business

IMAX virtual reality movie theaters are coming this year

IMAX virtual reality movie theaters are coming this year

IMAX, the company behind the technology used in those really big movie theater screens that certain films play on, has plans to give virtual reality a similar theater-going experience. Before the end of the year, IMAX will open six locations to host "VR experiences" that go above and beyond what consumers can get at home, reports the Wall Street Journal. These experiences will held in places like movie theaters and malls, starting with Los Angeles and eventually heading to China.

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Apple dev office opens doors in Hyderabad

Apple dev office opens doors in Hyderabad

Apple has announced the opening of a new development office in Hyderabad, India. This new office was opened to focus on the development of maps for Apple products like the iPhone, iPad, Mac, and Apple watch. The opening of the new development office will create up to 4000 jobs in according to Apple.

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DAO organization raises $100m, without CEOs, managers

DAO organization raises $100m, without CEOs, managers

Every employee, at one point in time or another, probably dreamed of working in a company where no one is the boss. While there are indeed some small businesses, especially startups, that follow that culture, every organization has leaders, managers, board members, and what not. Not DAO. Short for "Decentralized Autonomous Organization", the very name itself signifies that it has no such overlords. Instead, everything DAO does is determined through "contracts" and computer code. And despite that somewhat nebulous description, DAO has already managed to raise more than $100 million from investors. At least the real world eqiuvalent of virtual money.

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MCX postpones CurrentC mobile payment, lays off 30 employees

MCX postpones CurrentC mobile payment, lays off 30 employees

Did MCX, short for the Merchant Customer Exchange, bite off more than it can chew when it proudly revealed CurrentC to take on the likes of Apple Pay and Android Pay? Perhaps that is the case. Or maybe MCX finally understood the writing that has been on the wall ever since it announced its mobile payment system back way back in 2014. Now the consortium has announced that it is postponing the rollout of CurrentC and, as a side effect, is letting go of 30 of its staff.

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Walmart Pay arrives in 590 stores across Texas and Arkansas

Walmart Pay arrives in 590 stores across Texas and Arkansas

Walmart Pay is finally starting its grand rollout, giving the retailer’s hoard of shoppers a mobile way to pay in-store that doesn’t involve Android or Apple. The rollout is starting with Arkansas and Texas, but not in a trickling fashion — all the stores in both states are getting support for the mobile payment option, amounting to 590 locations. Walmart Pay was first announced this past December.

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Amazon tipped to launch its own private-label food by early June

Amazon tipped to launch its own private-label food by early June

Amazon will soon be launching its own perishable foods and other products under its own private-label brands, according to sources, something we've heard talk of in the past. These private-label brands are said to include things like laundry detergent and diapers, as well as food items like baby food, spices, and coffee. We may be seeing some of these products become available by the beginning of June, the sources say, and they’ll include brands like Mama Bear and Happy Belly.

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Acer joins Starbreeze in developing VR headset for theme parks, arcades

Acer joins Starbreeze in developing VR headset for theme parks, arcades

Starbreeze isn't a name you may hear very often, but for the last year the game studio has been working on the StarVR system, a high-end headset that will be used in theme parks and arcades. Now they've partnered up with Acer to continue development, the companies have announced. Part of the computer maker's contribution will be building desktops and laptops powerful enough for StarVR to run off of.

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Tesla nabs Audi exec Peter Hochholdinger as production boss

Tesla nabs Audi exec Peter Hochholdinger as production boss

Tesla has hired long-running Audi executive Peter Hochholdinger as its new Vice President of Vehicle Production. In his role, Hochholdinger will be aiding the auto maker in achieving its-ever growing production goals, ensuring the company is able to deliver on its Model 3 promises while keeping up Model X and Model S production. Before Tesla, Hochholdinger spent 22 years at Audi, where he has roles in ‘the entire production chain,’ helming production for multiple Audi models and more.

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Apple invests in Didi Chuxing, Uber’s Chinese rival

Apple invests in Didi Chuxing, Uber’s Chinese rival

For years now, people have been speculating on Apple's more formal entry into the automotive business, especially after Google revealed its self-driving car project. But while Cupertino remains coy on that matter, it is entering the industry through yet another door. It has just invested $1 billion in a Chinese company named Didi Chuxing, formerly Didi Kuaidi. While practically unheard of overseas, this company is seen to have single-handedly threatened Uber's dominance in the ride-hailing service market. And, quite surprisingly, Apple suddenly seems to want a piece of that as well.

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Walmart rolls out free two-day shipping in jab at Amazon

Walmart rolls out free two-day shipping in jab at Amazon

Walmart's no stranger to taking on Amazon; last year, for example, the retailer announced a flat-rate unlimited shipping option called ShippingPass that undercut Amazon Prime at $50/year while offering a similar level of convenience. Now the company is stepping up its game, revealing plans to offer free two-day shipping to customers who prefer ordering online rather than visiting a store; a $49/year ShippingPass subscription will be required.

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Nintendo insists on calling next mobile games “free to start”

Nintendo insists on calling next mobile games “free to start”

A rose by any other name would smell as sweet, Shakespeare did write. But the same is true for undesirable things as well. Nintendo might be trying to distance itself from the ubiquitous but still criticized free-to-play games, but its still ambiguous "free-to-start" model might not fare any better. In fact, given the literal interpretation of the phrase and Nintendo's rather colorful reputation in today's gaming market, the label might do more harm than good in promoting Nintendo's upcoming mobile titles.

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Apple denies that iTunes will end music downloads by 2018

Apple denies that iTunes will end music downloads by 2018

There's no doubt that streaming music is rapidly becoming the standard way people consume digital audio — it hasn't already for many users. Streaming has already surpassed physical music sales in terms of revenue, and it will likely overtake downloads sometime in the future. But the idea of streaming being the only option for paying for music is certainly something many would balk at, which is why Apple made the rare move of shutting down a rumor that iTunes would discontinue music downloads in the next few years.

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