Month: June 2019

27 Jun 2019

Trump’s tweets likely to be impacted by Twitter’s new ‘abusive behavior’ notice

Twitter didn’t name any names with today’s new feature news, but one extremely online user loomed large over the announcement. The company took to its Safety blog to announce the addition of a new “abusive behavior” label that users will have to click through to access content.

This isn’t just any content warning, though. It applies to a pretty exclusive club of users whose writing breaks the company’s anti-abuse rules, but whose comments are still deemed part of “the public conversation.” In order to apply, they must,

  • Be or represent a government official, be running for public office, or be considered for a government position (i.e., next in line, awaiting confirmation, named successor to an appointed position)

  • Have more than 100,000 followers

  • Be verified.

Granted, the state of public discourse in 2019 and in the lead up to next year’s election will almost certainly ensure that a number of people fall squarely in the center of that Venn diagram, but Twitter probably could have saved a few paragraphs by just calling this one “Trump’s Law.” Jack Dorsey and other execs have clearly been extremely uncomfortable with the position the President has placed them in by regularly saber rattling and name calling on the site.

The new feature will look like other sensitive material notices on the platform, with the option to click through to read the content. It will show up in safe search, Top Tweets, push notifications and a few other places. Tweets sent before today will not be subject to the new feature.

The move is sure to stir up feelings amongst politicians already crying foul against perceived social media bias, and Twitter says it will “continue to evaluate how our rules and enforcement actions can be clearer and keep working to make our decision-making easier to understand.” Republican politicians have regularly called out Twitter, Facebook and other sites for “shadow banning” and other instances and what they believe to be a liberal Silicon Valley bias.

27 Jun 2019

A Boston startup developing a nuclear fusion reactor just got a roughly $50 million boost

After twenty five years of research, scientists at the Massachusetts Institute of Technology think that they have finally cracked the code for the commercialization for nuclear fusion reactions.

Commonwealth Fusion Systems is the fruit of that research. It’s a startup building on decades of research and development that plans to harness the power of the sun to create a cleaner, stable source of energy for consumers. And the company just raised another $50 million in funding from some of the country’s deepest pocketed private investors to continue on its path to commercialization.

The company unveiled its technology and a first $64 million in financing from investors including the Italian energy company, Eni; Breakthrough Energy Ventures, the investment consortium established by the world’s richest men and women, and The Engine, MIT’s own investment vehicle for frontier technologies.

Now Future Ventures, the investment firm created by Steve Jurvetson, Khosla Ventures, Chris Sacca’s Lowercase Capital, Moore Strategic Ventures, Safar Partners, Schooner Capital and Starlight Ventures.

Commonwealth Fusion Systems began as a student project in 2014 whose goal was to reduce the cost of nuclear fusion. The class, which was taught by Dennis Whyte, who is the head of MIT’s Plasma Science and Fusion Center, came up with a new reactor technology they called the ARC (standing for “affordable, robust, compact”). That technology still came in with a few billion dollar price tag — something that would make most investors balk.

So the class went back to the drawing board, trying to come up with a minimum viable product that could produce a net energy gain (with more energy coming out of the reaction than was put in).

Net energy gain is the real sticking point for most nuclear fusion technologies. A few research institutions and projects have been able to achieve a fusion reaction, but maintaining it and getting more power out than was put in has been elusive.

In Europe, the ITER reactor, a $20 billion, multi-national effort, is 60% of the way toward its 2045 target for generating energy. Closer to home, startups like TAE Technologies and General Fusion are two other North American entrants looking at lower-cost ways to generate fusion power. And in the UK, First Light Fusion and Tokamak Energy are trying to put their own spin on fusion power.

For Bob Mumgaard, the chief executive of Commonwealth Fusion Systems, everything appears to be proceeding according to plan. on track. “CFS is on track to commercialize fusion and deliver an inherently safe, globally scalable, carbon-free, and limitless energy source,” he said in a statement.

