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Apple Unveils Game Subscription Service

Apple has unveiled a game subscription service - dubbed Apple Arcade - that it says will feature more than 100 new and exclusive games, including original titles from popular game creators Will Wright, Hironobu Sakaguchi and Ken Wong at launch. The new games subscription service will focus on paid games, and feature other games from the likes of Cartoon Network, Annapurna Interactive, Bossa Studios, Giant Squid, Konami, Lego, Snowman, Finji and more.

To make it simple, Apple Arcade will be sort of a Spotify for games, with users able to access several paid games on the iPhone, iPad, Mac and Apple TV for a monthly fee. That entails players getting the opportunity to try various paid games without breaking bank. Apple says every game available on the upcoming service will be playable offline, with users able to pick up where they left off in a game, even if they switch to other Apple devices. The company says new games will be added regularly to the service.



Apple Arcade will launch in…
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Apple Unveils Credit Card

Apple has unveiled the Apple Card, a new type of credit card that's built into the Apple Wallet app on the iPhone, offering customers a similar experience to Apple Pay and the ability to manage their cards right from the smartphone. There'll also be a physical titanium card, but one without a credit card number, CVV, signature or expiration date.

The Apple Card carries no fees and also "interest rates that are among the lowest in the industry" according to Apple. It says the card will offer the "flexibility to schedule more frequent payments" and show a range of payment options and calculate the interest cost on various payment amounts in real-time.


One unique feature of the Apple Card is privacy and security, with a unique card number created and stored on a microprocessor chip on the iPhone for each card. Every transaction will have to be authorized with Face ID or Touch ID and a one-time unique dynamic security code. Users of the Apple Card will be also…

Apple Debuts New TV Subscription Service

Along with a new games subscription service and news subscription service, Apple has premiered a new video subscription service - Apple TV+ - that'll feature new content from the likes of Steven Spielberg, Oprah Winfrey, J.J. Abrams, Jason Momoa, Octavia Spencer, Jennifer Anniston, Reese Witherspoon and more. Exclusive shows, movies, and documentaries are what users will be getting from the new service, signaling more competition for the likes of Netflix and Amazon.

This comes on the heels of YouTube reportedly canceling plans for all its high-end Hollywood dramas and comedies, to focus on music and gaming. In addition, Apple has also unveiled a new Apple TV app and new channels that'll launch in May. Users are now able to subscribe to new Apple TV channels like HBO, Starz and Showtime, and pay for only the services they want with the new version.



The new app will offer suggestions for movies and shows from more than 150 video streaming apps, including Hulu, Amazon Prime, and…

Apple Debuts New News Subscription Service

Apple has unveiled a new news subscription service - Apple News+ - that features more than 300 popular magazines, newspapers, and digital publishers. They include The Wall Street Journal, Vogue, Los Angeles Times, National Geographic Magazine, People, Vanity Fair, The Oprah Magazine, Martha Stewart Living, GQ, Condé Nast Traveler, Rolling Stone, theSlimm, Vox, Extra Crunch from TechCrunch, Grub Street, ELLE and more.

The new news subscription service is optimized for the iPhone, iPad and Mac, showcasing magazines "...in richly designed layouts, featuring animated covers, vivid photography and bold typography", according to Apple. It'll be available in the U.S. and Canada.



Apple will keep supporting the free Apple News service the US, Canada, UK and Australia. The company has also unveiled a game subscription service that'll debut on the iPhone, iPad, Mac and Apple TV later this year.



YouTube Said To Cancel Plans For Scripted Shows

According to a Bloomberg report, YouTube has axed plans for high-end Hollywood dramas and comedies, bowing out of competition with the likes of Netflix and Amazon. The report says canceled shows include sci-fi drama Origin and comedy Overthinking with Kat & June, citing people with knowledge of the matter.

A pull-back likely reflects high expenses for scripted shows. Even for a tech giant for YouTube parent Google, original shows could cost much amid competition from video streaming leader Netflix and Amazon which have spent billions of dollars on content production and acquisition. In 2018 alone, Netflix spent $8 billion on content and is expected to spend up to $15 billion this year.


