Year: 2018

12 Oct 2018

CoD: Black Ops 4 is available today

CoD: Black Ops 4 is available today, marking yet another chapter in the franchise’s history. The Black Ops series, developed by TreyArch, tends to be one of Call Of Duty’s most popular, and Black Ops 4 doesn’t show any signs of being any different.

Alongside multiplayer, Black Ops 4 also includes Zombies and Blackout, the new Battle Royale mode coming to CoD. Black Ops 4 is the first CoD installment to not launch with any campaign mode.

Folks who pre-ordered the game had an opportunity to play it briefly over the past few months as part of the beta. But now the game is out there and available to all.

One quick thing: Folks who buy a physical copy of the game will need to free up some space on their console, as the game requires a 50GB update to play Zombies, Multiplayer or go to the Specialist Headquarters. Luckily, you can start playing Blackout as soon as the update is 30 percent complete.

In other words, if you bought the game and can’t wait to play, you should pop that sucker in and start the download ASAP.

12 Oct 2018

Blood capital, WeWork whisperings, and gobs of cash for smiles and vegetables

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.

This week we had a good crew on the show. We had Connie Loizos and Danny Crichton from TechCrunch, I scampered over from the Crunchbase News domicile, and Brian O’Malley, a general partner with Forerunner Ventures, joined us to us to round out the collective.

It was yet another packed episode. There’s so much going on in the venture world that we can’t get to it all. Not even a large fraction, really. So we did what we always do, and picked out our favorite bits.

Up top we talked about the recent market carnage. It’s been super rough for tech stocks large, small, medium, and SaaS. Everyone got hit. O’Malley gave us the standard venture answer that he isn’t a public market investor when we asked him about it, but as public market valuation multiples impact private market valuation multiples, this stuff matters to investors and founders alike.

Next up: What’s going on with WeWork and the Vision Fund? After some back and forth, it seems that world-famous capital cannon won’t pick up a majority stake in the starkly unprofitable shared-offices concern. But the saga demonstrates that the Vision Fund is more willing than ever to cut checks the size of small continents.

Where the Vision Fund gets its capital, though is under increasing scrutiny. After the apparent murder of a Washington Post columnist by Saudi agents in an embassy in Turkey, Saudi money is quickly becoming radioactive. Talking personally for a moment, perhaps it would have been better if the U.S. tech industry, famous for claiming to be more interested in improving the world than paying a dividend, hadn’t taken so much money from the ruling monarchy of a country famous for terrible treatment of women and LGBTQ folks, and for having an overdeveloped taste for the death penalty.

Regardless, there was even more news to get through. Forerunner itself recently raised a pretty penny, Egnyte is now $75 million richer thanks to Goldman Sachs, and two Chinese rounds clocked in at a combined $1 billion, give or take.

Crazy times. Thanks for listening, as always, and have a great weekend. Get some rest. We all need it.

Equity drops every Friday at 6:00 am PT, so subscribe to us on Apple PodcastsOvercast, Pocket Casts, Downcast and all the casts.

12 Oct 2018

Readdle’s Denys Zhadanov to talk about bootstrapping at Disrupt Berlin

Readdle might not be a familiar name, but chances are you’ve been using some of their mobile apps. The Ukrainian company is a bootstrapped success story with 100 million downloads, 135 employees and a profitable business. That’s why I’m excited to announce that Readdle Vice President Denys Zhadanov is coming to TechCrunch Disrupt Berlin to talk about this remarkable journey.

Readdle is behind some of the most popular productivity apps on iOS, such as Spark, PDF Expert, Calendars 5, Scanner Pro and Documents. When you browse the top charts in the App Store, there’s always a Readdle app here and there.

The App Store has been around for ten years and has created a major shift in the tech industry. Many companies wouldn’t be around without the App Store and the Play Store, such as Uber, Snap, Facebook’s WhatsApp and Instagram.

But the App Store isn’t just about social apps and big venture capital funding rounds. Readdle was there from day one and launched its first app back in 2008. They’ve been growing steadily, launched dozens of paid productivity apps, shut down some of them and iterated on the most successful ones.

Readdle’s biggest bet right now is Spark. The company wants to create a better email client for iOS and the Mac. This is an ambitious product with many competitors, including Microsoft’s Outlook and Google’s Gmail. The company is trying a software-as-a-service business model for this product with premium features.

