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Archivo del Autor: Belen De Leon

Daily Crunch: Apple and Google announce contact tracing initiative

Apple and Google reveal a joint effort to track the spread of COVID-19, a new study shows how fringe coronavirus theories are making their way to the mainstream and — in happier news — we get some hints on Apple’s hardware plans for the fall. Here’s your Daily Crunch for April 13, 2020.

1. Apple and Google are launching a joint COVID-19 tracing tool for iOS and Android

Apple and Google’s engineering teams have banded together to create a decentralized contact tracing tool that will help individuals determine whether they have been exposed to someone with COVID-19.

The first phase of the project is an API that public health agencies can integrate into their own apps. The next phase is a system-level contact tracing system that will work across iOS and Android devices on an opt-in basis.

2. Coronavirus conspiracies like that bogus 5G claim are racing across the internet

According to Yonder, an AI company that monitors online conversations including disinformation, conspiracies that would normally remain in fringe groups are traveling to the mainstream faster during the epidemic. The company estimates that it would normally take six to eight months for a “fringe narrative” to make its way from the edges of the internet into the mainstream, while that interval looks like three to 14 days in the midst of COVID-19.

3. Apple said to be planning fall iPhone refresh with iPad Pro-like design

Apple is readying a new iPhone for fall to replace the iPhone 11 Pro this fall, Bloomberg reports, as well as follow-ups to the iPhone 11, a smaller HomePod and a locator tag accessory.

4. Amazon to hire 75,000 more to address increased demand due to coronavirus crisis

The company said its hiring efforts can help mitigate some of the job loss and furloughing that has resulted from the economic crisis that is also occurring as part of the COVID-19 pandemic. In fact, Amazon positioned its openings as an option for anyone looking to seek work “until things return to normal and their past employer is able to bring them back.”

5. Checking on Utah’s startup scene as the economy slips

TechCrunch is taking a closer look at a few startup markets as the world changes. Following our dive into Boston late last week, we’re widening our scope and taking a peek at the state of Utah. (Extra Crunch membership required.)

6. Tesla resurrects long-range RWD Model 3 for the Chinese market

Tesla is now producing and selling the long-range, rear-wheel-drive version of its Model 3 electric vehicle at its Shanghai factory. The move is notable because Tesla discontinued production of the long-range RWD Model 3 in the U.S. This also marks a shift from Tesla’s initial plan to sell a more basic version of the Model 3 in China.

7. This week’s TechCrunch podcasts

The latest full-length episode of Equity rounds up a bunch of different fintech stories (including SoFi’s $1.2 billion purchase of Galileo), while the Monday news roundup looks at some of SoftBank’s latest financial numbers. And over on Original Content, we had some pretty strong feelings about the initial content lineup at Quibi.

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here.


Source: TechCrunch

Tesla Model Y has a date with Sandy Munro for a teardown – Roadshow

Munro has posted the first few videos that show the Model Y undergoing a total teardown process and if they’re anything like the Model 3’s, they’ll be worth a watch.
Source: CNET

Fantasy garage: The 5 best cars for a Dungeons & Dragons campaign – Roadshow

You must gather your party before venturing forth!
Source: CNET

2020 Polestar 1 review: A weird flex and a moot point – Roadshow

There’s a lot to like about Polestar’s first car, but at the end of the day, does it matter if the company is ditching ICE?
Source: CNET

Q1 car sales plummet in the US due to coronavirus outbreak – Roadshow

Even with good sales in January and February, March and the widespread COVID-19 quarantine was brutal to the industry.
Source: CNET

How to use tech to clean your car and combat viruses – Roadshow

The coronavirus is a reminder that cars are germ-filled places. Here are some precautions you can take now, and some new tech that could help in the war against germs soon.
Source: CNET

SoftBank expects $24 billion in losses from Vision Fund, WeWork, and OneWeb investments

The Japanese technology conglomerate SoftBank Group said it would lose a staggering $24 billion on investments made through its Vision Fund and bets on the co-working real estate company, WeWork, and satellite telecommunications company, OneWeb.

