Chan Zuckerberg Fund Invests $3 Billion in Medical Research

Facebook chief exec Mark Zuckerberg and his wife Dr. Priscilla Chan announced they plan to invest more than $3 billion over the next 10 years to develop tech focused on research to combat disease. “The first investment by the couple’s for-profit philanthropic arm, the Chan Zuckerberg Initiative LLC, will be $600 million to create a research lab of engineers and scientists based in San Francisco,” reports The Wall Street Journal. “This focus on building on tools suggests a road map for how we might go about curing, preventing and managing all diseases this century,” said Zuckerberg. Continue reading Chan Zuckerberg Fund Invests $3 Billion in Medical Research

Google May Intro New Pixel-Branded Phones, 4K Chromecast

On October 4 in San Francisco, Google will likely reveal new Pixel-branded smartphones, the Pixel and larger Pixel XL. Google manufactures the Pixel phones by itself rather than in collaboration with LG, Huawei or other partners. A teaser video for the event features a rotating group of photos shown in a phone-shaped format. In addition, Google may also use the event to debut Google 4K Chromecast, go into more details about Google Home and reveal more specific plans for its upcoming Daydream VR headset. Continue reading Google May Intro New Pixel-Branded Phones, 4K Chromecast

Apple Rolls Out its Latest iPhones, Smartwatch, Headphones

During yesterday’s Apple event in San Francisco, the company unveiled its next-gen iPhone 7 and iPhone 7 Plus. New features include the A10 Fusion SoC, IP67 water resistance, a home button upgraded with force touch tech, 25 percent brighter display panels, 12MP camera with new options, and support for wide color gamut displays and photography. In addition, Apple introduced the Apple Watch Series 2 featuring second-gen S2 SiP (System in Package) — also now water resistant and GPS-equipped — and Bluetooth AirPods and other new wireless headphones to make up for the loss of the iPhone’s headphone jack. Continue reading Apple Rolls Out its Latest iPhones, Smartwatch, Headphones

Appeals Court Sides with States vs. City Broadband Networks

In recent years, some cities have created broadband networks to provide Internet in communities — especially rural ones — where commercial services aren’t willing to set up shop. Those so-called “municipal broadband networks” just got slapped down by the U.S. Court of Appeals for the Sixth Circuit, which upheld laws in North Carolina and Tennessee halting their growth. For now, the ruling only impacts networks in those two states, but other cities that have created municipal networks have taken note. Continue reading Appeals Court Sides with States vs. City Broadband Networks

Apple to Debut New iPhones, Apple Watch and iOS 10 Update

On September 7, Apple will unveil upgraded iPhones, an Apple Watch with GPS tracking and new health features, and, for iPhones and iPads, an iOS 10 software update. The company is developing new iPad features geared for professionals, including a software-upgrade with better OS support for the stylus. Also new are the latest versions of the iMac desktop, MacBook Air laptop, a thinner MacBook Pro and, in partnership with LG Electronics, a 5K standalone monitor. The only Mac to have been updated since last year is the 12-inch MacBook. Continue reading Apple to Debut New iPhones, Apple Watch and iOS 10 Update

Pinterest Buys Instapaper, Next Step in Becoming Media Portal

Pinterest is acquiring Instapaper, the app that allows consumers to save content for later viewing. The deal provides San Francisco-based Pinterest with access to vital behavioral data and technology that could help it better target content and ramp up its capabilities to compete with Facebook as a next-generation, insular media portal. Instapaper is expected to remain a standalone app, and Pinterest will invest in its further development. The majority of Instapaper’s team, including CEO Brian Donohue and community manager Rodion Gusev, will relocate from New York to California. Continue reading Pinterest Buys Instapaper, Next Step in Becoming Media Portal

Google Pairs Webpass with its Wireless Tech for Fiber Rollout

Google plans to use the approach of acquired Webpass to more cost-efficiently develop and rollout its Fiber fast Internet business. The San Francisco-based Webpass, founded by Charles Barr, is known for using wireless technology to build fast broadband service in cities in a speedier and most cost effective manner. Verizon, Comcast and AT&T, meanwhile, have spent billions of dollars digging up streets to lay fiber cable. Google will pair Webpass’ approach with wireless technology it is currently developing. Continue reading Google Pairs Webpass with its Wireless Tech for Fiber Rollout