In many ways, building such a strong company without external funding is even more impressive than the average startup. And I can’t wait to hear Zhadanov’s take on that.

Buy your ticket to Disrupt Berlin to listen to this discussion and many others. The conference will take place on November 29-30.

In addition to fireside chats and panels, like this one, new startups will participate in the Startup Battlefield Europe to win the highly coveted Battlefield cup.


Denys Zhadanov

Vice President of Marketing, Readdle

Denys is a Vice President of marketing at Readdle.

He is also an advisor, a speaker, and a connector between Ukraine and Silicon Valley.

Readdle aims to redefine personal productivity and shape the "future of work" by creating best in class apps and services. Readdle apps such as Scanner Pro, Calendars 5, Spark email, Documents and PDF Expert were downloaded over 100 million times worldwide, are always in top charts on the App Store, won numerous awards from Apple and love from the tech industry. Being a pioneer of the App Store, Readdle now employs 130 people in 8 locations, never raised external capital.

Forbes 30 under 30, Denys has often been quoted about app economy, entrepreneurship, and digital marketing by major media outlets such as WSJ, The Verge, USA Today, TechCrunch, Bloomberg, Wired, TheNextWeb, FastCompany.

12 Oct 2018

Tesla vehicles ordered after October 15 lose out on full tax credit eligibility

Tesla customers who want the full $7,500 federal tax credit have until October 15 to order a Model S, Model X or Model 3 electric vehicle, a new deadline posted on the company’s website that could spark a flurry of sales.

The October 15 deadline was added Thursday to the Tesla website.

Earlier this year, Tesla hit a bittersweet milestone when it delivered its 200,000th electric vehicle. The achievement — a noteworthy occasion for an automaker that didn’t exist 15 years ago — activated a countdown for the $7,500 federal tax credit offered to consumers who buy new electric vehicles.

The tax credit begins to phase out once a manufacturer has sold 200,000 qualifying vehicles in the U.S. Under these rules, Tesla customers have to take delivery of their new Model S, Model X or Model 3 by December 31. Tesla explained how the tax credit would phase out and the Dec. 31 delivery deadline two months ago.

Until Thursday, it wasn’t clear if or when Tesla would impose a deadline for customers to order their electric vehicle.

Tesla estimates that customers who order a Model X and Model S right now would take delivery of their vehicles in November. The Model 3, depending on the variant a customer chooses, could take up to eight weeks, according to the company’s website.

The newly imposed deadline may spur sales, giving Tesla an added boost to close out 2018. However, these delivery-sensitive sales come with added responsibility — and the potential of angering new customers if Tesla fails to meet that deadline.Tesla federal tax credit deadline

 

12 Oct 2018

With $50M in fresh funding, Allbirds will open new stores in the US, UK and Asia

The quintessential venture capitalist’s uniform consists of a pair of designer jeans, a Patagonia fleece vest and $95 wool sneakers.

The company behind the shoes, Allbirds, entered the unicorn club this morning with the announcement of a $50 million Series C from late-stage players T. Rowe Price, which led the round, Tiger Global and Fidelity Investments. The 3-year-old startup founded by Joey Zwillinger and Tim Brown has raised $75 million to date, including a $17.5 million Series B last year. Its backed by Leonardo DiCaprio, Scooter Braun, Maveron, Lerer Hippeau and Elephant, the venture capital firm led by Warby Parker founder Andrew Hunt.

The Wall Street Journal is reporting the round values Allbirds at $1.4 billion. The company would not confirm that figure to TechCrunch.

Like Warby Parker, San Francisco-based Allbirds began as a direct-to-consumer online retailer but has since expanded to brick-and-mortar, opening stores in San Francisco and New York. It currently ships to locations across the U.S., New Zealand, Australia and Canada. Next week, the company plans to open its first storefront in the U.K. in London’s Covent Garden neighborhood. It will begin shipping throughout the U.K. In 2019.

Using its latest investment, Allbirds will double down on its brick-and-mortar business. In addition to the U.K., the company says it will open even more locations in the U.S., as well as open doors in Asia in the coming months. Tiger Global, which has backed Allbirds since its Series B, may be of help. The firm has offices in Hong Kong and Singapore, as well as partners across Asia.

