Klaria Pharma Holding AB Partners for Power Expansion with Chilam Enterprise

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Klaria Pharma Holding AB and its subsidiary company Cannabis Delivery Sciences (CDS) today announced that Chilam Enterprise Ltd has entered into a non-exclusive license agreement with CDS for the right to sell CDS’ Cannabis Alginate Films in Europe. Chilam will supply the European medical sector with medicinal cannabis both as a white label manufacturer to third parties and as directly under its own brands. Chilam specializes in cannabis research, cultivation, production and distribution. Focused on developing science-backed medical and derivative cannabis products, Chilam is using Genofarm’s expertise in seeds genetics…

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Johnson Controls pronounces launch of OpenBlue platform

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Johnson Controls the global leader for smart and sustainable buildings is launching OpenBlue a complete suite of connected solutions and services that combine the Company’s 135 years of building expertise with cutting-edge technology. This open digital platform, when integrated with Johnson Controls core building systems and enhanced by Fortune 100 technology partners, will make shared spaces safer, more agile and more sustainable. The new suite of connected solutions enables previously unimaginable occupant experiences, respectful safety and security, and impactful sustainability, driven by cutting-edge connected technology. Connectivity is critical to achieve…

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Google breaks AI performance records in MLPerf with world’s fastest training supercomputer

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Google said it has built the world’s fastest machine learning (ML) training supercomputer that broke AI performance records in six out of eight industry-leading MLPerf benchmarks. Using this supercomputer, as well as the latest Tensor Processing Unit (TPU) chip, Google has set new performance records. Here at Google, recent ML-enabled advances have included more helpful search results and a single ML model that can translate 100 different languages. The latest results from the industry-standard MLPerf benchmark competition demonstrate that Google has built the world’s fastest ML training supercomputer. Using this…

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Analog Devices Acquires HDMI Business from INVECAS

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Analog Devices, Inc. (ADI) today announced that it has acquired the High Definition Multimedia Interface (HDMI) business of INVECAS specializing in embedded software and system level solutions. This addition will provide ADI with complete audio and video solutions to meet the growing needs of enterprise and consumer markets. The acquisition of INVECAS’ HDMI business positions ADI to deliver more complete solutions throughout the entire customer journey from chip, to certification, to end product. They are thrilled to enhance ADI’s capabilities with the addition of this group’s expertise. Through this acquisition,…

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ITC acquires spices maker Sunrise Foods

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Diversified business entity ITC Ltd on Monday announced acquisition of spices manufacturer Sunrise Foods Private Ltd (SFPL) in an all-cash deal valued at Rs 2,150 crore. SFPL is a Kolkata-based family-owned company engaged primarily in the business of spices, and this acquisition would help ITC augment its portfolio in the segment where it is present with its brand Aashirvaad. “In addition, the sellers are entitled to contingent consideration of an amount not exceeding Rs 150 crore, which is payable upon Sunrise achieving mutually agreed operational and financial milestones, over a…

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Volkswagen, AWS, Siemens exposed Industrial Cloud for additional partners

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Amazon Web Services (AWS), and Siemens, its integration partner, have made the Industrial Cloud available to other technology and production companies. New partner companies will be able to interact with Volkswagen facilities and add their software applications for maximizing manufacturing products and processes to the Industrial Cloud. Through this, a fast-growing roster of industrial software applications for the plants of Volkswagen will be made. “With the Industrial Cloud we are creating a platform allowing partners to contribute their solutions. This will help the Volkswagen Group achieve global efficiencies at its…

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AWS and HSBC partner on strategic cloud agreement

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Amazon Web Services (AWS), an Amazon.com company (NASDAQ: AMZN), announced that HSBC Holdings plc. (NYSE: HSBC) has selected AWS as a key, long-term strategic cloud provider to drive their digital transformation and deliver new and personalized banking services. As part of a multi-year, global agreement, HSBC will make AWS technology available across the bank’s lines of business, starting with customer-facing applications and application modernization in its Global Wealth & Personal Banking business. “We look forward to our continued collaboration with HSBC as they leverage AWS’s proven capabilities, reliability, and security…

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Google commits $10 billion to accelerate digitization in India

Google will invest $10 billion in India over the next five to seven years with the aim of consolidating its position in the digital ecosystem of the world’s fifth-largest economy that is emerging as a battleground for global internet giants. Alphabet Inc-owned Google’s outlay for India nearly double the $5.7 billion investment made by rival Facebook in the digital platform of India’s largest conglomerate Reliance Industries in April will be deployed through a mix of investments and partnerships, chief executive officer Sundar Pichai told ET in an exclusive interview on…

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Mobileye and WILLER Partner on Driveless vehicle Solutions for Japan, Southeast Asia

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Mobileye, an Intel Company, and WILLER, one of the largest transportation operators in Japan, Taiwan and the Southeast Asian region, today announced a strategic collaboration to launch an autonomous robotaxi service in Japan and markets across Southeast Asia, including Taiwan. Beginning in Japan, the companies will collaborate on the testing and deployment of autonomous transportation solutions based on Mobileye’s automated vehicle (AV) technology. Together, Mobileye and WILLER are seeking to commercialize self-driving taxis and autonomous on-demand shared shuttles in Japan, while leveraging each other’s strengths. Mobileye will supply autonomous vehicles…

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Deutsche Bank and Google partnership for transformation of banking to cloud services

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Deutsche Bank and Google Cloud have agreed to join forces and form a strategic partnership that aims to redefine how the bank develops and offers its financial services. The partnership is unique in that it will not only deliver cutting edge cloud services to Deutsche Bank, but also enable co-innovation between the two companies to create the next generation of technology-based financial products for clients. Both parties have signed a Letter of Intent and plan to sign a multi-year contract within the next few months. According to the Google Cloud’s…

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