Ridesharing startup Uber, Inc. has raised a staggering new private equity round of $3.5 billion from Saudi Arabia’s Public Investment Fund. According to The New York Times the new round was raised at a valuation of $62.5 billion. As part of the deal, Public Investment Fund Managing Director Yasir Al Rumayyan will take a seat ...

In what could be a defining moment in the nascent augment reality and virtual reality spaces, Microsoft Corp. has opened up its Windows Holographic platform, the platform that drives its Hololens augmented reality glasses, to third parties. The announcement was made at the Computex in Taipei by Terry Myerson, Microsoft’s Executive Vice President, Windows and ...

The social justice warriors and “other kin” who use the Yahoo, Inc.-owned blogging site Tumblr have been pwned with a hacker releasing stolen records, including usernames and passwords, on the dark web. News of a potential hack of Tumblr first emerged in mid May when Yahoo confirmed the site had been hacked, but the hack itself ...

Would you like to play Asteroids on your smart, internet-connected bedside lamp? That may not be happening anytime soon, but you may well see the Atari brand on a range of products in the coming years with the legendary console maker announcing that it was returning to the hardware business through a new partnership. Atari ...

The rising popularity of ad blocking is not limited to traditional computers with a new study finding that increasingly large numbers of people are now using the technology on their smartphones. According to a report from PageFair Ltd. at least 419 million people now use ad blockers on their smartphones, accounting for some 22 percent ...

Microsoft Corp. wants a slice of the early stage cloud startup pie and announced Monday a new venture arm that will do exactly that. Called Microsoft Ventures, the formalized initiative will be focused on early stage startups that are developing products and services that complement Azure infrastructure, building new business Software-as-a-Service (SaaS) applications, promoting more personal ...

A  University professor testified Friday at a money laundering trial in Miami, Florida, that Bitcoin could not be considered money under Florida law and was more akin to poker chips. Barry University associate economics professor Charles Evans made the claim during the trial of Michell Espinoza, who according to The Miami Herald is accused of illegally selling ...

A man arrested following the raid of the notorious cybercrime forum Darkode has been sentenced to one year and one day in jail for his activities on the site. Rory Stephen Guidry, 29, of Opelousas, Louisiana, was sentenced on one count of obtaining information by computer from a protected computer after pleading guilty as part ...

Social media has become the primary source for news for the majority of adult Americans, a new study from the Pew Research Center has found. The survey of 4,654 people across nine different social networking sites found that 62 percent got their news from social networking sites, but the split varied depending on which site ...

Up to a dozen banks may have been targeted using malware to steal funds using the The Society for Worldwide Interbank Financial Telecommunication (Swift) platform, as one report claims that North Korea may be behind the attacks. Security firm FireEye, Inc. is said to have been contacted by numerous other banks, including some in New ...