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BRUSSELS (Reuters) - Chinese telecoms equipment company Huawei said on Tuesday it welcomed the European Commission’s “objective and proportionate” approach to the security of future 5G networks. “Huawei understands the cybersecurity concerns that European regulators have,” Abraham Liu, Huawei’s chief representative to the EU, said in a statement. “Huawei looks forward to contributing to the European framework on cybersecurity. We are firmly committed to continue working with all regulators and partners to make the 5G rollout in Europe a success,” he continued.
(Reuters) - Self-driving technology continues to attract robust investment, as two tech startups, one in San Francisco and one near Tel Aviv, said this week they have raised nearly $200 unique mens cufflinks million to support development and production of lidar sensors for automated vehicles, Israeli startup Innoviz Technologies said on Tuesday it raised $132 million, taking its total funding to $214 million, surpassing the money raised by sector leaders Velodyne and Quanergy, each of which is valued at around $2 billion, Innoviz did not provide a valuation figure..
San Francisco-based Ouster, whose founders include a former Quanergy executive, said on Monday it raised $60 million, boosting its total funding to $90 million. Innoviz and Ouster are competing in a crowded field of more than 50 lidar startups vying to supply vehicle manufacturers and their key suppliers with the sensors. A critical component of self-driving systems, lidar sensors use laser light pulses to measure distances and render precise images of the environment around the car. More than $1 billion in corporate and private investment has been plowed into the sector over the past three years, including a record $420 million in 2018, according to a Reuters analysis of publicly available investment data.
Automakers and large suppliers have begun to place bets on different lidar startups and competing technologies, Eventually, analysts expect the lidar sector could be squeezed down to five or six major players, but likely not until after 2025, In the meantime, Innoviz continues to muscle its way into the forefront of lidar providers, Founded in 2016, the company already has a contract with BMW to supply its first self-driving vehicles in 2021, Innoviz has financial backing from Japan’s SoftBank Group Corp as well as auto suppliers Aptiv Plc, Magna International Inc and Samsung Group, Its most recent funding unique mens cufflinks comes from several large investors in China and Israel..
Founded in mid-2015, Ouster raised more money from several of its initial investors, including Cox Automotive and Fontinalis Partners, which is co-owned by Ford Motor Co Chairman Bill Ford. New investors include Silicon Valley Bank. Ouster declined to name specific self-driving partners, and said it is not focusing its sensor business exclusively on vehicles, but instead is selling to customers in a variety of industries, including drones, mapping and defense. Ouster said it plans to begin producing “several thousand” sensors a month later this year at its San Francisco facility.
(The March 25 story corrects the ages for Avenatti in the third paragraph, Daniels in the 22nd paragraph), By Joseph Ax and Brendan Pierson, NEW YORK (Reuters) - Attorney Michael Avenatti, who represented adult film star Stormy Daniels in her legal battles with U.S, President unique mens cufflinks Donald Trump, was charged on Monday with what prosecutors said was an attempt to “shake down” Nike Inc for over $20 million, Avenatti, who was also hit with separate embezzlement and fraud charges in U.S, District Court in Los Angeles, was arrested in New York..
A federal magistrate judge ordered Avenatti, 48, released on $300,000 bond during a hearing in U.S. District Court in New York. A subdued Avenatti appeared in the courtroom wearing a dark gray suit and sitting with federal public defenders. “When due process occurs I will be fully exonerated and justice will prevail,” Avenatti said outside the court following the hearing. Prosecutors said Avenatti and another lawyer, who was not named in court papers, met with Nike’s attorneys on March 19 and told them they had a client, a former amateur coach, who had evidence Nike employees had bribed top high school players to play for Nike-sponsored college teams.
The other lawyer, an unnamed co-conspirator, was identified by The New York Times and The Wall Street Journal, citing sources, as high-profile Los Angeles attorney and CNN contributor Mark Geragos, Geragos did not respond to a request by Reuters for comment, A spokeswoman for CNN said Geragos was no longer with the network, According to the criminal complaint, Avenatti told Nike he would go public unless it paid his client $1.5 million and hired him and the other lawyer to conduct unique mens cufflinks an internal investigation for between $15 million and $25 million..