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Apple Debuts New Mac Mini

  Photo credit: Apple Apple has unveiled three new additions to its lineup of Mac computers, a new MacBook Air , MacBook Pro , and Mac Mini. The three new additions are notable for featuring the Apple M1 chip, which is the first chip built by Apple specifically for the Mac and is the company's most powerful chip ever. Thanks to the M1, the new Mac Mini packs very high performance in a compact design. Per Apple, the new Mac mini performs up to 3x faster and delivers graphics up to 6x faster than its predecessor. Apple says it runs machine learning workloads up to 15x faster than previous Mac Minis, giving way for applications that make use of machine learning to run much faster.  Per Apple, the new Mac Mini performs better than its predecessor in these ways; Compile code in Xcode up to 3x faster.  Play a graphics-intensive game with up to 4x higher frame rates.  Render a complex timeline in Final Cut Pro up to 6x faster.  Take music production to new levels by using up to 3x as many

Apple Debuts New MacBook Pro

  Photo credit: Apple On Wednesday, Apple unveiled its most powerful chip ever, the M1 chip that's designed specifically for the Mac. Packing 16 billion transistors, it's the first processor that Apple has built specifically for its Mac lineup of computers. As such, Apple has unveiled three new additions to the Mac lineup that feature the M1 chip; a new MacBook Air , a new Mac Mini, and a new MacBook Pro. The new MacBook Pro is the most powerful ever thanks to the M1 chip. Per Apple's words, it's up to 2.8x faster and delivers graphics of up to 5x faster than its predecessor. It does well in battery life, with up to 17 hours of wireless web browsing and 20 hours of video playback after a full-charge, per Apple. Per Apple, the new MacBook Pro performs better than the previous generation in these ways; Build code in Xcode up to 2.8x faster. Render a complex 3D title in Final Cut Pro up to 5.9x faster.  Fluidly design intricate game scenes in Unity Editor up to 3.5x faste

Apple Debuts New MacBook Air

  Photo credit: Apple Just a short while after debuting the iPhone 12 , Apple is back yet again with the debut of a new MacBook Air, this time a new MacBook Air that features the newly-unveiled Apple M1 chip. The M1 is the most powerful chip that Apple has ever created and is designed specifically for the Mac. It's made up of an astounding 16 billion transistors, the highest number of transistors Apple has ever put into a chip. The new MacBook Air does well in battery life, with up to 18 hours of video playback and 15 hours of wireless web browsing after a full charge, per Apple's statement. It features Apple's latest image signal processor on the M1 chip that caters to high-quality camera footage. Compared to its predecessor, the new MacBook Air performs up to 3.5x faster thanks to an 8-core CPU and delivers graphics up to 5x faster thanks to an 8-core GPU. On the new MacBook Air, machine learning workloads are up to 9x faster compared to its predecessor, giving way for a

DJI Debuts The Mini 2

  Photo credit: DJI Drone maker DJI has debuted the successor to the popular Mavic Mini drone, this time unveiling a drone with a maximum transmission range of 10km, a 150% increase compared to its predecessor, and up to 31 minutes of flight time, with the ability to withstand wind speeds of up to 24mph. The new Mini 2 as it's named features the iconic folding design that makes moving around with the drone fairly easy. The new Mini 2 is capable of recording 12-megapixel images and a maximum video resolution of 4K/30fps @100 Mbps. It's able to fly backward and upward and track subjects via its camera. Now, with the Mini 2, a cell phone can be connected directly to the drone without the need for a remote controller.   Photo credit: DJI  Like other DJI drones, the Mini 2 packs safety features such as geo-fencing to keep drones away from sensitive areas like airports and a 'Return to Home' option that can be activated to take the drone back to the originating position of

