India’s Bharti Airtel Nigeria, the local unit of the company in Africa’s largest economy has now applied for a banking license. The license is called a payment service bank (PSB). The decision is following MTN Nigeria’s application for the same type of banking license that would see the two largest […]
Qualcomm Incorporated has announced the launch of Qualcomm Ventures AI Fund to invest up to an aggregate of $100 million in startups transforming artificial intelligence. The fund will focus on startups that share the vision of on-device AI becoming more powerful and widespread, with an emphasis on those developing new […]
To prepare for its potential initial public offering, IPO, Airbnb said it has hired Dave Stephenson as its chief operating officer. The Internet home-rent company said in a statement that it sought a Chief Financial Officer (CFO) who deeply believes in our mission, shares our values and has the skills […]
Nokia said it has appointed Tommi Uitto as President of Mobile Networks, as part of its steps to align its organizational structure to its strategy, strengthen its leadership team and position the company for success in the 5G era. “Nokia has a unique advantage in the 5G era with its […]
BlackBerry Limited today announced it has entered into a definitive agreement to wholly acquire Cylance. Cylance is an artificial intelligence and cybersecurity company. BlackBerry said in the statement that it is buying the company for US$1.4 billion in cash, plus the assumption of unvested employee incentive awards. Pending regulatory approvals […]
The world’s largest digital taxi company, Uber Technologies Inc., has recorded more losses for the third quarter of the year. Uber said its net loss for the third quarter of the year rose by 20% year on year to $1.1 billion. The result shows that the taxi company is still […]
Japan’s SoftBank Group has raised alerts on fraudsters targeting its initial public offering to defraud unsuspecting members of the public. It would be recalled that SoftBank Group Corp will be launching its initial public offering where it plans to raise up to $21 billion from the public for its mobile […]
Boston-based Bain Capital said it has raised $1 billion to invest in technology startups. The company told Reuters News that $650 million would go into a fund used mostly for early-stage investments, backing young startups with unproven business models, the firm’s sweet spot. “We’ve invested from PowerPoint slides,” said Enrique […]
Sabre Corporation said it has entered into an agreement to acquire Farelogix. Farelogix offers management and NDC order delivery technology used by many of the world’s leading airlines. The company said in a statement that it expects that upon close, the acquisition will allow the company to accelerate delivery of […]
After much preparation, SoftBank Group Corp will be launching its initial public offering where it plans to raise up to $21 billion from the public for its mobile unit. SoftBank is a Japanese multinational holding conglomerate headquartered in Tokyo, Japan. The company wholly owns Softbank Corp., Softbank Vision Fund, Arm […]