Author: azeeadmin

11 Sep 2018

Facebook’s ‘Rosetta’ system helps the company understand memes

Memes are the language of the web and Facebook wants to better understand them.

Facebook’s AI teams have made substantial advances over the years in both computer vision and natural language recognition. Today, they’ve announced some of their latest work that works to combine advances in the two fields. A new system, codenamed “Rosetta,” helps teams at Facebook and Instagram identify text within images to better understand what their subject is and more easily classify them for search or to flag abusive content.

It’s not all memes; the tool scans over a billion images and video frames daily across multiple languages in real time, according to a company blog post.

Rosetta makes use of recent advances in optical character recognition (OCR) to first scan an image and detect text that is present, at which point the characters are placed inside a bounding box that is then analyzed by convolutional neural nets that try to recognize the characters and determine what’s being communicated.

via Facebook

This technology has been in practice for a while — Facebook has been working with OCR since 2015 — but implementing this across the company’s vast networks provides a crazy degree of scale that motivated the company to develop some new strategies around character detection and recognition.

If you’re interested in some of the more technical details of what they did here, check out the team’s research paper on the topic.

Facebook has plenty of reasons to be interested in the text that is accompanying videos or photos, particularly when it comes to their content moderation needs.

Identifying spam is pretty straightforward when the text description of a photo is “Bruh!!! ???” or “1 like = 1 prayer,” but videos and photos that employ similar techniques seemed to be more present in timelines as Facebook tweaks its algorithm to promote “time well spent.” The same goes for hate speech, which can much more easily be shared when all the messaging is encapsulated in one image or video, which makes text overlays a useful tool.

The company says that this system presents new challenges for them in terms of multi-language support as it’s currently running off a unified model for languages and the bulk of available training data is currently in the Latin alphabet. In the company’s research paper, the team details that it has some strategies to conjure up new language support by repurposing existing databases.

As Facebook looks to offload work from human content moderators and allow its news feed algorithms to sort content based on assigned classifications, a tool like this has a lot of potential to shape how Facebook identifies harmful content, but also put more interesting content in front of you.

11 Sep 2018

TiDB developer PingCAP wants to expand in North America after raising $50M Series C

PingCAP co-founder and CEO Max Liu

PingCAP, the company behind MySQL-compatible distributed database TiDB, said today that it plans its global operations after raising a $50 million Series C. The round was led by Chinese venture capital firms Fosun and Morningside Venture Capital, with participation from returning investors including China Growth Capital, Yunqi Partners and Matrix Partners.

Based in Beijing, the company says it will also use the new capital to build more cross-cloud products. PingCAP is focusing on the North American market since it is the most mature cloud market, said Kevin Xu, the company’s general manager of U.S. strategy and operations, in an email.

Founded in 2015 by Dylan Cui, Edward Huang and Max Liu, PingCAP has raised about $72 million so far, including its $15 million Series B announced in June 2017. TiDB is an open-source hybrid transactional and analytical database targeted at companies that need to handle large volumes of data and plan to scale up quickly, but still want to be able to use the same database. Many of its users come from the financial, e-commerce, gaming and travel industries and currently include Mobike, Bank of Beijing, Hulu, Lenovo and Ele.me.

In terms of other distributed databases, TiDB is often compared to CockroachDB and FoundationDB. Xu says one of the main things that differentiatese TiDB from CockroachDB is its ability to handle hybrid transactional and analytical processing workloads at scale, in addition online transaction processing. It is also MySQL compatible, while CockroachDB is PostgreSQL compatible. He adds that FoundationDB is more comparable to TiKV, the key-value storage layer developed by PingCAP that recently became a Cloud Native Computing Foundation project, because FoundationDB is not a relational database like TiDB with a SQL interface.