Ultimately, the company expects the losses to help generate a $7 billion total loss for the technology giant for the year as its ambitious bets on early stage companies come up short.

Over the past two years SoftBank and its founder Masayoshi Son have staked billions of (other people’s) dollars and its own fortunes on a vision that investments in machine learning technologies, robotics, and next generation telecommunications would reap of hundreds of billions in financial rewards.

While that was the vision that Son and his team sold, the reality was multiple billions of dollars invested into real estate investment plays like WeWork, OpenDoor, and Compass, and companies with direct-to-consumer merchandising plays like Brandless, pet supply businesses like Wag, and the food delivery business DoorDash. Add the hotel chain Oyo to the mix and the investment selection from the Vision Fund looks even less visionary.

Over the past year, several of its investments ran aground. Though none of them imploded as spectacularly as WeWork — whose valuation was slashed from over $40 billion to around $8 billion — many have struggled.

Brandless went bust earlier this year, and real estate investments in Compass along with investments in travel and tourism-related businesses like Oyo, have suffered in the wake of the COVID-19 outbreak which has shuttered economies around the world.

While many SoftBank and SoftBank Vision Fund bets were made into companies that have failed, seem to be on that path, or perhaps may struggle in the economic downturn, not every wage is a clunker. The Vision Fund put lots of capital into Slack before it went public, and the company has caught a huge tailwind in the remote-work boom that we’re currently seeing in light of COVID-19.

Perhaps the most visionary of the SoftBank investments (and one not included in the Vision Fund) OneWeb, too, collapsed under the weight of its own capital-intensive vision for a network of satellites providing high-speed global telecommunications services. Zume, SoftBank’s robotic pizza delivery business, also folded.

The only reason why all of these gambles haven’t completely destroyed SoftBank is that the company still has a cash cow in its Alibaba stake and a relatively strong core business in telecommunications and semiconductor holdings.

“The difference in income before income tax is, in addition to the above, mainly due to the expected recording of non-operating loss totaling approximately JPY 800 billion for fiscal 2019 on investments held outside of SoftBank Vision Fund, including The We Company (WeWork) and WorldVu Satellites Limited (OneWeb),” the company said in a statement. “This will be partially offset by the gain relating to the settlement of variable prepaid forward contract using Alibaba shares recorded in the first quarter of fiscal 2019 and the dilution gain from changes in equity interest in Alibaba recorded in the third quarter of fiscal 2019, as well as an expected year-on-year increase in income on equity method investments related to Alibaba.”

Ultimately, it seems that Son was too enamored of the mythology he’d created around himself as a maverick and a visionary. To the detriment of his company’s outside shareholders and investors.

As Bloomberg noted in an op-ed earlier today:

Son’s insistence that startups grow faster than their founders planned, and strong-arm them into taking more money than they might have wanted, has turned into a burden. And that’s become a huge liability to investors in the Vision Fund and SoftBank, too.

By throwing cash around, dozens of startups became addicted to spending instead of building fiscal discipline into their business models. For years, it seemed like a sound strategy. By having more money than rivals, SoftBank-backed companies could win market share by offering bigger incentives, taking out more ads and luring the best talent.

Today, SoftBank has a major stake in sector leaders like Uber Technologies Inc., WeWork, Grab Holdings Inc. and Oyo. But climbing to number one doesn’t mean being profitable.


Source: TechCrunch

Recap: Roblox, SuperAwesome and Fingerprint execs discuss kids’ media

Consumption of all types of kids-focused digital media has soared with a large portion of the world’s children home from school right now. At all times of day, children are playing games, watching shows and using edtech tools — often in a social context with friends online.
This only accelerates the normalization of virtual spaces as social hubs, and it makes protection of children’s data a more pressing concern for entertainment and communications platforms (like Zoom) that haven’t built a product specific to this demographic.
During last week’s TechCrunch Live session on the state of kids’ media, I had an engaging discussion with three industry leaders about how COVID-19 is impacting companies in the space and what long-term changes could result from it:

  • Craig Donato, chief business officer of Roblox, the $4 billion gaming platform that counts the majority of U.S. kids age 9-12 among its active users.
  • Nancy MacIntyre, co-founder and CEO of Fingerprint, the company behind Kidimo, a leading subscription video and gaming service for children.
  • Dylan Collins, co-founder and CEO of SuperAwesome, the London-based creator of “kid-safe” adtech and privacy tools.

