Year: 2020

03 Jul 2020

The UK government to acquire satellite company OneWeb in deal funded in part by India’s Bharti Global

Distressed satellite constellation operator OneWeb, which had entered bankruptcy protection proceedings at the end of March, has completed a sale process, with a consortium led by the UK Government as the winner. The group, which includes funding from India’s Bharti Global – part of business magnate Sunila Mittal’s Bharti Enterprises – plan to pursue OneWeb’s plans of building out a broadband internets satellite network, while the UK would also like to potentially use the constellation for Positioning, Navigation and Timing (PNT) services in order to replace the EU’s sat-nav resource, which the UK lost access to in January as a result of Brexit.

The deal involves both Bharti Global and the UK government putting up around $500 million each, respectively, with the UK taking a 20 percent equity stake in OneWeb, and Bharti supplying the business management and commercial operations for the satellite firm.

OneWeb, which has launched a total of 74 of its planned 650 satellite constellation to date, suffered lay-offs and the subsequent bankruptcy filing after an attempt to raise additional funding to support continued launches and operations fell through. That was reportedly due in large part to majority private investor SoftBank backing out of commitments to invest additional funds.

The BBC reports that while OneWeb plans to essentially scale back up its existing operations, including reversing lay-offs, should the deal pass regulatory scrutiny, there’s a possibility that down the road it could relocate some of its existing manufacturing capacity to the UK. Currently, OneWeb does its spacecraft manufacturing out of Florida in a partnership with Airbus.

OneWeb is a London-based company already, and its constellation can provide access to low latency, high-speed broadband via low Earth orbit small satellites, which could potentially be a great resource for connecting UK citizens to affordable, quality connections. The PNT navigation services extension would be an extension of OneWeb’s existing mission, but theoretically, it’s a relatively inexpensive way to leverage planned in-space assets to serve a second purpose.

Also, while the UK currently lacks its own native launch capabilities, the country is working towards developing a number of spaceports for both vertical and horizontal take-off – which could enable companies like Virgin Orbit, and other newcomers like Skyrora, to establish small-sat launch capabilities from UK soil, which would make maintaining and extending in-space assets like OneWeb’s constellation much more accessible as a domestic resource.

03 Jul 2020

US plans to rollback special status may erode Hong Kong’s startup ecosystem

For two months, the people of Hong Kong waited in suspense after China’s legislature approved a new national security law. The legislation’s details were finally made public yesterday and almost immediately went into effect. As many Hong Kong residents feared, the broadly written new law gives Beijing extensive authority over the Special Administrative Region and has the potential to sharply curtail civil liberties.

In response, the United States began the first measures to end the special status it gives to Hong Kong, with the Commerce and State Departments suspending export license exceptions for sensitive U.S. technology and blocking the export of defense equipment.

Much remains uncertain. Hong Kong had also previously enjoyed many freedoms that do not exist in mainland China, under the “one country, two systems” principle put into place after the United Kingdom returned control to China. After announcing the new policies, the U.S. government said further restrictions are being considered. Under special status, Hong Kong had privileges including lower trade tariffs and a separate customs and immigration designation from mainland China, but now the future of those is unclear.

Equally opaque is how the erosion of special status and the new national security law will impact Hong Kong’s startups in the future. In conversations with TechCrunch, investors and founders said they believe the region’s ecosystem is resilient, partly because many companies offer online services — especially financial services — and have already established operations in other markets. But they are also keeping an eye on further developments and preparing for the possibility that key talent will want to relocate to other countries.

03 Jul 2020

Lime puts Jump bikes back on London streets

Jump bikes are returning to London — this time through its new owner Lime .

London is the first city in Europe to see Jump bikes return since Uber offloaded the company to Lime in a complex deal that unfolded in May. Lime raised $170 million in a funding round led by Uber, along with other existing investors Alphabet, Bain Capital Ventures and GV. As part of the deal, Lime acquired Jump, the electric bike and scooter division that Uber acquired in 2018 for around $200 million.

When the deal closed with Lime, thousands of Jump bikes were scrapped in the United States and the entire Jump team — some 400 employees — lost their jobs. Lime closed the acquisition of Jump in Europe several weeks after the transaction closed in the U.S. Until now, it was unclear if the Jump bikes in Europe would suffer the same fate as their counterparts in the United States.