Commonwealth Fusion expects to have its smallest possible reactor built by 2025 thanks to the research that MIT has done on proprietary magnet technology that the company uses to confine its nuclear reaction. In fact, most of the financing will go toward construction of the full scale magnet technology Commonwealth Fusion uses to contain its reactions.

The ultimate goal is to build a fusion reactor that can generate 50 megawatts of energy either as heat or to create electricity using a steam turbine.

Unlike fusion reactors, which have significant environmental risks, a fusion power plant would be regulated in much the same way as any industrial facility, says Mumgaard. “The hazard profile of fusion continues to put it in [the category of] an industrial facility. The laws exist, but we haven’t gone out and built the plant yet, so no one has the precedent.”

Mumgaard envisions a 200 megawatt scale reactor that could slot into the place of a wind farm or solar power plant.

“You have to keep track of moving towards vs. going to get to,” he says. “The consensus is we do not have a solution in hand for deep decarbonization of the electricity grid. if you look at where the biggest gains even in renewables.. the biggest gains are in the utility scale were you’re talking hundreds of megawatts of power per site.”

Renewable energy alone will not be enough to meet the demand that’s coming from modern metropolises, according to Mumgaard. “There is huge demand for concentrated energy to power the modern lifestyle.

Public opinion on the issue is increasingly divided — especially among nuclear opponents who count themselves as part of the Sunrise Movement behind the Green New Deal that’s been the talk of the town in energy policy circles. But most energy analysts  argue for a blended approach and say that to get to zero carbon emissions (the ultimate goal for the scientific community), nuclear power will need to be incorporated into the mix.

“We have been looking for the right clean energy investment opportunity in fusion for the past 20 years, said Steve Jurvetson, chief executive of Future Ventures, in a statement. “We wanted a company that was ready to make a business of fusion and we have finally found it with Commonwealth Fusion Systems. The hard science from which their approach is based has been proven by this team as well as leaders in the field around the world.  With some clever engineering, CFS is ready to harness the power of the solar cycle to change the world and usher in the era of clean baseload energy generation for the betterment of all.”

27 Jun 2019

Assistive technologies will be a $26 billion dollar market, and investors are only now addressing it

Rohan Silva is obsessed with social mobility and why certain groups are so under-represented in the technology industry.

He co-founded Second Home, a coworking space looking to bring together disparate civic-minded, cultural, creative and commercial entrepreneurs at sites in Lisbon, London and (now) Los Angeles, and he has spent years examining how gender, race and class impact access to technology as a now-reformed politician. Throughout that work though, one area that he says he overlooked was accessibility and entrepreneurship focused on people with disabilities.

“At Second Home, we pride ourselves on having a diverse community. I can count on one hand the number of founders with disabilities we have in our community, so there is definitely something going profoundly wrong,” Silva says.

Enlisting the help of the European venture capital fund Atomico, Silva has set up a micro-investment fund of £100,000 to tackle the problem.

“It’s a large amount compared to what I have and a small amount compared to most venture capital funds,” he explains. “The much bigger prize here is the ability to fund technologies that have the opportunities to improve the lives of people with disabilities.”

Silva isn’t alone. Organizations like Not Impossible Labs, a Los Angeles-based company, and startups like OrCam Technologies, eSight, B-Temia, Kinova Robotics, Open Bionics, Voiceitt and Whill are harnessing technology to bring solutions to people with disabilities across the world.

27 Jun 2019

Mozilla previews a redesigned and faster Firefox for Android

Mozilla today announced the first preview of a redesigned version of Firefox for Android that promises to be up to two times faster. The new version also introduces an easier to use and rather minimalist user interface, as well as support for collections, Mozilla’s new take on bookmarks. The new browser also features Firefox’s tracking protection, which is on by default. Over time, this preview will become the default Firefox for Android.

A few years ago, with Quantum, the Firefox team make a number of under-the-hood improvements to the browser’s core backend technologies. Now, it is doing something similar with GeckoView, Mozilla’s browser engine for Android. Implementing the technology the team developed for this in the browser now “paves the way for a complete makeover of the mobile Firefox experience,” the organization writes in today’s announcement.

