Friday, 13 November 2020
Bonus: An extra week to save on tickets to TC Sessions: Space 2020
When you’re laser-focused on reaching beyond the stars, it’s hard to remember more earthly, mundane tasks. That’s why we’re giving you an extra week to score early-bird savings to TC Sessions: Space 2020 (December 16-17). So, to all you harried, procrastinating visionaries: take a breath, relax a bit and buy your pass before November 20 at 11:59 p.m. (PT).
Join the two-day online conference to hear from and connect with the leading forces within the space industry. Learn how to secure grants for your space company, how and where the Air Force plans to spend $60 billion on R&D, what savvy space investors think and where they might place their bets. And that’s just the tip of the rocket.
Presentations range from asteroid mining, extra-planetary robotic research and the future of space exploration to human spaceflight, manufacturing in space and supply-chain issues. Here are just two stellar examples, and you’ll find many more in the event agenda. Start planning your time now.
Bridging Two Eras of Human Spaceflight: When Kathryn Lueders started working at NASA in 1992, it was the peak of the Space Shuttle era. As she begins her leadership of the Human Spaceflight Office this year, a new and exciting era is just beginning. Lueders will discuss the possibilities and challenges of the new systems and technologies that will put the first woman and the next man on the surface of the moon…and perhaps Mars.
Crafting the Kuiper Constellation: Amazon is set to create its own global constellation of LEO satellites — a very different type of gadget from what Amazon SVP of Device & Services Dave Limp is used to overseeing. He’ll tell us how Project Kuiper fits in with Amazon’s grand plans.
Looking for more ways to save? Bring the whole team with a group discount. Tickets cost $100 each — bring four team members and get the fifth one free. Discount passes for students cost $50, while current government, military and nonprofit employees pay $95. Plus, Extra Crunch subscribers get a 20% discount.
Step into a virtual spotlight and showcase your startup in our expo: An Early-Stage Startup Exhibitor Package ($360 gets you three tickets, digital exhibition space and the ability to generate leads). Bonus: Exhibiting startups each get five minutes to pitch live to attendees around the world.
As you reach for the stars, connect with the experts and opportunities at TC Sessions: Space 2020 to help make your galactic dreams a reality. You have an extra week. Now, breathe, relax and buy your early-bird pass before November 20 at 11:59 p.m. (PT).
Is your company interested in sponsoring TC Sessions: Space 2020? Click here to talk with us about available opportunities.
from TechCrunch https://ift.tt/2UnThmf
NextView Ventures closes its fourth fund with $89 million
NextView Ventures, a Boston-based venture capital fund, has raised an $89.6 million fund, according to SEC filings. The firm’s fourth fund, its largest to date, is oversubscribed, with early documents indicating a $70 million goal. The NextView Ventures team did not immediately respond to request for comment.
NextView Ventures was launched in 2010 by Rob Go, a former partner at Spark Capital; Dave Beisel, who clocked time at Venrock and Masthead Venture Partners; and Lee Hower, a former investor at Point Judith Capital. Melody Koh joined as a partner three years ago, and most recently, the fund brought on former journalist Leah Fessler as an investor.
The fund, which has offices in New York as well as Boston, invests in consumer and software-as-a-service enterprise startups at the pre-seed and seed stage. Its portfolio includes Ellevest, an investing platform for women; Grove Collaborative, a sustainable goods subscription platform; and ThredUp, which has confidentially filed for IPO. In April, NextView launched a virtual accelerator for startups to build a more robust pipeline for deal flow. The firm invested $200,000 for an 8% equity stake in a number of pre-seed and seed startups focused on “the everyday economy.”
More Boston coverage
Despite the pandemic, Boston’s startup scene has continued to attract record numbers in venture capital volume. In fact, according to PitchBook data, Boston-area startups raised more private capital during summer 2020 than they did in summer 2019, suggesting that the pandemic has been a boon to startups in aggregate.
More recently, my colleague Alex Wilhelm and I wrote about how the Boston area is growing its demographic footprint in venture capital. In Q3 2019, New England drove 9.3% of U.S. venture deals, and 10.3% of U.S. venture dollars. In Q3 2020, those numbers were 9.3% of U.S. venture deals, and 12.7% of U.S. venture dollars. The percentage change is notable, especially amid volatile times.
NextView’s new fund is yet another signal of the city’s ability to attract institutional investment. Its previous fund was raised in 2017 at a $50 million close.
from TechCrunch https://ift.tt/35vH0lO
Thursday, 12 November 2020
More voting software FUD falls flat after Trump highlights dubious data
Reports that Dominion Software, which provides voting tabulation tools to about half the states in the U.S., “deleted” millions of votes have been soundly rebuffed after outgoing President Trump parroted numbers from a random internet forum.
Tweeting Thursday morning about baseless claims of election fraud, Trump cited OANN, a right-wing news outlet, which itself seemed to have found its numbers in a thread on pro-Trump Reddit knock-off thedonald.win. (The tweet was quickly wrapped in a warning that the contents are disputed.)
The anonymous person posting there claimed to have compared numbers from Edison Research, a company that does exit polls and other election-related measures, to those from Dominion, and come up with very different sums. The methods are not very well explained, nor are the results. It’s not really clear what is being compared to what and why, or for what reason this alleged fraud was published publicly by the company supposedly perpetrating it. No one has verified (if that’s the word) this analysis in any way.
In a comment to Politifact, Edison President Larry Rosin wrote that “we have no evidence of any voter fraud,” and that it pretty much has no idea what the purported analysis is referring to.
Dominion attracted attention earlier in the week when it seemed that a glitch had caused a number of votes to be registered for President-elect Joe Biden instead of Trump. But the miscount was immediately caught and found to be the result of human error. The company has dedicated a page to combating the misinformation around its software.
Politifact rated Trump’s claim “Pants on Fire,” calling it “ridiculous” for good measure. It’s worth noting that the tweet didn’t even state the numbers of the supposed fraud correctly.
There doesn’t seem to be any merit to the “analysis” at all, but it provides an excellent example of how people who are unfamiliar with how the voting apparatus works — which is to say almost everyone not directly involved — tend to find the software portion inherently untrustworthy.
Yet there is no way to count, tabulate and verify millions of ballots in hours or days after an election that does not rely heavily on private software tools, and it is in fact highly reliable and secure. The process of elections is bipartisan and extremely closely monitored.
