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Showing posts from February, 2019

BMW's Two-Man Bobsled Prototype Passes Test Rides

A two-man bobsled being developed by BMW in preparation for the 2019/2020 Bobsleigh World Cup has hit past test rides, with "promising results" as stated by BMW. It says the sled concept - one it's not particularly known for, being focused on the automobile market - developed using computer simulations and tested at the BMW Aerodynamic and Research Center has proven successful.

Its development phase lasted ten months, with double bobsled Olympic champion Francesco Friedrich, world champion Johannes Lochner and junior world champion Christoph Hafer on the steering handles. According to BMW, a measuring system provided by its Motorsport division and modified for bobsleds was responsible for the tests.


While many of us might not be familiar with bobsledding, it's a really interesting sport to catch fun with. Bobsledding is very much present at the Winter Olympic Games that holds every four years from its last interval. The next Winter Olympics will be holding in 2022, …

Uber, Lyft Reportedly Plan To Offer Drivers Shares In IPOs

According to the Wall Street Journal, Uber and Lyft are planning to offer some drivers cash bonuses to purchase stock in their upcoming initial public offerings, a move that'll enable access to two of the hottest IPOs expected to take place this year. The paper says the companies' longest-serving drivers will be getting cash awards, with an option to put it towards purchase of shares in the IPOs.

It says Uber is planning bonuses for a “significant” portion of its 3 million drivers, while Lyft plans to issue $1,000 bonuses to drivers who have completed at least 10,000 rides on its platform, and as much as $10,000 to those who have done 20,000 rides. Such statistics indicates that only a minority of Lyft drivers would be eligible for the bonuses.


In the past, Uber has been reported to be mulling issuing shares to its driver, while being met with resistance from regulators because its drivers are classed as contractors rather than employees. The San Francisco based company - whi…

Fitbit Health Unit To Hit $100 Million In 2019 Revenue

At a recent earnings conference call, James Park, co-founder and CEO of Fitbit - the popular wearables brand that recently launched a new tracker available via corporate plans - said that the company's Health Solutions division, which focuses on healthcare providers and enterprises, will deliver $100 million in 2019 revenue.

This is just two years after the division was launched to tap into a new market amid falling sales of consumer devices. Fitbit also says it plans to add more software and services and launch a paid premium service later this year. "We believe there is a significant opportunity to leverage investments that we make in our consumer-facing business to drive B2B revenue to our Fitbit Health Solutions business..." CEO James Park said.


"...We are steadily building momentum in our FHS (Fitbit Health Solutions) business. More than 6.8 million Fitbit users including employees of several Fortune 500 companies have connected their data into the (its) popul…

Mike Cagney's Figure Raises $65 Million Series B Round

Figure - a startup led by Mike Cagney, a co-founder and former CEO of $4.3 billion valued online lender SoFi - has raised $65 million in Series B funding, boosting its total raised to $120 million in just 2 years of operation. This round values the company at $365 million - according to Bloomberg, about double its previous valuation.

RPM Ventures and partners at DST Global led the round, with participation from the likes of Nimble Ventures, Morgan Creek, DCM, DCG and Ribbit Capital. With Mike Cagney continuing in the online lending industry, Figure makes home equity loans, which it says it does in as little as five days via blockchain technology.


The company says other lenders plan to make use of its in-house blockchain tech to begin providing loans by mid-2019. In addition to home equity loans, Figure also operates Figure Home Advantage (FHA), a solution that enables customers reverse their mortgages. This is done by selling their homes to Figure, getting cash up front and then payi…

Samsung Kicks Off Mass Production Of 512GB Storage Chip

Samsung has announced that it has begun mass production of a 512-gigabyte (GB) embedded Universal Flash Storage (eUFS) 3.0 chip for mobile devices, one it says delivers twice the speed of the preceding eUFS 2.1 version. The company says the new storage solution is 20 times faster than a conventional microSD card, with:
Sequential read speed of 2100 MB/sSequential write speed of 410MB/sRandom Read Speed of 63,000 IOPS andRandom write speed of 68,000 IOPS

For example, Samsung says it successfully transferred a 3.7GB full HD movie file from a mobile device to a PC - using the 512GB eUFS 3.0 - in just three seconds, a non-conventional speed. The Korean tech giant also plans to debut a 128 GB version of the storage chip in soon time, with 1TB and 256GB versions to come in the second half of this year.

