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Lytro -- maker of "shoot now, focus later" cameras -- is diving into the virtual reality and video market, following an investment of $50 million led by GSV Capital. The market shift means Lytro will lay off 25 - 50 of its 130 employees, and at the same time hire new folks with expertise in VR and...

9 days ago 0 Comments
February 25, 2015 at 7:55PM
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Apple and Google aren't the only tech giants exploring the brave new world of self-driving cars. Financial Times tipsters report that Sony has invested roughly $842,000 into ZMP, a Japanese autonomous vehicle startup. While it's a small start, Sony apparently has big plans -- it wants to combine i...

17 days ago 0 Comments
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After all the stress that TUG went through with a series of layoffs and funding issues, it almost seemed like too much to hope that Nerd Kingdom would actually secure the investors they were looking for. But good news does come around this time of year. The game has its additional funding secure, w...

2 months ago 0 Comments
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Developer Nerd Kingdom has been fairly quiet since its announcement in September that half of its team was being let go in order to keep development moving on TUG. The good news is that the needed investors might be right around the corner. An update on the game's Kickstarter page notes that the te...

3 months ago 0 Comments
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If you're in any way familiar with the history of energy, then the name Rockefeller is synonymous with oil. That's why it's such a surprise to learn that the Rockefeller Brothers fund, worth $860 million, has pledged to dump its remaining investments in fossil fuel production over the next five ye...

5 months ago 0 Comments
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Fresh from its $500 million acquisition of satellite specialist Skybox Imaging, Google appears to be ready to make another space-related investment. Sky News reports that the search giant is in advanced talks to take a minority stake in Richard Branson's Virgin Galactic business (which already cou...

8 months ago 0 Comments
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The last major update posted regarding Brad McQuaid's dream MMO, Pantheon: Rise of the Fallen, didn't leave a lot of ambiguity. The game had no prototypes to be shown off, it had failed at its Kickstarter campaign, and the funding raised by fans had completely worn out. So you'd think that would me...

10 months ago 0 Comments
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AT&T has a new way to take on TV-threatening internet video services like Netflix: it's going to offer a few services of its own. The telecom is teaming up with the Chernin Group -- previously a bidder in the Hulu sweepstakes -- to start a venture that will "acquire, invest in and launch" both...

10 months ago 0 Comments
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At a glance, Final Fantasy XI is doing all right for itself. It's been running for over a decade and has had to deal with only occasional server merges. It launched another new expansion this year. It certainly doesn't have the population that it used to have, but the people who are playing seem ha...

1 year ago 0 Comments
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Rumble Games, founded by former BioWare/Pandemic CEO Greg Richardson, has just received a nice cash boost from Nexon and its investment partners. Rumble announced today that Nexon, Google Ventures, and TriplePoint Capital have invested $17.5 million in the studio, which intends to use the funds to ...

1 year ago 0 Comments
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A while back, I got a wonderful letter from a reader whom I'll simply call L for these purposes. L was curious why, exactly, I cared about housing in WildStar, not out of a desire to belittle but out of a genuine curiosity. From his standpoint, housing adds nothing to the game and takes development...

1 year ago 0 Comments
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Roleplaying events, like any other sort of roleplaying, require a bit of give and take. The person organizing the event puts in a lot of work coming up with a plan and being ready to adapt to changing circumstances, sometimes to great effect and sometimes to... less great effect. But it's not all d...

1 year ago 0 Comments
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You gotta spend money to make money. Samsung knows that, which is why the Korean powerhouse will be spending about 5 trillion won (roughly $4.5 billion) to build five new R&D centers over the next three years. All of the facilities will be in the company's homeland, with a $1 billion research ...

1 year ago 0 Comments
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Google Ventures has a reputation for backing tech winners early on -- it gave a boost to this little startup called Nest, for example. It wants to exert influence every step of the way, however, and it's launching Google Capital to make this happen. The new fund is investing in firms that aren't q...

1 year ago 0 Comments