Venture capital commitments drop 52%

Tech news from around the web:

As the deadline for applications for the latest Y Combinator start-up showcase nears, GeekWire reports that survey of 52 venture capital firms raised $1.72bn during the third quarter, a 52 per cent decrease in dollar commitments on the same time last year. The survey, by Thomson Reuters and the National Venture Capital Association, says the latest total is the lowest for eight years.

Mobile devices now amount to almost 7%  of all US web traffic, Apple Insider says. According to a report by comScore,  Apple’s iOS mobile operating system takes up a 58.5% slice of all mobile traffic, with the iPad now accounting for more traffic than iPhones.

Walmart has formed a partnership with Facebook that offers individual pages for each of its more than 3,500 US locations to give shoppers information on new products, events and discounts at their local stores, Associated Press reports. “This addresses our ‘next-generation’ customers who are using a lot of social media. A national message is often not as relevant,” said Stephen Quinn, executive vice-president of Walmart’s US division.

A celebration of Steve Jobs’ life by Apple employees will be held on Wednesday October 19 at the company’s Cupertino headquarters, chief executive Tim Cook said in a memo to staff, Reuters reports.