Thousands of Jump bikes were pulled off the streets in European cities such as Berlin, Brussels, Lisbon, London, Madrid, Malaga, Munich, Paris, Rome and Rotterdam. It’s unlikely that Lime will put Jump bikes back in all of these cities. Sources have said Lime plans to redeploy Jump scooters and bikes in London, Paris, Rome and Barcelona. Today’s announcement appears to be the first step.

For now, the Jump bikes will be available in the Uber app in London. The Jump bikes will be added to the Lime app at a later date as a result of ongoing systems integration, the company said. The fleet size will start at around 100 e-bikes and will grow based on demand. Pricing will be £1 unlock and 15p per minute thereafter. Bikes will be deployed in Camden and Islington, Lime said.

Demand for bikes appears to have prompted Lime to bring Jump back into service. The company said that since lockdown restrictions have eased, Lime’s e-bike rental service has seen record usage. The micromobility company said users are taking longer journeys and the bikes are being used more frequently. Lime also recorded its highest-ever usage in a single day over a weekend in mid-June with more than 4,000 new users. Lime said its e-bike network has now facilitated over 1.5 million journeys across London.

The reintroduction of Jump bikes in London is part of a broader plan by Lime to increase its presence in the city. Earlier this week, the UK announced that an e-scooter pilot program would begin Saturday. Lime said it has partnered with global insurance giant Allianz to provide coverage for Lime e-scooter riders in the UK. Lime said it co-designed a two-year safety campaign with Allianz that will run until March 2022.

03 Jul 2020

Intel to invest $253.5 million in India’s Reliance Jio Platforms

Intel said on Friday it will invest $253.5 million in Jio Platforms, joining a roster of high-profile investors including Facebook and Silver Lake that have backed India’s top telecom operator in recent months.

The chipmaker’s investment arm said it is acquiring a 0.39% stake in Jio Platforms, giving the Indian firm a valuation of $65 billion. Intel Capital is the 12th investor to buy a stake in Jio Platforms, which has raised more than $15.5 billion by selling a 25% stake since April this year.

“Jio Platforms’ focus on applying its impressive engineering capabilities to bring the power of low-cost digital services to India aligns with Intel’s purpose of delivering breakthrough technology that enriches lives. We believe digital access and data can transform business and society for the better. Through this investment, we are excited to help fuel digital transformation in India, where Intel maintains an important presence,” said Wendell Brooks, Intel Capital President, in a statement.

More to follow…

02 Jul 2020

Festo’s latest biomimetic robots are a flying feathered bird and ball-bottomed helper arm

You could be excused for thinking that German robotics company Festo does nothing but put together fabulous prototype robots built to resemble kangaroos, jellyfish, and other living things. They do in fact actually make real industrial robots, but it’s hard not to marvel at their biomimetic experiments; Case in point, the feathered BionicSwift and absurd BionicMobileAssistant motile arm.

Festo already has a flying bird robot — I wrote about it almost 10 years ago. They even made a flying bat as a follow-up. But the BionicSwift is more impressive than both because, in an effort to more closely resemble its avian inspiration, it flies using artificial feathers.

Image Credits: Festo

“The individual lamellae [i.e. feathers] are made of an ultralight, flexible but very robust foam and lie on top of each other like shingles. Connected to a carbon quill, they are attached to the actual hand and arm wings as in the natural model,” Festo writes in its description of the robot.

The articulating lamellae allow the wing to work like a bird’s, forming a powerful scoop on the downstroke to push against the air, but separating on the upstroke to produce less resistance. Everything is controlled on-board, including the indoor positioning system that the bird was ostensibly built to demonstrate. Flocks of BionicSwifts can fly in close quarters and avoid each other using an ultra wideband setup.

Festo’s BionicMobileAssistant seems like it would be more practical, and in a way it is, but not by much. The robot is basically an arm emerging from a wheeled base — or rather a balled one. The spherical bottom is driven by three “omniwheels,” letting it move easily in any direction while minimizing its footprint.

The hand is a showcase of modern robotic gripper design, with all kinds of state of the art tech packed in there — but the result is less than the sum of its parts. What makes a robotic hand good these days is less that it has a hundred sensors in the palm and fingers and huge motility for its thumb, but rather intelligence about what it is gripping. An unadorned pincer may be a better “hand” than one that looks like the real thing because of the software that backs it up.

