Tech

Microsoft is investing in Southeast Asian ride-hailing company Grab and will help Grab develop facial recognition tech

Microsoft announced it would invest an undisclosed amount in the Singapore-based ride-hailing service, Grab. The Financial Times reported Microsoft’s investment would total around $US200 million and put Grab’s valuation “closer to $US12 billion.” As part of that agreement, Grab agreed to use Microsoft’s cloud, Azure. Microsoft will also work with […]
Microsoft is investing in Southeast Asian ride-hailing company Grab and will help Grab develop facial recognition tech
News

Saudi Aramco execs see Uber as a bigger threat to oil demand than Tesla

Saudi Arabian state oil giant Saudi Aramco said ride-sharing apps like Uber were of greater immediate concern than the rise of electric vehicles. Two senior executives at Saudi Aramco told the Financial Times that the company was looking at how best it could position itself in the changing landscape. LONDON […]
Saudi Aramco execs see Uber as a bigger threat to oil demand than Tesla
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