It will be in Spotify’s interest to go public within a year. In a deal that has been labeled by onlookers as “devilish” and “strict”, Spotify has raised $1 billion through convertible bonds, rather than the more traditional equity funding round. The new debt comes attached with some rather restrictive terms related to Spotify going…
The decision was taken due to poor sales of Sedasys which can be largely traced to a campaign by the American Society of Anesthesiologists to stop its sale. Just because robots can do repetitive tasks faster and more efficiently does not necessarily mean that they will come out on top and replace a human. For example,…
It’s a good lesson for those learning the ropes on how to store and send passwords in the web context. CNBC just learnt a lesson the hard way regarding computer security. The news giant posted, and was quick to take down, an article on password security titled “how strong is your password?” It had had…
Be prepared to ditch your good old TV set. Although AT&T has capped data transfers on its internet services for years, they could come off with a catch: you have got to be fiercely loyal to the company. From May 23 onwards, the telecom giant is re-introducing unlimited data transfers free of charge. The catch…
Amazon has banned any USB-C cable that does not comply to specifications issued by ‘USB Implementers Forum Inc.’ However, if you buy one with a shoddy make do report it so that it is no more sold on Amazon.com A Google engineer’s quest to test the USB-C cables sold on Amazon resulted in a surprise…
Security printing companies like Oberthur Fiduciaire are focusing the most on developing measures that can make banknote counterfeiting almost impossible. Their R&D expenses for this purpose, which central banks from the world over consider a strategic priority, give them a strong case for themselves. But banknotes must not only be secure. They must be meaningful,…
Initially the service will be available only at select golf clubs and for only refreshments and golf balls. Like Amazon, Rakuten is also experimenting with drone delivery systems. However, unlike its competitor, the e-commerce giant is taking baby steps: its drone delivery service will, to begin with, deliver only small products to golfers, in Japan.…
With Tim back, the decision to sell or to retain full ownership of the company, now rests only with him, its founder. Pandora’s on-demand listening service isn’t the only thing that is prone to change. The company that has pioneered internet radio has now, all of a sudden, has appointed its founder, Tim Westergren, as…
Part of its ‘Mi Ecosystem’ Xiaomi’s Induction Heating Pressure Rice Cooker is affordable and yet sports an ergonomic design. It would seem that Xiaomi wants to not only own the entire smartphone place but also your living room, kitchen if not your entire house. It has forayed into air and water purifiers, home appliances and…
China’s e-wallet mobile market is booming. It’s been growing at 253.69% a year. Wherever there Apple there is Samsung, and vice versa. Apple expects China to be its biggest mobile payment market, so it’s not surprising that its biggest competitor also wants a slice in that market. Having publicly beta tested it for a month,…
