Sujai Hajela Contributor Share on Twitter Sujai Hajela is co-founder, president and CEO of Mist, which develops self-learning wireless networks using artificial intelligence. There’s been a bit of hysteria – AIsteria, if you will – over the Trump administration’s recently issued American AI Initiative, formally known as ‘Executive Order on Maintaining American Leadership in Artificial […]
View More What critics get wrong about the “American AI Initiative”Category: analyst
JD.com shares take off despite slowing revenue growth
Shares of JD.com, the Chinese e-commerce service that rivals Alibaba, are on the rise today after the online retailer announced better than expected results for Q4 2018, bucking uncertainty around tech companies in China. The company reported net revenue of RMB 134.8 billion ($219.6 billion) for the final quarter of last year. Despite representing the […]
View More JD.com shares take off despite slowing revenue growthMany popular iPhone apps secretly record your screen without asking
Many major companies, like Air Canada, Hollister and Expedia, are recording every tap and swipe you make on their iPhone apps. In most cases you won’t even realize it. And they don’t need to ask for permission. You can assume that most apps are collecting data on you. Some even monetize your data without your knowledge. […]
View More Many popular iPhone apps secretly record your screen without askingZynga to acquire Small Giant Games, the maker of Empires & Puzzles, for $700M
Social game developer Zynga will initially acquire 80 percent of Small Giant Games for $560 million.
View More Zynga to acquire Small Giant Games, the maker of Empires & Puzzles, for $700MIndonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBank’s Vision Fund
Indonesia-based e-commerce firm Tokopedia is the latest startup to enter the Vision Fund after it raised $1.1 billion Series G round led by the SoftBank megafund and Alibaba. SoftBank and Alibaba are existing investors in the business — the Chinese e-commerce giant led a $1.1 billion round last year, while SoftBank recently transitioned its shareholding […]
View More Indonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBank’s Vision FundKorean e-commerce firm Coupang raises $2 billion from SoftBank’s Vision Fund
Just days after a CIA report concluded that Saudi Crown Prince Mohammed bin Salman ordered the murder of journalist Jamal Khashoggi, SoftBank’s Vision Fund — the gargantuan investment vehicle anchored by a $45 billion investment from Saudi Arabia’s PIF sovereign fund — is back in check-writing action. Coupang, Korea’s largest e-commerce firm, revealed today that it has […]
View More Korean e-commerce firm Coupang raises $2 billion from SoftBank’s Vision FundLocal venture capital fund formation is on the rise in Africa, led by Nigeria
Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor E-moto startup Alta Motors reportedly powers down African financial technology startups move beyond payment services Africa’s VC landscape is becoming more African with an increasing number of investment funds […]
View More Local venture capital fund formation is on the rise in Africa, led by NigeriaChipmaker Renesas goes deeper into autonomous vehicles with $6.7B acquisition
Japan-based semiconductor firm Renesas — one of the world’s largest supplier of chips for the automotive industry — is scooping up U.S. chip company IDT in a $6.7 billion deal that increases its focus on self-driving technology. Renesas produces microprocessor and circuits that power devices, and automotive is its core focus. It is second only to NXP […]
View More Chipmaker Renesas goes deeper into autonomous vehicles with $6.7B acquisitionAlibaba shrugs off China concerns as revenue jumps 61%
Tencent had an unexpected miss this week, but Chinese rival Alibaba experienced no such issue today as it beat analyst expectation after clocking 61 percent annual revenue growth. The Chinese e-commerce giant reported total sales of 80.92 billion RMB ($12.2 billion) for its Q1 2019, fractionally beating Bloomberg’s estimate of 80.88 billion RMB. The firm record […]
View More Alibaba shrugs off China concerns as revenue jumps 61%Costco now supports Apple Pay across all of its US stores
Apple has landed a big new partner for Apple Pay in the U.S. after Costco began accepting the mobile payment service across 750 stores. The retailer plans to include support at its gas stations, but that isn’t yet complete. The rollout — first reported by MacRumors — follows limited trials at selected Costco outlets, including […]
View More Costco now supports Apple Pay across all of its US storesChinese Tesla rival Nio files to raise $1.8 billion in US IPO
Tesla may be looking to go private, but Chinese rival Nio is going the other way after it filed to raise $1.8 billion in an IPO on the New York Stock Exchange. Nio was started in 2014, initially as NextCar, by Bin Li, an entrepreneur who founded online automotive services platform Bitauto. The company is backed by Chinese […]
View More Chinese Tesla rival Nio files to raise $1.8 billion in US IPOTwitter posts record $100M profit but loses 1M users
The social media apocalypse is on us this week. Days after Facebook’s stock took a record $123 billion plunge on a poor earnings report, Twitter’s shares are down nearly 20 percent after the company announced falling users numbers. The microblogging service recorded a drop of one million monthly users in Q2, with 335 million overall and […]
View More Twitter posts record $100M profit but loses 1M users