Category: UNCATEGORIZED

30 Apr 2020

Microsoft opens registration for its free, online Build 2020 developer conference

Microsoft has now opened the registration for the virtual edition of its online-only Build 2020 developer conference, which will take place from May 19 to 20.

Typically, the event draws over 6,000 developers, but because of the coronavirus pandemic, that’s obviously not an option. In contrast to Google, which completely scrapped its I/O developer conference this year, Microsoft decided to go ahead with the virtual event, though. But this will be a very different kind of Build — and not only because it’s online-only.

Not only will the keynotes be shorter (though there will still be Day 1 and Day 2 keynotes). but in response to feedback from developers that have attended previous events, the Microsoft team also decided to focus solely on that audience. In previous years, Microsoft often used Build to announce consumer products, just like Google does at I/O. But that won’t happen this year. And instead of using the keynotes to put an early spotlight on features that won’t be available for half a year or more, the event will be more about providing content that’s immediately useful for developers and new products that are either immediately available or only a couple of months out from getting into the hands of developers.

That also likely means that even though Microsoft CEO Satya Nadella will still keynote, there will be less talk about big picture company philosophy and more about developer tools and APIs.

Some of the keynotes and demos will be live, some will be pre-recorded, but overall, the look and feel of the event shouldn’t be all that different from what developers who previously watched Build from afar experienced. But it will be shorter and more focused than in previous years, which isn’t necessarily a bad thing.

Attendees sit in pods during the Microsoft Developers Build Conference in Seattle, Washington, U.S., on Monday, May 7, 2018. The Build conference, marking its second consecutive year in Seattle, is expected to put emphasis on the company’s cloud technologies and the artificial intelligence features within those services. Photographer: Grant Hindsley/Bloomberg via Getty Images

30 Apr 2020

Apple News hits 125 million monthly active users

During the pandemic crisis, active users of Apple’s news platform hit an all-time high.

On an earnings call, Apple CEO Tim Cook shared that Apple News had reached 125 million monthly active users. Cook announced the number after revealing the company’s Q2 performance which saw its Products revenue declines year-over-year while Services surged.

The company earned Services revenue of $13.35 billion in Q2, juicing the segment by about $1.9 billion since last year.

The company launched a paid version of Apple News called Apple News+ last year which offered users access to paywalled news sites and magazines for $9.99 per month. Apple has not delivered any users numbers on how that element of the platform is faring.

30 Apr 2020

iPhone sales are down, ahead of uncertain times for the industry

Stop me if you’ve heard this one before: Apple device sales have taken a hit, but the company’s services are doing swell. The iPhone, the longtime cornerstone of the company’s hardware portfolio hit $28.96 billion in revenue for Q2, down from $31.1 billion from this time last year. The iPad and Mac lines saw drops for the quarter, as well.

The company had already sounded the alarm bells for a weakened demand, due to the growing threat of COVID-19. Way back in February, Apple noted that the coming pandemic was set to both impact the global supply chain and weaken demand in China. “All of our stores in China and many of our partner stores have been closed. Additionally, stores that are open have been operating at reduced hours and with very low customer traffic,” it said at the time.

While aspects of life have returned to normal in China, the virus has subsequently taken a huge hit to much of the rest of the world, including Apple’s home in the U.S., which continues to lead the world in COVID-19 cases.

Unsurprisingly, CEO Tim Cook struck a consolatory note in a press release, in spite of the company’s decision not to offer third-quarter guidance. “Despite COVID-19’s unprecedented global impact, we’re proud to report that Apple grew for the quarter, driven by an all-time record in services and a quarterly record for wearables,”  he writes.

Wearables were, indeed, up. The category, which also includes home and accessory products like the HomePod, was up to $6.3 billion from $5.1 billion. The category continues to be a success on the strength of the Apple Watch and AirPods lines. Services, too, continue to grow steadily, up to $13.3 billion from $11.5 billion. That category seems to be a reasonably safe bet, as users turn to offerings like Apple Music and Apple TV+ during the on-going stay at home period.

The future for smartphones continues to be a rocky one, going forward. The company recently introduced the SE in a bid to appeal to consumers put off by $1,000+ price tags. And Apple’s certainly not alone there. The entire industry has taken a hit in recent years, well before the arrival of the novel coronavirus.

