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.
United States
GoPro Cuts Workforce Following Poor Sales Revenue Outlook in Fourth Quarter
GoPro Inc., Sun Mateo, California based company is going to cut 7% people out of its 1500 employees following poor sales revenue in Q4. Some technical issues have been blamed for sluggish sales during the fourth quarter from the action camera maker’s behalf. But the company axes over the employees to restructure expenses. However, analysts presume, the fall in sales revenue may not be up to that magnitude.
UN reported that international migration surge by 41 percent since 2000
The United Nation released a report on Tuesday revealing that the migration rate has surge by 41 percent in 15 years. The report also shows that the United States is leading the ranking with the most migrants living in the country.
Obama’s Final ‘Meet The YouTube’ Airs on Friday
Unlike six other times, Barack Obama will face an interview for the last time as an incumbent President in YouTube on Friday. This time he will answer the selected questions of a trio, who combined remains ahead of the President himself by a huge margin in terms of subscriptions. During his entire 10 years in the office, he has used technology to publicize behind- the- scene photographs as token of his goodwill gesture.
US pilots forgot how to fly manually
The Department of Transportation has come out with a latest report on the US aviation sector. The department expressed its concerns that pilots don't have much expertise in handling aircraft manually. US pilots fly aircraft on automated system for over 90 percent flying. This makes pilots unable to control the aircraft in unforeseen situations.
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Gartner, a technology research firm has represented Apple through a study report as the lone PC vendor to post positive sales growth during 2015. The tech giant currently enjoys a market chunk of 7.5%. Apple’s performance appears to be shining since the worldwide PC market is passing through a negative sales trend for the fourth straight year.
Socialist democratic China historically backs socialist North Korea in latter’s economic and political missions. North Korea has announced successful testing of hydrogen bomb on Wednesday last. Long time friend China this time joins the US fearing regional destabilization through the neighbor’s dreadful nuke tests.
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.
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.
A group of investors filed a class-action lawsuit against Chipotle for allegedly misleading them about the company’s health control.
Snapchat Inc. reported that its video views hit 7 billion per day on Monday. The mobile based social media company with just 100 million active users are expected to rival Facebook's daily video views anytime soon.
Lithium-ion battery has a problem when it overheats. Researcher in Stanford University have invented a lithium-ion battery that shuts down when it starts to overheat.
Amazon.com expand its business to delivery service. The company will fully acquire French delivery company, Colis Privé. This acquisition will put Amazon head-to-head with FedEx, DHL and UPS.
The US Labor Department has released a report outlining the growth of the US economy with a low unemployment rate and job growth. This growth puts pressure on the US because of the current instability in the rest of the world's economies.
