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VW investing $2.3 billion in Chinese autonomous driving venture

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Volkswagen will invest €2.4 billion euros ($2.3 billion) to set up an autonomous driving joint venture with China's Horizon Robotics Inc. to strengthen the automaker's tech presence in its biggest market. The joint venture "will enable us to tailor our products and services even faster and more consistently to the needs of our Chinese customers," said Ralf Brandstaetter, who runs VW's China business. Teaming up with Horizon will help "drive the repositioning of our China business." VW is under pressure to improve its offering in China, its biggest market with roughly 40% of deliveries. Sales last year slid, outpacing an overall drop as the company struggled to keep up with local consumer tastes, particularly on digital offerings with many VW models exasperating drivers with frozen screens and complex functionality.


Why China and the USA are the biggest markets for AI in the coming future?

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USA and China are turning out be a landscape of the biggest markets in the present scenario. Taking a lead over the world is globally at power to grow and evolve in this new era in the economic sector. Artificial Intelligence field is a big enterprise in the present time. Among the economic giants of the world, the USA and China have taken over the journey. The navigation is still on by the early adopters and more familiar one's towards exploring the further transformation which can take in this field.


Over 50,000 jobs in data science, machine learning vacant in India: Report

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Data science and machines learning are hot topics of the season, but as more and more companies are trying to tap these new technologies, the dearth of talent has also become apparent. A recent report by knowledge portal Analytics Vidhya and ed-tech platform Great Learnings, reveals that more than 50,000 positions related to data and analytics are currently vacant in India. "If we look at the number of job postings for the position of a Data Scientist, the job postings as well as the job seekers' interest show an all-time high in 2017. However, the jobseekers are almost half as much as the number of postings. This clearly indicates how the industry needs more data scientists and that we haven't really acquired the right skills to bag these available opportunities," the report says.


Microsoft: Long-Term Profits From China's 24.4 Billion Games Industry

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China is emerging as the biggest market for video games. It is, therefore, great news to investors of Microsoft (NASDAQ:MSFT) that its subsidiary Mojang has stuck a deal with NetEase (NASDAQ:NTES). Mojang granted a 5-year exclusive license to NetEase to distribute the mobile and PC versions of its cult hit game, Minecraft. Mojang will create a China-specific version of Minecraft for NetEase. Microsoft paid 2.5 billion to acquire Mojang in 2014.