“While all other major Android browsers today are based on Blink and therefore reflective of Google’s decisions about mobile, Firefox’s GeckoView engine ensures us and our users independence,” says the Firefox team. “Building Firefox for Android on GeckoView also results in greater flexibility in terms of the types of privacy and security features we can offer our mobile users.”

An early version of Firefox with GeckoView is now available for testing on Android under the Firefox Preview moniker. Mozilla notes that the user experience will sill change quite a bit before it is final.

Screenshot 20190627 081245When you first launch it, Preview opens up a new default experience that lets you sign in to a Firefox account, decide on whether you want a light or dark theme (or have the system switch automatically depending on the time of day), turn on privacy features and more.

One feature I really appreciate is that, by default, the preview puts the URL bar at the bottom of the screen, so that it’s within easy reach of your thumb. If you swipe up on the URL bar, you get both a share and bookmark icon, too. That takes some getting used to but quickly becomes second nature.

I haven’t run any formal benchmarks, but the preview definitely feels significantly snappier and smoother than any previews Firefox version on Android, up to the point where I wouldn’t hesitate to make it my default browser on mobile, especially given its built-in privacy features. I haven’t run into any hard crashes so far either, but this is obviously a beta version, so your mileage may vary.

For the rest of the year, the team will focus on optimizing the preview for all Android devices, but for now, it’s already worth a look if you’re looking to play with a new mobile browser on your Android device and not afraid of the occasional bug.

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27 Jun 2019

Waymo starts self-driving pick-ups for Lyft riders

Autonomous driving company Waymo has launched its tie-in with Lyft, using a “handful” of vehicles to pick up riders in its Phoenix testing zone, per CNBC. To be eligible, Lyft users requesting a ride have to be doing a trip that both starts and ends in the area of Phoenix that it’s already blocked for for its own autonomous testing.

The number of cars on the road is less than 10, since Waymo plans to eventually expand to 10 total for this trial but isn’t there yet. Those factors combined mean that the number of people who’ll get this option probably isn’t astronomical, but when they are opted in, they’ll get a chance to decide whether to go with the autonomous option via one of Waymo’s vans (with a safety driver on board) or just stick with a traditional Lyft .

Waymo and Lyft announced their partnership back in May, and the company still plans to continue operating its own Waymo One commercial autonomous ride-hailing service alongside the Lyft team-up.

27 Jun 2019

Fellow raises $6.5M to help make managers better at leading teams and people

Managing people is perhaps the most challenging thing most people will have to learn in the course of their professional lives – especially because there’s no one ‘right’ way to do it. But Ottawa-based startup Fellow is hoping to ease the learning curve for new managers, and improve and reinforce the habits of experienced ones with their new people management platform software.

Fellow has raised $6.5 million in seed funding, from investors including Inovia Capital, Felicia Ventures, Garage Capital and a number of angels. The funding announcement comes alongside the announcement of their first customers, including Shopify (disclosure: I worked at Shopify when Fellow was implemented and was an early tester of this product, which is why I can can actually speak to how it works for users).

The Fellow platform is essentially a way to help team leads interact with their reports, and vice versa. It’s a feedback tool that you can use to collect insight on your team from across the company; it includes meeting supplemental suggestions and templates for one-on-ones, and even provides helpful suggestions like recommending you have a one-on-one when you haven’t in a while; and it all lives in the cloud, with integrations for other key workplace software like Slack that help it integrate with your existing flow.

Fellow co-founder and CEO Aydin Mirzaee and his co-founding team have previous experience building companies: They founded Fluidware, a survey software company, in 2008 and then sold it to SurveyMonkey in 2014. In growing the team to over 100 people, Mirzaee says they realized where there were gaps, both in his leadership team’s knowledge and in available solutions on the market.

