Tech

Qualcomm Ventures launches $100 million AI fund
Tech

Qualcomm Ventures launches $100 million AI fund

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 […]

Airbnb appoints Dave Stephenson as CFO
Tech

Airbnb appoints Dave Stephenson as CFO

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 […]

BlackBerry acquires Cylance
Tech

BlackBerry acquires Cylance

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 […]

Bain Capital raises $1 billion to target startups
Tech

Bain Capital raises $1 billion to target startups

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 acquires Farelogix
Tech

Sabre acquires Farelogix

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 […]

Japan’s SoftBank to launch $21 billion IPO
Tech

Japan’s SoftBank to launch $21 billion IPO

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 […]