Business

Facebook Pay unites payment service across Facebook’s apps

(Reuters) — Facebook said on Tuesday it was launching Facebook Pay, a unified payment service through which users across its platforms — including WhatsApp and Instagram — can make payments without exiting the app.

The social network said the service would allow users to send money or make a payment with security options such as PIN or biometrics on their smartphones.

CEO Mark Zuckerberg said earlier this year that the company is planning to unify the messaging infrastructure across its platforms.

He said the company would encrypt conversations on more of its messaging services and make them compatible,

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Hive raises $10.6 million to bolster project management with AI

For evidence that the future of work is automated (or at least semi-automated), look no further than startups like New York-based Hive. The productivity platform provider offers solutions from meeting scheduling to task management and project monitoring, and in an effort to lay the groundwork for expansion after quintupling revenue this past year, it’s secured fresh funding.

Hive today revealed that it’s raised $10.6 million in a series A round led by Comcast Ventures, with participation from existing seed investors Tribeca Venture Partners, Vocap Investment Partners, and Rembrandt Venture Partners. It brings the company’s total raised to $16.7 million following

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Evercoin launches next version of mobile cryptocurrency hardware wallet

Evercoin has announced Evercoin 2, the company’s next-generation mobile hardware wallet. It’s part of an effort to make cryptocurrency more accessible and secure for the masses.

A hardware wallet is a way of storing a cryptocurrency owner’s private keys in a secure hardware device. Evercoin 2 provides mobile users the first end-to-end ownership solution for cryptocurrencies, featuring a hardware wallet the size of a house key powered by the security technology of partner Yubico.

If you lose something, like a private key or password, Evercoin 2 can help you recover it without exposing you to hackers, who have stolen cryptocurrency

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The Garage opens in Paris as Europe’s largest blockchain incubator

A coalition of blockchain researchers, entrepreneurs, and investors have opened a massive new blockchain incubator called “The Garage” in Paris as part of an effort to enhance Europe’s position as a hub for the emerging technology.

The incubator in the Paris city center spans three floors of a building, totaling 5,000 square feet. The goal is to give visibility to a community of developers in a budding industry that is often remote and disconnected.

“The idea is to have a place where people can hang and learn,” said Cyril Paglino, one of the people behind the effort. “Blockchain is pretty

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Angular Ventures is a $41 million early-stage fund for deep tech startups entering the U.S.

A new early-stage venture capital (VC) firm that focuses on European and Israeli “deep tech” enterprise startups eyeing U.S. expansion, has officially closed its inaugural fund.

London-headquartered Angular Ventures, which has additional hubs in Tel Aviv and New York, has announced an “oversubscribed” $41 million institutional seed fund — significantly more than the $25 million it planned to raise according to its filing with the U.S. Security and Exchange Commission (SEC) last year.

Founded in May 2018 by Gil Dibner, an angel investor and former partner at DFJ Esprit, Angular Ventures has invested in 12 startups already since the fund’s

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AI designed this gin, but would you drink it?

Two years ago, I owned a bar with over 300 different gins — one of the largest collections of juniper-flavored spirits at any establishment in the United States. None of those gins was designed by a computer, a fact that my bartenders would likely have explained was for the best: A gin’s non-juniper botanicals are what make it distinctive, and the most popular recipes have traditionally come from experienced distillers.

But now that we’re in the AI-as-possible-gourmand era, what if a trained AI system took over the process of formulating, naming, labeling, and even marketing a new type of gin? 

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Goldman faces probe after entrepreneur claims gender bias in Apple Card algorithm

(Reuters) — A probe into Goldman Sachs’ credit card practices has been initiated after tweets from a tech entrepreneur alleged gender discrimination in the new Apple card algorithms that are used to determine credit limits.

In a series of Twitter posts starting on Thursday, David Heinemeier Hansson railed against the Apple Card for giving him 20 times the credit limit his wife got, Bloomberg reported on Saturday.

Hansson, who is the creator of web-application framework Ruby on Rails, didn’t disclose any specific income-related information for himself or his wife but said they filed joint tax returns and that

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Flavourworks raises $3.8 million to make interactive games with live-action video

Flavourworks has raised $3.8 million in funding for its interactive movie games that fuse together live-action video with interactive gameplay.

Flavourworks has created a “touch video” technology that fuses interactive gameplay with live-action videos. The game has full-motion video, complete with actors and real-world environments. They act out a story, but you can play the story as if it were a game. You can make key decisions and even touch the screen to wipe away a tear from a character’s eye.

It’s an increasingly popular genre (think Netflix’s Black Mirror: Bandersnatch blend of movie and game) in which the audience

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IBM’s DRAM inventor Bob Dennard gets chip industry’s highest honor

If you’re using anything electronic, from a smartphone to a laptop, you’re using Robert Dennard‘s fundamental invention: the single-cell dynamic random access memory chip.

While working for IBM back in 1956, Dennard invented DRAM, a kind of semiconductor memory that stores data while the power is turned on. When you turn on your PC, the operating system software loads into DRAM.

So it’s appropriate that the chip industry is recognizing Dennard, now an IBM Fellow Emeritus, with its highest honor: the Robert N. Noyce Award, itself named after Intel’s first CEO. Dennard was awarded the honor (in absentia) at the

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Take-Two: The Outer Worlds is ‘outperforming expectations’

Publisher Take-Two Interactive says that it is happy with the launch of The Outer Worlds. Take-Two subsidiary Private Division published the space role-playing adventure from developer Obsidian on October 25. That put it outside of the company’s Q2 earnings reporting period, but Take-Two said that the game should have a noticeable impact on its Q3 results.

“It’s outperforming our expectations handily,” Take-Two chief executive Strauss Zelnick said today on a conference call with investors. “We’re very happy.”

Zelnick went on to say that the company wouldn’t provide any specific numbers because it’s too early.

But in Take-Two’s Q2 earnings release,

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