Elections commissioners and state leadership have been unanimous in declaring the election a surprisingly smooth one considering the difficulties of holding one during a pandemic and with extremely high turnout both in person and by mail.
A major federal committee under the Cybersecurity and Infrastructure Security agency today called last week’s election “the most secure in American history… There is no evidence that any voting system deleted or lost votes, changed votes, or was in any way compromised. We can assure you we have the utmost confidence in the security and integrity of our elections, and you should too.”
Despite accusations from a dwindling number of highly placed individuals in the government, there has been no evidence presented that there was any significant voter fraud or other irregularities in last week’s election, which resulted in the victory of former vice president, now President-elect Joe Biden.
from TechCrunch https://ift.tt/3eUny5n
Wednesday, 11 November 2020
Study: London and SF have become Impact Tech hubs, with 280% increase in VC in 5 years
New research has found that San Francisco and London have become two of the world’s leading hubs for VC investment into tech solutions which address one or more of the 17 UN’s Sustainable Development Goals (SDG), more commonly referred to as ‘Impact Tech’. They are followed by Paris, Berlin, Stockholm, Shanghai and Beijing.
Tech solutions for such pressing issues as the climate crisis and social inequality has seen a 280% increase in global VC investment from 2015 to 2020, while investment in this space more than doubled in both cities over the past five years. The report was put together by London & Partners and Dealroom as part of this week’s Silicon Valley Comes to the UK virtual event. Over 5,000 startups were surveyed to create the data.
According to the research, VC investment into London-based impact tech start-ups has grown by almost 800% (7.8 times) since 2015, compared to 3.1 times in Europe as a whole. 2020 is set to be a record year for London’s impact tech companies, which have received $1.2bn in VC investment from January to October, already matching 2019 levels. London’s impact firms have also secured 429 deals between 2015 and 2020, more than any other city globally.
San Francisco’s impact based tech companies have also shown strong growth over the past five years, with the data revealing that VC investment into its impact tech companies has almost tripled (2.8 times) from 2015 to 2020. So far this year, SF-based impact tech companies attracted $1.7bn of VC investment in 2020 – more than any other city globally. At a national level, the United States received more VC funding for impact tech companies than any other country in the past five years, with investors pumping $35.8bn into US firms since 2015, double the amount invested into China ($16.8bn) and the United Kingdom ($6.1bn).
The research also found that UK capital has produced 241 impact start-ups since 2006, with 95 companies founded in San Francisco. In London, ‘impact unicorns’ include Octopus Energy (green energy), Arrival (zero-emission, public transportation vehicles) and Gousto (food) and Babylon Health (AI healthtech).
Climate change and clean energy solutions have attracted the most interest from investors in both cities, making up over 50% of overall VC investment over the last five years. Funding rounds including at least one North American investor made up $234m of VC investment so far this year in London, up from $85m in 2018, and equating to a fifth of all VC investment into London’s impact startups.
Funding rounds for London impact companies involving North American investors in 2020 include a $118m growth equity round into Arrival by Blackrock, an $80m Series B round for COMPASS Pathways and a $25m Series C funding for Tractable.
Meanwhile, Impact startups are crossing the pond in both directions. Arrival is now operating in Los Angeles, while Octopus Energy launched in the US market in September after closing a $360m funding round in April and acquiring Silicon Valley-based startup Evolve Energy. And San Francisco-based Allbirds, the sustainable shoe retailer, opened its first European flagship store in London in July 2018.
Commenting, Janet Coyle, managing director for business, London & Partners said: “San Francisco and London are two of the world’s top hubs for innovation and technology. But today’s figures also show that they are leading the way in creating purpose-driven companies striving to tackle some of the most pressing environmental and social challenges.”
from TechCrunch https://ift.tt/3kvRJ4l
Monday, 9 November 2020
Elon Musk’s Boring Company is setting up operations in Austin
Elon Musk’s tunneling and transportation startup The Boring Company is eyeing Austin for its next project based on several new job postings.
The Boring Company, which last year landed a deal to construct and operate a “people mover” for the Las Vegas Convention Center, tweeted Monday that is was hiring in Austin. Engineering, accountant and business development positions are listed on its website, the type of jobs that suggest that The Boring Company sees enough opportunity in Austin to set up more permanent operations there.
Rumor has it that "Austin Chalk" is geologically one of best soils for tunneling. Want to find out? Austin jobs now available.https://t.co/imlQMDfprJ
— The Boring Company (@boringcompany) November 9, 2020
Austin is becoming a hotbed of Musk-related activity. Tesla, which Musk leads, picked in July a site near Austin for its next U.S. factory, a four to five-million-square foot $1.1 billion plant that will assemble the automaker’s futuristic Cybertruck, the Tesla Semi and the Model Y and Model 3 for sales to customers on the East Coast.
Musk described the future factory as an “ecological paradise,” with a boardwalk and bike lanes and where the public will be welcome. It’s unclear if the first customer of The Boring Company will be Tesla.
The Boring Company has five product lines, all of which are centered around tunneling. The startup, which raised $120 million in new funding in summer 2019, offers the base tunnel to customers as well as those designed for use by utilities, pedestrians, freight and it’s so-called Loop service.
The company describes the Loop as an underground public transportation system in which passengers are transported via in autonomous vehicles at up to 150 miles per hour through tunnels between stations. The company says the autonomous vehicles are Tesla Model S, 3, and X. (It should be noted that while Tesla vehicles do have robust advanced driver assistance systems, they are not considered by government bodies such as the U.S. DOT as fully autonomous.)
The Loop is what Las Vegas Las Vegas Convention Center officials sprang for. Under its contract, the LVCC Loop is supposed to transport attendees through two 0.8-mile underground tunnels in Tesla vehicles, four or five at a time. Planning files reviewed by TechCrunch seem to show that the Loop system will not be able to move anywhere near the number of people LVCC wants, and that TBC agreed to.
from TechCrunch https://ift.tt/2UdvrJE
Sony prepares to enter the drone game with Airpeak
Sony has announced that it is entering the drone market with a new brand called Airpeak, though the specifics of the drone itself are left something of a mystery. It plans to launch the project next spring.
The barebones announcement says only that Sony has been inspired by the “recent proliferation” of drones and the changes they have caused in both the industrial and creative sectors.
Airpeak will focus on multiple industries as well, though it has its work cut out for it if it intends to go up against DJI, which has become the first choice in the consumer UAV sector.
