Challenging the LME, CME bids to Boost its Metal Storage Network: Reuters

In a move that could further challenge the London Metal Exchange’s (LME) dominance, the CME Group is talking to several warehouse companies to expand its metal storage network globally, Reported Reuters quoting three metal industry sources which gave the information. Partly because of a result of controversy surrounding the LME warehouse system, the CME has…

Google starts in-house incubator for talent, entrepreneurship and innovation

Although the idea produced mixed results in other companies, including, Sony, LG and Samsung, Google may succeed where others have failed. Have you noticed many startups have ex-Google employees? Although Google is incredulously innovative it’s hard to understand why the company did not capitalize on its available talent pool and reap in the mullah? Naturally,…

Google’s and Levis collaborate to bring smart clothing to the market

The collaboration goes under the moniker Project Jacguard. During the ongoing Google I/O, Levis and Google have announced a partnership that will bring “smart clothing” to the retail market. The venture will go by the codename Project Jacguard. The collaboration will bring touch sensitive clothing to the market. The technology behind Project Jacguard is essentially made up…

Google’s Soli aims to control smart devices with fine finger-driven gesture controls

This could eliminate the need for displays from smart devices completely, cutting down costs and power requirements. Many smart wearables have miniscule screen real estate. How could one possibly control information in devices sporting such tiny screens? Google has an answer for that in the form of Project Soli. Last year, the search engine giant…

‘Nervous system’ of the IoT Startup Raises $20.3M

$20.3 million was raised in an investment round led by Samsung’s investment fund by Afero, a start-up that describes itself as the “nervous system” sitting in the middle of the internet of things (IoT) world. The investment which was led by Samsung Catalyst fund, and joined by Presidio Ventures, Sanshin Electronics, SoftBank, Fenox Venture Capital,…