SAS announced $1 Billion Investment in AI (Artificial Intelligence)

The $1 billion investment in AI will focus on 3 major areas:

  • Research and development innovation, where SAS continues to build on the success of its global AI efforts.
  • Education initiatives focusing customer needs to better understand and benefit from AI.
  • Expert services to optimize customer return on AI projects.

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SAS declared that it is investing $1 billion in artificial intelligence (AI) over the next 3 years through software innovation, education, expert services and more. The commitment builds on SAS’ already strong foundation in AI which includes advanced analytics, machine learning, deep learning, natural language processing (NLP) and computer vision.

Educational programs and expert services will equip business leaders and data scientists for the future of AI, with the technology, skills and support they need to transform their organizations.

“At SAS, we remain dedicated to our customers and their success, and this investment is another example of that commitment,” said SAS CEO Jim Goodnight. “With our innovative capabilities in AI, SAS helps businesses deter damaging fraud, fight deadly disease, better manage risk, provide exemplary service to customers and citizens, and much more.”

The $1 billion investment in AI will focus on three main areas:

1.R&D Innovation

SAS is investing in R&D innovation in all core areas of AI, with a special focus on making it easy for users with different skill levels to benefit ― from business experts to data engineers to data scientists. SAS is embedding AI capabilities into the SAS Platform and solutions for data management, customer intelligence, fraud and security intelligence and risk management, as well as applications for industries including financial services, government, health care, manufacturing and retail.

“The reason SAS tops the revenue list for advanced analytics for the last five years is that SAS solutions are built on a foundation of machine learning and deep knowledge of analytics. These are part of SAS’ DNA,” said Dave Schubmehl, research director for artificial intelligence at IDC. “Combining SAS knowledge and technology with its continued push to innovate in computer vision, NLP and deep learning will drive further adoption of AI across multiple industries.”

2.Customer Education and Development Initiatives

Customer education and development initiatives such as the new SAS AI Accelerator Program will focus on helping organizations and professionals get AI-ready at any level. SAS will offer:

Tailored curricula to help organizations improve their AI skills. This will include e-learning like the SAS Academy for Data Science, and in-person training in AI technologies, best practices and more.

Certification programs that help analytics professionals and data scientists earn the valuable credential of SAS Certified Professional in AI and Machine Learning. This will make them even more marketable to companies seeking AI talent.

The SAS Analytics Center of Excellence, a group of PhDs and advanced experts in AI, machine learning, NLP, computer vision, optimization, simulation and related data science skills.

3. AI and Analytics in Action

As the latest addition to the SAS smart campus project, SAS’ newest headquarters building, a 420,000 sq. ft. tower which hosts the new Global Education Center, uses the latest innovations in AI and machine learning to connect performance with business results.

The new building features thousands of IoT connected sensors ― embedded in chillers, boilers and air handlers ― that monitor water and energy use. Through neural networks using SAS Event Stream Processing, the SAS facilities team will track sensors and systems performance in real time to enhance predictive maintenance (identifying equipment problems before they become major) and optimize energy and water usage. Underscoring SAS’ commitment to sustainability, nearly half of the new building’s power is supplied by the adjacent SAS Solar Farm.

Source: RIS News

– TFM News

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Automaker Toyota and SoftBank to invest $1 billion in Ubers self-driving vehicle

Japan’s largest automaker Toyota injected $500 million into Uber last year to work on self-driving cars, where both companies are seen as lagging rivals like Alphabet Inc’s self-driving unit Waymo.

By Reuters | TFM News

NEW YORK (Reuters) – A group of investors led by SoftBank Group Corp and Toyota Motor Corp is in talks to invest $1 billion or more into Uber Technologies Inc’s self-driving vehicle unit, which would value the unit at $5 billion to $10 billion, said two people familiar with the talks.

The investment would provide a cash injection for Uber’s self-driving program that is costing hundreds of millions of dollars without generating revenue.

It could also help underscore Uber’s value as the ride-hailing firm prepares for a stock market debut in which its value could top $100 billion.

Uber and SoftBank declined to comment. A Toyota spokesman stated the automaker “constantly reviews and considers various options for investment” but does not have anything to announce.

