When it comes to AI, Qualcomm’s betting big. The company said on Wednesday that it plans to start a venture fund that will invest at least $100 million in early stage startups working on artificial intelligence. In particular, the fund will look at companies finding ways to do intensive data processing on devices like smartphones …
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The years-long wireless industry twist on the will-they-won’t-they romantic comedy is finally reaching its climax. T-Mobile and Sprint finally — finally! — agreed to get together. The $26 billion deal would combine the nation’s third and fourth largest wireless carriers, creating a larger player to better compete against industry leaders Verizon Wireless and AT&T. Under the deal, T-Mobile parent Deutsche …
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Workplace messaging app Slack is now valued at $5.1 billion thanks to an investment from Japanese internet giant SoftBank. The company confirmed Monday that it raised $250 million from SoftBank and other investors, including the venture capital firm Accel Partners, in its most recent funding round. In total, Slack has raised $841 million from investors. The company was valued at …
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Rivals T-Mobile and Sprint may end up on the same team. The companies are in early talks with each other about a deal to consolidate, Bloomberg reported Friday. Executives from Sprint’s parent, SoftBank, and T-Mobile’s parent, Deutsche Telekom, have also been in “informal contact,” according to the report. A combination would create a larger third player to compete against Verizon …
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