A group of technology executives in Canada and U.S. launched a Toronto-based $100 million venture fund. The group is focusing to fund enterprise software to establish its investment portfolio.
United States
Powerball’s $1.5 Billion winner could be in Chino Hills, California, says Lottery Association
California Lottery Association announced Wednesday that the winning ticket for the $1.5 billion Powerball lottery is in Chino Hills in San Bernardino County.
Uber Offers Job of Drivers to Nonviolent Criminal Offenders in California
Uber has changed its driver recruitment policy and advised the previously rejected applicant seeking for drivers’ job to take the benefit of proposition 47. This law allows nonviolent criminal offenders to downgrade their offence level to misdemeanor through submitting applications. Uber’s effort is believed to benefit the released inmates who aim to rebuild their lives.
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.
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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.
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.
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.
