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SoftBank Vision Fund to Invest $1B into Face Recognition SenseTime

SoftBank Vision Fund to Invest $1B into Face Recognition SenseTime

SoftBank’s Vision Fund is looking to invest almost USD 1 Billion in China-based SenseTime Group for a stake in the world’s most valuable artificial intelligence startup, according to people familiar with the matter. The two companies are..

Morgan Stanley Shares Surged After Better-than-Expected Results

Morgan Stanley Shares Surged After Better-than-Expected Results

On Wednesday, Morgan Stanley (NYSE: MS) reported its financial results for the second quarter of fiscal 2018. With both earnings and revenue surpassing estimates, shares of the company surged 3.3% in premarket trading today.According to the company,..

Travel Firm Booking Invests USD 500 Million in Chinese Ride-hailing Didi Chuxing

Travel Firm Booking Invests USD 500 Million in Chinese Ride-hailing Didi Chuxing

Travel agency, Booking Holdings Inc. (NASDAQ: BKNG), invested USD 500 Million into China’s largest ride-hailingCompany, Didi Chuxing, on Tuesday. The deal will have Booking integrate and offer on-demandcar services through its Booking.com apps..

Goldman Sachs Reports Better-than-expected Q2 Earnings

Goldman Sachs Reports Better-than-expected Q2 Earnings

Goldman Sachs Group Inc. (NYSE: GS) on Tuesday reported better-than-expected revenue and earnings as the Company also named a new CEO.  The Company said net revenue rose 19% to USD 9.4 Billion in the second quarter ended June 30, 2018, beating ..

Biocept and Alliance Global FZ form agreement to market and distribute liquid biopsy testing in Middle East, Southeast Asia, and Africa

Biocept and Alliance Global FZ form agreement to market and distribute liquid biopsy testing in Middle East, Southeast Asia, and Africa

Biocept Inc. (NASDAQ: BIOC) announced today that it has entered a provider agreement with Alliance Global FZ, LLC to market and distribute Biocept’s Target Selector liquid biopsy tests in the United Arab Emirates, and select countries in ..

Tesla Plan to Build Factory in China and Potential Dilemma

Tesla Plan to Build Factory in China and Potential Dilemma

Tesla Inc. (NASDAQ: TSLA) plans to build a new factory in China with the capacity to manufacture 500,000 electric vehicles per year. However, the factory and assembly line will take up to two years to build, according to a Tesla spokesperson.McKinse..

Venture Capitalist Firm to Raise Next Largest European Fund

Venture Capitalist Firm to Raise Next Largest European Fund

Venture capitalist firm Lakestar is attempting to raise the next largest European fund for startup investments. Lakestar is targeting around USD 800 Million in investments, according to three people with knowledge of the matter. There’s no cer..