Apple Working On New AirPods: Report

Photo credit: Apple Apple is working on two new AirPods models; a third-generation entry-level version and the second version of the AirPods Pro earbuds, according to a report [paywalled] by Bloomberg . The entry-level AirPods as it name suggests is one that'll likely be cheaper compared to other AirPods but will assumedly not have higher-end features like others. Apple is working to make a new AirPods Pro that'll be more compact by getting rid of the short stem that currently sticks out of the bottom, Bloomberg reports. The design in testing is said to be that of a round shape that'll better stick to users' ears without the need of a supporting handle, a design that's currently adopted by the competing Samsung Galaxy Buds. Apple is said to be considering launching the new AirPods in the first half of next year. Apple has seen huge success from the AirPods since it launched the product in 2016. Although the company doesn't disclose revenue figures solely for th

GM Unveils The Hummer EV

Photo credit: GM American automaker General Motors (GM) has unveiled an all-electric make of its popular Hummer brand of rugged trucks, this time named the GMC Hummer EV . The new truck is the first fully electric addition to the GMC brand of vehicles and is one that'll be powered by the new 'Ultium' batteries made by General Motors and draw its power from the new 'Ultium Drive' electric motors. The new Hummer EV will provide an estimated 1,000 horsepower and 11,500 lb-ft of torque for driving. Among its notable features include an underbody armor consisting of sturdy steel plates that are strategically placed around the vehicle's battery pack; new front and rear underbody cameras that'll help drivers to navigate obstacles both on and off-road; a 4 wheel steer system; and an 800-volt DC public fast-charging system. Photo credit: GM Photo credit: GM The GMC Hummer EV will have a range of 350 miles on a full charge. Production of the new vehicle is scheduled

Beats Debuts $50 Wireless Earbuds

  Beats Flex Photo credit: Beats Electronics Beats Electronics, the consumer audio products manufacturer owned by Apple, has debuted what counts as its cheapest-ever product, a $50 wireless headphones that's touted as "Apple tech meets Beats sound". The new low-priced wireless headphones is one that packs a 12-hour battery life, an upgraded microphone for enhanced sound, and USB-C charging compatibility in a simplistic design. As expected, the $50 Beats Flex headphones features Bluetooth connectivity to cater to wireless use. Along with a strong 12-hour battery life for the Beats Flex comes fast charging, in this case Apple's dubbed 'Fast Fuel' charging where a 10-minute charge gives 1.5 hours of playback.  Kit with Class 1 Bluetooth technology (66–98 ft), the Beats Flex offers an extended wireless range and fewer dropouts when connected to external devices. Like similar wireless headphones, it can be operated with on-device controls, compatible with both the

Apple Debuts The iPhone 12

Photo credit: Apple Apple has as usual unveiled a new smartphone for this year, being the awaited iPhone 12 series which include the iPhone 12 itself, the iPhone 12 mini , the iPhone 12 Pro , and iPhone 12 Pro Max variants, all of which are compatible with the 5G cellular standard. The basic iPhone 12 packs features including an edge-to-edge display, the A14 Bionic chip which is Apple's most powerful mobile chip so far, a dual-camera system, and MagSafe  magnetic wireless charging. MagSafe refers to a brand of magnetically attached power connectors originally introduced by Apple for its MacBook laptops in 2006 but discontinued in July last year. Now, Apple has revived the magnetic charging technology this time for the iPhone 12. MagSafe. Photo credit: Apple The iPhone 12 is compatible with 5G cellular networks, at a time when it's being adopted gradually across the globe. With 5G comes desirable traits such as faster downloads and uploads, higher quality video streaming, more

Apple Debuts The HomePod Mini

Photo credit: Apple Tech giant Apple has unveiled a smaller version of its popular HomePod smart speaker, this one dubbed the HomePod mini  which stands at just 3.3-inches tall and will retail for $100, compared to $300+ for the original HomePod. Just like the original HomePod, the mini version delivers rich sound, smart home controls, and integration with the Siri virtual assistant. It's designed to work with services like Apple Music, podcasts, and radio stations and in the coming months will get integration to popular music services including Pandora and Amazon Music. HomePod mini smart speakers are able to work in sync with each other, an example being multiple HomePod minis placed in a large room and playing the same thing.  The HomePod mini integrates easily with Apple devices such as the iPhone, Mac, and Apple TV. It packs an intercom system that enables different HomePod minis within the same vicinity to communicate with each other.  Apple touts the HomePod mini as being ma

