The Future Will See You Now
Welcome to Freshly Minted, where we examine an overlooked deal or funding announcement in tech from the past week, and tell you what you need to know, and why it matters.
This week’s deal: Matterport, a real estate startup that uses 3D camera technology, closed a $16 million Series B.
Matterport makes an expensive Read More
Internet of Things
The tech world has been buzzing about Amazon’s new Fire Phone, which has a small array of simple 3D cameras on the front. But today, Intel showed off their new 3D camera tech, and it already makes Amazon’s attempt seem quaint.
Intel has been working for years and has spent “hundreds of millions of dollars” on developing the depth-sensing cameras. They call the technology RealSense because of the lifelike way the cameras take the world in.
When Lawyers Send Letters
When people hear “Internet of Things,” their first inclination is to think of Google-owned talking thermostats. But it’s the less-buzzworthy global communications titans like Intel and Cisco who have been building up their portfolio of Internet of Things companies over the past few years — and they’re only getting started.
Intel recently bought up Basis Systems, which makes health tracking bands, and Cisco’s portfolio includes companies that put sensors in home utility meters and bicycles. These are companies that made their multinational empires building satellites and wireless networks — and now they want to develop consumer products that put sensors in alarm clocks, hearing aids and thermostats.
After the tech crash of the early 2000’s, major tech CEO’s started sending each other emails saying, ‘Hey, why don’t we try not to poach each other’s employees? It could keep salaries from going through the roof.’ Some, including Steve Jobs himself, would call that a gentleman’s agreement. The Department of Justice, however, calls it collusion, and now some of the biggest names in tech history are paying up.
Apple, Google, Intel and Adobe have agreed to settle a class action lawsuit for $324 million, Reuters is reporting. About 64,000 tech workers sought a combined $3 billion in damages, and while the settlement is technically a victory, it comes out to roughly $5,000 per employee — a far cry from the roughly $47,000 each that they wanted.
Goooood Morning Silicon Alley!
Things are finally looking up for John McAfee! Intel is dropping his name from the godforsaken antivirus software he sold to them in 1994, meaning the international man of mystery is finally free to party with strippers and snort bath salts and shoot guns at shit to his heart’s content…oh wait, Read More
When Lawyers Send Letters
This is a guest post from Gary Sharma (aka “The Guy with the Red Tie”), founder and CEO of GarysGuide and proud owner of a whole bunch of black suits, white shirts and, at last count, over 40 red ties. You can reach him at gary [at] garysguide.com.
On Nov. 9, the good folks @ XO Group and Angelhack are organizing We Hack to Help Women, a hackathon to help build sustainable technological solutions to better the lives of women around the world. Use the discount code “hack4women” for 50 percent off.
Today, in lawsuits: A disgruntled employee is suing Intel, after his (jerk) coworkers at Intel’s New Mexico manufacturing facility allegedly stuck a “Kick Me” sign on his back and, yes, kicked him several times, then “laughed hysterically.” Cool company culture, dudes.
The AP reports:
Recording artist Will.i.am, as you may know, is something of a self-styled technologist. Besides holding down a sweet gig as Intel’s director of “creative innovation,” he pops up in pro-coding propaganda and once featured a Makerbot in one of his videos, because why not. Now he’s further demonstrating his devotion to technology in the title of his latest track: “#thatpower,” released today.
Google’s Mountain View campus is home to a beach volleyball court, a bowling alley, a climbing wall, seven fitness centers, “more than 100 micro-kitchens” and, it seems, toxic vapors.
CBS says readings of TCE, or trichloroethylene vapors, as high as eight micrograms per cubic meter were found in Google buildings. Not to get too Erin Brokovich on you, but the normal range is five per cubic meter.
Aleksey Vayner, the Yale grad who gained Internet infamy in 2006 for his video resume, “Impossible is Nothing,” is dead at 29. [Motherboard]
Square COO Keith Rabois is leaving the San Francisco-based payments company; Kara Swisher says disagreements with CEO and founder Jack Dorsey are at least partially behind the departure. [AllThingsD]
The latest petty sleight in the high-school style feud between two social media giants: Facebook has cut off access to Twitter’s new video-sharing service, Vine, preventing the app from using Facebook to find new friends. [AllThingsD]
What asshole decided to name a smartphone made for the African market YOLO? [Mashable]
A French court wants to force Twitter to reveal the identities of users who author racist tweets in violation of the country’s hate-speech laws. Twitter is deciding whether to fight the ruling. [NYT]