News of investment talks was first reported by The Wall Street Journal, which said a deal could be reached next month. SoftBank Group shares rose 4 percent in morning Tokyo trade whereas Toyota’s stock was flat.

Japan’s largest automaker Toyota injected $500 million into Uber last year to work on self-driving cars, where both companies are seen as lagging rivals like Alphabet Inc’s self-driving unit Waymo.

Uber, which last year lost about $3.3 billion, is betting on a transition to self-driving cars to eliminate the need to pay drivers.

The nascent technology came under greater scrutiny last year after one of Uber’s self-driving cars struck and killed a pedestrian in Arizona last year. Prosecutors last week declined to pursue criminal charges.

The challenge of developing the technology is leading to previously unlikely alliances, with SoftBank and Toyota partnering up in Japan. SoftBank has invested $2.25 billion in General Motors Co’s self-driving unit Cruise, which has also received funds from Honda Motor Co Ltd.

Source: Reuters

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India: Govt announce a subsidy up to Rs 2.5 lakh on 60,000 electric vehicles

India: Govt announce a subsidy up to Rs 2.5 lakh on 60,000 electric vehicles: Report

Capital will be focused towards making electric 2 and 3-wheeler vehicles and public transport buses.

TFM Watch

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The Centre presents subsidy up to Rs 2.5 lakh for 60,000 electric vehicles and a dole of Rs.20,000 for 20,000 half and hybrid vehicles that are purchased in the following three years. The Rs.10,000 crore plan will give the green fuel which is the necessary push in India.

Sources disclosed to The Times of India that the greater part of the capital in this plan will be added to electric 2 and 3-wheeler vehicles and public transports. This plan is also open for e-rickshaw drivers.

Thus, after this move is declared, somebody keen on purchasing Mahindra E-Verito will get a sponsorship of around Rs.1.5 lakh, while a decent quality electric bike can get an subsidy of Rs.40,000. The sponsorships for transports would be up to Rs.60 lakh.

This proposition might be taken up by the Cabinet on February 28 as a component of the second period of Faster Adoption and Manufacturing of (Hybrid and Electric Vehicles) India (FAME) conspire. The administration needs to see quick outcomes on the electric vehicles front, hence, it multiplied assignment to the plan from the prior Rs.5,500 crore.

OnePlus 6T (Mirror Black, 6GB RAM, 128GB Storage)

This endowment will become effective in April. Under this plan, the legislature will likewise top ex-processing plant cost of a vehicle, with the exception of transports, to benefit the appropriation, at Rs.15 lakh. The sponsorship for any vehicle will be determined based on its battery limit — Rs.10,000 for each KWh for all vehicles and Rs.20,000 for each KWh for transports.

This appropriation will make two and three-wheeler electric vehicles will be attractive to buyers as it would finish up cutting down their expenses comparatively petroleum vehicles. “There will be an immense focus on extending the charging framework in cities and along highways to fulfil the need. Another spotlight territory will be on developing our ability to create lithium-ion batteries for vehicles,” the source told the paper.

Source: MoneyControl News

– TFM Watch

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News should not be missed; Business Deals and Corporate Actions

Business Deals, Company Expansions, Stake Acquisitions and Corporate Actions – 25Th Feb – 27Th Feb

Prakash Poojary, TFM News

6_7_6_1028676_Business-deals-work-together

100 sugar mills may face SEBI action; crackdown could freeze cane procurement: Report

Private placement norms allow an unlisted company to privately sell shares to a maximum of 49 people

HG Infra bags an EPC order worth Rs..189.49 crore

HG Infra Engineering has bagged an EPC order worth Rs. 189.49 Crore (Excluding GST & Labour Cess) from Megawide Construction DMCC for Flexible & Rigid Pavement (Runway, Taxiway & Apron) at Green fleld International Airport at MOPA, Goa.

Approval granted for purchase of defence equipment worth Rs.2,700 cr

The meeting of the council, the highest decision-making body for defence purchase, was chaired by Defence Minister Nirmala Sitharaman.

BEML secures contract valued around Rs.400 crore

BEML received contract for 7 Metro train sets of 6 cars configuration to augment the metro services in Bengaluru valued around Rs. 400 crore.

