Social Capital’s Chamath Palihapitiya says ‘we need to return to the roots of venture investing’

In the first of many annual letters Chamath Palihapitiya will be penning as part of his firm’s new era as a technology holding company, the founder of Social Capital criticized the venture capital industry. After highlighting the latest trends within VC — i.e. SoftBank’s Vision Fund, private equity activity in VC deals and inflated valuations — Palihapitiya divulged … Read moreSocial Capital’s Chamath Palihapitiya says ‘we need to return to the roots of venture investing’

Twitter tests homescreen button to easily switch to reverse chronological

Twitter is digging one of its most important new features out of its settings and putting it within easy reach. Twitter is now testing with a small number of iOS users a homescreen button that lets you instantly switch from its algorithmic timeline that shows the best tweets first but out of order to the … Read moreTwitter tests homescreen button to easily switch to reverse chronological

The EU plans to test an AI lie detector at border points

Trials for AI lie detection at border patrol checkpoints are set to begin soon in the EU. The program, called iBorderCtrl, will run for six months at four border crossing points in Hungary, Latvia and Greece with countries outside the European Union, as reported by Gizmodo. iBorderCtrl is an EU-funded project that uses AI in … Read moreThe EU plans to test an AI lie detector at border points

On bitcoin’s 10th birthday, JP Morgan CEO says he doesn’t ‘really give a shit’ about it

JP Morgan CEO Jamie Dimon says he doesn’t “really give a shit” about bitcoin, his latest harsh comment on the popular cryptocurrency. Dimon spoke out about bitcoin yesterday at an Axios conference, after keeping silent for a period of time following an apology for calling bitcoin a “fraud.” Last September, Dimon called out bitcoin in … Read moreOn bitcoin’s 10th birthday, JP Morgan CEO says he doesn’t ‘really give a shit’ about it

GM looks to cut costs by offering buyouts to 18,000 employees

General Motors has offered voluntary buyouts to 18,000 salaried employees in North America who have at least 12 years of experience, as the automaker looks to cut costs all while investing in its electric and autonomous future. The company has described this as a proactive measure aimed at preparing for coming headwinds such as  slow … Read moreGM looks to cut costs by offering buyouts to 18,000 employees

Watch this little robot transform to get the job done

Robots just want to get things done, but it’s frustrating when their rigid bodies simply don’t allow them to do so. Solution: bodies that can be reconfigured on the fly! Sure, it’s probably bad news for humanity in the long run, but in the meantime it makes for fascinating research. A team of graduate students … Read moreWatch this little robot transform to get the job done

Some law enforcement drones are dropping out of the sky

The U.K.’s Civil Aviation Authority is cautioning police departments and other emergency services to suspend operations of a specific drone model after some of the devices lost power unexpectedly and fell while in flight. The Civil Aviation Authority (CAA) safety warning applies to DJI Matrice 200 series drones, used by some emergency services in the U.K. The … Read moreSome law enforcement drones are dropping out of the sky

CBS is launching a standalone streaming network for entertainment news

CBS continues to embrace online video streaming, introducing a second standalone network today that will be dedicated entirely to entertainment news. According to TechCrunch, the new streaming network is called ET Live, and is a project from CBS Interactive and Entertainment Tonight, which is owned by CBS TV. The streaming service is free of charge, … Read moreCBS is launching a standalone streaming network for entertainment news

Influencer marketing startup Mavrck raises another $5.8M

Mavrck has raised another $5.8 million in funding, bringing its total raised to $13.8 million. When the company raised its Series A back in 2015, it was focused on helping brands work with “micro-influencers” who were already using their products. Now it describes itself as an “all-in-one” influencer marketing platform, offering a number of tools … Read moreInfluencer marketing startup Mavrck raises another $5.8M

Fitbit earnings beat expectations on strength of smartwatch sales

Fitbit is slowly righting its financial ship, courtesy of a successful push into the smartwatch category. The wearable company reported a profit (when adjusted for items such as stock-based compensation) thanks to growing sales in the new category.    Total revenues rose slightly to $393.6 million in the third quarter compared with the same period … Read moreFitbit earnings beat expectations on strength of smartwatch sales