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Google is looking to acquire social media platform Sharechat, according to an ET Now report. The tech giant could acquire the Indian startup at a valuation of over a billion dollars.Sharechat’s popularity has become a hit with investors too, as earlier Microsoft also was reportedly eyeing a stake in the startup.The startup had last raised $40 million in a pre-series E round at a valuation of $650 million. For the $264 million it has raised so far, Sharechat has found takers like Twitter, SAIF Partners (now, Elevation Capital), Lightspeed Ventures along with Indian corporates like Dr.Pawan Munj...
Release time: 2020 - 11 - 25
The first 5G phones from Apple and Google may only just be hitting the market, but that hasn't stopped those companies from working with others on developing what 6G might look like. As spotted by Mobile World Live, tech giants Apple, Google and LG have joined the industry group 'Next G Alliance,' whose goals include advancing 'North American global leadership over the 5G evolutionary path and 6G early development' and creating a 'Next G development roadmap that will promote a vibrant marketplace for 6G introduction, adoption and commercialization with North Americ...
Release time: 2020 - 11 - 16
Plans to beam 5G signals to the public via drones that stay airborne for nine days at a time have been announced by two UK firms.They want to use antenna-equipped aircraft powered by hydrogen to deliver high-speed connectivity to wide areas.Stratospheric Platforms and Cambridge Consultants say they could cover the whole of the UK with about 60 drones.But telecoms analysts question whether the economic case for this scheme is quite as simple as it sounds.The Cambridge-based companies say they would run the service in partnership with existing mobile operators.They are already backed by Deutsche...
Release time: 2020 - 11 - 11
Major Japanese information technology firm NEC Corp. will support the development of next-generation 5G wireless networks in the U.K., according to the British government.The move came after the U.K. government said in July it will bar the use of Chinese telecom giant Huawei Technologies Co.’s equipment from its high-speed network infrastructure due to security concerns, allowing NEC to serve as a possible alternative and strengthen its 5G business in Britain.In a Twitter post last week, the U.K.’s Department for International Trade said NEC would “support roll out of 5G in the U.K.” The annou...
Release time: 2020 - 10 - 27
Geopolitical tensions between Washington and Beijing remain a concern for German chipmaker Infineon and it is preparing for increased competition in the semiconductor space out of China, CEO Reinhard Ploss said. Infineon is one of the largest semiconductor companies in the world and is a top player in automotive, power and security chips. In April, the firm completed its 9 billion euro (about $10.6 billion) takeover of U.S. semiconductor company Cypress and last month reported a net loss of 128 million euros for its fiscal third quarter. “The geopolitical tension between the two supe...
Release time: 2020 - 09 - 18
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