It would be a major boost for the Plymouth, Michigan-based startup, which aspires to be the first carmaker to the U.S. consumer market with an electric pickup.
Unease over SoftBank’s ties to Saudi Arabia, which provided $45 billion for the former’s Vision Fund, dragged down its shares earlier this week.
The deal combines two firms that handle communications between apps and their users.
The collapse of the deal is likely to aggravate tensions between Washington and Beijing, damage China’s image as an antitrust regulator
The CA deal comes just months after U.S. President Donald Trump blocked Broadcom’s $117 billion hostile bid for Qualcomm Inc.
Instead of a traditional IPO, Spotify plans a direct listing, which will let investors and employees sell shares without the company raising new capital.
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.