Sony describes the drone as being developed within “the field of AI robotics,” which, along with the aim to enable drone use where it was previously difficult to do so, suggests Sony plans to integrate a fair amount of intelligence into the drones’ systems.
Small UAVs have gotten smarter and smarter, able now to avoid obstacles, recognize other flying objects, and navigate between buildings without any intervention from their human operators. But many of these capabilities are still essentially theoretical rather than widely deployed.
Beyond the name, general flavor of the project, and a render of what is almost certainly a rotor, that is the sum total of what we know about Sony’s new project. Expect more to be posted to the official website in time.
from TechCrunch https://ift.tt/3eFLEAW
Sunday, 8 November 2020
Tim Berners Lee’s startup Inrupt releases Solid privacy platform for enterprises
Inrupt, the startup from World Wide Web founder Tim Berners-Lee, announced an enterprise version of the Solid privacy platform today, which allows large organizations and governments to build applications that put users in control of their data.
Berners-Lee has always believed that the web should be free and open, but large organizations have grown up over the last 20 years that make their money using our data. He wanted to put people back in charge of their data, and the Solid open source project, developed at MIT, was the first step in that process.
Three years ago he launched Inrupt, a startup built on top of the open source project, and hired John Bruce to run the company. The two shared the same vision of shifting data ownership without changing the way websites get developed. With Solid, developers use the same standards and methods of building sites, and these applications will work in any browser. What Solid aims to do is alter the balance of data power and redirect it to the user.
“Fast forward to today, and we’re releasing the first significant technology as the fruits of our labor, which is an enterprise version of Solid to be deployed at scale by large organizations,” Bruce explained.
The core idea behind this approach is that users control their data in online storage entities called Personal Online Data Stores or Pods for short. The enterprise version consists of Solid Server to manage the Pods, and developers can build applications using an SDK to take advantage of the Pods and access the data they need to do a particular job like pay taxes or interact with a healthcare provider. Bruce points out that the enterprise version is fully compatible with the open source Solid project specifications.
The company has been working with some major organizations prior to today’s release including the BBC and National Health Service in the UK and the Government of Flanders in Belgium as they have been working to bring this to market.
To give you a sense of how this works, the National Health Service has been building an application for patients interacting with them, who using Solid can control their health data. “Patients will be able to permit doctors, family or at-home caregivers to read certain data from their Solid Pods, and add caretaking notes or observations that doctors can then read in order to improve patient care,” the company explained.
The difference between this and more conventional web or phone apps is that it is up to the user who can access this information and the application owner has to ask the user for permission and the user has to explicitly grant it and under what conditions.
The startup launched in 2017 and has raised about $20 million so far. Bruce and Berners-Lee understand that for this to take root, it has to be easy to use, be standards-based and and have the capacity to handle massive scale. Anyone can download and use the open source version of Solid, but by having an enterprise version, it gives large organizations like the ones they have been working with the support, security and scale that these companies require.
from TechCrunch https://ift.tt/3eGhfCo
Thursday, 5 November 2020
Steve Bannon’s show pulled off Twitter and YouTube over calls for violence
Former Presidential advisor and right-wing pundit Steve Bannon had his show suspended from Twitter and an episode removed by YouTube after calling for violence against FBI director Christopher Wray and the government’s leading pandemic expert, Dr. Anthony Fauci.
Bannon, speaking with co-host Jack Maxey, was discussing what Trump should do in a hypothetical second term. He suggested firing Wray and Fauci, but then went further, saying “I’d actually like to go back to the old times of Tudor England, I’d put the heads on pikes, right, I’d put them at the two corners of the White House as a warning to federal bureaucrats.”
This may strike one at first as mere hyperbole – one may say “we want his head on a platter” and not really be suggesting they actually behead anyone. But the conversation continued and seemed to be more in earnest than it first appeared:
Maxey: Just yesterday there was the anniversary of the hanging of two Tories in Philadelphia. These were Quaker businessmen who had cohabitated, if you wil,l with the British while they were occupying Philadelphia. These people were hung. This is what we used to do to traitors.
Bannon: That’s how you won the revolution. No one wants to talk about it. The revolution wasn’t some sort of garden party, right? It was a civil war. It was a civil war.
Whether one considers this only nostalgia for the good old days of mob justice or an actual call to bring those days back, the exchange seems to have been enough for moderators at YouTube and Twitter to come down hard on the pair’s makeshift broadcast.
Twitter confirmed that it has “permanently suspended” (i.e. it can be appealed but won’t be restored automatically) the account for violating the rule against glorifying violence.
YouTube removed the episode from “Steve Bannon’s War Room” channel Wednesday afternoon after it was brought to their attention. A representative for the platform said “We’ve removed this video for violating our policy against inciting violence. We will continue to be vigilant as we enforce our policies in the post-election period.”
Online platforms have struggled with finding the line between under- and over-moderation. Facebook, Twitter, YouTube, Tiktok, Instagram and others have all taken different measures, from preemptively turning off features to silently banning hashtags. Facebook today took down a group with more than 300,000 members that was acting as an amplifier for misinformation about the election.
While the platforms have been vigorous in at least some ways in the labeling and isolation of misinformation, it’s more difficult for video platforms. Just minutes ago Trump took to YouTube to detail a variety of unfounded conspiracy theories about mail-in voting, but the platform can’t exactly do a live fact-check of the President and shut down his channel. More than with text-based networks, video tends to spread before it is caught and flagged due to the time it takes to review it.
Facebook takes down ‘Stop the Steal 2020’ group organizing around false claims of election chicanery
from TechCrunch https://ift.tt/3l1y0KQ
Elon Musk’s Tesla tequila will run you $250 a bottle
Teslaquila, the Tesla-branded liquor that co-starred in CEO Elon Musk’s controversial April Fool’s Day joke about the automaker filing for bankruptcy, has arrived.
The automaker now lists Tesla Tequila (a bit different from the original Teslaquila branding) on its website. The tequila — described as a “small-batch premium 100% de agave tequila añejo made from sustainably sourced highland and lowland agaves,” is housed in a handblown glass bottle shaped in the electric charge symbol. Oh, and it costs $250.
Celeb-produced tequilas are nothing new — and are often lucrative. Casamigos, the tequila brand co-founded by George Clooney, was acquired by Diageo in a deal that valued the company up to $1 billion. Tesla Tequila might be first liquor sold by an automaker. The liquor is produced by Nosotros Tequila, according to the company.
