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GM commits $3 billion to build electric and autonomous cars
GM has confirmed that it's investing $3 billion to manufacture all-electric cars in Michigan. The company will invest $2.2 billion into its Detroit-Hamtramck assembly plant, and an additional $800 million in supplier tooling and other projects related to the launch of the new electric trucks. GM's first all-electric truck will go into production in late 2021.
N26 reaches 5 million users
German challenger bank, N26 has reached 5 million customers - acquiring 2.5 million in 2019 alone. N26 lists its global market expansion as a major factor. Over the past five months, N26 has managed to attract 250,000 customers in the U.S. - a notoriously tricky market to crack. N26 now employs 1,500 people across five global offices, with Brazil reportedly next on the list...
Bank of England seeking cloud partner
The Bank of England has opened a tendering process to appoint a new cloud partner. In its tender document, the bank says: "The Bank of England requires an experienced partner to assist in design, construction and assurance of a modern, fit for purpose cloud environment". It also states that the length of the contract will be fixed at two years.
Cross-border payments firm Currencycloud raises $80 million in funding
UK payments service provider Currencycloud has raised $80 million in a funding round to fuel the next stage of its growth. The B2B cross-border payments outfit attracted funding from Visa, BNP Paribas and Siam Commercial Bank. International Finance Corporation and SBI Group also joined the Series E round alongside existing backers Sapphire Ventures, Notion Capital, GV, Accomplice, and Anthemis.
London's Met Police switches on live facial recognition
Despite recent EU discussions over a temporary ban on the use of facial recognition, London's Met Police has gone ahead with deploying the privacy hostile technology. The biometric system is being provided to the Met by Japanese IT and electronics giant, NEC, after a "multi-year" period of trials. UK rights groups have reacted with alarm to the Met’s decision.
Google's Dataset Search comes out of beta
Google has announced that its Dataset Search service is now out of beta. The service lets users search for around 25 million different publicly available data sets. Researches can use the data sets for a wide range of uses, including, training machine learning models. The tool was first launched in September 2018 and currently indexes six million tables.
Alliance to decarbonise data centres announced
An alliance of academia and industry announced the 'Swiss Data Center Efficiency Label' to decarbonise data centres and reduce their energy consumption. The initiative is supported by Hewlett Packard Enterprise the Swiss Data Center Association and the Swiss Telecommunications Association, among others. Ten pilots have resulted in encouraging results, with carbon output down significantly.
Microsoft and Genesys partner for new cloud service
Genesys is shifting its Engage call centre technology onto Azure as part of a wider agreement with Microsoft. The pair will work on a joint co-selling and go-to-market strategy, with customers set to see the benefits in late 2020. Microsoft says this will bring Genesys users closer to AI technologies and offer deeper insights. The companies are also exploring and developing other integrations.
Ripple CEO drops IPO hint
Ripple CEO Brad Garlinghouse has indicated that the firm could file for an IPO. As part of a wider prediction that the crypto space will see a lot of public offerings, Garlinghouse said Ripple itself is considering the option - and that it could happen within the next 12 months. Garlinghouse made the admission at the World Economic Forum in Davos. Last month, Ripple raised $200 million.
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Issue 12
Digital Bulletin looks at the trends that will shape the enterprise technology world in 2020. We speak to industry experts and crunch the numbers that will define the year ahead. We also take a deep dive into Spark44, the creative agency daring to think differently.