Skip to main content

Posts

Showing posts from April, 2018

Xiaomi prepares for $10 Billion IPO

image credit: Xiaomi

Let's brace up! Another public offering is on the way, Xiaomi, The popular Chinese electronics brand led by Kingsoft co-founder and chairman Lei Jun is going public, Guess what? They're raising a whooping $10 Billion on the Hong Kong IPO market.

Xiaomi as a company has very awesome and innovative perks which include the company's recent promise to distribute cash back to its customer (Yes they said that) if the profit gets too high.

The company said it'll forever limit its profit margins after tax on smartphones, Home devices and other hardware to just 5%.

This upcoming IPO will be the current biggest of this year with marketers saying the company is very expectant of a valuation of well above $100 Billion, Ahead of the public offering two of its eight co-founders recently resigned from the company which comes during the company's re-structuring in preparation for its IPO.

Xiaomi's IPO will be the biggest since Alibaba's $25 Billion IPO…

Walmart may join hands with Alphabet to purchase huge Flipkart stake

As of recent, The news that Walmart is preparing to buy a 51% stake in Flipkart has been everywhere but right now, Information has been released that Walmart may get Alphabet to join in its bid in addition to four board seats in the company if the deal goes through.

This comes as the company wants to compete fiercely with major e-commerce competitor Amazon through every way possible, Targeting India which is a very good market for huge growth is  very unique and good strategy for the company.

Walmart has reportedly offered to buy up a huge (85 - 86)% of Flipkart through a combination of different investments which will involve current shareholders including Tencent, Softbank, Naspers, ebay inc, US based hedge fund Tiger Global Management and other shareholders partly or fully sell its stakes at choice.

Walmart is also reportedly negotiating with Flipkart founders, Binny and Sachin Bansal for the entire purchase of their stakes in the company.

This acquisition will be the biggest in t…

God of War sells high!

According to analysts GFK Chart-Track, Far Cry 5 released just a month ago which is the current best selling game of the year has been pushed to no 2 in the UK by the recently released "God of War" when beaing measured by physical game sales only.

Also coming to the top 5 include Fifa 18, Mario Kart Deluxe and the awesome console 'The Nintendo Labo Variety Kit' which comes in at number 3 best selling entertainment item on the list.

It's very amazing that  God of War retains its first position despite it only being released for the PS4 currently.



The gaming industry is a very competitive one so we can always watch and use the above linked analysis to monitor the battle for sales between video games and its consoles.


The top ten from the list include;


God of WarFar Cry 5Nintendo Labo Toy-Con 01: Variety KitFIFA 18Mario Kart 8 DeluxeFallout 4Call of Duty WW2Super Mario OdysseyPlayerUnknown's BattlegroundsGrand Theft Auto V





Watch Dogs 3 might be on the way!

Well, If you're a Watch Dogs fan, You better be very happy, Your fellow fans have been trailing a series of clues and guess where it headed to? The fact that Watch Dogs 3 might be dropping very soon! Where did the information come from? well blame an April fool's joke, a deleted tweet and an AI bot who talks too much.

Watch Dogs publisher Ubisoft's recent April fool's joke allowed its users to hack into an admin part of its website, yeah you get that....We're always hacking in Watch Dogs....Users were able to access some pieces of information and Easter eggs on its site...then came a tweet by the company saying "This is Everything" in reference to Watch Dogs' popular phrase "Everything is Connected" The tweet was immediately deleted....Then came its AI bot Sam which when asked about the Wath Dogs sequel, responds saying ""Watch Dogs 3 is not finished yet, but from the last early build I tried it's very solid. The Dev team work…

The Zozosuit will now be doled out to consumers!

Start Today Co.

In what we term as wonderful innovation in fashion, Japanese founder/tech billionaire Yusaku  Maezawa has made it known that Start Today Co. The company he runs which operates popular fashion site Zozotown will begin doling out its Zozosuit, A piece of tight clothing which will measure every proprtion of the buyer's body and don out his/her exact size of choice and clothing, Zozosuit is advertised on its official website using the catchphrase 'Welcome to a Size Free World'.




Clothes of the perfect fit will now be delivered to customers which will bring with it a wonderful shopping experience and a swath of consumer recommendations, The Zozosuit contains over 150 integrated sensors which in turn captures 15,000 accurate body measurements to enable delivery of clothing of the perfect size.

