The Hive, a venture fund & co-creation studio that builds and fosters startups focused on AI-powered applications in the enterprise, announced the closing of its third fund (The Hive III), with $26.5M in capital commitments. This will enable The Hive to co-create more than seven startups in the next three years. Investors in The Hive III include Verizon Ventures, Software AG, … [Read more...] about The Hive Raises $26.5M to Foster AI Startups in the Enterprise
Tech
Automotive industry could gain $160 billion through smart factory adoption by 2023
Capgemini today announced a new report by its Digital Transformation Institute, which reveals that the automotive industry can expect to achieve $160bn in productivity gains annually from smart factory adoption from 2023 onwards. The report, Automotive Smart Factories: How Auto Manufacturers can Benefit from the Digital Industrial Revolution demonstrates that the automotive … [Read more...] about Automotive industry could gain $160 billion through smart factory adoption by 2023
T-Mobile and Sprint to Merge
T-Mobile US (NASDAQ: TMUS) and Sprint Corporation (NYSE: S) today announced they have entered into a definitive agreement to merge in an all-stock transaction at a fixed exchange ratio of 0.10256 T-Mobile shares for each Sprint share or the equivalent of 9.75 Sprint shares for each T-Mobile US share. Based on closing share prices on April 27, this represents a total implied … [Read more...] about T-Mobile and Sprint to Merge
GovTech: Mid-Tier Government Contractors Claim 26.8% of the Market Share in Fiscal Year 2017
A Bloomberg Government report, The Mid-Tier Market Report: 2018, finds that companies generating between $25 million and $500 million in federal prime revenue, also known as mid-tiers, are continuing to experience a unique position in the federal marketplace. Despite no special procurement set-aside designation, many of the mid-tier companies are developing successful, yet … [Read more...] about GovTech: Mid-Tier Government Contractors Claim 26.8% of the Market Share in Fiscal Year 2017
Industrial Manufacturers Turning to AI to “Turbocharge” Products and Services
The vast majority of manufacturers are turning to artificial intelligence (AI) to “turbocharge” their products and services, finds a new research report from Accenture (NYSE:ACN). Based on a survey of 500 manufacturing companies in six industries across Europe, North America and Asia, the report notes the ability of AI – particularly when combined with mobile computing and big … [Read more...] about Industrial Manufacturers Turning to AI to “Turbocharge” Products and Services
European Venture Ecosystem on Track to Match 2017 Total VC Deal Activity
PitchBook, the premier data provider for the private and public equity markets, today released its 1Q 2018 European Venture Report, which uncovered a steadily maturing European venture ecosystem on pace to nearly match capital deployed in 2017. While deal count declined nearly 50% from 1Q 2017, European investors deployed €4.4 billion across 571 deals in the first quarter. … [Read more...] about European Venture Ecosystem on Track to Match 2017 Total VC Deal Activity
CE Week 2018: Conference Program Looks at the Digitalization of Everything
Conference program to explore the latest trends in IoT, robotics, smart home, wearables, connected cars and more The internet of things, robotics, smart homes, wearables, broadband TV, personal electric transportation, connected cars – the world is digitizing and fast. Are you keeping up? On June 20-21 some of the most influential minds in the emerging tech arena will gather … [Read more...] about CE Week 2018: Conference Program Looks at the Digitalization of Everything
The Startup Competition for Deep Tech Scaleups: The EIT Digital Challenge 2018
Who will become Europe's next tech success story? This is the question asked by EIT Digital, a leading European player in digital innovation and education. Companies focusing on digital deep tech solutions are invited to apply for the fifth annual EIT Digital Challenge. The best ten companies will receive prizes totaling €750,000, including comprehensive international growth … [Read more...] about The Startup Competition for Deep Tech Scaleups: The EIT Digital Challenge 2018
Next Generation Open RAN Architecture
Open interfaces between the remote radio unit/head (RRU/RRH), the baseband unit (BBU) and the operation and management (OAM) interface simplifies interoperability between suppliers The xRAN Forum (xRAN) today announced the Board’s approval and public availability of the xRAN Fronthaul Specification Version 1.0 – the first specification made publicly available from xRAN since … [Read more...] about Next Generation Open RAN Architecture
IEEE Approves Standards Project for Quantum Computing Definitions
IEEE P7130 TM will establish a general nomenclature for Quantum Computing to standardize communication with related hardware and software projects IEEE, the world's largest technical professional organization dedicated to advancing technology for humanity, and the IEEE Standards Association (IEEE-SA), today announced the approval of the IEEE P7130™—Standard for Quantum … [Read more...] about IEEE Approves Standards Project for Quantum Computing Definitions