Mon.Mar 26, 2018

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Tech Study Critical Of Region's Fragmentation, Geography

socalTECH

A new study, released by the Alliance for Southern California Innovation , has surprisingly come out highly critical of the region's fragmentation and "lack of a compelling geographic center", saying those factors are keeping the region from emerging as a "tech hub as robust as Silicon Valley". The Alliance was created by former California gubernatorial candidate and California Insurance Commissioner Steve Poizner.

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Women in the Global Markets! WITI

SoCal Tech Calendar

Tuesday, March 27, 2018 -- Women in the Global Markets! WITI. Governments in 119 economies carried out 264 business reforms in the past year to create jobs, attract investment and become more competitive, says the World Bank Group's latest Doing Business 2018. Women must influence followers' attitudes and behaviors in a global context in order to achieve a common vision and goal.

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Snap Quietly Buys 3D Game Engine Startup

socalTECH

Venice, California-based Snap , the parent firm of Snapchat , has quietly acquired a 3D gaming engine developer based in the UK, according to a report. According to the report, Snap acquired PlayCanvas, a developer of 3D game design software, last May. No details on the acquisition have been announced by either of the companies. Snap has a history of buying companies to help it advanced its products; the company bought Vergence Labs in 2014 to power its Spectacles line; it recently acquired Meta

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Silicon Beach Report March 26: Study Says SoCal Tech Scene Leaving $100B on Table

L.A. Business Journal

Study says SoCal tech scene leaving $100 billion on table; 2018 to bring more deals than 2017; and Chrissy Teigen latest celebrity to abandon Snapchat.

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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

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Gryphon Adds Threat Detection To Wi-Fi Mesh System

socalTECH

San Diego-based Gryphon Online Safety , a startup that develops a wireless mesh system for home and small businesses, says it has incorporated technology from antivirus software developer ESET into its products. According to Gryphon, the addition of the software will incorporate threat detection technology to help protect its customers. Gryphon says it has an "AI-powered wireless mesh Wi-Fi platform" which not only includes such features as parental controls and Internet filtering, but also prot

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Ada-AI Seeks to Build a Diverse Artificial Intelligence Community

Xconomy

Artificial intelligence innovation has become part of our everyday lives—retailers use it to tailor the product recommendations they make; biotech companies hope it can create customized medicine. But its shortcomings, born of human biases, are becoming apparent as well. Take, for example, facial recognition technologies that work best on white people and make the most errors on black people.

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EY Report Suggests Improving Conditions for U.S. IPOs in 2018

Xconomy

U.S. IPO activity has been ticking up, with 36 IPOs raising more than $12.7 billion in the United States so far this year, according to data released Monday by EY, the global consulting and accounting firm. Although there are still several days remaining in the first quarter of 2018, EY reports the number of first-quarter IPOs is 44 percent higher than the 25 offerings that occurred in the first quarter of 2017.

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Elon Musk's Next Boring Company Product: Lifesize LEGO Blocks?

socalTECH

Did you miss out on your limited time chance at the flamethrower Elon Musk sold through his tunneling company, Boring Company? Well, don't despair, as you could be the proud owner of life size, LEGO-like blocks--made from tunneling rock escavated by the Boring Company's tunnelers--which can be used to create structures and buildings. According to Elon Musk, in a series of posts on Twitter, the Boring Company's next product will be those blocks, which will be "rated for California seismic loads,

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FTC Opens New Probe: Revisits Its Old Charges On Facebook Privacy Practices

Xconomy

Among the host of legal woes Facebook is now confronting amid news about the misuse of its member profiles in election politics: The Federal Trade Commission revealed Monday that it is investigating the social media giant’s privacy practices. The FTC decision comes in the wake of recent reports about the ease with which political consulting firm Cambridge Analytica gained access to as many as 50 million Facebook user profiles by or before 2015.

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JenaValve Names New Board Member

socalTECH

Irvine-based JenaValve , which develops replacement heart valves to treat aortic valve disease, announced on Friday that it has named Keith D. Dawkins, M.D., as a new JenaValve board member. Dr. Dawkins is currently Chief Medical Officer of 4Tech, INc., and previously was Executive Vice President and Global Chief Medical Officer at Boston Scientific, and also had been Senior Vice President and CMO for the Boston Scientific Cardiology Rhythm and Vascular Group.

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SendGrid Triples Space In OC, Opens New Office In Irvine

socalTECH

Email service provider SendGrid is tripling its space in Orange County, saying this morning that it has opened up a brand new office in Irvine. According to the company, the new office at 400 Spectrum Center Drive has over 22,000 square feet, and can hold twice the number of employees it currently has in Orange County, where it currently employs 60.