tech and geek stuff
Germany's Lilium Calls Test of Its 'Flying Taxi' Prototype Successful
A Bavarian startup is developing a five-seat "flying taxi" after successful test flights over Germany of a smaller version of the electric jet, the company said Thursday. Munich-based Lilium, backed by...
3 ways to trade Qualcomm earnings
The "Fast Money" traders discussed Qualcomm after the semiconductor and telecommunications equipmentcompany reported earnings on Wednesday amid its battle over royaltieswith Apple and a multi-million...
Imagination shares plunge on Apple decision
Apple is Imagination's largest customer, accounting for around half its revenue, and one of its biggest shareholders.The firm, headquartered in Hertfordshire, supplies microchip technology for Apple products...
No Better Time to Be an Entrepreneur, Says Key Investor
Under the Trump administration, there will likely be challenges for the U.S. tech industry when it comes to attracting foreign talent. But it's never been a better time to start a company, said Dave McClure,...
SSD shortage could affect the size of your next notebook’s drive
Prices of SSDs are going to rise this coming quarter as demand outstrips supply, according to a new report which cites a shortage in NAND flash chips – and this will have a knock-on effect on laptops.The...
Embattled Uber hires high-powered recruiting firm to find a second in command
Uber is looking for a Chief Operating Officer to work alongside embattled CEO Travis Kalanick and the ridesharing startup has called in the big guns — well-known Silicon Valley recruiting powerhouse,...
The Snap IPO means a huge payday for two VC firms
Shares in Snapchat parent Snap — which debuted on the New York Stock Exchange Thursday — delivered a huge payday to the company's two biggest outside investors. Snap set its IPO price at $17, then immediately...
Snapchat to float but 'may never be profitable'
Tech firm Snap aims to raise up to $3bn (£2.4bn) in an initial public offering (IPO) but admits "it may never achieve or maintain profitability".It is expected to be one of the largest IPOs since China's...
Tech firm creates Trump monitor for stock markets
LONDON (Reuters) - Just in time for his inauguration, London-based fintech firm Trading.co.uk is launching an app that will generate trading alerts for shares based on comments made on social media by...
Nokia will reveal its ‘next exciting chapter’ at MWC 2017
Stop the presses! Light the beacons! Alert the elders! Nokia will return to MWC 2017 for its ‘next exciting chapter’ next month, and we’re hoping that means some shiny new smartphones.HMD, the firm which...
Snapchat is trying to convince investors that it won't fall into Twitter's malaise, says report
Snap is reportedly looking for a public offering worth about $25 billion, opening the highly valued social media company to regular investors. The company is notoriously secretive, and the disclosures...
U.S. makes new arrest in fraud probe of bankrupt video tech firm
NEW YORK (Reuters) - U.S. prosecutors on Monday announced the arrest of a New Jersey man accused of engaging in a multimillion-dollar fraud scheme involving bankrupt video technology firm Kit Digital,...
Facebook quarterly profits surge 166% to $2.4bn
The huge rise in earnings came as the social media firm saw a hike in revenues over the same period of 55.8%.Much of the rise came from mobile advertising, which accounted for 84% of its total ad revenue...
Insurer to analyse drivers' Facebook profiles
Under the optional scheme, Admiral said it will use an algorithm to examine social media pages to determine whether prospective customers would be careful drivers.The firm said it would consider a "snapshot"...
Samsung Galaxy Note 7 banned from all US flights
The order from the country's Transportation Department bars owners from carrying on the phones or taking them in baggage during flights. It warned that people who packed the devices in checked luggage...
Sapphire Ventures closes $1 billion fund to back startups
SAN FRANCISCO (Reuters) - Venture capital firm Sapphire Ventures has closed a $1 billion fund to invest in technology startups, becoming the latest investment firm to join a record-breaking clip of venture...
SpaceX explosion: Amos-6 satellite owner demands $50M from Musk’s firm
EnlargeSpaceX reader comments 15 Share this story SpaceX faces a potentially big payout in the aftermath of last week's launchpad explosion, after Israeli communications firm Spacecom—which lost one its...
Banker Boutros couldn’t care less that rivals badmouth him
George Boutros has heard the stories — the ones rivals tell about how he’s cajoled, bullied and dissembled his way to the top of the cut-throat business of technology mergers and acquisitions. Others...
Is Apple Working On A Tank? Bizarre New Patent
Sketches filed in a patent bearing the company's name show an articulated vehicle which runs on tracks.The vehicle is in two parts and is joined in the middle, similar to a bendy bus.The application is...
Samsung Electronics buys $450 million stake in Chinese electric car firm BYD
BEIJING (Reuters) - Samsung Electronics is to pay 3 billion yuan ($450 million) for a stake in Chinese automaker and rechargeable batteries firm BYD Co Ltd , the Chinese company said in a stock exchange...
Don't bet on Amazon.com into earnings: Deutsche
Traders shouldn't continue to bet on the surging shares of Amazon.com into the company's earnings report about a week from now, as a great quarter is already priced in, according to Deutsche Bank. They'll...