Apple and other companies were expected to get a boost from the arrival of 5G, though everything is currently up in the air, due to the pandemic. That reportedly also includes the arrival of a 5G iPhone, which is said to have potentially been pushed back a month over supply chain issues.

30 Apr 2020

A new pro bono portal just launched for lawyers looking to help people hit hard by the pandemic

The coronavirus pandemic has laid low a lot of Americans, more than 62,000 of whom have already died since the beginning of March and 30 million more who are now out of work owing to the resultant shutdown of most businesses and public gathering places.

The ensuant crisis it has created is so massive that any type of coordinated effort is a challenge to pull together. Fortunately, that hasn’t stopped the American Bar Association and a justice tech company called Paladin that we introduced to readers last year. On the contrary, the SaaS startup — which helps legal teams sign up for pro bono opportunities, then makes their work and its impact  easier to track — has teamed up with the ABA to help lawyers find pro bono opportunities specially to help people affected by the coronavirus pandemic and other natural disasters.

It’s a way to accelerate work that the ABA has been doing for that last 13 years through its Young Lawyers Division’s Disaster Legal Services Program, and time, right now, is of the essence.

We were in touch yesterday with Paladin cofounder Kristen Sonday to learn more about the new portal, which helps lawyers filter opportunities by practice area, communities to serve, type of engagement and the ability to work remotely. We asked how it might better hep attorneys and those in need of their services to connect faster.

TC: How did this project come together? Who brought in whom to do what?

KS: The Paladin team saw a similar response to COVID-19 as previous legal emergencies in how volunteer attorneys were being recruited, which is mostly through online forms and spreadsheets [and] manual and ad hoc.

We had already built a version of a centralized opportunity guide for the Chicago Bar Foundation, and this seemed like a great opportunity to leverage that technology to help legal services organizations across the country recruit and manage disaster response volunteers seamlessly.

TC: Two other companies are involved here: LegalZoom and Clio. What role are they playing?

We approached LegalZoom and Clio to get involved given their reach on both the client and solo/small firm sides. They’re covering the costs of researching and developing this online resource, and we’re excited about the partnership because both organizations are well-known for their commitment to using technology to increase access to justice and improve legal services. filter opportunities by practice area, communities to serve, type of engagement and the ability to work remotely.

TC: Who are some of the people, or businesses, you see this helping right now? What are some common cases?

KS: Vulnerable individuals are experiencing a range of legal issues at unprecedented levels. Common cases include individuals filing for unemployment benefits; navigating housing issues and unlawful evictions; victims of domestic violence who have sheltered-in-place with an abuser; nonprofits and small businesses navigating cancelled contracts; and delays in court proceedings affecting thousands of Americans.

TC: And how did you put together this database?

KS: Paladin partnered its technology with the ABA DLS’s network to provide a centralized portal for state hotlines and disaster-related opportunities from legal services organizations across the country. All Legal Services Corporation grantees are able to post on the platform, and we look forward to seeing more organizations participating every day.

TC: Were there privacy concerns that needed to be addressed first?

KS: Opportunities have confidential information removed prior to posting, and attorneys are typically only provided confidential case information after the’ve been vetted by the referring organization.

TC: How do attorneys make themselves available on this portal?

KS: They sign up for specific pro bono opportunities that align with their interests and experience. Once they submit a form outlining their background to the referring organization, that organization will screen them and pair them with the most appropriate pro bono client.

TC: Are you generating any revenue from this project?

KS: Our mission is to increase access to justice by supporting pro bono legal services, so this project seemed like the perfect way to leverage Paladin’s expertise and increase impact. There is no cost for attorneys to use, nor cost to the legal services organizations posting opportunities. It is a great way to raise awareness of Paladin’s work more broadly.

Lawyers who are willing to provide pro bono legal services can sign up and view cases at here.

30 Apr 2020

FDA authorizes a ventilator developed by NASA’s JPL for emergency use in COVID-19 treatment

The U.F. Food and Drug Administration (FDA) has authorized a new ventilator designed by engineers working at NASA’s Jet Propulsion Laboratory, for emergency use as outlined in the agency’s COVID-19 guidelines. The ventilator, which has an acronym because this is NASA we’re talking about, is called ‘VITAL’ (Ventilator Intervention Technology Accessible Locally) and its design is being offered for free, licensed use for the duration of the coronavirus crisis.

