The Financial Times on Tuesday reported Amazon was also in advanced talks to purchase the self-driving car company Zoox, which was valued at $3.2 billion two years ago. Meanwhile, Facebook in March announced its largest international investment yet, purchasing a $5.7 billion stake in the juggernaut Indian telecoms operator Reliance Jio. … [Read more...] about Big Tech goes on pandemic M&A spree despite political backlash
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Tech Earnings HPE's Q2 stung by COVID-19 fallout Intuit's Q3 revenue falls 8% as pandemic upends tax season NortonLifeLock beats Q4 earnings targets Nvidia's data center business has its first $1B quarter in Q1 Palo Alto Networks shines in Q3 Walmart Q1 e-commerce sales surge 74% as company shuts down Jet.com Cisco Q3 beats estimates, revenue down 8% from a year ago Target's Q1 growth turbocharged by digital demand, Shipt Best Buy online sales now 42% of US revenue Logitech benefits from webcam, video collaboration boom … [Read more...] about Salesforce beats Q1 estimates, lowers fiscal 2021 revenue growth forecast
But Juicero apparently still wants to be the only company to offer this type of appliance, as it filed a complaint (PDF) in federal court against another cold-press juice bag squeezer called Juisir earlier this month. Juicero claims that Juisir, developed by Chinese company iTaste and marketed and imported with the help of Australian company Froothie, infringes on a patent Juicero was granted in November 2016. Juicero said in its April 6 complaint that Juisir also violates the Silicon Valley company’s trade dress and trademark rights. … [Read more...] about Juice wars: Juicero has sued another juicer maker for patent infringement
Zhong, who had formerly worked at Goldman Sachs, Merrill Lynch, Morgan Stanley and Qualcomm, was focused on one of the toughest challenges: fighting lung cancer, the leading cause of cancer death in both men and women. Each year, more people die of the disease than of colon, breast and prostate cancers combined. … [Read more...] about Five AI China Startups Compete for Glory, and a DGX Station
Tesla isn’t immune to the pressures facing other automakers. The price cuts target older vehicles and suggest they have peaked in demand. Tesla relied on federal tax incentives for electric vehicles and a strong economy to boost sales — and now both are gone. Other automakers are offering deals, so Tesla needs to offer deals to remain competitive. Tesla wants to meet its delivery goals. Let’s talk for a moment about camp number five, the “delivery goals” camp. Now, Tesla had a surprisingly good first quarter! Despite shutdowns at its Chinese and US factories, Tesla told its investors it might still meet its goal of delivering 500,000 vehicles worldwide this year. Price cuts sure seem like one way of making sure that happens. … [Read more...] about What does Tesla slashing car prices really mean for the company?