Technology Top Stories

Facebook Will Be Passing On Oculus Medium To Adobe

Facebook has recently taken up the decision of letting Oculus Medium—a 3D virtual reality sculpting tool—be handed over to Adobe. The current decision has been taken after measuring all the pros and cons as Facebook has plans to start an in-house virtual reality project. The idea of letting Oculus go is definitely going to pinch the social media giant. Over the years, Oculus has been investing an awful lot of money into Medium and still the sales of the Oculus Medium team have not been great. The price tag is being considered to be the basic concern for the fairly niche software. For now, the terms and conditions of the deal are not public. It is unclear whether Adobe has a jackpot or a plummeting deal.

Facebook went to the extent of spinning out Medium only after thorough market analysis. The time Facebook had announced about shutting down Oculus Story Studio, the company had inaudibly laid off its employees. Only a small part of the community is found to like Medium and thus, handing over to Adobe makes sense as the first-party integration is undoubtedly going to make the software better. The idea of Oculus Medium let to live through another medium is definitely a good call. At present, the purchase of Beat Saber-maker Beat Games is found to outdo the sales of Medium and also the VR content strategy of Oculus. Facebook is not planning on investing in non-gaming creative tools and cinematic VR content but instead, they are planning on purchasing more game studios to escalate their sales.

Similarly, Facebook is again in the hot soup after it has tens of thousands of political ads missing from its archive just before people were about to cast their votes for the most important UK elections. But, the social media giant has confirmed that they have fixed the UK database and have put back the ads in the archive. Facebook is working toward making all the user data safe and sound.

Business Top Stories

SoftBank-Supported OneConnect Financial Technology Reduces IPO By 28%

Of late, Ping An Insurance’s OneConnect Financial Technology reduced its planned US IPO (initial public offering) by 28% and decreased its target valuation, dealing another blow to its financier SoftBank, which is still recovering from the repercussions of WeWork’s failed listing. Reportedly, OneConnect fixed a price range of $9–$10 a share for its IPO of 26 million shares, which is down from the $12–$14 a share range it had planned previously. The firm also downsized the offering to 26 Million ADS (American depositary shares) from 36 Million ADS. OneConnect, which is a part of China’s largest insurer by market value, enumerates Japan’s SoftBank and financial company SBI Group as some of its major investors.

The higher end of the price range costs OneConnect at around $3.64 Billion. That is below its $7.5 Billion valuations of the last year when it collected $750 Million in its first funding round from shareholders counting SoftBank and SBI Group. The float came since tech financier SoftBank smarts from the ditched share sale of WeWork, in addition to its first quarterly loss in the last 14 Years affected by an $8.9 Billion hit at its huge Vision Fund through which it spent in OneConnect. Many other latent stock market listings have been delayed since the disintegration of WeWork’s scheduled launch in September and investment bankers are worried that the trend might continue in the next year.

On a similar note, recently SoftBank was in the news as its Vision Fund 2 has held discussions to put in $150 Million in Honor, a home healthcare start-up. According to sources, while the Honor speculation has not been sanctioned by the Vision Fund’s venture committee yet, it marks one of the potential bets for the big new fund. There are a number of Vision Fund 2 investments in the works, counting some that have been authorized by the investment committee, stated two sources.

Health Top Stories

Aspirin’s Efficacy In Brain Bleeding Has Urged For New Recommendations

Medical professionals have been prescribing aspirin regimens to help people deal with their heart diseases or stroke and lead their life healthily. However, the drug may be safe when it comes to the disease but its side effect, in the long run, is definitely unthought-of. The people without any heart disease consuming the medication can actually outweigh the drugs’ benefits. Aspirin dose is prescribed to people to combat heart risks such as stroke & heart attacks and also to reduce the chances of bleeding in the brain at that time. The trials to check the efficacy and safety of the disease have also been carried out.

The study showed the people consuming low doses of aspirin to have 0.63% risk of bleeding in the brain and it was also found to be more when compared to the people not having aspirin. The people having Asian backgrounds and more toward the obese side plus less than 25 Years were found to be at greater risks. The daily low dose aspirin regimen is given to the old people as the drug has the ability to prevent clot formation in the arteries. However, the American Heart Association and American College of Cardiology have a complete new guideline prepared. The guideline makes it clear that aspirin should not be prescribed to prevent heart disease for healthy, older groups who have no signs of heart disease or dealing with one.

Parallelly, a new study has shown that black Americans will not be lowered of the risks of heart disease or stroke with the practice of daily use of low-dose aspirin. The drug was found to be effective in the whites but not that efficient in the blacks as the genetic response on the drug was found to be different in both races. The researchers are working on gathering more evidence to prove the efficiency of aspirin based on race.

Science Top Stories

Mars’ Surface Appears Like A Chocolate-Chip Cookie To Curiosity Rover

Recently, researchers have been spotting a few round formations on the surface of Mars, which is giving it a chocolate-chip cookie-like appearance. The zoomed images are now being studied and concluded. The NASA researchers have taken the help of Curiosity rover to snap a few images and also to gather some valuable data. The images were captured on December 5, 2019, and the Planetary Geologist Susanne Schwenzer is now studying the nodule-like rock structure. These little round items were the latest rover mission update. The smooth shapes are assumed to be due to diagenesis or water-rock interactions.

Diagenesis is just a simple alteration process that takes place after the sediment is deposited. The rover is already investigating the clay-rich area that was found on Mars. The data obtained there is helping scientists unravel certain facts on the history of water on Mars. The ChemCam Remote Micro-Imager is the one that is snapping the close-up imagery. The soil & rock composition and weathering processes are all being scrutinized. Curiosity has been offering so much data about Mars that the researchers are able to study the diverse range of the rocks there. The pebbly regions, bedrock, bright float rock, and more are all being investigated. NASA had spotted smooth pebbles on Mars back in 2017 that looked like a cannonball. Around Mars, it is only Curiosity that is hovering to gather data. NASA is thus waiting to have its Mars 2020 rover be scheduled by early 2021.

Likewise, NASA has decided to send all the necessities in terms of equipment and personal needs along with the crew to Mars, but they have never thought about Mars as a resource in itself. The researchers are now looking for a location with accessible water to help determine the landing site. The journal Geophysical Research Letters was seen to have pointed out water ice present inches beneath the dusty surface. NASA’s Mars Reconnaissance Orbiter and the Mars Odyssey Orbiter data have also signified the presence of water ice beneath the surface. NASA’s Phoenix Lander scraped a sample of the polar ice to confirm that it was water ice in 2008.