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Amazon is Planning to Spend Over $3 Billion on Audio and Video Content

Amazon will spend more than $3 billion for Amazon Prime music and video content. With a 54 million members in the U.S., Amazon Prime wants to increase customers spending to boost its revenue following a downtrend.


Survey Revealed VR Has Become More Attractive to Game Developers

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.

Many firms eventually pay Amazon tax as they rely on cloud computing unit

Many venture capitalists like Chamath Palihapitiya prefer to park their funds in Amazon as the online retailer is forecast to grow over a decade. The reason is that it's not because of e-Commerce operations, but its cloud computing unit Amazon Web Services (AWS). Many companies will eventually pay a fixed fee to Amazon as they increasingly rely on cloud computing services to run their services.

Finance Tech Company Bluevine Completed Its Series C Funding

BlueVine the fintech startup company completed its $40 million in Series C funding last Wednesday. The investment was led by Menlo Ventures and other participants.


Latest News

Airport ride-hailing service Wingz closed its Series B funding with $11 million on Monday. Expedia led the funding with participants from ltimeter Capital and Marc Benioff, CEO of Salesforce.com.
Takata Corp is reportedly planning to meet its major clients in order to discuss its business forecasts. The US transport authorities announced a fresh recall of about 5 million vehicles subsequent to the recent death caused by the Japanese firm's airbag inflators.
The Boston Globe has endorsed Hillary Clinton in the Democratic presidential nomination. The newspaper praises Mrs. Clinton for her concern in the gun control and immigration issues. This endorsement is one of the other two endorsements she has obtained earlier.
HMRC has been conducting multiyear investigation to unearth Google’s tax dodging events. Though denied earlier, a Google spokesperson has narrated a deal with the Britain’s tax authority to pay taxes of £130 million due for over a decade. The deal is significant since many countries around the globe are conducting scrutiny to ascertain dodged tax amounts of Google and other multinationals. Investigations in accordance with OECD guidelines may also help France to establish its claim for $1 billion as unpaid taxes.
Teegan, a baby girl has born in August with a half heart and single lung in a Minnesota hospital. The baby has showed strength of her life through remaining alive after 2 months diminishing doctors’ predictions which prompted her parents to contact Dr Remond Burke, chief of cardiovascular surgery at the Miami hospital. He and a team of 30 doctors and nurses have conducted a 7 hour long surgery through 3D image generated by Google Cardboard. The baby is safe after four weeks and now hopes to go home after next two weeks.
A bitcoin startup Digital Asset Holdings has received funding from major banks. It will work closely with investors on research and commercialization of bitcoin technology applications. Digital Asset said that it has raised over $50 million funding from 13 investors. The list of investors includes JPMorgan Chase & Com, Citigroup Inc, BNP Paribas SA, CME Group Inc and Accenture Plc.
The Federal Reserve Bank have found a new partner in its struggle to confirm interest rate increase screens through the US economy. The trend of Fed borrowing billions daily to set a base under its standard policy rate has been conquered by foreign monetary authorities, Bloomberg said.
The major factors such as oil price fall, economy growth concerns and uncertainty in stock markets are keeping more pressure on mortgage rates in the US market. The average US rate on long-term mortgage dropped for three weeks in a row to 3.81 percent. The average rate on 15-year mortgages dropped to 3.10 percent from 3.19 percent.
The Onion Router (Tor) began as military intelligence research in 1995, before became a volunteer-based project in 2002. Now, the project tried to lessen dependency on U.S. government by launching a crowdfunding campaign.
Datical, an Austin-based data management company announced on Thursday of its $8 million Series B funding. The funding was led by S3 ventures with its existing investors Mercury Fund and Austin Ventures.
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