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Dan Primack / Axios:
After closing on around half of its $250M Fund VIII, August Capital abruptly ended the fundraising and will return the limited partner commitments — Silicon Valley venture firm August Capital held its annual holiday dinner on Dec. 6. The mood was festive, not only because of the season …
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Theodore Schleifer / Recode:
All Raise: 14 women were added to US VC firms in senior roles in Q2 2018, the most of any recent quarter, but about 75% of firms still have no female partners — Venture capitalists spent 2018 welcoming women to the fold, but the welcome has been fitful, uneven and, scariest of all, tentative.
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Apple CEO Tim Cook issued a letter today, revising guidance for the company’s Q1 fiscal results. Per the letter, revenue has been shifted from an initial projection of between $89 billion and $93 billion to $84 billion. The note highlights a number of reasons for dropping the number, including, perhaps most notably, lower than expected results […]
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Timothy Williams / New York Times:
As Kansas City and others rush to remake themselves as “smart cities”, competing for attention from tech companies, experts worry about privacy and security — KANSAS CITY, Mo. — An algorithm predicts where potholes will emerge so road crews can resurface streets before cracks appear.
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Atlas Venture, the Cambridge, Mass.-based early-stage, biotech-focused venture firm, has for the first time raised an opportunity fund designed to help it support its most promising, maturing portfolio companies. The $250 million fund, announced by the firm this morning, is pretty well-timed, as these things go. Though the public markets have bounced back a bit […]
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CarDekho, an online marketplace for car sales in India, has pulled in a new $110 million Series C funding round from a clutch of existing investors to push deeper into financial services and insurance. Sequoia India, Hillhouse and Alphabet’s CapitalG led the round which also saw participation from Axis Bank, one of CarDekho’s financing partners. […]
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It’s not Lunar New Year yet, but there is something new on the moon. In a major milestone for space exploration, China announced that its lunar program has successfully soft-landed a probe on the far side of the moon, making it the first country to do so. The historic landing was reported by Xinhua, China’s […]
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Cate Cadell / Reuters:
Didi Chuxing rolls out a suite of financial products in China as it continues to diversify beyond the ride-hailing business, after a year of safety scandals — BEIJING (Reuters) - China's Didi Chuxing has launched a suite of financial products, including crowdfunding and lending …
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As one Congress ends and another begins, many are looking forward to a rebalancing of power — especially in the House of Representatives, which Democrats handily retook in November. But FCC Chairman Ajit Pai is more pleased with what the House failed to do — namely, roll back his repeal of net neutrality rules. To […]
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David Shepardson / Reuters:
FCC grants permission for Google to deploy its Soli radar-based sensors that enable touchless control of devices with hand gestures — WASHINGTON (Reuters) - Alphabet Inc's Google unit won approval from U.S. regulators to deploy a radar-based motion sensing device known as Project Soli.
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Hackers have hijacked thousands of exposed Chromecast streaming devices to warn users of the latest security flaw to affect the device. But other security researchers say that the bug — if left unfixed — could be used for more disruptive attacks. The culprits, known as Hacker Giraffe and J3ws3r, have become the latest person to figure […]
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Babu Mohan / MySmartPrice:
Leaked video of Nokia 9 PureView shows a smartphone flagship with 5 rear-facing cameras, a 5.99" display with 2K resolution, and an in-screen fingerprint sensor — The Nokia 9 PureView will sport a 5.99" PureDisplay with 2K resolution and run on a Snapdragon 845 SoC under the hood.
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Global investor Lightspeed is starting 2019 with its largest-ever fund for China, where it has backed a number of new internet challengers. The firm announced this week that its fourth China fund has closed with a total capital commitment of $560 million. The firm had a massive 2018, with no fewer than five of its portfolio holding IPOs […]
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Very rarely does an early technology garner such an air of inevitability like AR has in the past few years. 2018 was supposed to be a year where the foundational tech for augmented reality was built out a bit and the industry took a couple big leaps. Things started off well-enough, but momentum really doesn’t […]
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Since the advent of bluetooth earbuds, charging case have been utilitarian, at best. Understandable. I suspect few, if any, purchase the things based on how their cases look. For many of us, however, headphones are the one piece of tech aside from a smartphone (and, perhaps, wearable) we never leave the house without. When they’re […]
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A one-year-old Chinese startup called Luckin is busy waging war against Starbucks as the new year unfolds. At an event on Thursday, Luckin announced that it aims to be the largest coffee chain in China by number of cups sold and outlets by 2019. Caffeinated drinks are taking off in the tea-drinking nation. Average coffee […]
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Emil Protalinski / VentureBeat:
Net Applications: Windows 10 reached 39.2% worldwide OS market share in December, finally surpassing Windows 7, which dropped to 36.9% — More than three years after its release, Windows 10 has passed Windows 7 in market share. That means more desktop computers are now running Microsoft's latest …
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Sara Salinas / CNBC:
Netflix confirms it has hired Spencer Neumann as new CFO; source says Activision Blizzard fired Neumann because he was pursuing another job — - Netflix has hired Spencer Neumann as chief financial officer. He was the former CFO at Activision Blizzard. — Activision Blizzard fired Neuman …
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Twitch superstar Tyler “Ninja” Blevins has finally settled the debate over just how much he earned in 2018. CNN reports that the gaming phenom pulled in close to $10 million last year, a little tidbit that he revealed to CNN during his press campaign on New Year’s Eve in New York City. (He also tried […]
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Social media has become a primary conduit for getting the word out, in some cases proving to be an even stronger force for publicity than more traditional media outlets and paid advertising, and so today, a company that has grown its business around public relations services has acquired a social media management company to make […]
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Dave Briggs / CNN:
Popular Fortnite streamer Tyler Blevins, aka Ninja, says he has earned nearly $10M in 2018, with 70% of the revenue coming from Twitch and YouTube — New York (CNN Business)Any year in which a young man earns a living playing video games is a pretty darn good one.
