Posts

Mojo Vision puts contact lens production ‘on hold’ as it lays off 75% of staff

 We have observed the development of Mojo Vision's augmented reality contact lenses year after year during several CESes. Of course, doing these kinds of things takes a lot of time and money, and they seem to be getting harder to find these days. The California-based company said today that work on the Mojo Lens is "decreasing," citing "significant challenges in raising capital." CEO Drew Perkins blames insurmountable obstacles, such as the bad economy and the "yet-to-be proven market potential for advanced AR products," for the company's inability to raise the funds necessary to keep the project going. Perkins writes, "We have proven that what was once considered science fiction can be developed into a technical reality, even though we haven't had the chance yet to see it ship and reach its full potential in the marketplace." We strongly believe that there will be a future market for Mojo Lens and anticipate accelerating it when the

Rocket Internet Sells Food Startups In Spain, Italy, Brazil, Mexico For $140M To Just Eat

Image
The takeout shakeout continues apace. Since going public in 2014, Rocket Internet has been trying to simplify and reorganize the tangle of e-commerce startups funded and grown by the Berlin-based incubator to make the main business more profitable. Today comes the latest move on that front. Rocket Internet is selling food takeaway operations in Spain, Italy, Brazil and Mexico to Just Eat for €125 million ($140 million) — with the admission that they are all “non-core operations that are not market-leading”, in the words of Rocket. The operations in Brazil and Mexico accounted for less than 5% of foodpanda’s revenues in 2015, Rocket noted. Just Eat, based in London, competes with the likes of Delivery Hero and others in online food ordering and delivery services. It went public in 2014 at a $2.4 billion valuation and has been steadily growing, currently valued at $3.7 billion. Rocket Internet is valued at $4 billion. Its losses have been widening and the stock has been trading at

Indian man could be first recorded human fatality due to a meteorite

Image
Indian officials say a meteorite struck the campus of a private engineering college on Saturday, killing one person. If scientists confirm the explosion was due to a meteorite, it would be the first recorded human fatality due to a falling space rock. According to local reports, a bus driver was killed on Saturday when a meteorite landed in the area where he was walking, damaging the window panes of nearby buses and buildings. Three other people were injured. On Sunday, various Indian publications, including The Hindu, reported that the chief minister of Tamil Nadu, Jayalalithaa, issued a statement confirming the death: "A mishap occurred yesterday when a meteorite fell in the campus of a private engineering college in Vellore district's K Pantharappalli village." Tamil Nadu is located in southern India, and has a population of more than 70 million people. There have been no confirmed human deaths due to meteorite strikes, although there have been a number of int

UberPUPPY Is Exactly What You Think It Is

Image
Oh my god. Uber has finally done it. They’ve made my dreams come true. Uber wants you to "paws whatever you're doing," because in honor of this week’s Puppy Bowl, the company is teaming up with Animal Planet, the SF SPCA, Peninsula Humane Society, and Berkeley Humane Society to deliver on-demand puppies to your house to hang out with you for a bit. The puppy packs will be available this Wednesday, February 3 from 11am-2pm for $30 in an understandably limited supply. The “PUPPY” option will be available in the Uber app for users in the Bay Area, Los Angeles, Orange County, New York, Denver, and Washington DC. The puppies are sure to have a fun time too as the promotion is being supported by some pretty respectable animal organizations that will have helpers there to be sure everyone’s being treated well.  A post on Uber’s blog specified that if you’re selected a “puppy squad and their coaches will come by for a cuddle huddle.” The promotion is part of Uber’s lar

Apple Ordered To Pay $625M To Patent Troll In FaceTime Lawsuit

Image
Apple has been ordered to pay $625 million to notorious patent troll VirnetX after a U.S. court judged that the iPhone-maker had infringed on patents used in its iMessage and FaceTime services. VirnetX, which is commonly referred to as a troll because it makes almost of its revenue from patent licensing and lawsuits, has sued a number of tech companies over the past decade. It settled a 2014 dispute with Microsoft over patents used in Skype, pocketing $24 million in the process, and made $200 million from the Redmond-based company via a 2010 case. “The jury saw what we have been saying all along: Apple has been infringing VirnetX’s patented technology for years,” the legal firm that represents VirnetX said in a statement. Apple said it would appeal the decision. The company argued that the patents in question are not valid. “We are surprised and disappointed by the verdict and we’re going to appeal. Our employees independently designed this technology over many years, and we

Facebook Celebrates Turning 12 With “Friends Day” Videos

Image
Now Facebook has its own holiday it calls “Friends Day”. On February 4th, the social network turns 12 years old. But in typical self-less Zuckerberg fashion, Mark said “rather than having this birthday that focuses on us, we should make sure that the world focuses on what’s important”. Namely, its users. So today Facebook is sending everyone a Friends Day video card featuring photos them and their friends. Similar to its year in review videos, you can edit the clip if you want to nix anything awkward and then share it. There’s some Friends Day stickers too. Facebook’s also reminding people how close it makes everyone in the world. It’s doubled in size from 750 million to over 1.59 billion users since 2011, but its network has actually grown denser. That means the average two users are just 3.57 degrees of separation away from each other now, if you were playing that Kevin Bacon game, down from 3.74 degrees away in 2011. That might sound like a silly stat but it’s pretty remark

Microsoft Confirms SwiftKey Acquisition

Image
Microsoft today confirmed that it has acquired SwiftKey — a startup based out of London that makes keyboard apps for Android and iOS devices and is already installed and used on some 300 million devices. The terms of the deal are not being disclosed but sources close to the deal tell us it’s $250 million in cash after Microsoft beat out other interested buyers, which we’ve heard also included Apple. The deal will see Microsoft make further inroads into mobile productivity services — an area where it’s already made other acquisitions to gain ground, such as Wunderlist and Acompli. But from what we understand, SwiftKey may also become part of another Microsoft ambition. Microsoft wants to grow use of its Cortana digital assistant on Android, and by integrating Cortana into SwiftKey, some believe that it could be the gateway ramping up Cortana use without having to install a standalone app. (Cortana, incidentally, is being integrated elsewhere, too.) The news of the upcoming sale