In a press statement, Morningside Venture Capital managing director Richard Liu said “The database industry has always been a competitive arena, and PingCAP has secured a prominent spot in this crowded field by becoming the go-to solution for many large-scale Internet companies and financial services enterprises in China. Thus, we are glad to grow with PingCAP and continue building the TiDB ecosystem together.”

11 Sep 2018

Investors are tuning out Sonos after a disappointing quarter

Sonos stock is still struggling to recover after a disappointing earnings report sent shares of the audio hardware manufacturing company plummeting.

The stock is currently down over 18 percent in trading on the Nasdaq after yesterday’s news that the company lost 45 cents per share on revenues of roughly $208 million for the quarter.

The losses put Sonos on pace for its worst day since debuting on the public markets in August.

Revenue was down pretty sharply on an annual basis thanks to declining sales of the company’s Playbase audio streaming service (which retails for $699), which Sonos rolled out last year. And while the company’s speaker business posted a small gain in sales, it wasn’t enough to offset Sonos’ costs because the Sonos One smart speaker only sells for $199.

So it’s not just that the company is less profitable, but that it’s less profitable because Sonos is selling more of its less profitable services.

In fact, even though Sonos sold 11 percent more products on an annual basis, its revenues fell because of the drop in average selling prices.

Despite the grim quarterly numbers, Sonos executives assured analysts that the company would be on track to hit revenue of $1.11 billion for the year (roughly in line with Wall Street expectations).

Here’s what Sonos chief executive Patrick Spence had to say about the losses:

Despite the double-digit percentage increase in products sold, revenue declined 6.6% compared to Q3 of FY2017. This dynamic between year-over-year product unit growth and year-over-year revenue decline can be caused by our new product launches and/or product mix. When we launch a new product, two things happen that can impact quarterly comparability: 1) initial new product channel fill can create higher revenue levels relative to a typical quarter; and, 2) although channels are typically filled two to six weeks before general availability, revenue is not recognized until the date of general availability, which can push revenue resulting from channel fill into one quarter, thus accentuating new product launch impact.

In Q3 FY2018, the largest driver impacting our year-over-year revenue decline was the Q3 FY2017 launch of our PLAYBASE product. PLAYBASE revenue was approximately $18 million lower in Q3 FY2018 than Q3 FY2017, the quarter in which PLAYBASE launched. In addition to the product launch dynamics discussed above, overall product mix also impacted quarterly comparability. Our Q3 FY2018 product unit growth was driven by a 25% increase in wireless speaker products sold, and primarily by the Sonos One, a product launched in Q1 FY2018 which carries a $199 U.S. manufacturer’s suggested retail price (U.S. MSRP). The decreasing share of the $699 U.S. MSRP PLAYBASE and increasing share of Sonos One further explains the difference between quarterly product unit growth and the decline in revenue, compared to Q3 FY2017.

With the disappointing results, Sonos runs the risk of finding itself on a path that’s already been traveled by other once-celebrated niche hardware makers before it, like GoPro and Fitbit.

11 Sep 2018

Apple’s iPhone event will be live streamed on Twitter for the first time

Apple’s iPhone press event will be live streamed on Twitter for the first time, TechCrunch has confirmed. This news backs up an earlier report from last month, which claimed Apple would expand the ability to watch the event to Twitter’s platform, instead of only through Safari and Apple TV or Microsoft Edge on Windows 10, as in the past.

Many had been speculating the event would live stream on Twitter, due to the wording Apple is using in its latest Promoted Tweet about the event.

The tweet asks users to sign up for “updates” on event day and follow the action on Twitter via the #AppleEvent hashtag. While Apple has run Twitter ads before, including to those that remind users to tune in and watch, the tweet’s wording this time had hinted that the action may be live streamed on Twitter.

Instead of saying “follow” the event on Twitter, the tweet says “…watch the #AppleEvent live on Twitter.” (Emphasis ours).

“Watch” implies a live stream, and the tweet itself features an animated GIF as another hint.

