Chevron invests in nuclear fusion technology
The American corporation Chevron became one of the investors in the startup TAE Technologies, which is engaged in developments in the field of nuclear fusion. In addition to the energy company, the technology giant Google and the Japanese Sumitom Corporation invested in the project. A total of $250 million…
Quantum Light Capital: features of an AI-based fund
The businessman, who is known for creating the fintech Revolut, announced a new venture fund, Quantum Light Capital. The peculiarity of the latter will be that it will be based on artificial intelligence, which will help manage $200 million in assets.
At Quantum, promising projects for investment…
Hyundai develops autonomous vehicles
Korea's Hyundai Corporation will allocate $5 billion for the development of autonomous vehicles and robotics. The funds will be allocated in tranches until 2025 to the company's U.S. subsidiaries. The money will be used to develop artificial intelligence technologies as well as to expand developments in the field of unmanned electric…
Berkshire Hathaway continues to increase investment in the technology sector
Investment holding company Berkshire Hathaway made a deal with computer equipment manufacturer HP from the United States. Warren Buffett's company bought 11.4% of the corporation's shares, the total amount of the acquisition amounted to 4.2 billion dollars. In total, the package includes more than 121…
Honda Motor wants to expand the production of electric cars
Japanese automaker Honda Motor plans to expand the production of electric cars. It intends to invest $40 billion in the production of 30 new models and expand its line of vehicles.
Honda plans to produce about 2 million electric cars annually. This strategy will allow…
Softline expands its activities
Softline announced the acquisition of Umbrella Infocare, which develops cloud technology solutions. The deal is one of the steps to create a modern center of Softline, which will deal with AWS technologies. This direction will allow the company to expand the list of services for the design and provision of cloud…
Nokia plans to invest in promising startups
Finnish company Nokia has joined forces with venture capital firm NGP Capital to create a joint fund. Fund V is designed to invest in various startups that work in cybersecurity, 5G technology, and cloud computing.
The fund has only one investor, Nokia, and the company has already invested…
Sony invests $500 million in new TSMC plant
Sony Corporation will allocate $500 million for the construction of the TSMC plant in Japan. It is planned that the plant will produce image sensors and components for the production of automotive systems. It will be microchips made on the basis of a 22/28 nm technological process. …
HackerOne: a platform for hackers and their clients
The American company HackerOne received an investment of $49 million. It is known for creating a platform where hackers reveal vulnerabilities in the cybersecurity systems of business companies, and the latter pays for the services provided.
The main investor in the round was GP Bullhound, and Valor…
Amazon launches share buyback and stock split option
U.S. giant Amazon plans to repurchase shares in the amount of 10 billion dollars. In addition, the corporation intends to split the securities in the proportion of 20:1.
It should be noted that the procedure for splitting shares is observed in Amazon for the first time since…