HummingBad Android Malware Brings In $300K in Monthly Profits
Over five months, a Chinese mobile advertising network has infected more than 85 million Android devices generating fake clicks and forcing more than 200 apps on victims for cash, according to security...
Bendy phones that wrap around wrists could be reality in 5 years: Lenovo
"It's hard to put an exact time frame on it. I think this is a product that could come to market in the next five years ... the next couple is a bit aggressive, in particular because the equation of technology,...
Terrorism Database Leaked Onto the Internet
A database of 2.2 million suspected terrorists and people linked to organized crime -- a list used by intelligence agencies, banks and companies around the world -- has been leaked onto the internet. The...
'Hacker’s Dream:’ Market Sells Access to Compromised Servers
An online underground marketplace that sells access to hacked servers all over the world is a “hacker’s dream,” according to a cyber security firm. Moscow-based Kaspersky Lab says the market, called xDedic,...
Business News Roundup, June 14
The feature, standard on the 2017 GMC Acadia SUV, monitors the rear doors. If either door is opened and closed within 10 minutes of the vehicle starting, or if they’re opened while it’s running, the Acadia...
VC legend Thomas Perkins, 84, dies
Tom Perkins, 73, poses in his office in San Francisco in 2006.(Photo: Eric Risberg, AP) SAN FRANCISCO — Venture capital legend Thomas J. Perkins, whose storied Silicon Valley firm helped launch Google,...
Apple explores charging stations for electric vehicles
Tesla recently goosed electric vehicle demand, unveiling its more affordable Model 3 sedan, generating hundreds of thousands of reservations from potential buyers and leading many experts to calculate...
Women in tech band together to track diversity
[...] the three — along with five other prominent Silicon Valley women from companies including Pinterest, Stripe and Slack — are starting an effort to collect and share data to help diversify the rank-and-file...
Meet VC Jeremy Fiance, UC Berkeley’s 24-year-old superconnector
Most 24-year-olds are still figuring out how their careers will take shape. Jeremy Fiance, a recent UC Berkeley graduate, knows he wants to be a venture capitalist. He isn’t waiting to rise...
UC Davis Paid Firm to Delete Search Results of Pepper Spray Incident
A California university paid a private company to remove references from the Internet of an incident in which a campus police officer pepper sprayed students, a newspaper reported. The Sacramento Bee...
HTC 10 brings bigger BoomSound, brighter Ultrapixels and chamfered edges
The HTC 10 has launched, and with it comes a host of much needed new features, design tweaks and upgrades as the Taiwanese firm attempts to corrects its course.It's a direct replacement for the HTC One...
With money to invest, General Catalyst promotes four, including Niko Bonatsos
General Catalyst Partners has promoted four people on its team. The announcements come just weeks after the 16-year-old venture firm, which has offices in Cambridge, Ma.; New York; and Palo Alto,...
India-focused streaming service Saavn expands into non-music content
India-focused streaming service Saavn has dipped its toes into non-music content after it announced a foray into long-form audio programming. The New York-headquartered firm revealed its intention to...
Massive Law Firm Hack Reveals Rich Hiding Money
Hackers allegedly stole more than 11.5 million documents from the Panamanian law firm of Mossack Fonseca, detailing the workings of offshore accounts for many politicians and the rich, and delivered the...
Tech startups choose to stay private
Over the last several decades, there were two distinctly dark periods for technology companies — the bursting of the dot-com bubble in 2000 and the 2008 financial crisis. In the first three months of...
Shadowy hacking industry may be helping FBI unlock phone
NEW YORK -- Turns out there's a shadowy global industry devoted to breaking into smartphones and extracting their information. But you've probably never heard of it unless you're a worried parent, a betrayed...
Shadowy hacking industry may be helping FBI crack an iPhone
[...] you've probably never heard of it unless you're a worried parent, a betrayed spouse — or a federal law enforcement agency. The announcement has thrown a spotlight on a group of digital forensics...
SV Angel targets a much smaller fund this time around
SV Angel, the seven-year-old, San Francisco-based seed-stage venture firm founded by renowned investor Ron Conway, is targeting $46 million in funding, shows a new SEC filing that states the first...
Atomico is raising a $750M fourth fund
Atomico, a 10-year-old, London-based venture firm that invests across sectors and stages in startups that are largely located in Europe’s fastest growing tech hubs — particularly London,...
Google’s GV leads $21M Series B in bioscience firm Cambridge Epigenetix
VC firm GV (né Google Ventures) has made another investment in Europe — its seventh — leading a $21 million Series B round for epigenetic sequencing tech company and Cambridge University...
Nike's self-lacers limited to app users
Nike has unveiled its much-anticipated range of self-lacing shoes. It said the HyperAdapt trainers would be released to the public before the end of the year. A pair of Nike-branded shoes with self-tightening...
Momo, a mobile payment firm in Vietnam, lands $28M led by Standard Chartered Bank
Vietnam is emerging as a technology market of note in Asia. Weeks after U.S. VC firm 500 Startups announced a fund for the country, Vietnam-based fintech startup Momo has landed a $28 million investment...
