Business, Companies, News, Qualcomm

Qualcomm going for European Approval for $39B NXP acquisition

Qualcomm Inc. is set to clinch European Union antitrust approval for its $39 billion acquisition of NXP Semiconductors during the next week. The EU opened an in-depth probe into the Qualcomm-NXP deal last June concerning that the deal may lead to higher prices, less choice and reduced innovation in the semiconductor industry. NXP has already significant presence in Austin after they acquired Freescale Semiconductor in 2015 for $11.9 billion. Qualcomm’s commitments will now include a pledge not to buy NXP’s standard essential patents, plus assurances that the rival products will still function with NXP’s, according to one of the people familiar with the matter. Qualcomm agreed to

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Artificial Intelligence, Asia Pacific (APAC), Business, China, Companies, Fintech, News, Technology Security

AI Chatbots are rapidly changing the ways of banking in the world

The biggest Hong Kong bank, HSBC Holdings, is starting the New Year with a new chatbot. Chatbots are computer programs that typically use text-based live chat as an interface to carry out tasks for customers on behalf of the business. Now they are emerging as an inexpensive way to introduce artificial intelligence (AI) in banking. Even though they are practically machines, banks are trying to give their chatbots a human touch which is why HSBC named its newborn Amy. This is not the only bank form Hong Kong. Hang Seng Bank already has their virtual assistants named HARO and DORI. This move came as the city’s

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Artificial Intelligence, Auto, Companies, News, Technology Security

General Motors announced their driverless car for the next year

General Motors will no longer need an engineer in the front seat who was managing the robot that controlled its self-driving Chevrolet Bolt. There will be no more steering wheel and also, the pedals will be gone. This  announcement came last week and it is more than obvious that this auto-giant got the confidence from it’s engineers. The car will be the fourth generation of its driverless, all-electric Chevy Bolts, which are currently being tested on public roads in San Francisco and Phoenix. And when they roll off the assembly line of GM’s manufacturing plant in Orion, Michigan, they’ll be deployed as ride-hailing vehicles in a

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