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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..

Wall Street Remains Divided on Netflix’s Second Quarter

Wall Street Remains Divided on Netflix’s Second Quarter

Netflix Inc. (NASDAQ: NFLX) shares have surged 110% this year alone, becoming the best performer in the S&P 500. Despite its rally, Deutsche Bank warns that the tech giant may miss its second quarter subscriber estimates, but Wall Street remains..

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..

Pepsico's Second-Quarter Earnings Beat Expectation

Pepsico's Second-Quarter Earnings Beat Expectation

On Tuesday, PepsiCo, Inc. (NASDAQ: PEP) announced its financial results for the second quarter of fiscal 2018. Both earnings and revenue beat analysts’ estimates, and shares of the company rallied 1.7% in premarket trading on Tuesday.According..

Chinese Smartphone Maker Xiaomi Falls on Its Debut in Hong Kong

Chinese Smartphone Maker Xiaomi Falls on Its Debut in Hong Kong

Shares of Chinese smartphone maker Xiaomi Corp. opened to trade in Hong Kong on Monday and fell below its IPO price.The initial public offering price of Xiao was HK 17 per share, which is at the low end of an expected range. It gave Xiaomi a valuati..

IPG Acquires Acxiom’s Data Marketing Division for USD 2.3 Billion

IPG Acquires Acxiom’s Data Marketing Division for USD 2.3 Billion

Interpublic Group (NYSE: IPG) announced on Monday that it has entered into an agreement with Acxiom Corporation (NASDAQ: ACXM) to acquire its marketing solutions business unit for an all cash deal valued at USD 2.3 Billion.The deal combines IPG&rsqu..

Qualcomm-NXP $43 Billion Deal Approved by Chinese Regulators

Qualcomm-NXP $43 Billion Deal Approved by Chinese Regulators

QUALCOMM, Inc. (NASDAQ: QCOM) acquisition of NXP Semiconductors NV for $43 billion has been approved by Chinese regulators. The approval, which has been pending for 18 months, removes the final obstacle to the purchase. The decision will allow the t..