The tequila first popped up in April 2018 when Musk tweeted a photo of himself passed out against a Tesla Model 3 “surrounded by “Teslaquilla” bottles, the tracks of dried tears still visible on his cheeks.” In the photo, Musk is holding a cardboard sign that reads “bankwupt.”
Later that year, Tesla filed an application with the U.S. Patent and Trademark Office to trademark “Teslaquila.”
from TechCrunch https://ift.tt/38eXbpy
Wednesday, 4 November 2020
Dear Sophie: How will this election nail-biter affect immigration?
Here’s another edition of “Dear Sophie,” the advice column that answers immigration-related questions about working at technology companies.
“Your questions are vital to the spread of knowledge that allows people all over the world to rise above borders and pursue their dreams,” says Sophie Alcorn, a Silicon Valley immigration attorney. “Whether you’re in people ops, a founder or seeking a job in Silicon Valley, I would love to answer your questions in my next column.”
Extra Crunch members receive access to weekly “Dear Sophie” columns; use promo code ALCORN to purchase a one or two-year subscription for 50% off.
Dear Sophie:
The last 24 hours have been a nail-biter; I feel powerless and I’m angry that we’ve come to this. I’m worried things won’t improve and I’m confused about where we even stand.
Sometimes I just feel so very, very tired of the struggle. I am just so ready to let go. I want to live in a world where we can create harmony, peace and opportunity for all. Can I still find that in the United States?
— Wanting in Walnut Creek
Dear Wanting,
I hear you.
The good news is that there is great potential, even as the world watches the U.S. presidential election results. If anything, what the last four years have taught me is that two clichés are really true: necessity is the mother of invention, and, where there is a will, there is a way. I can relate to many folks around the world because I know what it’s like to have the world of Silicon Valley feel so close, yet so far away, at a time when I felt powerless to make a difference.
Looking back over the past four years, amazing things have been possible for our clients and my team at Alcorn Immigration Law. I founded the firm out of my kitchen just years ago when my kids were toddlers. I would look out my kitchen window hand-washing tiny baby dishes. I can still remember the feeling of the suds on my fingers as I gazed longingly at the tall building on Castro Street in downtown Mountain View where 500 Startups used to sit on the top floor. YC was just down the street.
I felt so powerless. I desperately wanted to make the world a better place, and reaching the world of Silicon Valley, even though it was just past my backyard, seemed like getting to Mars.
From those humble beginnings to now, as I founded and bootstrapped Alcorn Immigration Law on my own journey of becoming a single mom, I know what’s possible, even during the last four years of the Trump administration. We’ve had amazing success — claiming thousands of victories in supporting companies, people and families to live and work legally in the United States. If I was able to grow my firm during the last four years, I know that it’s possible for anybody to follow their heart and succeed. It’s our human essence to long to be a creator in this world, and anybody can and deserves to make a difference.
And here is what else I know: immigration law is created by acts of Congress and signed into law by the president. Mere tweets may be intended to try to bend the rules, but they cannot break them. That is what democracy is about.
In democracy, we have agreed to abide by basic laws, such as the inviolable dignity of the human being and that we want to agree on procedures for how we make decisions, like the process of passing a law about immigration. Democracy is not about majority tyranny. Democracy is about the fact that we uphold a few principles and we agreed on a decision-making process. When Trump ignores our basic laws and he ignores our legal processes, democracy is in peril.
But democracy does not need to be disrupted, it only requires small adjustments to thrive. In any group it is possible to make jointly supported decisions, taking the needs and resources of all into consideration. “Although the world is complex and decision making is complex, the components of decision making are simple,” according to Richard Graf, founder of K-i-E. Simple tools like the DecisionMaker can allow a miracle to happen — in an environment of openness and anonymity, we can all safely share our needs and concerns so that proposals can be formed based on collective best practices, knowledge, experience, intelligence and intuition. Even if it’s a complex situation, the way forward can immediately become clear.
And in our democracy, the paths to live and work in the U.S. will always remain viable, even if we need to remove a branch or navigate around a new boulder. Here at Alcorn, despite the furor and fear-mongering present in the world surrounding immigration, we are continually securing real victories for our clients. Not a client yet? Global founders can still create a startup, pitch it to investors and secure pathways to live and work legally in the United States with visas, green cards and citizenship.
So I know this and will repeat: Whatever the election results, there will still be many ways for people to legally navigate the U.S. immigration process and access the opportunity and security of life here. For more insight on these ways, please join my Election Results Webinar next week.
In the meantime, here are my thoughts on how the election results will affect the future of U.S. immigration:
Looking ahead, if Biden takes the victory, he has pledged to undo all Trump-era immigration regulations in the first 100 days and support comprehensive immigration reform. He promised to promote immigrant entrepreneurship, which could finally mean a startup visa! He also wants to speed up naturalization, rescind the Muslim travel bans, pass legislation to expand the number of H-1Bs, increase the amount of employment-based green cards, exempt international STEM PhD graduates from needing to await a priority date, create a new type of green card to promote regional economic development and support immigrant entrepreneur incubators.
Alternatively, we can expect that a Trump administration would continue restricting immigration, leading to litigation and judges deciding the fate of many recent policies. We can foresee a continued COVID freeze on green card interviews at consulates.
Also, DHS recently announced its intent to remove the randomness from the H-1B lottery and prioritize the annual H-1B selection process from highest to lowest wage starting in spring 2021. I’m sure there will be litigation about this; in the meantime, Alcorn Immigration Law continues to recommend that all employers proceed with registering employees and candidates in the lottery as usual. These details will take time to shake out and we don’t want anybody to lose a chance at being selected.
In other updates, immigration is just continuing along and there is actually some great news for folks: The State Department recently released the November Visa Bulletin and it stayed the same from October. (If you think your priority date is current or may be current soon, please contact your attorney as soon as possible to discuss filing your I-485 this month to avoid the possibility of retrogression in December!)
And if you need the freedom to build your startup, but were told that you don’t yet qualify for an O-1A visa, EB-1A or EB-2 NIW green card, you can join me in Extraordinary Ability Bootcamp with promo code DEARSOPHIE to receive 20% off.
We’re optimistic about the future. Life always offers us opportunities to grow through contrast and uncertainty, and we remain passionate about our mission to create greater freedom, empowerment, knowledge and love in the world.
