Amazon is taking a new approach to its brands, extending beyond its AmazonBasics and other private-label lines: The retailer is rolling out brands that are exclusive to the site, but are not actually owned by the company. While expansion of private-label brands has been a top priority, One Click Retail noted in a report, Amazon […]
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Japanese multinational conglomerate SoftBank Group International recently led a funding round for HEED – a new consumer platform that uses IoT analytics and AI to transform sports and entertainment experience. The round raised $35 million which will be used to strengthen the company’s expansion as it ties up with sports clubs and leagues across […]
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Facebook announced Monday (Oct. 8) the launch of the Portal and Portal+, its voice-activated communication devices for the home. In a press release, the social media giant said that artificial intelligence will make it easier to make calls and socialize. The Portal boasts a 10-inch 1280 x 800 display, while the Portal+ comes with a […]
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Microsoft, the software giant, is expected to win antitrust approval for its $7.5 billion acquisition of GitHub, the coding website. Reuters, citing two people familiar with the matter, reported on Monday (Oct. 8) that the European Union will approve the deal with no conditions. Marking its largest acquisition since it acquired LinkedIn in 2016 for $26 billion, […]
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Walmart is partnering with Metro Goldwyn Mayer, the U.S. movie studio, to create content for Vudu, its video on demand service. CNBC, citing Walmart, reported the retailer has been looking for ways to boost Vudu, which it acquired eight years ago, as its subscriber numbers are far behind Netflix. The idea is to find ways to […]
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IBM officially launches blockchain-based Food Trust, announcing its partnership with French-based retail giant Carrefour. U.S. tech giant IBM has officially launched its blockchain-based food tracking network, Food Trust, after 18 months of testing, the company revealed in a press-release Monday, October 8. In the same announcement, the corporation revealed that another major food retailer Carrefour […]
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TRON CEO Justin Sun claims new smart contract addition upgrade will allow TRON to beat Ethereum and EOS on speed and cost respectively. “Decentralized internet” protocol TRON’s TRX token surged almost 8 percent Monday, October 8, after CEO Justin Sun claimed its forthcoming update would see it beat Ethereum on speed and EOS on cost. Odyssey […]
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A man in China has been been sentenced to 3.5 years in jail for stealing about $15K worth of power from a train station to mine Bitcoin, local media reports. A man in China has been been sentenced to three and a half years in jail for stealing power from a train station to fuel […]
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Economist Nouriel Roubini, aka “Dr. Doom,” compares Bitcoin to North Korea, stating it has the worst inequality coefficient in the world. American Economist Nouriel Roubini has stated that cryptocurrency is more centralized than North Korea in a tweet October 7. New York University professor Roubini, better known as “Dr. Doom” for his alleged prediction of […]
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Chris Larsen has made this year’s Forbes 400 rich list as the 383rd richest person and is the first to ever make the list with a value accumulated solely from cryptocurrency. Forbes released its latest Forbes 400 list, for 2018, last week, estimating that Larsen is worth $2.1 billion. After gaining $78.5 billion in a […]
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