Eric Schmidt, Google’s executive chairman, believes that a third of check-out terminals in retail stores and restaurants will be upgraded to allow wireless “tap and pay” from mobile phones within the next year.
Such a development will prepare the ground for what he believes will be a “trillion dollar” industry of mobile advertising and payments. Read more
Many ambitious technology entrepreneurs aspire at some point to relocate to Silicon Valley. But American Salman Malik has done the opposite and headed overseas.
The Princeton graduate co-founded Boston-based Firefly Network in the 1990s, before spending several years in the Valley working for Siebel Systems. Last year, he moved to the UK to take up the chief executive role at Brightpearl, a cloud computing software business in Bristol. Read more
Japan is famous for its fashionistas, but for one hour this month I can confidently claim to have been wearing one of the coolest jackets in the entire country.
Not because the garment in question has the kind of sharp lines featured in star designer Junya Watanabe’s Spring collection or the flowery fabric of a recent Yohji Yamamoto creation. In fact, the modest cotton zip-up would not look out of place on a production line worker. Read more
Anyone holding up their phone to the ringing of the New York Stock Exchange opening bell and hoping to identify Shazam as the artist will have to wait a while longer. Another music discovery service, Pandora, had that ceremonial honour when it IPO’d a week ago, but Shazam has just announced a $32m funding round that puts off any immediate thoughts of going public. Read more
Can storage ever be sexy? Well, slap on Wi-Fi capabilities and a wireless media server to an external hard drive and it can start to look damned attractive. That’s what Hitachi has done with its G-Connect 500Gb external drive launched today – the Wi-Fi lets the drive act as a local mini-cloud for serving movies, music and photos to iPads and other devices that lack its huge capacity to store media. Read more
Tech stories from around the web:
Web-video site Hulu is considering whether to sell itself, according to The Wall Street Journal, as the fight over distributing TV online intensifies. Meanwhile the Los Angeles Times reports that Yahoo had recently approached Hulu to discuss a possible acquisition.
Amazon is set launch a range of own-brand tablet computers as soon as this August, DigiTimes says. Quoting Taiwan-based component makers, DigiTimes says the online retailer is targeting global sales of 4m units for 2011. Read more