Alphabet has acquired AIMatter, a start-up with Android and iOS apps that transform selfies using artificial intelligence. Terms weren’t disclosed. AIMatter CEO Andrei Kulik and a Google spokesperson confirmed the deal to CNBC on Wednesday. The mobile apps will remain available, the Google spokesperson said. TechCrunch first reported the news. AIMatter’s Fabby apps might not […]
Read moreColor Genomics, a start-up that sells genetic tests to assess cancer and other health risks, just raised an additional $80 million from a slew of high-profile investors. That brings its total financing to $150 million, making it one of the most well-funded health-technology companies in Silicon Valley. These investors include General Catalyst; CRV’s George Zachary, […]
Read moreAn online group formed to discuss internal Facebook issues morphed into a pro-Trump forum that attracted hundreds of company workers before CEO Mark Zuckerberg shut it down, according to a report in Business Insider. The anonymous group, called Facebook Anon, gave Facebook employees the chance to candidly complain about the company’s policies and culture, the […]
Read moreAfter President Donald Trump disbanded his strategic and manufacturing councils as top CEOs denounced his reaction to the fatal violence at a Charlottesville, Virginia, protest, Jim Cramer expected the stock market to collapse. But it didn’t. Instead, the S&P 500 Index, the Dow Jones Industrial average and the Nasdaq composite all traded upward. Equities traded […]
Read moreThe Federal Reserve’s meeting minutes published Wednesday afternoon revealed the central bank is quite divided when it comes to future interest rate increases, and one portfolio manager laid out in a interview with CNBC’s “Trading Nation” how the Fed’s upcoming hikes may begin affecting markets. “What the Federal Reserve is going to do with their […]
Read moreIn the wake of the Charlottesville Unite the Right rally, which left an activist dead and many injured, some leading tech companies are taking a stand against extremist views. Last week Friday, right-wing blogger Jason Kessler organized a rally to protest Charlottesville’s decision to remove a statue of Confederate General Robert E. Lee from a […]
Read moreFacebook CEO Mark Zuckerberg broke his silence on Wednesday after a white supremacy rally in Virginia over the weekend that resulted in one death. Zuckerberg said that while the process might not be perfect, the social media company is actively monitoring for threatening posts celebrating terrorism after the rally in Charlottesville. He also noted that […]
Read moreAfter a stellar earnings report, with a surprising 1.3 percent gain in same store sales, Target shares are up only 3 percent today, after dropping 23 percent for the year. Huh? Target not only beat expectations, it raised full-year numbers by nearly 10 percent. But the stock is up a measly 3 percent. That tells […]
Read moreCiti Research upgraded Mylan shares, saying the generic drug manufacturer is “the best positioned” after a disappointing earnings season for the industry. “While we acknowledge that the stock could be impacted by broader generic industry challenges, we see MYL as better positioned,” wrote Citi analyst Liav Abraham in Tuesday’s note to clients. “We see optionality […]
Read moreSomewhere between the 14th and 15th floors in a concrete stairwell, Bryan Salesky pauses, searching for the right words to explain his mission for the foreseeable future. He wants to give cars the eyes, ears, and brains they need to operate without humans. And he wants to do it for Ford Motor Company by 2021. […]
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