Mitsubishi and NTT take 30% joint ownership stake in HERE Technologies

Japanese duo Mitsubishi Corporation and Nippon Telegraph and Telephone (NTT) Corporation have jointly acquired a 30 percent ownership stake Netherlands-based mapping company HERE Technologies. The two companies have co-invested in HERE via holding company COCO Tech Holding in the Netherlands, which the pair established together for the purpose. HERE now has nine direct and indirect…

Google Calls It Quits on Smart-City Project, Why?

It might not have come as a surprise to hear that Google ended its highly anticipated Quayside project, in Toronto, Canada —the smart-city development—which had been plagued with widespread controversy since its very beginning some three years earlier. This was a big project Google’s subsidiary Sidewalk Labs touted, which would deliver a world of smarter,…