Apple is also getting into the video streaming space, with a service expected for debut soon. It'll reportedly charge $10 per month for access to channels like HBO, Showtime and Starz. According to Bloomberg's report, YouTube concluded its money is better invested in music and gaming after …

Tarana Raises $60 Million From Khosla Ventures And EchoStar

Tarana Wireless - a Santa Clara, California based company focused on wireless network access services - has announced $60 million in new funding from Khosla Ventures and satellite communications giant EchoStar. With this round, Tarana has now raised nearly $200 million in total funding.

As part of the round, EchoStar Chairman Charlie Ergen, Khosla Ventures partner Samir Kaul and OneWeb chairman Greg Wyler are joining Tarana's board. This comes on the heels of former EchoStar EVP Kranti Kilaru joining Tarana Wireless as president.


Tarana currently employs some 165 people and aims to grow its team by 35 employees by mid-year. “We are excited to complete this round of financing, which allows us to finish our product development efforts and start commercial trials with a number of tier 1 operators who are now making plans for that phase.” COO Sergiu Nedevshi said in a statement.

Other investors in Tarana include AT&T, Blum Capital, 1010 Holdings and Deutsche Telekom. The valuatio…

Uber Reportedly Set To Announce $3.1 Billion Careem Acquisition

According to Bloomberg, Uber is set to announce an acquisition of Middle East rival Careem in a deal worth $3.1 billion: $1.4 billion in cash and $1.7 billion in convertible notes. It says the notes would be convertible into Uber shares at $55 a pop, ahead of its IPO. If announced officially, this would mark one of the most notable and biggest tech acquisitions this year.

Uber was reportedly in talks to acquire Careem as early as September last year. It was also said to be looking towards an acquisition of U.K.'s Deliveroo. As an initial public offering (IPO) nears, the San Francisco based company might be looking to solidify its global presence to keep momentum in the public markets, amid losses.


Just recently, Uber was said to be raising $1 billion for its self-driving unit ahead of an IPO. Such move would make room for involvement of outside investors in what counts as an expensive effort. As no fully commercial self-driving service has yet been launched, Uber might face scrut…

Pinterest To Spend $750 Million On AWS Through 2023

Pinterest's recent S-1 filing for an IPO revealed it booked some $760 million in revenue last year and also made some other previously unknown stats about the company known. Among those stats is a cloud deal with Amazon Web Services - worth $750 million - through July 2023. The company has already spent approximately $300 million on AWS beginning May 2017, with $441 million still committed for this purpose.

Not only Pinterest is involved in such deal. Lyft - expected to IPO soon - also revealed it planned to spend $300 million on AWS through 2021 in its S-1 filing. Many other notable names like Zillow, Uber, Snap, Peloton, Slack, Workday, Capital One, Expedia, Atlassian, Unilever, Intercom, Monzo, Epic Games, Tradeshift, ShareChat and Daniel Wellington also use AWS.


It's no surprise that Amazon's cloud unit booked $25.7 billion in revenue last year. Since its official launch in 2006, AWS has grown rapidly and set itself at the top of the cloud services market. According t…

Samsung Develops 8GB, 10nm-Class DDR4 DRAM

Samsung recently announced it has developed a "3rd-generation 10-nanometer-class (1z-nm) eight-gigabit (Gb) Double Data Rate 4 (DDR4) DRAM", one it says is a first in the industry. This comes 16 months after it began mass producing the 2nd-generation version. If that sounds complex, 10nm-class represents 10-19nm, and the advanced chips make for good use in the production of servers and high-end PCs.

Mass production of the new Dynamic random-access memory (DRAM) will kick off in the second half of this year. Samsung says it'll "accommodate next-generation enterprise servers and high-end PCs expected to be launched in 2020".  The Korean tech giant also says it'll be collaborating with - unspecified - global customers to deliver upcoming memory solutions "following a full validation with a CPU manufacturer for eight-gigabyte (GB) DDR4 modules".