Pre-orders for the Zozosuit was launched last year with the company now fulfilling its promise of delivering the body measurement suit to its buyers.





Infinity War makes history!

Courtesy : Marvel

Recently released blockbuster Avengers : Infinity War has broken box office records with the movie grossing a huge $630 million global gross in its debut weekend, This is highest weekend gross recorded of any movie in history.

Statistics also shows that the movie raked in a huge $250 million in North  America alone, It's calculated international weekend take of $380 million beats that of  The Fate of the Furious, Star Wars and other very notable movies.

The movie which carried a production budget of about $300 - $400 million was directed by the notable Russo brothers (Joe and Anthony Russo), The same Russo brothers were also the top directors two years ago by box office gross with their' Captain America : Civil War scoring $1.15 billion in total at the global box office.

Marvel has surely been winning as of recently with its recent Black Panther movie having grossed $1.3 Billion worldwide in addition to its new' Infinity War.

Marvel, which is in turn owne…

The Red Magic sells out within 37 seconds!

Courtesy : Red Magic

ZTE subsidiary Nubia recently held a huge flash sale on Jingdong Mall (JD.com), Part of this sale involved the Red Magic gaming phone, The new phone was part of three devices selected for the flash sale and guess what? The entire inventory consisting of 10,000 phones sold put within 37 seconds!

The smartphone was previously put up on Indiegogo (more of a publicity stunt than actual need for funding) so users couldn't just wait to get their hands on it causing the entire inventory to sell out so fast......we mean so fast the sale ended as soon as it started.

The smartphone starts with a price of about $500 with another flash sale coming 2 days from now, Nubia is likely going to make available a whole lot of the gaming phones! given its extremely swift sale.

We have witnessed a recent comeback of awesome gaming smartphones as of recent starting with the Razer Phone and the Black Shark which comes from a startup backed by tech giant Xiaomi.

You should now get rea…

ServiceNow Founder Fred Luddy Is Now a Billionaire!

Image credit : WBIW

It seems Forbes is so good at predicting their future well.......Billionaires....It did that for ServiceNow founder Fred Luddy way back in 2012 and guess what? He is now a billionaire! This is according to a recent report from Bloomberg, Fred currently has a stake of $240 millio in the firm and has in total sold shares worth $900 million plus which brings his net worth to a whooping $1.1 Billion.

Since ServiceNow went public, Iit's market capitalization has grown to 8 times its debut value with the company now being valued at $29 Billion.

The company which had revenues north of $200 million in 2012 has grown to $1.93 Billion in revenue for 2017.

It looks very nice with extreme innovation and wealth popping up so fast from the technology sector, We should now sit up and achieve more of awesome things like this.




Report: Apple is working on an Insane VR headset

Apple

A recent report has suggested that Apple is not just working on the development of its own AR glasses, The company currently has set its sights on the release of a very powerful VR headset in two years time.

This new move will push the company further into competition with its peers of  Facebook, Google and Microsoft.

The project code-named T288 involves the production of a super VR headset with 8K display for each eye with a wireless connection for its stand-alone box which will be powered by a processor coming from Apple which would be the main brain behind the VR sysem.

Apple didn't comment on this report but let's hope the company will deliver the best headset for its customers.




The Essential is now available in much more countries!

Essential 

Essential, The Smartphone company lead by Android creator Andy Rubin has opened up its online store to more countries which include Canada, France, Japan, The UK and Germany, The Essential could actually be purchased in other countries through services like Amazon but as of now, Tthe company now officially sells it through its own online store.

Essential announced this move via Twitter yesterday;

Starting today, we’re opening the https://t.co/5XqZeQu9cW store to orders from more countries, including Canada, France, Japan and UK. Special terms and conditions apply to these orders, so please read the information carefully: https://t.co/uZK8sLvUA5pic.twitter.com/QXEWf8OEnE — Essential (@essential) April 27, 2018
The phones will sell at its price of $499 with customers paying in their local exchange rates.

This latest step makes the Essential PH-1 which currently is distributed in the US through Amazon, Best Buy and Sprint much more available to consumers with Essential obviously…

Nintendo is giving us a new game

Image credit: Nintendo/RPG site

It has been recently announced that Nintendo will now collaborate with Cygames on a mobile Role-Playing Game called 'Dragalia Lost'.

