Tag: category-/Business & Industrial

PayPal plans $500 million Uber investment

(Reuters) — Online payments company PayPal plans to invest $500 million in Uber Technologies Inc as the ride-hailing firm readies to unveil terms for its initial public offering on Friday, Refinitiv IFR reported. PayPal will invest in Uber through a concurrent private placement at the IPO price, IFR reported on Thursday, citing sources. A financial […]

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How AR and VR are driving return on investment in the Enterprise Reality Ecosystem

While consumer AR/VR is proving itself, enterprise AR/VR is already delivering strong return on investment for major corporations like Walmart, Lockheed Martin, and Verizon. But the market remains a series of connected point solutions, not a fully functioning ecosystem (yet). As major players like Microsoft build toward an end-to-end stack and win half-billion dollar contracts […]

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Amazon sets one-day delivery goal after profit surge

(Reuters) — Amazon.com plans to deliver packages to members of its loyalty club Prime in just one day, instead of two days, part of a spending ramp-up that may curb near-term profits and will up the ante for retail rivals such as Walmart. Shares rose as much as 2 percent in after-hours trade on Thursday […]

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Intel CEO: Headwinds in China’s PC market are making everyone more cautious

Intel CEO Bob Swan said in an earnings conference call that the company lowered its revenue expectations for the full year due to “headwinds” among customers in China and elsewhere as buyers reduce their orders. He said the company is in the midst of an ambitious transition to expand its market reach into everything from […]

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Amazon reports $59.7 billion in Q1 2019 revenue: AWS up 41%, subscriptions up 40%, and ‘other’ up 34%

Amazon today reported earnings for its first fiscal quarter of 2019, including revenue of $59.7 billion, net income of $3.6 billion, and earnings per share of $7.09 (compared to revenue of $51.0 billion, net income of $1.6 billion, and earnings per share of $3.27 in Q1 2018). North American sales were up 17% to $35.8 […]

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Hover raises $25 million to turn pictures of homes into 3D models

Hover, a startup developing AI-imbued apps that create customizable 3D models of homes from smartphone photos, today announced that it’s raised $25 million in series C funding from Menlo Ventures, with participation from previous investors including GV (formerly Google Ventures) and Standard Industries. It brings the company’s total venture capital raised to $87 million and […]

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SoftBank unveils solar-powered internet drone, invests $125 million in Alphabet’s Loon

SoftBank subsidiary HapsMobile, a joint venture established in 2017 by SoftBank and U.S. aerospace company Aerovironment, has announced a partnership with Loon, an Alphabet unit that’s developing a network of balloons that beam internet access to remote areas. HapsMobile will invest $125 million in Loon as part of what is touted as a “long-term strategic partnership,” […]

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Microsoft reports $30.6 billion in Q3 2019 revenue: Azure up 73%, Surface up 21%, and LinkedIn up 27%

Microsoft today reported earnings for its third fiscal quarter of 2019, including revenue of $30.6 billion, net income of $8.8 billion, and earnings per share of $1.14 (compared to revenue of $26.8 billion, net income of $7.4 billion, and earnings per share of $0.95 in Q3 2018). All three of the company’s operating groups saw […]

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Vue.ai raises $17 million for AI-driven retail products

AI in commerce is a fast-growing — and highly lucrative — industry. A recent report published by Juniper Research predicts that global retail spending on AI and machine learning will reach $7.3 billion per year by 2022, up from an estimated $2 billion in 2018. Stores with and without brick-and-mortar presences cite cost savings, increased […]

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FullStory raises $32 million to track and analyze digital customer experiences

FullStory, an Atlanta, Georgia-based software company developing a code analytics suite for digital customer experiences, today announced that it’s raised $32 million in series C funding led by growth equity firm Stripes, with participation from Dell Technologies Capital, GV (formerly Google Ventures), Kleiner Perkins, and Salesforce Ventures. It brings FullStory’s total venture capital raised to […]

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Docker and Arm partner to streamline containerized app development on Arm-based hardware

The app container industry is expected to experience enormous growth in the next few years, coinciding with the rise in popularity of processor servers based on British holding company Arm’s architectures. In fact, 451 Research anticipates the emerging market will be worth more than $4.3 billion by 2022, while Arm claims close to 1 million […]

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Credly raises $11.1 million to issue and manage digital badges

New York-based digital credentialing company Credly today announced that it has raised $11.1 million in a series A funding round led by Zoma Capital and the nonprofit Strada Education Network, with contributions from existing investors New Markets Venture Partners, University Ventures, Pearson, Lumina Foundation, Pearson, and Lion Brothers Company. This brings Credly’s total venture capital […]

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Databricks launches Delta Lake, an open source data lake reliability project

Databricks is launching open-source project Delta Lake, an initiative cofounder Ali Ghodsi calls the company’s biggest innovation to date, bigger even than its creation of the Apache Spark machine learning library. Delta Lake is a storage layer that sits on top of data lakes to ensure reliable data sources for machine learning and other data […]

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Vdoo raises $32 million to secure IoT devices

By 2020, Gartner predicts that there will be more than 20 billion connected devices globally — a number that has some executives worried. In a recent survey conducted by Spiceworks, 90% of IT professionals expressed concern that the influx would create security and privacy issues in the workplace. And in a separate study commissioned by […]

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Two Bit Circus unveils developer program for location-based entertainment

Two Bit Circus has opened a “Park as a Platform” program to enable game developers to create location-based entertainment more quickly and easily. During its development, Two Bit Circus‘ founders Brent Bushnell (son of Atari cofounder Nolan Bushnell) and Eric Gradman realized that some traditional approaches to game development were slowing innovation and hindering the […]

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Snap returns to growth with 190 million daily users in Q1 2019

In its Q1 2019 earnings report today, Snap had lots of good news for investors, from increased users to significant revenue growth. The camera company has not only halted the quarters-long trend of losing daily active users (DAUs), it’s increased that number 2% since its Q4 2018 report, to 190 million DAUs. That’s still shy […]

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Waymo will build its driverless cars in Detroit

Months after Waymo announced that it’d select a factory in southeast Michigan dedicated to the production of level 4 autonomous cars — that is, cars capable of driving without human supervision in most conditions — the Alphabet subsidiary this morning revealed that it’s settled on a location in Detroit. It’ll partner with Detroit-based American Axle […]

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Amazon’s in-garage delivery service is now open for business

Amazon has officially launched its in-garage delivery offering for Prime customers in the U.S., nearly four months after first announcing the service. Key for Garage, as it’s known, is an extension to the broader Amazon Key service that debuted back in 2017, which allows delivery drivers to leave packages in customers’ homes while they’re out, […]

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Perspectium raises $8 million for cloud data migration services

Perspectium, a San Diego, California-based startup founded six years ago with the goal of simplifying enterprise data and process integration, today announced that it’s secured $8 million in series B funding led by TVC Capital, which brings its total raised to $16 million following an $8 million series A round in May 2017. Founding ServiceNow […]

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Brightback raises $11 million for automated subscription retention service

Subscription retention and churn management software company Brightback today announced the close of an $11 million funding round. The startup will use this money to hire engineers and marketing and sales employees and to further develop its data and integrations platform, which is built to classify and segment high-volume customer bases. “A lot of these […]

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