Samsung, a leader in advanced memory tech is also known for a recently unveiled 1TB storage chip for mobil…

Mercedes-Benz Unveils The New GLC Coupé

Mercedes-Benz has unveiled the new GLC Coupé, adding features like a new engine line-up, enhanced driver assistance systems and the latest build of the MBUX Mercedes-Benz User Experience infotainment system. The driver assistance systems now come with an exit-warning function, emergency-corridor function and tail-end-of-traffic-jam function, among other new ones in the new GLC Coupé.

Some features of the new vehicle include:
LED headlamps/taillamps A multifunctional touchpad for operationA 360° cameraA choice of four-cylinder petrol and diesel engines

Compared by styling and exterior design, the new GLC Coupé is very similar to the previous version, with almost no change in this area. The difference lies in its larger display system (1920 x 720 pixels central screen) and the new driver assistance features.

It'll make a debut at the New York International Auto Show next month and go on sale later this year.



Mercedes-Benz eSprinter Completes Final Test In Arctic Conditions

The Mercedes-Benz eSprinter, a new electric van currently in the works by the company has undergone final tests at under Artic conditions in Sweden's Arjeplog, a popular winter test site for Asian and European car manufacturers. The new electric van is scheduled for market launch in the second half of this year.

Mercedes-Benz has also released previously unknown specs for the eSprinter. They include:
Fast-charging function (able to recharge around 80% of full energy in 30 minutes)150 km range (when configured with 55kWh battery capacity), 100km range configuration also available3500 kg gross vehicle weight10.5 m³ maximum load volume85 kW output and a torque figure of up to 300 Newton metresMaximum payload of 900 kg (for 55 kWh battery capacity) and maximum payload of 1,040 kg (for "second battery option" of 41 kWh)

Testing for the eSprinter included driving on a frozen lake, ergonomics using special measuring technology, and cold cell facility tests for starting behaviou…

Pinterest Booked $760 Million Revenue Last Year

IPO contender Pinterest has officially made its S-1 filing for an IPO, revealing some details not previously known about the company. According to its IPO prospectus, It booked $755.9 million in 2018 revenue amid a net loss of $63 million, compared to $472 million revenue and a $130 million loss in 2017 and $299 million in revenue and a $182 million loss in 2016.

This stats indicates increasing revenue at over 50% yearly and decreasing net losses over the same period. Other notable stats revealed by Pinterest include:
250 million monthly active users (as of December 31, 2018) 4 billion total boards created (as of December 31, 2018)2 billion+ monthly searches on its service175 billion total pins saved (as of December 31, 2018)

The filing also revealed the company's executive pay, indicating CEO Ben Silbermann earned a base salary of $197,100 while CFO Todd Morgenfeld earned a base salary of $360,500 with stock awards worth some $22,028,696. Goldman Sachs and J.P. Morgan are the lead…

GM To Invest $300 Million For New Chevy EV

General Motors has announced it's investing $300 million in one of its assembly plants to produce a new Chevrolet electric vehicle, that it says will add 400 jobs to the facility where it's manufactured. This is part of the company's commitment to put in $1.8 billion - and create 700 new jobs and support 28,000 jobs across six states - in US manufacturing operations.

The Orion Township, Michigan, assembly plant that it's investing in currently builds the Chevrolet Bolt EV, Chevrolet Sonic and Cruise self-driving vehicles. The new Chevrolet EV will be based on "an advanced version" of the same vehicle platform as the Bolt EV. GM's announcement comes on the heels of a recent announcement by GM that the Cadillac brand will be its first to get electric vehicles based on a platform to be released in future time.


In addition to the new 400 jobs at the Orion plant, GM is in the process of adding 1,000 jobs at its Flint Truck Assembly Plant. This week, the autom…

Rent The Runway Raises $125 Million, At $1 Billion Valuation

New York based clothing rental startup Rent the Runway has raised $125 million in funding co-led by Franklin Templeton Investments and Bain Capital Ventures, with participation from all existing lead investors, T. Rowe Price and Hamilton Lane Advisors. This round brings the total raised by the company to approximately $337 million and values it at $1 billion.

