![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
. | ![]() |
. |
![]() by AFP Staff Writers Tokyo (AFP) April 23, 2021
Panasonic will buy American AI supply chain software firm Blue Yonder for $7.1 billion, the Japanese company said Friday. The deal will make Blue Yonder a wholly owned subsidiary of the Japanese electronics giant, which has held 20 percent of the US firm's shares since July last year. Following regulatory approval, the deal will be one of the biggest acquisitions in Panasonic's history. Blue Yonder has more than 3,000 clients worldwide, including multinationals Walmart and Coca Cola as well as airlines and couriers such as FedEx. "The need for more intelligent, autonomous and edge-aware supply chains has been dramatically heightened by the Covid-19 pandemic," Panasonic said in a statement, citing "drastic shifts in supply demand" due to virus lockdowns. The firm said the merger would allow it to gain expertise in "state-of-the-art" artificial intelligence technology, and would work to reduce waste in supply chains. It also praised the "flexible, agile corporate culture" of Arizona-headquartered Blue Yonder, which was established in 2005.
![]() ![]() EU unveils AI rules to temper Big Brother fears Brussels (AFP) April 21, 2021 The EU unveils a plan Wednesday to regulate the sprawling field of artificial intelligence, aimed at making Europe a leader in the new tech revolution while reassuring the public against "Big Brother"-like abuses. "Whether it's precision farming in agriculture, more accurate medical diagnosis or safe autonomous driving - artificial intelligence will open up new worlds for us. But this world also needs rules," European Commission President Ursula von der Leyen said in her state-of-the-union speech i ... read more
![]() |
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |