Chipmaker Intel has acquired the gesture recognition startup Omek Interactive for close to $50 million. The Israeli startup develops software and related technology for creating gesture recognition interfaces based on information provided by 3D cameras. Omek’s gesture recognition and body tracking software is being used in devices such as TVs, set-top boxes, game consoles, tablets, PCs, smartphones, interactive signs, and medical and fitness devices. Continue reading Intel Acquires Gesture Recognition Startup Omek Interactive

Samsung has picked up Israel- and New York-based TV startup Boxee for about $30 million. Boxee started six years ago by offering PC-based media center software and eventually launched its own hardware product, the Boxee Box. The company attempted to solve its content problem with the launch of the Boxee TV, which was rebranded in April as Boxee Cloud DVR. With the acquisition, Samsung plans to shut down Boxee’s unlimited Cloud DVR service on July 10. Continue reading Samsung Acquires Boxee, Plans to Shutter Cloud DVR Service

The Israel Conference is scheduled for May 30-31 at the Luxe Hotel on Sunset Boulevard in Los Angeles. The two-day event will feature 75 speakers discussing innovation, technology and design as part of a collection of keynotes, panel discussions and special networking events. New this year is FutureFest, in which emerging technologies and consumer products will be presented to judges, including prominent VCs and CEOs of multinational companies. Continue reading The Israel Conference Returns to Los Angeles this Month