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Friday, July 31, 2020
Trump told reporters he will use executive power to ban TikTok
President Donald Trump told reporters on Air Force One that he will act as soon as Saturday to ban TikTok from the US, CNBC reported.
The story is updating.
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Java Performance Optimization
Getting Java apps to run is one thing. But getting them to run fast is another. Performance is a tricky beast in any object-oriented environment, but the complexity of the JVM adds a whole new level of performance-tweaking trickiness — and opportunity. This Refcard covers garbage collection monitoring and tuning, memory leaks, object caching, concurrency, and more.
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Disrupt 2020 early-bird savings extended until next week
Even the hard-charging world of early-stage startups has its share of procrastinators, lollygaggers, slow-pokes, wafflers and last-minute decision makers. If that’s your demographic, today is your lucky day.
You now have an extra week (courtesy of Saint Expeditus, the patron saint of procrastinators), to score early-bird savings to Disrupt 2020, which takes place September 14-18. Buy your pass before the new and final deadline — August 7 at 11:59 p.m. (PT) — and save up to $300. Who says prayers (or secular entreaties) go unanswered?
Your pass opens the door to five days of Disrupt — the biggest, longest TechCrunch conference ever. Drawing thousands of attendees and hundreds of innovative early-stage startups from around the world, you won’t find a better time, place or opportunity to accelerate the speed of your business.
Here are four world-class reasons to attend Disrupt 2020.
World-class speakers. Hear and engage with leading voices in tech, business and investment across the Disrupt stages. Folks like Sequoia Capital’s Roelof Botha, Ureeka’s Melissa Bradley and Slack’s Tamar Yehoshua — to name just a few. Here’s what you can see onstage so far.
World-class startups. Explore hundreds of innovative startups exhibiting in Digital Startup Alley — including the TC Top Picks. This elite cadre made it through our stringent screening process to earn the coveted designation, and you’ll be hard-pressed to find a more varied and interesting set of startups.
World-class networking. CrunchMatch, our AI-powered networking platform, simplifies connecting with founders, potential customers, R&D teams, engineers or investors. Schedule 1:1 video meetings and hold recruitment or extended pitch sessions. CrunchMatch launches weeks before Disrupt to give you more time to scout, vet and schedule.
World-class pitching. Don’t miss Startup Battlefield, the always-epic pitch competition that’s launched more than 900 startups, including big-time names like TripIt, Mint, Dropbox and many others. This year’s crop of startups promises to throw down hard for bragging rights and the $100,000 cash prize.
Need another reason to go? Take a page out of SIMBA Chain founder Joel Neidig’s playbook:
Our primary goal was to make people aware of the SIMBA Chain platform capabilities. Attending Disrupt is great way to get your name out there and build your customer base.
It’s time for all you last-minute lollygaggers to get moving and take advantage of this second, final chance to save up to $300. Buy your pass before August 7 at 11:59 p.m. (PT).
Is your company interested in sponsoring or exhibiting at Disrupt 2020? Contact our sponsorship sales team by filling out this form.
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Thursday, July 30, 2020
Ford Bronco reservations surpass 150,000
The reception to Bronco 2021 — Ford’s flagship series of 4×4 vehicles that were revealed earlier this month — surpassed expectations of the company’s most optimistic initial projections, CEO Jim Hackett said in an earnings call Thursday.
More than 150,000 customers have plunked down $100 to reserve a spot to order one of the vehicles, according to Ford.
“We think this family of vehicles has big upside potential in the growing off-road category and this is a category with a leading OEM has not been seriously challenged until now,” Hackett said.
These are, of course, mere reservations, not actual orders. The deposits are refundable. Now, Ford is focused on the due diligence required to determine how many of these reservations will be converted to orders as it lay outs its manufacturing strategy for the brand.
The Ford Bronco 2 and Bronco 4 will be built at Michigan Assembly Plant in Wayne, Michigan. The Bronco Sport will be assembled at plant in Mexico. The company is now determining how many shifts to staff at each factory in order to match actual orders.
“There’s still a lot of work to do,” Ford COO Jim Farley said in a call with analysts Thursday. “But the mix is great.”
The Bronco is a brand that leans heavily on nostalgia, customization, functional design and technology, such as the automaker’s next-generation infotainment system and a digital trail mapping feature that lets owners plan, record and share their experiences via an app.
While the response to the Bronco has been palatable, there are a number of competitors also aiming to win over customers. GM released a video this week teasing its all-electric GMC Hummer. While the video was a promotional mashup of buzzwords, it also showed that GM had clearly identified Ford Bronco and Tesla Cybertruck as its main competitors. Then there’s electric upstart Rivian, which plans to start production of its EV pickup and SUV in 2021.
