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Report: Apple mulling $1B deal for Intel modem business

Technology News - Mon, 07/22/2019 - 19:56
Chip giant Intel Corp. is reportedly back in talks to sell its smartphone modem business to Apple Inc., according to the Wall Street Journal. Citing unnamed sources the paper said the deal includes intellectual property as well as staff and could be $1 billion or more. Santa Clara-based Intel has been looking for a buyer for its smartphone modem business since at least April when the company said it would exit the smartphone modem business. At the time it said it would meet obligations for 4G modems…

Exclusive: Oakland startup Mynd buys real estate company

Technology News - Mon, 07/22/2019 - 19:12
Oakland-based Mynd Property Management bought HomeUnion so its clients could invest more easily in the nation's most-promising rental markets.

Oregon to receive $2.8M from Equifax settlement

Technology News - Mon, 07/22/2019 - 17:50
On Monday, Oregon Attorney General Ellen Rosenblum announced that Oregon will receive $2.8 million from a nationwide settlement reached with Equifax, the consumer reporting company that experienced a massive data breach and exposed the private information of more than 147 million people in 2017.   Oregon residents affected by the breach will be eligible to apply for restitution. Affected consumers will also be eligible for up to 10 years of free credit monitoring services.  The settlement,…

Elon Musk’s AI organization lands $1B Microsoft investment

Technology News - Mon, 07/22/2019 - 17:42
Microsoft struck a $1 billion agreement with OpenAI to build a computational cloud platform in a move to broaden the reach of AI technologies. OpenAI and Microsoft will build a computational platform on the Redmond company's cloud Azure. Under this partnership, OpenAI will port its services to operate on Azure and then develop AI technologies that focus on creating general artificial intelligence that could be put to wider use. The stakes are large. Currently, AI is being used to handle specific…

Report: Apple mulling $1B deal for Intel modem business

Technology News - Mon, 07/22/2019 - 17:40
Chip giant IntelCorp. is reportedly back in talks to sell its smartphone modem business to Apple Inc., according to the Wall Street Journal. Citing unnamed sources the paper said the deal includes intellectual property as well as staff and could be $1 billion or more. Intel has been looking for a buyer for its smartphone modem business since at least April when the company said it would exit the smartphone modem business. At the time it said it would meet obligations for 4G modems but would not…

Thousands head to Mauna Kea over the weekend as TMT protests continue

Technology News - Mon, 07/22/2019 - 17:30
The number of protesters that have converged near Mauna Kea Access Road in opposition to the $1.4 billion Thirty Meter Telescope project swelled to 2,000 over the weekend, according to officials. While no arrests or injuries have been reported since Wednesday, officials have installed electronic message boards at the intersection of Daniel K. Inouye Highway and Mauna Kea Access Road in efforts to warn oncoming vehicles of heavy pedestrian traffic near the site. The weekend crowd has since thinned…

Atlanta businessman reflects on his role in Apollo 11 mission

Technology News - Mon, 07/22/2019 - 17:26
During a decade of massive world changes, 22-year-old airman Jerry Ward took part in arguably the biggest event of the timespan ⁠— the famous Apollo 11 mission. Fifty years later, the now veteran Atlanta businessman looks back at his role in helping the first human beings to land on the moon. Millions of television viewers had high anticipation before mankind first stepped foot on the moon on July 20, 1969. Ward, co-owner and vice president of operations of local manufacturing company Metcam,…

Downtown streetcar 'smart kiosks' plan attracts four competing proposals

Technology News - Mon, 07/22/2019 - 16:54
Four companies are competing to build new smart kiosks along Milwaukee’s streetcar system in a city effort partially intended to generate more advertising money to pay for the system’s operations. Those kiosks would stand at streetcar stations with screens displaying arrival times and route info, transit maps and advertisements. The terminals are to be installed and running at stations on the streetcar’s M-Line route through downtown by the end of February 2020, according to the city’s request…

40 Under 40 Awards: Google's Javier González works on public policy

Technology News - Mon, 07/22/2019 - 16:14
Google's Javier Gonzalez grew up not far from Diridon Station. Now he's helping his company reshape the area.

40 Under 40 Awards: IBM's Jeannette Garcia tackles really big chemistry ideas

Technology News - Mon, 07/22/2019 - 16:14
Jeannette Garcia, who works at IBM's Almaden facility, did not discover a love for chemistry until her undergraduate years.