This new release is coming this summer to Japan, Hong Kong, Taiwan and Macau after which follows various regions in North America and Europe.

Nintendo is purchasing a 5% stake in Cygames as part of the collaboration, Cygames is well known for its extremely popular game 'Granblue Fantasy' which has grossed over 10 million downloads in Japan.



This new game comes as Nintendo announced over 500% year-on-year increase in profit.

Nintendo will surely impress players with this new mobile RPG whilst we wait for the release.








Snapchat outs a new version of its Spectacles

Snapchat has released a new version of its Spectacles, This is the second attempt at its smart glasses after its first attempt didn't really come off as a spectacular success even after selling 220,000 units.

The new version of its Spectacles will be more comfortable to wear and comes with more features.

The new smart glasses will be available through Snapchat's own Spectacles.com instead of its previous vending machines and other online retailers, This comes in as a method of solving inventory problems the company encountered in the process of getting its first version into the hands of consumers.

This new model takes both photos and videos in comparison with the first version which only made room for video capturing.



The new Spectacles are also water resistant which is why as shown in the video above, Snapchat encourages its buyers to make use of the smart glasses in shallow water.

Different companies have dabbled into the same of connected glasses but the market hasn;t pro…

The OnePlus 6 is coming May 16th

OnePlus

Well, it was worth the wait....The OnePlus 6 released date has been announced - May 16 ; Location : London, The launch event is termed 'The Speed you need' this reportedly shows what we expect from the phone - Huge Speed.

The launch event ticket costs $22 for a while, By 8pm on Friday the price shoots up to $42.

Over one thousand tickets for the London launch event are available with the Chinese and Indian event coming up a day after on the 17th of May.



The tickets to the London event can be purchased at OnePlus' website while the tickets for the Indian event will be available at oneplus.in.

OnePlus promises that its new smartphone will be bigger and better therefore the customers should expect an awesome! product.








Udacity comes in with a cyber-security program

Sebastian Thrun, Udacity co-founder
Udacity, the educational start-up co-founded by self -driving vehicle pioneer Sebastian Thrun has launched a new nanodegree - guess where? This time, they're dabbling in cyber-security.

According to Udacity's post, this new course involves Training the Next Generation of Cybersecurity Professionals, Addressing the Talent Gap, World-class AI and Data training and also an Invitation to the industry.


Udacity


Given that Udacity was involved in the training about 10,000 of just 300,000 AI engineers currently in the world today who innovate excessively and rake in huge salaries, Udacity will be very good to go on their new cyber-security program.

The new nanodegree was officially launched at the RSA conference which ended 3 days ago which came with a call for partners with its new cyber-security program.

This is a good time for a cyber-security program given that Udacity is one of the best (if not the best) learning platforms available and with all…

Discord is now a Unicorn!

Discord Inc, the creator of the extremely popular chat app for gamers has grabbed an extra $50 million in funding, this time at a $1.65 Billion valuation.

This new round of funding is reportedly led by Benchmark Capital, Greylock Partners, Tencent Holdings, IVP and Spark Capital.

Discord had previously raised $129.3 million in total at a most recent valuation of $775 million.


Discord

Discord's online communication software had 90 million users at the beginning of this year, With this huge statistics Discord just joined the line of messaging tools gaining very huge valuations, Recent huge gainers include Whatsapp, Telegram and Slack.

The huge rise of online multiplayer games have heavily contributed to Discord gaining its huge number of users, Notably the rapper Drake created a Discord account while live-streaming with Fortnite's awesome player Ninja to make room for better and clearer communication.

The fact that Discord just launched roughly three years ago and has gained thi…

Boosted outs new boards

Boosted

Boosted first showed up with an electric board about six years ago then a while after that which translates to now, The company has come up with a new shorter and cheaper board for its customers.

The new electric boards are named the 'Boosted Mini', 'Boosted Mini S', 'Boosted Mini X' and the 'Mini X' .

The Boosted Mini S comes at a price of $749 which makes it Boosted's cheapest electric board ever, the Mini X also comes at a price of $999.

In addition to that, Boosted also announced new third generation versions of its boards which is the 'Boosted Plus' and 'Boosted Stealth', The new boards are available for purchase through Boosted's website except for the Plus and the Stealth which will start shipping late next month/early June.

