(M&A) Meta Acquires Luxexcel, A Smart Eyewear Company
[Investing]
2023/01/04 09:08
As Meta faces antitrust scrutiny over its acquisition of VR fitness developers Within, the tech giant is making another acquisition. Meta confirmed to TechCrunch that it is purchasing Luxexcel, a smart eyewear company headquartered in the Netherlands. The terms of the deal, which was first reported in the Belgian paper De Tijd, have not been disclosed.Founded in 2009, Luxexcel uses 3D printing...
Amplifica Raises $11.8M to Help Bald People Regrow Hair
[Investing]
2023/01/04 09:07
Amplifica Holdings Group, Inc. ("Amplifica"), a privately-held, clinical-stage biopharmaceutical company announced it successfully closed an $11.8 million Series A Preferred Stock financing. The company intends to use the funds to advance the development of its proprietary compounds for the treatment of androgenic alopecia (hair loss) in both male and female patients."The investor participation...
(PDF) Mckinsey - 8 Tech Highlights from 2022
[Business]
2023/01/04 09:06
Here’s a look back at some of the important technology story lines from the year that was.From metaverse mania to eye-popping breakthroughs in generative AI, it has been quite a year for technology. We present some of the stories that helped shape the last twelve months, as told through eight charts—with a smattering of insights to go along with them.A tipping point for AI?At first glance, ou...
Top 10 Reasons Why Metaverse Would Fail Miserably in 2023
[Business]
2023/01/04 09:05
Metaverse touted to be the next inflection point in the digital world, is at its cross-roads. Touted as Web 3.0 with a promise of virtual reality experience as the main proposition, is now struggling to stop from falling. And this is before it could even begin. Ever since its stocks were featured it had lost nearly $18 billion on the Reality Labs segment on revenue of just over $4 billion. For...
(Video) ThinkOrbital Designing Platform for In-Space Manufacturing, Debris Removal
[Tech]
2023/01/04 09:04
ThinkOrbital, a space infrastructure startup, is designing an orbital platform aimed at commercial businesses, military and government agencies that want to manufacture products in orbit or recycle debris.The Lafayette, Colorado-based company last year lost out in NASA’s competition to develop commercial space station concepts and is now working on a new product that it believes is more viable...
Wisear Aims to Stick Neural Interface Technology in Users' Ears
[Product]
2023/01/04 09:03
Wisear's Perceive earbuds convert electric signals produced by facial movements into mobile device commands.Speaking voice commands to a mobile device in public can make some people feel a bit silly, plus background noise or privacy concerns may be a problem. French startup Wisear has developed an alternative, in the form of earbuds that "read" the user's facial activity.Currently in functional...
(Patent) Apple Patents Next-Gen Pencil with an Optical Sensor
[Tech]
2023/01/03 09:10
Apple just took the eyedropper tool and made it real. Instead of being merely a note-keeping and art-creating device, the Pencil would also now help gather inspiration with a tech infused nib.Ever seen a beautiful mural on a wall and felt like being able to capture those colors for your own art? Sure, you could carry a Pantone shade book everywhere you go… or if Apple has its way, you could ju...
(PDF) Mckinsey - E-Commerce is Entering a New Phase in Southeast Asia
[Business]
2023/01/03 09:09
Changing consumer and merchant habits are creating opportunities for logistics companies—if they can cater to new needs and meet more exacting standards.While growth of Southeast Asia’s e-commerce market has accelerated since the mid-2010s, the COVID-19 pandemic has propelled it into an new phase. From 2016 to 2021, the total value of e-commerce sales grew fivefold, or 40 percent, annually. A...
(Paper) Chat GPT Passes Part of The Bar Exam
[Tech]
2023/01/03 09:08
Nearly all jurisdictions in the United States require a professional license exam, commonly referred to as "the Bar Exam," as a precondition for law practice. To even sit for the exam, most jurisdictions require that an applicant completes at least seven years of post-secondary education, including three years at an accredited law school. In addition, most test-takers also undergo weeks to mont...
Tesla Stock : A Look at a Very Bad 2022 for Elon Musk’s EV Company
[Investing]
2023/01/03 09:07
After a tumultuous year in which its CEO, Elon Musk, acquired Twitter, electric vehicle company Tesla (TSLA) is looking forward to the end of 2022.The stock has had its worst annual performance this year, shedding nearly 70% of its value. Analysts on Wall Street have attributed much of the downfall to Musk's volatile behavior.A promising start to the yearThroughout the pandemic, Tesla shares bo...
QuickVid Uses AI to Generate Short-Form Videos, Complete with Voiceovers
[Business]
2023/01/03 09:06
It's a demonstration of what's possible with today's AI -- and the outstanding challenges.Generative AI is coming for videos. A new website, QuickVid, combines several generative AI systems into a single tool for automatically creating short-form YouTube, Instagram, TikTok and Snapchat videos.Given as little as a single word, QuickVid chooses a background video from a library, writes a script a...
Why 2023 Could be The Best -- and Worst -- Year for VCs in Asia
[Investing]
2023/01/03 09:05
2022 turned out to be a chaotic year for the world's venture investors as war, political tensions and inflation crimped deal flows, stymied fundraising and delayed public listings. Asia, long a prime target for venture investment, has not been immune.After a bruising year, analysts and investors predict 2023 will offer more opportunities in the region, though shaking off the challenges of last...
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