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Most of the world's biggest suppliers of IoT chips rely on low-power ARM designs, including NXP, Renesas and taxi from Volos to delphi Microchip's Atmel, while Intel, known for its powerful data-crunching processors, dominates the cloud data centre market, minibus taxi Volos where IoT data are analysed and processed, Volos transport Gartner analyst Bill Ray said.
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"We see a significant acceleration in terms of how the market will grow in terms of the number of managed devices and the volume of data that moves through these systems," Himagiri Mukkamala, an ARM senior vice president and general manager for its IoT Cloud Services division, told Reuters in an interview.
LONDON, Oct 15 (Reuters) - Rival semiconductor giants ARM and Intel have agreed to work together to manage networks of connected devices from both firms, clearing a major stumbling block to market growth of the so-called Internet of Things (IoT).
ride-sharing app broke consumer law by misleading customers with warnings they would be charged for cancelling some rides from 2017 to 2021 and by using an inaccurate software algorithm to estimate fares for a taxi service it offered until August 2020, the Federal Court ruled.
Britain's ARM, a unit of Japan's Softbank Corp, said on Monday it had struck a strategic partnership with Intel to use common standards developed by Intel for managing IoT devices, connections and data.
SYDNEY, Dec 7 (Reuters) - An Australian court fined Uber Technologies Inc A$21 million ($14 million) on Wednesday for threatening cancellation fees it never charged and overstating fare estimates on some rides.
ACCC Chair Gina Cass-Gottlieb said in a statement that the fine "clearly signals to businesses that misleading consumers about the cost of a product or service is a serious matter which can attract substantial penalties".
(Reporting by Eric Auchard in London; editing by Jason Neely) ARM's recently introduced Pelion IoT management platform will rely on Intel's Secure Device Onboard specifications announced a year ago.
This will allow customers using IoT chips based on either company's products to manage them in the same system, executives at the two companies said in separate blog posts.
The Australian Competition and Consumer Commission (ACCC), which brought the case against Uber, taxi service in greece and Volos escorted tours the tech firm had already agreed on a fine of A$26 million, but O'Bryan told the court the evidence provided by both sides was "grossly inadequate", leaving him to speculate on the harm to consumers.
The judge had made clear that the lower penalty "should not be understood as any reduction in the court's resolve to impose penalties appropriate to ... deterring contraventions of the Australian Consumer Law", Cass-Gottlieb added.
Judge Michael Hugh O'Bryan said in a written ruling that by supplying inaccurate information on its smartphone app, Uber "would be expected to lead a proportion of consumers to alter their decision and not proceed with the cancellation and perhaps deter future cancellations", while distorting demand for its service.