The new boards can be paid for in 12 month installments in order to ease the cost for Boosted's buyers.






Amazon increased R&D Budget by 41% year on year to nearly $23 Billion

Amazon C.E.O Jeff Bezos credit: Wademy

The top five spots in the US for R&D expenditure last year was grabbed by tech companies with Amazon claiming the top spot with a huge $23 Billion R&D budget coming from the company.

The top five companies spent a cool $76 Billion with Alphabet, Intel, Microsoft and Apple grabbing the remaining five spots respectively.

IBM also spent $5.8 Billion on R&D last year.

Facebook came ninth place with the company spending $7.8 Billion on its R&D for the year.

Amazon comes first with its long term strategy of putting back nearly all of its profits into its new businesses and technologies, a strategy which was paid off very much with its cloud computing arm becoming a major profit generator along with Amazon Prime and its main online marketplace business.

Microsoft also filed 2,558 patents last year with Amazon coming second place with 1,972 patent applications and 2,704 patent awards.


Apple has released a new RED iPhone 8 and 8 Plus

Today, Apple has announced a new special edition RED iPhone 8 and iPhone 8 Plus, This new edition gives customers a very beautiful form of the new generation iPhone with an awesome red and black color combo.

The Product is now available to order online and will pop up in retail stores 3 days from now.

Also adding to this, Apple has released a new iPhone X Leather Folio which is crafted from unique European Leather for an amazing luxurious look for the consumers.



The new edition iPhone will be available in 64GB and 256GB versions coming at a retail price of $699 from Apple's website, The new iPhone X Leather Folio will also be available at the same web location.

Every customer who buys the new Edition from Apple will be offered free Personal Setup online or in-store, The new phone can also be gotten through Apple's iPhone upgrade program.


Brief - World's most valuable AI startup Sensetime raises $600 Million

Sensetime C.E.O Li Xu


World's most valuable Artificial Intelligence company Sensetime has grabbed a Series C round of $600 Million at a valuation of over $4.5 billion which is a $3 Billion dollar jump from its most recent $1.5 Billion dollar valuation.

Tech giant Alibaba which is now Sensetime's largest investor led the massive round of investment into the company.

Qualcomm, Electronics company Suning and Singapore's Temasek Holdings also participated in this round.

The worlds most valuable company plans to use this capital to expand its overseas presence and widen its industrial scope according to its C.E.O Li Xu.


Robotics company 6 River Systems grabs $25 million

credit : CNBC

The e-commerce industry is booming! booming so well with so much innovation, investment and effort being put into it, 6 River Systems is a company which makes robots to speed up production in different warehouses and collaborates with humans to out more efficiency, This company right now has benefitted from this boom.

6 River Systems has announced it's grabbed a $25 million Series B round with this investment coming with the aim of helping the company expand and break into more markets, The Start-up which was founded by former Kiva (acquired by amazon) executives has now raised a total of $46.6 million with the current round being led by Menlo ventures.

As of current, 6 River Systems has delivered 600 of its robots to 30 sites which have aided in the packaging of various products, medical supplies and other general warehouse jobs.



Also as of recent, two other warehouse robotics companies have grabbed (maybe co-incidentally) the same amount ($25 million) in their most…

Ed-tech company Pluralsight files to go public

photo credit : CNN Money


Pluralsight, the ed-tech company which has been a unicorn for a few years now has announced it's confidentially filed for a public offering.

Pluralsight, a company created 14 years ago by its current C.E.O Aaron Skonnard along with Keith Brown, Fritz Onion, and Bill Williams deals with online education offering a variety of online education courses for software developers, creative professionals and IT administrators through its website bootstrapped for 9 years before raising different rounds of investment totaling $200 million starting from 2013.

Companies and small businesses pay for their employees to be trained by the company which has given it a very good source of revenue with individuals also subscribing to its services, As of its most recent report, the company had revenues of over $100 million.

Pluralsight now joins its peer of tech companies going public this year, Dropbox went public about two weeks ago, DocuSign publicly filed for IPO last wee…

Most Read Posts

Uber, Lyft Decline To Testify Before U.S. Congress

Uber and Lyft, the two biggest ride-hailing companies in the U.S., declined to appear today (Wednesday) at a U.S. Congress hearing on matters related to the ride-hailing industry, a congressional committee said. The two companies had been requested to appear as part of an inquiry from the House Committee on Transportation and Infrastructure, a standing committee of the U.S. House of Representatives, on safety and labor practices in the ride-hailing industry. The inquiry happens to be at a time U.S. lawmakers are looking to pass legislation that will impact the ride-hailing industry.


