The new venture capital fund will seek to invest in (among other things) the mapping and location services that have become a big part of the cellphone maker’s business. Nokia itself has been heavily focused on location services since 2008, when it purchased map provider NAVTEQ. Currently, Nokia provides map data to Amazon, Microsoft, Yahoo, and several car navigation systems. Rajeev Suri, Nokia president and CEO, believes that the “connected car” market will bring significant growth and a solid return on investment.
from Yahoo Tech http://ift.tt/1ierOLa
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from Yahoo Tech http://ift.tt/1ierOLa
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