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Chat app Kakao’s games business lands $130M from Tencent and others ahead of IPO

 Korea’s dominant messaging firm Kakao is back raising funds after its games business, a standalone unit that is headed for an IPO, pulled in $130 million (140 billion KRW) from Tencent and a range of other strategic investors. The company, which owns Korea’s top mobile messaging app and one of the country’s largest internet portals, operates a sprawl of businesses that… Read More

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Uber could be profitable if it wants to, says CEO

 Uber lost $4.5 billion last year, but CEO Dara Khosrowshahi said he’s not worried. Speaking at the Goldman Sachs Technology and Internet Conference in San Francisco on Wednesday, the newly appointed chief defended the company’s financials, saying that “we can turn the knobs to get this business even on a full basis profitable, but you would sacrifice growth and sacrifice… Read More

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SignAll is slowly but surely building a sign language translation platform

 Translating is difficult work, the more so the further two languages are from one another. French-Spanish? Not a problem. Ancient Greek-Esperanto? Hard. But sign language is uniquely difficult because it is fundamentally different from spoken and written languages. All the same, companies like SignAll are working hard to make accurate, real-time machine translation of ASL a reality. Read More

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Florence invites you into an interactive graphic novel about finding love (and losing it)

 The latest game from Monument Valley designer Ken Wong doesn’t have much in common with the brilliant pastel puzzler, but that doesn’t mean it isn’t worth experiencing. Florence, available now in the App Store, isn’t really a game so much as a graphic novel strewn with a few interactive moments, kind of like quicktime events but pleasant instead of annoying. Read More

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As 99designs turns 10, CEO Patrick Llewellyn plans for an Australian IPO

Patrick Llewellyn Crowdsourced design marketplace 99designs launched 10 years ago this week, so I talked to CEO Patrick Llewellyn (who joined in 2009) about the anniversary, and where the company goes from here. Turns out Llewellyn and the official 99designs headquarters both relocated back to Melbourne recently, a move that’s intended to lay the groundwork for 99designs to go public on the… Read More

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MIT’s new chip could bring neural nets to battery-powered gadgets

 MIT researchers have developed a chip designed to speed up the hard work of running neural networks, while also reducing the power consumed when doing so dramatically – by up to 95 percent, in fact. The basic concept involves simplifying the chip design so that shuttling of data between different processors on the same chip is taken out of the equation. The big advantage of this new… Read More

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