Bose Debuts New Sleepbuds

  Photo credit: Bose Audio hardware maker Bose has debuted the Sleepbuds II , the second iteration of the company's earbuds which are specifically tailored for sleep activity. The new Sleepbuds II packs improvements on its predecessor, with better noise masking, new content categories, a new enclosure, and a new acoustic and electronics design. The new Sleepbuds will retail for $250, with availability beginning on the 6th of October. Bose's Sleepbuds aren't usual earbuds as they don't play music or allow users to take calls. They simply play various tracks of soothing white noise to block out unpleasant sounds and distractions to cater to better sleep activity. The Sleepbuds can also be used to set alarms that won't disturb one's sleeping partner. They come out of the box with over 35 free sleep tracks, and with more available for purchase. Bose says its effectiveness was proven by a joint study with the University of Colorado Anschutz Medical Campus and the UC

Oculus Debuts Quest 2

Photo credit: Oculus Facebook-owned virtual reality company Oculus has debuted the Quest 2 , the successor to the Oculus Quest virtual reality headset that was released in May of last year. The new Quest 2 is an all-in-one VR headset that features the highest resolution display ever seen in an Oculus headset. It weighs less than the previous Oculus Quest and also costs less, starting at $299 compared to the previous Quest which retailed for $399 but nevertheless widely sold out across stores . The Quest 2 is powered by a Qualcomm Snapdragon XR2 Platform processor and packs 6GB of internal memory. Other of its notable features include an 1832 x 1920 pixels display and gameplay support at refresh rates of 90 Hz.  Just like the previous Quest, the new Quest 2 is an all-in-one virtual reality headset that doesn't require connection to an external computer or tracking sensors for use and is built for fit and comfort. The new Quest 2 and the previous Quest share the same game and conten

Apple Debuts New iPad Air

Photo credit: Apple Apple has unveiled a new iPad Air that's the most powerful ever, with features including an all-screen design with a 10.9-inch display, a 12MP rear camera, and a Touch ID sensor. The new iPad Air is fitted with the new  A14 Bionic chip, a 6-core chip that'll also be present on the next generation of Apple iPhones. The A14 Bionic chip caters to faster performance such as a 40% boost in CPU performance and a 30% boost in graphics compared to the A13 chip.  The new iPad Air includes a new 12MP rear camera as well as a 7MP front-facing camera. It comes with a USB-C port that caters to data transfer at rates of up to 5GB-per-second. Another of its key features is the new iPadOS 14.  In line with Apple's goal to become carbon neutral by 2030, the company made the new iPad Air using what it says is a 100% recycled aluminum enclosure and 100% recycled tin for the solder on the iPad's main logic board. The speakers of the new iPad also uses magnets made from

Apple Debuts A Cheaper Smartwatch

Photo credit: Apple Apple has announced the Apple Watch SE , a cheaper variant of its popular lineup of premium smartwatches. The new Watch SE, taking the 'SE' name that's usually given to more affordable options of Apple's majorly premium products, packs similar features present in normal Apple smartwatches, including the same accelerometer, gyroscope, and always-on altimeter as the also newly unveiled Apple Watch Series 6 , as well as safety capabilities including fall detection, Emergency SOS, and international emergency calling.  The Apple Watch SE features Retina display, with thin borders and curved corners that's 30% larger than that of the Apple Watch Series 3. It comes with a dual-core processor that caters to fast performance, for comparison up to two times faster than the Apple Watch Series 3. Other of its features include standard ones like Bluetooth connectivity, Apple Siri, and the presence of a speaker and microphone. The basic (GPS) version of the Ap

