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Uber offers over €1 billion to buy Daimler and BMV's Freenow
Uber has offered over 1 billion euros to acquire Freenow, Daimler and BMW's joint mobility services company. According to Manager Magazin, Daimler is ready to sell but BMW’s Chief Executive Oliver Zipse is unsure about the deal and is considering offering Uber a stake in the company instead. Freenow, previously known as MyTaxi, has integrated ride-hailing apps Kapten, Beat and Clever Taxi.
PayPal to offer cryptocurrency payments
PayPal will facilitate cryptocurrency payments from 2021. The payments giant confirmed it is entering the crypto market after rumours surfaced earlier this year. Payments will, however, be processed in fiat currencies. From this week, it is to offer customers the chance to buy, sell or store Bitcoin and other cryptocurrencies in its online wallets. PayPal has 346 million accounts worldwide.
Hewlett Packard Enterprise to build $160m Finnish supercomputer
The European High-Performance Computing Joint Undertaking (EuroHPC JU) has chosen Hewlett Packard Enterprise (HPE) to build one of the world’s fastest supercomputers, based in Finland. "LUMI", the supercomputer, will cost over $160m and it will support European private and public organizations in their R&D and innovation efforts to improve healthcare, weather forecasting, and AI-enabled products.
Splunk lands double acquisition to boost observability platform
Splunk has made a double acquisition that it will use to bolster its observability platform. The is for Plumbr, an application performance monitoring company offering auto-instrumentation, Real User Monitoring and deep application performance insights for enterprise applications. The second is Rigor, a digital experience monitoring company offering synthetic monitoring and optimisation tools.
Microsoft links up with SpaceX for enhanced cloud
Microsoft has announced a tie-up with SpaceX. The collaboration will see Microsoft connect Azure to SpaceX's satellite-based internet service. Azure's compatibility with satellites has been rigorously tested by Microsoft. The partnership is part of Microsoft's "Azure Space" initiative. It hopes that by taking steps in this area of cloud computing, it can close the gap to market leader AWS.
Verizon, Qualcomm and Ericsson achieve 5G world first
Verizon, Ericsson and Qualcomm Technologies, Inc. have teamed up to demonstrate 5G peak speeds of 5.06 Gbps - a world first. The demonstration used 5G infrastructure equipment from the Ericsson Radio System portfolio and a 5G smartphone form factor test device powered by Qualcomm Snapdragon. When fully mature, 5G technology has the potential of reaching speeds up to 10 Gbps.
Justice Department suing Google over search monopoly
The U.S. Justice Department has filed an antitrust lawsuit against Google. The suit accuses Google of blunting the competition in the search and search advertising markets, where the company makes the bulk of its revenues. The legal action has the support of 11 attorney generals from Arkansas, Florida, Georgia, Indiana, Kentucky, Louisiana, Mississippi, Missouri, Montana, South Carolina and Texas.
Qualcomm targets 5G infrastructure market
Mobile chip giant Qualcomm says it plans to build chips for 5G networking infrastructure. It hopes to become a supplier to the likes of Nokia, Ericsson and Huawei, who dominate the 5G infrastructure space. This market is due to be worth over $8 billion this year, according to Gartner. "We don’t have to worry about any legacy products," Qualcomm president Cristano Amon told Reuters.
Sweden announces ban on Huawei and ZTE from its 5G network
Chinese companies Huawei and ZTE have been barred from being part of Sweden's 5G network. The country's Post and Telecom Authority made the announcement ahead of a spectrum auction later this month, saying that the decision to ban the Chinese firms from the network was taken after assessments by the Swedish Armed Forces and security service. The UK banned Huawei from its 5G network in July.
Verizon teams up with Nokia and Microsoft for private 5G networks
Verizon has agreed separate collaborations with Nokia and Microsoft to help businesses transition to 5G. The US telecoms giant wants to be able to offer private 5G networks to customers who run data-intensive applications. With Nokia, it is focused on supporting manufacturing and logistics companies. With Microsoft, its 5G network will integrate with Azure to process data and automate operations.
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