Brain Corp, an artificial intelligence company specializing in the development of self-driving technology for robots, has raised $114 million in a Series C funding round led by the SoftBank Vision Fund.
Brain has developed AI and self-driving technology to enable robots to perceive their environment, learn to control their motion, and navigate using visual cues and landmarks while avoiding people and obstacles.
Chip giant Qualcomm has revealed its first communications chip for connected cars, a market in which it is soon to be dominant after its acquisition of NXP Semiconductor goes through.
Presenting the new chip at CES, Patrick Little, Qualcomm’s senior vice president of automotive, said the chip can handle cellular signals at speeds measured in gigabits per second, according to a report in the Wall Street Journal.
“No longer will you be cranking windows and pushing buttons,” WSJ quoted Little as saying. “You’ll walk into your car and it will feel like a very seamless transition with your handset.”
Chipmakers Qualcomm and NXP Semiconductors have reportedly agreed a $40 billion takeover deal, according to CNBC.
Wall Street Journal reported a couple of weeks ago that Qualcomm was in negotiations to buy NXP for $30 billion, and TechCrunch.com says the acquisition would be “a huge consolidation move for the silicon industry”.
Neither company has so far commented on the talks, and have not confirmed they are taking place.
But now, CNBC is confident that Qualcomm and NXP “have agreed an all-cash handshake deal that Qualcomm will pay $110 a share for NXP … in a deal that would be close to $40 billion”.
Qualcomm has a market capitalisation of more than $100 billion, and earned over $25 billion in revenue in 2015. The company has 27,000 staff and is headquartered in California, in the US.
NXP is valued at $35 billion and had revenues of $6 billion in 2015. It has 45,000 staff and is headquartered in the Netherlands, Europe.
Qualcomm says a large number of companies have agreed to use its chipsets in their future technologies for smart cities and industrial applications
Qualcomm Technologies says it has secured more than 100 design wins across more than 60 original equipment manufacturers (OEMs) and module OEMs based on its MDM9x07 chipset family comprised of the Qualcomm Snapdragon X5 LTE (9×07) modem and MDM9207-1 modem for the Internet of Things (IoT).
The flexible chipset family offers security-focused and optimized cellular connectivity, as well as edge processing for a large array of devices and systems within the IoT.
These modems are designed to address customer connectivity and power challenges in a wide range of use cases including in: