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Archivo del Autor: Belen De Leon

How to Watch Microsoft Build 2018

Microsoft’s developer conference kicks off with a keynote address at 8:30 am PST on Monday May 7. Here’s how to watch.
Source: Wired

Nokia acquires SpaceTime Insight, adding AI to its Internet of Things business

Nokia last week said that it was selling off its digital health business, after failing to develop it into a substantial business itself, but this week the Finnish company is announcing an acquisition that underscores how it is doubling down in another one of its business areas, the Internet of Things. Nokia has acquired SpaceTime Insight, a California-based IoT startup that provides predictive analytics based on machine learning algorithms.

Terms of the deal are not being disclosed, Bhaskar Gorti, president of Nokia Software, said in an interview. The startup had raised between $50 million and $65 million in funding (based on figures from Crunchbase and PitchBook), and PitchBook last estimated its valuation at just over $103 million in 2016. Backers of the startup included the energy giant E.ON, Novus Energy Partners, Zouk Capital and more.

As a measure of the significance of the deal for Nokia, Rob Schilling, who had been CEO of SpaceTime, will become the head of Nokia’s IoT unit.

IoT today is a fairly small part of Nokia’s business: the company reported over €23 billion in annual revenues last year. Of that, the software division reported only €1.6 billion of business, and IoT will sit somewhere within that.

But we’re at a moment right now where a lot of carriers and large industrial businesses are investing in IoT services — the former as a business opportunity to offset declines in more legacy business lines and slower growth in mobile services; and the latter to improve their efficiencies on both legacy and new equipment.

And just as these companies are trying to catch the next big wave, Nokia itself is facing the same declining, levelling and efficiency trends. So it, too, is also looking for ways of diversifying its own communications equipment business. In that context, Gorti said that Nokia is keen to seize the moment and invest in growing its own IoT business.

“All devices [eventually] have to connect,” he said. “IoT is strategic for us, and we are moving in this direction.” He said that Nokia itself is building an IoT network that it plans to offer to service providers. “It’s a multi-prong strategy to address the market segment.”

SpaceTime is an interesting acquisition not only because will help Nokia tap into utilising more artificial intelligence — which by many accounts has become and will be the essential cornerstone of how IT services operate — but because it’s also bringing something else to the business: customers.

SpaceTime is coming to Nokia with an established set of customers, including Entergy, FedEx, NextEra Energy and Singapore Power, and Gorti said that these will continue to be customers and become an opportunity for further business.

“Over the last few years have been selling networking products in hardware and software to industries like utilities and transportation, and this will help us move up the value chain, addressing other business problems our customers have,” he said.

And for SpaceTime, it gives the startup to sell its solutions into much bigger customers that already work with Nokia. (Nokia may no longer be the world’s biggest handset maker, but it still has an extensive relationship with carriers. Among those, some of them, like Verizon — which, disclaimer, also owns us — is also putting a lot of investment into its IoT business, making it a natural target for solutions like these.)

“Today marks a transformational moment for SpaceTime, and I’m delighted to join forces with one of the world’s top organizations,” said Rob Schilling, CEO of SpaceTime Insight. “I am excited for this incredible opportunity to help accelerate and scale Nokia’s IoT business and provide a new class of next-generation IoT solutions customers cannot find anywhere else.”

More generally, Gorti said that there is an interesting period of consolidation underway in the IoT world. As in other areas of tech, a big infusion of cash from the world of VC has led to a large crop of IoT startups sprouting up. But inevitably, we’re now seeing a shift where smaller but promising businesses are looking to come together around bigger platforms.

“I think the landscape is maturing,” he said. “Two to three years ago, there was a lot of hype and noise, with the main focus on connectivity management. Now people are focusing on vertical industries and use cases, whether that is analytics or surveillance or something else. If you look at the value pyramid, 80% is in applications and analytics, and the rest is connectivity. That also means the platform-based approach is starting to build up more.”


Source: TechCrunch

Ron Howard describes 'chaotic' first day on Solo: A Star Wars Story – CNET

The director encountered complex shots, big sets and even bigger stars.
Source: CNET

MIT tells self-driving cars: Take me home, country road – Roadshow

Self-driving cars currently struggle with country roads, but not for long.
Source: CNET

Southeast Asia e-commerce startup iPrice raises $4M led by chat app Line’s VC arm

iPrice, a service that aggregates Southeast Asia’s e-commerce websites in a single destination, has pulled in new funding led by messaging app Line’s VC arm, Line Ventures.

The round is officially undisclosed, but TechCrunch understands from a source close to negotiations that it is worth around $4 million. Existing iPrice backers Cento Ventures (formerly known as Digital Media Partners) and Venturra Capital also took part in this round.

iPrice, which has its HQ in Malaysia, Kuala Lumpur, previously raised a $4 million Series A in late 2016. Today’s investment takes the startup to $9.7 million raised overall.

