Google wants to involve many automobile manufacturers and suppliers in developing its ambitious self-driving cars. Contrary to market rumors, Google didn't announce its plans for partnership with Ford. Google believes that its self-driving project would be beneficial to senior citizens. Google involved Roush Enterprises to assemble self-driving cars, which are being road tested.
Industry
Venture Capital Firms Face Slowdown in Tech Funding
Venture capital firms raise less capital and face a slowdown in tech funding for 2015. However, the number is still above annual average since 2006.
U.S. Venture Capital Fund Dropped 9% in 2015, But Strong Pace Continued
Venture capital fund in the U.S. dropped by 9% in 2015, but a strong fundraising pace from 2014 continued. Investor become more selective to put the capital in startup companies.
T Mobile CEO’s Apology Appears To Be Tactical Bullying
John Legere has been witnessing a social media riot centering his F bomb blasting during a question- answer session in Twitter on Monday. One of T Mobile’s ‘Binge On’ has reportedly withdrawn itself from the platform. The embattled CEO has been compelled to seek apology but tries to make it conditional. T Mobile is accused of violating net neutrality through throttling by EFF and net neutrality advocates.
Google And Facebook Emphasize on VR Projects, Reshuffle Executives
Google has assigned Cardboard famous Clay Bavor as the head of its virtual reality projects. Facebook has also assigned Instagram’s director of product as Head of Product management in its VR subsidiary, Oculus. The concurrent moves have been analyzed as their keenness for reigning over VR market.
Latest News
On Wednesday, China revealed its export in December 2015 showed a 2.3% raise from November. Data from China's General Administration of Customs shows the nation's trade surplus, and the report has lifted the market a bit.
Shanghai Disney Resort prefers using smartphones over Magic Bands for entrance, buying merchandise, and accessing rides.
Megabots’ Mk. II showcases capabilities at Zappos and Consumer Electronic Show (CES) 2016 to hopefully win the Extreme Tech Challenge (XTC) grand prize to further enhance their robot and fight Japan’s Kuratas, by Suidobashi Heavy Industry.
Hong Kong's largest telecommunications company, PCCW, launched its new Viu streaming service, which offers the latest Korean dramas.
A group of investors filed a class-action lawsuit against Chipotle for allegedly misleading them about the company’s health control.
Panasonic showed off its adjustable, transparent LCD screen at the CES 2016 that becomes invisible when turned off or not in use.
General Motors' Buick brand unveiled during the Monday Detroit Auto Show its new sporty Avista concept car, which pumps a 400 horsepower.
Ford Motor Inc. declare supplemental cash dividend of $1 billion. In 2016, the company expect to earn as much as last year.
Oil price continue to crash the lowest level. The price was closed at the lowest in 12 years to nearly $30 and is expected to continue dropping.
