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Akamai has laid off 400 workers or 5 percent of global workforce
Feb 07, 2:48PM
Akamai, the Cambridge Massachusetts content delivery network and network services provider, announced they had laid off 400 people in their earnings call with analysts yesterday. On the call, Akamai CEO Tom Leighton indicated that the 400 people represented 5 percent of the the company’s 8000 worldwide workforce. “As part of our effort to improve operational efficiency, we… Read More
ESPN's streaming service will cost $4.99 and launch this spring
Feb 07, 2:20PM
In the fall we wrote that ESPN’s new streaming service ESPN Plus would launch in Spring 2018. However details were vague, with pricing unknown and no specific list of what programming would be available. But yesterday on Disney’s earnings call CEO Bob Iger unveiled some more details, including pricing. ESPN Plus will cost $4.99 per month, and be available “this spring”.… Read More
Captain401, now Human Interest, raises $11M to open build a 401(k) for small businesses
Feb 07, 2:03PM
Pushing through a funding round is never an easy process — and for Captain401 co-founder Roger Lee, it was even more tricky this time around. That’s because Lee and his team raised $11 million right around the birth of his first baby. That gave Lee an even deeper appreciation and understanding for the need of robust employee benefits, which was part of the original goal of… Read More
Intel's latest chip is designed for computing at the edge
Feb 07, 2:00PM
As we develop increasingly sophisticated technologies like self-driving cars and industrial internet of things sensors, it’s going to require that we move computing to the edge. Essentially this means that instead of sending data to the cloud for processing, it needs to be done right on the device itself because even a little bit of latency is too much. Intel announced a new chip… Read More
Telegram's new widget lets businesses connect directly with users of its chat app
Feb 07, 1:33PM
We know that messaging app Telegram has big plans — beyond a planned $1.2 billion ICO it is also developing its own platform for blockchain-based services — and today it took a notable step towards making its messaging platform more useful as it rolled out a web login widget. The new feature will allow website owners (business owners) to connect with Telegram users right from… Read More
Watch Yahoo Finance's crypto summit live
Feb 07, 1:30PM
The Yahoo Finance All Markets Summit: Crypto will examine the growing market and investor interest in crypto and the technology behind it. Specifically, where are these digital assets heading, and how can everyday investors buy in safely? From bitcoin and blockchain to ethereum and ICOs, we’ll discuss crypto investing with CEOs, engineers, policy makers and legal experts. Watch the… Read More
Mobility services platform Stratim, formerly known as Zirx, sells to KAR
Feb 07, 1:30PM
On the heels of its rebrand in November, mobility service STRATIM has sold itself to KAR Auction Services, a car remarketing company. Terms of the deal were not disclosed. STRATIM, formerly known as on-demand valet and car services startup ZIRX, powers fleet management for more than 50 companies, including BMW (DriveNow), General Motors (Maven), Ford (Chariot) and Toyota, to power their… Read More
UK outs plan to bolster gig economy workers rights
Feb 07, 12:57PM
The UK government has announced a package of labor market reforms to respond to changes in working patterns including those driven by the rise of gig economy platforms and apps like Uber and Deliveroo. Read More
Aperio raises a $4.5M seed round to protect power plants from hackers
Feb 07, 12:00PM
Protecting critical infrastructure like power plants and other industrial plants is just as important as it’s challenging. It’s one thing to take over a remote machine to mine some Bitcoin, but you’ve got a totally different problem when those hackers try to manipulate the physical infrastructure of your power plant with the goal of causing an explosion. With their thousands… Read More
Crypto prices mount a comeback following huge losses
Feb 07, 11:56AM
What goes up, must go down… what does down, must go up…? After a big and bloody plunge this week — which saw the price of bitcoin touch a two-month low of sub-$6,000 — the crypto market has mounted a comeback with double-digit gains across the board. Coinmarketcap.com — the current go-to for crypto pricing — shows that bitcoin is up 26 percent in the last… Read More
