Facebook Inc. is getting out of the virtual reality content creation business with the social networking giant announcing Thursday that it intends to close its Oculus Story Studio. Since it was established in 2015, the Oculus Story Studio has created narrative driven VR movies and clips to expand the overall content offering within the Oculus VR ...

Enterprise startup-focused venture capital firm YL Ventures GP Ltd. has closed its third fund at $75 million, which it says was oversubscribed 25 percent above its target of $60 million. The new fund, which is planned to build on the success of its predecessors, will invest in seed-stage Israeli companies in high-growth sectors, including cybersecurity, ...

A new phishing scheme that initially targeted journalists with fake requests to share a Google Docs document is spreading like wildfire by using emails that appear to be legitimate. First detailed by a user on Reddit, the phishing scheme involves sees targeted users being sent an invitation from someone they may know inviting them to ...

Intel Corp.’s efforts in developing self-driving cars has hit the road running as the chip maker Wednesday revealed its first autonomous vehicle and officially opened a dedicated autonomous vehicle lab. The first vehicle, a BMW 7 Series sedan features sensors and cameras from Mobileye NV, the autonomous vehicle startup Intel acquired in March for a whopping $15.3 ...

Internet of Things search engine provider Shodan and threat intelligence firm Recorded Future Inc. have teamed up to produce a new tool that allows security vendors, companies and independent researchers to identify devices that act as botnet command-and-control servers. Called Malware Hunter, the tool explores the Internet to find computers acting as remote access trojan virus C&C ...

Cloud-based unified communications platform startup Fuze Inc. has been forced to patch a vulnerability that exposed recordings of private meetings to anyone. The vulnerability, discovered by security firm Rapid7 Inc., was blamed on the way Fuze provided sharing links for private recordings, specifically that the links themselves required no authentication and are easy to guess. ...

Old school knowledge website About.com is no more. The company, which to the surprise of many was still operating, rebranded itself today as “Dotdash” and launched a range of six new supporting subsites. Founded in 1996 as The Mining Company before becoming About.com in 1999, the site provided curated data and information on a range of ...

Geospatial analytics startup Orbital Insight Inc. today said it has raised $50 million in a later-stage round led by Sequoia Capital. Founded in 2015 by former Google Inc. Executive James Crawford, Orbital Insight offers a big-data platform that delivers large-scale analysis of satellite and unmanned aerial vehicle imagery. The company, in partnership with satellite operators including Airbus, DigitalGlobe, ...

The price of bitcoin broke through $1,400 in trading Monday as renewed investor interest and growing demand from Japan drove the price of the cryptocurrency to a new record high. At its peak, bitcoin hit $1,426.54, up from its most recent peak of $1290.56 on April 26 and its previous record high of $1290.79 on March 3. Much ...

A trojan virus that has previously targeted banks is now expanding its reach to niche financial institutions, according to newly published research. The team at IBM Corp.’s X-Force security research team found in a recent analysis of the TrickBot malware that campaigns using the “infamous trojan” are now adding new redirection attacks focused on private banks, private wealth ...