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Virtual social network IMVU raises $35M from China’s NetEase and others

TechCrunch

The line between social networking and gaming is increasingly blurring , and internet incumbents are taking notice. NetEase, the second-largest gaming company in China (behind Tencent), is among a group of investors who just backed IMVU, an avatar-focused social network operating out of California.

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Epic Games to shut down Houseparty in October, including the video chat ‘Fortnite Mode’ feature

TechCrunch

Houseparty, the social video chat app acquired by Fortnite maker Epic Games for a reported $35 million back in 2019, is shutting down. Related to this move, Epic Games’ “ Fortnite Mode” feature , which leveraged Houseparty to bring video chat to Fortnite gamers, will also be discontinued.

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Blidz raises $6.6M to expand its Pinduoduo-inspired social shopping app

TechCrunch

Gamification and social hooks have become cornerstones across every category of consumer apps these days, and today one that’s using these to build out a new e-commerce platform in Europe is announcing a seed round to give its growth a boost. Translating that to today’s internet landscape in regions like Europe and the U.S.

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Discord is close to closing a round that would value the company at up to $7B

TechCrunch

Discord’s doubling in corporate value comes as the persistent, inept, American response to the COVID-19 pandemic continues to accelerate the adoption and growth of businesses creating virtual social networking opportunities. If that sounds familiar to some of the internet’s earliest users, that’s because it is.

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ShareChat valued at $2.1 billion in $502 million fundraise

TechCrunch

The Indian social network said it has raised $502 million in a new financing round — Series E — led by Tiger Global that valued ShareChat at $2.1 Social commerce Meesho turned a unicorn on Monday , fintech firm CRED on Tuesday and e-pharmacy firm PharmEasy and Groww on Thursday.

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Machine Learning In Internet Of Things (IoT) – The next big IT revolution in the making

Openxcell

From human genome mapping to Big Data Analytics, Artificial Intelligence (AI),Machine Learning, Blockchain, Mobile digital Platforms (Digital Streets, towns and villages),Social Networks and Business, Virtual reality and so much more. What is IoT or Internet of Things? These objects thus become ‘intelligent’ to a small extent.

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CIO Fletcher Previn on designing the future of work

CIO

Then, we quickly shifted our attention to the next phase, which was solving the security challenge of employees working in homes with smart thermostats, online classes, and video games all potentially on the same network. How do you define ‘best-in-class’ from a social perspective? Is the internet unreliable? Is it noisy?