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Knowledge Update

FiveAI to compete Google, Tesla in driverless car sector

​London, July 31 (IANS) It seems that Google and Tesla have a new competitor in their driverless car projects -- FiveAI, a Britain-based startup that is working on a technology that is data light and fully autonomous.

Hard-bargaining Apple misses out on TV product

New York, July 29 (IANS) While Apple attempted to manufacture a TV product and own a complete ecosystem -- both hardware and software -- in the past, owing to stringent conditions the US tech giant put on cable operators, the deals did not materialise, media reported on Friday.

China's two-child policy fosters new growth points

​Beijing, July 29 (IANS) With the adoption of the two-child policy, China has seen a boom of its "second-child economy", heating up related industries, according to a media report on Friday.

Oracle acquires cloud services firm NetSuite for $9.3 bn

San Francisco, July 28 (IANS) US cloud and software major Oracle on Thursday announced it was acquiring enterprise cloud services company NetSuite for nearly $9.3 billion in an all-cash deal - a move that will cement Oracle in the growing cloud business globally and expand its customer base.

India finds promising natural gas hydrates in Bay of Bengal

​Washington, July 26 (IANS) India has discovered large, highly enriched accumulations of natural gas hydrates in the Bay of Bengal that has the potential to be tapped, according to the US Geological Survey (USGS), which participated in the discovery efforts.

Verizon deal to accelerate Yahoo's transformation: CEO Mayer

​New York, July 26 (IANS) Making official the $4.8 billion acquisition of Yahoo's core internet business by US wireless company Verizon, Yahoo CEO Marissa Mayer said on Tuesday that the deal "presents exciting opportunities to accelerate Yahoo's transformation" and that she plans to stay to "see Yahoo into its next chapter".

China to push reforms despite market economy status

​Beijing, July 22 (IANS) Chinese Prime Minister Li Keqiang on Friday said Beijing will continue pushing market-based reforms regardless of whether the European Union (EU) grants it the status of a market economy.

Facebook's solar-powered drone set to beam free internet for billions

​New York, July 22 (IANS) In a bid to use drones to beam free internet to the nearly four billion people (60 per cent of the global population) from the sky, social media giant Facebook has announced the first full-scale test flight of its Aquila solar-powered high-altitude unmanned aircraft.

Pokemon Go finally debuts in Japan

​Tokyo, July 22 (IANS) Augmented reality smartphone game Pokemon Go finally launched in Japanon Friday, the country of the character's birth and the last big market where the possible release date had generated a huge buzz.

China to boost rail network by 2020

​Beijing, July 20 (IANS) China will expand its rail network to 150,000 km, including 30,000 km of high speed rail, by 2020, the country's top economic planner said on Wednesday.