for autonomous driving vehicles, Momenta said in a statement.
From germ-ridden scooter handlebars to coughing Uber passengers: The urban mobility movement is already responding to fears that their modes of transport could help spread the coronavirus in cities.
In Silicon Valley, it's tough to go two blocks without seeing a self-driving autonomous car, said Steven Hong, chief executive of Beavercreek-based company Oculii.
SINGAPORE: South-East Asian ride-hailing giant Gojek has raised US$1.2bil for expansion, defying tech-sector turbulence and the coronavirus (Covid-19) pandemic to secure funds to take on Grab Holdings Inc.
SINGAPORE: Southeast Asian ride-hailing giant Gojek has raised $1.2 billion for expansion, defying tech-sector turbulence and the coronavirus pandemic to secure funds to take on Grab Holdings Inc.
It started with extra hand sanitiser and wipes for keyboards and headphones. Then came the directive for employees to lug their laptops home every night just in case. Finally, the memo arrived urging all employees to work from home – just not in their pajamas.
In 2016, Seattle-based startup Turi Inc was helping almost 100 customers create and manage software that uses machine learning, a powerful type of artificial intelligence. Its technology was so promising that Apple Inc snapped it up for US$200mil (RM861.90mil).