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Although U.S. businesses may be poised for massive tax reductions, most tech startups have little immediate reason to celebrate. After all, the vast majority are unprofitable. So cutting the corporate income tax rate from 35 percent to 20 percent, as Congress has opted to do, has zero effect on their near-term finances. That said, what
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The right soundtrack can make a boring video interesting. So after years of reported discussions with the record labels, Facebook is launching video editing tool Sound Collection for inserting into Facebook and Instagram clips “songs, vocals, noises, and instrumental tracks spanning genres like hip hop, pop, jazz, country, and more.” What you can’t add is any
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Robots usually react in real time: something happens, they respond. Now researchers University of California, Berkeley are working on a system that lets robots “imagine the future of their actions” so that they can interact with things they’ve never seen before. The technology is called visual foresight and it allows “robots to predict what their
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Bitcoin’s price has risen stratospherically, a fact that leaves many minor players in the market with massive gains and many bigger players millionaires. But is this a bubble? Are the gains real? And are the bitcoin whales in for a sad Christmas? First we must understand what drives bitcoin price and, in particular, this boom.
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Uber has struck a major deal in Southeast Asia after ComfortDelGro, Singapore’s largest taxi operator, announced [PDF] it has agreed to buy a majority share of the ride-hailing giant’s Singapore-based car rental business. The deal will see a joint venture valued at SG$642 million (US$474 million) established to run Uber’s Lion City Rentals subsidiary in Singapore. Comfort
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Burrow, a startup bringing a Casper-style approach to manufacturing and delivering sofas, is announcing that it has raised $4.3 million in seed funding. This might not sound like the most obvious area for a startup to tackle — unless you’ve had the experience of trying to carry a couch up a twisty flight of stairs,
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