Weekly Roundup: Intel buys Mobileye for $15.3B, Uber’s navigation for drivers improves

Weekly Roundup: Intel buys Mobileye for .3B, Uber’s navigation for drivers improves
 This week four people were accused of hacking at least 500 million Yahoo accounts, Spotify partnered with Waze and Intel bought computer vision company Mobileye. These are the top stories of the week, and you can also get this post as a weekly newsletter in your inbox, if you prefer. 1. The U.S. Department of Justice accused of two Russian FSB officers and two criminal hackers of… Read More


Source: Tech Crunch

LeEco said to be trying to sell its Silicon Valley property amid cash woes

LeEco said to be trying to sell its Silicon Valley property amid cash woes
 According to a new report from Reuters, LeEco is said to be seeking a buyer for the 49-acre swath in Silicon Valley set for the site of its future US headquarters. The Chinese electronics polymath highlighted its plans for EcoCity back in October, during its ambitious stateside debut, but a number of recent financial setbacks may have changed those plans.
The report cites anonymous sources… Read More


Source: Tech Crunch

Confirmed: Walmart has acquired womenswear site Modcloth

Confirmed: Walmart has acquired womenswear site Modcloth
 Some more consolidation in the world of online fashion and e-commerce. Today Walmart announced that is has acquired ModCloth, a womenswear retailer that focuses on a younger, progressive demographic and a healthier range of sizes beyond the too-often-emphasized tall, rail-thin look. Today’s news confirms reports on the acquisition from us and others earlier this week. [Earlier… Read More


Source: Tech Crunch

Kangpe is a mobile service connecting Africa to healthcare

Kangpe is a mobile service connecting Africa to healthcare
 Healthcare in Africa might conjure up an image of some physician working in a remote village via Doctors without Borders but mobile technology is rapidly changing the entire continent and Y Combinator startup Kangpe Health aims to cash in by providing Africans with a platform to contact doctors remotely through their mobile devices. People access Kangpe’s platform by firing up the… Read More


Source: Tech Crunch

Amazon will now tell Prime members what to wear via a new “Outfit Compare” feature

Amazon will now tell Prime members what to wear via a new “Outfit Compare” feature
 Amazon has been steadily pushing its way into fashion over the past several years, with investments in its own private labels – from workwear to activewear – plus increased fashion ad spending and even its own trend-obsessed TV show, Style Code Live. Now the online retailer is looking to dole out its fashion advice to the masses, too, through a new feature called… Read More


Source: Tech Crunch

When two-factor authentication app Clef shuts down in June, its staff will join Authy

When two-factor authentication app Clef shuts down in June, its staff will join Authy
 lef was a mobile authentication app that I chose for increasing my own WordPress security when I started blogging years ago — as did a million other sites. However, the app is officially and unexpectedly shutting down on June 6th; former employees will continue working on other projects at Twilio, including the Authy app and API. I spoke with Clef co-founder, Brennen Byrne and asked… Read More


Source: Tech Crunch

Fritz Lanman takes CEO role at ClassPass as founder Payal Kadakia steps in as Chairman

Fritz Lanman takes CEO role at ClassPass as founder Payal Kadakia steps in as Chairman
 Early investor and Executive Chairman of ClassPass Fritz Lanman will be taking over as CEO of the company, with cofounder and former CEO Payal Kadakia swapping with him for the Executive Chairman role. ClassPass, for those of you who live under a rock, is a subscription service that lets users book and access a variety of fitness classes and boutique gyms under a single ClassPass membership.… Read More


Source: Tech Crunch

Social media firms given a month to fix consumer rights issues in Europe

Social media firms given a month to fix consumer rights issues in Europe
 Facebook, Twitter and Google are under more pressure in Europe to comply with regional rules. The latest issue they find themselves on the hook for relates to complaints pertaining to a variety of consumer rights that have been investigated by EU regulators since last year. Read More


Source: Tech Crunch

Tizeti is bringing wireless internet to urban Africa

Tizeti is bringing wireless internet to urban Africa
 A new company called Tizeti, which is launching in the latest batch of startups to come from Y Combinator, is proposing a simple solution to the connectivity problem… Build more towers, more cheaply, and offer internet services at a cost that makes sense for consumers in the urban environments where most people actually live. Read More


Source: Tech Crunch

Apple plans to invest $500 million for new research centers in China

Apple plans to invest 0 million for new research centers in China
 Apple is trying to tap into local talent by building new research centers around the world. As spotted by MacRumors, the company just announced on its Chinese website that it is going to build two new R&D centers in Shanghai and Suzhou. This is going to be a significant investment as Apple plans to spend 3.5 billion yuan, or a little bit more than $500 million. The company already… Read More


Source: Tech Crunch