Los Angeles Business Journal

Silicon Beach Report Aug. 10: Soylent Launches Coffee Drink

By Garrett Reim Wednesday, August 10, 2016

Soylent launches coffee drink, XPrize launches artificial intelligence contest, and Edmunds.com launches new Facebook and Instagram ad product.

Soylent Launches Coffee Drink

Soylent has launched a new coffee-infused meal replacement drink called Coffiest, which has approximately 150 mg of caffeine per bottle, according to a press release. The company also has launched the Soylent Bar, which has about 250 calories.

XPrize Launches Artificial Intelligence Contest

The X Prize Foundation of Culver City and IBM have launched an artificial intelligence contest, reports TechCrunch. The winner of the AI prize will receive $3 million from IBM, with the runner-up getting $1 million and the third-place finisher getting $500,000.

Edmunds Launches New Facebook and Instagram Ad Product

Car shopping website Edmunds.com has launched a mobile-optimized ad product for auto dealers to target car shoppers on Facebook and Instagram, according to a press release. The ad product uses shopping data from Edmunds to serve shoppers with relevant native ads on Facebook and Instagram to drive buyer-traffic directly to dealer sites.

Technology reporter Garrett Reim can be reached at greim@labusinessjournal.com. Follow @garrettreim on Twitter for the latest in L.A. tech news.