Apple buys artificial intelligence startup Emotient that reads emotions by analysing facial expressions

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Apple Inc bought Emotient Inc, an artificial intelligence startup that reads people’s emotions by analysing facial expressions, the Wall Street Journal reported. The report did not specify the financial terms of the deal. The tech giant’s plans for Emotient were not immediately clear, the Journal reported, confirming the news with… Read more »

Mobileye wants automakers to join its crowd-sourced maps project for self-driving cars

Mobileye NV wants automakers to join its project to create crowd-sourced maps to share data, producing a constantly updated, global digital map to guide self-driving cars, Chairman and Chief Technology Officer Amnon Shashua said. “We’ll encourage them to cross-license maps and cooperate with each other,” Shashua said Wednesday on the… Read more »


Facebook’s Messenger app crosses 800m users, outraces rivals Snapchat & Viber

Facebook Inc‘s Messenger app surpassed 800 million users, the company said on Thursday, making it the fastest-growing app of 2015 according to research firm Nielsen. The means Messenger, which Facebook created as a standalone app in 2014, has more active monthly users than rivals Snapchat and Viber, but still lags… Read more »


White House, Valley tech firms to discuss ways to counter social media use by terror groups

Senior White House officials and U.S. intelligence and law enforcement figures will meet with Silicon Valley executives on Friday to discuss how to counter the use of social media by militant groups, sources familiar with the meeting said on Thursday. In an escalation of pressure on technology firms to do… Read more »


Growth of ‘unicorn’ club slows down in Q4 as investor interest wanes

Just nine tech companies last quarter became unicorns, or venture-backed companies valued in the private market at $1 billion or more, compared to 23 companies that became unicorns in both the second and third quarters last year.


Temasek-backed Standard Chartered says deputy CEO Rees to step down

Since taking over in June, Standard Chartered’s Chief Executive Bill Winters has cut jobs and shut units globally as he seeks to restore the bank’s fortunes. He has taken more direct responsibility for the major units run by Rees.


Japan VC Roundup: Skyland raises $10m fund; Media startup The Bridge raises money

Japan is seeing intense activity in the venture capital space, with firms like 500 Startups and Fenox Venture Capital seeking to establish a presence in Japan’s technology entrepreneur space.  Japanese corporations are also increase their venture capital profile, following the creation of a US$100 million fund established by Draper Nexus… Read more »


Yahoo may slash over 10% of its workforce

Yahoo Inc is working on a plan to cut its workforce by at least 10 percent and it could start the process as early as this month, Business Insider reported, citing sources. “We are not confirming this rumor or commenting further”, Sarah Meron, a spokeswoman for Yahoo told Reuters on… Read more »


We do not want to read novels, echo Twitterati on #Twitter10k

The global Twitterati set their sights on Twitter on Wednesday, widely decrying a reported plan by the microblogging site to blow out its length limit to as much as 10,000 characters. The plan, first reported by Re/code late on Tuesday, sparked huge traffic on the hashtag #Twitter10k, with most of… Read more »


Facebook-owned Oculus prices virtual reality headset Rift at $599

Oculus, the virtual reality company owned by Facebook Inc, said the Rift, its much-awaited virtual reality headset, was priced at $599. The Rift will initially be shipped from March 28 to 20 countries, including Australia, Canada, Japan, the UK and the United States, the company said in a blog post… Read more »