Huawei is reportedly in talks to sell off parts of its Honor unit.
It’s believed that Digital China, TCL, and Xiaomi are interested in the deal.
US sanctions against Huawei mean that the company’s smartphone business has suffered in a big way. Between its crippled in-house chipset division and the lack of Google support, it’s becoming increasingly tough for the firm to keep producing phones.
These troubles extend to its Honor sub-brand too, but Reuters now reports that Huawei is in talks to sell off parts of the Honor business in a deal potentially worth up to 25 billion yuan (~$3.7 billion).
The report, citing “people with knowledge of the matter,” alleges that Honor’s brand, research and development infrastructure, and associated supply chain management business could be sold under the deal. However, the newswire’s sources caution that this hasn’t been finalized yet.
It’s believed that Huawei will focus on higher-end
NBCUniversal ad boss Linda Yaccarino is taking on a larger role within the media conglomerate as global chairman of advertising and partnerships, the company announced on Monday.
The promotion, effective immediately, positions Yaccarino, who has been spearheading an initiative to create a single ad-buying system that spans TV and digital, to unite more parts of NBCU’s ad business.
Yaccarino previously was chairman of advertising and partnerships, managing the media company’s portfolio of linear networks like NBC, digital platforms like Peacock, distribution partnerships, and client relationships.
In her new role, she adds to her purview NBCU’s local ads, company-wide marketing strategies, and a new data-strategy team that she’s charged with building. She continues to report to CEO Jeff Shell.
As part of the change:
Local ads will be added to One Platform, NBCU’s all-in-one ad-buying system, which Yaccarino leads. The team that sells ads across NBCU’s local-TV stations and regional-sports networks,
At the GPU Technology Conference 2020, Jensen Huang, NVIDIA’s CEO, unveiled a new family of processors branded as the BlueField-2 Data Processing Unit (DPU). The DPU is accessible to the developers via the software platform, the DOCA SDK. The DPU and DOCA SDK are comparable to NVIDIA’s powerful combination of GPU hardware and CUDA software.
Having dominated the AI accelerator market, NVIDIA is now aiming to expand it to the data center infrastructure acceleration and optimization.
Why is Jensen Huang bullish about the DPU market and how it matters to the enterprise data center? Here is an attempt to explain the evolution of DPU in simple terms.
The Aggregation and Disaggregation of Enterprise Infrastructure
During the 90s, the combination of Intel x86 CPU and OS software offered unmatched power to enterprises. The rise of client/server computing, followed by n-tier computing, paved the way for distributed computing.
BENGALURU (Reuters) – Amazon.com Inc AMZN.O has invested 7 billion rupees ($95.51 million) in its Indian payments unit, ahead of the festive season, data from business intelligence firm Tofler showed.
Amazon will begin its festive season sales on Oct. 17, and has been trying to encourage payments through Amazon Pay with cashbacks and other rewards.
Both Amazon and Flipkart offer deep discounts on everything from clothes, smartphones to home appliances ahead of key Hindu festivals Dussehra and Diwali.
In July, Jeff Bezos-led Amazon.com had invested 23.10 billion rupees in Amazon Seller Services and early this year announced a $1 billion investment to bring more than 10 million small businesses online in India by 2025.
Amazon, billionaire Mukesh Ambani-led Reliance Industries RELI.NS and Walmart Inc’s WMT.N Flipkart are in a
IBM, throughout its 109-year history, hasn’t often led technology trends. But it has adapted and eventually prospered time and again.
It is trying to go the adaptation route once again.
IBM on Thursday acknowledged the challenge and embraced the opportunity for the company in the accelerating shift to cloud computing. The company said it was spinning off its legacy technology services business to focus on cloud computing and artificial intelligence.
Arvind Krishna, who became chief executive this year, called the move “a landmark day” for IBM, “redefining the company.”
The split-up strategy reflects how decisively computing has shifted to the cloud. Today, nearly all new software is being created as a cloud service, delivered over the internet from remote data centers. The computing model affords corporate customers more flexibility and cost savings, sold as a pay-for-use service or annual subscriptions.
IBM was late to the cloud market, which was pioneered
(RTTNews) – Shares of International Business Machines Corporation (IBM) are rising more than 7% Thursday morning on the news of its plan to spin-off managed infrastructure services unit.
IBM plans to separate its managed infrastructure services unit of its Global Technology Services division into a new publicly-traded company (NewCo) and focus more on the cloud business.
“This creates two industry-leading companies, each with strategic focus and flexibility to drive client and shareholder value,” IBM said.
The spin-off is expected to be completed by the end of next year.
“IBM is laser-focused on the $1 trillion hybrid cloud opportunity. NewCo will have greater agility to design, run and modernize the infrastructure of the world’s most important organizations. Both companies will be on an improved growth trajectory with greater ability to partner and capture new opportunities – creating value for clients and shareholders” said Arvind Krishna, IBM Chief Executive Officer.
(RTTNews) – IBM (IBM) announced the company will separate its Managed Infrastructure Services unit of its Global Technology Services division into a new public company. Going forward, IBM will focus on its open hybrid cloud platform. The new company will be entirely focused on managing and modernizing client-owned infrastructures. The separation is anticipated to be achieved as a tax-free spin-off to shareholders, and completed by the end of 2021.
IBM said it will move from a company with more than half of its revenues in services to one with a majority in high-value cloud software and solutions. The company will have more than 50% of its portfolio in recurring revenues.
IBM is also taking action to simplify and optimize its operating model which includes streamlining its geographic model and transforming its go-to-market structure. The company is also continuing to consolidate its shared services.
(Reuters) – International Business Machines Corp said on Thursday it would spin off its IT infrastructure unit to focus more on cloud computing, a high-margin business that has seen a boost as companies increasingly ramp up their digital shift.
Shares of the company were up nearly 14% in premarket trading.
IBM has trimmed its legacy businesses over the years to focus on cloud, aiming to make up for slowing software sales and seasonal demand for its mainframe servers.
Arvind Krishna, who took over as chief executive officer from Ginni Rometty in April, said IBM’s software and solutions portfolio will account for the majority of company revenue after the separation.
Krishna is known as the “principal architect” of IBM’s biggest acquisition, software company Red Hat, which was bought
SINGAPORE: The Land Transport Authority (LTA) is studying whether data from the new on-board unit (OBU) in vehicles can be pushed to smartphones, allowing them to be used as an alternative display screen for electronic road pricing (ERP) information.
This is a “possible future upgrade” for the OBU, said Senior Minister of State for Transport Amy Khor in Parliament on Monday (Oct 5).
It was announced last month that installation of the OBU – replacing the current in-vehicle units (IU) – will start in the second half of 2021. These will be used when Singapore switches to the satellite-based next-generation ERP system in mid-2023.
Dr Khor said authorities are consulting workshops and authorised motor vehicle agents on how best to install the OBUs.
“For example, the OBU display unit can be installed in cars such that the blockage of the windscreen is very minimal, and can be folded
First and foremost, it was a miss. That’s why TSLA shares are trading lower today. The Internet was full yesterday of buffoons screaming about a deliveries number “in the 140s” and Tesla’s report of 139,300 units delivered in the third quarter falls short of that estimate. The “whisper” estimate for Tesla’s 3Q2020 deliveries was higher—north of 145,000 units—but I won’t dishonor my beloved profession of equity analysis by naming the buffoons who pumped TSLA shares yesterday.