Business

BitTorrent Inc., a company synonymous with “file sharing” system is finally sold to Justin Sun, founder of blockchain media start-up TRON. No official authority has disclosed details regarding the takeover, however, TechCrunch confirms that BitTorrent is being sold for $140 million in cash to TRON. BitTorrent, a pioneer in developing a concept based on decentralized computing architecture to share and store data, has a user base of 170 million. Though it was one of the hottest start-ups of Silicon Valley in 2004 with a breakthrough t...
Internet giant Google will invest $550 million in Chinese second largest e-commerce house, JD.com. Google is making all efforts to compete with Amazon in online shopping and exploring Asian fast-growing markets. On the other hand, JD.com plans to take on Jack Ma’s Alibaba, the leading e-commerce site of China. In a joint release, both the online powerhouses stated that they have “collaborated on a range of strategic initiatives, including joint development of retail solutions in Europe, the U.S. and Southeast Asia.” Google Chief Bus...
British-based Ocado Group Plc is a wholly-independent online supermarket. To put it plainly, unlike its competitors, Ocado does not own any physical store and its complete focus is on home deliveries done from its warehouses. These distribution facilities are called order fulfillment centers. Besides this, there is one more interesting aspect of Ocado operations. More than a thousand warehouse robots pack groceries in the Ocado order fulfillment centers located in England. They slide on a three-story-high aluminum electric grid and p...
Following in the footsteps of Apple revealing iOS 12 at WWDC 2018, Microsoft elaborated on its vision of computing in light of intelligent era at Computex 2018, Taipei on Tuesday. It launched a new device category, Windows Collaboration Displays, introduced a new service called Windows 10 IoT Core Services and showcased new partner computers. Microsoft shared a series of steps taken to harvest opportunities for device partners in the era of intelligent edge and intelligent cloud at Computex 2018. Embarking CEO Satya Nadella’s vision,...
ECCO, the global leader in innovative comfort footwear and leather goods has taken up a customized footwear creation project, QUANT-U. Coming from Innovation Lab ECCO (ILE), the project revolves around developing customized 3D printed midsoles. Presently, the QUANT-U project is in the pilot phase and this innovative service is solely available at ECCO’s concept store W-21 Amsterdam. The Denmark-based footwear brand, EECO was founded by shoemaker Karl Toosbuy in 1963. Since then, it has entered the complete supply chain starting from ...
The founding father of virtual reality, Jaron Lanier does not consider Facebook and Google as social network platforms. Rather he labels these tech giants as behavior modification empires. At the TED2018 in Vancouver, Canada, Lanier spoke about the rise of digital culture and how it has gradually turned into a haunted vision. He commenced the session with, “so we talked about extinction as being one and the same as the need to create an alluring, infinitely creative future. And I still believe that that alternative of creativity as a...
LG Display on Tuesday announced that it has developed a new breakthrough to prevent Virtual Reality motion sickness, the symptoms associated with virtual reality technology, by reducing the motion delay time. The symptoms include headaches, dizziness, pallor, drowsiness, vomiting, etc. According to The Investor, LG Display conducted the research jointly with Sagang University. And LG Display said the solution also resolved the low-resolution problem, turning VR content into higher-resolution images as soon as the breakthrough reduced...
The European law on data privacy has come into force from today, May 25, 2018. The much-awaited law by/for/of European citizens and a threat to all online services, European Union's General Data Protection Regulation (EU GDPR) is live. Now there exists a complete copy of guidelines on how the companies can collect, process, manage and store user information. And if anybody is found not complying with the data protection law, a hefty penalty is awaiting. Wait, while I am writing this, privacy activists have already filed complaints ag...
The UK-based food AI start-up Whisk.com has acquired the Germany-based competitor, Avocando. Whisk posted this announcement yesterday on the company website. No financial information on the acquisition is disclosed. However, as TechCrunch predicts, Whisk is acquiring the technology, customer base, integrations, and the entire team of Avocando along with the founders. The European digital grocery market is accelerating at a quick rate. More numbers of shoppers are exploring the benefits of e-commerce grocery shopping for personalized ...
Microsoft has announced the acquisition of Berkeley AI startup Semantic Machines to bolster its AI offerings and build machines with an advanced system of interaction. "We are excited to announce today that we have acquired Semantic Machines Inc., a Berkeley, California-based company that has developed a revolutionary new approach to building conversational AI. Their work uses the power of machine learning to enable users to discover, access and interact with information and services in a much more natural way, and with significantly...