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Tesla has made a bid worth about $3 billion to buy SolarCity. Tesla chief Elon Musk told reporters that he envisions a Tesla store where customers could take care of all of their sustainable energy needs in a matter of minutes. “Five minutes, you’re done,” said Musk, who owns 22% of SolarCity and is its […]
Elon Musk wants to build robots that can handle our daily chores. Musk on Tuesday announced alongside other leaders of non-profit artificial intelligence group Open AI jointly that they are “working to enable a physical robot … to perform basic housework.” “We believe that learning algorithms can eventually be made reliable enough to create a […]
Dell is selling its software business for more than $2 billion. The software division is being acquired by Francisco Partners and the private equity arm of activist hedge fund Elliott Management. All parties have confirmed the sale but have not revealed any further details. Dell has been working hard to refocus its tech portfolio while bolstering […]
Mark Zuckerberg has joined Google in backing Andela, a two-year-old startup that trains software developers in Africa and then helps place them in full-time roles with international companies. Andela has grown quickly to 200 engineers with offices in Nairobi, Kenya, and Lagos, Nigeria. On Thursday, the startup announced a funding round of $24 million in a round […]
When Shazam cofounder Dhiraj Mukherjee started his music discovering service in the early days he gave it a 4% chance of working. Speaking at the Startup Grind Europe conference in London, Mukherjee said he calculated the figure in the company’s early days when he realizes Shazam’s complex technology had just a 25% chance of actually working. […]
Andrew Left has set his short-selling sights on Facebook. Citron Research’s short seller believes the company “is losing an extensive amount of relevancy,” According to CNBC. He believes Facebook is a good company but that it “just will not be a $330 billion company in a year,” he said in a CNBC interview. Facebook shares fell […]
Microsoft is buying LinkedIn for $26.2 billion. The tech giant announced the deal on Monday. Microsoft will pay $196 per share for the social enterprise company. LinkedIn CEO Jeff Weiner will remain CEO of the professional social network, and will report directly to Microsoft CEO Satya Nadella. The company says LinkedIn will maintain its “distinct brand, […]
Uber driver Paul English isn’t your typical ride-sharing business owner. In 2012, he sold his internet travel service Kayak to Priceline for $1.8 billion. After the sale, English realized most of his outings were with tech and nonprofit people, Inc.com explained. Wanting to expand his horizons he started driving for Uber. In his Tesla Model […]
GoPro shares surged by 7% after the company announced a new investment from energy drink company Red Bull. The extreme sports camera equipment company has watched its stock plunge by 45% this year. Its shares are still trading 90% below its all-time high since going public in 2014. Red Bull is getting GoPro stock as […]
Spotify just became much more competitive with Apple Music, dropping the cost of its family plan to $14.99 for up to six people in a household. Families can now subscribe to Spotify Premium for $14.99 per month and get six different Spotify accounts and profiles. Spotify introduced its family plan in 2014 but sold the […]
In the middle of layoffs that target thousands of current employees, IBM has also posted 20,000 current job openings. The company is in the middle of a transition from its software and services businesses to cloud-based offerings. That means firing employees who haven’t transitioned into the company’s new business while hiring workers who understand the […]
When Twitter announced in January that it was considering the removal of its 140-character limit, the company’s biggest power users said they would revolt. Now, in place of removing that character limit, the company is planning to no longer include web links or photos in the character count, according to a report by Bloomberg’s Sarah […]