With this investment, Franklin Templeton portfolio manager Sara Araghi has been appointed to Rent the Runway's board, joining as the fifth female board member at the female-led company. The company says the new funding will enable it to accelerate subscription growth, infrastructure and broaden assortment and category offerings.


“Shared, dynamic ownership is a movement that Rent the Runway has pioneered over the last decade and we’re excited to continue to lead the market and innovate our subscription service,” Rent the Runway co-founder and CEO Jennifer Hyman said in a statement. "The apparel and accessories market is …

Volvo Outs In-Car Cameras To Tackle Unsafe Driving

Volvo has unveiled new in-car cameras that it says will help tackle drunk and distracted driving in its vehicles. These cameras will see its debut on Volvo vehicles early next year. Volvo says the in-car cameras in conjuction with other sensors will allow the car to intervene if "a clearly intoxicated or distracted driver does not respond to warning signals and is risking an accident involving serious injury or death".

The vehicle's intervention could involve limiting speed, alerting the Volvo on Call assistance service, and actively slowing down and safely parking the car as a final course of action. Examples of situations where the camera comes into effect include a complete lack of steering input for long periods, drivers who are detected to have their eyes off the road, extreme lane weaving and slow reaction times.


Details on the exact amount of cameras and their positioning in the interior of Volvo vehicles will be revealed later. Volvo also debuted a new speed-lim…

Volvo Debuts Speed-Limit Setting Key

Following Volvo's move to set a 180km/h top speed limit on all its vehicles beginning 2020, Volvo has unveiled the Care Key, a device that allows users of its vehicles to set a speed limit for themselves, family members or friends. The Care Key will become standard on all its vehicles beginning 2021.

The device lets Volvo drivers set limitations on their car's top speed before use, or lending to acquaintances, tackling the issue of over-speeding on roads. In addition to capping speed, Volvo says it's currently courting insurance companies in several markets "to conversations" to offer favorable, special insurance packages to drivers using its safety features.


Volvo says it expects to announce the first of such agreements with national insurance firms soon. “We believe that a car maker has a responsibility to help improve traffic safety,” Volvo CEO Håkan Samuelsson said. “Our recently announced speed limit fits that thinking and the Care Key is another example. M…

Apple Updates The AirPods

Just after debuting two new iPads and updating the iMac, Apple has unveiled a new version of the AirPods, the world's most popular wireless headphones, adding a new Apple-designed H1 chip, a wireless charging case and support for Siri.

The Apple-designed H1 chip allows up to 50% more talk-time compared to the current AirPods, and enables two times faster connection times, making switching between devices while listening to music more speedy. Featuring the convenience of “Hey Siri” for the first time, users can also now change songs, make calls, adjust the volume or get directions by voice command.


The wireless charging case is optional, with a standard charging case also available. Each case holds additional charges for 24 hours worth of listening time. The new AirPods also features an LED light indicator that displays its charge status with a glance. Existing AirPod owners can also purchase the wireless charging case for use.

Set to hit stores next week, AirPods with the standar…

Oculus Launches The Rift S

Oculus has unveiled the Rift S - a new $400 VR headset that succeeds the current Oculus Rift. The new virtual reality headset was designed in partnership with Lenovo, drawing on the Chinese tech giant's experience in the VR and AR space, and feedback from the Lenovo Legion community of gamers.

Oculus says the Rift S was designed for "increased comfort, better weight distribution, and improved light blocking, as well as a simple, single-cable system for a clutter-free experience". The Rift S features the same audio system as the Oculus Quest and Oculus Go headsets and also comes with inside-out tracking technology (Oculus Insight) just like the Oculus Quest.



Other features of the Rift S include a headphone jack and Oculus Touch controllers. The new VR headset is powered by the user's PC, just like the Oculus Rift. It'll launch in Spring 2019.




