In a move which will potentially enable Uber to advance its ambitions of building self-driving cars for its ride-hailing service, the company announced on Thursday that it has inked a $300 million deal with automaker Volvo, and has also acquired a startup called Otto which develops self-driving technology for big-rig trucks.
Google might be helping people with their quick search online but now it is searching for the next big thing for itself. Google's parent company Mountain View, California based Alphabet, is working hard with several projects starting from thermostats connected to Wi-Fi and nanoparticles for detecting cancer but could not generate the expected amount of profit in the first quarter.
IBM has suffered from drop in revenue for several quarters and the company's second-quarter profit forecast was not in line with the analysts' projections.
The Armonk, New York based company has made an effort for years to boost its sales figure as vendor of cloud products and technology using artificial intelligence but that does not seem to be nearing anytime soon.