The New York Times is expanding its technology blog Bits to include more reporting and analysis about the enterprise portion of the tech sector. The expanded coverage will encompass a broader range of subjects like “big data,” “cloud computing” and security issues.
Let the low-end tablet wars begin. Barnes & Noble unveiled a Nook-branded tablet on Monday, the company’s answer to Amazon.com’s recently announced Kindle Fire. At $249, the 7-inch Nook tablet is a bit pricier than the $199 Fire, but Barnes & Noble is betting that consumers will pay the extra $50 for the device because it offers faster processing speeds and 16 gigabytes of storage space compared to the Amazon tablet’s 8 gigabytes. Both devices hit shelves next week. Barnes & Noble, which operates a chain of 700 U.S. bookstores, also lowered the price on its Nook e-book devices in an effort to take on Amazon’s line of Kindle e-readers, which were recently reduced in price.
There is some heartening data and some other data that should strike fear in the hearts of publishing executives about how people consume news on tablet devices, according to a new study from the Pew Research Center’s Project in Excellence in Journalism and the Economist Group.
Dropbox, one of the most watched companies in Silicon Valley, officially announced on Monday that it raised an astounding $250 million in a Series B round led by Index Ventures, reportedly valuing the virtual file cabinet company at a whopping $4 billion. This massive round stands in contrast to the first bit of money raised — about $7 million — from early investors including Sequoia Partners, Accel Partners, and Hadi and Ali Partovi.*
Groupon co-founders Eric Lefkofsky and Brad Keywell have invested in online educational site (with one complicate name) Udemy through their venture capital fund Lightbank. Udemy just announced a $3 million Series A round of financing led by Lightbank that also includes funding from MHS Capital and 500 Startups.
Nvidia, which got its start making processors for computer game enthusiasts, has won another victory for parrallel computing with the inclusion of its graphics chips in what is expected to be the world’s fastest supercomputer.