Unnamed sources report that Microsoft has agreed to invest in Uber. Although details are not yet public, the company is expected to invest a significant portion of the upcoming $1 billion funding round that values Uber at around $51 billion. That new funding round — and the valuation — makes Uber one of the most highly valued private companies ever, along with startups such as Xiaomi, a Chinese electronics company valued at around $45 billion and Airbnb, valued at more than $24 billion. Continue reading Microsoft Reportedly Plans to Invest Significant Sum in Uber

Facebook plans to ramp up its efforts to provide free basic Internet on mobile devices, after successfully debuting the application through its Internet.org platform in 17 developing countries. The company will launch a dedicated portal for mobile operators to offer the service under Internet.org, which has brought nine million people online in the last year. Facebook hopes to bring an estimated 4.5 billion people online in Latin America, Asia and Africa. The platform offers free pared-down Web services and Facebook’s social network and messaging. Continue reading Facebook Continues its Push to Deliver Free Mobile Internet

India-based InMobi launched a new advertising technology this week called Miip (pronounced Meep), which features an animated monkey that follows users through apps and provides useful suggestions for products. The recommendations typically involve items that users may be interested in purchasing, and are suggested through a text bubble. Over time, InMobi hopes that users will become more inclined to click on a pop-up or even provide feedback if the monkey makes useful suggestions. Continue reading InMobi Launches Miip, a New Interactive Advertising Technology

As part of the growing backlash to Facebook’s Internet.org project, 65 advocacy organizations from 31 countries released a letter of protest this week to Facebook CEO Mark Zuckerberg. Facebook has partnered with wireless carriers and other organizations on the initiative that hopes to bring free Internet service to the developing world. However, the letter argues that the project “violates the principles of net neutrality, threatening freedom of expression, equality of opportunity, security, privacy, and innovation.” Continue reading Letter Released in Protest of Facebook’s Free Internet Project

Despite attempts by tech companies to make the Internet more accessible to people around the world, especially to those living in developing countries, the Internet’s growth has been decelerating. Facebook and Google have both invested in technologies such as satellites, drones and high-altitude balloons to deliver global Web access. However promising these efforts have been, global Web access has proven to be more contingent on whether people deem the Internet useful in the first place.  Continue reading Tech Companies Target Developing Countries for Web Expansion

“Furious 7,” the latest installment in the “Fast and Furious” franchise, broke box office records last weekend, and that’s not even counting the people who watched the movie at home. From Thursday to Monday, the film had been illegally downloaded 2.59 million times on torrent networks. Meanwhile, fans could legally stream the movie on PRIMA, a streaming set-top box. For the luxury of streaming movies opening weekend, PRIMA users would have to shell out $500 for the 24-hour rental. Continue reading Pirates and the Wealthy Watching Theatrical Releases at Home

Microsoft is planning to invest in Cyanogen, a startup that is building another version of the Android mobile operating system independent of Google. While Google requires smartphone manufacturers to feature Google apps and Google search, Cyanogen’s new operating system does not plan to have any similar requirements. For Microsoft, that means its Bing search engine and other software has a better chance of succeeding on smartphones with the alternative Cyanogen-built operating system. Continue reading Cyanogen: Microsoft Plans to Invest in New Version of Android

Samsung has ambitious plans for its Tizen operating system, which the South Korean manufacturer is promoting as an alternative to Google’s Android. After launching an affordable mobile phone powered by Tizen in India, Samsung’s next goal is to equip half of all its TV sets with the Tizen operating system this year. At CES this month, Samsung said it aims to sell 60 millions TVs in 2015, 30 million of which would be powered by Tizen. The company hopes that by 2017, all of its Internet-connected TVs will be Tizen-enabled sets. Continue reading Samsung Sets High Goals for Future of Tizen-Powered TVs

Following earlier setbacks, Samsung has launched its Tizen mobile operating system in New Delhi, India with the entry-level Samsung Z1, priced less than $100. Tizen joins the likes of Google’s Android and Apple’s iOS systems that collectively hold over 95 percent of the market. Samsung is initially focusing on India’s population of mobile phone users since many of them still own basic phones. Samsung hopes to build from the market in India, gain momentum and incentivize app developers to build for Tizen. Continue reading Samsung Launches New Phone Powered by Android Rival Tizen

Xiaomi is the most popular smartphone maker in China and the third largest phone maker in the world. During the next year, the company hopes to expand its presence outside of China to developing markets in India, Brazil, and Indonesia. The company specializes in manufacturing low-cost, well-designed phones that they sell primarily online. Xiaomi is also hoping to increase profits by selling apps and entertainment for the phones, along with other electronic devices like a tablet and smart TV. Continue reading Chinese Smartphone Maker Xiaomi Wants to Go International

Security researchers at antivirus company Symantec recently discovered malware that has been used to target and spy on researchers, governments, businesses and telecommunications infrastructures across as many as ten different countries. The malware, called Regin, is being traced back to 2008 and is being identified as a highly sophisticated spying tool built to access a computer’s most sensitive information including secured files and documents, passwords and memory. Continue reading Regin: Symantec Researchers Uncover Sophisticated Spy Tool

Google is playing catch-up in the world of mobile messaging apps in emerging markets overseas. Facebook closed on the $19 billion WhatsApp acquisition earlier this week, and reportedly, Google may have a similar app in the works. The company plans to test its app in India and other emerging markets, which is where tech companies are now looking for growth. A messaging app from Google could help the brand find a foothold in these markets and eventually generate revenue. Continue reading Google Developing Messaging App to Compete with WhatsApp

While Apple had a big weekend selling more than 10 million new iPhones, it wasn’t the only tech giant breaking records. Chinese e-commerce company Alibaba Group Holding Ltd. closed its first day of trading on Friday at $93.89 per share, a 38 percent increase from its IPO price, and the biggest first-day jump for an IPO of at least $10 billion. The IPO became the largest ever at $25 billion, after underwriters exercised a greenshoe option to increase the deal size by 15 percent based on strong demand. Continue reading Alibaba Sets World IPO Record After its First Day of Trading

Google has joined Amazon in the race to deliver goods faster by small unmanned aircraft. The tech giant has had “Project Wing” in development for two years, but the company does not expect to build mini helicopter drones for another few years. Meanwhile, the Federal Aviation Administration is still imposing restrictions on flying drones in the U.S., which could slow such plans. Amazon, however, may start drone delivery in India, which does not currently have drone regulations. Continue reading Amazon and Google Continue Their Plans for Drone Delivery

BuzzFeed, which currently draws more than 150 million average monthly viewers, wants to become known for more than its numbered lists popular with Web surfers. To achieve this goal, the startup just closed a $50 million investment from Silicon Valley VC firm Andreessen Horowitz. The investment will be used to develop new content sections for the site, create an in-house incubator for new technologies, and put more resources toward its LA-based video arm, BuzzFeed Motion Pictures. Continue reading BuzzFeed is Using Investment to Test a Host of New Features