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Cryptocurrency mining program Coinhive sparks controversy

  • William Van-Lear Black
  • 8 Months ago
  • 0
Coinhive, a Javascript application that uses website visitors’ computing power to mine cryptocurrency, launched on September 14. Since, the program has generated controversy, as website owners and hackers alike insert it into a number of high-profile websites. Coinhive markets itself as a legitimate way for websites to make money, but does not endorse the use […]

Silicon Valley startup Aeva aims to give driverless cars better vision

  • William Van-Lear Black
  • 8 Months ago
  • 0
In January, with funding from Lux Capital and other venture capital firms, two former members of Apple’s Special Projects Group, Soroush Salehian and Mina Rezk, started Aeva. The company aims to improve the ability of self-driving cars to see their surroundings, according to New York Times report. Salehian and Rezk are reimagining Lidar—that is, Light […]

High-tech retail startup Bodega raises $2.5 million in funding round

  • William Van-Lear Black
  • 8 Months ago
  • 0
Bodega, a San Francisco-based startup that operates fully-automated kiosks roughly the size of vending machines, introduced itself to the world Wednesday. The company has raised $2.5 million in a funding round led by venture capital firms Homebrew and First Round Capital, TechCrunch reports. Thirty Bodega kiosks (which the company calls “bodegas”) are already operational in […]

Deere & Co. to acquire Blue River Technology for $305 million

  • William Van-Lear Black
  • 9 Months ago
  • 0
Deere & Co. announced Wednesday that it has signed a “definitive agreement” to acquire Blue River Technology, an agriculture technology company, in a $305 million deal, TechCrunch reports. The deal will likely be finalized next month. Blue River specializes in “precision farming,” a technique that uses technology to streamline traditional farming methods. Precision farming is […]

Carpooling service Via closes investment round, plans U.S. and oversea expansion

  • William Van-Lear Black
  • 9 Months ago
  • 0
Carpooling service Via just completed a funding round, the proceeds of which the company intends to use to expand its service in the U.S. and to establish a presence in Europe, TechCrunch reports. Via will begin London operations in the near future, and Paris service soon after. The amount of the funding round remains undisclosed, […]

Chinese authorities crackdown on cryptocurrency ICOs

  • William Van-Lear Black
  • 9 Months ago
  • 0
Monday, the Chinese government banned the practice of creating and selling new cryptocurrencies, Reuters reports.  With the rise of Blockchain technology, initial coin offerings (ICOs)—which give investors the opportunity to buy newly-created cryptocurrencies—have gained popularity. In total, Reuters says, ICOs have raised $2.32 billion since the inception of the cryptocurrency market; $2.16 billion of that […]

Prisma’s artificially-intelligent machine vision tech is on the market

  • Ashley Leader
  • 9 Months ago
  • 0
The company behind the photo filter app Prisma is shifting its focus away from the app and towards selling its technology to other companies, as reported by the Verge. You know, that app that can trick you into thinking bad phone photos are paintings? You know, that app that can trick you into thinking bad phone photos are paintings? That’s Prisma. […]

Lyft to Deploy Autonomous Cars by End of 2017

  • William Van-Lear Black
  • 10 Months ago
  • 0
Ride-hailing company Lyft announced Friday that self-driving vehicles will be picking up customer  by the end of the year, Brian Fung of The Washington Post reports. The first autonomous Lyft cars will drive on the streets of Boston, but Lyft ultimately aims to create a network of hundreds of thousands of autonomous vehicles, which it […]

Amazon Meal Kit Plans

  • Cedric Brenninkmeijer
  • 10 Months ago
  • 0
Amazon is proceeding with its expansion plan to diversify into surrounding markets and innovate in order to establish a dominant position. In recent news, Amazon expressed its intent to redesign and push the boundaries in the prepared meal kit world that is currently dominated by Blue Apron Holdings Inc. Amazon is throwing itself in the […]

Nevada’s Marijuana Shortage Might End Soon

  • William Van-Lear Black
  • 10 Months ago
  • 0
The marijuana shortage which befell Nevada’s dispensaries after they sold over $3 million worth of marijuana in the first weekend of sales will be eased by a measure passed by the state’s tax commission Thursday to increase the number of entities who can distribute weed, Grace Donnelly of Fortune reports. After hearing arguments from dispensary […]

