Tuesday, November 28

USA

Read the latest news on startup companies in USA, entrepreneurs, funding, investments, tech news and successful businessman stories on Pixr8.

What Is At Stake For Uber In U.S. Bribery Probe?
21Sep By reutersNo Comments
USA

What Is At Stake For Uber In U.S. Bribery Probe?

A U.S. bribery investigation at ride-hailing company Uber Technologies Inc will likely go on for a year or more and could lead to snowballing legal and compliance costs if lawyers find systemic problems. Uber, which is the subject of a U.S. probe into whether it paid bribes oversees, has started a review of its Asia operations and notified U.S. authorities about payments made by staff to police officers in Indonesia, a person familiar with the matter has told Reuters. The following explains the possible fallout for the company. What is under investigation? Uber said in August that it was cooperating with a preliminary investigation led by the U.S. Department of Justice into whether its managers violated a 1977 anti-bribery law, known as the Foreign Corrupt Practices Act (FCPA). The...
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San Francisco Based Slack Raises $250 Mn From SoftBank Vision Fund
18Sep By PriyankaNo Comments
FUNDING, USA

San Francisco Based Slack Raises $250 Mn From SoftBank Vision Fund

San Francisco based Slack Technologies Inc. raises $250 million funding round led by SoftBank Group Corp.’s Vision Fund, valuing the startup at $5.1 billion. According to the reports, Slack will be utilising the funds for expansion in an increasingly competitive market for workplace messaging services. The Vision Fund was joined by Accel and other investors, Slack said on Sunday. Slack, which originally pitched as a dead-simple collaboration tool, is now looking to become more of a go-to for larger businesses as it faces a very competitive field with products from Microsoft and Atlassian. Slack earlier in this month reported that it has more than 6 million daily active users and has crossed around $200 million in annual recurring. ALSO READ   SoftBank Founder Masayoshi S...
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New Device Can Turn Heat Energy To Fuel
3Sep By AdityaNo Comments
USA

New Device Can Turn Heat Energy To Fuel

Scientists have developed a device that could turn the heat generated by electronics into a usable fuel source, an advance that may help save energy. The device is a multi component, multi layered composite material called a van der Waals Schottky diode, said researchers at Washington State University (WSU) in the US. It converts heat into electricity up to three times more efficiently than silicon - a semiconductor material widely used in the electronics industry, they said. "The ability of our diode to convert heat into electricity is very large compared to other bulk materials currently used in electronics," said Yi Gu, physicist at WSU. "In the future, one layer could be attached to something hot like a car exhaust or a computer motor and another to a surface at room temperatur...
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Google Forms Alliance With VMware And Pivotal In Cloud War With Amazon
30Aug By AdityaNo Comments
Tech, USA

Google Forms Alliance With VMware And Pivotal In Cloud War With Amazon

In the cloud wars, Google has teamed up with VMware and Pivotal its $2.8 billion valued spin-off against Amazon. Together they have come up with a solution called Kubernetes, a software project that started out as a way for Google to manage its massive server infrastructure and has since become a go-to tool for modern software developers . (more…)
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Was That An iPhone 8 That Tim Cook Was Carrying In His Pocket
29Aug By PriyankaNo Comments
Tech, USA

Was That An iPhone 8 That Tim Cook Was Carrying In His Pocket

People have been going crazy ever since last year to get a peek of Apple's new iPhone 8. The internet has been taken over with dummies of the iPhone 8 model and there are about a thousand videos describing about the probable specs of iPhone 8 alone. It is understood that the device is somewhere being tested in Apple's labs and very much exists. However, Apple CEO Tim Cook might be using one and he might have flaunted us a glimpse of it. Tim recently uploaded a picture of him with team members at CTS in Cincinnati, where he seemed to carry an iPhone 8 in his pocket. Besides there was no confirmation about it, people realized that the phone was too tall to be an iPhone 7 and too narrow to be a 7 Plus. "Looks like Tim Cook is carrying an iPhone 8 in his pocket. It is too tall to be an...
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Hyperloop One Makes History With World’s First Successful Hyperloop Full Systems Test
12Jul By AdityaNo Comments
News, USA

Hyperloop One Makes History With World’s First Successful Hyperloop Full Systems Test

Hyperloop One today announced the successful completion of the world's first full systems Hyperloop test in a vacuum environment. This test was Phase 1 of a multi-phase program and was privately conducted on May 12, 2017 at the company's test track, 'DevLoop' in the Nevada Desert. The vehicle coasted above the first portion of the track for 5.3 seconds using magnetic levitation and reached nearly 2Gs of acceleration, while achieving the Phase 1 target speed of 70mph. The company is now entering the next campaign of testing, which will target speeds of 250 mph. "Hyperloop One has accomplished what no one has done before by successfully testing the first full scale Hyperloop system. By achieving full vacuum, we essentially invented our own sky in a tube, as if you're flying at 200,000 feet ...
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Americans Constitute Now 50 Percent of the Wipro Workforce in US
29Jun By AdityaNo Comments
USA

Americans Constitute Now 50 Percent of the Wipro Workforce in US

Americans now constitute 50 per cent of the Wipro workforce in the US, making it the first major Indian IT company to cross the benchmark that could help it get rid of some of the punitive provisions of Congressional legislations with regard to hiring foreign workers on H-1B visas. Over the past six months, Wipro hired over 1,600 employees by attracting and nurturing local talent to drive innovation and help transform clients businesses into digital enterprises, Wipro said in a statement. "Wipro has a steadfast commitment towards local communities where we are present. We will continue to build a strong local talent pool with diverse skill sets and make strategic investments in close proximity to our clients to serve them better," said Abidali Z Neemuchwala, Wipros chief executive Of...
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Amazon’s Grocery Push Playing Catch Up With Chinese E-commerce Giants
23Jun By reutersNo Comments
CHINA, News, USA

Amazon’s Grocery Push Playing Catch Up With Chinese E-commerce Giants

As Amazon.com Inc looks to swallow U.S. grocery chain Whole Foods, China's tech giants are already digesting hefty bricks-and-mortar deals, taking the lead in the battle to transform supermarket shopping with big data and better supply chains. China's Alibaba Group Holding and JD.com Inc have invested heavily in offline retail - bricks-and-mortar stores - in recent years to complement their online offerings. With their ready-made payment and social media platforms to lure shoppers, Alibaba and JD.com have helped China become the world’s largest online grocery market, far ahead of the United States. This early lead, cemented by densely populated urban areas and cheap labor, could be key as retailers and tech firms race to boost margins on low-cost consumer goods by reinventing supp...
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