Below is the recording of our conversation as well as the full transcript (with minor edits for clarity):

TechCrunch: The COVID-19 crisis has put families all at home together and changed a lot for your businesses. I want to set context first by looking at the couple years leading up to this. What have been the two biggest changes in the kids’ media space from your perspectives?

Craig Donato: One huge shift that we’ve seen over the last five years is the evolution of games into social places — experiences where kids hang out with their friends, do things with them versus these narrow competitive environments. We really see Roblox as a medium of shared experience. That’s a pretty significant shift, and it’s really benefited platforms like Roblox, but also Minecraft and Fortnite.


Source: TechCrunch

Intuitive Machines picks a launch date and landing site for 2021 Moon cargo delivery mission

The first private company scheduled to make a delivery of scientific cargo on behalf of NASA has specified a landing site, and a target date  for its mission. Intuitive Machines will seek to land its Nova-C lunar lander to a site called the ‘Vallis Schröteri,’ which is the largest valley fond on the Moon, and a fairly flat area that gets plenty of sunlight and doesn’t have any large craters or rocks to trip things up.

Intuitive Machines will be looking to launch on October 21, 2021, with subsequent backup dates available in case that’s not possible. The company has contracted SpaceX to launch Nova-C aboard a Falcon 9 rocket from NASA’s Kennedy Space Center in Florida. This mission will not only carry a range of science experiments for NASA, which will be used to help the agency gather more information in preparation for its Artemis missions, which seek to return humans to the Moon, but it’ll also include some commercial payloads.

The whole point of the Commercial Lunar Services Program (CLPS) under which Intuitive Machines was awarded this mission is that NASA is seeking to partner with private industry for carrying a number of predatory and supply payloads for its Artemis missions – with the hope that these partners will also be able to sign up other private entities as clients to help offset the cost of mission. In general, NASA under current Administrator Jim Bridenstine has espoused a policy of aggressively seeking public-private partnership where possible to pursue cost benefits through commercialization of space.

One of the key payloads on board Nova-C is a precision automated landing system that’s designed to help the lander avoid any potential hazards on the ground, which is a crucial system that will also be used to land astronauts back on the Moon in 2024 (provided NASA’s Artemis mission timelines don’t slip).


Source: TechCrunch

Virgin Orbit completes key final test prior to first orbital demo launch

Virgin Orbit is closer than ever to its goal of launching orbital satellites from a platform carried aboard a modified 747 aircraft. The company flew a successful cryogenic captive carry test of its LauncherOne rocket, carried by the Cosmic Girl carrier aircraft. This test marks the first time that the LauncherOne flew aboard the aircraft fully fueled with RP-1, though it used liquid nitrogen instead of liquid oxygen as an additional safety precaution.

This is an important test because it simulates the real thermal conditions the rocket would undergo during the actual demo launch, since all prior flights have just used water in place of fuel. That’s good for simulating carry weight, but water is much warmer than rocket fuel, which means it isn’t an accurate representation of actual mission conditions.

Virgin Orbit’s test flight in this case went just as planned, which is good news for its forthcoming full launch demo mission. This flight included a “complete, end-to-end launch rehearsal” that includes all ground operations, mission control, communications, launch range assets and the full flight path of the carrier aircraft.

In a blog post about its preparations for this flight, Virgin describes the changes its made as a result of COVID-19, which include re-written procedures for mission control operations, use o personal protective equipment, additional sterilization and having up to 90 percent of its employee base working remotely.

Next up is that crucial first demonstration launch, which will be the inaugural flight of the system as it’s designed to work in operation, including all components – with the LauncherOne separation and orbital delivery included. That’s still set to take place sometime this year, and with this test not complete, it shouldn’t be all that long before Virgin Orbit takes that step.


Source: TechCrunch

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