Apple buys another company

0
Apple, VR startup Spaces
Tim Cook, CEO, Apple

Apple reportedly bought VR startup Spaces, the tech giant’s eighth disclosed acquisition of the year. We discuss Apple’s moves in the VR space — including a patent for reducing motion sickness while working virtually in a vehicle.

Apple, VR startup Spaces

Apple has shown continued interest in both virtual and augmented reality and has been reportedly testing headsets internally, but it has yet to release such a product publicly.

Apple confirmed the acquisition to Axios with the statement it usually offers in such cases. “Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans.”

The company declined to comment further or say whether it will continue to offer Spaces’ video conferencing software.

Spaces posted a thank-you note to users on its website but didn’t offer additional details.
The big picture: Axios featured Spaces in an article last month on tech companies that were pivoting in the wake of the pandemic.

The company had raised substantial funding around the premise of creating destination virtual reality experiences that could go in theme parks or shopping malls.

With the pandemic putting that business in limbo, Spaces shifted its energy and created software that uses VR headsets to allow people to have more immersive experiences with Zoom and other video conferencing services.

HEADLINES YOU MIGHT HAVE MISSED FROM BRAND SPUR

Nigeria Rugby Union signs kit sponsorship deal with BLK Sports

British Apparel Company BLK Sport and The Nigeria Rugby Football Federation (NRFF) have signed an exclusive long-term kit sponsorship/partnership deal aligning with the Company’s global strategy.

IITA invests in development and implementation of seed yam certification system in Nigeria

IITA renovated and equipped the diagnostic laboratory of the National Agricultural Seed Council (NASC) at their headquarter in Sheda, Abuja, with equipment worth $100,000 for seed quality control and Seed Tracker e-certification system. A PCR for DNA amplification and other laboratory equipment will allow technicians of the seed regulatory agency to conduct diagnostics and seed quality testing in line with the amended existing standards for seed yam.

Efe Omoregbe, Bada Akintunde-Johnson, Ayeni Adekunle, others confirmed to speak at MTN’s business of the art series

In line with its continuous commitment to youth development in Nigeria, MTN Foundation, the CSR arm of Nigeria’s leading ICT company, MTN Nigeria, has engaged leading minds in the Nigerian entertainment and media industry for this year’s edition of MTN’s Business of the Art Series.

LASCODA trains youths on commercial coconut oil processing

The Lagos State Government has embarked on the training of youths and women on commercial Coconut Oil processing at the Farm Service Centre, Oko-Oba, Agege as part of efforts towards Making Lagos State a 21st Century Economy.

Lessons we need to learn about record labels moving into African music

If we are not careful, we are in the beginning of the creativity of African music and artistry being captured and abused by the American corporate system?

NNPC generates $4.60bn revenue from 19.104bn litres of crude oil, gas export in one year

The Nigerian National Oil Organization (NNPC), on Sunday, said it made a sum of $4.60billion from raw petroleum and gas sent out between June 2019 and 2020.

The shape of disruption in the retail space: how it works, how to respond to it, and why it matters

You won’t find too many jokes about ‘digital transformation’. It’s a serious business. And if you ask who is doing it, every corporate will raise their hands – but there’s little agreement around exactly what it is, the implications for the organisation, how to go about it. RMB’s recent retail client webinar, featuring Wits’ Prof Brian Armstrong, provided strong direction.

Nigeria’s GDP Shrinks by 6.10% in Q2 2020 – NBS

Nigeria’s Gross Domestic Product (GDP) decreased by -6.10% year-on-year) in real terms in the second quarter of 2020, ending the 3-year trend of low but positive real growth rates recorded since the 2016/17 recession.