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Boston University Receives $3 Million to Develop New Cloud Computing Project
Over the next three years, Boston University will work on developing the Massachusetts Open Cloud (MOC), thanks to a pledge of $3 million in funding from Governor Deval Partrick. The MOC is a cloud program with the capacity to serve as a catalyst for economic growth and technological innovation. BU will partner with the Massachusetts Green…
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Supreme Court Case on Aereo Spells Potential Changes for Cloud Industry
The U.S. Supreme Court is currently considering the legality of an internet service called Aereo, which allows its users to stream and record live television. Oral arguments have begun and so far, the future does not seem to bode well for Aereo as the justices ask telling questions about the technology’s scope. The IT industry has…
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Businesses are Investing Record Amounts of Money in Online Video Advertising
The IAB and PwC Digital Adspend Study revealed this month certain trends in the industry. Not only has digital ad spending increased by 17.5% making a record six month high of £66 per person online for a total of over £3 billion in spending, but video advertising has experienced a shocking amount of growth, accounting for…
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San Francisco start-up Stripe Aims to Push U.S. Further Away from Cash
Stripe, a San Francisco-based tech start-up, is aiming to deal the killing blow to cash use in the United States. The company has already racked up $120 million in investments. Of those investing in Stripe, the most notable is the Founders Fund, owned by PayPal co-founder Peter Thiel. Stripe’s services are simple enough. The company…
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China-Based eCommerce Group Alibaba Throws $280 Million into Tango Messaging App
News broke this week that Chinese eCommerce behemoth Alibaba, often touted as the eBay of the East, has invested $280 million dollars in budding messaging app Tango. Tango, a relatively new player in the mobile communications game, sports over 200 million users, over 70 million of which are classified as active. The influx of capital…
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Fourth Annual National Challenge Will Help a Small Business Grow
Sometimes, businesses need a little help and a financial boost in order to succeed. Even owners who have a great idea might run into a number of different problems and snafus that make it difficult for them to thrive. Today, TELUS and The Globe and Mail announced that they will be hosting The Challenge for…
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Google Rewarding for Green Investments With Tax Incentives
Google is cashing in on more than just the massive popularity of its search engine and internet services. It is also using a $1.4 billion investment in solar technology to not only provide power to homes in Northern California, but take advantage of tax breaks. That hefty investment has made Google the largest backer of…
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Factory Shutdowns Impact Hundreds of American Workers
Tough market conditions are having an impact on manufacturing plants all across the country. In just the last couple of weeks, multiple factories have been shut down due to limited orders. Bemis Inc. plans to shut down its factory in Stow, OH, and Central Carbide LLC announced the closing of its plant in Pryor, OK.…
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MT.Gox faces loss of $425 million in Bitcoins
The CEO of Mt.Gox Mark Karpeles said that 8, 50000 bitcoins –worth of millions of dollars- go missing. The Tokyo based bitcoin exchange company has filed bankruptcy protection on Friday. The news came into the limelight when CEO of Mt.Gox held a press conference before a Japanese TV and said in Japanese that “I am…
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Restoring Your Faith in Public Transportation
Mobile technology is giving public transportation a much-needed facelift. Commuters are growing frustrated with traffic congestion and unreliable bus schedules. And transit authorities are doing something about it. Whether or not you believe in global warming or climate change, the fact is that fewer cars on the streets and highways means safer driving conditions and…