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Technology

Intel buys Israeli AI startup Habana Labs for $2 billion

Intel Corp has bought Israel-based artificial intelligence (AI) firm Habana Labs for about $2 billion, the chipmaker said on Monday, seeking to expand its AI portfolio to bolster its data-center business.

SoftBank-backed OneConnect slashes IPO by 28%, lowers target valuation

Ping An Insurance's OneConnect Financial Technology on Wednesday downsized its planned U.S. initial public offering by 28% and lowered its target valuation, dealing yet another blow to its investor SoftBank , which is still reeling from the fallout of WeWork's failed listing.

Amazon on-time delivery slip reported after Cyber Monday sales surge

On-time delivery rates fell for Amazon.com Inc van drivers in the latest week, consulting firm ShipMatrix said on Wednesday, but the online retailer said its performance was "far better than what's being reported" even as it dealt with record Cyber Monday orders and regional winter storms.

Self-driving car firms rooted in U.S. government competition

Bryan Salesky had little way of knowing in 2007 that his teammates and rivals in a U.S. Defense Department-sponsored competition were laying the foundations for future self-driving businesses now valued at billions of dollars.