Time Technoplast up on tie-up with Confidence Petroleum

Shares of Time Technoplast rose nearly 9% touching to Rs. 94.1, as the company has entered into a partnership with Confidence Petroleum for making liquefied petroleum gas available across India in blast proof composite cylinders.

Both the companies expect substantial demand for the composite cylinders over the next three-five years.

Lupin launches Minocycline Hydrochloride ER tablets

Lupin announced the launch of Minocycline Hydrochloride Extended-Release Tablets USP 55mg, having received an approval from the United States Food and Drug Administration (FDA) earlier. Lupin’s Minocycline Hydrochloride ER Tablets USP 55mg is a generic version of Medicis Pharmaceutical Corporation’s Solodyn 55 mg. It is indicated to treat only inflammatory lesions of non-nodular moderate to severe acne vulgaris in patients 12 years of age and older.

BOI approves fresh issue of equity shares

Bank of India has announced that board of directors at its meeting held on February 26, has approved issue of fresh equity shares to Government of India, through preferential issue in respect of share application money of Rs.4,638 crore received, after obtaining shareholders and other approvals.

NBCC signs MoU with Raipur SMART City

NBCC signs Memorandum of Understanding with Raipur SMART City as its Executing Agency for the various infrastructure works on deposit work basis. Co will charge project management consultancy (PMC) fees of 8% on the actual cost of work.

Adani Enterprises emerges as highest bidder for Guwahati airport

Adani Enterprises has emerged as the highest bidder for Lokpriya Gopinath Bordoloi International Airport of Guwahati at Rs. 160 per passenger, beating National Investment and Infrastructure Fund’s bid of Rs. 155, as per the report. According to report, with this, the group has emerged as the highest bidder for operating, managing and developing six airports. As of now, Delhi, Mumbai, Hyderabad, Bengaluru and Cochin are the only private-run airports in the country.

DHFL slumps as ICRA downgrades its creditworthiness

Dewan Housing Finance Corporation (DHFL) fell by 8% to Rs.125.45, after the credit rating agency ICRA downgraded the creditworthiness of DHFL’s commercial papers to A2+ from A1+ citing its inability to raise money and generate new business. ICRA has revised the short-term rating outstanding for the Rs. 8000 crore commercial paper (CP) programme of Dewan Housing Finance Corporation (DHFL) to [ICRA]A2+ (pronounced ICRA A two plus) from [ICRA]A1+ (pronounced ICRA A one plus). As on date, DHFL has CP outstanding of Rs. 1,525 crore. The company has indicated to ICRA that it shall buyback substantial portion of this amount over the next one month.

Iran buys Indian raw sugar for the first time in 5 years

Iran is buying the sugar from India to use up the rupees it has received for oil sales to India, the worlds third-largest oil user.

UPL hits 18-month high after Jefferies initiates coverage with buy

Jefferies is constructive on the scale benefits, product mix synergies from Arysta which acquired by the company for $4.2 billion in July 2018.

Palladium soars above $1,550 on mine strike fears; gold rises

Spot palladium traded as high as $1,553 per ounce as of 0400 GMT.

ArcelorMittal says facing risks like excess capex on proposed Essar acquisition

The company said it provided a $567 million performance guarantee in connection with the execution of the resolution plan.

Intellect Design bags multi-million $ deal win from Emirates NBD

Intellect Design Arena announced that Emirates NBD, UAE has selected the company for end-to-end digital transformation of its transaction banking business. The transformation is part of the banking group’s commitment to digitise operations, products and services, enhancing its proposition to corporate clients and retail customers. Supported by Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena Limited, the planned project is aimed at strengthening Emirates NBD Transaction Banking’s market leadership and will cover the bank’s operations across trade corridors in the UAE, KSA, Egypt, India, Singapore and the United Kingdom.

HP investors meet: 159 MoUs with Rs.17,000 crore investment commitment signed, says CM Jai Ram Thakur

Stating that such initiatives were never taken before in the state, the CM said efforts would be made to ensure clearances for projects faster.

