A coalition of 100 investors announced plans to build a "Chinese-controlled economic zone" populated by skyscrapers and luxury residences. Their new city will be in Kenya, but the goal is to "match the glamour of Dubai." What would motivate investors to go to the trouble of building a massive new city in a country other than their own? It’s pretty simple, actually.
Four years ago, Oslo-man Christopher Koch’s girlfriend scoffed at his purchase of $27-worth of Bitcoin. Chances are she was singing a decidedly different tune last April, when Koch checked back in on his investment and found out it was worth $886,000. And over a cool million today.
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If there’s one thing I know about Gizmodo readers and staff, it’s that we all have a bunch of excess money that’s stressing us out. What should we do with it? Where should we invest it? Tough questions. But even if the whole tech startup vs. blockbuster investing question doesn’t quite apply to you it’s still kind of fascinating. The bottom line is, unsurprisingly, that they’re both super risky, but for different reasons.
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You gotta spend money to make money. Samsung knows that, which is why the Korean powerhouse will be spending about 5 trillion won (roughly $4.5 billion) to build five new R&D centers over the next three years. All of the facilities will be in the company’s homeland, with a $1 billion research center set to open in southern Seoul late in 2015. At that particular building, it’s expected that some 10,000 employees will take up residence, focusing primarily on design. Samsung also plans to dedicate new R&D centers to materials and component development, as well as chips and displays. In 2012 Samsung dropped a company-record 11.9 trillion won (about $10.5 billion) on R&D, and there’s no sign that it’ll be slowing down anytime soon. In fact, its research budget is up about $1.4 billion from 2011. Sure, there might not be as much of an immediate windfall from the investment, like you might see from an advertising blitz or lawsuit, but we’re willing to bet it keeps Sammy competitive for much of the foreseeable future.
Source: Korea Times
Chipmaker Qualcomm has finalized its investment in beleaguered display manufacturer Sharp. Announced back in December 2012 and totaling $120 million, the second portion of the investment was delayed earlier this year when Sharp failed to satisfy conditions for the investment. Sharp’s now confirmed the transaction, which gives Qualcomm a 3.53 percent share of the display maker, and will presumably increase its involvement on new screen tech being developed between the two companies. The combination of Qualcomm’s MEMs display products and Sharp’s high-resolution IGZO screens will apparently make its way into a number of devices in varying sizes. Qualcomm isn’t the only company with a vested interest in Sharp’s recovery, either — Samsung also holds a 3 percent stake.
Filed under: Displays
Source: Sharp (PDF)
Despite its image as an underdog, Roku knows how to court some heavy hitters in the TV business: on top of a total $80 million in previous investments, it just received a $60 million boost this week. The new funding round has BSkyB and News Corp returning with checkbooks in hand, but it also includes a fresh contribution from Hearst, which wants Roku’s help in building services for its TV channels. The media hub maker is getting more than partnerships in return, however. It’s using the cash to expand its Roku Ready program, which now includes 24 hardware partners. The company’s Anthony Wood ultimately wants Roku software to be commonplace — it can be an “operating system for televisions,” he tells The Hollywood Reporter. While there’s no guarantee that Roku will reach that kind of ubiquity, it may well have the cash to get there.
Filed under: Home Entertainment, HD
Via: Chip Chick
Source: Hollywood Reporter
Google Ventures has a reputation for backing tech winners early on — it gave a boost to this little startup called Nest, for example. It wants to exert influence every step of the way, however, and it’s launching Google Capital to make this happen. The new fund is investing in firms that aren’t quite so young, but are doing “amazing things” aligned with Google’s interests, according to general partner Mike Pearson. While Google Capital won’t make its formal debut until the summer, it has already invested in three unnamed companies; we wouldn’t be surprised if we learn a lot more about the fund a few months’ time.
Source: PCWorld
Google believes that it’s naive to build a wearable technology like Google Glass and expect successful businesses to simply materialize from thin air; those firms will need a financial nudge, too. Accordingly, Google is forming the Glass Collective to invest in projects centering on its eyewear. The partnership will see Google Ventures, Andreessen Horowitz and Kleiner Perkins Caufield & Byers unite on seed funding for those US-based startups which show promise in areas like communication and navigation. The group hasn’t named any targets for its cash, but it’s obviously very early days for both Glass and the Collective — Google needs more developers in the field before it can shower companies with support.
Update: According to TechCrunch, Google mentioned during the event that it hopes to get Glass hardware into developers hands “in the next month.” Since it started preregistering folks at last year’s I/O event, we’d also hope they will arrive in time for this year’s Google I/O and inevitable skydive-to-stage live stream.
Filed under: Wearables, Google
Via: Google Official Blog
Source: Glass Collective, TechCrunch
We introduced this news about Sharp’s capital alliance with Samsung recently, and today, Sharp announced that they have received payment for their new shares equivalent to 10.4 billion yen (109.3 million USD) from Samsung.
Number of new shares issued: 35,804,000 shares
Issue price: 290 yen per share
Amount of proceeds: 10,383,160,000 yen
Method of offering/allotment: Third party allotment
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