Sophie
Have a question? Ask it here. We reserve the right to edit your submission for clarity and/or space. The information provided in “Dear Sophie” is general information and not legal advice. For more information on the limitations of “Dear Sophie,” please view our full disclaimer here. You can contact Sophie directly at Alcorn Immigration Law.
Sophie’s podcast, Immigration Law for Tech Startups, is available on all major podcast platforms. If you’d like to be a guest, she’s accepting applications!
from TechCrunch https://ift.tt/2TRk0XY
YouTube removes ads from, but won’t pull, ‘Trump Won’ video following backlash
This year’s presidential election has already proven to be a considerable test of the U.S. democratic system. It’s also been doing a fine job testing the systems behind leading social networks four years after a rather disinformation-ridden election. Twitter today has proven to be reasonably swift — if not entirely proactive — in its push to label problematic information.
Video, which is largely considered more difficult to police, has been another story on many of these sites. At issue are videos like One American News Network’s (OAN) “Trump Won.” Posted this morning, the report echoes the president’s earlier sentiment that he has both won the election and that states and/or the Democratic Party are attempting to “steal the election.” As of this writing, the election has, emphatically, not been decided.
YouTube parent Google had earlier outlined potential violations in the lead up to the election, noting that it would:
Remov[e] content that contains hacked information, the disclosure of which may interfere with democratic processes, such as elections and censuses. For example, videos that contain hacked information about a political candidate shared with the intent to interfere in an election. Removing content encouraging others to interfere with democratic processes, such as obstructing or interrupting voting procedures. For example, telling viewers to create long voting lines with the purpose of making it harder for others to vote.
After outreach, the company told the press that the video is not in violation of its Community guidelines, but added that it has pulled ads from the content.
“Our Community Guidelines prohibit content misleading viewers about voting, for example content aiming to mislead voters about the time, place, means or eligibility requirements for voting, or false claims that could materially discourage voting,” a spokesperson told TechCrunch. “The content of this video doesn’t rise to that level. All search results and videos about this election — including this video — surface an information panel noting that election results may not be final and we are continuing to raise up authoritative content in search results and recommendations. Additionally, we remove ads from videos that contain content that is demonstrably false about election results, like this video. We will continue to be vigilant in the post-election period.”
The video now also sports a “U.S. Elections” module below that notes, “Results may not be final. See the latest on Google,” directing users to a search page. In a separate post, it notes that it, “aim[s] to surface videos from experts, like public health institutions, in search results,” meaning that a video such as the one referenced above would theoretically be deprioritized in search under more authoritative outlets, including, CNN, Fox News, Jovem Pan, India Today and The Guardian.
The coming weeks and months will no doubt provide ample opportunity to assess these responses from these platforms and whether their responses ultimately did enough to address misinformation and disinformation during a particularly uncertain time in U.S. electoral history.
from TechCrunch https://ift.tt/38dxFRK
Tuesday, 3 November 2020
Intel has acquired Cnvrg.io, a platform to manage, build and automate machine learning
Intel continues to snap up startups to build out its machine learning and AI operations. In the latest move, TechCrunch has learned that the chip giant has acquired Cnvrg.io, an Israeli company that has built and operates a platform for data scientists to build and run machine learning models, which can be used to train and track multiple models and run comparisons on them, build recommendations and more.
Intel confirmed the acquisition to us with a short note. “We can confirm that we have acquired Cnvrg,” a spokesperson said. “Cnvrg will be an independent Intel company and will continue to serve its existing and future customers.” Those customers include Lightricks, ST Unitas and Playtika.
Intel is not disclosing any financial terms of the deal, nor who from the startup will join Intel. Cnvrg, co-founded by Yochay Ettun (CEO) and Leah Forkosh Kolben, had raised $8 million from investors that include Hanaco Venture Capital and Jerusalem Venture Partners, and PitchBook estimates that it was valued at around $17 million in its last round.
It was only a week ago that Intel made another acquisition to boost its AI business, also in the area of machine learning modeling: it picked up SigOpt, which had developed an optimization platform to run machine learning modeling and simulations.
While SigOpt is based out of the Bay Area, Cnvrg is in Israel, and joins an extensive footprint that Intel has built in the country, specifically in the area of artificial intelligence research and development, banked around its Mobileye autonomous vehicle business (which it acquired for more than $15 billion in 2017) and its acquisition of AI chipmaker Habana (which it acquired for $2 billion at the end of 2019).
Cnvrg.io’s platform works across on-premise, cloud and hybrid environments and it comes in paid and free tiers (we covered the launch of the free service, branded Core, last year). It competes with the likes of Databricks, Sagemaker and Dataiku, as well as smaller operations like H2O.ai that are built on open-source frameworks. Cnvrg’s premise is that it provides a user-friendly platform for data scientists so they can concentrate on devising algorithms and measuring how they work, not building or maintaining the platform they run on.
While Intel is not saying much about the deal, it seems that some of the same logic behind last week’s SigOpt acquisition applies here as well: Intel has been refocusing its business around next-generation chips to better compete against the likes of Nvidia and smaller players like GraphCore. So it makes sense to also provide/invest in AI tools for customers, specifically services to help with the compute loads that they will be running on those chips.
It’s notable that in our article about the Core free tier last year, Frederic noted that those using the platform in the cloud can do so with Nvidia-optimized containers that run on a Kubernetes cluster. It’s not clear if that will continue to be the case, or if containers will be optimized instead for Intel architecture, or both. Cnvrg’s other partners include Red Hat and NetApp.
Intel’s focus on the next generation of computing aims to offset declines in its legacy operations. In the last quarter, Intel reported a 3% decline in its revenues, led by a drop in its data center business. It said that it’s projecting the AI silicon market to be bigger than $25 billion by 2024, with AI silicon in the data center to be greater than $10 billion in that period.
In 2019, Intel reported some $3.8 billion in AI-driven revenue, but it hopes that tools like SigOpt’s will help drive more activity in that business, dovetailing with the push for more AI applications in a wider range of businesses.
from TechCrunch https://ift.tt/3emB3uq
Report: US visas granted to students from mainland China have plummeted 99% since April
It’s no secret that the Trump administration has pursued a variety of avenues to keep foreigners out of the U.S., including through a recent overhaul of the H-1B visa program for high-skilled foreign workers that will require employers to pay H-1B workers higher wages and narrow the types of degrees that would qualify an applicant — a move which has ready triggered numerous lawsuits.