Businesses underestimate the prospects of 5G technology: Accenture Study

The government/public sector has the lowest awareness of 5G, with 59 percent believing it will be 10 times faster than 4G.

BSE stock options: Sebi slaps Rs 32 lakh fine on 6 entities for fraudulent trade

After observing a large-scale reversal of trades in the bourse#39;s stock options segment, Sebi conducted a probe into the trading activity in illiquid stock options on the BSE from April 2014 to September 2015.

GE chief Larry Culp sells biopharma business for $21 billion

Culp said the sale to Danaher, where he was chief executive for more than a decade until 2014, was a pivotal milestone in efforts to turn around the 126-year old conglomerate.

17 lakh names deleted from electoral rolls in Maharashtra

More names were likely to be deleted in the coming weeks as the process of authentication of voters was underway, the ECI official said.

Tata Elxsi collaborates with Portuguese company

Tata Elxsi and NOS announce the launch of the Digital Operations Transformation Toolbox for communication and entertainment service providers. DOTT 2.0 offers an intelligent operations automation framework built using open source technology for user-defined service definition, zero touch provisioning, validation and scheduling of field partners for provisioning and testing scenarios thus enhancing customer digital experience. It also provides an extensible roadmap for service rollout and monitoring use cases, enabling communication service providers to launch new services rapidly. At 1.57 pm, Tata Elxsi was trading at Rs. 905.65, up by 0.06%, with a volume of 6867 shares on the BSE.

RPP Infra Projects wins a new order of Rs.105.7 crore

RPP Infra Projects has secured a LoA (Letter of Acceptance) worth Rs. 105.7 crore from the Tamil Nadu Slum Clearance Board for construction of 972 tenements at Moorthingar Street in Chennai. This project falls under the prestigious Housing for All (PMAY) scheme of the Government of India. RPP lnfra’s order book at the end of Q3FY19 stood at over Rs. 1,555.00 crore & the company has won new orders worth over Rs. 490.00 crore after Q3FY19.

Benelli Leoncino 500, Imperiale 400 confirmed for India launch in 2019

After forging a new partnership with Adishwar Auto Ride India, the Italian manufacturer announced the launch of five new products in 2019.

JSPL lowest bidder in RVLNs 4.45 LT rail tender: MD

RVNL functions as an extended arm of the Ministry of Railways. It is empowered to act as an umbrella special purpose vehicle (SPV) to undertake projects directly or by creating project specific SPVs, according to its website.

India to get 5G by 2021, ban on certain vendors won’t delay roll out: Nokia

The companys CEO Rajeev Suri said that after leading markets like the US, South Korea, China, emerging markets including India, Latin America, and certain developed markets will see roll out of the next generation technology by 2021, where million of trade secrets will flow on the network; and security will be a top priority for businesses.

Adani Ports falls on acquisition plan of Adani Agro

Adani Ports and Special Economic Zone fell over 8% to Rs.323, after Adani Logistics, a unit of Adani Ports and SEZ on Saturday announced that it would be acquiring Adani Agri Logistics from Adani Enterprises in an all-cash deal.

KPR Mills to set up Ethanol plant in Karnataka

KPR Mills to set up Ethanol plant at sugar factory in Karnataka with a capacity of 90 kL/day. The Project cost is Rs. 120 crore. Production is expected to commence from next season. This will increase the value addition and reduce the volatility in the sugar business. The Bank finance towards the Project is eligible for 50% lnterest subsidy announced recently by the Central Government.

GST rates on under-construction houses cut to 5% from 12%

The Goods and Tax Council in its meeting on February 24, 2019 cut rates on under-construction properties from 12% to 5% with effect from April 1, 2019 for houses over Rs.45 lakh. The council also reduced GST rates on affordable housing to 1% from the current 8%. However, builders will not be allowed to claim input tax credit under the new GST tax norms.

JBM Group acquires major shareholding in German Auto Major Linde-Wiemann

JBM Group announced that it has acquired a major shareholding in Germany based Linde-Wiemann GmbH KG, a leading manufacturer of complex structural components & assemblies to automotive OEM’s worldwide.

