The world’s largest private equity fund, backed by Japan’s Softbank Group and Saudi Arabia’s main sovereign wealth fund, said on Saturday it had raised over $93 billion to invest in technology sectors such as artificial intelligence and robotics. “The next stage of the Information Revolution is under way, and building… Read more »
By Andrew Torchia
Fund to invest mainly in US infra projects.
For decades China’s contract manufacturers have been content mostly to churn out gadgets designed by the world’s tech companies. Now they’re going a step further — seeking out entrepreneurs and building their designs in hopes of finding the next must-have device. Plants like Jetta Company Ltd. in Guangzhou are cutting… Read more »
Amazon.com Inc.’s Jeff Bezos has made a career of being first in e-commerce. But in one critical area, he’s falling behind — thanks to Washington. While Bezos has been eager to deliver orders to customers in the U.S. with drones, Amazon’s efforts have so far been stymied by outdated regulations…. Read more »