The tweet doesn’t currently appear on Apple’s own Twitter account – something that’s possible with Twitter’s “Promoted Only” ad product, which allows a business to only show a tweet to users targeted in an ad campaign.

Users can heart Apple’s tweet to receive an update about the event tomorrow, it says.

The event kicks off at 10 AM PDT and can also be streamed via Apple TV and Apple’s Events site on the web, as usual. Apple confirmed the Twitter live stream.

Expanding the live stream to Twitter isn’t an unusual choice for Apple, as of late.

The company has been making it possible for more people to watch its live events online in recent months. For example, this year’s WWDC keynote was the first one Apple allowed Chrome and Firefox users to live stream, too. Before, only Safari or Apple TV users could watch Apple’s events live, along with Windows 10 users via the Microsoft Edge browser.

 

 

11 Sep 2018

Ericsson and T-Mobile ink $3.5 billion deal for 5G

New 5G networks are coming and big companies are spending big bucks to roll them out.

Ericsson is going to be providing T-Mobile with its latest 5G new radio hardware and 3GPP for a cool $3.5 billion.

As it moves from LTE Advanced networks to 5G, T-Mobile said it will use the Ericsson portfolio of products to expand its existing LTE capacity while readying the network for the 5G jump.

Included in the deal are Ericsson’s digital services like dynamic orchestration, business support systems, and Ericsson cloud core, which will be used to help T-Mobile roll out 5G services to its customers.

“We have recently decided to increase our investments in the US to be closer to our leading customers and better support them with their accelerated 5G deployments; thereby bringing 5G to life for consumers and enterprises across the country,” said Niklas Heuveldop, the president and head of Ericsson North America, said in a statement. “This agreement marks a major milestone for both companies. We are excited about our partnership with T-Mobile, supporting them to strengthen, expand and speed up the deployment of their nationwide 5G network.”

As Mobile World Congress Americas gears up there will be several of these announcements coming down the pike. Already Nokia and Sprint announced that they’d be unveiling a demonstration of 5G new radio connections and the Nokia Massive MIMO (multiple input multiple output) technology.

New 5G networking technology promises to deliver high speeds, high-reliability, energy efficient service in areas of high device density with extremely low latency.

The partnership with Ericsson means that T-Mobile’s already installed base of Ericsson Radio System radios will be able to run 5G NR with a a remote software installation.

11 Sep 2018

Tickets are now available for São Paulo’s Startup Battlefield Latin America

We’re very excited to announce that tickets are now available for TechCrunch’s Startup Battlefield Latin America, which will be held at São Paulo’s Tomie Ohtake Institute on November 8, 2018.

Tickets are free and available through a simple application process, which you can find here. We will select applicants on a first come, first served basis for people actively involved in the Latin American startup ecosystem. Throughout the week, Facebook will also host a Latin America Tech Week that will include multiple workshops for startups, developers, women in tech, high school and university students, and more.

We’re also pleased to announce more details on the show itself:

The heart of the day is the Startup Battlefield competition, which will feature 15 top, early stage startups from throughout Latin America. We received over 400 applications, and will make final selections and notify contestants in a few days. Each company will pitch to a panel of judges in one of three preliminary rounds, and five will advance to a final round. The judges, all top VCs and founders, will pick a winner, who will receive a $25,000 check as well as an all-expense paid trip for two to participate in an upcoming TC Disrupt.

In addition to the Battlefield, we have a great speaker line-up. Here are a few highlights:

  • Christina Junqueira and David Vélez, founders of NuBank, the Brazilian fintech company disrupting financial services
  • Hans Tung, Managing Partner at GGV Capital, one of the top venture firms working between the US and China
  • Veronica Allende Serra, founding partner of Brazil’s Innova Capital
  • Sebastian Mejia, Co-founder of Rappi, the Colombian on-demand delivery company rapidly expanding across Latin America
  • David Arana, Co-founder of Konfio, the Mexican online lending platform for small businesses
  • Hernan Kazah, Co-founder and managing partner at Argentina’s Kaszek Ventures
  • Antonia Rojas Eing, partner at Chile’s Manutara Ventures

We’ll announce the speakers and Startup Battlefield judges soon. Apply for a ticket now while they last.

