TweakTown NewsRefine News by Category:
Magic Leap has reportedly secured another $827 million in Series C funding, according to sources of Forbes. If the report is true, it means Magic Leap has raised over $1.4 billion in total. What is Magic Leap? Its a new form of augmented reality that blends real life with holograms. Take a look below.
The augmented reality start-up kicked off its funding rounds in February 2014, where it raised over $50 million to work on its "Cinematic Reality" platform. Later in the year, it raised $542 million in Series B financing. The company hasn't announced its Series C funding, but Forbes said it had filings that it secured through private market data tracker VC Experts.
As for the dynamics of Magic Leap, MIT Review's Rachel Metz discusses how the new tech will work. "Essentially, [Magic Leap] has developed an itty-bitty projector that shines light into your eyes-light that blends in extremely well with the light you're receiving from the real-world," Metz said after trying a live demo test of Magic Leap tech.
Bethesda has announced that its opened the doors to a new studio in Quebec, with its new Montreal development studio led by studio director Yves Lachance.
The company expanded its studio reach into Montreal "to expand its development capabilities in console, PC, and mobile gaming". Bethesda's Game Director and Executive Producer Todd Howard explains: "We've worked with some very talented developers in Montreal for a long time, and decided it was time to open a studio there. It's exciting to think about the new games we'll be building together".
For the last 10 years, Lachance has worked with Behaviour Interactive, a Montreal-based studio that specializes as a work-for-hire studio, assisting larger publishers. During his time with the studio, Lachance oversaw work on projects like Bethesda's Wolfenstein: The New Order and Fallout Shelter. Lachance said: "Our collaboration with Bethesda Game Studios has been an exhilarating and memorable journey already. We are thrilled to be launching the studio in Montreal and contributing our city's great game-making talent to the kind of games that Bethesda Game Studios is known for".
eSports giant Azubu has just secured another $60 million in a new round of funding, with their viewership increasing by 1200% in the last 12 months alone.
The new funding was led by London-based Sapinda Group, with a contribution also coming in from Sallfort Privatbank of Switzerland. Azubu will use the money to expand into new global territories, as well as grow its next-gen platform, Azubu 3.0. Azubu CEO Ian Sharpe said: "We believe that the global eSports community deserves a broadcast and viewing platform that's designed specifically for their businesses. We are developing our technology in direct collaboration with the community and brand partners in order to provide the best possible, and crucially, most monetizable streaming experience".
Jason Katz, COO of Azubu said: "We are expanding operations in a number of new regions around the world and creating bigger and more content partnerships and corporate relationships, which we're looking forward to announcing in the near future. This latest round of financing will support our global growth and expansion into 2016 and beyond".
Azubu has credited its exclusive partnerships for its huge 1200% growth in viewership over the last 12 months, with partners like KeSPA and the 2015 World Champion SKT T1 team with its star Lee "Faker" Sang-hyeok in Korea, paiN Gaming and AD Felipe "brTT" Gonçalves in Brazil, and Berlin-based European team Origen, and its founder Enrique "xPeke" Cedeño-Martinez
Due to an accounting violation, the Japanese securities watchdog has requested that Toshiba be sent a massive $60 million (7.37 billion yen) fine, being described by iTnews as; in a bid "to rebuild a corporate image shattered by a series of high-profile wrongdoing".
Surrounding this news, 50 shareholders have also taken pitchforks to this giant company, requesting around $2.4 million in damages due to stock losses. With Toshiba's stock falling approximately 40 percent since the breaking announcement of this saga in April 2015, this accounting shambles is sending the company towards ruin in its current state.
The watchdog seems to be setting out to show Toshiba as an example towards other companies, strengthening its investigations due to Toshiba being such a large Japanese brand name and global company, aiming to make an example out of these illegal blunders.
Bitcoin is an online currency that saw an enormous rise in recent times, with the growth of this currency seeing some people buy houses for previous investments of $25 and the invention of 'Dogecoin' alongside it. While no one is sure exactly where the 'inventor' of this currency is from, Wired believes that an Australian was at the heart of this online phenomena.