Still, it may surprise some to learn that U.S. visas issued to students around the world have fallen as dramatically as they have this year. According to a new report in Nikkei Asia, citing U.S. State Department data, just 808 F-1 student visas were granted to applicants in mainland China between April and September’s end, which is 99% fewer than the 90,410 F-1 student visas granted during the same period last year. The story is much the same for students of other countries: with 88% fewer F-1 visas granted to students in India, 87% fewer for students in Japan, 75% fewer for students in South Korea and 60% fewer for students from Mexico.
What’s going on? A confluence of factors, seemingly.
Coronavirus is most certainly among them, as families grow more hesitant to send their children to the U.S., which reported 93,581 new cases on Sunday alone, compared with 24 in China, 38,000 in India, 468 in Japan, 97 in South Korea and 3,762 in Mexico.
So is racism, with many Asians and Asian-Americans noting that Donald Trump’s rhetoric around the coronavirus has sharpened the racism they’ve faced throughout their lives, with terms like “kung flu” and “China virus” common in responses, per a recent survey by Washington State University researchers who say that increasing reports of racial discrimination since the start of the COVID-19 pandemic coincide with an increase in reported negative health symptoms. (The Nikkei notes that students already studying in the U.S. have been targets, too, citing a 23-year-old Chinese woman who was yelled at to leave the U.S.)
Yet an aggressive focus on Chinese espionage in Washington has played a bigger role, suggests the outlet, which speculates that the difficulty in obtaining American visas is likely to drive some Chinese students to other countries, including Canada.
Secretary of State Mike Pompeo, for example, said in remarks at the Richard Nixon Presidential Library in July that, “We opened our arms to Chinese citizens, only to see the Chinese Communist Party exploit our free and open society. China sent propagandists into our press conferences, our research centers, our high schools, our colleges and even into our PTA meetings.”
A backlash against Chinese students in particular is not a new one for the Trump administration, even while it’s been accelerated greatly in recent months. In 2018, the State Department began restricting to one year visas for Chinese graduate students studying in certain research fields, after which they need to reapply. The move rolled back a policy established during the Obama administration that allowed Chinese citizens to secure five-year student visas.
from TechCrunch https://ift.tt/3p2kol1
Insight Partners, Precursor Ventures join Hustle Fund in raising new fund money
Even as the country is in the final days of a polarizing election, the cogs of VC never stop turning. On this ever-so-quiet, non-election-news Tuesday, venture firms still managed to file paperwork with the SEC indicating newly raised funds. Precursor Ventures and Insight Partners will join Hustle Fund in closing new capital.
The filings are noteworthy because they signal new capital coming into the startup world, which could look dramatically different in the coming weeks. Still, Precursor Ventures and Hustle Fund are both still fundraising, so expect them to (hopefully) add more capital in the coming months.
Precursor Ventures, led by Charles Hudson, has raised a new tranche of capital to invest in pre-seed companies. The firm first filed in March 2020 that it had plans to raise a $40 million fund, and today it appears that it has closed $29 million of that goal. Recent investments from Precursor include The Juggernaut, mmhmm and TeamPay. The fund made headlines recently because it promoted Sydney Thomas, its first hire, to principal. Hudson was unable to comment due to fundraising activity.
We also saw a filing from Insight Partners, which closed a $9.5 billion fund in April for startups and growth-stage investments, indicating that it has raised money for its first-ever Opportunity Fund. The SEC filing shows that Insight Partners has raised $413 million for the opportunity fund. Insight did not return a request for comment.
Earlier today, SEC filings also showed that Hustle Fund has raised $30 million for a second fund, surpassing its previous fund of $11.5 million. Interestingly, paperwork for this new fund was first filed in May 2019 with the intention to raise $50 million. Today’s news, thus, is its first close. While the firm is still fundraising, it’s a long gap between filing and first close. The fund was launched in 2018 by ex-500 Startup partners Eric Bahn and Elizabeth Yin to, similar to Precursor, invest in pre-seed startups. Hustle Fund invests $25,000 checks into 50 startups per year.
Yin declined to comment due to ongoing fundraising activity.
While the spree of funds on Election Day was noteworthy, it was somewhat expected. Generally speaking, funds want to get their paperwork cleared and closed before a potentially chaotic event or time of unrest. We saw closes from OpenView, Canaan, True Ventures and more, while firms including First Round and Khosla filed paperwork for new funds. Time will tell if this is a final exhale of news until January 1, or if the VC world will continue pushing droves of capital, holidays be damned.
from TechCrunch https://ift.tt/34RIdnp
‘Stay home’ robocalls on Election Day prompt warnings, investigation
A scourge of robocalls urging Americans to “stay safe and stay home” has gotten the attention of the FBI and the New York attorney general over concerns of voter suppression.
The brief message, which doesn’t specifically mention Election Day, has prompted New York Attorney General Letitia James to launch an investigation into the matter. James announced Tuesday that her office is actively investigating allegations that voters are receiving the robocalls.
“Voting is a cornerstone of our democracy,” James said in a statement Tuesday. “Attempts to hinder voters from exercising their right to cast their ballots are disheartening, disturbing and wrong.”
James added that such calls are illegal and will not be tolerated.
The FBI told TechCrunch that the agency is aware of reports of robocalls. The agency wouldn’t say if it is investigating the robocalls; however, a senior official at the Department of Homeland Security told reporters Tuesday that the FBI was investigating calls that seek to discourage people from voting, according to the AP.
“As a reminder, the FBI encourages the American public to verify any election and voting information they may receive through their local election officials,” the FBI said in a statement sent to TechCrunch.
The announcement from James follows subpoenas issued earlier this week by the New York AG office to investigate the source of these robocalls allegedly spreading disinformation. New York voters who receive concerning disinformation, or face issues at the polls, can contact her office’s Election Protection Hotline at 1-800-771-7755.
“Every voter must be able to exercise their fundamental right to vote without being harassed, coerced, or intimidated. Our nation has a legacy of free and fair elections, and this election will be no different,” James added. “Voters should rest assured that voting is safe and secure, and they should exercise their fundamental right to vote in confidence. We, along with state leaders across the nation, are working hard to protecting your right to vote, and anyone who tries to hinder that right will be held accountable to the fullest extent of the law.”