Shilpa Medicare gets USFDA approval for Gemcitabine Injection

Shilpa Medicare received US Food and Drug Administration (USFDA) approval for its ANDA, Gemcitabine for Injection USP, 200 mg/vial and 1 g/vial Gemcitabine for Injection USP is a generic equivalent of reference listed drug (RLD), GEMZAR used in the treatment of ovarian cancer, breast cancer, non-small cell lung cancer & pancreatic cancer as recommended in the label approved by FDA. According to IQVIA MAT 12/2018, the US market for Gemcitabine for Injection USP, 200 mg/vial and 1 g/vlal is approximately US$ 11.7 Million.

Maruti Suzuki expands pre-owned sales network to 200 outlets

The company had relaunched upgraded True Value network with new brand and retail identity 19 months ago.

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Accenture Study: Businesses underestimate the prospects of 5G technology

Accenture Study: Businesses underestimate the prospects of 5G technology

The government/public sector has the lowest awareness of 5G, with 59 percent believing it will be 10 times faster than 4G.

TFM Watch

5g Tech.jpg

Business and technology executives globally underestimate the disruptive potential of 5G technology that will result from increased network speeds and capacity, according to results of a global study from Accenture.

A survey of more than 1,800 executives from midsized and large businesses across industries in 10 countries found that most of them (53 percent) believe there are “very few” things that 5G will enable them to do that they cannot already do with 4G networks. Fewer than two in five executives (37 percent) expect 5G to bring a “revolutionary” shift in speed and capacity.

At the same time, executives acknowledge that the technology has important competitive implications. Sixty percent of executives believe that 5G will cover nearly all the population by the year 2022, and 70 percent believe that 5G applications will give them a competitive edge with customers. More than two in five executives also expect 5G to have a “significant” impact on speed (46 percent) and capacity (42 percent).

“The reality is that 5G will bring a major wave of connectivity that opens new dimensions for innovation and commercial and economic development,” said George Nazi, Accenture’s Network practice global lead. “Breakthroughs in three-dimensional video, immersive television, autonomous cars and smart-city infrastructure will unleash opportunities that are difficult to imagine today but will soon be transformative. Telecommunications companies will play a pivotal role in bringing these prospects to light.”

Among the study’s other findings:

  • The perceptions of 5G vary across industries, with more than half (53 percent) of executives in the energy sector believing that 5G will have a revolutionary impact with its ability to reach new places – like remote and inhospitable areas – compared with just 41 percent of all executives surveyed.
  • The government/public sector has the lowest awareness of 5G, with 59 percent believing it will be 10 times faster than 4G, compared with 67 percent of all respondents. Additionally, only 66 percent of government executives, compared with 78 percent overall, believe that using 5G for connectivity in the workplace will make businesses more secure.

Source: MoneyControl.com

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Pearson enters into 500 million sterling pension insurance deal with L&G

Pearson enters into 500 million sterling pension insurance deal with L&G: Sky News

The agreement between the former FT owner and L&G will be announced alongside Pearson’s annual results.

TFM Watch

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Pearson, the FTSE-100 education group, will announce on Friday a renewed drive to restructure its pension liabilities when it unveils a £500m buy-in deal with Legal & General (L&G).

Pearson will unveil the deal encompassing a significant proportion of its retirement scheme alongside its annual results.

It will be the latest so-called Pension Risk Transfer (PRT) ‎transaction struck by a leading blue-chip British company.

Pearson itself has agreed similar pension buy-ins in the past, announcing deals to insure £1.2bn of ‎its liabilities with Aviva and L&G in the autumn of 2017.

The PRT sector has ballooned in size as pension trustees and corporate boards have attempted to manage pension risks more effectively.

Dozens of companies in the FTSE-100, such as British Airways and Rolls-Royce Holdings, have turned to such deals ‎in recent years.

A source close to Pearson said the agreement with L&G to be announced on Friday would mean that roughly half the liabilities in the Pearson Pension Plan had now been insured.

The publication of its annual results will come in the middle of a turnaround of the former owner of the Financial Times led by John Fallon, its chief executive.

Pearson said in January that it expected to deliver adjusted operating profit of between £540m and £545m for last year.

This week, it announced the sale of a US textbook business to Nexus Capital Management, a private equity firm, for $250m.