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Self-driving startup Argo AI hits $7.5 billion valuation
Autonomous vehicle technology startup Argo AI is valued at $7.5 billion, just a little more than three years after the company burst on the scene with a $1 billion investment from Ford.
The official valuation was confirmed Thursday nearly two months after VW Group finalized its $2.6 billion investment in Argo AI. Under that deal, Ford and VW have equal ownership stakes, which will be roughly 40% each over time. The remaining equity sits with Argo’s co-founders as well as employees. Argo’s board is comprised of two VW seats, two Ford seats and three Argo seats.
Ford’s announcement in February 2017 that it was investing in Argo AI surprised many. The startup was barely six months old when it was thrust into the spotlight. Its founders, Bryan Salesky and Peter Rander, were known in the tight knit and often overlapping autonomous vehicle industry; prior to forming Argo, Salesky was director of hardware development at the Google self-driving project (now Waymo) and Rander was the engineering lead at Uber Advanced Technologies Group. But even those insiders who knew Salesky and Rander wondered what to make of the deal.
Since then, Argo has focused on developing the virtual driver system — all of the sensors, software and compute platform — as well as high-definition maps designed for Ford’s self-driving vehicles.
That mission now extends to VW Group as well. Ford and VW will share the cost of developing Argo AI’s self-driving vehicle technology under the terms of the deal. The Pittsburgh-based company also has offices in Detroit, Palo Alto and Cranbury, N.J. It has fleets of autonomous vehicles mapping and testing on public roads in Austin, Miami, Pittsburgh and Washington, D.C.
The investment by VW expands its workforce and operations to Europe. Autonomous Intelligent Driving (AID), the self-driving subsidiary that was launched in 2017 to develop autonomous vehicle technology for the VW Group, is being absorbed into Argo AI. AID’s Munich offices will become Argo’s European headquarters. In all, Argo now employs more than 1,000 people.
While the development and deployment of autonomous vehicles will be a long journey — a remark shared Thursday by Ford CEO Jim Hackett — the Argo investment has already provided the automaker with a short-term and timely gain.
The automaker said Thursday it netted $3.5 billion in the second quarter from selling some of its Argo equity to Volkswagen. That gain gave the automaker a one-time boost in its second-quarter earnings.
Ford posted a $1.1 billion profit in the second quarter, if the Argo transaction is counted. Ford lost $1.9 billion in the quarter before interest and taxes and one-time items. Ford reported a revenue of $19.4 billion, a 50% decrease from the same period in 2019 due to the COVID-19 pandemic which caused the company to idle its factories for weeks.
Still, the result could have been far worse. Ford had previously warned that it could post as much as a $5 billion net loss in the second quarter.
Despite these COVID-19 headwinds, Hackett said Ford is still committed to the long-term pursuit of AVs, a point reiterated by CFO Tim Stone, who said the automaker continues to make investments to commercialize its autonomous vehicle business, including product development, engineering and testing.
“The AV journey will be a long one, but Ford is now well positioned to run this race and compete like few others can,” Hackett added.
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Rakuten is shuttering the online shop formerly known as Buy.com
Japanese conglomerate Rakuten has pulled the plug on its U.S. online retail store, originally known as Buy.com, and will wind down its operations over the next two months, the company confirmed to TechCrunch. The shutdown means that the US headquarters will lay off its staff as well, meaning 87 people will lose their jobs, according a source familiar with the developments.
“We have decided to sunset the U.S. Rakuten Marketplace,” a company representative said in an email to TechCrunch. They clarified, however, that the “cash back rewards” referral business the company operates at Rakuten.com (formely Ebates, which it bought for $1B in 2014) “is definitely not shutting down and is stronger than ever.”
Rakuten bought Buy.com for $250M back in 2010 in an attempt to expand its retail business out of its stronghold of Japan. Unfortunately the evolving market, aggressive growth (and targeting of rivals) at Amazon, and likely the choice to rebrand the once well-known site under the Rakuten name, all led to declining business. The original CEO and COO left in 2012.
Customers of the Rakuten US store will be able to place orders for the next two months, after which the site will shutter completely. Users of the rewards and commission business shouldn’t see any major changes, and other businesses (like the Kobo e-reading division) aren’t affected either.
It’s a blow to Rakuten, but hardly one that can have taken them by surprise. The company has diversified and invested in a large number of businesses and verticals around the world (even launching a cryptocoin), so the failure of a marketplace like this, while unfortunate (especially for those laid off), won’t be affecting their bottom line much at this point.
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Wednesday, July 29, 2020
EU Privacy Shield and the Future of Data Regulation-Compliant DBs
On July 16, 2020, the European Court of Justice got rid of the four-year-old Privacy Shield agreement struck between the U.S. and the EU that had exposed Europeans to possible U.S. surveillance. The agreement had also allowed U.S. companies like Facebook and Google to store data about European residents outside of the region.
