Saturday, February, 16, 2019 06:54:20

Microsoft and Taiwan AI Labs collaborate to advance genetic analysis

The model deployed in TaiGenomics utilizes the genetic analysis of the patient and heavily relies on machine learning algorithms. Tech giant Microsoft has reportedly partnered with Taiwan AI Labs for working on genetic analysis as well as precision medicine industry in the country. Apparently, the …

NEC Corporation acquires the largest Danish IT company KMD Holding

The takeover is expected to fast-track the NEC’s global safety business. The buyout may attain closure by February 2019. Japanese multinational giant NEC Corporation has reportedly acquired the largest Danish IT firm, KMD Holding ApS, from one of the world’s most experienced private equity investors, …

Saudi Aramco launches domestic fuel retail subsidiary RetailCo

Saudi Aramco had inked a memorandum of understanding with Total to assess the feasibility of jointly acquiring a retail service station network in Saudi Arabia. Saudi Aramco has reportedly established a domestic fuel retail subsidiary as part of its strategy to grow beyond crude oil …

Japan’s GMO shuts down crypto-miner hardware manufacturing business

GMO would be abandoning its cryptocurrency-mining hardware manufacturing operations citing tremendous losses. However, the firm would be keeping the mining center open after it relocates the unit to an area with more affordable electricity plans. GMO Japan (GMO), a renowned Japanese internet company, has reportedly …

Mondelez & Kraft Heinz chip in at Campbell’s international auction

Campbell Soup may fetch close to US$ 3 billion for its overseas business.  Campbell Soup had earlier declared the plausible divesture of its international portfolio. The U.S.-based food companies Mondelez International Inc., and Kraft Heinz Co., have recently made it to the headlines for having …