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Business, Financial & Legal Posts - Page 58

Samsung Galaxy S5 fingerprint reader can be used for PayPal purchases

Samsung and PayPal have announced that they have teamed up to allow users of the Samsung Galaxy S5 announced this week to make more use of that fingerprint scanner the smartphone offers. PayPal will allow the S5 user to use the fingerprint scanner to login and shop at any merchant that takes PayPal.

 

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That includes online and in-stores that accept PayPal. The use of the fingerprint scanner means that the user won't need to memorize a password or login info for multiple websites. PayPal says that is provides a secure wallet in the sky and no personal details are stored on the device.

 

The S5 has FIDO Ready software that can communicate securely between the fingerprint sensor on the device and the PayPal service in the cloud. The only information shared between the device and PayPal is a unique encrypted key that verifies the user's identity. The fingerprint authentication service will launch on the Galaxy S5 in April and will be offered in 26 markets.

Continue reading 'Samsung Galaxy S5 fingerprint reader can be used for PayPal purchases' (full post)

WhatsApp was valued at just $1.5 billion in final round of funding

When Facebook pushed its offer of $16 billion onto the table to acquire WhatsApp, the company's founders would've had their hearts drop - in utter surprise because its last funding round had them pegged at a value of around $1.5 billion.

 

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In WhatsApp final round of funding, which took place in July last year, it secured $52 million from a valuation of around $1.5 billion. WhatsApp grew exponentially between July 2013 and just a few days ago when it was acquired by Facebook for $16 billion in stocks and cash. The sole investor in WhatsApp, Sequoia, owned around 20% of the company, which is now worth a cool $3 billion.

 

At $3 billion, Sequoia has seen an amazing 50x return in its investment in WhatsApp... something that nobody could complain about, that's for sure.

Ex-Nokia boss has taken control of Microsoft's Xbox division

Stephen Elop, the ex-Nokia CEO, has taken control of Microsoft's Devices and Studios division, which includes a bunch of Microsoft's most important lines of products. This includes Xbox, Surface and the company's game and entertainment studios.

 

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Don Mattick left the post last year for Zynga, where Julie Larson-Green took over. Larson-Green is moving on to another role, leading the "My Life & Work" time in Microsoft's Application and Services Group, where she will serve as its Chief Experience Officer. Larson Green wrote in an internal memo: "I want to thank each and every one of you for welcoming me and supporting me as the leader of Devices & Studios over the past 7 months. I'm very proud of what we have accomplished during such a short timeframe. We launched Xbox One, Surface 2 & Pro 2, blockbuster games like Forza and Ryse, a brand new Xbox Music and Video service, PPI, and some amazing unannounced innovations just to name a few...".

 

There were rumors that the ex-Nokia CEO would take over as the CEO of Microsoft, but does this position suit him more? Leave your thoughts in the comments section below.

Set-top box maker Roku considers filing for IPO sometime this year

Set-top box maker Roku is reportedly interested in exploring a possible initial public offering (IPO), despite successfully generating $60 million its latest round of funding last May. The company has spoken with several unnamed banks, according to a Bloomberg report, though nothing has been confirmed.

 

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It has been a good time for companies to go public - or seek to sell - as companies have been largely overvalued. If rumors are true, expect to hear Roku pick a lead banker and announce a tentative IPO launch date sometime later this year.

 

In addition to the appeal of additional funding, with Apple and Amazon both rumored to enter the set-top box market, Roku is going to have an even harder time competing.

Continue reading 'Set-top box maker Roku considers filing for IPO sometime this year' (full post)

WhatsApp not the only major player in messaging, Kakao readies IPO

While Facebook's $16 billion acquisition of WhatsApp was most certainly the biggest tech news of the week, another popular messaging service is making big waves in the tech community as well, although most Americans have likely never heard of it. Korean messaging service Kakao, has announced that it is negotiating with Morgan Stanley as well as Samsung Securities in hopes of filing its first Initial Public Offering.

 

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With more than 133 million users, the app is about 1/5 the size of WhatsApp in its user base, but with more than seven years under its belt, it is a vet when it comes to instant messaging and mobile gaming. Kakao is seeing to raise about $2 billion which is about 1/8th of what Facebook paid for WhatsApp, so in terms of scale, the asking price is technically a deal, but with the app being locked to the Korean market, it is still a bit of a gable. Some industry insiders are suggesting that Kakao could be seeing the capital in an effort to expand its world wide presence, but nothing official has been announced yet.

