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Xiaomi secures 1B loan to expand its international presence and offline retail footprint

Chinese smartphone maker Xiaomi has secured a 1 billion loan in order to develop its international focus and build out its offline sales presence. The company revealed today that it has secured a three-yearsyndicated loan agreement from 18 banks acrossEurope, Middle East, India, China, Hong Kong and Taiwan. Deutsche Bank and Morgan Stanley servedas joint global coordinator, with Bank Read More

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SpaceX‘s very first Falcon Heavy launch set for this November

Falcon Heavy, the high-capacity rocket created by SpaceX designed for bringing very large loads to orbit and beyond, will get its first launch this coming November, according to SpaceX founder and CEO Elon Musk. Musk shared the news on Instagram on Thursday, posting an image of a concept depiction of the rocket‘s launch alongside the target date. The Falcon Heavy uses the combined power Read More

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Crunch Report | Jeff Bezos Becomes World‘s Richest Person*

Jeff Bezos becomes the richest man on earth, CEO of Kickstarter is looking to step down this year, Apple is discontinuing the iPod Shuffle and Nano and Cristiano Ronaldo is getting more involved in tech. All this on Crunch Report. Read More

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Meg Whitman says she‘s not going to Uber

Hewlett Packard Enterprise CEO Meg Whitman wants everyone to know that‘snotgoing to Uber. Bloomberg and Recode had reported that she was on the short list for the CEO spot, but she took to Twitter to make it clear that it‘s not happening. In a three-part tweet, she concluded that the rumors have become a distraction, so she wants everyone to know Read More

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AltspaceVR social app is shutting down

Social VR app AltspaceVR is shutting down its main service after running out of cash. The app was one of the first VR social experiences to gain traction and was available across a variety of platforms. In a blog post titled A Very Sad Goodbye, the company detailed that the social VR community will be shutting down next week in a move that it described as surprising Read More

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Mattress startup Purple merges with NY shell company in 1.1 billion deal

Purple, a Utah-based mattress startup announcedtoday it will merge withGlobal Partner Acquisition Corp (GPAC) in a deal that would value the company at 1.1 billion. Purple was already well on its way to that valuation when we got to take a sneak peek at operations at the company‘s headquarters in the small town of Alpine, Utah and its giant factory an hour away in rural Grantsville Read More

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Redfin real estate site prices IPO at 15, valuing company at 1.2 billion

Redfin, the real estate site based in Seattle, has finally raised its IPO. Founded in 2004, this was 13 years in the making. Despite an ugly patent lawsuit from a former co-founder over one of Redfin‘s pending patent applications one filed just this Monday the company priced above the 12 to 14 range, at 15 per share, a number that values the company at 1.2 billion. Read More

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Facebook‘s Instant Articles restore subscription options they previously stripped

Facebook has announced that news sites which rely on paid subscriptions, limiting readers to a certain number of articles per week, will now be able to do so through Instant Articles. The company has spent the last two years promoting these Facebook-hosted versions of articles, which unfortunately lacked this rather critical ability. Google‘s AMP and Apple News have supported it for a while. Read More

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i.am+ buys Wink, the smart home hub previously owned by Flextronics and Quirky

Wink the smart home hub and platform originally incubated inside the failed connected object maker Quirky, and then acquired by Flextronics(now known as Flex) as part-payment for Quirky‘s debts has moved on to its third owner. i.am+, the lifestyle technology company owned by musician and entrepreneur Will.i.am, has acquired the company for an Read More

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i.am+ buys Wink, the smart home hub previously owned by Flextronics and Qwirky

Wink the smart home hub and platform originally incubated inside the failed connected object maker Qwirky, and then acquired by Flextronics(now known as Flex) as part-payment for Qwirky‘s debts has moved on to its third owner. i.am+, the lifestyle technology company owned by musician and entrepreneur Will.i.am, has acquired the company for an Read More

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i.am+ buys Wink, the smart home hub previously owned by Flextronics

Wink the smart home hub and platform originally incubated inside the now-defunct Qwirky, and then acquired by Flextronics(now known as Flex) is now moving on to its third owner. i.am+, the lifestyle technology company owned by musician and entrepreneur Will.i.am, has acquired the company for an undisclosed sum. The news was sent out in a memo to Wink users Read More

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Dropbox is reportedly inching closer to a potential IPO

Dropbox may be taking another step in itsvery slow shuffle toward an IPO, and is now working with Goldman Sachs to prepare documents that could be filed as soon as this year, according to a report by Bloomberg. The company is expected to hire Goldman Sachs as the lead advisor of the IPO process, according to the report. Getting another coveted lead left on the Dropbox IPO would Read More