Last month, the U.S. Department of Justice announced that an interagency working group convened by Attorney General William P. Barr released a report to Congress on efforts to stop illegal robocalls. The report described efforts by the DOJ, including two civil actions filed in January 2020 against U.S.-based Voice over Internet Protocol (VoIP) companies, the Federal Trade Commission and the Federal Communications Commission to combat illegal robocalls. Despite those efforts, and even evidence of some declines in robocalls for a time, the presidential election and the COVID-19 pandemic has fueled a spike in calls.
from TechCrunch https://ift.tt/34VWWxq
Monday, 2 November 2020
Indonesian logistics platform Logisly raises $6 million Series A to digitize truck shipments
Indonesia’s logistics industry is very fragmented, with several large providers operating alongside thousands of smaller companies. This means shippers often have to work with a variety of carriers, driving up costs and making supply chains harder to manage. Logisly, a Jakarta-based startup that describes itself as a “B2B tech-enabled logistics platform,” announced today it has raised $6 million in Series A funding to help streamline logistics in Indonesia. The round was led by Monk’s Hill Ventures.
This brings the total Logisly has raised since it was founded last year to $7 million. Its platform digitizes the process of ordering, managing and tracking trucks. First, it verifies carriers before adding them to Logisly’s platform. Then it connects clients to trucking providers, using an algorithm to aggregate supply and demand. This means companies that need to ship goods can find trucks more quickly, while carriers can reduce the number of unused space on their trucks.
Co-founder and chief executive officer Roolin Njotosetiadi told TechCrunch that about “40% of trucks are utilized in Indonesia, and the rest are either sitting idle or coming back from their hauls empty handed. All of these result in high logistics costs and late deliveries.”
He added that Logisly is “laser focused on having the largest trucking network in Indonesia, providing 100% availability of cost-efficient and reliable trucks.”
Logisly now works with more than 1,000 businesses in Indonesia in sectors like e-commerce, fast-moving consumer goods (FCG), chemicals and construction. This number includes 300 corporate shippers. Logisly’s Series A will be used on growing its network of shippers and transporters (which currently covers 40,000 trucks) and on product development.
The startup’s clients include some of the largest corporate shippers in Indonesia, including Unilever, Haier, Grab, Maersk and JD.ID, the Indonesian subsidiary of JD.com, one of China’s largest e-commerce companies.
Other venture capital-backed startups that are focused on Indonesia’s logistics industry include Shipper, which focuses on e-commerce; logistics platform Waresix; and Kargo.
from TechCrunch https://ift.tt/2Gn2VlH
Walmart reportedly ends contract with inventory robotics startup Bossa Nova
Robotics and automation startups have seen a strong uptick in interest over the course of the pandemic. And it’s easy to see which companies have a newfound interest in automating their workforce amid a seemingly endless virus-driven shutdown. But Walmart, which has long promised to take an increasing focus on such technology, has reportedly pulled the plug on one of its highest-profile partnerships.
The mega-retailer has ended a contract with Bossa Nova Robotics, according to new reporting from The Wall Street Journal. Walmart had announced in January that it would bring the Bay Area-based startup’s inventory-scanning robots to an additional 650 locations, bringing the total up to 1,000. The move has resulted in layoffs of around 50% at the Carnegie Mellon spin-off, per the WSJ report. It’s a huge hit at a time when such technologies should be thriving.
Bossa Nova co-founder Sarjoun Skaff didn’t confirm nor deny the WSJ report, instead issuing a no comment. He did, however, weigh in on the COVID-19 pandemic and its affect on the company, seeming to confirm that some layoffs had indeed occurred.
“I cannot comment on Walmart, however the pandemic has forced us to streamline our operations and focus on our core technologies,” Skaff said. “We have made stunning advances in AI and robotics. Our retail AI is the industry’s best and works as well on robots as with fixed cameras, and our hardware, autonomy and operations excelled in more than 500 of the world’s most challenging stores. With the board’s full support, we continue deploying this technology with our partners in retail and in other fields.”
The tumult at Bossa Nova has stretched beyond layoffs. Skaff, who was CTO took over the CEO spot in October when Stuart Pann left the position after less than nine months. Bossa Nova’s deal with Walmart was a major break for the startup, which began life in 2005 as a robotic toymaker before pivoting into something more serious. The startup’s relationship with Walmart dates back to 2017, when the chain ordered 50 robots. Walmart’s massive order earlier was a major endorsement of Bossa Nova’s technology.
Such a change of heart would no doubt have a profound effect on the company.
Walmart apparently just wasn’t getting enough out of the deal. Bossa Nova’s robots had made their way into around 500 stores by the time the deal ended — around half of the initial proposed number. As COVID-19 has pushed more orders online, Walmart began exploring ways to use human workers to perform inventory while grabbing product for online fulfillment. Walmart’s operations as well as those at other major retailers will continue to evolve as brick-and-mortar locations reopen and customers shows signs of interest to return to the in-person shopping experience. The volatility of the pandemic still doesn’t lessen the sting or impact that Walmart’s abrupt reversal will have on Bossa Nova and its hopes for a rebound.
Meanwhile, Walmart’s robotic experiments aren’t over. The company’s Sam’s Club subsidiary recently announced it would bring Tennant’s floor scrubbing robots to all of its 599 stores. Interestingly, the company is also exploring ways for these machines to double up and perform in-store inventory checks; it’s not clear if these will be used only in Sam’s Club locations or extend to Walmart stores as well.
from TechCrunch https://ift.tt/3mMgtXr
Sunday, 1 November 2020
Startup brands like the shoe company Thousand Fell are bringing circular economics to the fashion industry
Thousand Fell, the environmentally conscious, direct-to-consumer shoe retailer which launched last November, has revealed the details of the recycling program that’s a core component of its pitch to consumers.
The company, which has now sold enough shoes to start seeing its early buyers begin recycling them after ten months of ownership, expects to recycle roughly 3,000 pairs per quarter by 2021, with the capacity to scale up to 6,000 pairs of shoes.,
The recycling feature, through partnerships with United Parcel Service and TerraCycle, offers customers the option to avoid simply throwing out the shoes for $20 in cash that the company pays out upon receipt of the old shoes.
