Technology

Oracle Corporation will mark its biggest acquisition as it snags electronic medical records business Cerner in an all-cash $28.00 billion agreement. This massive move reflects the efforts of the computer software firm towards the healthcare vertical. This industry is a relevant growing market with a $3.80 trillion value in the United States alone. Accordingly, the …

Oracle Acquires Health Cloud Company Cerner in a $25B Deal Read More »

On Monday, SenseTime relaunched its $767.00 million initial public offering in Hong Kong, which offered the same number of share sales, excluding American investors. According to regulatory filings, the artificial intelligence company kept its target of selling 1.50 billion shares for between $0.49 and $0.51 each.  Correspondingly, the announcement of the final price will be …

SenseTime Reopens Hong Kong IPO as it Excludes US Investors Read More »

On late Thursday, the United States imposed investment and export restrictions on the drone maker DJI Technology Co. and other Chinese firms.  The blacklist includes HMN International, Jiangsu Hengtong Marine Cable Systems, and Jiangsu Hengtong OpticElectric.  Additionally, it restrains Shanghai Aoshi Control, and Zhongtian Technology Submarine Cable.  The American Treasury Department accused the companies of …

DJI and other Chinese Firms Faces US Investment Blacklist Read More »

On Thursday, Apple Inc. announced that it would delay the return of its workers to the office indefinitely.  In line with this, the iPhone maker provided $1,000.00 to all of its employees to buy their equipment for their home offices. Accordingly, this move came along with the surge of coronavirus cases.  At the same time, …

Apple Inc. Delays Employee Return to Office Indefinitely Read More »

Google warns employees who disobey the company’s Covid-19 vaccination policies will lose pay and be eventually fired from their position.  Accordingly, the tech giant released a memorandum that mandates its workforce to state their vaccination status until January 18.  At the same time, Google asks them to upload documentation showing proof of medical or religious …

Google Warns to Dismiss Workers Flouting its Vaccine Rules Read More »

On Tuesday, Toyota Motor Corporation announced that it would invest $35.22 billion to produce a full lineup of 30 battery-powered electric vehicles by 2030. In addition, the automotive manufacturer targets to raise the global sales of BEVs by 3.50 million units a year by the end of the decade.  Toyota, one of the world’s largest …

Toyota Invests $35B into Battery-Powered Electric Vehicles Read More »

On Monday, SenseTime announced that it would halt its $767.00 million Hong Kong initial public offering after its placement on a US investment ban. The Chinese artificial intelligence startup said to release additional prospectus with amendments and an updated listing table.  Subsequently, the company will also report the potential impact of the said prohibition, targeting …

SenseTime Withdraws $767M Hong Kong IPO after US Ban Read More »