Not to mention the spherical movement strategy makes for something of an unstable base. It’s telling that the robot is transporting scarves and not plates of food or parts.

Of course, it’s silly to criticize such a machine, which is aspirational rather than practical. But it’s important to understand that these fascinating creations from Festo are hints at a possible future more than anything.

02 Jul 2020

Sprint 5G is no more, as T-Mobile focuses on its own network

A day after formally completing the sale of Boost, Virgin and other Sprint prepaid networks to Dish, T-Mobile is pulling the plug on Sprint 5G. The move is one in a long list of issues that need sorting out in the wake of April’s $26.5 billion merger. And like a number of other moves, it’s set to leave some customers in the lurch.

The end of Sprint’s 2.5 GHz 5G comes as T-Mobile opts to focus on its own network. T-Mobile already started the process in New York City, a few weeks after the merger and has since completed it in a handful of other cities, including Atlanta, Chicago, Dallas-Fort Worth, Houston, Kansas City, Los Angeles, Phoenix and Washington, D.C.

As CNET notes, while most existing Sprint 5G customers won’t be able to make the transition with their existing device, Samsung Galaxy S20 5G users are in the clear here. For everyone else, T-Mobile is offering up credits on leases for new 5G handsets.

T-Mobile told TechCrunch in a statement, “We are working to quickly re-deploy, optimize and test the 2.5GHz spectrum before lighting it up on the T-Mobile network.”

Along with the sale of Boost, 5G was a big selling point for T-Mobile’s Sprint acquisition. The carriers argued that the deal was necessary to keep them competitive with first and second place carriers AT&T and Verizon when it came to the next-generation wireless technology.

At the time FCC chairman Ajit Pai agreed stating, “This transaction will provide New T-Mobile with the scale and spectrum resources necessary to deploy a robust 5G network across the United States.”

Earlier this week, OpenSignal awarded T-Mobile the top spot in availability, noting, “In the U.S., T-Mobile won the 5G Availability award by a large margin with Sprint and AT&T trailing with scores of 14.1% and 10.3%, respectively.”

02 Jul 2020

Uber adds another independent director to its board: Flex CEO Revathi Advaithi

Uber has a new, independent board member, shows a new SEC filing: CEO Revathi Advaithi of 51-year-old Flex, which is among the world’s largest electronic manufacturers and competes against Taiwan’s Foxconn Technology.

Advaithi, a mechanical engineer who grew up in India with four sisters, was appointed to the top job in February of last year after spending roughly 10 years with the electronic manufacturing company Eaton, where she was COO and oversaw its global electrical business. Before that, Advaithi spent six years as a VP at Honeywell.

She came to the job at a tough time. Specifically, Flex once counted among its biggest customers the Chinese company Huawei, for which it provided contract services for products like smartphones and 5G base stations. But the U.S. government last year banned U.S. firms, or non-U.S. firms with more than 25% American components in their products, from doing business with Huawei after it was deemed a national security risk. Indeed, the company, which today enjoys a market cap of $5 billion, saw its shares trading in the high teens in 2018 but they’d fallen to around $10 a share before Advaithi and they have largely stay there since.

Advaithi is currently Uber’s third female director. In February, it announced that Mandy Ginsberg had been appointed to the board.  GInsberg was CEO of the dating app company Match Group until January of this year, reportedly stepping down from the role after a tornado hit her home in Dallas and she underwent surgery. (Publicly traded Match Group was already expected at the time to be spun away from its majority shareholder, IAC, a maneuver that was completed yesterday.)

In. 2017, it also appointed then Nestlé executive Wan Ling Martello to its board. She left Nestlé in 2018.

Advaithi took over as Flex CEO when its longtime chief, Michael McNamara, resigned to join the venture capital firm Eclipse.

02 Jul 2020

‘Westworld’ creators are developing a ‘Fallout’ TV series for Amazon

“Fallout,” the post-apocalyptic video game franchise published by Bethesda Softworks, is being turned into a TV series by Kilter Films, the production company of Jonathan Nolan and Lisa Joy.

The series, which began in 1997, takes place in an alternate future with a retro tone, after a nuclear war has turned most of the world into a wasteland. The games have continued in the two decades since, most recently with the release of “Fallout 76.”