Anduril Debuts New Counter Drone

Photo credit: Anduril Industries Anduril Industries, a defense startup based out of Orange Country, California, has unveiled a new version of its stealthy counter drones, this time named the Ghost 4 . The Ghost 4, designed and manufactured in the US, is tailored for military customers. It's capable of real-time intelligence and surveillance operations and with an all-electric powertrain that enables more than 100 minutes of flight time on full charge. The Ghost 4 is autonomous, eliminating the need for serious manpower and pilot skill requirements to operate it. With its unique capabilities, one single operator is capable of controlling large teams of the drone from a single ground control station. The Ghost 4 is a portable multipurpose drone that can be used on a variety of mission types such as gathering of aerial intelligence, signals intelligence, cargo delivery monitoring, and reconnaissance. The drone is fitted with a gimbal that gives space for the attachment of foreign equi

Bose Debuts New Earbuds

Photo credit: Bose Wireless audio company Bose has unveiled a new line-up of noise-canceling earbuds named QuietComfort . The new earbuds measure over an inch long and weighs a minute 0.3 ounces. Among its features and specifications include 6 hours of battery life, 11 levels of noise control, and compatibility with both iOS and Android devices. Along with the  QuietComfort  earbuds, Bose also debuted another pair of earbuds, the  Sport Earbuds . Respectively, the QuietComfort and Sport earbuds will retail for $280 and $180. They'll both become available for purchase on the 29th of September.  The Sport earbuds has similar features to the QuietComfort. It packs 5 hours of battery life on a full charge, compared to 6 for the QuietComfort. It'll be available in Black, Blue, and White colors while the QuietComfort comes in Black and Soapstone colors.

Samsung Debuts New Gadgets

Photo credit: Samsung At the latest installment of its Galaxy Unpacked event, Samsung, as usual, has debuted new gadgets for consumers, this time particularly, new smartphones, earbuds, a tablet, and a smartwatch, respectively the Galaxy Note20 series and a new Galaxy Fold , the Galaxy Buds Live , Galaxy Tab S7 series, and the Galaxy Watch 3 . All the new gadgets will be released as soon as this month. Galaxy Note20 Samsung has debuted the Galaxy Note20 smartphone and a Note20 Ultra variant. The infographics below sheds light on their specifications and features; Photo credit: Samsung Photo credit: Samsung The Note20 series will become available for sale in select markets beginning on the 21st of August, 2020. Galaxy Z Fold2 Photo credit: Samsung Samsung has debuted the second iteration of its iconic Galaxy Fold foldable smartphone. Its flagship feature is a 7.6-inches main screen and 6.2-inches cover screen (edge-to-edge display). Galaxy Tab

Samsung Debuts Galaxy Watch 3

Photo credit: Samsung At this year's installment of its Galaxy Unpacked event, Samsung has debuted the Galaxy Watch 3, the second iteration of the company's iconic line of smartwatches. The new smartwatch is 14% thinner, 8% smaller, and 15% lighter compared to the original Galaxy Watch, and with physical features including the iconic rotating bezel seen in previous Galaxy Watches. Among its specifications include; 8GB internal storage and 1GB RAM 360x360 AMOLED display Bluetooth/WiFi connectivity as expected and A 247mAh or 340mAh battery, depending on the version. The Galaxy Watch 3 is available in two length types, a 41mm (with a 247mAh battery) and 45mm (with a 340 mAh battery). It'll become available in select markets beginning from tomorrow, the 6th of August, 2020. Photo credit: Samsung Update [8/6/20] : we made a correction to indicate that the Galaxy Watch 3 is actually the second iteration of the Galaxy Watch rather than the third, given there was

