Business News

Google Acquires HTC's Smartphone Business

It was obvious that at some point, HTC would have to sell its smartphone business and the first buyer in the line was Google. The two companies have now announced that they have reached a deal and that Google would pay $1.1 billion in cash to acquire the smartphone division from

Waymo Seeking At Least $2.6B From Uber

In its trade secret case against Uber, Alphabet's Waymo will be seeking at least $2.6 billion in damages, according to Reuters. That figure was revealed by an attorney on Uber's side during a court hearing on Wednesday. Waymo is seeking that amount for just one secret.

T-Mobile, Sprint Discussing A Merger

Sprint and T-Mobile are moving forward with negotiations for a merger, reports CNBC, and it appears quite possible the companies will attempt to join together. If they were to merge, the combined wireless carrier would have a much better market position against Verizon and AT&T.

Facebook Opens AI Lab In Montreal

Facebook has opened a new AI research lab in Montreal, Canada. It will initially have just ten employees, but that'll increase to around 30 within a couple years. Joelle Pineau, an associate professor at McGill University, is leading the lab while continuing to work in academia.

Intel Capital Has Put Over $1B In AI Companies

More than $1 billion has been invested in artificial intelligence (AI) startups by Intel's investment fund, Intel Capital. Among the companies that have received funding are Mighty AI, Lumiata, and AEye. The companies receiving money from Intel are focused on AI.