Allbirds makes eco-friendly wool shoes for men, women and kids via its kid’s line, aptly named Smallbirds. The shoes are made out of sustainable materials, including merino wool, a fabric made from eucalyptus fiber that the company has dubbed “Tree” and “SweetFoam,” a shoe sole made from sugarcane-based, carbon-negative foam rubber.

“Climate change is the problem of our generation and the private sector has a responsibility to combat it,” Zwillinger, Allbirds’ chief executive officer, said in a statement. “This injection of capital will help us bring our sustainable products to more people around the globe, demonstrating that comfort, design and sustainability don’t have to live exclusive of each other.”

It’s been quite the year for venture investment in … shoes. Rothy’s, which makes sustainable ballet flats for women, has raised $7 million and launched a sneaker. Atoms, a maker of minimalist shoes, brought in $560,000 in seed funding from LinkedIn’s ex-head of growth Aatif Awan and Shrug Capital. And GOAT, the operator of an online sneaker marketplace, nabbed a $60 million Series C in February.

11 Oct 2018

Lime wants to block Scoot and Skip from deploying electric scooters in SF next week

Lime is doing the most right now. In light of the San Francisco Municipal Transportation Agency denying Lime a permit to operate electric scooters in the city, Lime is gearing up to request a temporary restraining order.

“Lime believes that after selecting two other less experienced electric scooter companies and comparatively weaker applications in a process that was riddled with bias, the SFMTA should revisit the decision and employ a fair selection process,” the company wrote in a press release.

Those two “less experienced” electric scooter companies Lime’s referring to are Skip, which currently operates via an official permit in Washington, D.C., and Scoot, which has successfully and legally operated shared electric mopeds in the city for several years.

Following the SFMTA’s decision, Lime sent an appeal requesting the agency reevaluate its application. At the time, the SFMTA said it was “confident” it picked the right companies.

Now, since the SFMTA still plans to enable both Scoot and Skip to deploy their respective scooters on Monday, Lime says it “believes that it has no choice but to seek emergency relief in the court.”

Ahead of the decision in Santa Monica, Lime, along with Bird, protested recommendations for the city to not grant Lime a permit. Though, the city did end up granting Lime a permit. Lime, however, is not the only company that has appealed the decision in San Francisco. Earlier this week, Lyft reportedly petitioned SF Mayor London Breed, asking her to reconsider the SFMTA’s decision to only grant two permits for electric scooters.

“It’s unfortunate Lime has chosen this course,” John Coté, communications director for City Attorney Dennis Herrera said in a statement. “The SFMTA’s permitting process for the pilot program was thoughtful, fair and transparent. It includes an appeal process that Lime should be pursuing instead of wasting everyone’s resources by running to court.”

He added:

Lime appears to be playing games. It had weeks to resolve this and instead chose a last-minute motion in an effort to shut down the entire scooter program. Lime fails to admit that its application simply didn’t match those of its competitors. If Lime succeeds, it will be hurting the very people it purports to want to help – those who are ready to use scooters on Monday.

Last spring, Lime told San Franciscans that electric scooters were a great transportation alternative. Now, Lime is saying that if they can’t run electric scooters in San Francisco, no one can. It’s sour grapes from Lime, plain and simple.

I’ve reached out to the SFMTA and will update this story if I hear back.

11 Oct 2018

DARPA wants to teach and test ‘common sense’ for AI

It’s a funny thing, AI. It can identify objects in a fraction of a second, imitate the human voice, and recommend new music, but most machine “intelligence” lacks the most basic understanding of everyday objects and actions — in other words, common sense. DARPA is teaming up with the Seattle-based Allen Institute for Artificial Intelligence to see about changing that.

The Machine Common Sense program aims to both define the problem and engender progress on it, though no one is expecting this to be “solved” in a year or two. But if AI is to escape the prison of the hyper-specific niches where it works well, it’s going to need to grow a brain that does more than execute a classification task at great speed.

“The absence of common sense prevents an intelligent system from understanding its world, communicating naturally with people, behaving reasonably in unforeseen situations, and learning from new experiences. This absence is perhaps the most significant barrier between the narrowly focused AI applications we have today and the more general AI applications we would like to create in the future,” explained DARPA’s Dave Gunning in a press release.