Apple Debuts iOS 14

Photo credit: Apple At this year's Apple Worldwide Developers Conference (WWDC) which kickstarted on Monday, the 22nd of June, Apple has debuted iOS 14 , the 14th iteration of the company's popular smartphone operating system. The iOS 14 brings along new changes, among them a new way to discover and use apps ("App Clips"), new updates to the Messages app (users can now pin conversations to the top of their message list, keep up with group threads through mentions and inline replies, e.t.c), enhanced privacy features, and the likes. Other notable updates include the use of "digital car keys", seamless switching of the AirPods between Apple devices, third-party device support for the Find My app, audio messages for Siri, and an updated Health app. So far, Apple has unveiled the iPadOS 14 , the watch OS 7 , and a new macOS version. A live-stream of the WWDC can be accessed via this link [YouTube] .

Vivo Debuts X50 Series

Vivo X50 Series. Photo credit: Vivo Chinese smartphone brand Vivo has debuted yet another smartphone series, this time the X50 alongside its  X50 Pro and  X50 Pro+ variants. The X50's seemingly most notable feature is a gimbal-style camera system that moves in the opposite direction of shaking motions during picture takes and, in turn, helps stabilize the smartphone to ensure quality pictures. Other of its notable features include support for 5G connectivity, a Qualcomm Snapdragon 865+X55 processor, and a screen refresh rate of 90/120Hz. The Vivo X50 is a very slim phone, measuring only 7.49mm thick. For a fact, Vivo touts it as "the slimmest 5G phone ever." Vivo actually didn't offer much information on its new smartphone. As for now, pricing for the smartphone isn't even known. What's definitely clear from available information is that the X50 series features a very solid camera system and supports 5G connectivity, which may just be aroun

Sony Debuts New Digital Camera

The Sony ZV-1 camera. Photo credit: Sony Popular electronics brand Sony has debuted yet another digital camera, this time a lightweight, pocket-sized digital camera called the ZV-1 , which is primarily targeted at content creators. Among the camera's features include the ability to lock on to and track subjects and objects, high resolution, enhanced audio quality, and Bluetooth connectivity. The ZV-1 can also be transformed into a webcam by connection to a personal computer via USB. The Sony ZV-1 weighs 294 grams and measures 105.5mm x 60.0mm x 43.5mm. Among its hardware parts include a 3.5mm standard mic jack, the latest Bionz X image processor, a wind-screen accessory that minimizes wind interference, a tiltable LCD screen, and a directional 3-capsule microphone made by Sony. The ZV-1 will be released in early June for a slightly discounted price of $750. Beginning from the 28th of June, however, the retail price of the camera will be $800.

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Pokémon Go Creator Niantic Raises $300M, Valued At $9B

Niantic , an augmented reality (AR) company whose products include the famous  Pokémon Go game, has raised a big new round of funding. It's raised $300mn in funding at a valuation of $9bn. All the funding came from just one investor; Coatue , a New York-based hedge fund famous for investing in many blue-chip tech startups. With its new funding, Niantic says it'll invest in current games and new apps and expand its AR developer platform called Lightship . The company says it's set on building the "real-world metaverse," jumping on the bandwagon popularized by Facebook's parent firm, Meta.  The base for Niantic's metaverse vision is the Lightship developer platform which it launched this month. It's a platform for developers to build augmented reality apps and experiences, drawing from Niantic's tools that helped create its hit  Pokémon Go game. To draw creators to Lightship, Niantic has also set up a $20mn venture fund to invest in AR startups

Deal: Workday Buys Ohio Startup Vndly For $510M

Workday (NASDAQ: WDAY), the famous HR/finance software vendor, has made a big new acquisition to support its platform. The company will acquire Vndly , a software platform for companies to manage contract workers. Vndly fits in well in Workday's overall software suite, and the rationale behind the purchase is clear. Vndly is an Ohio-based startup. Workday will pay $510mn to buy it, marking one of Ohio's biggest startup exits this year. Vndly has raised roughly $60mn from VCs, so a $510mn exit is very lucrative and more so for a startup founded just four years ago .  Before now, Vndly and Workday were already close allies. Vndly's platform is integrated with Workday's, with official certification to go. The Mason, Ohio-based startup is part of Workday's global network of endorsed software partners, so Workday didn't even have to look far to snatch its latest acquisition.  Vndly was founded in 2017 by two entrepreneurs,  Shashank Saxena and Narayana Surabhi .

