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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...

1 day 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...

10 days 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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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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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
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Best Buy founder Richard Schulze may have stepped down as chairman of the board, but he's certainly not out. His plan to buy the turbulent company has reached the next step -- an agreement which pre-empts the formal offer. Schulze now has access to all the private numbers he'll need to put together...

2 years ago 0 Comments
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Samsung's round of cash-flashing continues with a $629 million purchase of a three-percent stake in ASML. It's joining Intel and TSMC in pumping money into the Dutch business, developing tooling for chip-making machines with Extra Ultraviolet Lithography (EUV) designed to "extend Moore's Law." It'...

2 years ago 0 Comments