VENTURE CAPITAL POST

Switzerland became one of the world’s first countries to mandate making its government website softwares to become open source with the implementation of the Federal Law on the Use of Electronic Measures for the Fulfillment of Government Tasks.

Computer scientist, futurist, and artificial intelligence advocate Ray Kurzweil is optimistic that he will become one with the 'Singularity’ by his eventual death.

CDK Global said that it would likely take several days to fix its system after it was hacked last week, urging affected dealerships to use alternative methods to become more productive.

The growth for good is a part of growing social investment moovement in the U.K and was founded by Martin Leuw.

Aiming to sustain its industrial software business and respond to the pace considering the developments in the manufacturing technology, Siemens, one of the largest German engineering company, will enter into a deal to buy Mentor Graphics (MENT.O) for $4.5 billion.

Alipay is working on a plan to launch services in Europe this summer. The service will make it easier Chinese tourists to make transactions with European merchants using the app.

The world’s first fully autonomous taxis might be hitting the streets of Singapore earlier than other cities. An MIT-supported startup is dedicated to develop a technology to achieve that, and is now seeking for approval for pilot program.

General Motors is moving forward to compete in the autonomous car markets. The giant automaker has acquired a driverless cars software maker, Cruise Automation, for reportedly more than $1 billion.

The first case of ransomware malware in Apple’s OS X was reported last week, via an infected BitTorrent client app, Transmission. Both Transmission and Apple has responded to that threat and prevent further infections.

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.

Virgin Pulse acquires two competitors to extend its corporate well-being program. The company mainly focuses on the wellness of empoyees to make them live a better lifestyle and be more productive at work. The merger will expand the company's business through global reach and product synergy.

The latest quarterly survey of Fenwick & West LLP found most Silicon Valley companies that raised venture funding in the fourth quarter of 2015 softened.

Samsung has revealed the price of Samsung Galaxy S7 and S7 Edge in Australia as A$1,149 and A$1,249 respectively. Both phones will be available on March 11 and offers pre-sale order on February 26.

Apple CEO Tim Cook made an official statement appealing the court order to provide assistance breaking into an iPhone owned by one of San Bernardino mass shooter. Cook argued that helping law enforcements creating a backdoor to bypass the device’s security is something the company cannot and will not do in order to protect its customers from a greater danger.

Switzerland receives about 1000 emergency calls from hikers every year. In order to create a technology that could give a faster response and search more effectively for lost or injured hikers, a group of researchers developed a software with a combination of Artificial Intelligence. The software enable drones to autonomously navigate forest areas and direct themselves to hiking trails.