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Court rules Mike Rothenberg must fork over more than $31 million to settle SEC allegations

Court rules Mike Rothenberg must fork over more than million to settle SEC allegations Mike Rothenberg, the once high-flying VC bent on bringing the party to Silicon Valley, must now pay a whopping $31.4 million to settle a California federal court ruling in favor of Security and Exchange Commission allegations. TechCrunch deemed […]

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Snagging Pearson’s AR assets and $1 million in cash, GIGXR is ready for its close up

Snagging Pearson’s AR assets and million in cash, GIGXR is ready for its close up Meet GIGXR, the new owner of all of the assets of Pearson Immersive Learning Group, a subsidiary of the education and media publishing giant, Pearson. Formed specifically to roll up Pearson’s virtual and augmented reality assets, GIGXR […]

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Facebook sells off Oculus Medium to Adobe

Facebook sells off Oculus Medium to Adobe Facebook is selling Oculus Medium — a 3D virtual reality sculpting tool for creatives — to Adobe. The team was an expensive effort for Oculus and its sale signifies a broader rethinking within Facebook in what virtual reality projects they tackle in-house. It’s clear that […]

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Qualcomm launches the XR2 platform for 5G-connected AR and VR devices

Qualcomm launches the XR2 platform for 5G-connected AR and VR devices At its Snapdragon Boondoggle Summit in sunny Maui, Hawaii, Qualcomm today announced the launch of its XR2 platform, which it describes as the “world’s first 5G-supported extended reality (XR) platform.” The company’s older XR1 platform, which already powers a number of […]

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Startups Weekly: Chinese investors double down on African startups

Startups Weekly: Chinese investors double down on African startups Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy startups and venture capital news. Before I jump into today’s topic, let’s catch up a bit. Last week, I wrote about Airbnb’s issues. Before that, I noted […]

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Valve confirms it’s making a ‘flagship’ Half-Life VR game

Valve confirms it’s making a ‘flagship’ Half-Life VR game After what feels like years of rumors, it’s official: Valve is making a virtual reality Half-Life game. Official word of the new title comes via Valve’s (brand new, but verified) Twitter account, where the company is promising more details later this week: Tweets […]

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John Carmack steps down at Oculus to pursue AI passion project ‘before I get too old’

John Carmack steps down at Oculus to pursue AI passion project ‘before I get too old’ Legendary coder John Carmack is leaving Facebook’s Oculus after 6 years to focus on a personal project — no less than the creation of Artificial General Intelligence, or “Strong AI.” He’ll remain attached to the company […]

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A chat about UK deep tech and spin-out success with Octopus Ventures

A chat about UK deep tech and spin-out success with Octopus Ventures New research commissioned by UK VC firm Octopus Ventures has put a spotlight on which of the country’s higher education institutions are doing the most to support spin outs. The report compiles a ranking of universities, foregrounding those with a […]

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BMW’s magical gesture control finally makes sense as touchscreens take over cars

BMW’s magical gesture control finally makes sense as touchscreens take over cars BMW has been equipping its cars with in-air gesture control for several years and I never paid attention to it. It seemed redundant. Why wave your hand in the air when there’s dials, buttons, and touchscreens to do the same? […]

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Sandbox VR raises millions more in celebrity party round

Sandbox VR raises millions more in celebrity party round How funding rounds are classified these days has much more to do with positioning than any VC definitions, but it’s still true that nothing has quite the pizazz as the “strategic investment” celebrity party round. Sandbox VR, a location-based virtual reality startup that […]

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