In recent times, Samsung has also caught the eyes of many with the debut of its 1 terabyte (TB) storage chip - a storage capacity previously unheard of for smartphones, and a foldable smartph…

Affirm Brings Its Payment Plan To Walmart

Affirm, the popular San Francisco based startup - valued at nearly $2 billion - known for its installment payment plans that enable consumers purchase goods at various online stores at full price, to pay later in 3, 6, or 12 monthly installments - has brought its payments option to a very notable retailer, Walmart.

Partnering with the largest retailer in the U.S., shoppers will now get the option of using Affirm to pay for purchases at Walmart's nearly 4,000 retail centers in the U.S. and also Walmart.com, its Amazon competing e-commerce site. Customers will first check eligibility through Affirm's site before they head into a Walmart store or do it while they shop, using their mobile devices or desktops.


Affirm will be available as a payment option on Walmart purchases ranging from $150 to $2,000, But select items including groceries, alcohol, tobacco, personal care and pharmacy won't have the payment option.

“Walmart serves millions and has become a leader in the retail…

FedEx Unveils Self-Driving Delivery Robot

Following the likes of Postmates and Amazon, FedEx has unveiled its own autonomous delivery robot - the FedEx SameDay Bot, one the company says is designed to help retailers make same day and last-mile deliveries. The courier delivery giant has partnered with companies like Lowe's, Pizza Hut, Target, Walgreens, AutoZone and Walmart for autonomous deliveries via the new robot.

The FedEx SameDay Bot was developed in collaboration with DEKA Development & Research, a firm led by Dean Kamen, an engineer popularly known for his invention of the Segway and the iBot electric wheelchair.



“The bot has unique capabilities that make it unlike other autonomous vehicles,” Kamen said in a press statement. “We built upon the power base of the iBot, an advanced, FDA-approved, mobility device for the disabled population with more than 10 million hours of reliable, real-world operation. By leveraging this base in an additional application, we hope that the iBot will become even more accessible …

Facebook To Usher In 'Clear History' Tool This Year

Facebook will be debuting a 'clear history' tool this year, its Chief Financial Officer David Wehner told the crowd at the Morgan Stanley Technology, Media & Telecom Conference. CNBC first reported of Wehner's comments. Wehner noted that the tool, first promised in 2018, will impact Facebook's ability to target advertisements.

"Broadly, [clear history is] going to give us some headwinds in terms of being able to target as effectively as before," He said at the conference. Facebook first announced this feature at its F8 developer conference in May 2018, with CEO Mark Zuckerberg stating that the feature would "be a simple control to clear your browsing history on Facebook -- what you've clicked on, websites you've visited, and so on."


"Once we roll out this update, you'll be able to see information about the apps and websites you've interacted with, and you'll be able to clear this information from your account," Zuc…

Walmart Acquires Israeli Startup Aspectiva

Walmart has acquired Aspectiva, an Israeli startup that develops solutions that analyse consumers' product reviews to assist online shoppers in making purchase decisions. The Israeli startup will be joining Store N° 8, an incubator set up by Walmart in 2017 to develop e-commerce solutions.

It'll continue to operate from its offices in Tel Aviv while housed under Walmart. Financial terms of Walmart's acquisition were not disclosed. The U.S. retailer says Aspectiva's tech will "further enhance the (its) end-to-end shopping experience".


This acquisition marks as Walmart's latest scheme with Israel based tech companies, having recently invested in Israeli cyber-security company Team8 and also committed $250 million for a joint venture with Israel based interactive video content developer Eko.

“Our team is extremely excited to be joining Store N° 8 and be part of Walmart’s most recent investment in Israel. Store N° 8’s record of innovation and of developing c…

Amazon Adds Ex PepsiCo CEO Indra Nooyi To Board

Amazon has named Indra Nooyi - the former CEO of beverage giant PepsiCo who led the company for 12 years, before stepping down in October 2018 - to its board. This comes shortly after the company added Starbucks COO and former Sam's Club CEO Rosalind Brewer to its board. Amazon's board is now 11 member strong, including CEO Jeff Bezos.

Nooyi's appointment ups the number of women on the company's board to five, almost equal to the number of male members - 6, after the Seattle based company faced criticism in the past for its male-dominated leadership. Nooyi joined PepsiCo in 1994, staying at the company for over two decades. In addition to now Amazon, she also serves on the boards of oilfield services giant Schlumberger, PepsiCo owned Sandora and non-profits Catalyst Inc and the Lincoln Center for the Performing Arts.


Nooyi will serve as a member of the Amazon board's audit committee, the Seattle based e-commerce giant said in a filing.