The JPL-developed emergency use ventilator is an intubation ventilator, meaning that a patient has to be sedated, with a breathing tube inserted all the way down their airway to assist their breathing. It’s reserved for COVID-19 patients exhibiting the most serious symptoms, and even then is really designed for use only to free up availability of existing, fully approved ventilator hardware in the case of extreme shortages.

What makes VITAL most interesting is that it is made of “far fewer” parts than existing traditional ventilators, according to NASA, and it also can be assembled much more quickly, and maintained with less expertise and effort over time. The design provides for use for between three or four months, however, rather than years for traditional hardware, and is meant specifically for COVID-19 patient use, hence its simpler design vs. models that are made to serve in a number of different medical situations.

NASA’s JPL is seeking commercial manufacturing partners for the hardware now that it has its authorization, however, in order to get it built in large numbers for distribution to hospitals in need.

This is one of a number of different emergency ventilator hardware design and development projects that have been spun up to address hardware needs in light of increased usage due to COVID-19. With NASA JPL’s pedigree, and its ability to serve in cases of most dire need, NASA’s definitely seems like one of the better engineered options out there.

30 Apr 2020

Apple’s Q2 earnings show flat year-over-year revenue growth due to pandemic

Apple delivered a rough Q2 earnings report Thursday, besting investor expectations but showing a significant growth slowdown as the coronavirus pandemic deeply impacted the company’s business.

Apple’s stock was largely unchanged in after-hours trading.

The company shared that in Q2 it earned $58.30 billion in revenue, better than the $54.54 billion investors were expecting. The figure represents 1% year-over-year revenue growth for the company.

In February, the company issued an update to its Q2 guidance, saying that did not expect to meet its earlier estimates due to fallout driven by the COVID-19 pandemic. The company did not update its previous guidance which said they expected to earn between $63 billion to $67 billion in Q2. Apple notably did not offer guidance for Q3 in this release.

In terms of earnings per share, the company delivered $2.55 compared to the $2.26 investors had expected.

“We are proud of our Apple teams around the world and how resilient our business and financial performance has been during these challenging times,” Apple CFO Luca Maestri said in a statement accompanying the release.

After a very rough March, most big tech stocks have been roaring back into growth in April. Apple is in a more difficult position than other ad-driven businesses given the global complexity of its supply chain.

Updating

30 Apr 2020

AWS hits $10B for the quarter putting it on a $40B run rate

AWS, the cloud arm of Amazon would be a pretty successful business on its own. Today, the company announced it has passed $10 billion for the quarter, putting the cloud business on an impressive run rate of more than $40 billion.

It was a bright spot for the company in an earnings report that saw it report net income of $2.5 billion, down a $1 billion from a year ago.

Still, most companies would take that for the entire business, but AWS, which started off as kind of a side hustle for Amazon back in 2006 has grown into a powerful business all on its own. With a growth rate of 33%, it’s still growing briskly, even if it’s slowing down a bit as the law of large numbers begins to work against it.

Even though Microsoft has grown more quickly — in yesterday’s report Microsoft reported that Azure was growing at 59% clip — AWS had such a big head start and controls a big chunk of the market share.

To give you a sense of how quickly this business has grown, Bloomberg’s Jon Erlichman tweeted the Q1 numbers for AWS since 2014 and it’s pretty amazing growth:

In 2014, it was a $4 billion a year business. Today it is 9.1x that and still going strong. The good news for everyone involved is that this is a huge market, and while nobody could ever characterize the pandemic and it’s economic fall-out as good news for anyone, the fact is that is forcing companies to move to the cloud faster than they might have wanted to go.

That should bode well for all the cloud infrastructures vendors, even as the economy shrinks, the kinds of services these vendors offer should be in more demand than ever, and that means these numbers are could just going to keep growing for some time.

30 Apr 2020

OpenAI’s new experiments in music generation create an uncanny valley Elvis

AI-generated music is a fascinating new field, and deep-pocketed research outfit OpenAI has hit new heights in it, creating recreations of songs in the style of Elvis, 2pac, and others. The results are convincing, but fall squarely in the unnerving “uncanny valley” of audio, sounding rather like good, but drunk, karaoke heard through a haze of drugs.

Jukebox, the organization’s new music-generating system, was detailed in a blog post and paper published today. OpenAI produced some interesting work almost exactly a year ago with MuseNet, a machine learning system that, having ingested a great deal of MIDI-based music, was able to mix and match genres and instruments.

But MIDI is a simpler format than final recorded music with live instruments, since the former consists of discrete notes and key presses rather than complex harmonics and voices.

