A little reading for your lunch break:
G.E. Plans App Store for Gears of Industry – New York Times – “General Electric has seen the future of manufacturing and it involves competing with some very big technology companies. …’We think it will change the industrial world,’ said William Ruh, the head of G.E.’s software business. ‘We’re talking about where an industrial company goes to get its applications.'”
Startup Founders Pitch Their Ideas to … the President – Wired – “It was the standard fare, except that these founders weren’t pitching angel investors and venture capitalists. They were pitching President Obama. In the White House.”
And for more on the White House’s Demo Day see The American Dream, Under Construction Since 1776 at TechCrunch.
Solar Power Startup Bright Raises $4 Million To Distribute Energy In The Developing World – TechCrunch
How Google quietly revved up its very own car company – The Guardian – “Documents obtained by the Guardian reveal the tech giant created Google Auto LLC to help develop its self-driving cars even as it courted big car makers.”
Tinder’s First Non-Dating Feature Is Speed Networking For Forbes’ 30 Under 30 – TechCrunch – “Forbes is building a social networking app exclusively for millennial leaders… But to break the ice, Forbes worked with Tinder and its co-founders Sean Rad and Jonathan Badeen who made the 30 list in 2014 to build a speed networking feature.”
China’s Government Will Embed Police In Its Largest Tech Firms – TechCrunch – “Sites and social networks will no longer just be surveilled by keyword filters and human monitors working remotely. China’s Ministry of Public Security has announced that police will be placed into the offices of major Internet companies.”
Activist Investors Are Shaking Up Business Schools, Too – WSJ
The swift rise of activist investors such as Mr. Ackman’s Pershing Square Capital Management LP and Daniel Loeb’s Third Point LLC has shaken up American businesses, forcing companies to cut fat or change course. Activist ideas are also shaking up business schools, upending class discussions and attracting a new crop of future investors eager to make a name for themselves.
This Indian Startup Gives Mobile Users Megabytes of Data for Using Apps – FastCompany– “Indian mobile Internet company Mavin just released a new mobile marketing platform that pumps megabytes of data back into users’ smartphones when they spend time on partner apps.”
Apple Is Slipping in a Universe Where Success Is Relative – Wired
The company’s stock price fell by as much as 4 percent today to about $114—its lowest close in more than six months. And shares are down more than 14 percent since right before reporting its earnings late last month. Such a steep decline for such a successful-seeming company is a little tough to fathom. But these days Apple occupies its own universe, where the normal rules of stock market physics don’t seem to apply. Success, it turns out, is relative.
The drop began after Apple slightly missed analyst predictions for iPhone sales last quarter—a mere 47.5 million units sold versus 48 to 50 million expected.
Sarah Gustafson is an Editorial Assistant and blogger at the AEIdeas blog.
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