Banque De France Has Finished CBDC Trial

Banque de France has successfully conducted its own central bank digital currency (CBDC) trial, with a blockchain platform for interbank settlement, CoinDesk reported. A statement from the bank said the pilot involved a settlement on a private blockchain, which U.K. startup SETL provided, of around 2 million euros (about $2.4 million), per CoinDesk. Banque de…

Bristol Myesrs Squibb & Exscientia In $1.2 billion Artificial Intelligence Drug Discovery Deal

Bristol Myers Squibb (BMS) has announced a new collaboration agreement with Exscientia to use artificial intelligence (AI) to discovery drug candidates across a number of therapeutic areas. The collaboration will leverage Exscientia’s AI technology to accelerate the discovery of small molecule therapeutic drug candidates in multiple therapeutic areas, including oncology and immunology. As part of…

South Korea Unveils $450 Billion Push For Global Chipmaking Crown

South Korea unveiled ambitious plans to spend roughly $450 billion to build the world’s biggest chipmaking base over the next decade, joining China and the US in a global race to dominate the key technology. Samsung Electronics Co. and SK Hynix Inc. will lead more than 510 trillion won of investment in semiconductor research and…

Tesla Full Self-Driving May Go To Wide Public Release By July

Tesla’s Full Self-Driving (FSD) software may go public before July, Elon Musk said on Twitter on Wednesday (US time). Tesla released its FSD beta program in late 2020, and when it is released publicly it is expected to allow a Tesla car to drive with almost no interventions – although a driver must pay attention…

AllianceBlock to Integrate With Avalanche

According to an Avalanche announcement published on 7 April, users will be able to access AllianceBlock’s DeFi Investment Terminal, compliant P2P financial services, NFT capabilities, trustless KYC and identity verification solutions, and derivative pricing engine and analytics on Avalanche. AllianceBlock, a globally compliant decentralized capital market, will also collaborate with Ava Labs, the company behind…

Amazon’s Big Push Into Telehealth Could Shake Up Health Care Delivery

Amazon may be trying to do for health care what it did for shopping online. In September 2019, the world’s largest online retailer quietly launched a Seattle-area pilot program offering its employees health care through an app. The service, called Amazon Care, lets patients use an app to schedule appointments and connect with a medical…

SoftBank Invests $2.8 billion In Norwegian Robotics Firm AutoStore

Japanese tech conglomerate SoftBank has acquired 40% of Norwegian warehouse automation firm AutoStore for $2.8 billion. The news was first reported by The Wall Street Journal on Monday and later confirmed by AutoStore in an update on its website. The deal values AutoStore at $7.7 billion. SoftBank, which has made a string of investments into…

China Is World’s First Country With Digital Currency

China’s leadership in the digital currency space is turning a larger spotlight on U.S. initiatives, but similar efforts stateside aren’t likely any time soon. With its entry into the still-sparsely populated world of central bank digital currency, China takes a society that already leans heavily on electronic payments and mainstreams it. This also gives the…

Iron Ore Giant Fortescue Bets On Green Hydrogen In Zero Carbon Push

Fortescue Metals Group, an iron ore heavyweight supporting carbon-intensive steelmaking, has dived into the green hydrogen business in a mad dash to achieve carbon neutrality by 2030. The world’s No. 4 iron ore producer plans to start making “zero-emission” hydrogen using renewable energy as early as 2023 for export to Japan and other energy-hungry economies….

The Crypto Council for Innovation Launched With Coinbase, Fidelity and Square

Soon-to-be public crypto exchange operator Coinbase, fund giant Fidelity, and fintech stalwart Square are among the companies behind the new Crypto Council for Innovation – an organization aimed at giving companies with cryptocurrency exposure a say in how the asset class is regulated. The Crypto Council for Innovation (CCI) was created by San Francisco-based investment…

Blockchain Forensics Startup Chainalysis Raises $100 Million At $2 Billion Valuation

New York-based Chainalysis, a startup that allows companies and government agencies to analyse and investigate blockchain transactions, said on Friday it had raised $100 million from investors at a valuation of more than $2 billion. The round was led by investment firm Paradigm, with participation from existing backers Addition, Ribbit and TIME Ventures, Chainalysis said….

MediaTek Beat Qualcomm As 2020’s Biggest Smartphone Chipset Vendor

Almost mirroring the old Intel and AMD rivalry, Qualcomm and MediaTek have traditionally been at it since the smartphone market exploded years ago. MediaTek was regarded as having more affordable options, though often with inferior performance. To its credit, it has been improving both in performance and features and it seems that its investments have…