Not only is common sense lacking in AIs, but it’s remarkably difficult to define and test, given how broad the concept is. Common sense could be anything from understanding that solid objects can’t intersect to the idea that the kitchen is where people generally go when they’re thirsty. As obvious as those things are to any human more than a few months old, they’re actually quite sophisticated constructs involving multiple concepts and intuitive connections.

It’s not just a set of facts (like that you must peel an orange before you eat it, or that a drawer can hold small items) but identifying connections between them based on what you’ve observed elsewhere. That’s why DARPA’s proposal involves building “computational models that learn from experience and mimic the core domains of cognition as defined by developmental psychology. This includes the domains of objects (intuitive physics), places (spatial navigation), and agents (intentional actors).”

But how do you test these things? Fortunately great minds have been at work on this problem for decades, and one research group has proposed an initial method for testing common sense that should work as a stepping stone to more sophisticated ones.

I talked with Oren Etzioni, head of the Allen Institute for AI, which has been working on common sense AI for quite a while now, among many other projects regarding the understanding and navigation of the real world.

“This has been a holy grail of AI for 35 years or more,” he said. “One of the problems is how to put this on an empirical footing. If you can’t measure it, how can you evaluate it? This is one of the very first times people have tried to make common sense measurable, and certainly the first time that DARPA has thrown their hat, and their leadership and funding, into the ring.”

The AI2 approach is simple but carefully calibrated. Machine learning models will be presented with written descriptions of situations and several short options for what happens next. Here’s one example:

On stage, a woman takes a seat at the piano. She
a) sits on a bench as her sister plays with the doll.
b) smiles with someone as the music plays.
c) is in the crowd, watching the dancers.
d) nervously sets her fingers on the keys.

The answer, as you and I would know in a heartbeat, is d. But the amount of context and knowledge that we put into finding that answer is enormous. And it’s not like the other options are impossible — in fact, they’re AI-generated to seem plausible to other agents but easily detectable by humans. This really is quite a difficult problem for a machine to solve, and current models are getting it right about 60 percent of the time (25 percent would be chance).

There are 113,000 of these questions, but Etzioni told me this is just the first dataset of several.

“This particular dataset is not that hard,” he said. “I expect to see rapid progress. But we’re going to be rolling out at least four more by the end of the year that will be harder.”

After all, toddlers don’t learn common sense by taking the GRE. As with other AI challenges, you want gradual improvements that generalize to harder versions of similar problems — for example, going from recognizing a face in a photo, to recognizing multiple faces, then identifying the expression on those faces.

There will be a proposers day next week in Arlington for any researcher who wants a little face time with the people running this little challenge, after which there will be a partner selection process, and early next year the selected groups will be able to submit their models for evaluation by AI2’s systems in the spring.

The common sense effort is part of DARPA’s big $2 billion investment in AI on multiple fronts. But they’re not looking to duplicate or compete with the likes of Google, Amazon, and Baidu, which have invested heavily in the narrow AI applications we see on our phones and the like.

“They’re saying, what are the limitations of those systems? Where can we fund basic research that will be the basis of whole new industries?” Etzioni suggested. And of course it is DARPA and government investment that set the likes of self-driving cars and virtual assistants on their first steps. Why shouldn’t it be the same for common sense?

11 Oct 2018

Astronauts land safely after Soyuz launch fails at 20 miles up

A fault in a Soyuz rocket booster has resulted in an aborted crew mission to the International Space Station, but fortunately no loss of life. The astronauts in the capsule, Nick Hague (U.S.) and Alexey Ovchinin (Russia) successfully detached upon recognizing the fault and made a safe, if bumpy, landing nearly 250 miles east of the launch site in Kazakhstan. This high-profile failure could bolster demand for U.S.-built crewed spacecraft.

The launch proceeded normally for the first minute and a half, but at that point, when the first and second stages were meant to detach, there was an unspecified fault, possibly a failure of the first stage and its fuel tanks to detach. The astronauts recognized this issue and immediately initiated the emergency escape system.

Hague and Ovchinin in the capsule before the fault occurred.

The Soyuz capsule detached from the rocket and began a “ballistic descent” (read: falling), arrested by a parachute before landing approximately 34 minutes after the fault. Right now that’s about as much detail on the actual event as has been released by Roscosmos and NASA. Press conferences have been mainly about being thankful that the crew is okay, assuring people that they’ll get to the bottom of this and kicking the can down the road on everything else.

