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Posts Tagged ‘CEO’

A hacker has compromised Jack Dorsey’s Twitter account

A hacker has compromised Jack Dorsey’s Twitter account. A stream of rogue tweets — including racial slurs — were posted to the Twitter chief executive’s own Twitter account just after 3:30pm ET. One of the tweets posted a Twitter handle for someone who purported to take credit for the account takeover. That account was quickly suspended. ...

Didi Chuxing to launch self-driving rides in Shanghai and expand them beyond China by 2021

Didi Chuxing will begin picking up ride-hailing passengers with self-driving cars in Shanghai in just a few months, according to company CTO Zhang Bo (via Reuters). The plan is to roll out autonomous pick-ups in Shanghai first, starting in one district of the city, and then expand the program from there – finally culminating in ...

Update on Nigerian fintech firm Interswitch and its speculative IPO

Nigerian fintech firm Interswitch has been circulating in business news around a possible IPO on the London Stock Exchange. Last month Bloomberg News ran a story—based on unnamed sources—reporting the financial services firm had hired investment banks to go public on the LSE later in 2019. The piece spurred additional aggregated press. That Interswitch—which provides ...

Autonomous air transport startup Elroy Air completes first flights of large cargo VTOL

SF-based Elroy Air hopes to transform bulk air cargo shipping with its ‘Chapparal’ vertical take-off and landing craft, the first version of which will be able to carry 250 lbs of cargo as far as 300 miles. The startup, which was founded in 2016 by experienced professionals with track records of working in UAS (uncrewed ...

Rwanda to phase out gas motorcycle-taxis for e-motos

The government of Rwanda will soon issue national policy-guidelines to eliminate gas motorcycles in its taxi sector in favor of e-motos. The country’s president Paul Kagame previewed the plan last week. “We will find a way to replace the ones you have now. We urge taxi-moto operators to help us when the phase-out process comes,” ...

Nvidia and VMware team up to make GPU virtualization easier

Nvidia today announced that it has been working with VMware to bring its virtual GPU technology (vGPU) to VMware’s vSphere and VMware Cloud on AWS. The company’s core vGPU technology isn’t new, but it now supports server virtualization to enable enterprises to run their hardware-accelerated AI and data science workloads in environments like VMware’s vSphere, ...

Tastemakers raises $1.4M to sell Africa experiences to the world

New York based startup Tastemakers has raised a $1.4 million seed-round—led Precursor Ventures—for its business that connects Africa adventures to global consumers. Tastemakers’ platform curates, prices, and lists African travel and cultural experiences—from paragliding tours to wine-tasting to concerts. The startup generates revenues by taking a 20% commission on each transaction. Community managers in Africa ...

VMware acquires Carbon Black for $2.1B and Pivotal for $2.7 billion

VMware today announced that it is acquiring Carbon Black, a publicly traded security company that focuses on securing modern cloud-native workloads. The price of the acquisition is about $2.1 billion. In addition, VMware also confirmed the acquisition of Pivotal, which will have a value of about $2.7 billion. VMware’s revenue for the last quarter was ...

Mobile gaming is a $68.5 billion global business, and investors are buying in

By the end of 2019, the global gaming market is estimated to be worth $152 billion with 45% of that, $68.5 billion, coming directly from mobile games. With this tremendous growth (10.2% YoY to be precise) has come a flurry of investments and acquisitions, everyone wanting a cut of the pie. In fact, over the last ...

Enterprise software is hot — who would have thought?

Alex Williams Contributor Alex Williams is the founder and publisher of The New Stack, which publishes explanations and analysis of at-scale, distributed technologies for developers, DevOps and other IT professionals. More posts by this contributor Neo4j, A Graph Database For Building Recommendation Engines, Gets A Visual Overhaul Billionaire Jewelry King Launches TaskWorld, A Management Tool ...