Following a flopped IPO in 2012, Facebook desperately brainstormed new ways to earn money. An employee of unknown rank sent an internal email suggesting Facebook charge developers $250,000 per year for access to its platform APIs for making apps that can ask users for access to their data. Employees also discussed offering Tinder extended access…
Chinese video streaming service iQiyi is raising new cash as it feels the squeeze from surging content costs. The video business, which is owned by China’s online search giant Baidu, said on Wednesday that it will issue $500 million in convertible senior notes. Proceeds from the offering will go towards content and technology investments as…
Startup Battlefield Africa is right around the corner. This year it’s in Lagos, Nigeria on December 11. As usual, we have a stellar lineup of panels that will include investors and founders discussing issues such as blockchain, raising venture capital on the continent and beyond and much more. And of course companies will compete in…
Fintech startup Revolut has been teasing Asian market expansions for more than a year, but it sounds like it might finally happen. The company has secured licenses to operate in Singapore and Japan. It now expects to launch its service in Q1 2019. In Singapore, the company was granted a Remittance License by the Monetary…
Amazon has introduced a cheaper tier for its Glacier long-term data archiving service, which is useful for businesses, developers, and folks like you and me. The new Glacier Deep Archive will let you store 1TB of data in the cloud for as little as $1 per month. That’s a lot less than Amazon S3 Glacier’s…
Multinational computer technology company Dell disclosed Wednesday that its online electronics marketplace experienced a “cybersecurity incident” earlier this month when an unknown group of hackers infiltrated its internal network. On November 9, Dell detected and disrupted unauthorized activity on its network attempting to steal customer information, including their names, email addresses and hashed passwords. According…
New Zealand’s intelligence agency has rejected a request from telecommunications services provider Spark to use 5G equipment from Chinese technology company Huawei, due to national security concerns. The director-general of the Government Communications Security Bureau (GCSB) informed Spark that he considers the proposal to use Huawei 5G equipment in the company’s planned 5G Radio Access…
In the wake of a report from the WSJ last week that detailed how low demand for Apple’s latest iPhones was prompting the company to cut orders for the devices, particularly the iPhone XR, an Apple VP is detailing that the XR is the company’s best-selling model available right now. The disclosure comes from Apple…
Qualcomm Ventures, the corporate venture capital arm of the chipmaker, has plans to invest up to $100 million in artificial intelligence. Specifically, Qualcomm says it will provide capital to startups building on-device AI, which is AI that runs on the end device, like a smartphone or vehicle, rather than in the cloud. The fund’s leader,…
I’ll admit that I’ve warmed up pretty quickly to the Osmo Pocket. The original post from earlier today is pretty skeptical, owing in no small part to the price point. And while I stand by the earlier assessment that $349 is prohibitively expensive for the consumer market the company appears to be going after, I’ve…
