Sonos has won an initial ruling in a lawsuit it filed against Google on the grounds of patent infringement. The smart speaker maker is asking the court to award financial damages. It is also calling for a ban on the sales of Google’s smart speakers and other hardware in the US. An administrative judge overruled […] Read more
Reddit now has a valuation of over $10 billion thanks to a recent funding round that earned the social network some $410 million. Also, the company has filed to raise an additional $700 million in an upcoming investment round. “We are optimistic and encouraged that not only are we resourced and capitalized to continue on […] Read more
Hackers plundered $600 million worth of cryptocurrency assets in a never-seen-before heist. And a decentralized finance (DeFi) network called Poly Network was the victim. But within hours of the heist, the hackers started returning the stolen assets. Poly Network aggregates a number of digital ledgers and blockchains to allow for interaction across platforms. But in […] Read more
Every successful tech founder gets a lot of news coverage. But why shouldn’t they? After all, they’re among the most influential people on the planet, the top one percent of the one percent. Now, let’s talk about three tech founders (SpaceX’s Elon Musk, Google’s Larry Page, and Microsoft’s Bill Gates) and why they made headlines […] Read more
So, Xiaomi outperformed Samsung and Apple in smartphone sales during the month of June; talk of a huge upset. The ambitious Chinese phone maker now holds the coveted title of world’s largest smartphone manufacturer by sales for the month of June, a title long held by Samsung. Stats from research company Counterpoint show that Xiaomi […] Read more
Video conferencing heavyweight, Zoom has to pay a settlement fee of $85 million to make a user privacy violation lawsuit go away. The company was accused of leaking user data to Facebook, LinkedIn, and Google, and failing to prevent “Zoombombing,” (a term used to describe people intruding on private meetings). “The privacy and security of […] Read more
Once upon a time, Elon Musk tried to be CEO of Apple, according to a new book. The book explains that at some point, Apple tried to acquire Elon Musk’s Tesla. And Musk agreed to sell the EV company if he was made Apple CEO. But Tim Cook said “no deal,” or more like “f*** […] Read more
Elon Musk’s brain-machine interface (BMI) startup, Neuralink, has raised $205 million in Series C investment. Vy Capital led the investment round. Also participating were Google Ventures, DFJ Growth, Valor Equity Partners, Craft Ventures, Founders Fund, and Gigafund. Other contributors include Robert Nelson (Co-Founder of ARCH Venture Partners) and Blake Byers (Byers Capital). Additionally, Sam Altman […] Read more
Facebook will make COVID-19 vaccination mandatory for office staff across its US branches. This is in response to the rise in the number of infections across the country. The company’s Veep of People, Lori Goler, wrote the following: As our offices reopen, we will be requiring anyone coming to work at any of our US […] Read more
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