Hassan Elmi

1,449 Flips | 3 Magazines | 3 Likes | 2 Following | 6 Followers | @seriousstorm85 | Laid back geek.

China's Xiaomi books $1 billion quarterly loss ahead of blockbuster IPO

HONG KONG (Reuters) - Chinese smartphone maker Xiaomi booked a first-quarter net loss of 7 billion yuan ($1.09 billion) ahead of its blockbuster initial public offering.<p>That compares with a net loss of 43.89 billion yuan for the whole of 2017, according to its draft prospectus.<p>When one-off items …

China

Apple's New Designs 'Confirmed'

In May my exclusive story confirmed Apple’s new iPhone line-up and one cancellation. Now, I can reveal the designs of the most exciting models and the radical move Apple will make…<p>Working in collaboration with popular accessories maker Ghostek, a partnership which previously saw me leak Samsung’s …

Mobile Technology

This Gurugram-based startup makes software development as easy as ordering pizza

San Francisco- and Gurugram-based Engineer.ai has launched a software development platform in partnership with Microsoft in India, which claims to …

Artificial Intelligence

When Being Early Isn't Wrong: How This 17-Year-Old Software Startup Just Hit A $1 Billion Valuation

There’s a saying in Silicon Valley: “Being early is the same as being wrong.”<p>Tech entrepreneur Paulo Rosado is defying the adage as CEO of OutSystems, a software business with more than $100 million in revenue, 70 percent growth and a valuation north of $1 billion—but in his case, being early means …

Startups

Microsoft + GitHub + LinkedIn = The Professional Graph

Each of the GAFA companies own a vast swath of our socio-economic system.<p>Facebook owns the social graph, the digital representation of the relationships that matter in people’s lives. Google owns the interest graph, the essence of what we want and the information we need. Amazon’s making a strong …

Satya Nadella

A Biotech Entrepreneur Aims To Help Us Stay Young While Growing Old

Nathaniel “Ned” David is sitting at a conference table in South San Francisco in blue jeans, a black T-shirt and Tevas, looking and sounding a lot like Keanu Reeves as he discusses his latest startup, Unity Biotechnology. The idea behind Unity—preventing aging—sounds crazy, but it’s backed by …

Anti-aging

The Future of e-Commerce

Nobody can deny the fact that online stores have become a big part of our daily lives. I personally only do groceries shopping in traditional stores and shop online for everything else and by 2021 we will have an estimated of 2.1 billion users worldwide that do the same. With that kind of numbers, …

Cloud Computing

Google Is Breaking Up YouTube Red Into 2 New Subscription Services For Music and Video

On the heels of the success of YouTube original series <i>Cobra Kai</i>, the Google-owned platform is splitting into two, new streaming ventures.<p>YouTube Red …

Britain's Take On Robinhood Is Crowdfunding $1.3m To Bring No-Fee Trading To Europe

Free stock trading app Robinhood has raced to become one of the most valuable fintech startups in America, last week quadrupling its valuation to $5.6 billion.<p>It’s starting a shareholding revolution by helping a new generation of 4 million young investors buy shares in companies like Apple, Tesla …

London Stock Exchange

California May Push Uber And Lyft To Go Electric, With Far-Reaching Consequences

For more than a decade California has pushed automakers to green their lineups by selling zero-emission vehicles to aid its fight against pollution and greenhouse gases. But as more people opt for on-demand ride services rather than driving themselves, it was only a matter of time before state …

Electric Vehicles

Microsoft’s bets on Surface, gaming, and LinkedIn are starting to pay off

Cloud and Office still leading the big growth<p>Microsoft posted the third quarter of its 2018 financial results today, reporting revenue of $26.8 billion and net income of $7.4 billion. Revenue has jumped 16 percent year-over-year, and net income is up a massive 35 percent. As ever, Microsoft’s …

Google Abandons Another App To Steal Apple's Glory

Google is introducing yet another messaging service called “Chat” that it thinks might be the future of cross-platform messaging. The idea is to offer a service that not only carries messages over the internet, like WhatsApp, but one that plays ball with service providers SMS services. It’s goal is …

Apps

How Israel's Arab Tech Community Grew 1000% In 10 Years

I was 2 years into my 4-year computer science degree, and I was already thinking about what I was going to do next, when I started looking around for a mentor inside the Israeli tech industry. I had so many questions: What careers were open to me? What companies were the best? How could I make an …

Israel

EPA, Israeli Company Partner On 'Water From Air' Tech

There’s humidity hanging out there in the air. A company called Water-Gen has developed a generator that pulls water vapor from the air to harvest drinking water.<p>It’s not as pie in the sky as you might think. The U.S. Environmental Protection Agency (EPA) has signed a Cooperative Research and …

EPA

Netflix and YouTube streaming video is about to get a lot faster

AV1 compression technology from companies like Google, Microsoft, Amazon and Netflix is here. And it's blowing up the video industry's patent rules, too.<p>Tech's biggest companies -- including Google, Microsoft, Amazon, Facebook, Cisco and Netflix -- have finished the first version of video …