The company was started in 2015 in response to the growing number of e-commerce companies in Southeast Asia, and in particular the increasing number of vertical-specific options. Even though there are some giants, such as Alibaba’s Lazada, the region has a number of smaller players that can struggle for visibility. iPrice was initially a coupon site, before pivoting into an aggregation model which essentially acts as a destination for shoppers to then go on and purchase items from e-commerce retailers.

In a way, it is much like flight booking sites — such as Skyscanner — which ask a customer where they want to go before scouring the web for the best travel deals. iPrice does this for e-commerce in Southeast Asia. It hopes that simplifying things through a single destination portal can make it the go-to online buying site for the region, which now has over 330 million internet users — more than the population of the U.S. — according to a recent report co-authored by Google.

iPrice on the web, although its mobile app and mobile browser version are more used

Today, iPrice claims to offer over 500 million SKUs across Malaysia, Singapore, Indonesia, Philippines, Thailand, Vietnam, and Hong Kong. The company said that over 50 million people visited its site since December 2016, and this year alone it is aiming to grow to 150 million visitors.

The company said electronics has been a particular driver while, outside of working with e-commerce firms to drive business, it has developed a B2B business with media groups and brands, including Mediacorp in Singapore and Samsung in Indonesia, who pay to tailor its service. Last year, it developed an insightful report on the state of e-commerce in Southeast Asia.

The deal makes sense for Line Ventures because of the unique vantage point that iPrice occupies, while it also ties into parent company Line’s desire to go beyond being a messaging app and build out a mobile ecosystem. That’s seen it develop services such as food delivery, ride-hailing, payments and e-commerce, although it has struggled in the latter category. A relationship with iPrice might give it greater insight for future e-commerce ventures in Southeast Asia.


Source: TechCrunch

'Westworld' Recap, Season 2 Episode 3: Robot, Human, and Everything in Between

The rebellion engulfing the show’s theme parks is spreading—and leading to some existential questions about what is real.
Source: Wired

A man called Feliks Zemdegs smashed the Rubik's Cube world record – CNET

Most of us struggle to finish a single side, but it took Feliks Zemdegs 4.22 seconds to fully solve the Rubik’s cube. New world record!
Source: CNET

Golden Ventures has a new pot of new capital — $57 million — to invest largely in Canada

Golden Ventures, a seed-stage outfit with offices in Toronto and Waterloo, has closed it third and newest fund with $57.5 million ($72 million in Canadian dollars), up from the roughly $38 million ($50 million Canadian) that it raised for its second fund in 2014.

The firm — which invests roughly 60 percent of its capital across startups in Toronto, Kitchener, and Waterloo, and the remaining 40 percent across U.S. tech hubs like the Bay Area, New York and Boston — was originally founded in 2011 by Matt Golden, who’d previously been a partner with Blackberry Partners Fund.

Perhaps it’s no surprise then that Golden Ventures was initially focused on “mobile,” says Golden, though he says its early investments eventually led it to a lot of other business models, from SaaS to e-commerce to emerging technologies like AR and VR and even robotics.

In fact, the company has now invested in 42 companies across its three funds, including in Toronto-based Wattpad, an online story-sharing platform that recently raised $51 million in fresh funding led by Tencent Holdings; Toronto-based Ritual, whose app allows restaurant customers to order ahead for takeout food and counts Greylock Partners and Insight Venture Partners among its investors; and the Winnepeg-based food ordering company SkipTheDishes, which was acquired in late 2016 by bigger rival Just Eat, in the U.K.

As for the size of checks Golden Ventures is writing, Golden says first checks typically range from $500,000 to $1.2 million (in U.S. dollars), with reserves for follow-on rounds. He says this will remain the case even though the firm’s newest fund is about 45 percent bigger than its last one.

Golden also says that in exchange for the firm’s money, he and his colleagues expect between 5 and 15 percent ownership in a startup, depending on the “expected level of involvement, physical proximity to the company, and co-investor syndicate.”

Numerous U.S. firms see promise in what Golden Ventures is doing. Among its limited partners in the San Francisco-based fund of funds Cendana Capital, the Boston-based institutional investment firm HarbourVest, and the Boulder, Co., venture firm Foundry Group, which is pouring 25 percent of its current fund into other venture capital firms.

Foundry explained its interest in Golden this week by pointing to the strong startup community in the Toronto-to-Waterloo region, the presence of local universities like the University of Toronto and the University of Waterloo, and the local and regional government programs and accelerators that have been supporting local founders and, in the process, attracting international talent.

The last is especially probably attractive at time when other countries’ immigration policies, ahem, aren’t quite so favorable.

Pictured above: Golden Ventures’s team.


Source: TechCrunch

No map, no problem: MIT’s self-driving system takes on unpaved roads

Developed by researchers at MIT’s Computer Science and Artificial Intelligence Laboratory, the MapLite self-driving system is designed to successfully navigate unpaved roads by using basic GPS data and sensors technology.

The post No map, no problem: MIT’s self-driving system takes on unpaved roads appeared first on Digital Trends.


Source: Digital trends

This incredible Star Wars scene was made with LEGO – CNET

Watch this goddamn genius build a Star Destroyer out of LEGO.
Source: CNET

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