TECHNOLOGY
Recent and archived news stories on: aerospace, alternative energy, automotive, nanotech, robotics, software providers, telecom, tech start-ups, social media companies
TrueCar Selling ALG Unit for $135 Million
TrueCar Inc. has entered into an agreement with J.D. Power to sell its ALG Inc. subsidiary for $135 million.
Young Investors Drive Increased Use of Investing Apps
Amid the market volatility caused by the Covid-19 pandemic, fintech and investing apps are reporting a rise in user activity as amateur investors enter the market.
Tinder Taps Former CBS Exec Lanzone as CEO
Dating app owner Match Group Inc. has named Jim Lanzone, the former president and chief executive of CBS Interactive, as the new chief executive of West Hollywood-based Tinder, effective Aug. 3.
AltaSea Signs Agreement to Work With Scripps, UCSD
AltaSea at the Port of Los Angeles, a nonprofit company focused on the ocean economy, announced Aug. 3 that it has signed a memorandum of understanding with Scripps Institution of Oceanography.
NantHealth Acquires Data Company OpenNMS
Billionaire Patrick Soon-Shiong’s NantHealth Inc., which uses data analysis and artificial intelligence technology to assist physicians and improve patient outcomes, is going even more high tech.
Eyeglass Maker Fitz Frames Delivers Thanks to 3D Technology
Heidi Hertel found inspiration close to home when she decided to launch Fitz Frames Inc.
Popl Provides New Ways to Trade Social Info
When in-person business events and social gatherings resume, Sawtelle-based Popl Co plans to be ready.
Gemist Helps Consumers Create Customized Jewelry
Gemist Inc. wants to bring the bling direct to consumers.
Triller Sues TikTok in Patent Dispute
Video-sharing platform Triller, which is owned by Proxima Media, is suing TikTok for patent infringement.
CIM Group Invests $40 Million in Solar Company
CIM Group announced a $40 million investment in solar device cleaning company Ecoppia Scientific.
Snap Revenues Rise as User Growth Slows
Snap Inc., the Santa Monica-based social media company, reported earnings results for the second quarter ended June 30. While the company has beaten revenue expectations, it continues to see an increase in net loss.
Spot Parking Rolls Out Mapping Tool to Help Local Businesses
Santa Monica-based Spot Parking (US) Inc. is repurposing its mapping technology to build a tool that helps business communities stay on top of ever-changing Covid-19 regulations.
Fitness App FitOn Reports 200% Increase in Users
Century City-based FitOn Inc. is trying to turn the phone into a pocket-sized gym.
Video-Sharing App Triller Acquires Halogen Networks
Video-sharing platform Triller, which is owned by Century City-based Proxima Media, has acquired Halogen Networks.
Innovative Companies Turn LA Into an AI Hub
The idea of artificial intelligence may conjure up images of robots and mechanical automation, but for businesses, the technology’s applications are much more wide-ranging.
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