VENTURE CAPITAL POST

On Wednesday, Meta demonstrated its new augmented reality headset at TED conference in Vancouver, Canada. The new Meta 2 headset mesmerized the audience and showed to be rival for Microsoft Holo Lens.

Carl Icahn reduced his shares in Apple by $7 million, along with other big hedge funds. Meanwhile, Tiger Global Management acquire more shares in the Cupertino-based company.

Apple is replacing the Macbook USB charging cables, especially on a number of devices that were released before June 2005. These old charging cables are said to have design issues that make the laptop unable to charge appropriately.

Sky Q service is now available in the UK with its new hardware and improvements, including the Ultra HD 4K video quality. However, Sky has been perceived as an expensive cost service, therefore, it needs to assure customers that their new service deserves the price.

Venture capital (VC) funding activity seems to be heading towards pre-recessionary mark. The VC activity recorded robust growth phase for over seven years. The sluggish financial markets are discouraging VC funding and raising money.

Apple announced a recall of wall plug adapters warning the risk of electric shock. The recall applied to those adaptors used in Australia, New Zealand, Continental Europe, Korea, Argentina and Brazil.

Association of British Insurance (ABI) will lead the newly created Automated Driving Insurance Group. The group is established to discuss issues regarding driverless car.

Oculus Studio, animation studio established by Oculus VR Inc introduced Quill. The animation tool enable illustrator to draw and make animation inside a VR to enhance the film making process in 3D environment.

Virtual Reality has started to attract more developers. Game Developers Conference revealed a survey showing that more game developers are working on VR prior to the event next March.

Feeling the heat of competition in the global payments industry, American Express (AmEx) is in the process of reducing costs by $1billion by end of 2017. AmEx posted losses for the fourth quarter consecutively. The net income dropped from $1.44 billion to $873 million or 80 cents per share for the quarter. The forecast for this year disappointed investors and analysts.

Internet of Things (IoT) has appeared as an exciting new technological chapter. Inclusion of more devices to the network poses huge risks of cyber attacking. Raising awareness among the device users has become a prime concern while combating with cyber threats. Despite all precautionary efforts, war against cyber hackers will cost around $6 trillion by the next five years.

A group of students in University of Oslo set a Guinness World Record by lifting a 134.5 pounds (61 kg) payloads with drone. The drone is a multi copter drone made of eight drones chained together.

Palmer Luckey, founder of Oculus Rift company have to stand in court in a lawsuit against him. The plaintiff is Total Recall Technologies that accused the 23-year old to use its data illegally.

U.S. Department of Transportation will be allocating $4 billion for the next 10 years in self-driving car technology. Government will boost the effort in developing autonomous vehicle to increase safety innovation.

Motorola has unveiled its Moto G3 smart phone in July 2015 and now released in the market. The concept for making budget conscious smart phones has been attracted by other mobile giants including its mother concern, Lenovo. Lenovo expects to grab the budget phone market shortly with its self developed similar products.