TikTok Owner ByteDance Acquires Virtual Reality Startup

TikTok owner ByteDance has acquired a virtual reality start-up called Pico marking the Chinese company’s first move virtual reality space. The size or worth of the deal was not revealed by byteDance, headquartered in Beijing, China, but said in a statement that the “comprehensive suite of software and hardware technologies of Pico, as well as…

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Despite Pandemic Risks, Indian Economy Likely Staged A Strong Recovery In April-June Quarter

Despite a devastating second wave of Covid-19 pandemic in the country, it is likely that the India’s economy rebounded in the April-June quarter form the huge dip it experienced last year. The driver for the rebound is expected to be the improved manufacturing output. With an annual contraction of 7.3 per cent in the fiscal…

Robinhood’s shares tumble after news of PayPal’s online brokerage services

Share of Robinhood Markets Inc fell by nearly 7% on Monday following a news that PayPal Holdings Inc may start an online brokerage service. Reports have also emerged saying, regulators were looking at imposing a potential ban on a practice that accounts for the bulk of the company’s revenue. Shares of Robinhood extended an early…

Nvidia Corp’s acquisition of Arm will harm competition: Elon Musk

Tesla’s CEO Elon Musk has been quoted by the Telegraph as saying, he is concerned over Nvidia Corp’s planned acquisition of British chip designer Arm since it could impact competition. Telegraph’s report also mentions that Amazon.com Inc and Samsung Electronics Co Ltd have also raised opposition to the deal with U.S. authorities. Earlier this year, the US FTC…

Audio chat app Clubhouse launches special audio to make chats more life like

In a statement audio-only chat app Clubhouse said, it will launch a spatial audio feature to make voices sound as if they’re coming from different directions, in efforts aimed at making virtual conversations and performances feel more life-like. Backed by venture capital firm Andreessen Horowitz Clubhouse, jumpstarted the social audio trend last year and became…

Toyota Stops Use Of Self-Driving E-Palette Vehicles After Accident In Paralympic Village In Tokyo

All of its self-driving e-Palette transportation pods at the Tokyo Paralympic Games village were suspended by Toyota Motor on Friday after a visually impaired pedestrian was injured in a collision with one of the vehicles. Apologizing for the accident, Toyota Chief Executive Akio Toyoda, in a YouTube video, said that he had tried ot meet…