This move is yet another great example of the EU doing “right” by their constituents and holding tech companies responsible for their users' data privacy. The news also builds on the EU’s General Data Protection Regulation (GDPR) leadership, extending its consumer protections and providing a model for the rest of the world to work from as global data privacy policies continue to evolve.
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Understanding Sentiment Analysis
A simple chatbot is not enough to talk to enhance your clients’ experience and boost your business performance. When it comes to development, you realize that you require sentiment analysis to understand their feedback.
It might not seem a particularly difficult task to a human, but discerning intent behind each comment requires significant effort and specific algorithms. Our texts, blog posts, and any other form of written communication is riddled with emotion. An AI system may have little trouble understanding what a short and straightforward “I like it” means, but, in most cases, a single message contains more layers of context, subtext, irony, and other distorting factors. To classify each message correctly and respond appropriately, AI-powered communication systems rely on sentiment analysis.
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API Security Weekly: Issue #94
This week, we have a potential username exposure in WordPress APIs, an upcoming API security training at the Black Hat USA 2020 conference, and some industry statistics on the poor security performance of web application firewalls (WAFs) and the importance of API security.
Vulnerability: WordPress
If you use WordPress, check if the REST API endpoint of WordPress is openly sharing usernames at your_domain/wp-json/wp/v2/users.
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Kafka on Kubernetes, the Strimzi Way! (Part 1)
Some of my previous blog posts (such as Kafka Connect on Kubernetes, the easy way!), demonstrate how to use Kafka Connect in a Kubernetes-native way. This is the first in a series of blog posts which will cover Apache Kafka on Kubernetes using the Strimzi Operator. In this post, we will start off with the simplest possible setup i.e. a single node Kafka (and Zookeeper) cluster and learn:
- Strimzi overview and setup
- Kafka cluster installation
- Kubernetes resources used/created behind the scenes
- Test the Kafka setup using clients within the Kubernetes cluster
The code is available on GitHub - https://github.com/abhirockzz/kafka-kubernetes-strimzi
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Apple’s App Store commission structure called into question in antitrust hearing
Apple CEO Tim Cook defended the company’s App Store commission structure in his sworn testimony before the House Antitrust Subcommittee on Wednesday. He claimed the majority of the apps pay no commission at all, with others paying either 15 or 30 percent, based on the specifics of their particular situation. He said developers were all treated equally and that Apple wouldn’t raise commissions, because it had to compete for developer interest in its platform as well.
But the documents shared by the House subcommittee as part of their investigation indicate that exceptions to Apple’s rules have been made — notably, with Amazon’s Prime Video app. In addition, Apple may have never raised commissions, but discussions weren’t off the table. It had once even considered raising commissions to 40% in particular situations.
The lawmakers had come to the hearing armed with internal Apple emails and interviews from App Store developers who argued that Apple doesn’t uniformly enforce its rules and plays favorites. But their questioning of Cook over App Store fees, combined with a format that limited execs’ ability to respond at length, initially seemed to reveal little in terms of new information about Apple’s practices.
For instance, when asked directly about how the App Store worked, Cook simply restated the store’s published rules — that is, for app developers who have to pay commissions, they pay only 15 or 30 percent. The current guidelines require 30% for apps selling digital goods or services, with a drop to 15% in year two for subscription apps. The rules also document a carve-out for “reader” apps like audiobook apps, streaming services, news publications, and other competitive products which have the option of forgoing in-app purchases.
Cook also squeezed in a mention about how the vast majority of App Store apps, 84%, pay nothing to Apple in commissions. It’s the remaining 16% that pay, he noted.
And when asked if Apple was the sole gatekeeper as to what gets published on the App Store, Cook agreed that it was — given that the App Store was a “feature of the iPhone, much like the Camera and the chip is.” He clarified that Apple’s control over apps only extended to native software applications, not web apps, but denied Apple treated developers unfairly.
“We treat every developer the same. We have open and transparent rules,” Cook said, in his testimony. “It’s a rigorous process, because we care so deeply about privacy and security and quality. We do look at every app before it goes on,” he added.
But emails in 2016 between Apple SVP Eddy Cue and Amazon CEO Jeff Bezos, shared here on the House Judiciary Committee’s website, indicate that Apple, in fact, appears to have negotiated a special deal with Amazon over its Amazon Prime Video app for iOS and Apple TV. In an email dated Nov. 2016 — before the 2017 launch of the Prime Video tvOS app — Apple agreed to take only a 15% revenue share for customers that signed up in the app using Apple’s payment mechanism. (Typically, subscription apps don’t drop from 30% to 15% until year two.)
