Facebook to launch new virtual reality headset, 'Oculus Go'

SAN JOSE, Calif. (Reuters) – Facebook Inc plans to release a new virtual reality headset that does not require a separate computer to operate, unlike its Oculus Rift product, which allows for mobile uses, Chief Executive Mark Zuckerberg said on Wednesday.

Zuckerberg, speaking at a conference for virtual reality developers, said the “Oculus Go” device would cost $ 199 and ship early next year.

Reporting by David Ingram, editing by G Crosse

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Upstart fund to launch 'future car' ETF in Canada

TORONTO (Reuters) – A Canadian investment fund will launch the world’s first “future car” exchange-traded fund on Friday, giving investors one-stop access to companies involved in electric, autonomous and connected car supply chains, senior fund executives said.

The Evolve Funds Automobile Innovation Index ETF includes Tesla Inc and other automakers spending heavily on self-driving ambitions as well as battery makers, semiconductor companies and other players to help investors trade on the major changes affecting the automotive industry.

“Five years ago we didn’t have the blind-spot checker, the lane assist, and now you’ve got parking assist; technology has been getting integrated into vehicles to make them safer, it’s just going to intensify,” Evolve Funds Group Inc CEO Raj Lala said in a phone interview.

The 32 equally-weighted stocks that make up the fund’s initial cohort also includes suppliers such as Delphi Automotive Plc and Visteon Corp, semiconductor companies Cirrus Logic Inc, Infineon Technologies AG and Nvidia Corp, hydrogen fuel cell company Plug Power Inc and industrial battery maker EnerSys.

“We’re not trying to pick the one or two winners,” said Elliot Johnson, Evolve’s chief operating officer. “We wanted to make sure we’re making a bet that’s broad, but also specific to the activities that are going on.”

Many of the stocks included have jumped sharply over the last year as the portion of cars with internet connectivity jumps, China and others plan to ban cars than only run on gasoline or diesel, and ridesharing increases in popularity.

“That suggested to us that there’s a lot of investor appetite out there searching for ways to express their belief in the theme,” Johnson said.

Evolve Funds worked with German index provider Solactive AG to create the passively traded model, which will have hedged and unhedged versions priced in Canadian dollars. A U.S.-dollar denominated version will follow within several weeks.

The fund choose the five automakers with the highest research and development to sales ratio, which include Ford Motor Co, General Motors Co, Tesla Inc and Volkswagen AG (VOWG_p.DE).

The ETF is the third instrument Evolve has launched, days after launching cybersecurity and gender diversity products. The fund is also seeking Canadian regulatory approval for one to track bitcoin.

Reporting by Alastair Sharp; Editing by David Gregorio

Our Standards:The Thomson Reuters Trust Principles.

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24 hours of the new iPhone 6S launch: Follow live

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For Apple fans, nothing is bigger than iPhone launch day.

Every year, lining up at stores for the new iPhone is a major event for the Apple faithful. And this year’s release of the iPhone 6S and iPhone 6S Plus is no exception.

But the mold has changed. While people still line up, an iPhone launch in 2015 looks a lot different than it did in 2007. Mashable will be reporting ’round the clock from Sydney, Singapore, London, New York City, San Francisco and Los Angeles to capture the glorious anticipation. Read more…

Sydney > Singapore > London > New York >
San Francisco > LA

More about Iphone, Apple, Apple Store, Marketing, and Tech


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