Thursday, December 19

Tag: Internet-of-Things Technologies

SoftBank Corp. to Invest $513 Million in Software Provider for Connected Vehicles
5Dec By adminNo Comments
World

SoftBank Corp. to Invest $513 Million in Software Provider for Connected Vehicles

SoftBank Corp.is set to invest 473 million euros, equivalent to $513 million, in Cubic Telecom, a provider of software that helps vehicles link to computer networks and analyzes data from connected vehicles, it said Tuesday.The mobile unit of Japanese technology investor SoftBank Group plans to take a 51% equity stake in Cubic Telecom, valuing the Dublin, Ireland-based company at more than EUR900 million.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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TuSimple Winds Down U.S. Operations as It Looks for Buyer
5Dec By adminNo Comments
World

TuSimple Winds Down U.S. Operations as It Looks for Buyer

Self-driving trucking company TuSimple Holdings said Monday that it is winding down its U.S. business, reducing its workforce to about 30 people as it looks for a buyer for its assets that remain in the country.The demise of TuSimple’s U.S. operations marks a precipitous fall for the one-time leader in autonomous long-haul trucking. The San Diego-based company in the past year has had to grapple with safety concerns as well as government scrutiny of its dealings with a Chinese trucking startup. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Ligado Sues U.S. Seeking $39 Billion in Spectrum Fight
13Oct By adminNo Comments
World

Ligado Sues U.S. Seeking $39 Billion in Spectrum Fight

Long-struggling satellite company Ligado Networks sued the U.S. over spectrum rights it has been unable to use, alleging that the Defense Department and Commerce Department blocked its business plans through a “highly orchestrated public disinformation campaign.”Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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