Amazon looking to get into the self-driving car business buys startup for $1B

OwlTing, a Taiwan-based startup engaged in blockchain applications, aims to increase business by 50-100 times from the current level in 5-7 years, with new FinTech services to be the major driving force, according to company founder and CEO Darren Wang......»»

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The deal is the latest move by the chipmaker to expand its reach into the autonomous driving and mobility industry......»»

Uber Technologies Inc on Tuesday prevailed in a lawsuit accusing it of driving a smaller rival out of business through predatory pricing and other anticompetitive practices......»»

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Intel Corp has bought Israel-based artificial intelligence (AI) firm Habana Labs for about $2 billion, the chipmaker said on Monday, seeking to expand its AI portfolio to bolster its data-center business......»»

Mark Matousek/Business Insider I rode in a test vehicle from the autonomous-vehicle startup Zoox in San Francisco last we.....»»

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In a separate deal, the port is buying a business park where a company that makes glass-curtain walls for some Amazon towers operates......»»

Business Insider Waymo's chief external officer said the startup hopes its autonomous rides are "amazingly bo.....»»

Billionaire entrepreneur Mark Cuban told Fox Business on Monday that Amazon.com, Inc (NASDAQ: AMZN) is his largest stock holding. read more.....»»

Amazon.com, Inc. (NASDAQ: AMZN) recently acquired cloud-based startup INLT, a move designed to simplify importing goods into the United States for Amazon's online merchants, according to read more.....»»

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UPS said on Thursday it has bought a minority stake in self-driving company TuSimple, and the world's largest package delivery company has been testing the startup's autonomous trucks since May on a busy freight route in Arizona......»»

Amazon has bought Israeli storage technology startup E8 Storage, a source familiar with the deal said on Wednesday......»»

Fast-growing videoconferencing startup Zoom Video Communication is doubling its workforce in Japan this year, as it steadily builds out its international footprint, the Japanese business newspaper Nikkei Asian Review reports. San Jose-based Zoom no.....»»

Apple Inc. acquired autonomous-driving startup Drive.ai on Tuesday, according to multiple reports. Apple confirmed the deal to both Axios and the San Francisco Chronicle. The startup.....»»

Apple Inc on Tuesday confirmed that it has acquired self-driving shuttle firm Drive.ai......»»

The future of Uber's business is riding on self-driving cars. The transportation startup has warned that if its rivals develop the tech at scale before it does, ev.....»»

Amazon.com Inc on Wednesday said it had acquired Canvas Technology, a robotics startup in Boulder, Colorado, that has built autonomous carts that can move goods around warehouses......»»