Skip to main content

Posts

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

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…