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Spotify Raises $526 Million in Face Off with Apple

To counter Apple Inc's new Apple Music subscription service, Spotify, the current leader in the music-streaming business organised a new round of funding from investors on Tuesday. Spotify market value rose to $8.53 billion after collecting $526 million from the latest round of funding from a wide range of global investors

Jun 12, 2015 9:21 AM EDT

Markets

BMW's new 7 Series is the luxury car of the future, here today

German automaker BMW on Wednesday unveiled its latest version of its 7 Series at its global headquarters in Munich. The BMW 7 Series is top of the line luxury sedan and it is a status symbol, especially in European countries.

News

Brit+Co is first beneficiary of Intel Capital's $125 million diversity fund

Brit+Co confirmed the company raised $20 million from Intel Capital, and as its first acquisition brought user-generated DIY app Snapguide to add more media to its platform.

Intel Capital allocates $125 million to fund firms with women and minorities in top roles

Intel Capital, the venture capital arm of the global chip maker- Intel Corp., on Tuesday announced to allocate $125 million fund to back companies with women and minorities in leadership roles. This comes after its pledge in January to spend $300 million over the next five years to promote diversity in the company.

Metal performance for Apple's desktop OS - X 10.11: EI Capitan

Among the slew of product and services launched at Worldwide Developer Conference, Apple also introduced its latest version of desktop operating system- OS X 10.11 EI Capitan.

Jun 11, 2015 9:47 AM EDT

Twitter follows you and the apps you've downloaded for better ad targetting

Twitter on Wednesday unveiled a new tool called "installed app category targeting", which gives advertisers an edge when it comes to catering ads to users on the micro-blogging site. With the new feature, marketers can target their ads to Twitter users based on the category of the app and how recently the app was downloaded onto your phones.

Jun 11, 2015 9:27 AM EDT

Facebook’s Messenger Gets Its First Game

Facebook's Messenger is expanding it chat platform to game developers. And it begins with Doodle Draw. The game is simple: it suggests a word, and you draw it and share it publicly or privately amongst friends on Facebook or Messenger.

Jun 11, 2015 1:10 AM EDT

New Xbox One Matte Black Console Offers 1TB Of Storage

Microsoft corp will be showing off its latest offerings at the Xbox E3 show next week. But even before the show starts, the company yesterday unveiled Xbox One console, with a new matte finish and 1TB of on-board storage space.

Jun 11, 2015 12:54 AM EDT

eBay brings its online marketplace to Apple Watch

Ecommerce giant eBay sees smartwatches becoming an integral part of our everyday lives, which is why its has come out with Apple Watch app that will provide users quick access to its online market.

Jun 11, 2015 12:31 AM EDT

Facebook Messenger hits 1 billion downloads on Android

Facebook Messenger app has surpassed the 1 billion download mark via Google Play store. Google apps are the only other apps to surpass this mark.

Jun 11, 2015 12:19 AM EDT

BigCommerce Hires Former Paypal Europe CEO

Bigcommerce recently announced the appointment of Brent Bellm as its new CEO. Bellm used to be Paypal's CEO for Europe and formerly Homeway's COO as well.

Jun 11, 2015 12:02 AM EDT

Sony aims for more clients, 20 percent sales growth in image sensors

Sony wants to expand its market for image sensors beyond Apple, Samsung and others smartphone brands. Sony is aiming at a 20 percent growth in image sensors.

Jun 10, 2015 11:15 PM EDT

Apple introduces iOS 9; to excite users and takes on Android, Google Now and others

Apple introduced its latest version of its operating system- the iOS 9. This version will come into iPhone and iPad this fall.

Jun 10, 2015 10:55 PM EDT

Apple launches streaming service Apple Music and Radio stations

In a bid to re-enter the already crowded market it once dominates, Apple unveiled its much-awaited online music service on Monday to regain its leadeship in digital music industry.

Jun 10, 2015 4:49 AM EDT

New Xprize contest to give out $7 million for mobile apps promoting adult literacy

The new Xprize challenge will award $7 million for mobile apps developers who can best address adult literacy concerns. The competition is jointly presented by the Barbara Bush Foundation and the Dollar General Literacy Foundation.

Jun 10, 2015 4:44 AM EDT

Electroloom spins clothing from liquid; A 3D printer for fabric

HAX-alumnus Electroloom is doing this right now; it is building a 3D printer for fabrics. The company's 3D printer is creating clothes without seams by spraying liquid containing a polyester and cotton blend on to molds.

Jun 10, 2015 1:56 AM EDT