More New Releases:
HP Debuts New VR HeadsetNvidia Debuts $100 AI ComputerApple Updates The iMacApple Debuts Two New iPadsFit…

Doctolib Raises $170 Million At $1.1 Billion Valuation

Doctolib - a French startup what provides doctors and hospitals with software solutions for medical processes - has raised €150 million ($170 million) in new funding led by General Atlantic, several existing investors: Accel. Kernel, Eurazeo and Bpifrance, and several unspecified German healthcare entrepreneurs. This round values the 2013 founded company at more than €1 Billion ($1.13 billion).

Five years after its founding, Doctolib has grown to be a leading e-health service in Europe and says it receives 30 million online visits from patients every month. The company currently employs 750 people, with offices in 40 cities across France and Germany.


With this funding, Doctolib says it'll double the size of its team in the next three years, roll out its tele-health service to its community of 75,000 physicians and 1,400 healthcare facilities in France and Germany, double its investment in technology, product and design, and expand into new regions.

Doctolib has now raised nearly …

HP Debuts New VR Headset

At the HP Reinvent conference, HP unveiled a new VR headset - the Reverb, a new "grounds-up designed" headset with twice the resolution, two-thirds the weight and half the cost of of the preceding HP Mixed Reality VR Headset. With the debut of this new headset, HP says it worked on a device that addresses three pain points commonly associated with VR headsets: visual quality, comfort and worry-free deployment and support.

Weighing just 1.1. pounds, features of the HP Reverb include:
2160 x 2160 display 114-degree field of viewIntegrated headphonesDual microphonesPre-paired motion controllersWindows Mixed Reality and Steam VR supportBluetooth connectivityRemovable, cleanable facemask cushions


The new headset comes in two versions: a Consumer Edition and Pro Edition. Set for availability in April, they'll go for $600 and $650 respectively. The Pro edition comes with an additional 0.6m headset cable and a washable fabric face cushion, hence the price.



Nvidia Debuts $100 AI Computer

Nvidia has unveiled the Jetson Nano, a new $100 AI computer that delivers 472 GFLOPS of computing performance for running AI workloads, and is power-efficient, consuming as little as 5 watts. Nvidia CEO Jensen Huang unveiled the device at the on-going GPU Technology Conference, where the company also announced a self-driving collaboration with Toyota.

The Jetson Nano actually comes in two versions - a $100 devkit for developers and a $130 production ready module for companies looking to utilize it to create mass-market systems. Nvidia says it can run several neural networks on each sensor stream, process many sensors in parallel and support high-resolution sensors and many popular AI frameworks.


Specs of the AI device includes:
Linux for Tegra - OS SupportGigabit Ethernet connectivity4 GB 64-bit LPDDR4 memoryQuad-core ARM A57 CPU 128-core Nvidia Maxwell architecture-based GPUVideo: 4K @ 30 fps (H.264/H.265) / 4K @ 60 fps (H.264/H.265) encode and decodeCamera: MIPI CSI-2 DPHY lanes, 12…

Apple Updates The iMac

Just after debuting two new iPads, Apple has updated its iMac line with up to 8-core Intel 9th-generation processors for the first time and Vega graphics options. This is a 2x performance boost, combined with Retina display, fast storage and memory, macOS Mojave and an all-in-one design.

The 21.5-inch iMac now features 8th-generation quad-core and 6-core processors for the first time, while the 27-inch iMac now for the first time features up to 9th-generation 6-core and 8-core processors. With Radeon Pro Vega graphics, the new 21.5-inch version and the 27-inch version will deliver up to 80% faster and 50% faster graphics performance - respectively - from the previous versions.


Other notable features of both iMacs include its Retina display - up to 14.7 million pixels, 1 billion colors, 500 nits of brightness and P3 wide color gamut - and a 5 millimeter-thin aluminum and glass enclosure. Set to hit stores next week, the new 21.5-inch iMac and 27-inch iMac would retail for $1,300 and $…

Toyota and Nvidia Collaborate For Self-Driving Tech

Toyota has tapped Nvidia for a collaboration to 'develop, train and validate self-driving vehicles', Nvidia announced on Monday at the on-going GPU Technology Conference (GTC) . This partnership builds on an already existing relationship with Toyota to utilize the Nvidia Drive "scalable AI platform for autonomous driving", and is based on collaboration between teams from Nvidia, Toyota Research Institute-Advanced Development (TRI-AD) in Japan and the Toyota Research Institute (TRI) in the U.S.

