M&A advisers said large tech companies could still look to consolidate industries such as cloud computing. Oracle, whose cloud offering has lagged behind peers, raised $20 billion from a debt offering in March, which it said would be put towards future acquisitions and other general corporate purposes. … [Read more...] about Big Tech goes on pandemic M&A spree despite political backlash
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"Our results, amidst this global crisis, demonstrated our ability to execute at speed, innovate at scale and the strength of our business model," said Salesforce CEO Marc Benioff. "The pandemic showed us that digital is an imperative for every company, and we're confident Salesforce will continue to accelerate as we bring our customers into the new normal." … [Read more...] about Salesforce beats Q1 estimates, lowers fiscal 2021 revenue growth forecast
According to Bloomberg, some Juicero investors had expected that appliance to operate similarly, pressing large chunks of fruits and vegetables. But the delivered product only allows Juicero-branded single-use bags full of pre-chopped fruit and vegetable pulp to be pressed in the appliance. Yesterday, Juicero’s CEO took to Medium to defend the setup, saying that it prevents people from juicing expired or recalled vegetables with the help of a QR code scanner that reads every bag. … [Read more...] about Juice wars: Juicero has sued another juicer maker for patent infringement
Naturali – A conversational interface for mobile devices that makes it easy for users to perform tasks with speech commands. 12Sigma – Improved accuracy of patient diagnoses for cancer, heart disease and lung disease (clinically known as chronic obstructive pulmonary disease). Imperial Vision – Smart compression to reduce storage costs and improve efficiency of image and video delivery. Dr. Brain – Personal diagnosis of brain disorders and diseases like Alzheimer’s. Kavout – Stock investment analysis and recommendations to assist investment advisors. All five are focused on solving a difficult challenge. Dr. Brain’s CEO, Lawrence Wang, said China has the largest population of aging people: approximately 240 million individuals. By 2030, it could cost China as much as $1 trillion to diagnose and treat those with Alzheimer’s. His company is working with nearly two dozen hospitals in China to build a database in the cloud to make it easy … [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?