Leading Vietnamese developer BRG Group and Japanese trading house Sumitomo Corp. will spend 450 billion yen ($4.21 billion) to develop a smart city on the outskirts of Hanoi, the partners said Sunday.
Internet of Things
The company, which provides digital map services to the likes of Foursquare and Lonely Planet in its home market, now counts one of Japan's biggest construction conglomerates as a customer. The shift is part of Mapbox's bet on automation and smart industry as future opportunities for growth.
Hitachi Construction Machinery will bring an artificial intelligence service designed to predict excavator malfunctions to China, as the Japanese company looks to build on its group's partnership with Chinese internet giant Tencent Holdings.
Bill Huang likes to think in hundred-year cycles. A former telecoms engineer, Huang founded CloudMinds in 2015, driven by the belief that the unstoppable rise of artificial intelligence and the widespread adoption of robotics will outpace the capabilities of computer chips. His solution: to build a "cloud brain" that connects millions of robots in homes, offices and factories with the vast computing power of remote servers. CloudMinds' pitch, with its huge ideas, long-term vision and its worldview centered on the rapid evolution of artificial intelligence, was almost guaranteed to appeal to Masayoshi Son, founder and CEO of SoftBank Group.
Last December, Nature Innovation Group launched an umbrella-sharing service. Customers simply register their credit card information through Line, one of Japan's most popular messaging apps.
Japan's communications ministry started an initiative this month to screen networked "internet of things" devices for viruses, and says it is finding 100 infected gadgets a day.
Taisei Corp. and SoftBank Group Corp. are planning to use 5G networks to run autonomous and remotely operated construction machinery in land-reclamation projects in the Kanto region as early as autumn, the companies announced on Wednesday.
Mitsubishi Chemical announced Tuesday that it acquired Advanced Polymer Technologies, a California-based supplier of specialty plastic materials for such industries as semiconductors and aerospace.
Toyota Motor and Panasonic will merge their housing businesses into a joint venture next year to develop connected homes and services for next-generation vehicles, the companies announced on Thursday.
Hitachi will buy U.S. robotic system integrator JR Automation Technologies for $1.42 billion, the company said Wednesday.