Campbell Acquires Pacific Foods

  • Cedric Brenninkmeijer
  • 11 Months ago
  • 0
In order to expand its consumer base while also shifting to adapt to the needs of its customer base, Campbell Soup announced today that it would acquire Pacific Food for $700 million. While this acquisition does expand its market, this move still plays to the strengths of Campbell as Pacific Food makes organic broth, soup, […]

Passengers Outraged Over Paying Uber Fare

  • Cedric Brenninkmeijer
  • 11 Months ago
  • 0
Wisconsin couple Keith and Audra Tubin will need to pay almost $900 for an Uber fare on Monday. The Tubins used Uber to ride to a music festival last week and found out afterward that they would be needing to pay a tremendous bill. The Tubins believe themselves to have been overcharged, while Uber has […]

Blue Apron Goes Public With an IPO of $10/share

  • William Van-Lear Black
  • 11 Months ago
  • 0
Blue Apron, the $1 billion dollar online food delivery startup that sells “meal kits” containing everything the customer needs to make a meal at home, opened on the New York Stock Exchange Thursday at $10 a share. The company initially anticipated pricing its IPO in the range of $15-17 per share. The decision to enter […]

Alphabet Accuses Uber of Cover Up

  • Cedric Brenninkmeijer
  • 11 Months ago
  • 0
Alphabet have accused Uber of covering up the theft of trade secrets from Alphabet. Uber drew Alphabets attention after it acquired the self-driving startup Otto, a business founded by Anthony Levandowski, who previously led Alphabet’s autonomous vehicle business. Alphabet claims that Levandowski stole 14,000 proprietary files before leaving to start Otto, and are now suing […]

Sit Back and Relax: Autonomous Shuttles on UM Campus

  • Cedric Brenninkmeijer
  • 11 Months ago
  • 0
The University of Michigan will be introducing two fully autonomous vehicles to its campus to shuttle students and faculty this fall. University officials announced the pilot program at the MCity test facility for autonomous and connected cars. The goal is to field test the vehicles while also observing both passenger and driver public perception. This endeavor […]

Uber Reaches Tipping Point

  • Cedric Brenninkmeijer
  • 11 Months ago
  • 0
In light of recent events concerning Uber, most significant of which is Uber’s CEO, Travis Kalanick, taking a leave of absence in order to quell corporate behavior news reports, Uber has reported a series of changes that it has named the 180 days of change in order to help re-brand and help redesign Uber’s business […]

Spotify-Backed Music Startup Raised $22 Million For Expansion

  • Anahit Moumjian
  • 1 year ago
  • 0
Stockholm-based startup Soundtrack Your Brand has raised $22 million in funding for global expansion and tech build-up. The company, started by an ex-Spotify executive and a co-founder of Beats, has already seen significant growth on its aim to provide music streaming services to businesses. The company’s client list includes McDonald’s, TAG Heuer, and Toni & […]

Eminem Invests in StockX

  • Sharnita Sanders
  • 1 year ago
  • 0
Eminem, who is also known as Slim Shady and is a Grammy award winning rapper, recently invested in a startup sneaker company called StockX. The Detroit native invested money in the startup company before now. He was one of the former investors to add additional funds to StockX, which is dabbling in the global sneaker […]

Amazon’s Plan for a Robotic Supermarket

  • Sharnita Sanders
  • 1 year ago
  • 0
Some estimate that in the future Amazon could be the first to utilize the robotic technology that continues to develop over the years. Amazon’s new high-tech supermarket might possibly be operated by only three humans. Three workers is even less than most supermarkets around today. In fact, according to Amazon the maximum number of employees […]

Microsoft Acquires an A.I. Start-Up

  • Anahit Moumjian
  • 1 year ago
  • 0
Microsoft announced on a blog post from Friday morning that it has acquired Maluuba, a start-up based out of Toronto that focuses on using deep machine learning for natural language processing. Deep learning is the current popular approach to artificial intelligence, based on a set of algorithms that attempt to model high-level abstractions in data. In […]
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