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Market News

Auto sector tech innovations speed ahead at CES

Auto sector tech innovations speed ahead at CES

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Bosch chief technical officer Michael Bolle (L) and Bosch president for North America Mike Mansuetti (R) speak about lidar sensors at CES in Las Vegas Photo: AFP Fully autonomous cars are on a slow path to mass deployment, but a range of other vehicle technology is speeding ahead. Here are some of the innovations causing…

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Future of mobility: Some wild rides seen ahead at tech show

Future of mobility: Some wild rides seen ahead at tech show

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Rinspeed’s concept vehicle MetroSnap, seen at the 2020 Consumer Electronics Show, can be adapted to users’ needs Photo: AFP In the not-too-distant future you could ride one, two or three wheels… or maybe none at all. Tech-inspired solutions for mobility — on land, air and water — featured prominently at the 2020 Consumer Electronics Show…

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Insight Partners To Buy Veeam Software for $5B

Insight Partners To Buy Veeam Software for $5B

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Insight Partners will acquire Swiss data management company Veeam Software for about $5 billion, the investment firm announced Thursday. Insight already had a stake in Veeam, as it invested $500 million into the company last January. Veeam, which was founded in 2006, provides cloud data backup for companies, and has offices in more than 30…

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Daimler seeks majority control of its main China joint venture

Daimler seeks majority control of its main China joint venture

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Staff members drive a Mercedes-Benz A Class L Sedan on the stage during an event marking the start of production of the sedan at a Beijing Benz Automotive Co (BBAC) plant in Beijing, China November 21, 2018. Picture taken November 21, 2018. REUTERS/Sun Yilei Daimler is seeking to buy a majority stake in its Chinese…

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Betting Against The House: How Large Companies Stack The Decks In Their Favor In Talent Acquisition

Betting Against The House: How Large Companies Stack The Decks In Their Favor In Talent Acquisition

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Source: Getty Image In the movie Rounders, Matt Damon plays the role of poker prodigy Mike McDermott. At one point, he says, “If you can’t spot the sucker in the first half-hour at the table, then you are the sucker.” I’ve long been fascinated by people who take on poker players they know are much…

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F5 Networks Buys Shape Security to Prevent Fraud

F5 Networks Buys Shape Security to Prevent Fraud

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F5 Networks this week announced it is acquiring Shape Security, a provider of a cloud service that leverages machine learning algorithms to identify instances of fraud, for roughly $1 billion in cash. Preston Hogue, senior director of security marketing for F5 Networks, said the services Shape Security provides are a natural extension of the range…

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The CEO of the hot AI startup Automation Anywhere says its new $290 million funding led by Salesforce Ventures helps establish it as the Google to UiPath’s Yahoo

The CEO of the hot AI startup Automation Anywhere says its new $290 million funding led by Salesforce Ventures helps establish it as the Google to UiPath’s Yahoo

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  Mihir Shukhla, CEO of Automation Anywhere Two weeks after its rival UiPath’s bad news cast a pall on the world of robotic process automation, Automation Anywhere has stepped up to show the market remains hot in the eyes of investors. Automation Anywhere on Thursday said it had just raised $290 million from investors in…

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Google veterans: The company has become ‘unrecognizable’

Google veterans: The company has become ‘unrecognizable’

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Sergey Brin, president of Alphabet and co-founder of Google, joins protestors at San Francisco International Airport. Courtesy: Vassil Mladjov When Google co-founders Larry Page and President Sergey Brin stepped down from their roles as CEO and president of Google holding company Alphabet earlier this month, it marked the end of an era. While it’s unclear…

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Mastercard acquires security assessment startup, RiskRecon

Mastercard acquires security assessment startup, RiskRecon

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Image Credits: Roberto Machado Noa / Getty Images Mastercard announced today that it is acquiring RiskRecon, a Salt Lake City startup that uses publicly available data to build security assessments of organizations. The companies did not share the purchase price. It has become increasingly important for financial services companies like Mastercard to help customers navigate…

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Databricks Dismisses Open Source Criticism of Amazon

Databricks Dismisses Open Source Criticism of Amazon

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Ali Ghodsi, co-founder and chief executive officer of Databricks. Photo by Bloomberg To some advocates of open source—the software created by squads of volunteer developers—Amazon has become a bogeyman because of the way it offers their free programs through its cloud computing arm, Amazon Web Services. Ali Ghodsi isn’t one of the Amazon haters. Ghodsi…

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