More on Amazon :
Amazon Says O…

Caesars Takes Stake In And Partners With DraftKings

Caesars - the Nevada based gaming corporation known for its many casinos - has partnered with DraftKings, a legal sports betting startup valued at $1.5 billion, taking an undisclosed stake in the company and agreeing to offer market access for its online gaming products. DraftKings will now promote Caesars Entertainment as an official casino resort partner in states where the companies will collaborate in.

Under the new agreement, Caesars will get a cut of DraftKings' gambling revenue in these states, while opening a new avenue for the company - a top leader in legal online sports betting - to expand reach. With this partnership, DraftKings should now be able to offer non-sports gambling like slots, roulette and online poker in states in the US that allow it.


"This alliance is the latest initiative by Caesars to capitalize on our database, generate a new revenue stream in a growth market and raise our profile in sports, in part by creating new sports-themed guest experiences…

Samsung Debuts Two New Mid-Range Phones

Samsung has unveiled to new mid-range Galaxy A smartphones - the Galaxy A50 and A30 - with a focus on the camera, among other specs. The new debuts are two among many smartphones debuted at the on-going Mobile World Congress (MWC) event. Features of the new smartphones are shown below :

Galaxy A50
6.4-inch FHD+ Super AMOLED display (edge-to-edge)4GB / 6 GB RAM64GB / 128 GB Internal StorageMicro SD (up to 512GB) support4,000 mAh batteryQuad 2.3GHz + Quad 1.7GHz processor25 MP main cameraFast charging technologySamsung Pay supportBixby support3D Glasstic designOn-screen fingerprint


Galaxy A30
6.4-inch FHD+ Super AMOLED display (edge-to-edge)3GB / 4GB RAM32GB / 64 GB Internal StorageMicro SD (up to 512GB) support4,000 mAh batteryDual 1.8GHz + Hexa 1.6GHz processor16MP main cameraFast charging technologySamsung Pay support3D Glasstic designFingerprint


The A50 comes in a smooth curved shape and slim design, available in Black, White, Blue and Coral colors. Pricing and availability information…

LG Debuts A Smartphone That Can Be Unlocked By Users' Veins

It seems facial and voice recognition and the use of fingerprint for smartphone security is not enough, If you feel it is, then LG has decided otherwise, debuting a new smartphone - the G8 - that can be unlocked via the user's veins, yes the user's veins. The G8 counts as the first known smartphone with advanced palm vein authentication, which LG says is made possible by the combination of a time-of-flight camera and infrared sensors.

LG's Hand ID - as named - identifies smartphone owners by recognizing the shape, thickness and other individual characteristics of the veins in the palms of their hands. The G8 also uses facial and fingerprint recognition for those who want to use it. Other features of the new smartphone include :


A Qualcomm Snapdragon 855 processor6.1-inch QHD+ OLED display (19.5:9 aspect ratio)6GB RAM / 128GB memorymicroSD (up to 2TB) supportAndroid 9.0 Pie OS3500mAh battery3G / 4G LTE-A network supportHand ID / Face Unlock / Fingerprint Sensor16MP Super Wi…

LG Debuts First 5G Smartphone

At the Mobile World Congress (MWC), LG has debuted the V50 Thin Q smartphone, an updated version of the V40 released in 2018, with support for 5G network, a Qualcomm Snapdragon 855 processor, a larger 4,000 mAh battery and a new heat dissipation system. In anticipation for the phone's debut, LG is partnering with 10 major carriers in markets where 5G service will launch this year, including the US, Australia, South Korea and a number of European countries.

Features of the LG V50 Thin Q include :
6.4-inch QHD+ OLED display (19.5:9 aspect ratio)6GB RAM / 128GB memorymicroSD (up to 2TB) supportAndroid 9.0 Pie OS3G / 4G LTE-A / 5G network support16MP Super Wide / 12MP Standard rear camera8MP Standard / 5MP Wide front camera183g weightUSB Type-C (USB 3.1 Compatible) / Bluetooth 5 / NFC / Wi-Fi 802.11 connectivityWater and dust resistanceGoogle Lens / Google AssistantFace RecognitionFingerprint sensorFM RadioFast-charging technology (Qualcomm Quick Charge 3.0)DTS:X 3D surround soundFull…

Microsoft Debuts New Cloud-Powered Kinect Developer Kit

Microsoft has debuted a new PC peripheral based on the Kinect, an original Xbox 360 accessory for motion sensing so players could control games with their hands or body. The company is packaging its work on the Kinect into a new developer kit dubbed Azure Kinect that'll let developers build AI algorithms.

The new kit comes with several AI sensors - its core being a time-of-flight depth sensor developed for the new HoloLens mixed-reality headset, a high-definition RGB camera and a 7-microphone circular array that'll enable development of computer vision and speech solutions with Microsoft Azure.