“Starting the last company, we were in our early 20s, and like the way that we used to learn different practices was by using software, like if you use the Salesforce, and you know nothing about sales, you’ll learn some things about sales,” Mirzaee told me in an interview. “If you don’t know about marketing, use Marketo, and you’ll learn some things about marketing. And you know, from our perspective, as soon as we started actually having some traction and customers and then hired some people, we just got thrown into it. So it was ‘Okay, now, I guess we’re managers.’ And then eventually we became managers of managers.”

Fellow Team Photo 2019

Mirzaee and his team then wondered why a tool like Salesforce or Marketo didn’t exist for management. “Why is it that when you get promoted to become a manager, there isn’t an equivalent tool to help you with that?” he said.

Concept in hand, Fellow set out to build its software, and what it came up with is a smartly designed, user-friendly platform that is accessible to anyone regardless of technical expertise or experience with management practice and training. I can attest to this first-hand, since I was a first-time manager using Fellow to lead a team during my time at Shopify – part of the beta testing process that helped develop the product into something that’s ready for broader release. I was not alone in my relative lack of management knowledge, Mirzaee said, and that’s part of why they saw a clear need for this product.

“The more we did research, the more we figured out that obviously, managers are really important,” he explained. “70% of customer engagements are due to managers, for instance. And when people leave companies, they tend to leave the manager, not the company. The more we dug into it the more it was clear that there truly was this management problem –  management crisis almost, and that nobody really had built a great tool for managers and their teams like.”

Fellow’s tool is flexible enough to work with specific management methodologies like setting SMART goals or OKRs for team members, and managers can use pre-set templates or build their own for things like setting meeting talking points, or gathering feedback from the colleagues of their reports.

Right now, Fellow is live with a number of clients including Shoify, Vidyard, Tulip, North and more, and it’s adding new clients who sign up on a case-by-case basis, but increasing the pace at which it onboard new customers. Mirzaee explained that it hopes to open sign ups entirely later this year.

27 Jun 2019

Fungible raises $200 million led by SoftBank Vision Fund to help companies handle increasingly massive amounts of data

Fungible, a startup that wants to help data centers cope with the increasingly massive amounts of data produced by new technologies, has raised a $200 million Series C led by SoftBank Vision Fund, with participation from Norwest Venture Partners and its existing investors. As part of the round, SoftBank Investment Advisers senior managing partner Deep Nishar will join Fungible’s board of directors.

Founded in 2015, Fungible now counts about 200 employees and has raised more than $300 million in total funding. Its other investors include Battery Ventures, Mayfield Fund, Redline Capital and Walden Riverwood Ventures. Its new capital will be used to speed up product development. The company’s founders, CEO Pradeep Sindhu and Bertrand Serlet, say Fungible will release more information later this year about when its data processing units will be available and their on-boarding process, which they say will not require clients to change their existing applications, networking or server design.

Sindu previously founded Juniper Networks, where he held roles as chief scientist and CEO. Serlet was senior vice president of software engineering at Apple before leaving in 2011 and founding Upthere, a storage startup that was acquired by Western Digital in 2017. Sindu and Serlet describe Fungible’s objective as pivoting data centers from a “compute-centric” model to a data-centric one. While the company is often asked if they consider Intel and Nvidia competitors, they say Fungible Data Processing Units (DPU) complement tech, including central and graphics processing units, from other chip makers.

Sindhu describes Fungible’s DPUs as a new building block in data center infrastructure, allowing them to handle larger amounts of data more efficiently and also potentially enabling new kinds of applications. Its DPUs are fully programmable and connect with standard IPs over Ethernet local area networks and local buses, like the PCI Express, that in turn connect to CPUs, GPUs and storage. Placed between the two, the DPUs act like a “super-charged data traffic controller,” performing computations offloaded by the CPUs and GPUs, as well as converting the IP connection into high-speed data center fabric.

This better prepares data centers for the enormous amounts of data generated by new technology, including self-driving cars, and industries such as personalized healthcare, financial services, cloud gaming, agriculture, call centers and manufacturing, says Sindu.

