Industry leaders hailed the release of the first formal 5G standard as a milestone which sets the stage for the global mobile industry to begin full-scale deployment of the next-generation technology.

Huawei partnered with Chinese internet giant Baidu to jointly develop an open artificial intelligence (AI) platform and develop features for its next generation of smartphones.

China’s regulator said Google and Facebook would have to accept the country’s censorship and tough online laws if they want access to its huge online population, Reuters reported.

IT services company Atos offered €4.3 billion to acquire digital identity specialist and SIM card manufacturer Gemalto, in an attempt to strengthen its position in IoT, digital payments and security.

Apple is reportedly closing in on an agreement to acquire Shazam, the UK-based music recognition company, in a deal that could be worth $400 million.