SoftBank's Vision Fund has already spent over $35 billion on investments
Feb 07, 10:41AM
SoftBank made waves when its gigantic Vision Fund hit a massive $93 billion first close of a targeted $100 billion total last year, but already it is clear why the firm is reportedly planning a sequel. According to the Japanese firm’s latest financials, it has already deployed one-third of the capital. A large chunk of the investments went on ride-hailing. SoftBank completed a $7.7… Read More
Day One Ventures launches fund which wraps VC and PR into one
Feb 07, 4:30AM
There is a clutch of new VC funds launched in the US every year, and but when you look at the stats around new funds started by women they are pretty dismal. A cursory glance at the figures from last year reveals that out of 153 funds founded in the US last year, only four were founded by women, and only two have gone on to raise money. Furthermore, women account for only seven percent of… Read More
SpaceX's spacesuited Starman mannequin serves a real purpose
Feb 07, 1:27AM
SpaceX put a “Starman” into space today, on a path to a potential wide looping orbit of Mars and Earth — it was actually a mannequin wearing an official SpaceX crew flight suit, but it was more than just a fun payload for a rocket that stood every chance of exploding mid-flight, it turns out. Read More
David Sacks's new startup wants to make it safer for old-guard industries to jump into crypto
Feb 07, 1:24AM
SEC chairman Jay Clayton made clear today that his agency, along with the Commodity Futures Trading Commission, remains acutely concerned about initial coin offerings and cryptocurrency trades. In fact, toward that end, they’re now looking for more expansive powers when it comes to protecting customers on cryptocurrency exchanges from fraud. Read More
Elon Musk says SpaceX to focus on BFR following Falcon Heavy launch
Feb 07, 12:56AM
SpaceX CEO Elon Musk said at a press event for the just-launched Falcon Heavy that SpaceX will now begin focusing in earnest on “BFR,” the code name for its next big space launch vehicle. BFR (aka “big f*cking rocket,” in case you lack imagination) will be designed to be a vehicle capable of using a single stage to make it all the way to orbit, with fully loaded tanks. Read More
After years of neglect, Snapchat wins in the developing world
Feb 07, 12:13AM
Snapchat doubled its Rest of World revenue this quarter. That’s a surprise, considering CEO Evan Spiegel never seemed to care about anyone but U.S. teens. Snapchat’s Android app was buggy. Its videos loaded too slowly on weak connections. And Spiegel even admitted “Historically we’ve really focused our efforts on markets where [high-end phones and broadband mobile… Read More
SpaceX landed two of its three Falcon Heavy first-stage boosters
Feb 07, 12:07AM
SpaceX has managed an incredible feat alongside its historic Falcon Heavy first test launch today — landing two of its boosters at once, nearly simultaneously, intact. The first-stage rockets used during today’s launch included two flight-proven Falcon 9 boosters previously used during missions for SpaceX in 2016 and then refurbished, which landed at their intended destinations… Read More
Senate cryptocurrency hearing strikes a cautiously optimistic tone
Feb 06, 10:40PM
In a hearing today before the Senate Banking Committee, SEC Chairman Jay Clayton and Commodity Futures Trading Commission Chairman Christopher Giancarlo opened up about what the near-term U.S. regulatory fate of cryptocurrency might look like. In a week of plunging prices and bad news, the hearing struck a tone that coin watchers could interpret as surprisingly optimistic. Read More
Placements.io raises $3.8M to help digital publishers manage their ad revenue
Feb 06, 10:37PM
Placements.io says it’s helping online publishers get paid on time for ads. Placements.io offers a system for publishers to manage ad inventory, orders, payments and billing, all across multiple sales channels. It also integrates with a variety of different adtech systems. Read More
Watch the live feed from SpaceX's Roadster-driving Starman in space
Feb 06, 10:18PM
SpaceX now has a live feed of its Mars-bound simulated astronaut, a dummy wearing the private space company’s new crew uniform. There are cameras mounted on the Tesla Roadster the dummy is “driving,” which was the primary payload for SpaceX’s Falcon Heavy launch, which went off almost perfectly as planned by SpaceX earlier today. Read More
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