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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…

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Big-Name Investors Pile On Cloud Paper

Cloud Paper, a Seattle-based startup whose core product is toilet paper made from bamboo, has raised $3 million in seed funding from a host of investors led by venture capital firm Greycroft. Along with Greycroft, investors who participated in the seed round include; Salesforce founder Marc Benioff, entrepreneur Mark Cuban, Uber CEO Dara Khosrowshahi, music star Ciara, Code.org CEO Hadi Partovi, movie stars Robert Downey Jr and Gwyneth Paltrow, Riot Games founder Marc Merill, and NFL Quarterback Russell Wilson. Cloud Paper says it'll use the new funding to further its business and expand into other tree-free product areas. Toilet paper is conventionally made from materials cut down from trees. In fact, it's estimated that humans use the equivalent of 270,000 trees worth of toilet paper each day. Cloud Paper, with a goal of tackling deforestation, is now providing an alternative in the form of toilet paper made from soft bamboo. Although bamboo itself is a plant, it typically g…

MicroStrategy Bets Big On Bitcoin

MicroStrategy, a publicly-traded billion-dollar business intelligence company, has adopted cryptocurrency Bitcoin as a major store of fiat value, with the company having allocated a major part of its cash position to Bitcoin. MicroStrategy recently purchased 16,796 Bitcoins for an aggregate price of $175 million, after having previously bought $250 million worth of Bitcoins. The company disclosed its purchase of $175 million worth of Bitcoins on the 14th of September, 2020, after having previously disclosed the purchase of $250 million worth of Bitcoins on the 11th of August, 2020. It's such that MicroStrategy has bet a total of $425 million on Bitcoin, an amount that represents 80% of the company's cash balance sheet as indicated by its most recently released quarterly results. A sizeable portion of MicroStrategy's balance sheet is now made up of Bitcoin, making it one of the rare big companies and more so a publicly traded one to make such a move.Cryptocurrency is usuall…

Airbus Debuts Zero-Carbon Plane Concepts

Aircraft manufacturer Airbus has unveiled three concepts of zero-emission commercial aircraft that it says could enter into use by 2035. The three zero-emission concepts, with a general codename "ZEROe", include a turbofan engine design, a turboprop engine design, and a “blended-wing body” design. The turbofan design is made to fit between 120-200 passengers, the turboprop for up to 100 passengers, and the “blended-wing body” for up to 200 passengers. Airbus is debuting these concepts as part of efforts to tackle environmental pollution, given that planes although necessary for quick and easy global movement are one of the biggest environmental polluters worldwide. Airbus has given a timeline of 15 years from now that these concepts could be put into service, but being a concept, there's no guarantee that'll they eventually be adopted.ZEROe turbofan:
This design, with a turbofan engine, is made to fit between 120 to 200 air passengers and with a range of 2,000+ nautic…

WM Motor Bags $1.5 Billion

WM Motor, a Chinese electric vehicle upstart, has said that it's raised 10 billion yuan ($1.5 billion) in its latest financing round to further its operations. Among investors who provided the new funding include Chinese tech giant Baidu; SIG Ventures, a US-based venture capital firm; SAIC Motor, a Chinese state-owned automobile manufacturer; along with investment firms backed by the Chinese government. The new funding boosts the total amount of financing that WM Motor has raised since its inception to over $3 billion, on pair with the size of funding that other Chinese electric vehicle counterparts such as Xpeng, Nio, and Li Auto have raised both on the private and public markets.As of late, there seems to be enthusiasm for Chinese electric car makers, with two of such carmakers, Xpeng and Li Auto, having held recent successful public listings in the US. Xpeng's public listing raised $1.5 billion for its operations while that of Li Auto raised $1.1 billion for its operations.…

Social Capital Eyes $2 Billion SPACs

Social Capital Hedosophia, an investment venture led by venture capitalists Chamath Palihapitiya and Ian Osborne, has submitted formal filings with the U.S. Securities and Exchanges Commission that makes note of the firm's intention to launch three new special purpose acquisition companies (SPACs) that'll collectively raise $2 billion from investors. Before now, Social Capital Hedosophia had successfully launched three publicly-traded SPACs, and now furthermore intends to launch a fourth, fifth, and sixth that's targeted to raise $350 million, $650 million, and $1 billion respectively. Social Capital has courted a trio of technology luminaries to serve as independent directors for the new SPACs, with Nextdoor co-founder Nirav Tolia serving as director for the fourth while Facebook engineering VP Jay Parikh and former Twitter CEO Dick Costolo serve as directors for the fifth and sixth.Social Capital Hedosophia launched its first SPAC, or blank-check company as it's fond…

