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Showing posts from October, 2018

EU Hands Qualcomm $271 Million Fine

The European Commission has imposed a fine of €242 million (around $271 million) on U.S. chipmaker Qualcomm for behavior it termed "predatory pricing". The EU is alleging Qualcomm at some time abused its market dominance in 3G baseband chipsets by selling them at below production cost with an aim to force competitor Icera out of the market. Such activity is illegal under EU antitrust law.

The EU alleges Qualcomm abused its market dominance between mid-2009 and mid-2011 by selling certain 3G baseband chipsets below production cost to Huawei and ZTE, claiming this was done with an aim of eliminating Icera, Qualcomm's main rival in the 3G baseband market as at that time. An investigation into Qualcomm was first launched by the European Commission in 2015.


The European Commission opened a formal investigation on the 16th of July 2015 and sent out a Statement of Objections [a document stating preliminary concerns of its investigation] on 8 December 2015. Another Statement of…

The new Mac Mini brings five times performance, More Memory Capacity, 6-Core Processors and more

Apple unveiled the new Mac Mini just recently and has outed what brings five times performance than its predecessor, 6-Core Processors, all-flash storage and up to 64GB of faster memory which places it as the most powerful Mac Mini ever made.

It's fitted with Thunderbolt 3 ports, the Apple T2 Security Chip and a 10Gb Ethernet option making it more faster and also secure for users. It's five times performance is made possible through its quad- and 6-core 8th-generation Intel Core processors with Turbo Boost Speeds up to 4.6GHz and Intel UHD graphics.




This enables the new Mac Mini take on traditional desktop tasks like music creation and software development, photo and video editing and professional tasks like video transcoding, code compiling and live musical performances with ease. With up to 64GB of 2666 MHz memory, It can load larger files into memory, run more virtual machines or manipulate even larger data sets.

It now features the speed and reliability of all-flash stora…

Apple introduces an all-new Macbook Air

Apple has outed a new MacBook Air packed with a stunning 13-inch Retina display, Touch ID and the latest processors in a portable design. It's one that delivers all-day battery life and features an Apple-designed keyboard, faster SSDs, a spacious Force Touch trackpad, wide stereo sound and the Apple T2 Security Chip and Thunderbolt 3.

The new Macbook Air is fitted with a stunning 13.3-inch Retina display with over 4 million pixels of resolution to cater for sharp image looks. Images are more lifelike with 48% more color than the previous version. It also includes a built-in FaceTime HD camera suitable for Group FaceTime calls and a a three microphone array that caters for enhanced sound quality and improved voice recognition for Siri.


The T2 Security Chip makes it much more secure with an SSD controller with on-the-fly data encryption for everything stored on it that enables the most secure boot process and storage of any Apple notebook.

An 8th generation Intel Core i5 processor,…

Apple outs the most powerful iPad ever

Apple today launched the new iPad Pro with an all-screen design that counts as its most powerful iPad ever. The new device marks the biggest change to the iPad ever with its all-screen design and high performance thanks to a custom chip along with other features such as Face ID, a new USB-C connector, Gigabit-class LTE and up to 1 Terabyte of storage.

It sports the A12X Bionic chip which outperforms most PC laptops and stands as the most powerful chip in a tablet that caters for even the most demanding computing tasks such as creation of 3D models and editing of high quality photos among others.


The  A12X Bionic is built on seven-nanometer technology and features four performance cores and four efficiency cores that cater for up to 35 percent faster performance. It's also fitted with a new performance controller that enables simultaneous use of all eight cores for an up to 90 percent boost during multi-threaded tasks.

Apple’s next-generation Neural Engine featured in this new iPa…

HeadSpin closes $20 million round at $500 million valuation

HeadSpin, a fast growing software firm that provides a mobile performance platform used by the likes of Tinder, Akamai and DocuSign has raised $20 million Series B funding from new investors ICONIQ, EQT Ventures, Battery Ventures, Quora founder Adam D'Angelo, Kearny Jackson, Ross Mason and Ryan Hoover who all joined existing investors GV, Telstra Ventures, DanHua Capital, Nexus Ventures Partners and others.