Nvidia says the agreement included the development of "an architecture that can be scaled across many vehicle models and types", boosting production and development timeline, and also "simulating the equivalent of billions of miles of driving in challenging scenarios."


“Our vision is to enable self-driving vehicles with the ultimate goal of reducing fatalities to zero, enabling smoother transportation, and providing mobility for all,” TRI-AD CEO Dr. James K…

Atlassian Snaps Up AgileCraft For $166 Million

Atlassian has announced an acquisition of AgileCraft - a Georgetown, Texas based provider of "enterprise agile planning software" - for $166 million: $154 million in cash, and the rest in restricted shares subject to vesting conditions. The acquisition is expected to close next month.

San Francisco based Atlassian's purchase of AgileCraft is expected to add approximately $1-2 million to the company's fiscal 2019 revenue. The 2013 founded company raised $10 million in funding from investors including private equity firm Crane Nelson, and former Bank of America senior executives Jim Kelly and Tim Arnoult.


This acquisition adds to Atlassian's notable buys, including a $295 million purchase of OpsGenie September last year and a $425 million purchase of Trello in 2017. “As Atlassian tools spread through organizations, technology leaders need better visibility into work performed by their teams. With AgileCraft joining Atlassian, we believe we’re the best company to h…

Gett Reportedly Looking To Go Public This Year

According to the Financial Times, Gett - an Israeli based ride-hailing startup valued at $1.4 billion from a last year round - is planning an IPO this year, potentially joining Lyft and Uber which are expected to also go public this year. According to FT, Gett is planning a listing in either Israel or on the London Stock Exchange.

Citing CEO Dave Waiser, the FT reports Gett considered a listing after seeing that ride-hailing rival Lyft planned to go public, despite growing losses. “We will see how Lyft goes, we believe there’s a lot of public capital waiting for the [technology] darlings [Uber and Lyft], but we also believe that our business model makes sense,” Waiser said.


Citing a monthly profit chart, the Financial Times says Gett's global business lost $3.5 million in December, but expects to ink more than $1 million in Profit this December. It also says its more mature European business inked $2.4 million in losses but is projected to record a higher profit by the end of thi…

Apple Debuts Two New iPads

Ahead of a March 25 event expected to showcase its moves into subscription based software, Apple has unveiled two new additions to the iPad lineup: a new 10.5-inch iPad Air and 7.9-inch iPad mini. It says the new iPad Air comes with a 70% performance boost and twice the graphics capability of the previous version.

Features of the new iPads include:

iPad Air:
Apple Pencil SupportA12 Bionic chip'Advanced Retina display with True Tone technology' - nearly 20 percent larger (with over half a million more pixels) than the previous versioneSIM technology.


The features of the new iPad mini are also quite similar to the new iPad Air. Apple says the new iPad mini comes with three times the performance and nine times faster graphics than the preceding version. It also says it's "25 percent brighter and has the highest pixel density of any iPad".

Set to hit stores next week, the new iPad mini starts at $400 for the Wi-Fi model and $530 for the Wi-Fi + Cellular model, while …

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Mercedes-Benz eSprinter Completes Final Test In Arctic Conditions

The Mercedes-Benz eSprinter, a new electric van currently in the works by the company has undergone final tests at under Artic conditions in Sweden's Arjeplog, a popular winter test site for Asian and European car manufacturers. The new electric van is scheduled for market launch in the second half of this year.

Mercedes-Benz has also released previously unknown specs for the eSprinter. They include:
Fast-charging function (able to recharge around 80% of full energy in 30 minutes)150 km range (when configured with 55kWh battery capacity), 100km range configuration also available3500 kg gross vehicle weight10.5 m³ maximum load volume85 kW output and a torque figure of up to 300 Newton metresMaximum payload of 900 kg (for 55 kWh battery capacity) and maximum payload of 1,040 kg (for "second battery option" of 41 kWh)

Testing for the eSprinter included driving on a frozen lake, ergonomics using special measuring technology, and cold cell facility tests for starting behaviou…

Volvo Debuts Speed-Limit Setting Key

Following Volvo's move to set a 180km/h top speed limit on all its vehicles beginning 2020, Volvo has unveiled the Care Key, a device that allows users of its vehicles to set a speed limit for themselves, family members or friends. The Care Key will become standard on all its vehicles beginning 2021.