Although it will likely take weeks before we know exactly what happened, the repercussions for this failure are immediate. The crew on the ISS will not be reinforced, and as there are only 3 up there right now with a single Soyuz capsule with which to return to Earth, there’s a chance they’ll have to leave the ISS empty for a short time.

The current crew was scheduled to return in December, but NASA has said that the Soyuz is safe to take until January 4, so there’s a bit of leeway. That’s not to say they can necessarily put together another launch before then, but if the residents there need to stay a bit longer to safely park the station, as it were, they have a bit of extra time to do so.

The Soyuz booster and capsule have been an extremely reliable system for shuttling crew to and from the ISS, and no Soyuz fault has ever led to loss of life, although there have been a few issues recently with DOA satellites and of course the recent hole found in one just in August.

This was perhaps the closest a Soyuz has come to a life-threatening failure, and as such any Soyuz-based launches will be grounded until further notice. To be clear, this was a failure with the Soyuz-FG rocket, which is slated for replacement, not with the capsule or newer rocket of the same name.

SpaceX and Boeing have been competing to create and certify their own crew capsules, which were scheduled for testing some time next year — but while the Soyuz issues may nominally increase the demand for these U.S.-built alternatives, the testing process can’t be rushed.

That said, grounding the Soyuz (if only for crewed flights) and conducting a full-scale fault investigation is no small matter, and if we’re not flying astronauts up to the ISS in one of them, we’re not doing it at all. So there is at least an incentive to perform testing of the new crew capsules in a timely manner and keep to as short a timeframe as is reasonable.

You can watch the launch as it played out here:

11 Oct 2018

Watch Boston Dynamics’ humanoid robot leap up massive steps like it’s nothing

Two years ago, Boston Dynamics’ humanoid robot Atlas needed a big ol’ safety tether to shuffle its way down a flat hiking trail. Five years ago it needed a big, bolted-down support structure to keep itself upright.

Now it’s casually leaping up and over obstacles that would leave many humans huffing and puffing.

The company demonstrated Atlas’ newly found hops in a video published this morning:

It starts with a lil’ leap over a log before Atlas bounds its way right up a set of 40 cm (1.3 ft) steps.

While just getting a massive, heavy robot to walk on two feet is a feat few companies have cracked, there’s a whole set of new challenges at play here. Getting Atlas’ limbs up and over the step, while appropriately shifting the weight and momentum onto one foot without the whole thing face-planting… it’s a complicated set of mechanics. Notice the sideways leaps, and — particularly in the slow motion cut at the 9-second mark — the way the hips/feet seem to angle a bit to compensate.

(For the curious: Atlas weighs around 180 lbs, as of the last time Boston Dynamics disclosed the numbers.)

At this point, we’ve gone from “Haha, neat, look at the funny robot running like a human,” to “I’m pretty sure that robot could beat me up.”

Wondering what the company is up to here? We talked with Boston Dynamics’ founder Marc Raibert about the hows and whys a few months back at our robotics event in Berkeley. The video is below:

11 Oct 2018

Bird hires Uber’s former head of finance and director of corporate development

Bird, the scooter-sharing startup founded by former Uber VP of International Growth Travis VanderZanden, has brought a couple of former Uber employees to the flock.

Joining Bird as VP and Head of Finance is Dennis Cinelli, who worked as Uber’s head of finance for global rides up until this month, according to his LinkedIn. Uber, of course, is not without a financial leader. In August, Uber’s lengthy search for a chief financial officer ended when the company hired Nelson Chai, the former CEO of insurance and warranty provider Warranty Group. Bird has also brought on Uber’s now-former director of corporate development Yibo Ling, who also worked at Uber up until this month, according to Ling’s LinkedIn.

“As Bird enters its second year, we’re continuing to expand our talented executive team to build on and scale our momentum,” Bird founder and CEO Travis VanderZanden said in a press release. “Dennis and Yibo both bring valuable experience expanding markets and I look forward to working with them closely as we continue on our mission.”

Last month, Bird hit 10 million rides after about one year of operating. Earlier this month, Bird unveiled custom electric scooters and a delivery service for people to be able to rent scooters for a full day.