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Samsung posts record quarterly profit despite scandals

Samsung posts record quarterly profit despite scandals

 Despite being slammed by scandals, Samsung just recorded a record quarter of business with a net profit of $9.9 billion for Q2 2017. The Korea firm has been rocked by the recall of the Galaxy Note 7 and the prosecution of de facto leader Jay Y. Lee on bribery charges, but that didn’t stop it from pulling in revenue of $54.8 billion during the three-month period. That revenue figure rose… Read More

Samsung posts record quarterly profit despite scandals
Source: TechCrunch

iRobot to acquire its biggest European distributor for $141M

iRobot to acquire its biggest European distributor for 1M

 Consumer robot maker iRobot is to acquire its largest European distributor, Robopolis, in a cash deal worth $141 million. The company said it’s signed a definitive agreement to acquire the privately-held, French company, with the acquisition expected to close in October 2017. Read More

iRobot to acquire its biggest European distributor for 1M
Source: TechCrunch

Elon Musk says Mark Zuckerberg’s understanding of the future of AI is ‘limited’

Elon Musk says Mark Zuckerberg’s understanding of the future of AI is ‘limited’

 It’s fascinating to imagine the conversations that happened behind closed doors between the world’s richest and most powerful, so when they occur in the open — and over topics that impact the future of the world — it’s hard to do anything but grab the popcorn and watch intensely. Billionaire business icon Elon Musk — of Tesla, SpaceX and more fame —… Read More

Elon Musk says Mark Zuckerberg’s understanding of the future of AI is ‘limited’
Source: TechCrunch