TechCrunch reports of this round valuing the company which emerged from stealth just last year at $500 million. HeadSpin was founded by Former Zynga CTO Manish Lachwani and ex Palantir engineer and Nextop founder Brien Colwell who hold the positions of CEO and CTO respectively.

Its platform spans more than 22,000 SIM-enabled devices at over 150 locations and enable customers to quickly debug, test and optimize for user experience and performance under real-world conditions around the globe. It's customers in total serve approximately 3 billion of the world's mobile user…

Coinbase raises $300 million at post-money valuation of $8 billion

Crypto exchange Coinbase has closed a $300 million Series E round led by Tiger Global with participation from Andreessen Horowitz, Polychain, Y Combinator Continuity, Wellington Management and others and is now valued at $8 billion post-money as per its statement.

Coinbase is gearing this financing towards global expansion, offering of more crypto assets, utility applications for crypto and courting of institutions into the digital currency scene.

"Coinbase is, and will remain, a crypto-first company. More than anything, we’re proud of the millions of people that have turned to Coinbase as their entry-point into crypto." An official blog post read.


"We take that responsibility very seriously. We strive to be the easy, trusted way for anyone to get started with cryptocurrencies. We see Coinbase’s growth as validation that the ecosystem will only continue to grow in size, influence and impact — ultimately ushering in a more open financial system for the world." It s…

The Mercedes-Benz baby carriage Avantgarde offers great child mobility

An all-new Mercedes-Benz baby carriage Avantgarde that offers ergonomic functionality, tested safety and innovative materials geared at enhanced child mobility has been introduced to the market. The new product sports a modern, sporty look and is developed by German manufacturer Hartan in collaboration with the Mercedes-Benz Design department.

The result of this collaboration is a baby carriage characterized by ergonomic advantages, a low net weight, AMG design-inspired 5-twin-spoke wheels, a parking brake, telescopic handlebar and a stowage compartment as well as adjustable suspension and air-chamber tyres which assist in the everyday efforts of moving children around.


The carriage is produced by Hartan known to be deeply involved in the manufacturing of baby carriages having begun that since the 1950s. Hartan stands as an expert specialist in this field and has succeeded in producing what bears the German Association for Technical Inspection (TÜV) seal of approval and meets high re…

A limited 10 units of the 2018 Audi R8 V10 plus Coupe Competition are arriving next month

Just 10 units of the most performance-oriented production R8 model ever made and preconfigured with all the available Audi Sport performance parts will be available for grabs in the U.S. starting from next month.

The new model dubbed the R8 V10 plus Coupe Competition package caters for reduced vehicle weight and increased downforce over previous models through the use of titanium backing plates for the carbon ceramic brake pads. It also features 20 inch fully milled wheels similar to that of the R8 GT4 that saves another 26.4 pounds of weight and signifies another examples of motorsport technology brought to the road.


It's full carbon fiber aero kit increases its downforce at 150 km/h (93.2 mph) which counts as double compared to that of an R8 V10 plus Coupe. This downforce is also increased at by 100 kg to 250 kg at top speed of 315 kilometres per hour.

All 10 units stand identical and are fitted with the listed contents:

Dynamic SteeringBang & Olufsen sound systemThree-way a…

The 2019 Honda Civic Si packs new colors, upgraded tech and an Enhanced interior

Starting from the 1st of November, The 2019 version of the Honda Civic Si will arrive at dealerships where customers would be able to take home a vehicle which sports a range of interior improvements from the previous model, new exterior colors, an updated Display Audio system with a new interface and improved Bluetooth integration.

The sport tuned variants comes with a powerful 205-horsepower, 1.5-liter, direct injected and turbocharged in-line 4-cylinder engine with VTEC valvetrain, a helical limited-slip differential, a slick-shifting 6-speed manual transmission and an adjustable two-mode adaptive damper system.


