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IBM made the surprise announcement yesterday that CEO Ginni Rometty will step aside April 6. When Rometty ascended to the corner office in Jan. 2012, IBM was still shedding its image as a legacy hardware provider. Rometty refocused the company on cloud computing services and emerging technologies like AI, blockchain, and quantum computing.
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Keeping with the theme of profitability over user growth, electric scooter company, Bird, is making moves of its own.
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Despite an onslaught of scrutiny and scandal over the past few years, Facebook closed out the second decade of the millennium stronger than ever, as Axios’ Sara Fischer reports.
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Barstool Sports, the sports media site, has agreed to sell a 36% interest stake in its business to casino operator Penn National Gaming. That’s approximately $163 million in cash and convertible preferred stock. The deal would value Barstool at $450 million.
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If robots are to help out in places like hospitals and phone repair shops, they’re going to need a light touch. And what’s lighter than not touching at all? Researchers have created a gripper that uses ultrasonics to suspend an object in midair, potentially making it suitable for the most delicate tasks.
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This week two California auto companies shared their visions for the future of mobility, and it's not looking good for car lovers.
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This week we learned that Goldman Sachs sold its entire stake in Uber in the fourth quarter, according to a person with direct knowledge of the move.
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I've written about deepfakes and how scary they are for our future, but if you're unfamiliar: Deepfake (n.)—persuasive yet synthetic media generated by AI depicting a real person’s likeness.
Read MoreBose plans to close its entire retail store footprint in North America, Europe, Japan, and Australia. The company announced the decision earlier today and pointed to the fact that its headphones, speakers, and other products “are increasingly purchased through e-commerce” as the reasoning. Hundreds of employees will be laid off as a result.
Read MoreVisa agreed to buy Plaid, a San Francisco-based provider of analytics software for accessing transaction data, for $5.3 billion in cash.
Read MoreThis week the app that briefly held the top spot as "Most popular free apps on Apple's App store" turns your phone into a disposable camera.
Read MoreQuibi, the short-form mobile video content startup targeted at millenials and co-founded by Jeffrey Katzenberg and Meg Whitman, announced $400 million in new funding this week. That's on top of the $1 billion they raised in 2018 from a star-studded roster of investors.
Read MoreGlobal spending on digital games hit a record $109 billion last year, per Nielsen data cited by the Hollywood Reporter.
Read MoreGoogle says it has developed an artificial intelligence system that can detect the presence of breast cancer more accurately than doctors.
Read MoreAfter 27 years at HBO, Plepler and his new company, Eden Productions, signed a 5-year deal with Apple Inc. to make television series, documentaries and feature films exclusively for Apple TV Plus, the streaming platform that started in November.
Read MoreAs of last week, Ulta Beauty was up 1,271% over the past 10 years, while Amazon gained 1,236%. The S&P 500 has grown 189% for the same period, outperforming just eight of 26 large-cap retail index members.
Read MoreJAB Holding plans to merge Dutch coffee giant Jacobs Doue Egberts with California-based Peet’s Coffee, and then IPO the combined company in 2020.
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