Robinhood Bags Extra $460 Million

Stock trading app Robinhood has bagged yet another round of funding, with the company just having raised $460 million in new funding as an extension to a recently closed $200 million funding round. With the new funding, it's such that Robinhood has raised nearly $1.3 billion in funding this year alone. Overall, the company has now raised some $2.2 billion in total funding since its inception. Among investors who provided Robinhood's new funding include Andreessen Horowitz, Sequoia Capital, Ribbit Capital, DST Global, and D1 Capital Partners. The fundraise signals a very strong investor appetite for Robinhood, as the company benefits from surging retail trading activity during the coronavirus lockdown.This year has seen Robinhood top 13 million users and score $180 million in second-quarter revenue due to increased trading activity. The company added 3 million new funded accounts in the first four months of this year. As Robinhood has raised more funding, so has its valuation b…

Bridgewater Buys Into Nio

Bridgewater Associates, the world's biggest hedge fund, has made a relatively small investment in NIO, the Chinese electric carmaker. Recent filings with the U.S. Securities and Exchanges Commission  (SEC) indicate that Bridgewater holds 856,026 NIO American depositary shares worth over $16 million at NIO's current (as of writing) share price. According to an SEC filing dated last month, Bridgewater held the same number of shares in NIO but at the time worth roughly $6.6 million. NIO has recently soared on the heels of a $1.5 billion secondary fundraise by the company, clinching a profit of more than $10 million for Bridgewater in the process. Although that profit figure seems bountiful, it pales in comparison to Bridgewater as a whole, being a hedge fund with well over $100 billion in assets under management.Bridgewater isn't exactly new to the electric vehicle industry, having previously bought a sizeable stake in Tesla, the biggest of any electric car company by market …

Unity Soars On Public Market Debut

Gaming company Unity has officially debuted on the public markets, with the company's shares rising 31% on its very first day of trading. Unity opened at $52 a share and through the day rose to a record $75 before settling at $68.35 as at market closing. Before its public debut, the company had initially targeted a share price range of $44 to $48. Unity's debut is one out of a string of recent successful IPOs with decent first-day pops, a string that includes cloud computing company Snowflake and data analytics firm Sumo Logic. Unity exactly filed to go public on the 24th of August. The company is listed on the New York Stock Exchange under the ticker "U". Unity has apparent strong financials, with $542 million in 2019 revenues compared to $381 million in the previous year. The company isn't, however, profitable, with $163 million in losses in 2019 and $131 million in the year before. Before the IPO, Unity had $453 million in cash on its balance sheet. The gaming…

Sequoia Scores Big From IPOs

Venture capital firm Sequoia Capital is known to be a prolific backer of technology companies globally and has once again proven itself worthy of that status, with billions of dollars in gains from recent initial public offerings of several technology companies. As indicated by public filings, Sequoia currently holds an 8.4% stake in Snowflake, the cloud computing company which recently held the biggest software IPO ever, and a 24.1% stake in Unity, the gaming software company which recently completed a successful public debut. The venture capital firm also holds a stake of less than 5% in Sumo Logic, a data analytics firm that recently raised more than $300 million from a successful public debut. Altogether, Sequoia's stakes in the three companies sum up to about $9 billion, stakes that were acquired for considerably less than that amount. Sequoia appears to have continued its streak of winning big from the success of technology companies, many of which the venture capital firm i…

VW's Traton Partners With TuSimple

The Traton Group, a heavy-duty truck subsidiary of German automaker Volkswagen, has entered into a partership with self-driving trucks upstart TuSimple. Under the terms of the partnership, both parties have launched a development program to operate autonomous trucks in a specified route in the European nation of Sweden. Traton has also purchased a minority stake in TuSimple under the terms of the partnership.The partnership between Traton and TuSimple represents the latter's first in Europe and actually spans several countries. Traton is aiming to test driverless truck fleets powered by TuSimple's technology across countries including Sweden and Germany, with both companies focused on Level 4 automation for their truck fleet. Traton is particularly aiming to develop self-driving truck fleets to help tackle a shortage of drivers in Europe. It's estimated that there lies a shortage of 60,000 truck drivers in Germany alone. Along with tackling driver shortage, adopting self-d…