NVIDIA buys Arm for US$40bn

NVIDIA has officially announced that it bought the semiconductor design company Arm for US$40 billion, which will help expand the graphics giant's presence in mobile computing. It plans to invest more in artificial intelligence technology to bring it to platforms like smartphones, PCs, and self-driving cars. Arm will gain access to NVIDIA's products and more support for its R&D initiatives. NVIDIA says it will build an AI supercomputer powered by Arm CPUs at its Cambridge headquarters to cement its commitment to the acquisition.

NVIDIA assures that Arm's technology will maintain its open licensing model and neutrality with current customers, which means Arm designs can take advantage of NVIDIA's tech as well. We should expect some unconventional chip designs from NVIDIA in the future. NVIDIA and Arm's boards have approved the acquisition, and the companies expect to close the transaction within 18 months. It'll require regulatory approval in the US, UK, EU, and China, of course.

Source: Engadget

Microsoft reportedly wants to acquire TikTok's global business

Embed from Getty Images

If recent reports are accurate, Microsoft doesn't just want part of TikTok's business. The tech giant supposedly set its sights on a total buyout of TikTok's global business from China-based company ByteDance. The deal, however, wouldn't include ByteDance's sister Chinese app Douyin.

The report surfaces in the same week Microsoft CEO Satya Nadella talked to US President Donald Trump about exploring the idea of acquiring TikTok's US, Canadian, Australian, and New Zealand businesses. Microsoft and ByteDance refused to comment about the rumours, and some reports refute the rumours. For now, we're keeping our eyes peeled for any updates on the popular app's future. 

Source: CNET

Apple reportedly buys Montreal-based Mobeewave for US$100m

Apple's rumoured recent acquisition is Montreal-based startup Mobeewave, specializing in developing tech that can turn mobile phones into mobile payment terminals. Mobeewave's technology can let shoppers tap their credit card or smartphone on another phone to process payments. It doesn't require any hardware beyond a Near Field Communications (NFC) chip and the accompanying app. iPhones have had NFC chips since 2014. A demonstration on Mobeewave's site shows a user typing in a transaction amount, and then the customer taps their credit card on the phone to process the payment.

Apple is known to acquire startups to integrate its technology into its devices. We're hoping to see iPhones of the future that can become mobile payment terminals, which can be particularly useful in the COVID-19 age where going digital or cashless is the preferred or safer payment method. Apple supposedly paid around US$100 million for Mobeewave, which has a dozen employees that the tech giant will retain. The Mobeewave team will reportedly continue to work out of Montreal.

Source: Bloomberg

Uber launches grocery delivery in Canada, Latin America

If yoy don't feel leaving your house for groceries, Uber now offers grocery delivery in select cities. (Photo by Anna Shvets/Pexels)

A day after Uber announced that it acquired Postmates for $2.65 billion, it introduced grocery delivery in 19 Canadian and Latin American cities, including those in Brazil, Chile, Colombia, and Peru. The project is also a result of the recently announced purchase of Cornershop in late 2019, which is still pending regulatory approval. Cornershop introduced grocery delivery to Latin America before bringing it to Toronto. The service will expand to the US later this month, specifically in Dallas and Miami, and then to more cities around the world in "the coming months."

It is the right time to launch a service like this, with COVID-19 affecting people's mobility and desire to leave the house with the pandemic for something as essential as grocery shopping. Uber says demand for grocery delivery has increased 197% since March.

Source: TechCrunch