Apps
Report: Google is building a Nest Hub smart display with a radar chip
Google LLC is said to be working on a new Google Nest Hub smart home device that will use a built-in radar chip to power some of its features. The Nest Hub (pictured) is…
Emerging Tech
US venture capital hits record high of $130B in 2020 despite the COVID-19 pandemic
By Duncan Riley
Venture capital funding hit a record high of nearly $130 billion in 2020, up 14% over 2019 despite the COVID-19 pandemic, according to data released early Friday in PWC/CB Insights’ latest MoneyTree Headline Report. Funding and…
Emerging Tech
Report: Apple Car may take five to seven years to deliver
By Duncan Riley
Apple Inc.’s self-driving car program, which according to a report Dec. 21 is aiming to produce an electric car by 2024, may actually take five to seven years to deliver, according to a report today…
Infra
Samsung says its fourth-quarter profits will rise 26%
Samsung Electronics Co. Ltd. said early Friday morning in South Korea that its fourth-quarter operating profit is expected to rise by about 26%, fueled by what analysts say was a surge in sales of…
Infra
Micron easily beats first-quarter earnings expectations
Computer chipmaker Micron Technology Inc. posted strong fiscal first-quarter results today, showing revenue and profit that came in well ahead of expectations. The company reported a profit before certain costs such as stock compensation of…
Cloud
F5 Networks to acquire edge-as-a-service startup Volterra for $500M
By Duncan Riley
Network traffic management company F5 Networks Inc. today announced it will acquire “edge-as-a-service” startup Volterra Inc. in a $500 million deal consisting of $440 million in cash and $60 million in future consideration. Founded in 2017…
Cloud
Red Hat buys Kubernetes security startup StackRox
Red Hat Inc. announced its first acquisition of the year today, saying it intends to acquire container and Kubernetes threat detection company StackRox Inc. Red Hat said it wants to integrate StackRox’s security tools…
Apps
Fintech giant SoFi to go public via SPAC merger at $8.65B valuation
SoFi, the operator of one of the most popular consuming banking apps, today announced plans to hit the stock market via a SPAC merger at an $8.65 billion valuation. A SPAC merger is a…
Big Data
Quantum Metric reels in $200M for its user experience analytics platform
Quantum Metric Inc., a startup providing big brands with data on how they can improve their websites and mobile apps, today said that it has landed a $200 million funding round at a more…
Blockchain
Thai Re launches reinsurance platform powered by IBM blockchain and smart contracts
By Kyt Dotson
IBM Corp. announced Wednesday that Thai Reinsurance Public Co. Ltd., a technology-driven professional nonlife reinsurer, has launched “Insurer Network,” a reinsurance smart contract production network using IBM’s blockchain technology on its cloud. The global…