It comes available in 2-door coupe and 4-door sedan body styles packed with a host of changes to its interior. In addition to its updated Display Audio system, it includes more intuitive steering wheel controls, larger cupholders, an improved electronic parking brake switch, and physical buttons for fan speed.

Platinum White Pearl has also been added to the vehicle's c…

Blue Apron kits are now available on Jet.com

Blue Apron's meal kits beginning today is now available for millions of households across most of New York as well as Jersey and Hoboken on Walmart owned e-tailer Jet.com's online and mobile platforms thanks to a partnership between both companies.

Blue Apron counts as a priority partner in Jet’s newly-launched City Grocery offering and will offer a dedicated branded experience featuring changing selections of two-serving recipes designed to serve Jet's customers.


The first kits that will be offered on Jet.com are:

Seared Steaks & Peperonata with Fregola Sarda Pasta & Grana Padano Cheese (2 servings, 28 oz) $22.99 Dukkah-Spiced Beef & Couscous with Tahini-Dressed Broccoli (2 servings, 41 oz.) $20.99 Togarashi Popcorn Chicken with Sweet Chili Slaw & Jasmine Rice (2 servings, 32 oz.) $18.99 Italian Farro Bowl with Roasted Vegetables & Mozzarella (2 servings, 32 oz.) $16.99 This announcement comes soon after Jet’s new relaunch with a new design geared at o…

IBM set for $34 billion Red Hat acquisition

IBM has now officially announced a move to merge with Red Hat, the world's leading provider of open source cloud software in a deal worth $34 billion under which IBM will play $190 per share for all issued and outstanding common shares of Red Hat.

This counts as an over 50% premium from the current price of Red Hat stock (about $117) as of writing. Both companies are merging to provide "open approach to cloud, featuring unprecedented security and portability across multiple clouds" as per an official press release.


An acquisition of Red Hat will stand as very significant for this year marking the largest for 2018 and one of the biggest in the entire tech industry so far. IBM will maintain Red Hat’s open source innovation legacy while scaling its vast technology portfolio and empowering its widespread developer community as per its statement.

“The acquisition of Red Hat is a game-changer. It changes everything about the cloud market,” IBM Chairman, President and CEO Ginn…

BMW fits the X5 with M Performance Parts

BMW has fitted the X5 SUV with additional performance parts targeted for customers who wish to selectively fine-tune the vehicle's sporty personality and give this aspect for emphasis. The new SAV (Sports Activity Vehicle) scheduled for worldwide launch next year has been kit with a new range of its signature M performance parts which include all-terrain wheels, carbon fibre exterior components, the Drive Analyser data analysis and optimization feature and several other perks.

For customers who desire to make good use of its off-road capability, the the 20'' M light alloy wheel Star Spoke 748 M with all-terrain tyres is now available for the 4th generation of the X5 which also sports an eye-catching BMW M logo on a rim finished in sporty matt black. Optional 22 inch M Performance wheels about 1kg lighter than comparable wheels of the same size thanks to a special manufacturing technique are also available.





A vast selection of M Performance components with roots in motor r…

Most Read Posts

Meet goPuff, A Low-key Delivery Company Worth $1 Billion

The food-delivery market is one with intense competition. The likes of DoorDash, Uber Eats, Postmates, Deliveroo, Swiggy, Just Eat, Yelp Eat 24, and more are steadily competing for global market share while also raising huge funding. Just recently, Deliveroo raised $575 million in a round led by Amazon. DoorDash has also raised $600 million Series G funding at a $12.6 billion valuation.

Amid the intense battle, it turns out there's one hot startup that has stayed low key to avoid the eye of rivals, but it seems word is getting out. That low-key hot startup is goPuff, on-demand convenience store delivery app that was valued at $1 billion last November after a financing round, according to regulatory filings reviewed by The Information. goPuff ships products to customers from centrally located facilities -- as opposed to direct pickup from stores -- in 81 U.S. cities.


