“Yeah! Well of course we’re working on it,” Facebook’s head of augmented reality Ficus Kirkpatrick told me when I asked him at TechCrunch’s AR/VR event in LA if Facebook was building AR glasses. “We are building hardware products. We’re going forward on this . . . We want to see those glasses come into reality, and I think we want to play our part in helping to bring them there.”This is...

Facial recognition to allow customers to withdraw funds.The National Australia Bank (NAB) is looking towards a cardless future, unveiling a partnership with Microsoft that sees the companies develop a proof of concept Automatic Teller Machine (ATM) to allow customers to withdraw funds using their face.Announced during Sibos in Sydney on Tuesday, the proof of concept has been developed using Azu...

A painting made by an artificial intelligence program sold at Christie’s in New York auction on Thursday for $432,500—far more than the estimated $7,000 to $10,000.An anonymous phone bidder bought the painting, Portrait of Edmond Belamy, which was created by an algorithm developed by the Paris art collective Obvious. The three-person team fed the network 15,000 portraits from the 14th through...

The rise of digital formats has not only transformed the music industry over the past two decades. The home entertainment market has also undergone a complete digital makeover. While the introduction of digital movie downloads via services such as iTunes put a dent in physical format sales and rentals, the rise of Netflix and other subscription-based video streaming services really transformed...

The climate change crisis has reached new heights, with scientists saying that unless the world decreases its greenhouse gas emissions, global warming will reach a point of no return by 2020. Young consumers worry about the state of the world and appreciate brands that help to make it a better place; the following brands have launched initiatives to support the environment by planting trees, wh...

Palm-sized prototype is powered by liquid metal, which turns wheel as its centre of gravity changes when voltage is altered. Researchers say soft robots could be used for search and rescue missions.The palm-sized robot comprises a plastic wheel, a small lithium battery and drops of liquid metal. The robot’s wheel rolls when the liquid metal changes the centre of gravity, which is controlled by...

In the unfortunate event of an earthquake, the aftermath can be filled with unparalleled amounts of fear, compromised safety and frantic confusion, as the rush to locate survivors within the 72-hour period, or Golden Time, is carried out! As each hour passes after the 72-hour mark, the person’s chances of surviving dramatically plummets, so locating, and safely extracting them from the situati...

ICO portfolio is down by 66% in the first half of 2018, according to EY study.- 86% of tracked ICOs are below listing price; 30% lost substantially all their value- ICOs claim to have raised US$15b in first half of 2018- Top 10 ICOs listed in 2017 account for essentially all of the gains since issuance, with a majority in blockchain infrastructureIn the first half of 2018, 86% of the leading in...

The company made $311 million — more than any other quarter in Tesla’s history.Tesla has posted its first profitable quarter in two years, its third ever, thanks to the popularity of the Model 3 sedan. The automaker said on Wednesday that it generated $6.8 billion in revenue in the third quarter of 2018 and walked away with $311 million in profit — the most the company has ever made in a qua...