Chevron Technology Ventures Launches Venture Capital Fund and 2 Other Dow Movers to Watch
Chevron Corp. (NYSE:CVX): Current price $123.41
Chevron Corp’s business segment Chevron Technology Ventures LLC has launched a venture capital fund that is worth $90 million. The CTV Fund V marks the fifth of its kind since 1999, and is aimed towards early to mid-stage businesses, along with limited partnership funds. The fund will concentrate upon those firms that develop upcoming tech, and can assist Chevron in improving its businesses and examining new options. CTV is one of the three technological units of Chevron that are responsible for providing the it with cutting-edge technologies for its businesses. CTV currently holds 37 businesses in its portfolio.
The Walt Disney Co. (NYSE:DIS): Current price $65.16
Chief technology strategy officer Kim Libreri of Lucasfilm says that the production company behind the Star Wars films will soon “take the post out of post-production” for filmmakers. Commenting at last week’s Technology Strategy Board event at the British Academy of Film and Television Acting in London, Libreri talked about how video game development tech is pulling even with the tech that is employed for adding digital effects to films. Several cutting-edge games now use real-time motion capture to create digital effects so that actors with motion capture suits play out scenes that are digitally recorded in real time. In this manner, computer graphics are rendered in real time and thus do not need to be built on top of footage in post-production.
AT&T Inc. (NYSE:T): Current price $34.21
On Thursday, AT&T said that on Friday, it will introduce Digital Life in Charlotte, together with five other markets: Hartford, Jacksonville, Milwaukee, Oklahoma City, and Tulsa. AT&T Digital Life helps customers’ lives to be easier by facilitating the management of their homes. Digital Life provides security, convenience, and peace of mind in a customizable and user-friendly experience from smartphones, tablets, or PCs.