Twitter Struggles with Worst Quarterly Revenue Growth Ever

Twitter announced lackluster Q2 earnings, with $602 million in revenue for a net loss of $107 million. While the company improved over Q2 2015, when it lost $136.6 million, and monthly active users increased from 310 million to 313 million, its numbers fell short of Wall Street expectations and the company’s stock dropped more than 10 percent in after-hours trading. Despite new deals for live-streaming sports in the near future, the platform is not keeping up with the growth of social rivals such as Facebook, WhatsApp, Messenger, Snapchat and LinkedIn. Continue reading Twitter Struggles with Worst Quarterly Revenue Growth Ever

Second Life Creators to Launch Virtual Reality Project Sansar

For 13 years, San Francisco-based Linden Lab has been presiding over Second Life. Now, the company is about to create a virtual reality network, dubbed Project Sansar, to provide an environment for individuals and businesses to experiment in VR. Sansar has been constructed to be incredibly scalable and immense, which could be either exciting or daunting to potential users. Linden Lab hopes it’s the former, and that people will use Sansar to build innovative VR worlds for problem-solving and social interaction. Continue reading Second Life Creators to Launch Virtual Reality Project Sansar

Vevo Puts Emphasis on Social with Rebranding and New App

Vevo, launched by Sony Music Entertainment and Universal Music Group in 2009 to sell digital advertising, is going through a rebranding. About 400 million people watch the company’s relatively small catalog of 200,000 music videos, but they primarily watch them on YouTube. Vevo wants to change that. Although it already had an app, it’s rolling out a brand new one that Vevo hopes will not only capture viewers but keep them there with conversations and social media. The company also plans to roll out an ad-free subscription tier. Continue reading Vevo Puts Emphasis on Social with Rebranding and New App

Silicon Valley Still Dominates Tech Startup Culture and Power

In the Industrial Revolution, ideas were more portable than machines, helping to spread change globally. Not so with today’s high-tech startups. Although U.S. cities as far-flung as Denver, Austin, Chattanooga and Washington, DC boast startup centers, Silicon Valley is far and away the biggest for new technology companies, offering experienced talent and more capital. Even as other cities evolve, Silicon Valley grows faster, leaving startups elsewhere at a competitive disadvantage. Continue reading Silicon Valley Still Dominates Tech Startup Culture and Power

Pinterest Develops Image-Discovery App for Mobile Shopping

San Francisco-based Pinterest plans to unveil an image-discovery app aimed at jumpstarting a new kind of consumer shopping. The user points his smartphone camera at anything, taps dots over the object for recommendations of similar items, and the app searches 75 billion images for a visual match. Currently, Pinterest, valued at $11 billion, makes its revenue from advertising. With the image-discovery app, Pinterest could transform the company by encouraging consumers to embrace mobile shopping. Continue reading Pinterest Develops Image-Discovery App for Mobile Shopping

Virtual Reality Venture Capital Alliance to Support VR Startups

HTC helped put together the Virtual Reality Venture Capital Alliance, a coalition of 28 venture capital firms committed to investing $10 billion in virtual reality, augmented reality and mixed reality startups. Among the companies joining the consortium are Sequoia Capital, well known for investing in tech giants Apple and Intel; Matrix Partners; and 500 Startups. Prior to this, HTC — which created the Vive VR headset — had pledged more than $100 million to the nascent VR industry. HTC has since spun off Vive into its own separate company. Continue reading Virtual Reality Venture Capital Alliance to Support VR Startups

New MoviePass CEO Hopes to Get Theater Owners on Board

Mitch Lowe, a Netflix co-founder and former Redbox president, is now chief executive at New York-based MoviePass, a company that pitches a subscription service for moviegoers. The user gets a debit card, which starts at $30 a month, to attend as many movies as she likes, in movie theaters that cover 90 percent of the country. But movie theater owners are reluctant to fully adopt the non-traditional idea. To gain acceptance, Lowe plans to launch the company’s first major marketing campaign, expand its services and raise more money. Continue reading New MoviePass CEO Hopes to Get Theater Owners on Board

Musical.ly a Dark Horse in Race for Live-Streaming Dominance

Tumblr and YouTube just introduced their live-streaming offerings, joining Twitter’s Periscope and Facebook Live in that booming space. Another less known entrant is also waiting in the wings: Shanghai-based social network Musical.ly just went live in the iTunes app store with Live.ly, its spinoff live-streaming app. What makes it interesting is that Musical.ly built a global audience of 100 million (mostly teenagers) in less than a year, and its avid fan base has latched onto Live.ly. Continue reading Musical.ly a Dark Horse in Race for Live-Streaming Dominance

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