Microsoft cites an example of the Azure Kinect being applied in healthcare, with health-tech company Ocuvera building a solution to prevent patients from falling in hospitals. With the Azure Kinect, Microsoft says environmental precursors to a fall can be determined, allowing notified nurses to get to patients before they fall. Every year in the US, over 1 million hospital patients are…

Microsoft Debuts HoloLens 2

At the Mobile World Congress in Barcelona, Microsoft has unveiled the second version of its mixed-reality headset, the HoloLens 2, coming after the release of the first version 2016. As expected the new headset comes with enhanced features like:
More than double the field of view of the first HoloLensA new display systemA new time-of-flight depth sensorEye-tracking sensorsIris recognition for loginA new dial-in fit system (for comfort while wearing)Improved thermal managementA more balanced center of gravity, thanks to use of light carbon-fiber material and a new mechanism for putting on the device without readjusting



Features such as a holographic density of 47 pixels per degree of sight where maintained from the first version of the HoloLens. Coupled with mixed reality applications like Dynamics 365 Remote Assist, Dynamics 365 Layout and the new Dynamics 365 Guides, the new HoloLens provides a broad range of uses built specially for the headset.

Microsoft has also arranged a partner…

Most Read Posts

Meet goPuff, A Low-key Delivery Company Worth $1 Billion

The food-delivery market is one with intense competition. The likes of DoorDash, Uber Eats, Postmates, Deliveroo, Swiggy, Just Eat, Yelp Eat 24, and more are steadily competing for global market share while also raising huge funding. Just recently, Deliveroo raised $575 million in a round led by Amazon. DoorDash has also raised $600 million Series G funding at a $12.6 billion valuation.

Amid the intense battle, it turns out there's one hot startup that has stayed low key to avoid the eye of rivals, but it seems word is getting out. That low-key hot startup is goPuff, an on-demand delivery service that was valued at $1 billion last November (after an investment), according to regulatory filings reviewed by The Information. goPuff ships products to customers from centrally located facilities -- as opposed to direct pickup from stores -- in 81 U.S. cities.


The company -- based in Philadelphia -- stocks more than 3,000 products at its facilities which it then ships to customers who o…

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

Amazon has began shipping the Echo Auto, one of the several new Alexa-enabled devices the company announced last year September. Alongside the Echo Auto, Amazon also unveiled several other Alexa-enabled gadgets including a microwave, clock, security camera and a smart plug.

Amazon tells TechCrunch over 1 million pre-orders were placed for the Echo Auto, signalling high interest in the device, which is basically a digital assistant for automobiles. Using the Echo Auto, car owners can link Amazon Alexa to their smartphones, and then perform several auto-related tasks such as playing music via car speakers, opening the garage door, finding the nearest gas station, and listening to the news while on the go, all via voice command.


Before now, the Echo Auto had only been available on an invite-only basis, with a few users having already set their hands on the device just in time for Christmas, according to Amazon VP Steve Rabuchin. Why the Echo Auto remained open only for pre-orders for so…

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…

Facebook Unveils Digital Currency

After several reports of Facebook working on a digital currency, the company has officially unveiled just that. Today, Facebook divulged details of a new cryptocurrency, Libra, that'll let people purchase things or transfer money to people with close to zero fees. Users will be able to buy or cash out their Libra online at local exchange points, and spend it using third-party wallet apps or Facebook's newly announced wallet, Calibra. Calibra will be offered as both a standalone app, and within the WhatsApp and Messenger apps.

 Facebook won't exert full control of Libra, but has instead assembled a team of founding members that'll each get a single vote (including Facebook itself) in the governance of the new digital currency. The partners (a quite reputable list) have each invested at least $10 million into Libra's operations. They include:
StripePayPal CoinbaseVisaMastercard PayU UberLyftSpotifyBooking Holdings Farfetch Andreessen Horowitz Vodafone Thrive Capital …

Magic Leap Said To Be Raising More Funding

Magic Leap, a Florida-based augmented reality startup that's already garnered some $2.6 billion in funding, is raising even more funding according to a report from Variety. A spokesperson for the company further confirmed Variety's report, stating that Magic Leap "is in the midst of a significant financing round". “We have already closed a major portion of this round, some as equity and some as convertible debt that will become equity when the round is complete. The participants in this round include existing investors, new investors, and strategic partners.” The spokesperson said.

