HaptX grabs $12 million to build a glove crammed with sensors

A company building a very high-tech glove has just gotten its hands on some new money. HaptX is building a sensor-packed glove for VR and robotics applications that simulates haptic and resistance feedback for enterprise users. The Seattle startup has raised $12 million in new funding from Mason Avenue Investments, Taylor Frigon Capital Partners, Upheaval […]

Facebook is building an operating system so it can ditch Android

Facebook doesn’t want its hardware like Oculus or its augmented reality glasses to be at the mercy of Google because they rely on its Android operating system. That’s why Facebook has tasked Mark Lucovsky, a co-author of Microsoft’s Windows NT, with building the social network an operating system from scratch, according to The Information’s Alex […]

Facebook sells off Oculus Medium to Adobe

Facebook is selling Oculus Medium — a 3D virtual reality sculpting tool for creatives — to Adobe. The team was an expensive effort for Oculus and its sale signifies a broader rethinking within Facebook in what virtual reality projects they tackle in-house. It’s clear that Oculus pumped an awful lot of money into Medium over […]

Startups Weekly: Chinese investors double down on African startups

Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy startups and venture capital news. Before I jump into today’s topic, let’s catch up a bit. Last week, I wrote about Airbnb’s issues. Before that, I noted Uber’s new “money” team. Remember, you can send me tips, suggestions and […]

Daily Crunch: John Carmack steps down at Oculus

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. John Carmack steps down at Oculus to pursue AI passion project ‘before I get too old’ Legendary coder John Carmack is […]

John Carmack steps down at Oculus to pursue AI passion project ‘before I get too old’

Legendary coder John Carmack is leaving Facebook’s Oculus after six years to focus on a personal project — no less than the creation of Artificial General Intelligence, or “Strong AI.” He’ll remain attached to the company in a “Consulting CTO” position, but will be spending all his time working on, perhaps, the AI that finally […]

BMW’s magical gesture control finally makes sense as touchscreens take over cars

BMW has been equipping its cars with in-air gesture control for several years and I never paid attention to it. It seemed redundant. Why wave your hand in the air when there’s dials, buttons, and touchscreens to do the same? Until this week, that is, when took delivery of a BMW 850i loaner equipped with […]

VR/AR startup valuations reach $45 billion (on paper)

Despite early-stage virtual reality market and augmented reality market valuations softening in a transitional period, total global AR/VR startup valuations are now at $45 billion globally — include non-pure play AR/VR startups discussed below, and that amount exceeds $67 billion. More than $8 billion has been returned to investors through M&A already, with the remaining […]

HTC’s new CEO discusses the phonemaker’s future

Ahead of a Disrupt appearance, Yves Maitre talks mobile, VR and blockchain Brian Heater @bheater / 1 day On September 17, HTC announced that cofounder Cher Wang would be stepping down as CEO. In her place, Yves Maitre stepped into the role of Chief Executive, after more than a decade at French telecom giant, Orange. […]

Amid AR/VR experiments, Apple buys UK visual effects studio

Apple has reportedly acquired U.K. special effects studio IKinema, a startup that may be useful in Apple’s quest to bolster its mobile devices with AR special effects and in its more far-flung attempts to enter the AR/VR headset market. The company issued its standard confirmation for the deal to TechCrunch “Apple buys smaller companies from […]