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Bitcoin has surged above $8,000 and theories around why abound
May 14, 2:01PM
Bitcoin is now trading at around $8,130, up a whopping 60.84 percent over the past month, with the price surging $3,086.14 over the period. The cryptocurrency’s meteoric rise is reminiscent of its rocketing growth in the latter half of 2017, when prices reached over $18,400 on the back of buoyant capital markets, rampant speculation, and […]
Google's latest app, Rivet, uses speech processing to help kids learn to read
May 14, 1:59PM
Rivet, a new app from Google’s in-house incubator, wants to help children struggling to read. The app hails from Area 120 — Google’s workshop for experimental projects — and includes over 2,000 free books for kids as well as an in-app assistant that can help kids when they get stuck on a word by way […]
HP's new gaming laptop has more screens for more content
May 14, 1:53PM
There's something about gaming laptops that make manufacturers do weird things. It's kind of wonderful, in a way. Companies tend to give their teams a much wider berth for strange and novel designs, and HP's Omen line is certainly no stranger. Designs that tend to be relegated to the concept shelf of history actually hit […]
Disney is taking operational control of Hulu, with Comcast selling its stake in 2024
May 14, 1:39PM
Disney will be taking full operational control of Hulu, although Comcast will hold onto its ownership stake until 2024. Disney became a majority owner of in the streaming service — currently a joint venture between Disney and Comcast — earlier this year with the acquisition of Fox. And last month, Hulu announced that it would […]
Early-stage investment firm Defy hires Eventbrite exec Brian Rothenberg as partner
May 14, 1:30PM
Defy, a Series A venture capital fund, has hired its first non-founding partner.
Adobe ties up with Amazon to build D2C stores powered by Amazon's commerce and fulfillment tools
May 14, 1:01PM
E-commerce giant Amazon was built on the concept of a large marketplace that could be the home for all online shopping, whether it was for items and services it was selling itself or those sold by third parties. Now — capitalising on the new trend for direct-to-consumer (D2C) selling, it is partnering with Adobe to […]
Adobe Lightroom adds tutorials, shared albums and texture control
May 14, 1:00PM
Adobe Lightroom is getting its first new slider in a long time today that helps bring out texture in images. This new feature, which will be available in Lightroom, Lightroom Classic and Camera Raw, is part of today’s May release of Adobe’s photo editing and management tool. In addition, the company is also launching a […]
Hailo launches its newest deep learning chip
May 14, 1:00PM
Hailo, a Tel Aviv-based AI chipmaker, today announced that it is now sampling its Hailo -8 chips, the first of its deep learning processors. The new chip promises up to 26 tera operations per second (TOPS) and the company is now testing it with a number of select customers, mostly in the automotive industry. Hailo […]
Tempo Automation raises $45M Series C for its turnkey circuit board manufacturing solution
May 14, 1:00PM
Tempo Automation, a San Francisco-based startup that helps shorten the time from prototype to production for electronics manufacturers, announced today that it has raised a $45 million Series C led by returning investor Point72 Ventures. The round also includes new investor Lockheed Martin and existing investors Lux Capital and Uncork Capital. The company's turnkey solution […]
Sonos finally gets Google Assistant integration
May 14, 1:00PM
After delaying a promised 2018 arrival (while offering a beta as consolation), Google Assistant is finally arriving on select Sonos speakers. Not an earth shattering bit of news, but certainly a nice little free software upgrade for those who already own a Sonos One speaker or Sonos Beam soundbar. It's a mutually beneficial deal for […]
The Statue of Liberty gets an AR app to celebrate its new museum
May 14, 1:00PM
This week, the new $100 million Statue of Liberty Museum opens in the shadow of one of America's most iconic landmarks. The 26,000 square foot space offers insights into the statue's storied history, along with context for that majority of visitors who ultimately can't make it inside the structure. For those who can't don't make […]
Lambs, the radiation-proof underwear company formerly known as Spartan, is now selling beanies
May 14, 1:00PM
Earlier this year, Spartan, the French manufacturer of a silver-lined underwear designed to block EMF radiation from cell phones and wireless routers, relocated to the U.S. and raised some capital from the Los Angeles-based investment firm, Science. Now the company has relaunched as Lambs and is adding a radiation-proof silver-lined beanie to its $29-per-pair underwear […]
LinkedIn integrates and updates jobs and hiring platforms, hits 20M job postings
May 14, 12:58PM
LinkedIn, the social networking platform for the working world that’s now owned by Microsoft, has leveraged its role as a repository for people’s work profiles into making itself a job hunting and recruitment powerhouse. The company today has amassed more than 20 million job listings — up from a mere 300,000 five years ago — […]
Google announces $11.2 million grant fund for organizations working on safety
May 14, 12:23PM
Google.org, the charitable arm of Google, just announced a new grant fund for European organizations. This fund in particular will support nonprofits, universities, research teams and for-profit social enterprises working on safety issues and combatting abuse. Google .org has already partnered with the Institute for Strategic Dialogue to help organizations in the U.K. But they […]
InnoVen Capital, one of Asia's most prominent venture debt firms, adds $200M more to its kitty
May 14, 11:26AM
Founders might not believe it, but managing a venture capital firm isn’t all that dissimilar to a startup. Case in point today: InnoVen Capital, one of Asia’s most prominent venture debt firms, has pulled in $200 million in new money to continue its expansion in the region. The money comes from InnoVen’s two shareholders — […]
Spotify-owned Soundtrap launches a podcast studio in the cloud
May 14, 11:00AM
In November 2017, Spotify picked up the online music studio Soundtrap as part of its efforts to offer more services to artists on its platform. Now that Spotify has a growing interest in podcasts and the needs of podcast creators, Soundtrap is launching a new product to address that market instead. The company today announced […]
EV startup Rimac scores $90M investment from Hyundai and Kia
May 14, 10:22AM
Rimac Automobili, the European EV startup that landed an investment from Porsche last year, has again gained the backing of traditional automakers after Hyundai Motor Company and Kia Motors jointly invested €80 million, or around $90 million. Beyond the significant cash infusion, the three parties said the deal includes “a strategic partnership to collaborate on […]
Amazon rolls out Alexa Guard, to help protect your home while you're out
May 14, 10:00AM
Amazon announced this morning that it's begun to roll out Alexa Guard to all Echo customers in the U.S. The feature lets the company's line of smart home products double as home security devices while the user is out. Say "Alexa, I'm leaving" on your way out the door, and the Echo device will start […]
India's largest mobile wallet company Paytm now offers a credit card
May 14, 9:55AM
Paytm, India's largest mobile wallet app, has branched out to several businesses in recent years as threat from Google and Facebook grows. On Tuesday, it added another category to the list: credit cards. The firm, operated by One97 Communications, today unveiled Paytm First Credit Card with lofty benefits as it races to bulk up its […]
JD.com to foster connected vehicle fleets with $55M investment
May 14, 9:34AM
JD.com, the Chinese answer to Amazon and Alibaba’s long-time rival, is looking to further automate its logistics network after agreeing to pour 376 million yuan (around $55 million) into Jiangsu Xinning Modern Logistics in exchange for up to 10 percent stake. That’s according to a filing released on Monday by Xinning, a China-listed logistics firm […]
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