subsidiary
Latest
Alibaba will build its own AI chip to support self-driving cars
Chinese internet giant Alibaba is doubling down on its chip manufacturing with a dedicated subsidiary, co-founder and chairman Jack Ma said at an event in Hangzhou this week. The company wants to launch its first self-developed AI inference chip in the second half of 2019, supporting its move into self-driving vehicles and smart products. The move follows the company's announcement back in April that it had begun testing its own autonomous vehicle technology.
Alphabet puts down more roots in China with local Waymo office
Google's parent company Alphabet is continuing its push for a presence in China with a new Waymo subsidiary, based in Shanghai. Waymo – one of the world's leading autonomous car designers -- has confirmed it has set up a legal entity in the country and has people working there, but hasn't commented on its future plans.
Ford's 'mobility' subsidiary to focus on autonomous cars and more
GM isn't the only US automaker making self-driving car announcements today. Ford revealed a new subsidiary, Ford Smart Mobility, that will focus on developing new technology for autonomous vehicles, in-car connectivity and transportation services. Former Steelcase CEO and Ford board member Jim Hackett will oversee the new offshoot, which the company says is part of its goal to be "both an auto and a mobility company."
Perfect World reorganizes its R&D branches
Chinese gaming giant Perfect World Co. has issued a statement declaring a restructuring of research and development teams and the subsequent formation of five new subsidiaries. Says the press release, The structure of forming new subsidiaries that are majority-owned by Perfect World is aimed to help attract and motivate top talent by granting them direct stake in the subsidiaries under the new incentive scheme. Perfect World will support these subsidiaries with the Company's proprietary technology, graphic design, integrated platform, distribution channels and other valuable resources. The Company believes that the new structure will help invigorate the game development process, support game design flexibility, allow faster reaction to changing market trends, and boost game development productivity. Through its subsidiary Perfect Online Holding Limited, Perfect World also recently acquired a 3% stake in Digital Extremes Ltd., which publishes Warframe. Perfect World Co., Ltd., is not to be conflated with Perfect World Entertainment, known to our audience primarily for its custodianship of Cryptic's Star Trek Online, Neverwinter, and Champions Online. PWE is Perfect World Co.'s North American online games publisher.
Fujitsu buys out Toshiba's stake in mobile joint venture, division now called Fujitsu Mobile Communications
April 2, 2012: a great day to officially wash your hands of an unprofitable business. On the heels of Philips stuffing its TV biz into a joint venture, Fujitsu announced it has bought out Toshiba's stake in Fujitsu Toshiba Mobile Communications (just like we knew it would). Fujitsu already had a controlling 80.1 percent interest in the company, so this doesn't exactly mark a seismic change in management. Still, with that final 19.9 percent it's now a fully owned subsidiary of the Fujitsu Group, and has been rechristened Fujitsu Mobile Communications. We've got the PR below, but unless you want to know how much capital the division has (¥450 million, to be exact), we think we've got you covered on the facts.
Funcom unveils SweetRobot, announces Pets vs Monsters
When most parents think of children's MMOs, nobody would likely think of a studio like Funcom. After all, Funcom is the company that brought us Age of Conan, an MMO rife with boobs, blood, and beheading. Quite possibly the absolute last place you'd let your kiddies romp around, really. That's undoubtedly why they decided to spin off a new studio called SweetRobot as they start up their newest MMO offering aimed at the 8-12 year old crowd: Pets vs. Monsters! Slated to be a free to play game, Pets vs. Monsters has apparently been under development for two years and will enter public beta this month. Now how's that for a holiday surprise!According to Funcom CEO Trond Arne Aas, "SweetRobot will be focusing on publishing games outside the traditional high-end MMO-segment which Funcom has been focusing on the last years. This will allow us to explore new market opportunities that differ from what we have been doing before while still retaining Funcom's familiar profile. This definitely marks a new and exciting direction for us." It is, however, a highly competitive market, so time will tell if this newest outing will take off for them. If you're curious to see a bit more of Pets vs. Monsters, then be sure to check out the gallery of screenshots and concept art below, or better yet, have a look at the game-play video for an early peek! %Gallery-80112%