Apple this April confirmed it had a special program for Prime Video and a small handful of other apps, which were subscription video entertainment providers. The program allowed those companies to rent or sell movies and TV shows to customers using the payment methods the companies already had on file, as well as more deeply integrate with Siri. But Apple hadn’t said that this special program would include a reduced commission on subscriptions or any other in-app upsells, as these emails confirm were points of discussion.
This wouldn’t be the first time Apple saw its commission structure as having some room to flex.
When Cook was questioned as to whether there was anything that could stop Apple from raising commissions to, say, 50%, the CEO responded that Apple had never increased commissions since day one. He also argued, when asked if anything could stop it from doing so, that competition for developer interest would stop it from raising its cut.
“There is a competition for developers, just like there’s a competition for customers. And so the competition for developers — they write their apps for Android or Windows or Xbox or Playstation,” said Cook. “We have fierce competition on the developer side and the customer side which is essentially — it’s so competitive, I would describe it as a street fight for market share in the smartphone business,” he added.
But in internal emails from 2011, Apple did discuss raising commissions — all the way to 40% for the first year of recurring subscriptions. “I think we may be leaving money on the table if we just asked for about 30% of the first year of sub,” Cue had written at the time.
Documents from the Hearing on “Online Platforms and Market Power: Examining the Dominance of Amazon, Apple, Facebook and Google” pic.twitter.com/42o2Ye13jI
— House Judiciary Dems (@HouseJudiciary) July 29, 2020
Of course, Apple didn’t go so far as to actually make that change in the years that passed. But these emails indicate there’s more to Apple’s thinking — and its discussions around the commission structure — than the even playing field Cook testified to.
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Amazon’s hardware business doesn’t escape Congressional scrutiny
While much of today’s Congressional grilling into the anticompetitive practices of the big tech giants focused on their core businesses, Amazon’s hardware also came in for close inspection during the hours-long interrogation.
It was a small but significant exchange, because it touched on the breadth of the company’s services and how dominance in one area can mean potentially anti-competitive behavior in another part of the tech giant’s business.
For Maryland’s Representative Jamie Raskin, both Amazon’s best-selling Echo and the Fire TV devices became targets thanks to recent reporting on the company’s business practices and negotiations regarding both devices.
The Echo is the company’s foray into the smart home market that’s widely seen as the next major battleground in consumer technology. It’s one of the most widely adopted pieces of Amazon’s technology and has captured about 60% of the smart home market, according to Raskin.
The congressman hammered Bezos on two points about the Echo. The first was the company’s pricing scheme which had the Echo priced well below the cost to produce the device making it all but impossible for other tech companies to compete.
The Echo’s wide adoption has also led Amazon to engage in other anti-competitive behavior, Raskin asserted — some of which was outlined in previous questioning from Colorado Rep. Ken Buck citing a Wall Street Journal report that Amazon had used its investment unit focused on its Echo product and Alexa voice assistant to copy technology coming from small startup companies.
But beyond its appropriation of another company’s intellectual property, Amazon also used the Echo platform to promote its own products over competitors when customers used its voice services.
“Is Alexa trained to favor Amazon products?” Raskin asked.
Bezos responded that he wasn’t sure if Amazon had specifically trained the Alexa to default to Amazon services or to promote the company’s own brand of products, but that he wouldn’t be surprised. “It wouldn’t surprise me if Alexa sometimes does promote our own products,” the Amazon chief executive said.
Raskin also took Bezos to task for the company’s recent negotiations with WarnerMedia, the production studio, streaming service, and network giant. Specifically, he was concerned with how negotiations around the distribution of WarnerMedia’s HBO Max service on the company’s Fire TV devices included discussions around Amazon’s access to WarnerMedia productions.
“You’re not only asking for financial terms but also for content from Warner Media,” Raskin said. “Is it fair to use your gatekeeper status role in the streaming device market to promote your position as a competitor in the video streaming market with respect to content?”
Bezos responded that the negotiations were “normal commerce,” but Raskin tried to make the case that the negotiations over access to the Fire was yet another way in which the company’s leverage in one market impacted its ability to exercise unfair advantage against a competitor in a different industry.
“You’re using your control over access to people’s living rooms essentially,” Raskin said. “You’re using that to obtain leverage in terms of getting creative content that you want. Are you essentially converting power in one domain into power in another domain where it doesn’t belong?”
The comments and line of inquiry from Raskin were part of an intense bout of questioning that seemed to hone in on the purported topic of the hearings — the anti-competitive and potentially monopolistic power wielded by four of the nation’s largest tech companies. Facebook, Apple and Alphabet were all raked over the Congressional coals in bouts of questioning, but it seemed that the most sustained criticism on anti-competitive behavior was reserved for Bezos and Amazon.
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