The device lets Volvo drivers set limitations on their car's top speed before use, or lending to acquaintances, tackling the issue of over-speeding on roads. In addition to capping speed, Volvo says it's currently courting insurance companies in several markets "to conversations" to offer favorable, special insurance packages to drivers using its safety features.


Volvo says it expects to announce the first of such agreements with national insurance firms soon. “We believe that a car maker has a responsibility to help improve traffic safety,” Volvo CEO Håkan Samuelsson said. “Our recently announced speed limit fits that thinking and the Care Key is another example. M…

Samsung Develops 8GB, 10nm-Class DDR4 DRAM

Samsung recently announced it has developed a "3rd-generation 10-nanometer-class (1z-nm) eight-gigabit (Gb) Double Data Rate 4 (DDR4) DRAM", one it says is a first in the industry. This comes 16 months after it began mass producing the 2nd-generation version. If that sounds complex, 10nm-class represents 10-19nm, and the advanced chips make for good use in the production of servers and high-end PCs.

Mass production of the new Dynamic random-access memory (DRAM) will kick off in the second half of this year. Samsung says it'll "accommodate next-generation enterprise servers and high-end PCs expected to be launched in 2020".  The Korean tech giant also says it'll be collaborating with - unspecified - global customers to deliver upcoming memory solutions "following a full validation with a CPU manufacturer for eight-gigabyte (GB) DDR4 modules".


Samsung, a leader in advanced memory tech is also known for a recently unveiled 1TB storage chip for mobil…

Pinterest Booked $760 Million Revenue Last Year

IPO contender Pinterest has officially made its S-1 filing for an IPO, revealing some details not previously known about the company. According to its IPO prospectus, It booked $755.9 million in 2018 revenue amid a net loss of $63 million, compared to $472 million revenue and a $130 million loss in 2017 and $299 million in revenue and a $182 million loss in 2016.

This stats indicates increasing revenue at over 50% yearly and decreasing net losses over the same period. Other notable stats revealed by Pinterest include:
250 million monthly active users (as of December 31, 2018) 4 billion total boards created (as of December 31, 2018)2 billion+ monthly searches on its service175 billion total pins saved (as of December 31, 2018)

The filing also revealed the company's executive pay, indicating CEO Ben Silbermann earned a base salary of $197,100 while CFO Todd Morgenfeld earned a base salary of $360,500 with stock awards worth some $22,028,696. Goldman Sachs and J.P. Morgan are the lead…

Apple Unveils Credit Card

Apple has unveiled the Apple Card, a new type of credit card that's built into the Apple Wallet app on the iPhone, offering customers a similar experience to Apple Pay and the ability to manage their cards right from the smartphone. There'll also be a physical titanium card, but one without a credit card number, CVV, signature or expiration date.

The Apple Card carries no fees and also "interest rates that are among the lowest in the industry" according to Apple. It says the card will offer the "flexibility to schedule more frequent payments" and show a range of payment options and calculate the interest cost on various payment amounts in real-time.


One unique feature of the Apple Card is privacy and security, with a unique card number created and stored on a microprocessor chip on the iPhone for each card. Every transaction will have to be authorized with Face ID or Touch ID and a one-time unique dynamic security code. Users of the Apple Card will be also…

Apple Unveils Game Subscription Service

Apple has unveiled a game subscription service - dubbed Apple Arcade - that it says will feature more than 100 new and exclusive games, including original titles from popular game creators Will Wright, Hironobu Sakaguchi and Ken Wong at launch. The new games subscription service will focus on paid games, and feature other games from the likes of Cartoon Network, Annapurna Interactive, Bossa Studios, Giant Squid, Konami, Lego, Snowman, Finji and more.

