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Feb 07, 2:48PM
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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…
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Feb 07, 2:20PM
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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”.…
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Feb 07, 2:03PM
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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…
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Feb 07, 2:00PM
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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…
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Feb 07, 1:33PM
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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…
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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…
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Feb 07, 1:30PM
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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…
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Feb 07, 12:57PM
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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.
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Feb 07, 12:00PM
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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…
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Feb 07, 11:56AM
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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…
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Feb 07, 10:41AM
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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…
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Feb 07, 4:30AM
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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…
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Feb 07, 1:27AM
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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.
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Feb 07, 1:24AM
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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.
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Feb 07, 12:56AM
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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.
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Feb 07, 12:13AM
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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…
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Feb 07, 12:07AM
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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…
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Feb 06, 10:40PM
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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.
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Feb 06, 10:37PM
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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.
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Feb 06, 10:18PM
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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.
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