With the initiative, Thousand Fell joins a growing number of companies in consumer retail that are experimenting with various strategies to incorporate reuse into the life-cycle of their products. Nike operates a reuse a shoe program at some of its stores, which will collect used athletic shoes from any brand for recycling. And several companies are offering denim recycling drop-off locations to take old jeans and convert the material into other products.
What’s more, Thousand Fell’s recycling partner, TerraCycle, has developed a milkman model for reusing packaging to replace consumer packaged goods like dry goods, beverages, desserts and home and beauty products under its Loop brand (and in partnership with Kroger and Walgreens).
Across retail, zero waste packaging and delivery options (and companies emphasizing a more sustainable, circular approach to consumption) are attracting increased interest from investors across the board, with everyone from delivery companies to novel packaging materials attracting investor interest.
“Thousand Fell owns the material feeds and covers the cost of recycling, as well as the resale or reintegratoin of recycled material back into new shoes and the issuance of the $20 recycling cash that is sent back to the consumer once they recycle,” wrote Thousand Fell co-founder Stuart Ahlum, in an email.
Clothing and textiles account for 17% of all landfill waste and shoes are particularly wasteful. Shoes account for 10% of retail production capacity but about 25% of textile waste, according to Ahlum.
The company sells its environmentally friendly shoes for under $100, a price point that makes them more accessible to price-conscious consumers, according to Ahlum.
Through the program UPS will run shipping for the Thousand Fell sneaker recycling program and making its network of shipping locations — including within Staples stores — available for drop-off of Thousand Fell’s shoes.
With TerraCycle, Thousand Fell will ensure that the old sneakers will be sustainably recycled and diverted from landfills. UPS’ Ware2Go business is also providing fulfillment and warehousing services for Thousand Fell, the companies said in a statement earlier this week.
Meanwhile, TerraCycle and Thousand Fell are developing a closed loop process where old sneakers will be reintegrated into the supply chain to make new sneakers.
Through Thousand Fell, shoe buyers can track their purchase history and the carbon footprint of their sneakers at the company’s website — and register their sneakers once they’ve received them. The registration allows customers to initiate the recycling process at a drop off location or directly shipping their shoes back to TerraCycle.
“This enterprise partnership between UPS, TerraCycle, and Thousand Fell is the reverse logistics engine that powers the circular economy. It solves the critical problem of collecting worn products back from customers — at scale and at cost,” Ahlum wrote in an email.
from TechCrunch https://ift.tt/2JrIbKK
Thursday, 29 October 2020
Amazon pegs COVID-19 costs at an estimated $4 billion next quarter
Amazon expects to incur $4 billion in COVID-related costs next quarter, an estimate that provides a bellwether for other businesses, large and small, trying to stay operational and control expenses amid the pandemic.
The upshot: Amazon is planning for COVID to remain an unwelcome companion through the end of the year with costs higher than the previous quarter.
The company said Thursday in its third-quarter earnings call that it logged $7.5 billion in COVID-related costs since the disease took root earlier this year. Amazon previously said its COVID costs were about $600 million in the first quarter and more than $4 billion in the second. The company’s COVID costs in the third quarter were about $2.5 billion, CFO Brian Olsavsky told an analyst during an earnings call. While Amazon was able to lower its costs in the third quarter due to efficiencies that number is on rise for next quarter.
Olsavsky said the majority of the increase in costs is due to the expansion of its operations. Amazon has hired 100,000 new workers in October.
COVID-19 along with other uncertainties related to the economy, holiday sales and even weather patterns weighed on its guidance for operating income in the fourth quarter. Amazon provided a wide-ranging guidance of between $1 billion and $4.5 billion in operating income in the fourth quarter compared with $3.9 billion in the same period last year. This guidance assumes about $4 billion of costs related to COVID-19.
But what is most telling is that even after providing a lengthy list of possible uncertainties in the fourth quarter, Olsavsky noted that COVID still trumps them all.
“So there’s a whole host of issues that generally come to bear in Q4,” Olsavsky said. “I think the fact that COVID is dwarfing all of those is causing us a lot of uncertainty on our top line range.”
Olsavsky said costs were related to productivity losses caused by changing how it operates as well as expenses related to personal protective equipment and other upfront costs.
“The largest portion of these costs relate to continuing productivity headwinds in our facilities, including process revisions to allow for social distancing and incremental costs to ramp up new facilities, and the large influx of new employees hired to support strong customer demand also includes investments in PPE for employees and enhanced cleaning of our facilities,” Olsavsky said during Thursday’s earnings call.
Amazon said Thursday it also continues to ramp up its in-house COVID-19 testing program with capacity reaching 50,000 tests a day across 650 sites by November.
from TechCrunch https://ift.tt/34CPsPZ
WhatsApp is now delivering roughly 100 billion messages a day
WhatsApp, the popular instant messaging app owned by Facebook, is now delivering roughly 100 billion messages a day, the company’s chief executive Mark Zuckerberg said at the quarterly earnings call Thursday.
For some perspective, users exchanged 100 billion messages on WhatsApp last New Year’s Eve. That is the day when WhatsApp tops its engagement figures, and as many of you may remember, also the time when the service customarily suffered glitches in the past years. (No outage on last New Year’s Eve!)
At this point, WhatsApp is just competing with itself. Facebook Messenger and WhatsApp together were used to exchange 60 billion messages a day as of early 2016. Apple chief executive Tim Cook said in May that iMessage and FaceTime were seeing record usage, but did not share specific figures. The last time Apple did share the figure, it was far behind WhatsApp’s then usage (podcast). WeChat, which has also amassed over 1 billion users, is behind in daily volume of messages, too.
In early 2014, WhatsApp was being used to exchange about 50 billion texts a day, its then chief executive Jan Koum revealed at an event.
At the time, WhatsApp had fewer than 500 million users. WhatsApp now has more than 2 billion users and at least in India, its largest market by users, its popularity surpasses those of every other smartphone app including the big blue app.
“This year we’ve all relied on messaging more than ever to keep up with our loved ones and get business done,” tweeted Will Cathcart, head of WhatsApp.
Sadly, that’s all the update the company shared on WhatsApp today. Mystery continues for when WhatsApp expects to resume its payments service in Brazil, and when it plans to launch its payments in India, where it began testing the service in 2018. (It has already shared big plans around financial services in India, though.)
“We are proud that WhatsApp is able to deliver roughly 100B messages every day and we’re excited about the road ahead,” said Cathcart.
from TechCrunch https://ift.tt/3my12C2
