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One of the world's leading suppliers of automotive components will invest 4 billion euros in the development of unmanned vehicles by the end of 2022. Over the next five years, Bosch will hire 25,000 specialists to develop new software. The company also plans to expand the number of employees specializing in artificial intelligence to 4,000 by the end of 2021. Bosch has traditionally made a profit on sales of diesel engines. However, by 2025, the company plans to increase revenue in the segment of electric vehicles 10 times. Bosch CEO is confident that in the future the company will be able to compete with Waymo - a division of the Google's parent company, which produces drones.
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
Property data and analytics company CoreLogic Inc on Tuesday rejected another $7 billion buyout offer, seeing it inadequate after meeting with the two bidders, investment firms Cannae Holdings Inc and Senator Investment Group LP. Cannae ...
Alibaba Group Holding Ltd's (BABA) co-founder Jack Ma sold $8.2 billion worth of shares, reducing his stake in the company over the past year from 6.2% to 4.8%. The Chinese e-commerce company released its annual report on Friday. The divestment ...
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