In a press statement, Nishar said “As the global data explosion and AI revolution unfold, global computing, storage and networking infrastructure are undergoing a fundamental transformation. Fungible’s products enable data centers to leverage their existing hardware infrastructure and benefit from these new technology paradigms. We look forward to partnering with the company’s visionary and accomplished management team as they power the next generation of data centers.”

27 Jun 2019

250 retailers will compete against Amazon’s Prime Day, up from 194 last year

Amazon’s Prime Day event, now in its fifth year, is no longer just a big sales day for Amazon — it’s become the official kickoff to back-to-school shopping season and a new sales holiday that extends across the web among rival retailers. And those retailers’ competitive response to Prime Day is bigger than ever this year, according to a new report from RetailMeNot. In 2019, the firm estimates that 250 retailers will take part in Prime Day by offering deals of their own. That’s up from 194 last year, and up from just 7 retailers on Amazon’s first Prime Day in 2015.

Screen Shot 2019 06 27 at 10.46.07 AM

The increased participation may be related in part to the size of Amazon’s sale this year. Prime Day has been stretched out over the years. In 2018, for example, Prime Day became a 36-hour sale and, at the time, the biggest shopping event in Amazon’s history.

But more retailers today are aware that offering an alternative sale will bring in the shoppers, similar to how Black Friday and Cyber Monday sales also do.

Walmart, for example, is readying its answer to Prime Day by offering deals over a longer period of time than Amazon’s now 48-hour Prime Day 2019 event. Instead, of two days, the rival retailer is going for four. Walmart says it will offer “thousands” of special deals and Rollbacks starting on July 14 — the day before Prime Day starts. And these will continue until July 17, the day after Prime Day ends.

Walmart hasn’t announced what deals are in the works as of yet, beyond an HP 15.6″ HD Touch Display Laptop for $429 (currently $447), and the Dyson Multifloor Bagless Upright Vacuum for $154.00 (currently $175).

Target, meanwhile, is prepping its own answer to Prime Day with its biggest summer sale, Target Deal Days, which will take place concurrently with Prime Day (July 15-16). The retailer says it also will feature “thousands” of deals both online and in its app, with new deals each day. These deals haven’t yet been announced, either, but will expand across home, apparel, toys, and more, and will include both Target’s own brands and national brands.

While Prime Day brings the traffic and the sales, there’s some hint that the sale itself could be improved.

Based on RetailMeNot’s survey, 64% of shoppers are hoping that Amazon provides better deals on items this year, 58% want a greater selection, and 54% want more time to take advantage of deals. Nearly all also say they hope the overall Prime Day shopping experience this year is improved.

Back-to-school shoppers and parents will be dropping some cash on Prime Day, too, the report additionally found. 64% of parents say they’ll participate in Prime Day 2019 and will shop at 11 retailers, on average. Parents also plan to spend $162 on Prime Day and complete around 35% of their total back-to-school shopping during that time.

 

27 Jun 2019

Cathay Innovation leads Laiye’s $35M round to bet on Chinese enterprise IT

For many years, the boom and bust of China’s tech landscape have centered around consumer-facing products. As this space gets filled by Baidu, Alibaba, Tencent, and more recently Didi Chuxing, Meituan Dianping, and ByteDance, entrepreneurs and investors are shifting attention to business applications.

One startup making waves in China’s enterprise software market is four-year-old Laiye, which just raised a $35 million Series B round led by cross-border venture capital firm Cathay Innovation. Existing backers Wu Capital, a family fund, and Lightspeed China Partners, whose founding partner James Mi has been investing in every round of Laiye since Pre-A, also participated in this Series B.

The deal came on the heels of Laiye’s merger with Chinese company Awesome Technology, a team that’s spent the last 18 years developing Robotic Process Automation, a term for technology that lets organizations offload repetitive tasks like customer service onto machines. With this marriage, Laiye officially launched its RPA product UiBot to compete in the nascent and fast-growing market for streamlining workflow.

