The augmented reality and virtual reality segments captured $686 million of investments last year, according to a new report from Digi-Capital. AR/VR have been in the spotlight recently as Facebook (FB)-owned virtual reality firm Oculus opened preorders for its Rift headsets last week, and as Alphabet (GOOGL)-owned Google made a major investment in technology that merges the physical and digital worlds. Alphabet and Facebook are taking early
Electric car maker Tesla Motors (TSLA), Google self-driving car developer Alphabet (GOOGL) and four other automakers stood by at the Detroit auto show Thursday, supporters in a pivotal federal autonomous driving announcement. U.S. Department of Transportation Secretary Anthony Foxx introduced the Obama administration’s $4 billion, 10-year plan to get self-driving cars onto U.S. roads in “corridors” throughout the country. Along with Tesla Motors
Alphabet (GOOGL)-owned Google will see strong revenue growth in Q4, underpinned by continuing growth in search advertising, according to a report on Thursday from ITG Investment Research. “We expect new segment disclosures, along with improvements in cost and capital structures, to be additional positives that could impact the quarter and the rest of 2016,” wrote ITG Investment analyst Steve Weinstein. “Our data suggest modestly better volume and