11 Sep 2018

Instacart brings on Mark Schaaf as Chief Technology Officer

Instacart has brought on Mark Schaaf as Chief Technology Officer.

Schaaf previously held positions at AdMob, which was acquired by Google in 2009 for $750 million. From there, he went on to build and lead a team at Google within the mobile display ad business. In 2015, Schaaf left Google to join Thumbtack as CTO.

Schaaf has been working on marketplace businesses since 2006, and explained that Instacart represents a particularly interesting marketplace to continue scaling.

“Thumbtack is a more consumer-focused marketplace with local service professionals and consumers, but Instacart gets even more complex,” said Schaaf. “It’s a four-sided marketplace, and then you overlay it with logistics. The goal is to make the physical world better with technology, and to build a tech core that solves a problem in the physical world.”

Though the company wouldn’t disclose current numbers around engineers, Schaaf plans to double the size of the engineering team by the end of 2019. According to Schaaf, there are a number of different marketplace dynamics at play to keep the engineering team busy: balancing supply and demand, logistics and routing, efficient batching and routing, and overlaying geography to all of that.

“When you think of all that, it brings up the classic engineering problem of the traveling salesman,” said Schaaf. “This will take a lot of data science modeling and algorithmic work, a lot of AI and machine learning, to make Instacart as efficient as possible.”

Instacart has been on a bit of a hiring spree lately, bringing on David Hahn as Chief Product Officer and Dani Dudeck as its first Chief Communications Officer. TechCrunch also learned that Instacart’s Chief Growth Officer Elliot Shmukler made plans to leave last month, which may signal that another C-Suite hire is imminent.

11 Sep 2018

Tinder launches its curated ‘Top Picks’ feature worldwide

Earlier this summer, Tinder began testing a new feature that surfaces a curated list of your best potential matches, called “Top Picks.” The feature, which is only available to paying subscribers on Tinder Gold, is now available worldwide, Tinder says.

Top Picks had also quietly launched in the U.S. and U.K. last week following initial tests in Germany, Brazil, France, Canada, Turkey, Mexico, Sweden, Russia and the Netherlands, in addition to the U.K. However, Tinder waited until the global rollout was underway to announce its arrival.

The idea behind Top Picks seems a bit inspired by the dating app Coffee Meets Bagel, which similarly focuses on curation of matches to reduce users’ impulse to continue swiping through what feels like an unlimited number of profiles. Humans don’t do well with too many choices – an overabundance of options can actually lead to anxiety, and – in the case of dating apps – an inability to settle on a decision, as users know there’s always another potential match just around the corner, or so it’s been argued.

Tinder’s solution for this is Top Picks, a more limited set of potential matches it thinks users will like based on information in users’ profiles like education, type of job, hobbies and interests. Tinder then uses this data to organize users into groupings, like “foodie” or “creative” or “adventurer” and so on.

This information is combined with users’ previous swiping behavior to determine the day’s Top Picks, which area available to toggle over to (via the diamond icon) on the app’s home screen.

While Top Picks will refresh daily, users can opt to buy more Top Picks in packs of 10, 20 or 30 a la carte, Tinder says. (Yes, by “packs” we do mean groups of user profiles – Tinder has turned people into in-app purchases you can buy. Yeah. Great.).

The feature is only available to Tinder Gold subscribers, meaning it varies in price. Tinder charges older users more for accessing Gold, and weights other factors like region, length of subscription, and recent in-app promotions when showing you its pricing.

Paid features like Top Picks have helped to fuel Tinder’s growth and its revenue.

Following the launch of its subscription service, Tinder Gold, the app quickly became the top grossing app in the App Store. And it has held a top spot ever since – even becoming the number 5 top grossing app of all-time, according to a recent report of the App Store’s biggest apps.

