Welcome to this week’s edition of “The Week in Tech,” where we recap some of the most interesting technology and mobile stories from the past week.
This week we recap the International Consumer Electronics Show, a potential deal between Verizon and AOL, and Intel’s diversity fund.
Recap of the International Consumer Electronics Show
The International Consumer Electronics Show was held this week in Las Vegas and I was on the ground to check out all the new products and gadgets.
The show is absolutely massive. With over 3600 exhibiting companies showing off their wares, it’s impossible to cover everything, but there were some big themes that stood out from the crowd:
- Connected cars – self-driving cars and dashboards full of apps were all the rage as major automakers like Mercedes-Benz and Ford unveiled their new rolling gadget prototypes.
- Smart home – companies are building products to connect all of your appliances, from coffee makers to plant pots, to the internet and automate every process in your home.
- Virtual reality – while mostly limited to gaming at the moment, VR looks primed to be the next wave of life-changing technology. The long line at the Oculus booth affirmed that.
Verizon in talks to buy AOL?
The word on the street is that Verizon is in talks to acquire AOL, but no formal offer has been made.
This is a deal that would make much more sense than the disastrous AOL-Time Warner merger that occurred 15 years ago. Verizon would benefit from AOL’s advertising technology that algorithmically matches media buyers to relevant publishers’ properties. Verizon would also gain from AOL’s massive library of video content, which the company can offer its subscribers to differentiate it from competitors.
Read more at Bloomberg.
Intel launches $300 million fund to increase diversity in tech
White males dominate the ranks of Silicon Valley tech companies. Intel is trying to change that.
Intel CEO Brian Krzanich announced the launch of a $300 million initiative to increase the amount of women and minority employees at Intel and other tech companies by 2020. Executives will be measured by how well they achieve a higher level of diversity, and the money will be used to invest in women- and minority-led companies and fund engineering scholarships for underrepresented groups.
This is a big deal; tech company executives talk about how they are working towards increasing minority representation in their workforces but Intel is the first to put their money where their mouth is.
What do you think of these stories? Have you read other interesting mobile and technology stories this week that are worth mentioning? We’d love to hear your thoughts in the comments.