The series — currently in development, with a series commitment from Amazon Studios — is part of Nolan and Joy’s overall deal with streaming service, which they signed last year for a reported $150 million.

The husband-and-wife team is best known for creating HBO’s new version of “Westworld” (based on a Michael Crichton film from the 1970s). They’re also working on an adaptation of William Gibson’s novel “The Peripheral.”

“Fallout is one of the greatest game series of all time,” Nolan and Joy said in a statement. “Each chapter of this insanely imaginative story has cost us countless hours we could have spent with family and friends. So we’re incredibly excited to partner with Todd Howard and the rest of the brilliant lunatics at Bethesda to bring this massive, subversive, and darkly funny universe to life with Amazon Studios.”

 

02 Jul 2020

‘Westworld’ creators are developing a ‘Fallout’ TV series for Amazon

“Fallout,” the post-apocalyptic video game franchise published by Bethesda Softworks, is being turned into a TV series by Kilter Films, the production company of Jonathan Nolan and Lisa Joy.

The series, which began in 1997, takes place in an alternate future with a retro tone, after a nuclear war has turned most of the world into a wasteland. The games have continued in the two decades since, most recently with the release of “Fallout 76.”

The series — currently in development, with a series commitment from Amazon Studios — is part of Nolan and Joy’s overall deal with streaming service, which they signed last year for a reported $150 million.

The husband-and-wife team is best known for creating HBO’s new version of “Westworld” (based on a Michael Crichton film from the 1970s). They’re also working on an adaptation of William Gibson’s novel “The Peripheral.”

“Fallout is one of the greatest game series of all time,” Nolan and Joy said in a statement. “Each chapter of this insanely imaginative story has cost us countless hours we could have spent with family and friends. So we’re incredibly excited to partner with Todd Howard and the rest of the brilliant lunatics at Bethesda to bring this massive, subversive, and darkly funny universe to life with Amazon Studios.”

 

02 Jul 2020

Police roll up crime networks in Europe after infiltrating popular encrypted chat app

Hundreds of alleged drug dealers and other criminals are in custody today after police in Europe infiltrated an encrypted chat system reportedly used by thousands to discuss illegal operations. The total failure of this ostensibly secure method of communication will likely have a chilling effect on the shadowy industry of crime-focused tech.

“Operation Venetic” was reported by various police agencies, major local news outlets, and by Motherboard in especially vibrant form, quoting extensively people apparently from within the groups affected.

The operation involved hundreds of officers working across numerous agencies in France, the Netherlands, the U.K., and other countries. It began in 2017, and culminated two months ago when a service called EncroChat was hacked and the messages of tens of thousands of users exposed to police scrutiny.

EncroChat is a step up in some ways from encrypted chat apps like Signal and WhatsApp. Rather like Blackberry once did, EncroChat provided customized hardware, a dedicated OS, and its own servers to users, providing an expensive service costing thousands per year rather than a one-time purchase or download.

Messages on the service were supposedly very secure and had deniability built in by letting conversations be edited later — so theoretically a user could claim after the fact they never said something. Motherboard’s Joseph Cox has been following the company for some time and has far more details on its claims and operations.

Image Credits: EncroChat /

Needless to say those claims were not entirely true, as at some point in early 2020 police managed to introduce malware into the EncroChat system that completely exposed the conversations and images of its users. Because of the trusted nature of the app, people would openly discuss drug deals, murders, and other crimes, making them sitting ducks for law enforcement.

Throughout the spring criminal operations were being cracked open with alarming (to them) regularity, but it wasn’t until May that users and EncroChat managed to put the pieces together. The company attempted to warn its users and issue an update, but the cat was out of the bag. Seeing that its operation was now exposed, the Operation Venetic teams struck.

Arrests across the several countries involved (there were numerous sub-operations but France and the Netherlands were the primary investigators) total near a thousand, but exact numbers are not clear. Dozens of guns, tons (metric, naturally) of drugs and the equivalent of tens of millions of dollars in cash were seized. More importantly, the chat logs seem to have provided access to people higher up the food chain than ordinary busts would have.

That the reportedly most popular of encrypted chat companies focused on illegal activities could be so completely subverted by international authorities will likely put a damper on its competition. But like other, more domestic challenges to encryption, such as the perennial complaints by the FBI, this event is more likely to strengthen the tools in the long run.