If you wanted an AI to examine the structure of a classical piano piece, the timing and key presses might only amount to a couple thousand pieces of information. Recorded audio is far denser, with (usually) 44,100 samples per second.

Machine learning systems that learn and imitate things like instruments and voice work by looking at the most recent words or sounds and predicting the next few, but they generally operate on the order of tens or a hundred pieces of data — the last 30 words or notes predict what the next 30 will be, for instance. So how can a computer learn how a tiny fraction of a waveform 10 seconds and 440,000 samples into a song compare with a sample 90 seconds and 4 million samples in?

OpenAI’s solution is to break down the song into more digestible parts — not quite key and chord, but something like that, a machine-palatable summary of 1/128th of a second of the song, picked from a “vocabulary” of 2048 options. To be honest it’s hard to create an analogy because this is so unlike the way humans remember or understand things — as far as we even understand that.

It doesn’t actually use color swatches – that’s just to indicate that it’s breaking the waveform down into pieces.

The end result is that the AI agent has a reliable way to break down a song into digestible bits that are big enough that there aren’t too many to track, but small enough that they can reliably reconstruct the sound of a song. The process is much more complex than it sounds here; Reliably breaking down a song to a series of “words” and then reconstructing it from them is the core of the new research, but the technical details I’ll let the OpenAI team to explain in their paper.

The system also had to learn how to parse the lyrics in a song, which like most things in this domain is more complicated than it sounds. Our ability to remember and use vocal patterns is partly innate and partly learned, and we tend to take for granted how powerful it is. Computers have no such ability and must learn how to pick out a voice from a mix, understand what it’s saying, and match that to lyrics that are nothing more than a series of words with no information on key, tempo, and all the rest. Nevertheless the OpenAI system does it to a satisfactory degree.

Jukebox is able to accomplish a variety of musical tasks, and while the results aren’t what you might call single material, it must be kept in mind that there’s very little like this out there now, able to rebuild a song from scratch that’s recognizable as being like the target artist. Trained on 1.2 million songs, the system in the end has one multifaceted ability it accomplishes these tasks with: essentially, improvising a song given lyrics and the style it’s learned from ingesting others by that artist.

So given its knowledge of how Ella Fitzgerald sings and the way instruments generally accompany her, it can sing a rendition of “At Long last Love” in a way that sounds like her but definitely isn’t what Cole Porter had in mind. (Samples for these examples and more are included near the top of the OpenAI blog post.)

Jukebox can also sing entirely original lyrics in another’s style, like this truly strange Elvis song, “Mitosis,” written by another AI language model:

In case you didn’t catch that:

From dust we came with humble start;
From dirt to lipid to cell to heart.
With [mitosis] with [meiosis] with time,
At last we woke up with a mind.
From dust we came with friendly help;
From dirt to tube to chip to rack.
With S. G. D. with recurrence with compute,
At last we woke up with a soul.

Yes, it’s “Elvis” using cell division as a metaphor for life, as imagined by an AI. What a world we live in.

Lastly there’s the “completion” task, where Jukebox learns (in addition to the base learning from its library) from the first 12 seconds of a song and uses that to generate the rest in a similar style. The switch from original to AI-generated sounds a bit like the ether just kicked in.

While MuseNet could be played with more or less in real time due to its lesser complexity, Jukebox is hugely computation intensive, taking hours to generate a single second of music. “We shared Jukebox with an initial set of 10 musicians from various genres… these musicians did not find it immediately applicable to their creative process,” the authors note drily. Still, it’s fun and fascinating research and, given the current cadence, we can expect an even further improved version of the OpenAI music effort next April.

30 Apr 2020

Amazon Q1 beats on net sales of $75.5B but posts net income of $2.5B, down $1B on a year ago

Amazon has been one of the biggest names synonymous with how the consumer masses are experiencing life under lockdown: it’s site is a way to buy anything from soup to nuts, and to stay entertained; but also a source of major frustration, when you find yourself unable to book slots for deliveries, or are facing an army of sellers trying to price gouge you for hot items like masks or toilet paper. Today, the company reported first quarter earnings that bore out the first of these in spades, but at a cost to profitability.

The company reported net sales of $75.5 billion, up 26% on a year ago, a huge boost on the $59.7 billion it made in net sales in the first quarter a year ago, with $41 billion of that attributable to product sales and $33 billion to services (which includes AWS, but also streaming and other non-physical goods).