In an official statement, Peter DeFazio, a U.S. rep who serves as chair of the House Committee on Transportation and Infrastructure, took a jab at Uber and Lyft, casting nets on several topics including increase in traffic congestion, labor issues, background checks, wages, and even sustainability of the ride-hailing business model. Uber and Lyft's "failure to appear at this hearing is a telling …

Big VC Wins From Slack's Public Debut

Slack filed to go public late April and has just achieved that with a direct listing that saw its stock jump nearly 50% on its first day of trading. Slack's prior SEC filing showed significant stakes held by VC firms, including Accel (24%), Andreessen Horowitz (roughly 13%), the Softbank Vision Fund (7.3%) and Social Capital (more than 5%).

With Slack's valuation on the public markets hitting $20 billion, investors that backed Slack have reaped major wins, including those that participated in the company's most previous $427 million round that came with a $7.1 billion post-money valuation. To name a few, Accel which poured in $200 million into Slack now commands a stake worth $4.6 billion. Softbank which got in quite late by leading a $250 million round at a $5.1 billion valuation now commands a stake worth roughly $1.5 billion.


Even Andreessen Horowitz whose co-founder Ben Horowitz termed Slack as an "accidental" investment now commands a stake worth roughly $2…

DraftKings Reportedly Raising Funding At A $2 Billion Valuation

According to a new report from Business Insider, DraftKings, a popular sports betting startup, is raising "hundreds of millions" of dollars in new funding that could value it as much as $2 billion. If such report stands true, the funding would be in addition to nearly $1 billion DraftKings has already raised. The Boston-based company's last known funding came from casino giant Caesars, whose investment was part of a strategic partnership. Other notable DraftKings investors include The Madison Square Garden Co., Kraft Group, which owns the New England Patriots, the Raine Group and Eldridge Industries.

DraftKings was founded in 2012, and offers fantasy sports contests in 8 countries including the U.S., U.K., Canada and Australia. The Boston-based company competes intensely with FanDuel, a company it once tried to merge with but later backed down after opposition from federal regulators. FanDuel was later acquired by sports-betting giant Paddy Power Betfair, which just ann…

DOJ Said To Be Digging Deeper Into Google's Looker Acquisition

According to a Bloomberg report, antitrust officials at the U.S. Department of Justice have kicked off an in-depth review of Google's proposed $2.6 billion acquisition of Looker, a Santa Cruz-based data analytics startup. Bloomberg reports DOJ antitrust officials are seeking more information from both companies to determine if the acquisition harms competition. Antitrust officials traditionally review acquisitions of such caliber so there just might be no cause for alarm. However, the DOJ seeking additional information plausibly signals increased scrutiny of tech giants, which have been the focus of recent antitrust-related investigations.


In July, the DOJ announced that its antitrust unit was "reviewing whether and how market-leading online platforms have achieved market power and are engaging in practices that have reduced competition, stifled innovation, or otherwise harmed consumers." It said its review will consider "the widespread concerns that consumers, bus…

Level Home Emerges From Stealth With $71 Million In Funding

Key points:
Level Home has secured $71 million in funding from the likes of Walmart, real estate giant Lennar, and Hut 8 Ventures.Level Home's smart lock; the Level Lock, fits inside existing deadbolts, meaning it can convert any door to a smart oneThe Level Lock supports Apple HomeKitLevel Home was founded in 2016, and is based in San Francisco A new and seemingly interesting smart lock startup; Level Home, just emerged from stealth, with an announcement of $71 million in funding and a new product; the Level Lock (pictured above). Level Home's $71 million in funding comes from strategic investments led by Walmart and Lennar Homes, a Miami-based construction and real estate giant that's known to be the largest home-builder in the U.S. Level Home was founded in late 2016 by John Martin, who serves as CEO, and Ken Goto (CTO), two former Apple employees. It seems Apple employees have a thing for starting smart lock startups as another well-known smart lock startup; Latch, whi…

Softbank Reportedly Seeking Control Of WeWork Via Financing Deal

According to a new report from Reuters, Softbank has put together a financing deal for WeWork that would give it control over the embattled shared office space company. Reuters reports the financing deal has been structured in a way that'll increase Softbank's stake in WeWork, atop a roughly one-third stake it already owns, and also further decrease the influence/voting control of co-founder Adam Neumann. An unnamed source cited by Reuters said WeWork risks running out of cash as early as the end of December if it doesn't raise more money.


