VENTURE CAPITAL POST

Oracle's third quarter profit declined as strong growth in cloud business was offset by the robust US dollar. Revenues from cloud business increased 40% to $735 million during the third quarter.

Pittsburgh’s culinary sector is growing fast as the city host more and more projects in the past few years. Cheap rent is believed to have drawn a lot of people, especially youth, to pursue their project in the city.

The emergence of blockchain ad network system provided by BitTeaser is changing the online advertising markets. With the blockchain-based system, any webmaster can now join the advertising sector regardless of the website’s traffic.

Shutterstock said its revenues for the year 2015 has increased 30% to $425.1 million. The company also announced the launch of new reverse image technology.

Top tech elites were reportedly involved in a secretive meeting to stop Republican front-runner Donald Trump. The forum was also attended by Republican leaders and other representatives from the private sector.

There is a saying "Strike while the iron is hot". That is what Silicon Valley is doing - investing big in India where the economy grows faster.

Google grants UNICEF a total of $1.5 million in its battle with Zika virus which has been declared an epidemic by WHO last month. The virus has been linked with microcephaly and neurological illness called Guillain-Barre syndrome. UNICEF and the tech giant will collaborate to map and anticipate the spread of the virus.

Google’s Digital News Initiative (DNI) program has just granted more than $30 million to selected projects in 23 European countries. It’s the first batch of the long-term $170 million project to help stimulate innovation in digital journalism.

Alphabet Executive Chairman Eric Schmidt has been appointed by the Pentagon to lead a special defense board. He will personally advise the agency on emerging tech brought familiar to him in Silicon Valley. Pentagon is reaching out to Silicon Valley as well as hackers to help improve the bureaucracy’s digital security.

A Google’s autonomous vehicle was involved in an accident with a public transit bus last month. That was the first accident ever caused by the vehicle’s software, leading Google to state its responsibility as the company aims to refine the car’s software.

Last week, Google announced to invest $30 million to news organizations in Europe. This is a part of the Digital News Initiative plan launched by the Internet giant.

GE have been trying attract tech workers since last year. In its new Oscars ad, GE mock the startups and proclaim itself as a tech company and an industrial company.

Bikes maker Palo Alto Bicycles, which Silicon Valley startups have often contacted to purchase high-end custom bikes for their employees, have confirmed a decline in sales. The declining sales are likely to be an indicator that startups are being more careful in spending money as investors got tighter in demanding profitability.

Tokopedia, a start-up founded by William Tanuwijaya, is making its presence in Indonesia with its excellent product portfolios. Experts believe that the economic growth in the nation will drive the start-ups to reach its financial stability.

It was confirmed on Monday that Israeli company Ravello was acquired by Oracle for $500 million. Ravello joins Oracle's cloud business with high hopes to take on giant tech companies like IBM, Google, Microsoft, and Amazon.