But earnings per share took a hit, with basic EPS at $5.09 and diluted EPS at $5.01, and net income declining down to $2.535 billion versus $3.561 billion a year ago.

Operating income was also down to $4 billion versus operating income of $4.4 billion in the same quarter a year ago.

Analysts on average were expecting EPS of $6.25 on revenues of $73.61 billion in sales.

Jeff Bezos, the colourful founder and CEO of the company, acknowledged the challenges even the mighty Amazon is facing, and said that the company will be doubling down on spending its profits to face up to serving people during the COVID-19 pandemic, whatever it might bring.

“From online shopping to AWS to Prime Video and Fire TV, the current crisis is demonstrating the adaptability and durability of Amazon’s business as never before, but it’s also the hardest time we’ve ever faced,” he said in a statement. “We are inspired by all the essential workers we see doing their jobs — nurses and doctors, grocery store cashiers, police officers, and our own extraordinary frontline employees. The service we provide has never been more critical, and the people doing the frontline work — our employees and all the contractors throughout our supply chain — are counting on us to keep them safe as they do that work. We’re not going to let them down. Providing for customers and protecting employees as this crisis continues for more months is going to take skill, humility, invention, and money. If you’re a shareowner in Amazon, you may want to take a seat, because we’re not thinking small.

“Under normal circumstances, in this coming Q2, we’d expect to make some $4 billion or more in operating profit. But these aren’t normal circumstances. Instead, we expect to spend the entirety of that $4 billion, and perhaps a bit more, on COVID-related expenses getting products to customers and keeping employees safe. This includes investments in personal protective equipment, enhanced cleaning of our facilities, less efficient process paths that better allow for effective social distancing, higher wages for hourly teams, and hundreds of millions to develop our own COVID-19 testing capabilities. There is a lot of uncertainty in the world right now, and the best investment we can make is in the safety and well-being of our hundreds of thousands of employees. I’m confident that our long-term oriented shareowners will understand and embrace our approach, and that in fact they would expect no less.”

Amazon Web Services accounted for $10.2 billion in sales, up 33% on the same quarter a year ago. North America accounts for about $44 billion of the company’s net sales, versus $19 billion for the international segment.

At a time when we’ve seen tens of thousands of people laid off across the technology sector, Amazon has been one of the few companies to hire, specifically to staff up with 100,000 extra workers across warehouses and its logistics network to meet surging demand from buyers. That has not always been smooth sailing however, with accusations of poor and potentially health-threatening working conditions.

More to come.

 

30 Apr 2020

Extra Crunch Live: Join Hunter Walk for a Q&A May 7th at 1 pm ET/10 am PT

Fresh off our chat with Mark Cuban, Extra Crunch Live is not slowing down. We’re already gearing up for next week, which will bring us an investor from Sequoia, and, later in the week, Homebrew’s Hunter Walk.

Homebrew is a seed-stage venture capital fund that has invested in startups like Plaid, Cheddar, and Managed by Q, all of which sold for nine- and ten-figure sums. Hunter is one of the firm’s investing partners along with Satya Patel.

TechCrunch’s Danny Crichton and Alex Wilhelm (two-thirds of the Equity crew) will host the chat, posing the first rounds of questions before we bring in the audience to help steer the conversation. (You can sign up for Extra Crunch in advance, so that you don’t have to do so last-minute.)

What’s on the agenda? A few things. Seed deal pace is top of mind, as is changing seed-stage valuations. We’re also super curious about which verticals inside of Seed are doing the best and the worst. We’ll also dial in on what’s changing at the Series A level for various types of seed-stage startups, what metrics are the new gospel, and that sort of thing.

Homebrew last raised a $90 million fund in 2018, its third.

If there’s time, we’ll also nibble into what Homebrew is seeing from pre-seed investors, and if Seed II (Mango Seed?) is still a thing or not. (Oh, and his firm’s per-fund returns. That will be fun.)

It’s going to be a jam, not only because Hunter is one of the more interesting investors in Silicon Valley, but also because in an industry of brashness and bravado, he’s more thoughtful than most. So bring your questions and we’ll see you next Thursday.

Extra Crunch fam hit the jump for calendar notes and the Zoom link (YouTube to follow).

Details

Here’s the information you’ll need:

  • May 7, 1 pm ET, 10 am PT, 5 pm GMT