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Brian Heater / TechCrunch:
Review of Amazon's $30 Echo Wall Clock: handy but unnecessary, as it is limited to timers and alarms, and requires pairing with an Echo device — Amazon gets into the business of time with a $30 Alexa companion — This was the year Amazon went all-in on the Alexa.
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Chris Welch / The Verge:
Roku Channel adds premium subscriptions, with networks including Showtime, Starz, and Epix available on Roku devices and apps, Samsung smart TVs, and more — Pay for everything on one bill with your Roku account — The Roku Channel, which offers free-to-watch, ad-supported movies …
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It’s on like Donkey Kong! We’ll be seeing you next week, on January 9, 2019 at 6:00 PM, where we’ll mingle and run a full TC pitch-off with a bunch of great hardware companies. I’ve added 40 extra tickets, so hurry! The event will be held at Work In Progress, 317 South 6th Street. Special […]
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Wear and tear is a major issue in the realm of electric scooters, resulting in a short lifespan of individual scooters and poor unit economics. At the Consumer Electronics Show today, Segway -Ninebot unveiled the Model Max scooter that is designed to help services like Bird and Lime, for example, reduce their respective operating and […]
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The Senate has officially confirmed the incoming FCC commissioners, Brendan Carr and Geoffrey Starks have been officially confirmed by the Senate for their five-year terms. This completes the five-seat commission, which is required to be balanced between the two parties — today's additions bring it to three Republicans and two Democrats.
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Shadma Shaikh / FactorDaily:
Sensor Tower: by the end of 2018, 44 of the top 100 apps in the Play Store in India were Chinese, with five among the top ten and TikTok taking the top spot — “TikTok is a Youtube killer.” — “Helo is giving ShareChat a tough time and has a higher chance of winning India market.”
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Stu Woo / Wall Street Journal:
Some of Huawei's clients complain Nokia and Ericsson are slow to release telecom gear as advanced as Huawei's, creating challenges if carriers have to switch — Nokia and Ericsson have been slow to release telecom equipment as advanced as Huawei's, major wireless providers say
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Apple had some bad news tonight. It was so bad, in fact, that it had to halt trading for a time while posting a grim report that its numbers would be lower than it had forecast at the last quarterly earnings report in November. Apple blamed faltering sales in Asia, particularly in China, for the adjustment, […]
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Amir Efrati / The Information:
Sources: Waymo has 950 employees while Cruise has 1,000+ and Uber's autonomous vehicle division has ~1,100; half of Waymo's 10-person executive team is female — Alphabet's Waymo self-driving car unit was the first to launch a commercial robo-taxi service, picking up and dropping off paying passengers.
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Chinese internet giant Tencent just lost a leading artificial intelligence figure. Zhang Tong, who previously worked at Yahoo, IBM and Baidu, has stepped down after directing Tencent’s AI Lab for nearly two years. The scientist will return to academia and continue research in the AI field, Tencent confirmed with TechCrunch on Thursday, adding that it […]
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Amazon Alexa had a good year as a developer platform – at least in terms of the number of voice apps being built for Alexa, if not yet the monetization of those apps. According to new data published today by Voicebot, the number of Amazon Alexa skills in the U.S. more than doubled over 2018, […]
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Arjun Balaji:
Thoughts on the state of crypto in 2018, which marked the start of a crypto recession, and predictions for 2019 as experts now focus on adoption and usage — My thoughts on the state of crypto in 2018 and where we're headed — As another year wraps up, I started writing an email …
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Vengo, a six-year-old, Bethpage, New York-based startup that makes touchscreen vending machines for a wide variety of uses and clients, has raised $7 million in new equity funding, shows a new SEC filing. That roughly doubles the amount of money the company has raised over the years, including from such notable investors as Brad Feld, […]
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2019 promises to be a great year in games. Innovation and competition will elevate the industry’s offerings and drive more inclusivity among a broader range of audiences.
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