In an effort to expand in China, Google has agreed to license patents with Chinese firm Tencent. Google has struggled to expand in China's restrictive market, and working with Tencent, which boasts nearly 1 billion users on WeChat, could offer a way in.
Adoption of smart thermostats is rising, with 13% of all US broadband households equipped with the devices last year, per Parks Associates research. That's up from 11% in 2016, and a majority of broadband households say they plan to acquire smart home devices in the year ahead.
Sixty-five percent of brands boosted their video ad spend in the last year, and 52% of marketers are creating video ads in-house, Salesforce reports. Its study estimates that Google and Facebook will take 66% of global digital ad spend this year.
Rokid, a Chinese firm that develops artificial-intelligence-based smart devices, gained a reported $100 million in an extension round of Series B funding. Rokid is working on augmented reality glasses, dubbed Rokid Glass, along with a developer platform called the Rokid Full Stack Open Platform.
An exploit chain in Android that took advantage of two vulnerabilities was identified by researcher Guang Gong, earning a Google reward of $112,500. The chain could have been exploited by hackers to remotely introduce arbitrary code into the system_server process through access to a malicious Chrome URL.
Apple has about $252 billion in cash overseas and intends to bring $245 billion of it back to the US. The company says it will build a new campus and new data centers and hire 20,000 additional workers.
Apple phones continued to gain ground against competitors in the US in the fourth quarter, as did iOS against Android, according to Consumer Intelligence Research Partners. The report in part credits the late-year introduction of the iPhone X and 8 models.
Google will fix an issue involving Home devices slowing down user Wi-Fi networks. The company reports that it will apply a patch to Google Play Services on Android, but it has not indicated whether a direct update to Home devices will be needed.
Popular smartphone app Sweatcoin, which rewards users with virtual coins for physical activity, has gained $5.7 million in seed funding through investments from Seedcamp, Goodwater Capital and Greylock Partners' Discovery Fund. The app has topped download charts in the US and UK.