To make it simple, Apple Arcade will be sort of a Spotify for games, with users able to access several paid games on the iPhone, iPad, Mac and Apple TV for a monthly fee. That entails players getting the opportunity to try various paid games without breaking bank. Apple says every game available on the upcoming service will be playable offline, with users able to pick up where they left off in a game, even if they switch to other Apple devices. The company says new games will be added regularly to the service.



Apple Arcade will launch in…

Tarana Raises $60 Million From Khosla Ventures And EchoStar

Tarana Wireless - a Santa Clara, California based company focused on wireless network access services - has announced $60 million in new funding from Khosla Ventures and satellite communications giant EchoStar. With this round, Tarana has now raised nearly $200 million in total funding.

As part of the round, EchoStar Chairman Charlie Ergen, Khosla Ventures partner Samir Kaul and OneWeb chairman Greg Wyler are joining Tarana's board. This comes on the heels of former EchoStar EVP Kranti Kilaru joining Tarana Wireless as president.


Tarana currently employs some 165 people and aims to grow its team by 35 employees by mid-year. “We are excited to complete this round of financing, which allows us to finish our product development efforts and start commercial trials with a number of tier 1 operators who are now making plans for that phase.” COO Sergiu Nedevshi said in a statement.

Other investors in Tarana include AT&T, Blum Capital, 1010 Holdings and Deutsche Telekom. The valuatio…

Uber Reportedly Set To Announce $3.1 Billion Careem Acquisition

According to Bloomberg, Uber is set to announce an acquisition of Middle East rival Careem in a deal worth $3.1 billion: $1.4 billion in cash and $1.7 billion in convertible notes. It says the notes would be convertible into Uber shares at $55 a pop, ahead of its IPO. If announced officially, this would mark one of the most notable and biggest tech acquisitions this year.

Uber was reportedly in talks to acquire Careem as early as September last year. It was also said to be looking towards an acquisition of U.K.'s Deliveroo. As an initial public offering (IPO) nears, the San Francisco based company might be looking to solidify its global presence to keep momentum in the public markets, amid losses.


Just recently, Uber was said to be raising $1 billion for its self-driving unit ahead of an IPO. Such move would make room for involvement of outside investors in what counts as an expensive effort. As no fully commercial self-driving service has yet been launched, Uber might face scrut…

Volvo Outs In-Car Cameras To Tackle Unsafe Driving

Volvo has unveiled new in-car cameras that it says will help tackle drunk and distracted driving in its vehicles. These cameras will see its debut on Volvo vehicles early next year. Volvo says the in-car cameras in conjuction with other sensors will allow the car to intervene if "a clearly intoxicated or distracted driver does not respond to warning signals and is risking an accident involving serious injury or death".

The vehicle's intervention could involve limiting speed, alerting the Volvo on Call assistance service, and actively slowing down and safely parking the car as a final course of action. Examples of situations where the camera comes into effect include a complete lack of steering input for long periods, drivers who are detected to have their eyes off the road, extreme lane weaving and slow reaction times.


Details on the exact amount of cameras and their positioning in the interior of Volvo vehicles will be revealed later. Volvo also debuted a new speed-lim…

Rent The Runway Raises $125 Million, At $1 Billion Valuation

New York based clothing rental startup Rent the Runway has raised $125 million in funding co-led by Franklin Templeton Investments and Bain Capital Ventures, with participation from all existing lead investors, T. Rowe Price and Hamilton Lane Advisors. This round brings the total raised by the company to approximately $337 million and values it at $1 billion.

With this investment, Franklin Templeton portfolio manager Sara Araghi has been appointed to Rent the Runway's board, joining as the fifth female board member at the female-led company. The company says the new funding will enable it to accelerate subscription growth, infrastructure and broaden assortment and category offerings.


“Shared, dynamic ownership is a movement that Rent the Runway has pioneered over the last decade and we’re excited to continue to lead the market and innovate our subscription service,” Rent the Runway co-founder and CEO Jennifer Hyman said in a statement. "The apparel and accessories market is …