Amazon, Apple Fined $230M For Reseller Collusion In Italy

Tech giants Amazon (NASDAQ: AMZN) and Apple (NASDAQ: AAPL) have been handed sizeable fines by the Italian government following an investigation into alleged reseller collusion between both companies. Amazon was fined €135mn ($151mn) and Apple  €69mn ($78mn), totaling $229mn .  The fine was levied by the  Italian Competition Authority . According to the agency, Apple and Amazon had a contractual agreement to allow  select resellers to sell Apple and Beats products on Amazon's Italian marketplace. The agency said that the selection was applied in a "discriminatory" way that violated European Union rules and affected price competition. According to the  Italian Competition Authority, at least 70% of local consumer electronics purchases are made on Amazon, making it a dominant retailer. This dominance, therefore, demands a "level playing field" for retailers that sell on Amazon's marketplace, the agency said. This is the nth time Amazon is getting in the cr

Antitrust: US DOJ Sues To Block Major Sugar Industry Merger

The U.S. Department of Justice (DOJ) is freshly on the antitrust circuit, seeking to block a merger it deems detrimental to consumers. The agency has filed a lawsuit to block the sale of  Imperial Sugar , a leading American sugar producer, to rival  U.S. Sugar . The DOJ says the proposed deal will make just two sugar producers account for an "overwhelming majority" of refined sugar sales in the U.S. Southeast, U.S. Sugar being one of the two producers. This concentration of power would make consumers pay more for refined sugar, the DOJ says.  Imperial Sugar is owned by Louis Dreyfus Company, a privately-held agricultural giant based in the Netherlands. The company agreed to sell Imperial to rival U.S. Sugar for the sum of $315mn this March.  U.S. Sugar is another privately-held agricultural giant headquartered in Florida. It can produce up to 850,000 tons of sugar annually at its refinery plant in Florida, and buying Imperial would give it two more sugar plants in Kentuc

Alt-Meat Maker Impossible Foods Raises $500M In Fresh Funding

A leading maker of plant-based meat substitutes, Impossible Foods , has obtained a fresh cash infusion from VCs. It has  raised $500mn in new funding, bringing the total amount of funding it has raised since inception to $2bn.  The latest round was provided entirely by existing investors doubling down on Impossible Foods.  Mirae Asset Global , a Korean investment firm, led the round and was joined by other unnamed existing investors.  It's evident that investors are longing for Impossible Foods, a leading brand in the nascent market for plant-based meat substitutes. There's clearly huge potential for plant-based meat substitutes, driven by an increasing vegan population and the appeal to lower the carbon footprint that spurs from meat consumption. To that end, Impossible Foods is growing rapidly. Its products can now be found in more than 20,000 retail stores, compared to 150 as of March 2020, and 40,000 restaurants globally. Over the past year, Impossible has launched in ne

Deal: KKR Makes $37B Buyout Offer For Telecom Italia

Private equity giant KKR (NYSE: KKR) has ventured into Italy for its latest buyout deal. The firm has offered to buy Telecom Italia (BIT: TIT), the largest telecom provider in Italy, in a deal worth  €33bn ($37bn), including debt. KKR offered 0.505 Euros in cash for each outstanding  Telecom Italia share, a 46% premium to the last closing share price before the offer. That sums up to  €10.7bn ($12bn) in cash to be paid for Telecom Italia, and including the telecom firm's large net debt of €22.5bn ($25bn) sums up to $37bn in total.  KKR's offer is non-binding and must be approved by Telecom Italia's board members and majority shareholders before the deal goes through. Approval must also come from the Italian government, which was veto power over the takeover of the formerly state-owned telecoms firm.  Telecom Italia gave no indication that it'll approve the deal. If approval is given, it'll mark one of the biggest buyout deals of a European company by an America