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Amazon launches ‘The Hub‘, parcel delivery lockers for apartment buildings

Amazon may be getting ever deeper into a range of virtual products like media content and cloud services, but it is also continuing to add more features to lock down the bread and butter of its business: its e-commerce marketplace and the vast logistics operation that underpins it. Today, Amazon quietly unveiled a new service called The Hub, lockers designed to be installed in multi-tenant Read More

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Google‘s cord cutter app YouTube TV reaches 2 million downloads

Approximately 2 million people have installed the YouTube TV app, Google‘s live TV service aimed at a younger generation of cord cutters, as well as those who never signed up for traditional pay TV in the first place. That download figure comes from app store analytics firms Sensor Tower and App Annie, which both also noted that installs are evenly split between iOS and Android devices. Read More

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Jeff Bezos‘ brief stint as world‘s richest human ends with Amazon‘s second-quarter whiff

Amazon reported its earnings today, wherein a whiff in earnings sent the stock down around 3 percent and brought CEO Jeff Bezos back to reality as the, once again, second-richest human in the known solar system. In all seriousness though, the company appears to once again be squeezing out a very small profit on top of its mammoth retail operations. Read More

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The evolution of the iPod

Earlier today, Apple announced that it‘s finally discontinuing the iPod nano and shuffle once and for all, making the touch the last iPod standing. Four years after the end of the iPod classic, it‘s no surprise that the company would sunset its contemporaries, but it‘s still a bittersweet moment nonetheless. The death of the two products marks the end of an era that began Read More

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When your fear is my opportunity

Politicians scare you to stay in office. Police forces scare you to get worshipful adulation and military equipment. And the information security industry scares you to get more money, power, and influence. I‘m not saying the people around me here at Black Hat are malicious, or that the threats aren‘t real (although some certainly seem to be FUD.) I‘m saying that the Read More

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It looks like Amazon would be losing a lot of money if not for AWS

Amazon reported its second-quarter earnings today, and it was a bit of a whiff and a bummer for Jeff Bezos, who is now no longer the Solar System‘s richest human and has been relegated to the unfortunate position of second-richest human. The company‘s earnings came in lighter than Wall Street expected. But Amazon‘s cloud server farms, AWS, once again appear to be Read More

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High Times weed magazine goes public but ditches IPO

IPO? How about HighPO? The 43-year-old marijuana media brand High Times has found a shortcut to going public: It sold itself to an already-public shell company, of which High Times share holders then got an 83% stake. After private equity firm Oreva Capital bought a controlling stake in the publisher last month, they went and sold High Times to an already-public special purpose acquisition Read More

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Jeff Bezos‘ brief stint as world‘s richest human ends with Amazon‘s second quarter whiff

Amazon reported its earnings today, wherein a whiff in earnings sent the stock down around 3% and brought CEO Jeff Bezos back to reality as the, once again, second richest human in the known Solar System. In all seriousness though, this is a big quarter for Amazon as it looks to close out its 13.7 billion bid for Whole Foods. The company appears to once again be squeezing out a very small Read More

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Intel beats earnings expectations as it manages to maintain growth in its Data Center Group

Intel declared 14.8 billion in revenue this afternoon and earnings per share of 72 cents. This represents a solid beat as analysts had expected revenues of 14.41 billion and EPS of 68 cents. Intel stock finished up 22 cents and 0.63 percent to 34.97 per share in regular trading. In the moments after the company released its earnings, Intel‘s stock shot up 3.43 percent. It is Read More

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Someone made the ‘Take On Me‘ music video come to life with AR and it‘s glorious

Pack it on up, everyone someone just won ARKit. We‘ve seen loooots of fun stuff made with ARKit already, but this one this one is something special. Back in 1984, A-Ha released Take On Me a painfully catchy song that would go on to be covered by every band until the end of time (sometimes, I‘d argue, better than the original) They released an Read More

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The AR thirst is real, please @ me

Game developer Chip Sineni of TRIXI studios created this clever AR experiment based on A-Ha‘s seminal video for Take On Me. It is pretty fun. I have been talking to a lot of people about AR over the past few months and there is a definable excitement around it. I‘m bullish as hell about AR, which I‘ve covered before. I even wrote in 2013 about when and why this was coming Read More

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Timekettle‘s WT2 real-time translation earpieces enable ordinary conversation across language barriers

At TechCrunch‘s event in Shenzhen last month, we had a chance to test out the WT2, a clever and ambitious device from startup TimeKettle. It‘s a pair of wireless earpieces; each person in a multilingual conversation wears one, and they translate what‘s said into the language spoken by each participant. Essentially it‘s a Babel fish, though admittedly a rough draft of one. Read More

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