Paid subscribers are also soaring. Tinder parent company Match Group reported that Tinder added 299,000 paid members in the second quarter, totalling 1.7 million additions in the past year, and more than 3 million to date.

“We’re excited to finally share Top Picks with our users around the world given its early success,” said Brian Norgard, Chief Product Officer at Tinder, in a statement. “Data suggests users in test markets have loved the feature, and we’re happy to make one Top Pick available to all users each day with this global rollout. The feature refreshes every day, highlighting the diversity, talents and passions of our users in a simple, fun and useful manner.”

The launch of Top Picks arrives at the same time that a new documentary about Tinder’s outsized influence on dating culture, Swiped, has debuted on HBO.

The film takes a fairly damning view of online dating via apps like Tinder, by highlighting some of its worst attributes – like the men ordering women to their home the way they do Seamless; the swipe addicts who always think there’s someone better out there; the unsolicited sexual photos women receive; as well as the overall decline in value for genuine human connections, due to the abundance of choice offered by dating apps’ massive “catalogs.”

Top Picks won’t necessarily solve these problems. At best, it may at least help users narrow their focus and begin to understand there aren’t actually endless dating options when you have certain criteria in mind. At worst, it may encourage users to view people as even more of a commodity, as they click to pay merely pennies for more Top Picks “packs.”

The feature is rolling out globally on iOS and Android as of Monday evening.

11 Sep 2018

As biological manufacturing moves to the mainstream, Synvitrobio rebrands and raises cash

The pace at which the scientific breakthroughs working to bend the machinery of life to the whims of manufacturing have transformed into real businesses has intensified competition in the biomanufacturing market.

That’s just one reason why Synvitrobio is rebranding as it takes on $2.6 million in new financing to pursue opportunities in biopharmaceutical and biochemical manufacturing. Under its new name, Tierra Biosciences, the company hopes to emphasize its focus on agricultural and biochemical products.

The company is one of several looking to commercialize the field of “cell-free” manufacturing — where biological engineers strip down the cellular building blocks of life to their most basic components to create processes that ideally can be more easily manipulated to produce different kinds of chemicals.

There’s a standard way to create these cell free processes (described quite nicely in The Economist).

Grab a few quarts of culture with some kind of bacteria, plant or animal cells in it. Then use pressure to force the cells through a valve to break up their membranes and DNA . Give the goo a nice warm environment heated to roughly the average temperature of a human body for about an hour. That activates enzymes that will eat the existing DNA.

Put all of it in a centrifuge to separate out the ribosomes (which are the important bits). Take those ribosomes and give them a mixture of sugars, amino acids, adenosine triphosphate (the molecular compound that breaks down to provide energy for all biological functions), and new DNA with a different set of instructions on what to make and voila! Micro-factories in a test tube.

Along with co-founders Richard Murray, of the California Institute of Technology, and George Church, one of the living legends of modern genetics, chief executive officer Zachary Sun designed Tierra to be an engine for new biochemical discovery.

“Everything floats in the cytoplasm… We keep that internal stuff and that allows us to run reactions where a cell wall isn’t necessary. I want to reduce the complex system down to its component parts,” says Sun. “We look at this as a data collection problem. We want to use cell free to tell you what to put either in a cell or in cell free systems… We can collect more data faster using our cell free system.”

The startup is already working with the Department of Energy research institution at Oak Ridge National Laboratory to develop processes to create vanillin (vanilla extract) and mevalonate (turpentine) from biomass.

It’s an approach that is already showing the potential for investment returns in life sciences and pharmaceuticals. For inspiration, Tierra can look to the South San Francisco-based Sutro Biopharma.