Even amid cash burn concerns, WeWork is said to be opening new locations at breakneck speed, a situation that likely escalates its cash burn. Reuters, citing an analysis of WeWork's website, reports WeWork has opened nearly as many new locations in the last 3 and a half months as it did in the first half of this year. WeWork's website also identifies 89 locations as "coming soon" and 117 locations as "just announc…

Uber Scoops Up Cornershop

Uber has announced it's agreed to acquire a majority stake in Cornershop, a grocery delivery startup that serves the Latin American market. Cornershop may sound familiar, as Walmart actually entered a deal to acquire it last year (for $225 million) but saw its proposed deal later blocked by Mexican antitrust regulators. With Walmart's proposed acquisition in limbo, it appears Uber swooped in to scoop up Cornershop, for an undisclosed sum. Uber's acquisition is expected to close by early next year, subject to regulatory approval.


Cornershop was founded in 2015, and grew to be a leading online grocery provider in Chile and Mexico. The Chile-based startup also recently launched in Peru and Toronto, Canada. According to Crunchbase data, Cornershop has raised some $32 million in total funding, including a $6.7 million Series A in April 2016. Jackson Square Ventures and ALLVP led the Series A, with participation from the likes of Accel, Endeavor Catalyst and Creandum. A year af…

Amazon Starts Shipping Echo Auto After More Than 1 Million Pre-orders

Amazon has began shipping the Echo Auto, part of the host of Alexa enabled devices announced last year September by the company which included a microwave, clock, security camera, smart plug, the Echo Sub, Echo Input and re-designed versions of already existing devices.

The company tells TechCrunch over 1 million pre-orders were placed by consumers signalling high interest in the device which connects Alexa to users' smartphone and then plays through car speakers, enabling tasks like playing music, opening the garage door, finding the nearest gas station and checking the news while on the go possible.


For now, the Echo Auto is only available on an invite-only basis with a few users having taken delivery in time for Christmas according to VP, Alexa Voice Service and Alexa Skills Steve Rabuchin. Why the device has stayed in pre-order status for so long is not clear but Bloomberg last month reported issues encountered by several Amazon retail stores in North America and Europe in ke…

SAP CEO Bill McDermott Steps Down

SAP has announced a new leadership change that involves Bill McDermott, its CEO for nine years running, stepping down from that position. McDermott has stepped down (effective already) after 9 years as CEO, 11 years as a member of its executive board, and 17 years in total at the German software giant. SAP executives Jennifer Morgan and Christian Klein have succeeded McDermott as co-CEOs, adopting a leadership method (co-CEO structure) that's known to be followed by two other software giants; Oracle and Salesforce. McDermott will remain in advisory role until the end of this year to ensure a smooth transition.


“Every CEO dreams of being able to transition a company to its next generation from a position of significant strength,” McDermott said in a statement. “When you look at where we were and where we are, I simply could not be prouder of what this company has achieved over the past decade. I am thankful for the opportunity to lead one of the world’s finest companies. Now is th…

Tesla Gets Clearance To Begin Manufacturing In China

Tesla has been added to a government list of approved automotive manufacturers in the China, basically meaning it's been granted a license to begin producing cars in the country. China is the world's biggest electric vehicle market, so it's no surprise Tesla is doubling down on that region. Rather than having to export cars produced in the U.S., which are usually subject to tariffs, Tesla began constructing a new auto manufacturing facility; the Gigafactory 3, in December last year. The factory, located in Shanghai, is rumored to be heading for completion by year end.

Earlier this month, news outlet Reuters reported that Tesla targeted to begin producing cars at the Chinese factory this month. Although there's no certainty on that, Tesla just getting approval to begin producing in China sounds like a correlation to a situation where it'll begin rolling out cars from its Chinese factory in soon time. Tesla, whose Chinese factory is estimated to cost somewhere in th…