The company -- based in Philadelphia -- stocks more than 3,000 products at its facilities which it then ships to cu…

Lehmann Shows Us Postmates' Cute Little Robot

Amid tittle-tattles of Postmates shopping itself to several buyers, CEO Bastian Lehmann appeared at a recent Fortune Brainstorm Tech conference [video] to talk about the delivery company and the gig economy on the whole. Lehmann addressed acquisition rumors with a casual statement of "..I can’t comment" although he later said the "..plan is to take it public". Postmates confidentially filed for an IPO earlier this year but hasn't [soon-after] followed up with an official S-1 filing as conventionally done.

Shortly after the Fortune conference, Lehmann also penned an op-ed on CNN that pushed for improvement of workforce conditions for gig economy workers and corporation with labor unions. "...Gig companies don't have a long history of working with organized labor, but the way forward depends on us viewing unions as working partners, not sparring partners." Lehmann wrote in his op-ed. "Our business models may be new, but labor organizers have g…

Bird Reportedly In Talks To Acquire Scoot

According to a TechCrunch report, Bird -- the $2 billion valued Santa Monica-based startup known for its on-demand scooters -- is in talks to acquire Scoot, a competitor that has raised roughly $47 million in total funding, and was last valued at $71 million. TechCrunch says Bird has agreed to acquire Scoot although a deal is likely not yet closed. If it pulls through, this will be Bird's first full acquisition.

Scoot operates in the cities of San Francisco, Barcelona, and Santiago, with a fleet of manual kick scooters, electric scooters and electric bikes that users of its mobile app can access. The company has done more than 2.5 million total rides. Its backers include Vision Ridge Capital, India's Mahindra Partners, SunPower founder Tom Dinwoodie and Scout Ventures.


Bird -- led by former Uber and Lyft executive Travis VanderZanden -- on the other hand is much bigger, having raised $415 million in total funding according to Crunchbase data. Its backers include Accel, Ashton…

Toyota Taps CATL For Supply Of EV Batteries

Toyota has entered into a deal with China's CATL that'll see the latter supply electric vehicle batteries to the Japanese automaker. Discussions on new battery tech development, product quality improvements and the reuse and recycling of EV batteries have also commenced between both companies. This deal comes not long after Volvo, another top automaker, inked a similar deal with CATL and South Korea's LG Chem.

CATL is a top manufacturer of electric vehicle batteries, with a 41% market share and $4.4 billion in 2018 revenues. The Chinese company's battery output grew 261.1% from 630 MWh in 2017 to 2.274 GWh in 2018.


As a stable supply of batteries is essential to any automaker producing electric vehicles, having CATL [a top manufacturer that can fulfill huge orders] as a supplier is good for Toyota. Toyota and CATL are not just stopping at battery supplies but also intend to work on other joint battery-related systems and initiatives.

This agreement benefits the two, w…

Cisco Reportedly In Talks To Acquire Signal Sciences

Cisco has been a keen buyer of several startups and well-established companies alike. Just some days ago, the networking company scooped up optical tech supplier Acadia Communications for $2.6 billion. A month before that, Cisco acquired french IoT company Sentryo. Now it seems the company is eyeing another acquisition, with news from The Information [paywall] stating that Cisco is looking to acquire Signal Sciences, a Los Angeles-based cybersecurity startup.

Signal Sciences is one of many startups lurking in the cybersecurity industry. It develops software that protects apps running on cloud providers and on data centers from malicious attacks. Signal Sciences has courted many top tech companies as customers, to name some; DoorDash, Betterment, Remitly, Adobe, WeWork, Glossier, Cisco's Duo Security, One Medical, Yelp, PlanGrid, Procore, Postmates, Tenable and SendGrid. Overall, Signal Sciences protects more than 10,000 applications.

Signal Sciences already has some relations wit…

GM Cruise Raises $1.15 Billion At $19 Billion Valuation

GM Cruise has secured $1.15 billion in funding from a group of investors including Honda, Softbank Vision Fund and parent company General Motors who are existing investors, and funds advised by T. Rowe Price. Cruise made this known via a press release that was tweeted on Tuesday. The investment valued GM Cruise at $19 billion, up from $14.6 billion after a $2.75 billion investment commitment by Honda October last year.