Pearson and L&G declined to comment.

Source: Sky News

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Samsung announces folding phone (The Galaxy Fold) with 5G – starting at $1,980

Samsung announces folding phone with 5G – starting at $1,980

Samsung Electronics Co Ltd on Wednesday unveiled a nearly $2,000 folding smartphone in a bid to top the technology of Apple Inc and Chinese rivals and reignite consumer interest amid slumping sales.

The Galaxy Fold will go on sale on April 26 and take advantage of new and faster 5G mobile networks. The device looks similar to a conventional smartphone, but then opens like a book to reveal a display the size of a small tablet at 7.3 inches (18.5 cm).

The device “answers sceptics who said that everything that could be done has been done,” DJ Koh, chief executive of Samsung Electronics, said at an event in San Francisco. “We are here to prove them wrong.”

Samsung remains the world’s largest smartphone maker with nearly a fifth of global unit sales but underperformed a slumping market last year. Chinese rival Huawei Technologies Co Ltd – whose Mate series of phones also command premium prices – gained market share. Other Chinese makers like Xiaomi Corp have also been increasing prices, leaving Samsung to defend its turf against upstart rivals in addition to its longtime foe Apple.

With the foldable phone, Samsung is going on the offence on two fronts in the smartphone race: It is offering an eye-catching new feature with the big, bending screen and the first 5G connection in a premium phone, a feature analysts do not expect Apple to match until 2020.

Samsung is also making improvements to its flagship Galaxy S devices and plans to offer a 4G version of its folding phone.

It also challenges the notion of what a phone can cost, debuting at nearly twice the price of current top-of-the-line models from Apple and Samsung itself.

Patrick Moorhead, founder of Moor Insights & Strategy, said the new folding device could help Samsung stay at the top and lure consumers to upgrade devices that have looked largely the same over the past five years.

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“Samsung and Apple go back and forth” to lead the premium smartphone market, Moorhead said. “I think this is Samsung’s chance to take back the innovation crown.”

And even though the $1,980 starting price is steep, some dedicated Samsung fans said they would pay it. Navneet Kumar Singh, a Samsung enthusiast from India who travelled to San Francisco to watch the launch, is ready to place his order.

“The prices of the flagship models have been a little aggressive in India,” he said, “But in the end, if you invest the money you’re getting a different experience.”

Samsung also introduced several accessories to compete against Apple, including a pair of wireless headphones called Galaxy Buds. The headphones include wireless charging, a feature that Apple has promised to put into is competing AirPods but has not yet released.

Samsung also said that its new Galaxy phones will be able to wirelessly charge its headphones and new smartwatches by setting the accessories on the back of the phone.

10 TIMES FASTER

Along with the folding phone, Samsung also added new cameras and a 5G version to its Galaxy series of phones.

Verizon Communications Inc will be the first carrier to offer service for Samsung’s 5G phones. The networks are expected to be 10 times faster than current ones, improving viewing of live news and sports events.

With the 5G versions of its flagships, the Korean electronics maker looks to have beaten Chinese rivals in the 5G race, although the device will operate only on the small number of networks launching later this year. Apple is not expected to release a 5G smartphone until late 2020.

The new networks are not available in many places yet but will roll out this year and next. Consumers who want to hold on to their phones for several years before upgrading may be tempted to buy a 5G phone now so that it will be able to take advantage of those networks later, said Bob O’Donnell of TECHnalysis Research. That could sway some Apple buyers over to Samsung and other Android makers with 5G devices.

“People are going to be thinking about, am going to be able to use this a year from now? Two years from now? Three years?” he said.

Rival smartphone makers are expected to announce 5G models at next week’s Mobile World Congress, the industry’s top annual event, in Spain. Samsung said its 5G handset would be available in the early summer.

The Galaxy 10 series needs to appeal to consumers who are reluctant to upgrade for only incremental technological improvements in performance.

All of the Galaxy series of rigid phones except the 5G will be available from March 8, with the S10+ priced from $1,000, the S10 priced from $900 and the smaller S10e from $750.

The mainline S10 compares with $999 for Apple’s iPhone XS and $858 for Huawei’s premium Mate 20 Pro.

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