Super hot Korea gets a new startup fund
Korea is sizzling, and the fact isn’t lost on Altos Ventures or its backers. The early-stage venture firm, with an office on Sand Hill Road and in Seoul, has just raised an oversubscribed $110...
Ex-Sequoia partner to forfeit board seats: Source
Regardless of the outcome, the case may reignite the issue of the treatment of women in technology — particularly in venture capital, where they're significantly outnumbered by men. According to a study...
Headphones use ear canals for ID check
NEC has announced that it is developing earbuds that can confirm an owner's identity. The Japanese firm says the technology works by playing a sound and then checking how it resonates in the wearer's ear...
Intuit sells QuickBase to private equity firm
Intuit has finally found a buyer for its online application software QuickBase: private equity firm Welsh, Carson, Anderson & Stowe. The firm hopes to use QuickBase to take advantage of opportunities...
Andreessen Horowitz talking with investors about a new, $1.5 billion fund
The Sand Hill Road venture firm Andreessen Horowitz is in the thick of fundraising and talking with investors about a fresh $1.5 billion fund, according to several sources who note the fund could...
Failed Powa Technologies firesale: Ben White, Greenlight Digital divvy up and buy UK assets
One more chapter in the messy story of Powa Technologies, the payments startup that last raised money at a $2.7 billion valuation but rapidly sank into the deadpool on a flimsy raft of vaporware....
Foxconn's lookin' Sharp: $6 billion takeover deal accepted
Manufacturing giant Foxconn looks set to get a big boost to its display-making capabilities, with reports that the board of directors at Japanese electronics firm Sharp have accepted a takeover deal from...
How a venture capital firm almost got away with slave labor - CNET
The US Department of Labor just busted a venture capital firm for misclassifying 56 employees as unpaid interns. Now, the firm's got to pay them back for three years of work. © David Hitch/Illustration...
Social Capital’s Newest Partners On How The Firm Works
Ashley Carroll and Arjun Sethi never thought they’d be working as venture capitalists. Yet in the last year, both have landed at Social Capital, a 4.5-year-old, Palo Alto, Ca.-based firm that...
Yahoo moves forward in exploring a sale
Yahoo announced on Friday it has taken more steps to explore a potential sale, by setting up an independent committee to reach out and consider offers from potential buyers. The Sunnyvale tech giant also...
Hoverboard firm counter-attacks rival
The tables have turned on a US-based hoverboard maker that sued a Chinese competitor for patent infringement. Future Motion's complaint led to Changzhou First International Trade's products being seized...
VTech 'is responsible' for kids' data
The UK's data watchdog has said that VTech's new terms and conditions would not absolve it of liability in the case of future hack attacks. It emerged earlier this week that the toy company had changed...
DFJ Raises $350 Million For Its 12th Early-Stage Fund
DFJ, the 31-year-old, Sand Hill Road venture firm, is announcing a new, $350 million fund this morning — the firm’s 12th early-stage vehicle. We chatted with managing director Josh Stein...
Meet The Voting Board Of The 9th Annual Crunchies
TechCrunch is excited to announce the 100-person Crunchies Board who collectively picked the winners of the 9th Annual Crunchies award. Early last month the law firm Perkins Coie delivered ballets...
General Catalyst Raises A Whopping $845 Million For Its New Fund
After years as an established player in the Boston and East Coast technology scene, General Catalyst took its shingle and headed out west to stake a claim in the second California dot-com gold rush of...
Microsoft ‘buys UK AI firm SwiftKey'
UK-based artificial intelligence firm SwiftKey is to be acquired by Microsoft, according to reports. The Financial Times said the deal was worth $250m (£174m). SwiftKey is known for its predictive keyboard,...
Frank Quattrone hands tech bank CEO reins to George Boutros
Qatalyst executive chairman Frank Quattrone(Photo: Qatalyst) SAN FRANCISCO — Frank Quattrone is handing the reins of Qatalyst Group to George Boutros, marking a major leadership change at the top of the...
Google makes it easier to share photos, notes and more with family members
Because constantly swapping passwords and usernames can be a pain, (if not also a security risk) Google is adding new ways for families to share with each other while still staying logged-on to their...
DeepMind’s AI beats world’s best Go player in latest face-off
Ke Jie deep in concentration during the first matchWU HONG/EPA/REX/ShutterstockBy Matt ReynoldsAlphaGo is at it again. Google DeepMind’s Go-playing AI has defeated Ke Jie, the world’s number one player,...
Google's AlphaGo A.I. beats world's number one in ancient game of Go
This week's games between AlphaGo and Ke are being live streamed by Google online, but Chinese censors already block access to Google and its services, such as Gmail and YouTube, in the country. Chinese...
All 38 major Google IO announcements ranked
Google IO is the company’s chance to express its bragging rights, and it did that at the start of its keynote by telling one and all that Android is now up to 2 billion active users.What’s more, seven...
I regard the brain as a computer which will stop working when its component fail. There is no heaven or afterlife for broken-down computers. That is a fairy story for people afraid of the dark