That company has signed a drug discovery agreement with Merck to develop new immune-modulating therapies (that bring the immune system into check) for cancer and auto-immune disorders, in a deal worth up to $1.6 billion if the company hits certain milestones — in addition to a $60 million upfront payment. Sutro raised over $85 million in new funding in July (from investors including Merck) and just filed to go public on the Nasdaq.

According to Sun, the newly-named Tierra has its own partnerships with global 2000 companies in the works. “We’re looking to scale those commitments. We see the application space as being this natural products environment,” he says.

There’re multiple avenues to pursue with the technology widely applicable to everything from pesticides to pharmaceuticals, flavorings, and even energy.

Cyclotron Road team photos. 2016. Zachary Sun

“Synthetic biology at its core is about applying engineering best practices to speed up the ‘design-build-test’ cycles in the reprogramming of existing or construction of new biological systems. By component-izing and modularizing the cell they can radically increase the speed of those cycles,” says Seth Bannon, a co-founder of the venture capital firm Fifty Years, which invests in startups commercializing “frontier” science. 

For the investors, entrepreneurs and reporters who witnessed the birth of the cleantech bubble a decade ago and then tracked its implosion in subsequent years, the excitement this kind of technology elicits is another of history’s rhymes.

Technologies like Tierra’s aren’t new. San Diego-based Genomatica has been working on biological manufacturing for the past 18 years. The company is now exploring a cell-free system to grow chemicals that are used in the manufacture of materials like Lycra. Since 2008, Medford, Mass.-based GreenLight Biosciences has been working to bring its own biologically-based zero-calorie sugar substitute to market.

What may be different now is the maturity of the technologies that are being commercialized and the perspective of the startups coming to market — who have the benefit of avoiding the missteps made by an earlier generation.

Investors led by Social Capital with participation from Fifty Years, KdT Ventures and angel investors seem to see a difference in these companies. And large research institutions are also marshaling resources to support the vision laid out by Sun, Murray and Church. DARPA, the National Institutes of Health, the Department of Energy, Cyclotron Road and Lawrence Berkeley National Laboratory, the National Science Foundation, and the Gates Foundation have all backed the company as well.

“So many therapeutic molecules come from nature. As the DNA of plants, animals, and microbes is read in exponentially increasing volume, we expect to find useful and game-changing chemistry encoded by it. Tierra’s platform will allow us to look for molecules which might otherwise be buried in the complexity of cells’ metabolism,” says Louis Metzger, Chief Scientific Officer of Tierra, who comes from a background of drug discovery.

11 Sep 2018

Veeam server lapse leaks over 440 million email addresses

You know what isn’t a good look for a data management software company? A massive mismanagement of your own customer data.

Veeam, a backup and data recovery company, bills itself as a data giant that among other things can “anticipate need and meet demand, and move securely across multi-cloud infrastructures,” but is believed to have mislaid its own database of customer records.

Security researcher Bob Diachenko found an exposed database containing more than 200 gigabytes of customer records, mostly names, email addresses, and in some cases IP addresses. That might not seem like much but that data would be a goldmine for spammers or bad actors conducting phishing attacks.

Diachenko, who blogged about his latest find, the database didn’t have a password and could be accessed by anyone knowing where to look.

The database of more than 200 gigabytes — including two collections that had 199.1 million and 244.4 million email addresses and records respectively over a four-year period between 2013 and 2017. Without downloading the entire data set, it’s not know how many records are duplicates.

After TechCrunch informed the company of the exposure, the server was pulled offline within three hours.

When initially reached for comment, Veeam spokesperson Heidi Kroft said: “We will continue to conduct a deeper investigation and we will take appropriate actions based on our findings.”

Veeam says on its website that it has 307,000 customers covering most of the Fortune 500.

It’s not the first time a massive database of email addresses has leaked online. An exposed database run by River City Media leaked over 393 million email addresses in 2017, which prompted a frivolous lawsuit against the security researcher who found it. And, later in the year, a massive spambot of 711 million email addresses, believed to be largest ever, was uncovered last year by a Paris-based researcher.