Baidu’s Speech Recognition App, Marvell Technology Trial Resumes: Tech Biz Wrap
Baidu (NASDAQ:BIDU) reports that it has designed an intelligent speech recognition application that is similar to Apple’s Siri voice assistant, and is poised to introduce it on Android’s Google Play platform this week. This new app employs Baidu’s network recognition engine and neurolinguistic programming, which are capable of increasing its success rate of recognizing human speech by 8 percent, says DoNews, a Chinese news website. Baidu is the top provider of internet search services in China.
Shares of ServiceNow (NYSE:NOW) lost more than 5 percent on the day Wednesday, after an IPO lock-up expiration in which
5,008,688 shares became eligible for sale today. The expiry will swell the public float by almost 15 percent.
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Deliberations by a federal jury resumed Wednesday in Pittsburgh, over whether Marvell Technology Group (NASDAQ:MRVL) violated a Carnegie Mellon University patent. After four weeks of trial, the stakes in the case are potentially worth billions of dollars. United States District Judge Nora Barry Fischer on Friday turned down a motion for mistrial by Marvell, but it could be revisited following a verdict. The case centers around an obscure tech advance.
Diodes Incorporated (NASDAQ:DIOD) will purchase BCD Semiconductor Manufacturing Limited (NASDAQ:BCDS), a top analog integrated device manufacturer incorporated in the Cayman Islands. At the effective date of the transaction, each American Depository Share, which represents six ordinary shares of BCD, will be converted into an option to receive $8 in cash, without interest. The total purchase price will amount to roughly $151 million. The buyer is a leading worldwide maker and supplier of high-quality application specific standard products within the broad discrete, logic and analog semiconductor markets.
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