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Archivo del Autor: Belen De Leon

NASA is ready to launch a satellite that shoots lasers at the Earth – CNET

The satellite shoots 10,000 laser pulses at the Earth every second, taking measurements every 2.3 feet to paint a laser landscape of the planet.
Source: CNET

Nintendo reveals Animal Crossing coming to Nintendo Switch in 2019 – CNET

Animal Crossing fans, your pleas have been heard.
Source: CNET

Bezos promises Amazon HQ2 decision will be announced by year's end – CNET

Amazon CEO isn’t offering any hints though.
Source: CNET

This $3,000 OnePlus 6 is the most Luxurious OnePlus around – CNET

The Hadoro custom phone comes at a cost, but looks totally badass.
Source: CNET

Golden Gate Ventures closes new $100M fund for Southeast Asia

Singapore’s Golden Gate Ventures has announced the close of its newest (and third) fund for Southeast Asia at a total of $100 million.

The fund hit a first close in the summer, as TechCrunch reported at the time, and now it has reached full capacity. Seven-year-old Golden Gate said its LPs include existing backers Singapore sovereign fund Temasek, Korea’s Hanwha, Naver — the owner of messaging app Line — and EE Capital. Investors backing the firm for the first time through this fund include Mistletoe — the fund from Taizo Son, brother of SoftBank founder Masayoshi Son — Mitsui Fudosan, IDO Investments, CTBC Group, Korea Venture Investment Corporation (KVIC), and Ion Pacific.

Golden Gate was founded by former Silicon Valley-based trio Vinnie Lauria, Jeffrey Paine and Paul Bragiel . It has investments across five markets in Southeast Asia — with a particular focus on Indonesia and Singapore — and that portfolio includes Singapore’s Carousell, automotive marketplace Carro, P2P lending startup Funding Societies, payment enabler Omise and health tech startup AlodokterGolden Gate’s previous fund was $60 million and it closed in 2016.

Some of the firm’s exits so far include the sale of Redmart to Lazada (although not a blockbuster), Priceline’s acquisition of WoomooLine’s acquisition of Temanjalan and the sale of Mapan (formerly Ruma) to Go-Jek. It claims that its first two funds have had distributions of cash (DPI) of 1.56x and 0.13x, and IRRs of 48 percent and 29 percent, respectively.

“When I compare the tech ecosystem of Southeast Asia (SEA) to other markets, it’s really hit an inflection point — annual investment is now measured in the billions. That puts SEA on a global stage with the US, China, and India. Yet there is a youthfulness that reminds me of Silicon Valley circa 2005, shortly before social media and the iPhone took off,” Lauria said in a statement.

A report from Google and Temasek forecasts that Southeast Asia’s digital economy will grow from $50 billion in 2017 to over $200 billion by 2025 as internet penetration continues to grow across the region thanks to increased ownership of smartphones. That opportunity to reach a cumulative population of over 600 million consumers — more of whom are online today than the entire U.S. population — is feeding optimism around startups and tech companies.

Golden Gate isn’t alone in developing a fund to explore those possibilities, there’s plenty of VC activity in the region.

Some of those include Openspace, which was formerly known as NSI Ventures and just closed a $135 million fund, Qualgro, which is raising a $100 million vehicle and Golden Equator, which paired up with Korea Investment Partners on a joint $88 million fund. Temasek-affiliated Vertex closed a $210 million fund last year and that remains a record for Southeast Asia.

Golden Gate also has a dedicated crypto fund, LuneX, which is in the process of raising $10 million.


Source: TechCrunch

How to download iOS 12 on your iPhone right now – CNET

You don’t have to wait until Sept. 17.
Source: CNET

Trump's Disregard of Puerto Rico's Death Toll Is Putting Lives at Risk

President Trump’s tweet about the death toll in Puerto Rico is worse than a lie. It means we’ll never learn from past disasters, repeating devastating mistakes.
Source: Wired

How the Weather Channel Made That Insane Hurricane Florence Storm Surge Animation

A combination of Unreal Engine and a specially outfitted studio brought Hurricane Florence to life.
Source: Wired

The Nintendo Switch just became a Final Fantasy machine – CNET

Final Fantasy XV: Pocket edition launches on the Nintendo Switch, with eight more games coming soon.
Source: CNET

A Tesla investor says he was recently questioned by US regulators about that infamous ‘funding secured’ tweet

Last week, onstage at TechCrunch Disrupt, regulator Jina Choi, who heads the SEC’s wide-reaching San Francisco unit, declined to confirm or deny that the SEC is investigating Tesla CEO Elon Musk for possible fraud.

Said Choi, “I can’t tell you about any particular investigation in our office. And I can’t confirm or deny the existence of investigations that are in our office. I can say that we are very diligent about covering the issuers in our region and some of the more high-profile issuers in our region. We try to stay on top of that, but that’s about all I can say.”

Now, investor James Anderson of the global asset manager Baillie Gifford tells Reuters that, as a shareholder, he was recently questioned by U.S. securities regulators about Musk’s famous — and possibly fateful — early August tweet that he was thinking of taking Tesla private and that he had “funding secured.”

Said Anderson to Reuters, “I don’t know what they’ll do with [Musk], but there’s no implication that we’ve done anything wrong . . . I think quite naturally they wanted to know whether major shareholders had any lead indication or knowledge of the tweet about ‘funding secured.’”

Because it isn’t talking, it’s impossible to know how seriously the SEC is looking into the chain of events that led to the tweet or what followed. As industry watchers likely know, days after making his surprising announcement, Musk elaborated on why he made it, writing in a post that he’d left a late July meeting with Saudi Arabia’s sovereign-wealth fund that gave him the impression that a deal to take Tesla private could close.

tick-tock account by the WSJ of what happened behind the scenes during this period —  it was published shortly after Musk abandoned his take-private idea — said officials in the kingdom were “rankled” by the suggestion that the Saudis, who have quietly acquired up to 5 percent of Tesla’s shares this year, had made any kind of formal proposal.

Bruised feelings aside, Musk, it’s now plain, may be dealing with regulatory fall-out, too. And interestingly, much of what happens next may center not just on interviews with shareholders and Musk’s other communications, but on plain-old psychology.

Onstage, we asked Choi if, typically speaking, false statements are enough to prove fraud or whether there needs to be an accompanying scheme. “When you talk about fraud,” she answered, “you’re talking about a state of mind, you’re talking about mens rea. We call it scienter. You have to do something with intentionality. The idea of just making a misstatement doesn’t necessarily rise to the level of fraud. I think that’s what makes our investigations so challenging. I think the idea of trying to understand what’s in people’s heads can be very difficult.”

Misstatements can “be the first step to fraud,” Choi had added. “But generally, when we talk about fraud the F word, I think we are talking about a state of mind that’s a little bit higher than that.”


Source: TechCrunch

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