“There was a wave of B2C [business-to-consumer] in China, and now we believe enterprise software is about to grow rapidly,” Denis Barrier, co-founder and chief executive officer of Cathay Innovation, told TechCrunch over a phone interview.

Since launching in January, UiBot has collected some 300,000 downloads and 6,000 registered enterprise users. Its clients include major names such as Nike, Walmart, Wyeth, China Mobile, Ctrip and more.

Guanchun Wang, chairman and CEO of Laiye, believes there are synergies between AI-enabled chatbots and RPA solutions, as the combination allows business clients “to build bots with both brains and hands so as to significantly improve operational efficiency and reduce labor costs,” he said.

When it comes to market size, Barrier believes RPA in China will be a new area of growth. For one, Chinese enterprises, with a shorter history than those found in developed economies, are less hampered by legacy systems, which makes it “faster and easier to set up new corporate software,” the investor observed. There’s also a lot more data being produced in China given the population of organizations, which could give Chinese RPA a competitive advantage.

“You need data to train the machine. The more data you have, the better your algorithms become provided you also have the right data scientists as in China,” Barrier added.

However, the investor warned that the exact timing of RPA adoption by people and customers is always not certain, even though the product is ready.

Laiye said it will use the proceeds to recruit talents for research and development as well as sales of its RPA products. The startup will also work on growing its AI capabilities beyond natural language processing, deep learning, and reinforcement learning, in addition to accelerating commercialization of its robotic solutions across industries.

27 Jun 2019

Amazon snags Taylor Swift to headline its Prime Day 2019 concert

Amazon is going big on this year’s Prime Day. In addition to expanding its popular sales event to two days instead of one, the retailer is also planning to host a Prime Day Concert headlined by Taylor Swift, exclusively for Prime members. The concert streams worldwide on July 10, 2019, at 9 PM ET on Prime Video — but you’ll need to be a paying subscriber to watch. Other artists will also participate in the concert, including Dua Lipa, SZA, and Becky G.

The concert serves several purposes beyond just raising awareness around Prime Day or giving Prime members another perk. It’s also a marketing vehicle for Amazon Music, which Amazon is today offering for 99 cents for the first four months. Prime members get access to 2 million songs with Prime Music, but can upgrade to Amazon Music Unlimited to access 50 million songs, ad-free.

In addition, Amazon plans to use the concert airtime to advertise its upcoming Amazon Original series, including Carnival Row, starring Orlando Bloom and Cara Delevingne; Modern Love, based on the NYT column of the same name; the Emmy-winning The Marvelous Mrs. Maisel; Tom Clancy’s Jack Ryan; superhero drama The Boys; new animated series Undone, and more.

The timing of the concert — which arrives ahead of Prime Day’s July 15 kickoff — is notable, too. By hosting the event in advance, Amazon is encouraging potential new Prime members to sign up early for the $119 per year Prime subscription — instead of bombarding Amazon’s website with sign-up requests on Prime Day itself in order to gain access to the exclusive deals.

Though Amazon’s site is used to handling heavy loads, Prime Day has not been without its issues at times. For example, last year, Amazon went down at the beginning of Prime Day — the Prime Day landing page broke, error pages abounded, and checkout wasn’t working.

Amazon says the concert will stream live on Prime Video in more than 200 countries and will be available for next-day, on-demand viewing for a limited time after.

Subscribers can watch the concert via Prime Video on any platform, and can ask Alexa to ” play the Prime Day Concert” or “show me the Prime Day Concert” on their Fire TV or Echo Show devices.

This is not the first time Amazon has hosted a Prime Day concert. Last year, Ariana Grande headlined a similar event.

“We can’t wait to celebrate Prime Day with an extraordinary night of unforgettable performances, for members around the globe,” said Steve Boom, VP of Amazon Music, in a statement. “Prime Day brings members the best of both entertainment and shopping. To celebrate, we’ve curated a lineup across multiple genres with performances from artists our customers love. We’re looking forward to celebrating Prime Day with this can’t-miss, one-of-a-kind event,” he added.