Google To Acquire Startup Tenor As Mobile GIF-Sharing Explodes

Google is acquiring the mobile GIF keyboard and search engine Tenor in a move that should help the advertising giant bolster its search data and offer its marketers an increasingly popular advertising format. Both companies announced the deal on Tuesday, but the financial terms were not …

Apps

Apple Reveals New Education Focused iPad, Challenging Google And Microsoft In The Classroom

Apple finally stepped down from the gilded rose gold throne of luxury tablets and sleek, polished laptops to gingerly walk among the commoners at its education event today. With its well-fed hand outstretched, each finger adorned with the trophies of past successes, Apple gifted the serfs a …

Education Technology

Britain's Co-Living King Has Raised $400m To Take On WeWork In America

New York’s multibillion dollar property market will soon have a new challenger on the block.<p>British co-living property startup The Collective has revealed its bold plans to more than double the size of its portfolio with a huge expansion into the U.S. and Germany – a move that could place it among …

Housing

China's Xiaomi Is Set To Disrupt The TV Market In India, Just Like It Did For Smartphones

According to TechSci Research report, the television market in India is anticipated to be worth more than $9 billion by the end of 2021. The market in India is dominated by Asian giants like Samsung, LG and Sony. Smaller domestic brands like Vu and Kodak TV scrap for the remainder of the market, …

Smart TV

Clari Pockets $35 Million To Reinvent CRM With AI And APIs

The evolution of Artificial Intelligence (AI) technology is changing every industry. Leading product vendors are embracing machine learning to deliver new levels of automation and intelligence in products. In fact, vendors that aren’t actively trying to incorporate artificial intelligence …

Artificial Intelligence

Silicon Valley Exhales: Dropbox Shares Jump More Than 40% In High-Demand IPO

Dropbox made everyone wait. But its shares are now trading on the public markets after one of the most hotly-anticipated public offerings for a technology company in months.<p>Two hours after CEO Drew Houston and cofounder Arash Ferdowsi rang the opening bell at Nasdaq and after long minutes of the …

Venture Capital

Amazon powers cloud servers for 90% of large game companies

More than 90 percent of the world’s largest game companies use Amazon Web Services, which offloads online gaming infrastructure tasks to Amazon’s giant cloud computing resources.<p>Amazon said that top games from Activision’s Destiny 2 to Supercell’s Clash Royale rely on its cloud infrastructure to …

Blockchain Is A Potential 'Truth Machine' For The World's Transactions

There’s so much more to blockchain than cryptocurrency. Blockchain may eventually reach into every corner of the business, providing online, “smart contracts” that bind and assure any type of transaction, from exchange of goods to services rendered to employee records.<p>The money is beginning to flow …

Blockchain

China Is Stepping Up Its Efforts To Draw Tech Giants Like Alibaba And Baidu Back Home

For years, China’s best technology companies have opted for public listings abroad. Alibaba, Baidu and Tencent are among firms lured by the prestige and capital from marquee international offerings, delivering lucrative returns to foreign investors instead of back to the homeland market.<p>Now, …

China

The FCC says a space startup launched four tiny satellites into orbit without permission

Swarm Technologies reportedly didn’t get a license<p>Earlier this year, a space startup from Silicon Valley launched four of its first prototype communications satellites on top of an Indian rocket. Except the FCC says that the company didn’t have authorization to send up those spacecraft from the US …

Toyota starts a new $2.8 billion company to develop self-driving software

Based in Tokyo<p>Toyota is expanding its pursuit of self-driving cars by starting a new company called Toyota Research Institute-Advanced Development, or TRI-AD. The Japanese automaker is starting the company in conjunction with automotive supplier Aisin Seiki and Denso, and together, they plan to …

Amazon Just Unveiled Its Grand Plan For Whole Foods: To Make The 'Last Mile' The First Mile

Ever since Amazon spent $13.7 billion on Whole Foods last June, theories have been swirling as to why the world’s biggest e-commerce firm would get into the old-time business of selling groceries in stores. Now it’s becoming clearer that what Amazon really wanted was a slice of real estate closer …

eCommerce

How Cloud Computing Is Changing Management

Theories and practices of management often spring from the opportunities created by new technologies. Interchangeable parts spurred ideas about structuring assembly lines and logistics. The complex calculations of the field known as Operations Research were enabled by mainframe computing. …

Innovation

Tech Giants Amazon, Microsoft, Google and IBM Keep Their Heads in the Cloud

It's getting crowded up in the cloud.<p>While Amazon's (AMZN) Amazon Web Services (AWS) maintained its lead in the cloud computing market in the fourth …

Google Cloud Platform

​All of Amazon's 2017 operating income comes from AWS

Amazon had a great e-commerce quarter, but AWS' growth was strong to pad the bottom line.<p>Amazon raked in fourth quarter earnings and sales as the …

Cloud Computing