VW Golf GTE plug-in hybrid rocks 201 hp and 258 lb-ft of torque

Typically, when you think about a plug-in hybrid car performance isn't something that comes to mind. The majority of hybrids on the market today are aimed at being green and sipping fuel with no thought of performance at all. Think Toyota Prius or Ford Fusion Hybrid. Volkswagen has unveiled a new plug-in hybrid that offers fuel efficiency and impressive performance.

 

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The Golf GTE isn't going to compete with a sports car, but it is certainly more exciting than a Prius. The GTE is a plug-in hybrid with a battery pack that can recharge from a wall outlet in only 3.5 hours. The car has a 1.4L 148 hp turbo direct-injected engine.

 

The car also has an electric motor producing 101hp. Combined the car has 201 hp and 258 lb-ft of torque. That equates to a top speed of 135 mph and a 0-62 mph time of 7.6 seconds. The car can also drive for 31 miles on electricity only and reach a top electric speed of 81 mph.

Continue reading 'VW Golf GTE plug-in hybrid rocks 201 hp and 258 lb-ft of torque' (full post)

Google smacked with patent infringement suit over Google Earth

A company called ART+COM Innovationpool GmbH (ACI) has announced this week that it has filed a patent infringement suit against Google. The suit has to do with Google allegedly infringing on a patent that ACI holds. The patent in question is # RE44,550. The title of that patent is "Method and Device for Pictorial Representation of Space-related Data."

 

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ACI takes issue with how much Google Earth looks like its Terravision service. Terravision is the commercial implementation of the patent at the heart of the case. ACI says that Terravision was developed a decade before Google Earth.

 

Looking at the image here, it is clear that the Terravision service and Google Earth are very similar in how they look. ACI also says that it has issue with some of the executives at Google, particularly Michael Jones, CTO of Google Earth, and Brian McClendon, VP of engineering for Google Maps.

Continue reading 'Google smacked with patent infringement suit over Google Earth' (full post)

China Mobile adds 14 million subscribers in January, thanks to iPhone

China Mobile added a huge number of new high-speed data subscribers in January, with over 14 million new customers joining the world's largest wireless carrier. This is mostly thanks to the iPhone, which China Mobile started selling on January 17.

 

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The 14 million new high-speed data subscribers represents a 7.4% growth for the first month of 2014, with the competition - China Unicorn, seeing an additional 3.2% customers for the month. China Mobile was unable to offer the iPhone until late-2013, but it was locked to 3G on the network's TD-SCDMA technology. Now that it has unleashed its TD-LTE 4G network, things are looking up for the world's largest wireless carrier.

Philips intelligent LED lights help shoppers find deals

The LED light bulb is slowly starting to replace the normal incandescent all around the world thanks to its longer life and green design. Philips is one of many companies that already offer LED light bulbs that can be controlled via a smartphone app. Philips first announced its iOS controlled LED lights in 2012.

 

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The company has been tweaking those lights and has announced a new lighting system for retail stores that will not only light the way for shoppers; it will also help them find what they are looking for. The lighting system is intelligent and works with an app running on the user's smartphone.

 

The smartphone app knows where the user is in the store at all times thanks to connectivity from the lights in the ceiling. The app can help the user find exactly what they are looking for in the store isles without having to hunt someone who works there. That is a big benefit to the shopper and the lighting system helps the store too by offering the shopper timely discounts and coupons as they shop.

Continue reading 'Philips intelligent LED lights help shoppers find deals' (full post)

Tesla and Apple did meet says Elon Musk

A couple days ago, we mentioned that rumors were circulating that Tesla and Apple had met up. The rumors were thought to indicate Apple wanted to buy the electric car marker. Another possibility was that Apple and Tesla were meeting about a battery factory. Both firms want to drive down the cost of lithium batteries.

 

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Apple isn't the sort of company that will ever comment on rumors, other than to say that it won't comment on rumors. Tesla CEO Elon Musk on the other hand has never been afraid to tell people what he thinks or what is going on. Musk recently confirmed that Tesla had in fact talked with Apple.

 

Musk wouldn't say what exactly the meeting was about. He noted that he though Apple buying a car company was a good idea, but also said that the chances of Tesla selling were "very unlikely." Musk also noted that he would be willing to talk about selling if that meant his goal of making an affordable mass market EV would be closer to reality.

Continue reading 'Tesla and Apple did meet says Elon Musk' (full post)

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