Eric David
Latest from Eric David
IBM beats earnings estimates but shares fall on continued sales decline
IBM Corp.’s shares fell 2.4 percent in late trading Thursday despite the tech giant reporting better-than-expected fourth-quarter results and raising its forecast for the new fiscal year. The company reported a profit before certain costs of $5.01 per share, beating analyst expectations of $4.88. Revenues of $21.8 billion beat expectations of $21.64 billion but still ...
Fig raises $7.8M for its profit-sharing crowdfunding game platform
Fig today announced that it has just closed a $7.8 million funding round for its video game crowdfunding platform that allows backers to share in the profits of successful projects. The funding round was led by Spark Capital and Greycroft, along with investments from Resolute Ventures, NextView Ventures and Draft Ventures. It has been a little over ...
HTC Vive creates $10M fund for VR that promotes social good
HTC Corp. has launched a $10 million fund to encourage developers to build virtual reality experiences that promote social good and sustainability. HTC, which makes the HTC Vive VR headset, is launching the new VR for Impact fund to help build content and technology that supports the United Nations’ Sustainable Development Goals. These are 17 challenging goals that the U.N. ...
Google acquires Fabric, Twitter’s mobile app developer platform
Twitter Inc. announced today that it has sold its mobile app developer platform, Fabric, for an undisclosed amount to Google Inc. Revealed in 2014 amid a fair amount of fanfare, Fabric combines several developer tools under one umbrella, including Twitter’s own Twitter Kit, crash reporting software Crashlytics, messaging authentication tool Digits and others. Publisher monetization tool MoPub, which ...
Google might bring its low-cost Android One phones to the US
Google launched its Android One program in 2014 to bring cheap yet reliable Android smartphones to developing countries, but according to a new report by The Information, Google may soon introduce Android One to the U.S. as well. Android One is a reference platform aimed at helping hardware manufacturers develop inexpensive smartphones that come with many of the features people ...
Microsoft acquires Simplygon for its ‘3D For Everyone’ plan
Microsoft Corp. said today it has acquired Simplygon, a Swedish software company developed by Donya Labs AB that specializes in 3D optimization for games, animation and other applications. Microsoft, which didn’t disclose terms of the deal, said the purchase aligns with is “3D for Everyone” strategy, which will be a major part of the upcoming Windows ...
Artificial intelligence used to predict death rates of heart patients
Companies are already using artificial intelligence to play board games and recommend content, and now researchers want to use AI for something a bit more personal: predicting how long heart patients have to live. In a paper recently published in the journal Radiology, researchers at the MRC London Institute of Medical Sciences used machine learning to predict ...
Mark Zuckerberg reveals Facebook paid $3B for Oculus, denies technology theft charges
Facebook Inc. Chief Executive Mark Zuckerberg revealed in a Dallas courtroom today that Facebook paid an astonishing $3 billion to purchase Oculus VR Inc., roughly $1 billion more than the original reported price tag. According to Zuckerberg’s testimony, in addition to the $2 billion Facebook paid to acquire Oculus, the social media giant also paid $700 ...
Measure raises $15M to grow its drone service for the enterprise
Washington, D.C.-based drone startup Measure, which bills itself as a drone service for the enterprise, today announced that it has raised $15 million in Series B funding to expand its platform. Rather than designing and building drones, Measure provides what it calls a drone-as-a-service platform, allowing companies without their own drone programs to take advantage of the ...
Facebook CEO Mark Zuckerberg to testify Tuesday in $2B lawsuit against Oculus VR
Facebook Inc. Chief Executive Mark Zuckerberg will testify in a Dallas courtroom Tuesday for a lawsuit that could determine whether or not the technology behind the Oculus Rift virtual reality headset had been stolen. Facebook purchased Oculus VR Inc. in 2014 for an impressive $2 billion, but that same year, game publishing giant ZeniMax Media Inc. filed ...
