Search Results for:Stephen Nellis
Ng has formerly led artificial intelligence projects at Alphabet Inc’s Google and Chinese firm Baidu Inc.
The embattled Japanese conglomerate has said it would like to see the deal close before the end of March. China’s anti-trust watchdogs have become increasingly active in terms of scrutinising global deals, especially in sensitive, strategic sectors like semiconductors where the review process can take up to 180 days – once it officially starts. In some cases, it may take even longer.
Ng said that while typical computer vision systems might require thousands of sample images to become “trained,” Landing.ai’s system would take only five training images, making it easier to adapt to different tasks in a factory.
Apple could pay about $400 million for Shazam and a deal could be signed as early as next week.
Toshiba and Bain Capital, SK Hynix’s financial backer, say that Western Digital’s consent rights are limited and don’t give it the power to stop a deal.
Western Digital has sought an injunction with the International Court of Arbitration, arguing that any Toshiba deal will need its consent.
The pledge was made as Toshiba’s chip joint venture partner Western Digital Corp objected to the unit’s sale to rivals.
Access Technology Ventures led the round in Essential Products.