Chinese multinational e-commerce giant Alibaba Group Holding and the world’s largest contract electrics manufacturer Foxconn Technology Group have raised $350m in funding for a new Chinese electric car startup.
Continental, Ericsson, Nissan, NTT DOCOMO, OKI and Qualcomm Technologies, announced plans to carry out their first Cellular Vehicle-to-Everything (C-V2X) trials in Japan. The objective is to validate and demonstrate the benefits of C-V2X using direct communication technology defined by the 3rd Generation Partnership Project (3GPP) in their Release 14 specifications.
Chinese e-commerce colossus Alibaba Cloud has announced that it has deployed its cutting-edge smart city Artificial Intelligence (AI) platform in the Malaysian capital city of Kuala Lumpur. This represents the Chinese vendor’s first implementation of its AI platform outside its domestic market.
South Korean telecom provider SK Telecom announced that the company, along with Korea Transportation Safety Authority (KOTSA), successfully deployed 5G infrastructure in K-City, the country’s pilot city for self-driving. It is the world’s first 5G infrastructure-equipped test autonomous driving city.
Chinese firm YITU Technology (YITU) which is a leader in Artificial Intelligence (AI) research and innovation has officially launched a new office in Singapore. The new facility will serve as the company’s regional hub in order to help YITU accelerate its award-winning and renowned AI and facial recognition solutions to whole series of new customers, partners and markets in regions such as Southeast Asia, Hong Kong, Macau and Oceania.
The Chinese government has announced that it will invest a staggering $2.1 billion into the development of a new industrial park for AI research in Beijing. Other global superpowers such as Russia, the United States and the UAE have already invested heavily in AI (artificial intelligence) which has been recognized as a key economic driver in the future.
Huawei has partnered with telecom provider China Unicom to deploy the latter’s first private cloud resource pool based on Huawei’s CloudFabric solution. The move marks a significant step for China Unicom in enabling its business transformation in the cloud era.
A UK-based financial services firm has claimed that China has stolen a march on other countries, and will lead the global autonomous vehicle market, which is expected to be worth around $1 trillion by 2040. IHS MARKIT has suggested that China will spearhead the self-driving revolution and said that the country had already embarked upon a number of initiatives aimed at establishing itself as the major player in the emerging industry.
New Zealand has trumped Australia in the space race. American-New Zealand aerospace manufacturer Rocket Lab successfully reached orbit with the test flight of its second Electron orbital launch vehicle, ‘Still Testing’, on January 21. Electron lifted-off from Rocket Lab Launch Complex 1 on the Māhia Peninsula in New Zealand.
Chinese technology and media conglomerate Tencent Holdings Ltd have formally announced that they have invested almost $2 billion to acquire a 12% stake in disappearing messaging-application Snapchat. The news comes just days after Snapchat posted poor quarterly results leading to a share price drop by 16% to $12.67, a far cry from its $17 IPO in March.