[By Sudarshana Banerjee] Cloud computing is a way of using a network to access hardware/software based in a remote location, on demand. It is basically computing over a network, and similar to a lot of things we have been doing…
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Twitter has acquired social startup Spindle for an undisclosed amount. The Spindle team will be relocating and joining the Twitter team in San Francisco, and the company is shutting down its services. “By joining forces with Twitter, we can do so…
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Fab has raised $150 million in a Series D round of financing. This $150 million is the first part of a larger Series D round that the company says is expected to be completed over the next few months. The…
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ThousandEyes has raised $5.5 million in Series A funding from Sequoia and other Silicon Valley angel investors. In another development, the company emerged from stealth on Wednesday and launched a product that provides visibility into the performance of cloud applications.…
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The Internet of Everything (IoE) is expected to enable global private-sector businesses to generate at least $613 billion in global profits in 2013, according to a study released by Cisco. The report found firms that optimize the connections among people,…
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Smart Lunches has secured over $1.6 million in funding. Existing investors, including Boston-based Data Point Capital, Jonathan Kraft, president of the Kraft Group, and Lon Chow, General Partner of Apex Venture Partners in Chicago, participated in the funding. New institutional…
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Apple has received the Los Angeles School Board of Education’s approval to begin a massive roll out of iPad to its students across the school district starting this fall. The $30 million commitment for iPads is the first phase of…
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Chromebooks will now be carried in over three times more stores than before; in over 6,600 stores around the world, says Google. The company has inked retail deals with a number of outlets both in the U.S., and abroad, and says will…
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Subject to court approval, key Eastman Kodak creditors have agreed to backstop a $406 million rights offering for common stock in the company upon its emergence from Chapter 11. The proposed rights offering permits Kodak to offer its creditors up…
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Dish Network says it will not submit a revised offer by the June 18th. deadline set by Sprint, for a proposed merger of the two entities. In a statement issued by Dish, it said it will be focusing on completing…
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Netflix and DreamWorks Animation have signed a multi-year deal to premiere new original series from DreamWorks to the Internet TV network. The agreement marks the largest deal for original first-run content in Netflix history, and is also the first time…
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Cloudera has appointed Tom Reilly as CEO, and Mike Olson as chief strategy officer and chairman of the board. Both executives will take up their new roles effective July 8th, 2013. Mr. Reilly joins Cloudera from HP, where he served…
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Nvidia will be licensing the GPU core based on the Nvidia Kepler architecture, creating a new class of licensable GPU cores, says the company, in a blog post. Licensees will receive necessary designs, collateral and support to integrate the graphics cores…
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Ink, the company behind Filepicker.io, has closed a $1.8 million seed funding round. The round was led by Andreessen Horowitz and Highland Capital Partners. Ink builds middleware that lets devices, applications, and software talk to each other, irrespective of which…
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GE has launched a cloud-based big data and analytics platform that can manage data produced by large-scale, industrial machines in the cloud. The company calls this convergence of machine and intelligence data, the Industrial Internet. Amazon Web Services will be…
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Apple released details of government requests it fielded in the last six months, joining the ranks of Facebook, Microsoft, and Google, in the wake of reports on Prism. The company says it sought permission from the government for a disclosure,…
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Google says balloons could potentially become an option for connecting rural, remote, and underserved areas, or for helping with communications after natural disasters. The company has built a system, that uses balloons, carried by the wind at altitudes twice as…
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Mobile providers must expand digital offerings and maintain high-performing networks to attract and keep customers, according to Accenture’s Mobile Web Watch 2013 survey. The global survey found that the speed of mobile Internet connections was most often cited by all…
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Wrapp, a social gifting app that lets users send digital gift cards from their smartphones, has raised $15 million in Series B funding. The round includes investments from Series A investors Greylock Partners, Atomico, and Creandum, as well as new…
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Facebook has released a transparency report, for the first time ever revealing all U.S. national security-related requests (including FISA as well as National Security letters). Government requests to Facebook for information For the six months ending December 31, 2012, the total…
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