Users in social media criticized billionaire venture capitalist Thomas Perkins for an open letter he sent to and was published in The Wall Street Journal comparing rich Americans to the Jews who suffered in the Holocaust, The Independent reported.
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Startup producing test-tube leather to open facility in New York
Missouri, US-based biotech startup Modern Meadow is the process of opening a facility in New York to promote lab-grown leather and in-vitro meat to fashion firms and restaurants in the area.
Google to acquire Artificial Intelligence firm DeepMind
Search giant Google will be purchasing London-based artificial intelligence startup DeepMind founded by Demis Hassabis, Jaan Tallin and Shane Legg, according to news website Re/code.
Android still most popular mobile platform but Samsung is under pressure as competition heats up
Data showed that Android holds the top spot as the most popular mobile platform in the world but Samsung is clearly under pressure as local players step up their game, TechCrunch reported.
Secret Service looking into possible data breach at Texas' Michael Stores
The US Secret Service confirmed that it is investigating a potential data security attack at Texas-based arts and crafts retail chain Michaels Stores, which alerted its customers to check credit account statements for fraudulent charges.
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Online legal startups like LegalForce, RocketLawyer and others intend to bring law closer to the people and make it less expensive in the process, the San Jose Mercury News reported.
Apple Inc is already working towards the expansion of its mobile payments service to leverage on its rising number of iPhone and iPad users and iTunes customers, sources told The Wall Street Journal.
The laptops that were stolen from Coca-Cola's headquarters in Atlanta held personal information like names and Social Security numbers of up to 74,000 people, a report from The Wall Street Journal said.
A Marshall, Texas federal jury awarded $1 to Google for winning a case against patent-licensing company Beneficial Innovations Inc for suing its customers, Bloomberg reported.
India's private equity industry is growing and fund managers are getting seasoned industry veterans to help manage their portfolios and add more value to their investments, The Financial Express reported.
Kotak Private Equity is purchasing a 19% stake in offshore logistics support services firm Samson Maritime from IFC and JM Financial for Rs 150 crore, sources told The Economic Times.
A Japanese restaurant in Bloomfield, Pittsburgh is already accepting the digital currency Bitcoin to pay for Omakase or "chef's tasting menu," a report on Pittsburgh Post-Gazette said.
China will continue to attract private equity investors of emerging markets, according to Paul Fletcher of Actis and Sev Vettivetpillai of Abraaj in their talk with Peter Vanham of Financial Times blog beyondbrics.
Microsoft is not going to permit itself to be counted out of the cloud game and has taken on Amazon by reducing the prices of its cloud storage services, VentureBeat reported.
