One of the longest-standing crypto exchanges has new owners after Europe-based Bitstamp was sold to South Korea’s Nexon, marking the gaming firm’s second such acquisition. The acquirer is NXMH, a Belgium-based PE and investment firm owned by NXC — the parent of Nexon — and it will take a majority 80 percent stake in the business for…
Microsoft CEO Satya Nadella and president Brad Smith have stressed the company’s commitment to working with the US military, during a monthly Q&A session with employees. Their declaration comes at a time when many are questioning the ethical implications of the weaponisation of AI and other technologies. As explained in the Q&A, Microsoft’s work in…
Airware desperately sought cash for 18 months before running out of money and shutting down last month, leaving about 120 employees without jobs after the startup had burned $118 million in funding. Bandaid strategic investments from construction company Caterpillar and others kept Airware alive as it looked for a $15 million round, according to a…
As early-generation electric vehicles (EVs) start to retire from active service, plans for recycling components and materials from their batteries are starting to take shape, as Jessica Twentyman reports. Automotive company Audi has announced that it has successfully completed the first phase of a collaboration focused on recycling batteries from electric vehicles (EVs), alongside its…
AnyMind Group, a Singapore-based company that uses AI in online advertising, HR and marketing, has pulled in a strategic $13.4 million investment to go after growth in Japan and other Asian markets. This Series B round was led by Line, the Japanese messaging app firm, and Mirai Creation Fund, which is backed by Toyota among others. Previous…
Oracle took blockchain mainstream with the launch of Blockchain Applications Cloud at the enterprise tech provider’s OpenWorld annual conference in San Francisco this week. The new suite of software as a service (SaaS) applications is intended to “enhance traceability and transparency throughout the supply chain”, according to the company. Oracle’s blockchain applications are built with…
How will we use AI in the future, and what will the impact be on our workforce and our own workplace roles? Telecoms and networking giant Tata Communications recently published a report, Cognitive Diversity: AI & the Future of Work, which explores these issues. Internet of Business spoke to co-author Vinod Kumar, the company’s CEO and…
Intel and Google are just two of the technology giants to have tried and failed to take the concept of smart glasses into the mainstream. The former abandoned its Vaunt smart glasses earlier this year after heavy investment in R&D and acquisitions, while Google’s foray into what was expected to be a thriving consumer-tech sector has…
Justine and Olivia Moore like to introduce themselves together, otherwise, it can be a little confusing. They live together in an apartment in Menlo Park. They share clothes. They both wear Rothy’s sustainable ballet flats and are big fans of Glossier. Their desks are only inches apart, because yes, they work together too — and…
Arsenal football club has introduced an official chatbot to liaise with fans. The Arsenal bot has been dubbed ‘Robot Pires’, after former left-winger and midfielder Robert Pires – a leading player in the successful 2000-2006 seasons – who returned to the club as a coach in 2016. The new AI-powered personality was developed in collaboration…
