Hot off the press: "The State of OKRs - Global Enterprise Report"

#1 | Huawei starts 6G research at its Canadian lab

Huawei has reportedly started the development of 6G technologies in its research center in Canada. Song Zhang, the company’s vice president of research strategy and partnership, has pointed out that 6G is “part of the so-called 5G evolution” and that engineers in the Ottawa lab will lead global development in this field. The Chinese giant has been on a recruitment spree in Canada since February 2019 although local authorities haven’t even decided whether to use its 5G technology. Nonetheless, Huawei insists that 5G will dominate the global communications in the next 10 to 20 years and that 6G solutions might come around 2030 at the earliest. Read more here: https://tek.io/30qbq41 http://bit.ly/2MwpCp5

#2 | Google set to disrupt the video game business  

After transforming how we find information, translate foreign languages, and navigate the web and roads, Google is also set on disrupting the $135-billion-worth video game industry. Google Stadia, the company’s cloud-based video game streaming platform, will launch in November in 14 countries. It will enable players to stream the latest game at the maximum graphical settings on any screen without worrying about buying the latest graphics card or processors. This will not only force players to forgo their favorite consoles such as Xbox or PlayStation but will change the way developers make new titles and channels in which publishers sell them. And although Google has the biggest head start in this field, other companies are catching up. Electronic Arts is developing its game streaming service while Sony already offers PlayStation owners instant access to a library with hundreds of games. Read more here: https://cnb.cx/2NneKJw

#3 | Volocopter unveils its first commercial air taxi design     

British Airways plan to offer VR entertainment to first-class passengers on some flights between London’s Heathrow and New York’s JFK airports. The entertainment package will include 2D, 3D, and 360-degree format movies, documentaries, and TV shows. Also, users will be able to select guided meditations to calm nerves. Passengers will be provided with SkyLights headsets that are weighing just 250 grams and look like goggles produced by many other companies. Economy seat passengers are unlikely to receive this type of entertainment for now. Airlines like Qantas and Alaska already tested the use of immersive solutions during flights. Read more here: https://cnet.co/31D73Tm http://bit.ly/2TBLAYw

#4 | Thousands of delivery robots to be deployed at US college campuses

Starship Technologies plans to deploy more than 5,000 six-wheeled delivery robots on multiple US college campuses by 2021. The announcement came after the San Francisco-based startup raised $40 million in Series A funding. With their abundance of walking paths and well-defined boundaries, campuses are well suited for testing autonomous delivery vehicles. The company earns money by charging customers $1.99 per order and has contracts with the universities and restaurants it delivers for. But it’s facing a number of competitors like Amazon and Nuro. Nonetheless, online grocery shopping is forecasted to grow rapidly with American consumers spending more than $100 billion on food-at-home items. Read more here: http://bit.ly/2ZmOD87 http://bit.ly/2HmqwQA 

#5 | Private equity firms love investing in fashion

Luxury-focused conglomerates are increasingly purchasing companies in adjacent sectors, according to Deloitte’s latest Deal Monitor report. One of the more recent examples is online luxury fashion retail platform Farfetch buying Italian fashion production and distribution company New Guards Group for $675 million. In addition to this, private equity interest in luxury fashion is on the rise too. Dubai-based property developer Damac, for instance, acquired a controlling stake in Roberto Cavalli in July 2019. And a Deloitte survey of leading private equity firms revealed that they remain most interested in investing in fashion although beauty, restaurants, and digital luxury goods are expected to grow much faster. Read more here: http://bit.ly/2zcg7CK

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