10 things in tech you need to know today
Good morning! This is the tech news you need to know this Tuesday.
- The world's largest tech show CES has kicked off, and LG stole the show with a "rollable" TV that disappears into a box at the push of a button. When not being used, the skinny TV rolls down into a box that also doubles as a soundbar.
- Apple trolled Google with a massive billboard at CES, which it isn't even attending. The ad was positioned near Las Vegas' monorail system, whose shuttles are emblazoned with Google ads.
- SoftBank has slashed a planned $16 billion mega-investment in WeWork after facing objections and will now invest $2 billion. SoftBank's initial plan, reported in October, would have given it a majority stake in WeWork. But the size of the deal reportedly upset some of its biggest financial backers in Saudi Arabia and Abu Dhabi.
- Amazon is now the world's most valuable company, ending Microsoft's spot at the top after five weeks. The Seattle-based online retail giant capped a strong holiday sales period with a 3% pop in its stock price, bringing its market capitalization to $793 billion and edging past Microsoft's roughly $788 billion valuation.
- Weak Q4 sales in China for Samsung have deflated the company's hopes for the beginning of 2019. Samsung expects Q1 to be pretty subdued, Bloomberg reports.
- A new robot called "BreadBot" is able to bake a fresh loaf of bread every six minutes. The company behind the BreadBot, Wilkinson Baking Company, debuted the device on Sunday at this year's Consumer Electronics Show in Las Vegas.
- Mastercard is dropping its name from its logo as it prepares for paying with a card to go out of fashion. The logo will now appear as just the two intersecting circles of red, yellow, and orange in the middle.
- What were thought to be mysterious "sonic attacks" on US diplomats in Cuba may just have been loud Caribbean crickets. Diplomats from the US and Canada in Cuba complained of bizarre symptoms in 2016 and some said the condition started after they heard a strange noise, prompting speculation about potential "sonic weapons."
- Amazon will soon let customers get packages delivered in their garage. Amazon's "Key" service will allow customers to have a package delivered inside their garage if they have the relevant tech installed.
- Google is running a Disneyland-style ride from its massive CES booth. Google's 18,000 square foot booth at CES 2019 will include a ride similar to Disney's "It's a Small World," according to reports.
- Unacademy leads $5mn investment in learning platform Mastree
- Wipro to acquire Brazil-based IT services provider
- Human clinical trials for COVID-19 vaccine initiated in India: ICMR
- Global vaccine plan may allow rich countries to buy more
- China bags Iran’s friendship with a loan — costs India the crucial Chabahar port project