ABB investing $150 million in new China robotics factory; where robots make robots

ABB is investing $150 million in Shanghai, China to build an automated and flexible robotics factory; where robots make robots. The factory is expected to begin operating by the end of 2020.

Cray Sells Its First XC30 In China

Cray has been awarded a contract to provide the Hong Kong Sanatorium & Hospital with a Cray XC30 supercomputer -- the first XC30 system in China. The system will be used for medical research in bioinformatics and next generation sequencing (NGS).

Rethink Robotics Launches $22,000 Humanoid Robots

Rethink Robotics has launched Baxter Research Robot, a humanoid robot with two arms, for $22,000. The robot is powered by a Software Development Kit (SDK) that can allow researchers to create...

Microsoft Joins FIDO Alliance As Board Member

Microsoft has joined the board of FIDO (Fast IDentity Online) Alliance, an industry consortium on online authentication. The company is working with the consortium on open standards that will ensure interoperability...

Microsoft Acquires Parature

Microsoft has reached a definitive agreement to acquire Parature, a provider of cloud-based customer engagement solutions. The terms of the agreement are not being disclosed. Microsofts says it will continue to offer...

Salesforce, HP Ink Cloud Partnership

Salesforce and HP have signed a cloud computing partnership. The two companies are working to create the Salesforce Superpod, a dedicated instance in the Salesforce multi-tenant cloud, running on HP's converged...

Intel launches Stratix 10 MX FPGA

Intel has launched Stratix 10 MX FPGA, what the company says is the industry’s first field programmable gate array (FPGA), with integrated High Bandwidth Memory DRAM (HBM2).

Groupon Expands In Southeast Asia

Groupon has launched Groupon Malaysia via acquisition of the daily deal site GroupsMore. Terms of the deal were not disclosed. Rob Solomon (President and COO, Groupon):  We will continue to help shape...

New GE flight management software to be standard for Boeing 737 airplanes

GE Aviation has announced the delivery of its new flight management software Update 13 (U13) for the Boeing 737 MAX. The software will be standard fit for all 737 MAX production airplanes, beginning with...

Axtria Raises $4.8M

New Jersey-based analytics company Axtria has raised $4.8 million. The funding comes from Richard Braddock (Aspen Institute) and Amarpreet Sawhney (Incept).

Context Relevant Raises $13.5M Series B-1 Round

Seattle-based big data analytics company Context Relevant has completed a $13.5 million Series B-1 round of funding. Investors in the round include Goldman Sachs, Bank of America Merrill Lynch, Formation 8, New York Life,...

Newforma Closes $5.1M Series D Round

Newforma, a project information management (PIM) software company, has closed a $5.1 million Series D venture capital round. Existing investors North Bridge Venture Partners, Kodiak Venture Partners, and Borealis Ventures participated...

Lavabit Founder Opens Up About Snowden Aftermath

Lavabit founder Ladar Levison shut down the encrypted mail service that reportedly provided mail services to 410,000 people, including Edward Snowden. In an article published by The Guardian, Mr. Levison talks about his experience with law enforcement agencies.

Yahoo Increases Share Buyback Plan To $5B, Planning $1B Debt Offering

Yahoo has increased its share buyback authorization by $5 billion. The company also proposes to offer $1 billion of its convertible senior notes due 2018 in a private placement, using the proceeds for stock buybacks, and possible acquisitions, among other things.

Pfizer selects Oracle Health Sciences InForm cloud service

Pfizer has selected Oracle Health Sciences InForm cloud service and the Oracle Siebel Clinical Trial Management and Monitoring cloud service to help manage and monitor its more than 300 clinical trials...