Musk leaves Trump’s advisory councils, uBeam demonstrates brick-sized wireless charger and acknowledges limitations, and League of Legends team valuation rise to at least $10 million.
Tesla and SpaceX founder Elon Musk has quit two of President Trump's business advisory councils after the president announced he will pull the U.S. out of the Paris climate agreement, reports CNN. “Am departing presidential councils. Climate change is real. Leaving Paris is not good for America or the world,” Musk said Thursday on Twitter.
Startup uBeam Inc. demonstrated a brick-sized wireless charger receiving enough power to light up the battery icon on a cellphone, reports USA Today. Chief Executive Meredith Perry declined to predict when the technology would be commercially available and acknowledged a number of limitations such as the inability of the device to charge while its sits in a pocket, moves, is positioned at angles greater than 45 degrees to its transmitter, or at distances greater than 10 feet.
The price of a League of Legends team is up tenfold in 18 months as Riot Games Inc. laid out a new framework for its ten-team, North American league and set a $10 million price to buy in, reports Bloomberg. As in traditional sports, the league will have a stable roster of franchises, teams will share revenue from media deals, and there will be a players association.