LifeBridge Health treating thousands of patients remotely with new 'virtual hospital'

Technology News - Mon, 07/22/2019 - 14:16
LifeBridge Health has launched a new "virtual hospital" concept that allows medical staff to evaluate patients remotely, and either treat them on the spot or send them to an E.R. Located at LifeBridge's Sinai Hospital in Baltimore, the virtual hospital is led by Dr. Jonathan Thierman, an emergency medicine physician and the health system's chief medical information officer. A clinical command center has been set up in the hospital, and telemedicine services and international clinical call centers…

The Funded: Two massive fundings and price targets on IPOs top news at start of week

Technology News - Mon, 07/22/2019 - 14:14
Two massive funding deals and new price targets on a pair of upcoming IPOs top Bay Area venture news at the start of the week. Here are the details: OpenAI, San Francisco, $1 billion: Microsoft Corp. announced on Monday it will invest this huge sum into the artificial intelligence research lab led by former Y Combinator President Sam Altman. Most of the money is expected to be spent on the computing power OpenAI needs to build to build a machine that can do anything the human brain can do. Microsoft…

Wells Fargo exec: Orlando businesses face these key growth challenges

Technology News - Mon, 07/22/2019 - 14:12
A shortage of trained workers and evolving technology are among the area's biggest challenges, when it comes to continued growth, said this local expert.

Robinhood valuation jumps to $7.6B as it raises $323M in new funding

Technology News - Mon, 07/22/2019 - 14:06
Free stock trading app developer Robinhood Markets Inc. disclosed $323 million in new funding on Monday at a valuation of $7.6 billion That's about 18 percent higher than the Menlo Park unicorn was figured to be worth in its last funding round in May 2018. The Series E funding was led by Hong Kong-based DST Global (the venture firm founded by Yuri Milner, the influential influential tech entrepreneur and investor from Russia who has also backed Facebook), Airbnb, WhatsApp, Zynga and Twitter. Ribbit…

Congress members urge Trump not to intervene in Pentagon's $10B cloud contract

Technology News - Mon, 07/22/2019 - 13:59
Four GOP congress members are urging President Donald Trump not to intervene in the procurement of the Pentagon’s $10 billion cloud-computing contract, according to Reuters. “We believe that it is essential for our national security to move forward as quickly as possible with the award and implementation of this contract,” said a letter from Reps. Mac Thornberry, R-Texas; Michael Turner, R-Ohio; Elise Stefanik, R-N.Y.; and Robert Wittman, R-Va., according to the report. Thornberry is a…

Elon Musk’s S.F. AI organization lands $1 billion Microsoft investment

Technology News - Mon, 07/22/2019 - 13:57
Microsoft struck a multi-year $1 billion agreement with San Francisco-based OpenAI, in which the parties will build a computational platform on Microsoft’s cloud in a move to broaden the reach of AI technologies. As part of the partnership, OpenAI and Microsoft will build a computational platform on the Redmond giant’s cloud Azure. Under this exclusive cloud partnership, OpenAI will port its services to operate on Azure and then develop new AI technologies that focus on creating general artificial…

Google pays out to settle another age discrimination lawsuit

Technology News - Mon, 07/22/2019 - 13:52
Google Inc. is paying $11 million to settle a class-action lawsuit claiming the Mountain View, California-based search giant systematically favors younger applicants over older people, Bloomberg reports. The lawsuit was spearheaded by Cheryl Fillekes, a computer programmer who claims Alphabet Inc.-owned Google invited her to in-person technical interviews four times between 2007 and 2014, but never hired her, because she was over 40. A total of 227 older software and computer engineers joined the…

Air Force awards Georgia Tech Research Institute contract worth potentially $500M

Technology News - Mon, 07/22/2019 - 13:38
The United States Air Force has awarded Georgia Tech Applied Research Corp. a $245.9 million contract for electronic warfare and avionics systems support.  The contract provides for essential engineering, research and development capabilities and services for the development and sustainment of systems, according to the Department of Defense. Work will be performed at Atlanta, Georgia, and is expected to be completed by July 8, 2029. The indefinite delivery, indefinite quantity contract has a total…

Robinhood valuation jumps to $7.6B as it raises $323M in new funding

Technology News - Mon, 07/22/2019 - 13:36
Free stock trading app developer Robinhood Markets Inc. disclosed $323 million in new funding on Monday at a valuation of $7.6 billion That's about 18 percent higher than the Menlo Park unicorn was figured to be worth in its last funding round in May 2018. The Series E funding was led by Hong Kong-based DST Global (the venture firm founded by Yuri Milner, the influential influential tech entrepreneur and investor from Russia who has also backed Facebook), Airbnb, WhatsApp, Zynga and Twitter. Ribbit…

Pittsburgh Technology Council announces mission to the U.K.

Technology News - Mon, 07/22/2019 - 13:35
The Pittsburgh Technology Council is partnering with the United Kingdom's Department for International Trade as well as British Airways to offer a trip to the U.K. for up to 10 Pittsburgh-area tech startups. The trip, which will last five days and visit the cities of London, Bristol, Manchester and Cardiff, is seeking startup companies that are interested in expanding internationally and learning more about getting into the European and British marketplace. Ideal applicants, the Tech Council said,…

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