China’s tech services are a top investment pick amid decoupling with the US, says CITIC Capital CEO

Consumption, healthcare and technology are three sector picks for investing in China, said CITIC Capital’s top executive on Tuesday. “For us, the top priority … is still on consumption, because it’s still growing at a higher rate than GDP growth,” said Zhang Yichen, chairman and CEO at CITIC Capital, the flagship investment arm of Chinese state-owned conglomerate CITIC Group. China’s GDP growth was 6.1%, down from 6.6% in 2018 as the economy took a hit from its bitter trade war with the U.S. Speaking to CNBC at the World Economic Forum in Davos, Switzerland, Zhang said health care is…

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Tech Mahindra aims for 50% revenue share from digital business

Pune: IT services firm Tech Mahindra said that it was targeting a 50 per cent revenue share from digital business, even as it has trained 70 per cent of its IT workforce in digital skills. The company has partnered with FutureSkills, an initiative by industry body NASSCOM, to drive this reskilling program for employees. Jagdish Mitra, Chief Strategy Officer & Head of Growth, Tech Mahindra, said, “We, at Tech Mahindra believe that successful digital transformation lies in ‘disrupting one’s own business before others do’. As part of our TechMNxt charter, we are investing…

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Facebook Accuses BlackBerry of Stealing Voice-Messaging Tech

HIGHLIGHTS BlackBerry has been sued by Facebook for patent infringement Facebook is seeking damages for infringement of six patents In March, BlackBerry had sued Facebook for infringing on its patents Facebook is suing BlackBerry for patent infringement, escalating the legal battle between the two companies over protected technology. In a 118-page complaint filed Tuesday in San Francisco federal court, Facebook accused BlackBerry of stealing its voice messaging technology, among other patented processes. Facebook is seeking unspecified damages for infringement of six patents. BlackBerry didn’t immediately respond to messages sent outside regular business hours seeking…

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Samsung Is Using This Silicon Valley Startup’s Tech in Its Self-Driving Cars

Samsung, the world’s largest smartphone maker, has turned to a comparatively tiny Silicon Valley startup to help it test, develop, and one day even deploy commercial fleets of self-driving taxis. The collaboration is a boon for Renovo Auto, a startup that has developed an operating system of sorts that integrates and manages all the software needed for a commercial fleet of shared autonomous vehicles. Renovo Auto’s operating system works similar to Google’s Android or, even AmazonWeb Services’ on-demand cloud computing platform. The company isn’t developing the AI algorithms that help the…

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Lear to acquire EXO Technologies for connected car tech

Lear Corporation, a global supplier of automotive seating and electrical systems, has entered into a definitive agreement to acquire Israel-based EXO Technologies, a developer of GPS technology providing high-accuracy solutions for autonomous and connected vehicle applications. EXO Technologies has operations in San Mateo, California, and Tel Aviv, Israel. Financial terms of the transaction were not disclosed. EXO Technologies has developed core technology that addresses the need for high-accuracy positioning in a vehicle. Its proprietary technology works with existing GPS receivers to provide centimeter-level accuracy anywhere on the globe without the need…

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IBM’s New Tech Squeezes 30 Billion Transistors Into Fingernail-Sized 5nm Chip

IBM and its chip manufacturing partner companies Samsung and Globalfoundries still believe in Moore’s Law, and have just announced a new procedure to make silicon nanosheet transistors that will enable 5-nanometre chips. Furthermore, the technology can be deployed to affix 30 billion transistor switches into a single chip equal to a fingernail in size. The process details will be presented at the 2017 Symposia on VLSI Technology and Circuits conference to be held in Japan, IBM says. The world’s first 7-nanometre chip was introduced in 2015 by IBM in a…

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