In: Tech News
The sale of Intel’s VC unit could trigger another avalanche in startup valuations (INTC)March 12, 2016
Intel is shopping around its in-house venture-capital business, according to a Bloomberg report.
The move to sell part of Intel Capital, which comes two months after the retirement of the group's president, is an abrupt change of plans at the world's largest chip maker. Intel has been one of the most aggressive corporate investors in up-and-coming startups for the past 25 years.
The move could cause reverberations across the tech landscape that extend far beyond Intel.
It would be selling its investments in startup companies. In 2015 alone, Intel Capital invested $514 million in 143 companies focused on everything from security software to wearable devices.
Intel is obviously aware of the markdowns in valuations that Fidelity and other big mutual funds have recently made to their tech-startup holdings. Those markdowns may have convinced Intel that now is a good time to cash out some of its own tech-startup investments.
Mark to market
By selling its portfolio, Intel will ..
This gadget from Amazon’s new movie is crazy, but something like it could exist sooner than you thinkMarch 12, 2016
Google had just launched its ill-fated Glass headset when Benjamin Dickinson started writing the script for “Creative Control,” his film about a new augmented-reality device, in 2012. Amazon Studios, the e-commerce giant's content arm, bought the rights to the movie last fall.
The gadget in the film, called Augmenta, is a lot more futuristic than Glass. When Dickinson and his friend, Jake Lodwick, the cofounder of Vimeo, were inventing the product, they tried to create something way beyond the state of the market back then.
Although virtual reality headsets from Oculus and HTC will ship this year, augmented reality products are still in earlier stages. With virtual reality, you strap something on your face and feel like you're entering a different world. Augmented reality is where computer-generated images look like they're superimposed on the real world.
Four years after writing, Dickinson tells Business Insider that he's surprised by how close startups like Mag..Read More
How subscription video on-demand services like Netflix are contributing to the demise of pay-TVMarch 12, 2016
The way viewers are watching TV is rapidly evolving.
Every year, more viewers are ditching their expensive pay-TV subscriptions and opting instead for subscription video on-demand (SVOD) services like Netflix, Hulu, and Amazon Video, as well as premium services from HBO and Showtime. Rising demand for SVOD services, which allow viewers to stream the programming they want anywhere, has led many to question what the future of video entertainment looks like — and whether traditional pay-TV has a place.
In a new report from BI Intelligence, we examine how the growth of SVOD services is coming at the expense of the pay-TV industry. We analyze the state of the pay-TV industry and map out which demographics are more likely to stop buying traditional TV packages. We also discuss the user base, original content offerings, and subscription models of the major subscription streaming services available today, including Netflix, Hulu, and Amazon Video. Finally, we look at how traditional pay-TV..Read More
Google’s self-driving car hit a bus, but it’s also learned to dodge streakers and people chasing ducks (GOOG, GOOGL)March 12, 2016
It was a “tough day” for Chris Urmson, Google's self-driving car director, when his prototype vehicle collided with a bus last month while cruising along at 2 mph in Mountain View, California.
The slow-motion accident, after all, involved a bus, which is a lot more common on roads than some of the other things that Google's robo-car has been trained to deal with.
In a presentation at the South by Southwest conference on Friday, Urmson recapped everything the car has learned to dodge:
A woman riding in an electronic wheelchair and chasing a duck with a broom
A streaker running in front of the car
A group of people playing “Frogger” and leap-frogging through a crowded intersection
A pedestrian jumping and rolling over its hood
A cyclist coming in the wrong direction over a curb
Three cars in Austin driving the wrong way
His team even taught the car to avoid “snailing,” an internet phenomenon where people lie face down and try to crawl like a snail across the street. This on..Read More
The 5 best new songs you can stream right nowMarch 12, 2016
Now that music comes out on the weekend, and not always on every streaming service, it can be hard to know where to find the next great song. So Business Insider is helping you with this rundown of the best of what's new in the music world that you can listen to right now.
Gwen Stefani – “Misery”
The “No Doubt” singer's long-in-the-works upcoming solo album has had many false starts, with singles that have failed to catch on. But at the very least, the guitar riff and snappy percussion on this one will cause a few die-hards to keep “repeat” turned on.
Jake Owen – “American Country Love Song”
It's warm outside, and this song is perfect for the good weather. It's one that you envision yourself listening to when driving with the windows down. Get ready, summer is right around the corner.
Bat for Lashes..Read More