Theranos is closing down its last remaining blood-testing facility after the lab reportedly failed a regulatory inspection, according to a Wall Street Journal report. The company, once valued at $9 billion, is shifting its focus to a portable ‘lab on chip’ virus-detection box after its blood-testing business, once labelled revolutionary, came under repeated fire for unreliable […]
Just a day after it opened an augmented reality lab, China’s internet giant Baidu has beefed up on its AI talent after it announced the hiring of former Microsoft executive Qi Lu as group president and COO. Baidu is best known for its search engine, which dominates in China, but over the past two years it […]
Sameer Al-Sakran Crunch Network Contributor Sameer Al-Sakran is the founder and CEO of Metabase, an open source business intelligence company. More posts by this contributor: How to join the network Well, 2016 is officially in the past. Between the election drama, the stock markets tossing and turning, celebrities moving on and Harambe, it was a […]
Recent issues around machine learning biases and ethics make it clear that math and data can only take us so far. The recent fake news debacle and the efforts of some top researchers in natural language processing to address it show that sometimes even just defining the problem you’re trying to solve is the hardest […]
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Aiming for the stars and not quite making it, the ambitious App.net has finally officially shut down. Its timely rise and fall comes as highly symbolic as its once rival, Twitter, continues to struggle, years later, with monetization, content management and harassment. Today’s announcement of its closure isn’t hugely surprisingly since App.net had been in “maintenance mode” since […]
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Fitbit acquires the Vector smartwatch, Marissa Mayer is resigning from Yahoo, Apple plans to consolidate server construction, Consumer Reports settles its differences with Apple and Ellen Pao joins Kapor Capital. All this on Crunch Report. Read More Source link
Atlassian buys Trello for $425 million, Uber debuts Movements to monitor traffic data, Netflix and Amazon get a couple of Golden Globes, Amazon buys harvest.ai and the CES Hardware Battlefield winner is Siren Care. All this on Crunch Report. Read More Source link
You see it on TechCrunch all the time: company X raised $X million at $X valuation. But if you don’t work in venture capital or finance, you might not know what all this means. So, we’ll break it down for you. Why are startups getting the money? Investors are giving the startup money in exchange for […]