Earnings: Nvidia Is On A Tear

Chipmaking giant Nvidia (NASDAQ: NVDA) has unveiled the financial results for its latest fiscal quarter ended October 31, 2021. The company reported a sharp rise in sales that can only be described as being on a tear. Nvidia posted $7.1bn in revenue in the quarter, up 50% year-over-year . The large growth was driven mostly by the company's data center sales, which increased 55% year-over-year to $2.9bn. Similarly, Nvidia's gaming revenue rose 42% year-over-year to $3.2bn. Net income for the quarter was $2.5bn , up 4% from the same period last year. It was an outstanding quarter all-around for Nvidia, a beneficiary of the recent massive growth of the gaming industry and data center boom. Nvidia's GeForce graphics cards are very popular with gamers, and data center operators patronize Nvidia's high-performance graphics processors for artificial intelligence applications.  Save for data centers and gaming, Nvidia has other minor product lines, including automotive chip

Cyber: Apple Sues NSO Group Over Spyware Hacks

Tech giant Apple (NASDAQ: AAPL) has filed a lawsuit against NSO Group , a controversial Israeli company that sells smartphone hacking tools and has been  implicated in the hacks and surveillance of many notable persons, including journalists, activists, and business executives, by state-sponsored actors. Apple has sued NSO Group for infecting iPhones with spyware to track users of interest. As part of the suit, the tech giant seeks a permanent injunction to ban NSO Group from using any Apple products. NSO Group is best known for its Pegasus spyware that can be covertly installed on mobile phones running most versions of iOS and Android. The company exploits vulnerabilities in both operating systems to introduce spyware into a phone without the user's knowledge. Pegasus was the center of a Washington Post investigation called "The Pegasus Project," revealing that the spyware was used to surveil over 1,000 identified notable individuals across countries with shoddy hu

Markets: Retail Giant Authentic Brands Scraps IPO Plans

Authentic Brands Group , a New York-based retail conglomerate, has suspended its plans for an initial public offering (IPO) after already filing an S-1 document with the US SEC. The company has instead opted to raise private funding to fund expansion in the main time. Authentic Brands Group's portfolio retail brands include apparel retailer Forever21 , men's suit maker Brooks Brothers , and department store chain Barneys New York . The company is akin to an old people's home where once-vibrant retail brands go to stay after they've gone past their peak. Authentic buys these befallen retail companies and makes money from what's left of them through licensing deals.  Over the years, Authentic has relied on hefty venture funding to assemble its constellation of old-guard brands. An IPO was supposed to raise even more money for expansion but has been set aside in favor of private funding.  Authentic is  rather selling  equity stakes to private equity firm CVC Capital

Markets: IoT Startup Samsara Files For IPO

The latest tech startup to board the IPO train is Samsara , a VC-backed startup that makes internet-of-things (IoT)-based fleet monitoring hardware and software for logistical operators. It has unveiled an S-1 filing with the US SEC, showing its intention to list on the New York Stock Exchange (NYSE). Samsara has raised nearly $1bn from VCs including Andreessen Horowitz, Tiger Global, and General Catalyst, with a valuation of $5.4bn from its last funding round. The company's co-founders sold a previous startup named Meraki to Cisco for $1.2bn . As expected, Samsara's S-1 filing gives a deep glimpse into the company's business with information not publicly disclosed before. The company has been rather secretive over the years, making this long-awaited information. We've extracted some important information so you don't have to, mostly the financial stuff. Samsara brought in $303mn in revenue in the nine months ended October 2021, compared to $174mn in the same