Initial signs of Magic Leap seeking more funding surfaced in August, when the company assigned all of its patents to JPMorgan Chase as collateral. Reports of the transfer recently surfaced on Hacker News, a popular technology-focused social news website/forum, where several commenters evinced that such arrangement could be an indicator of financial struggles. However, such arrangement isn…

AT&T set to acquire Digital ad-tech unicorn AppNexus for over $1.6 Billion

image credit : AppNexus

Telecom giant AT&T which provides a vast range of digital services to a huge number of customers around the world has now been confirmed to be acquiring NY based programmatic online advertising company AppNexus for a huge price between the range of $1.6 Billion -$2 Billion.

AT&T is making this huge acquisition of the company which provides a cloud based advertisement marketplace and raised over $300 million from various investors in order to add to AT&T's growing list of digital services with AppNexus being added to the company's advertising and analytics division.

This will also represent a huge addition to AppNexus's ecosystem as AT&T currently counts over 170 million direct to consumer relationships which AppNexus can hugely tap into and leverage for the expansion of its ad technology services.





AppNexus is notable for raising over $300 million from various investors including Khosla Ventures, Tribeca Venture Partners, Yahoo! Japan…

Facebook Reportedly Working On Cryptocurrency For WhatsApp Transfers

According to a Bloomberg report, Facebook is working on a cryptocurrency that will enable users transfer cash on its WhatsApp messaging app with a first focus on the Indian remittances market. The report says the company is developing a stablecoin - crypto pegged to a currency or exchange traded commodities to minimize volatility - for this.

"Like many other companies, Facebook is exploring ways to leverage the power of blockchain technology," a company spokesman said in a statement. "This new small team is exploring many different applications. We don’t have anything further to share."


Former PayPal president David Marcus currently leads the company's blockchain initiatives so moves like this to take stand in the payments market are likely. Going by employee titles on LinkedIn, Facebook currently has about 40 people on its blockchain group signaling a hiring spree for the unit.

India has over 200 million users and counts as the world's largest remittances…

Magic Leap, Microsoft and others said to be bidding on AR army combat contract

Florida based Magic Leap, The AR hardware manufacturer valued at $6.3 billion from a most recent funding round and also known for a release of its first developer focused AR hardware of its first Creator's Edition augmented reality headset just last month has now been reported to be pushing to land a contract with the U.S. Army for development of AR  devices for soldiers to make use of in combat missions.

As per Bloomberg, The contract which could see the military purchasing up to 100,000 headsets as part of an initiative whose total cost could exceed $500 million is also being talked up with tech giant Microsoft.

The program currently known as HUD 3.0 (HUD standing for “heads up device”) is said to have been stirred for years in the armed forces with preparations being made for what entails a construction of a physical headset made to overlay digital images in the physical world in addition to a software platform to be used for both training and live combat.

Details concerning t…

Microsoft Hires Former U.S. AG To Probe AnyVision

Microsoft has said it has hired Eric Holder, a famed lawyer who served as the Attorney General of the U.S. from 2009 to 2015, to investigate if AnyVision, an Israeli AI company it invested in, violated Microsoft's ethics regarding use of facial recognition technology. Quoting a Microsoft spokesperson, Holder's team of former federal prosecutors "will move quickly, reviewing documents and conducting on the ground interviews with AnyVision employees and others to ensure a full and thorough investigation."


NBC News earlier reported Holder's hire. The news outlet previously reported that facial recognition technology developed by AnyVision had powered a secret military surveillance project for the Israel army that monitored Palestinians in the West Bank. According to NBC News, the project was so successful that AnyVision won Israel's top defense prize in 2018 for preventing "hundreds of terror attacks" using "large amounts of data." AnyVision…

Airbnb Seals Nine-Year Olympics Sponsorship Deal

The International Olympic Committee (IOC) has announced it has sealed an agreement with Airbnb that entails the online accommodation marketplace joining The Olympic Partner Programme (TOP), the highest level of sponsorship offered by the Olympic Committee. Under the program, Airbnb will be a sponsor for the Olympic Games, with a contract that runs for a nine-year period. According to The Financial Times, Airbnb's sponsorship deal is valued at $500 million.


As a global partner, Airbnb will be a sponsor for the Olympic Games Tokyo 2020, the Olympic Winter Games Beijing 2022, the Olympic Games Paris 2024, the Olympic Winter Games Milano Cortina 2026 and the Olympic Games Los Angeles 2028. The partnership also covers Paralympic Games from 2020 through 2028.

Such partnership, centered mainly on marketing and brand awareness, is conventionally bound to bring in more business for Airbnb. Airbnb said the partnership will generate "hundreds of thousands of new hosts" on its plat…