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Wayve Sets Up Self-Driving Testing And Development Centre In Japan
Wayve, which is backed by SoftBank Group, is also testing its technology in the United Kingdom, Germany, the United States and Canada.
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SoftBank, OpenAI Announce Joint Venture To Offer AI For Companies
Japan's SoftBank Group will form a joint venture with US tech giant OpenAI to offer advanced artificial intelligence to businesses, the two companies announced on Monday.
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Ola Electric Expects to Quadruple Revenue This Financial Year, Reveal Company Documents
Indian e-scooter maker Ola Electric expects revenue to quadruple to $1.5 billion (nearly Rs. 12,300 crore) this financial year and then double that again in two years, according to a document containing corporate projections and people briefed on the matter. The figures, however, pre-date surprise cuts by the federal government to e-scooter incenti...
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Alibaba Group Sells Remaining Stake in Paytm Worth Rs. 1,378 Crore
China's Alibaba Group has sold its remaining stake in Indian digital payments firm Paytm for about Rs. 1,378 crore through a block deal, stock exchange data showed on Friday. The exit comes days after Paytm posted its first-ever quarterly operating profit as a listed firm, nine months ahead of its own target.
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Ola Electric Unveils NMC 2170 In-House Lithium-ion Cell, Mass Production to Begin by 2023
Ola Electric on Tuesday unveiled a new lithium-ion cell that was developed in-house. The NMC 2170 battery will be mass produced from the company’s upcoming Gigafactory by 2023, and is designed to pack for energy in a specific area, while improving the overall life cycle of the cell. Company founder and CEO Bhavish Aggarwal stated that the first i...
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SoftBank Overseas Business Chief Michel Combes Exits in Latest Churn
Japan's SoftBank Group Corp said on Wednesday it has appointed Alex Clavel as chief executive of its SoftBank Group International (SBGI) unit, replacing Michel Combes who leaves after just six months in the role.
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Ola Electric CEO Bhavish Aggarwal Says Scooter Fires Rare, but Can Happen in Future
There may be more fires in electric scooters in the future but such incidents are very rare, the chief executive of India's Ola Electric reportedly said at a private company event, after safety concerns were heightened by a fire in one of its scooters in March.
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Nvidia to Scrap $40-Billion Acquisition of Arm After Objections From Regulators: Report
US firm Nvidia is scrapping its $40 billion (roughly Rs. 2,98,600 crore) bid to buy UK mobile chip technology powerhouse Arm from SoftBank after persistent objections from regulators.
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Ola Unveils First Operating Profit Ahead Of Potential IPO
Indian ride-hailing company Ola, backed by Japan's Softbank Group, has notched up its first-ever operating profit since beginning operations a decade ago. Ola reported standalone operating profit or EBITDA (earnings before interest, tax, depreciation and amortisation) of Rs.89.82 crore ($12 million) for the fiscal year that ended in March 2021, ver...
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Nvidia Offers EU Concessions Over $54-Billion Arm Deal
Nvidia has offered concessions in a bid to secure EU antitrust approval for its $54 billion (roughly Rs. 4,05,180 crores) acquisition of British chip designer Arm, a European Commission filing showed.
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Wayve Sets Up Self-Driving Testing And Development Centre In Japan
Wayve, which is backed by SoftBank Group, is also testing its technology in the United Kingdom, Germany, the United States and Canada.
-
SoftBank, OpenAI Announce Joint Venture To Offer AI For Companies
Japan's SoftBank Group will form a joint venture with US tech giant OpenAI to offer advanced artificial intelligence to businesses, the two companies announced on Monday.
-
Ola Electric Expects to Quadruple Revenue This Financial Year, Reveal Company Documents
Indian e-scooter maker Ola Electric expects revenue to quadruple to $1.5 billion (nearly Rs. 12,300 crore) this financial year and then double that again in two years, according to a document containing corporate projections and people briefed on the matter. The figures, however, pre-date surprise cuts by the federal government to e-scooter incenti...
-
Alibaba Group Sells Remaining Stake in Paytm Worth Rs. 1,378 Crore
China's Alibaba Group has sold its remaining stake in Indian digital payments firm Paytm for about Rs. 1,378 crore through a block deal, stock exchange data showed on Friday. The exit comes days after Paytm posted its first-ever quarterly operating profit as a listed firm, nine months ahead of its own target.
-
Ola Electric Unveils NMC 2170 In-House Lithium-ion Cell, Mass Production to Begin by 2023
Ola Electric on Tuesday unveiled a new lithium-ion cell that was developed in-house. The NMC 2170 battery will be mass produced from the company’s upcoming Gigafactory by 2023, and is designed to pack for energy in a specific area, while improving the overall life cycle of the cell. Company founder and CEO Bhavish Aggarwal stated that the first i...
-
SoftBank Overseas Business Chief Michel Combes Exits in Latest Churn
Japan's SoftBank Group Corp said on Wednesday it has appointed Alex Clavel as chief executive of its SoftBank Group International (SBGI) unit, replacing Michel Combes who leaves after just six months in the role.
-
Ola Electric CEO Bhavish Aggarwal Says Scooter Fires Rare, but Can Happen in Future
There may be more fires in electric scooters in the future but such incidents are very rare, the chief executive of India's Ola Electric reportedly said at a private company event, after safety concerns were heightened by a fire in one of its scooters in March.
-
Nvidia to Scrap $40-Billion Acquisition of Arm After Objections From Regulators: Report
US firm Nvidia is scrapping its $40 billion (roughly Rs. 2,98,600 crore) bid to buy UK mobile chip technology powerhouse Arm from SoftBank after persistent objections from regulators.
-
Ola Unveils First Operating Profit Ahead Of Potential IPO
Indian ride-hailing company Ola, backed by Japan's Softbank Group, has notched up its first-ever operating profit since beginning operations a decade ago. Ola reported standalone operating profit or EBITDA (earnings before interest, tax, depreciation and amortisation) of Rs.89.82 crore ($12 million) for the fiscal year that ended in March 2021, ver...
-
Nvidia Offers EU Concessions Over $54-Billion Arm Deal
Nvidia has offered concessions in a bid to secure EU antitrust approval for its $54 billion (roughly Rs. 4,05,180 crores) acquisition of British chip designer Arm, a European Commission filing showed.
