In a major setback, Silicon Valley’s largest startup accelerator reshuffles assignments for top executives. After five years of joining, Gmail and FriendFeed dreamer Paul Buchheit replaces Sam Altman as managing partner of startup accelerator’s core program. Sam Altman is reportedly assigned to advise his successor managing partners while overseeing the entire program.
Industry
Volkswagen proposed for a new catalytic converter for its car cheating scandal
Volkswagen has come up with a new solution to solve the car emission problem and is planning to install a catalytic converter to the car involved. The catalytic converter will also include installation of a urea tank to help break down the Nitrogen Oxide.
'Summon' Enables Tesla S to Get Parked Autonomously Even In Squeezed Places
Tesla S has got a new update of beta version software 7.1 named 'Summon', featuring to work with a distance of 39 feet without having a driver inside. In line with the existing Federal law, the autopilot is only allowed in private lands. However, the only reported shortcoming regarding inability to park autonomously is believed to eradicate with further developments in the near future.
BMW Steps In Augmented Reality (AR) World Through Intelligent Helmet
The recently concluded CSE 2016 has witnessed demo of a smart motor cycle helmet by BMW Motorrad that is capable of displaying certain information. The helmet will run with two replaceable batteries with a life time of five hours in operation. It is expected to hit the market within a few years and thus BMW approaches to the world of augmented reality.
HSBC and JPMorgan Well Ahead In ARAMCO IPO Race
State-owned Saudi Arabian Oil Co. (ARAMCO) is possibly going for an IPO aiming to raise funds for $1 trillion to $10 trillion. Some shares of the IPO may be awarded among the local banks and investors following ARAMCO’s action plan. However, experience in banking operations in the kingdom is believed to play the key role for selection which put HSBC and JPMorgan well ahead in the IPO grabbing race.
Latest News
Pfizer today confirmed that the company has increased the price of some of its drugs although it was not revealed how many drugs are involved with the price hike. According to a data by Wolters Kluwer which revealed that more than 100 types of drugs has been increased in its price starting on January 1st.
The Philippine peso is the least loser among emerging-market in Asia this week, thanks to the remittance from its overseas workers and outsourcing industry, which shielded it from the Chinese economic slowdown and increase in US interest rates.
McDonald’s launched a new makeover for its packaging using bold, bright colors on cups, boxes, and bags that will become more appealing to customers.
An Etsy shop makes it possible to put one’s face on his or her Lego mini figure. For $30, a new technology lets Lego fans, who have long dreamed of seeing their own faces on Lego mini figures, get their 3D faces printed and pasted on Lego refrigerator magnets or cake toppers, or more.
The United Airlines was fined $2.75 million by the U.S. Transportation Department for violating the tarmac-delay rule and mistreating passengers with disability.
Lily Robotics’ self-flying camera drone sale has earned $34 million in pre-orders, announced its CEO at the CES 2016.
Aston Martin partnered with China’s LeTV to come up with the Autolink Rapide S, which was showcased at the Consumer Electronics Show (CES) 2016.
Oculus VR founder Palmer Luckery said he is sorry for misleading consumers into believing that the Oculus Rift only costs $350, when it is really priced at almost $600.
Delhi residents have been witnessing chilling cold, drizzling and heavy fog. The Fog is so dense that visibility range has been reported to remain around 75 meters during 10 am to 4 pm. Despite adopting highest ILS, CAT IIIB, air movement has been kept stalled for around 6 hours. According to IGIA met office partly thundery weather may prevail on Sunday next.
