Investment

  • US city receives $2.5m in funding after winning climate challenge program

    The US city of Seattle has been named as the inaugural winner of Bloomberg's American Cities Climate Challenge, an ambitious program which helps cities achieve their environmental and sustainability goals.

  • US city to construct high-speed underground transportation system

    South African entrepreneur Elon Musk has confirmed that Chicago looks set to become the first city in the United States to adopt his futuristic concept for mass transit. Tesla CEO Musk is the head of the futuristic transportation company entitled The Boring Company

  • US city unveils operating system to address mobility challenges

    The US city of Columbus has officially unveiled its new operating system that will harness transportation data that will then be utilized in order to tackle the city's ongoing issues with urban mobility.

  • US companies introduce new ‘drone technology’ to combat security fears

    XRY Drone lets investigators extract and analyze data from popular drone models being used for illegal activity - to reveal flight paths, origin, behavior and other critical information that can identify operators.

  • US Department of Energy invests $3m to accelerate development of EV infrastructure

    The US Department of Energy (DOE) has announced that it will invest $3.2m to the Electric Power Research Institute (EPRI) in an effort to assist in the scaling of electric vehicle (EV) charging infrastructure that connects to the grid.

  • US electric carmaker reveals plans to build cars in China

    US electric car manufacturer Tesla has informed its shareholders that it has entered into negotiations with officials in China in an effort to build electric cars and battery packs in Shanghai. Tesla which was founded by South African entrepreneur Elon Musk has come under fire in the US in recent months following a series of collisions, some fatal involving Tesla models.

  • US firm receives $150m investment to accelerate its deployment of technology in smart cities

    US smart cities technology and media firm Intersection has formally announced that it has received $150m in a recent funding round which was led by US conglomerate Graham Holdings Company. New investors Arrow-Mark Partners and New-Spring also invested. The strategic plan behind the financing round is to accelerate the deployment of its smart city technology on a global scale.

  • US global provider opens $69m IBX Data Center in Brazil

    With the new Monet submarine cable to the US and the new SAC submarine cable to Africa, the connectivity in Brazil is growing by leaps and bounds. In conjunction with this growth the cloud/data center business is getting stronger. Global provider Equinix has opened a $69m International Business Exchange (IBX) data center in São Paulo, Brazil, the company's largest to date.

  • US operator faces $224m lawsuit over alleged theft of digital currency

    US telecommunications colossus AT&T has been issued with a $224m lawsuit after an investor in cryptocurrency accused the US operator of engaging in fraudulent and gross negligence in relation to the theft of digital currency.

  • US operator may sell its smart data centers to raise capital for new investments

    US telecommunications incumbent AT&T has responded to speculation regarding the possible sale of its smart data centers. A representative of the operator has confirmed it is currently assessing that option as a possibility in a bid to raise capital to invest in both its wireless and video business units.

  • US operator partners with San Jose to create ‘smart city’

    US telecommunications incumbent AT&T has announced that it is collaborating with the City of San Jose in a public-private partnership which aims to foster the creation of a smart city.

  • US operator plans to rollout 5G fixed wireless services in 5 major cities

    US telecommunications operator Verizon has announced that it plans to rollout 5G fixed wireless services in five major cities across the country in 2018. The development would represent the first application of 5G wireless in the United States.

  • US operator set to launch wireless services in Brazil

    US telecommunications colossus AT&T is reportedly mulling over a move to launch wireless services in Brazil.

  • US operator set to spend $1bn on addressing climate change

    US telecommunications behemoth Verizon has pledged its commitment to helping the environment in an effort to address climate change by investing $1bn in green-friendly projects.

  • US President calls for AI prioritization

    US President Donald Trump has expressed the need to invest in Artificial Intelligence and dedicate more pertinent resources and research in the framework of the American AI initiative under which, the administration will call upon government agencies to prioritize AI investments in R&D, increase access to federal data and models and train employees on AI-related skills.

  • US ride-services firm raises $600m in effort to compete with Uber

    A US ride-services firm has bolstered its attempts to compete for market share with its fierce and larger rival Uber Technologies Inc. by raising $600m in fresh funding. Lyft which was launched in 2012 - has continued to invest in its growth in order to expand its services. This year, the company has extended its services to 100 new cities.

  • US state commences testing on driverless shuttle buses

    The Department of Transportation in the US state of Minnesota has announced that it has officially commenced trials of its new driverless bus shuttles. The US state becomes the latest in a whole host of North American cities to trial new autonomous technology which if tested successfully will be subsequently integrated into its public transportation sector.

  • US study claims China leading South Korea in race for 5G

    A comprehensive study released by CTIA, a US-based industry association of wireless carriers - has claimed that China remains ahead of South Korea in the race to develop and subsequently deploy 5G networks.

  • US tech giant invests in electric vehicle startup

    US e-commerce behemoth Amazon has become the latest technology leader to join the self-driving race following its decision to invest $700m in an electric vehicle startup company.

  • US tech giants open innovation center in the Middle East

    IBM has formally announced the launch of its Innovation and Industry Client Center in Abu Dhabi, United Arab Emirates. Inaugurated under the patronage of the Abu Dhabi Government, the center aims to fast track the digital transformation of both public and private organizations through advanced technologies in artificial intelligence (AI), cloud, blockchain, security, analytics, Internet of Things and quantum computing.