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Gogo sells commercial in-flight internet business to bankrupt satellite provider

The Verge

Gogo, the in-flight internet provider, has found a buyer for its commercial airline business. The bankruptcy was seen as a means for Intelsat to begin paying down its nearly $15 billion debt load while positioning itself to participate in a Federal Communications Commission spectrum clearing program , the company has said.

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WebMD will pay $75M to acquire employee experience company Limeade

GeekWire

Limeade reported a net loss of $3 million in its most recent quarter, down from a net loss of $6.4 designs well-being programs for employers and health plans. WebMD is a subsidiary of digital media giant Internet Brands , which acquired the company in 2017 for nearly $3 billion. . million in the year-ago period.

Company 122
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Amazon’s strategy to squeeze marketplace sellers and maximize its own profits is evolving

Vox

That’s almost doubled to 34 percent in 2021. And while seller fees accounted for 14 percent of Amazon’s entire revenue in 2014, that figure is up to 25 percent in 2021. AWS netted $13.5 ILSR estimates seller fees netted $24 billion. Enrolling in the FBA program is the only way that most sellers can qualify for Prime.

Strategy 125
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The 10 biggest issues IT faces today

CIO Business Intelligence

1 priority within the CIO function is cybersecurity strategies, up from the second spot in 2021. He says he placed an order for 150 micro PCs in July 2021 and has yet to get them. Indeed, the 2022 CIO Leadership Perspectives study from Evanta found that the No. It’s affecting a lot of things we rely on in technology.

Cloud 144
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Porch makes stock market debut, raising $322M to fuel its ambitions in home services technology

GeekWire

It posted a net loss of $103 million last year on revenue of $77.6 It makes money from software licenses and transaction fees that it receives when connecting homebuyers to movers, insurance agents, home automation and security firms, TV/internet companies and other service providers. Overcoming a cash crunch. Its cash balance was $3.9

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How Nvidia beat everyone else in the AI race

Vox

In 2006, the company released a programming language called CUDA that, in short, unleashed the power of its graphics cards for more general computing processes. People were spending a lot more time at home, and demand for computer parts, including GPUs, shot up — gaming revenue for the company in fiscal year 2021 jumped a whopping 41 percent.

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Startup founders at new 5G Open Innovation Lab explain how they’ve adjusted to the COVID-19 crisis

GeekWire

It’s certainly been a unique inaugural cohort for the 5G Open Innovation Lab (5G OI Lab) , a new startup program funded by T-Mobile, Intel, and NASA. based lab debuted in early May and will wrapped up its first program — held virtually due to the pandemic — this week. The Bellevue, Wash.-based Headquarters: Seattle, Wash.

Software 132