October 2017

Tesla has fired hundreds of employees after performance reviews

By | October 14th, 2017|Technology|

Tesla fired hundreds of employees following what the company said is an annual performance review process, the company told TechCrunch. The news was first reported by The Mercury News. “Like all companies, Tesla conducts an annual performance review during which a manager and employee discuss the results that were achieved, as well as how those results [...]

Fandango is acquiring rival online ticketer

By | October 13th, 2017|Technology|

A consolidation in the advance movie ticketing space is happening today, with Fandango’s announcement that it’s acquiring rival for an undisclosed sum. The deal, which is expected to close before year-end, will help Fandango expand its international footprint, particularly in Latin America, as well as bring new cinemas to its ticketing platform. Headquartered in [...]

Facebook’s ‘Order Food’ feature officially launches across the U.S.

By | October 13th, 2017|Technology|

Facebook today formally announced its new feature that allows users to order food from local restaurants using its app. Instead of competing directly with other food ordering services, Facebook is partnering with several industry players on this effort, including EatStreet,, DoorDash, ChowNow, Olo, Zuppler, and Slice. It’s also working with restaurant chains directly, like Jack [...]

Samsung forecasts a strong quarter on the same day its CEO resigns citing “unprecedented crisis”

By | October 13th, 2017|Technology|

This post has been updated to reflect the announcement of Oh-Hyun Kwon’s resignation.   Samsung Electronics made two announcements today that contrasted starkly with one another in tone. First, it issued an optimistic third-quarter earnings guidance. Then, a few hours later, it posted a resignation letter from chief executive officer and vice chairman Oh-Hyun Kwon, who [...]

Microsoft and AWS could be the strangest cloud bedfellows yet

By | October 12th, 2017|Technology|

Today hell did not freeze over, but something remarkable happened. Microsoft and AWS announced they were working on a project together. Project Gluon is an open source, deep learning project for building, deploying and managing machine learning models. It’s worth noting that AWS and Microsoft compete fiercely in the cloud market. In fact, they each [...]

Hyperloop One becomes ‘Virgin Hyperloop One’ with Virgin Group investment

By | October 12th, 2017|Technology|

Hyperloop One has received a significant investment in Hyperloop One – the official figure hasn’t been revealed, but it’s enough that the Hyperloop tech startup, which aims to create networks of high-speed transportation tunnels to various locales across the globe, has changed its name. Virgin Hyperloop One is the entity’s official moniker going forward, which [...]

Kudos wants to be a gentle introduction to social media sharing for kids

By | October 12th, 2017|Technology|

Just as pre-teens in the 1990s were warned away from dialing 1-900 numbers, kids now need to learn how to navigate social media responsibly. Kudos, an app for kids aged eight to 13 with around-the-clock moderation, positions itself as a safe introduction to social media that also teaches its young users, some of whom were [...]

Citing ‘a few’ malfunctions, Google nukes touch function from Home Mini

By | October 12th, 2017|Technology|

Google is permanently axing all “top touch” functionality from its new Home Mini device after a nasty bug was documented yesterday that essentially recorded everything around the gadget and sent it to Google. These things happen! Either the company couldn’t be sure it could fix it or it couldn’t be sure people would trust that [...]

Here’s the trailer for the new Star Wars VR experience coming to Disney parks

By | October 11th, 2017|Technology|

Star Wars VR is going to Disneyland. Well, sort of. It’s going to the area just outside Disneyland — Downtown Disney (in Anaheim) and Disney Springs (next to Disney World in Orlando). As we noted in August, LucasFilm has been working with VR startup The Void on a huge, room-wide virtual reality experience called “Secrets [...]

MioTech gets $7M to build artificial intelligence based tools for wealth managers in Asia

By | October 11th, 2017|Technology|

MioTech, a financial tech startup with offices in Hong Kong and Shanghai, has raised $7 million in Series A funding to develop artificial intelligence based software for investment managers. The round was led by Horizons Ventures, the private investment arm of Hong Kong business tycoon Li Ka-shing, with participation from returning investor Zhenfund. MioTech’s graph [...]