"Developing and deploying self-driving vehicles at massive scale is the engineering challenge of our generation," Cruise CEO Dan Ammann said in the tweeted press release. "Having deep resources to draw on as we pursue our mission is a critical competitive advantage." This investment comes not so long after Uber's Advanced Technologies Group (ATG) raised $1 billion from Toyota, Denso, and Softbank Vision Fund (notably a participant in this round for GM Cruise.)


The Softbank Vision Fund earlier this year also invested $940 million into Nuro, anoth…

Tencent And BMW Collaborate On Self-Driving Tech

Tencent and BMW have reached an agreement to work together on a platform that'll be used to develop self-driving technologies and products. Both companies signed an agreement at a ceremony that held in Beijing on Friday, 19 July. The platform they'll work on is called the "BMW Group China High Performance D³ platform", an IT platform that'll be used for safety validation of Level 3 autonomous driving and early studies of Level 4 in BMW vehicles. BMW plans to begin production of cars equipped with Level 3 self-driving tech by 2021.

Post 2021, the "D³" platform will aid post-production development of Level 3 models and research into Level 4 self-driving tech. Thanks to this partnership, Tencent will provide IT architecture, platforms and tools required for self-driving research and development. The Chinese tech giant will also provide security expertise to ensure both parties comply with Chinese laws and regulations on data security, prevent security ris…

EU Hands Qualcomm $271 Million Fine

The European Commission has imposed a fine of €242 million (around $271 million) on U.S. chipmaker Qualcomm for behavior it termed "predatory pricing". The EU is alleging Qualcomm at some time abused its market dominance in 3G baseband chipsets by selling them at below production cost with an aim to force competitor Icera out of the market. Such activity is illegal under EU antitrust law.

The EU alleges Qualcomm abused its market dominance between mid-2009 and mid-2011 by selling certain 3G baseband chipsets below production cost to Huawei and ZTE, claiming this was done with an aim of eliminating Icera, Qualcomm's main rival in the 3G baseband market as at that time. An investigation into Qualcomm was first launched by the European Commission in 2015.


The European Commission opened a formal investigation on the 16th of July 2015 and sent out a Statement of Objections [a document stating preliminary concerns of its investigation] on 8 December 2015. Another Statement of…

Big Data startup Domo slashes its unicorn status ahead of upcoming IPO

image credit : Domo

Business Intelligence and Big Data startup Domo which was last valued at $2 Billion in its private round of funding just set the terms for its IPO as of recent and things don't really good for the company's filing.

The company filed for going public with an outstanding 24,953,806 shares priced between $19-22 each which implies an an IPO value of $546 million which is way lower than its $2 Billion unicorn status for the company which raised over $600 million from several investors including TPG, Bezos Expeditions, BlackRock, IVP and a slew of others.

This represents a loss for the company which currently operates under negative cash flow with operation costs of $148.7 million for the most recent fiscal year ended Jan 31 but with only $71.9 million cash at hand.

Domo booked $116 million in sales for the 12 months leading to April 30 2018 and is aiming to raise $189 million through the sale of 9.2 million shares in the upcoming public offering.

Domo will join …

Forbes Predicts The Next Billion Dollar Startups

Every year, popular media publication Forbes dishes out a list of startups they predict will be the next to hit billion dollar valuations and join some roughly 360 startups that are currently in that position. Forbes has been quite good with its predictions, having predicted billion dollar valuations for many unicorns now widely recognized [to name some; Docker, Tanium, Looker, Outreach, Sonder, Opendoor, Deliveroo, Vlocity, Plaid, Segment, Flexport, DoorDash, AwayLemonade, KeepTruckin and more.

Forbes recently debuted its predictions for this year, selecting some 25 venture-backed startups that it foresees as the next billion dollar startups. The startups selected by Forbes are listed below;

Next Trucking: Next Trucking is an El Segundo, California-based startup that connects shippers and truck carriers in the $800 billion U.S. trucking industry. Next Trucking focuses on drayage [moving goods from ports to warehouses], which is its distinction from similar services like Uber Freigh…