Stated to be a 44-year old Aussie by the name of Craig Steven Wright, this man is said to go by the online alias of Satoshi Nakamoto. Not only is Wright theorized to be the creator of this crypto-currency, but he also owned 1.1 million bitcoin which is worth just over $396 million today.
In the referenced article, our news source stated; "In the last weeks, WIRED has obtained the strongest evidence yet of Satoshi Nakamoto's true identity. The signs point to Craig Steven Wright, a man who never even made it onto any Nakamoto hunters' public list of candidates, yet fits the cryptocurrency creator's profile in nearly every detail. And despite a massive trove of evidence, we still can't say with absolute certainty that the mystery is solved. But two possibilities outweigh all others: Either Wright invented bitcoin, or he's a brilliant hoaxer who very badly wants us to believe he did."
Ridesharing giant Uber has just announced two new ridesharing services that will kick off in the metro areas of US cities Chicago and Seattle.
The first is 'UberHOP' which is similar to conventional bus transportation, which will debut on Thursday, December 10. UberHOP will match groups of passengers with an Uber driver who is heading in the same direction, but unlike Uber's traditional door-to-door services, it requires riders and the driver to meet at a predetermined location and time - just like a bus stop - and they require all passengers to be dropped off at a single location, and walk the rest of the way.
The second pilot program (which is available in Chicago only) is 'UberCOMMUTE'. UberCOMMUTE lets drivers who are commuting into the city center to share their trip with another passenger, and secure a portion of the driving expense. UberCOMMUTE is an extension of the UberPOOL program, two or more commuters can share their ride, and defer the cost between themselves. This service will be available Monday through Friday, from 6AM to 10PM.
It's not just Google going fully green. During the UN Climate Chance Conference, Philips pledged to become carbon neutral by 2020, telling others at the summit in Paris that it wants to "play its part in reducing greenhouse gas emissions by cutting its carbon footprint to zero."
As announced in a recent press release, Philips outlined that it has already taken action towards this goal, offering business incentives to clients who operate on renewable power as part of the RE100 program.
Eric Rondolat, CEO, added "We've reached the climate change checkout and all the contributions from around the world have proved insufficient to prevent a potentially catastrophic rise in global temperatures. The world must set more ambitious goals to improve energy efficiency," further paying homage to LED lighting as a major player towards great energy efficiency.
A recent ShopTalk survey by Vantiv unveiled information about spending habits and amounts during holiday periods of 500 users. The results displayed in a recent press release showed that these people will be spending around $600 on holiday gifts in 2015, with 17% of users wanting to spend less than they did in 2014.
In addition to these findings, Vantiv further reported that 40% of all gift transactions would process through the help of PayPal. Ray Moorman, director of product strategy at Vantiv, says that brick and mortar shoppers should be patient this holiday season; "Many shoppers will be using the new chip cards and EMV readers for the first time this season, and we know there will be some confusion and delays as people get used to the new terminals."
Further findings show that 'Millennials' are spending the most money towards televisions and electronics, with the later category posting a higher percentage of funds compared to both Gen-X and baby boomers combined.
We all know there are some Kickstarter projects that get funded, but just don't take off for whatever reason. Well, the crowdfunding giant has posted an independent study that says that 9% of Kickstarter projects don't deliver their rewards.
The findings state that 8% of money gets pumped into these projects, with the rates consistent among categories, with tech projects just as likely to fall apart as other categories. The report also added that 13% of failed projects deliver refunds, with backers adding that 10-20% of creators hand out refunds without complaints.
Google says it's doubling its use of the renewable energy that powers its data centers, offices, and other facilities, and plans to use renewable energy only by 2025.
Some of the clean energy will come from US sources -- North Carolina solar arrays and Oklahoma wind farms -- while some will be sourced from a wind farm in Sweden and a solar plant in Chile.