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Archivo del Autor: Belen De Leon

China’s fast-growing Starbucks competitor Luckin Coffee just filed to go public on the Nasdaq

China’s Luckin Coffee has registered plans with the SEC to go public on the Nasdaq, setting a placeholder amount of $100 million, shows its filing.

The development comes less than a week after the 18-month-old company announced $150 million in Series B “plus” funding led by the private equity firm Blackrock, which pumped $125 million into the company in a deal that values Luckin at $2.9 billion.

As TechCrunch reported last Wednesday, Blackrock also owns a nearly 7 percent stake in Starbucks, the nearly 50-year-old American coffee company that has taken over the world and now finds itself in a knock-down-drag-out battle with the Beijing-based upstart.

It’s hard to blame Blackstone — which has itself raised $126 billion(!) over the last 12 months — for hedging its bets. While Starbucks now enjoys a market cap of nearly $94 billion, and its stock has more than doubled over the last five years to a current $76 per share, Luckin has been growing like gangbusters, fueled by the more than $550 million it has raised to date, including a $200 million Series A round that it closed last July, and a $200 million Series B round that it announced in December.

Indeed, while Starbucks has opened up 3,600 stores across 150 cities in China since first emerging on the scene 20 years ago, Luckin has already opened up 2,000 outlets, including prep kitchens, pick-up stations, and, across 22 cities. More amazing, or crazy, depending on your view, Luckin plans to more than double that number by the end of this year. Starbucks has meanwhile announced plans to double the number of stores it has in China over the next five years.

In addition to Blackrock, others of Luckin’s backers include Joy Capital, GIC, Legend Capital, Dazheng Capital, and Centurium Capital.


Source: TechCrunch

Tesla’s full self-driving computer is now in all new cars and a next-gen chip is already ‘halfway done’

The Tesla computer, a new custom chip designed to enable full self-driving capabilities, is now in all new Model 3, X and S vehicles, CEO Elon Musk said during the company’s Autonomy Day.

Tesla switched over from Nvidia’s Drive platform to its own custom chip for the Model S and X about a month ago and for the Model 3 about 10 days ago, Musk said.

“All cars being produced all have the hardware necessary — computer and otherwise — for full self-driving,” Musk said. “All you need to do is improve the software.”

Work is also already underway on a next-generation chip, Musk added. The design of this current chip was completed “maybe one and half, two years ago.” Tesla is now about halfway through the design of the next-generation chip.

Musk wanted to focus the talk on the current chip, but he later added that the next-generation one would be “three times better” than the current system and was about two years away.

The software caveat about full self-driving is an important one. Tesla vehicles are not considered fully autonomous, or Level 4, a designation by SAE that means the car can handle all aspects of driving in certain conditions without human intervention.

Instead, Tesla vehicles are “Level 2,” a more advanced driver assistance system than most other vehicles on the road today. Musk has promised that the advanced driver assistance capabilities on Tesla vehicles will continue to improve until eventually reaching that full automation high-water mark.

Tesla offers two different advanced driver assistance packages to customers: Autopilot and Full Self-Driving. Autopilot is ADAS that offers a combination of adaptive cruise control and lane steering and is now a standard feature on new cars. The price of vehicles has been adjusted higher to reflect the addition of Autopilot as a standard feature.

Full Self-Driving, or FSD, costs an additional $5,000. (And, to be clear, vehicles are not full self-driving driving.) FSD includes Summon as well as Navigate on Autopilot, an active guidance system that navigates a car from a highway on-ramp to off-ramp, including interchanges and making lane changes. Once drivers enter a destination into the navigation system, they can enable “Navigate on Autopilot” for that trip.


Source: TechCrunch

“Anyone relying on LIDAR is doomed,” Elon Musk says

Today at Tesla’s first Autonomy Day event, Elon Musk took questions from the press but didn’t have time for questions about Lidar. Historically, he’s been vocal about the technology, and this time he put it as clear as he could. 

“LIDAR is a fool’s errand,” Elon Musk said. “Anyone relying on LIDAR is doomed. Doomed! [They are] expensive sensors that are unnecessary. It’s like having a whole bunch of expensive appendices. Like, one appendix is bad, well now you have a whole bunch of them, it’s ridiculous, you’ll see.”

The topic was brought up by a question about if Tesla’s just-revealed self-driving hardware could handle input from LIDAR. Tesla’s vehicle’s currently uses several sources of data to acquire autonomous driving: radar, GPS, maps, ultrasonic sensors and more. But not LIDAR like some of Tesla’s chief competitors. Elon Musk previously explained that he views LIDAR as a crutch for self-driving vehicles. For Tesla, cameras are the keys to the future and its CEO sees a future when cameras will enable Tesla to see through the most adverse weather situations.

Andrej Karparthy, Senior Director of AI, took the stage and explained that the world is built for visual recognition. LIDAR systems, he said, have a hard time deciphering between a plastic bag and a rubber tire. Large scale neural network training and visual recognition are necessary for Level 4 and Level 5 autonomy, he said.

“In that sense, LIDAR is really a shortcut,” Karparthy said. “It sidesteps the fundamental problems, the important problem of visual recognition, that is necessary for autonomy. It gives a false sense of progress, and is ultimately a crutch. It does give, like, really fast demos!”

Uber, Waymo, Cruise and several others use the technology in their self-driving technology stack. As proponents of the technology, they point to LIDAR’s ability to see through challenging weather and light conditions better than existing cameras. They’re expensive. And often hungry for power. That’s where Tesla’s solution around cameras comes in.

The company today detailed its current generation self-driving computer that works with all existing Tesla vehicles. Once the software is ready, it will enable all Teslas to drive autonomously with their existing sensor set — at least that’s what the company says — and that sensor set doesn’t include LIDAR. Instead, the sensors inside Tesla vehicles lean on a neural network that’s trained by data collected by all Tesla vehicles.

“Everyone’s training the network all the time,” Musk said. “Whether autopilot is on or off, the network is being trained. Every mile that’s driven for the car that’s hardware 2 or above is training the network.”

The resulting data is kind of scary, Musk mused later in the press conference. But presumably not as scary as relying on LIDAR.


Source: TechCrunch

Streaming TV service Philo gets a little more expensive

As the internet TV services have matured, their pricing has as well. The majority have raised their price points — some have even done so multiple times. Today, Philo is following suit…but only by a little. The streaming TV service has been one of the cheapest on the market, with an entry-level plan that began at only $16 per month for 45 channels. Now, it’s doing away with this super low-cost plan, and will only offer the existing $20 per month plan instead.

The $20 per month plan has offered 58 channels, as an upgrade from the basic plan with cable TV favorites. The upgrade adds on a few more networks, like MTV Live, BET Her, Nicktoons, Logo, Cooking Channel, Destination America, Discovery Family Channel, Discovery Life Channel, and others. These, arguably, aren’t all “must-haves” — and likely, few of its subscribers chose to the higher priced package.

The company declined to say how many customers it has, or the percentage of customers who had subscribed to its $16 and $20 plans.

With the price changes that go live on May 6, 2019, all new Philo customers will only have the option to sign up for the $20 per month page.

Existing subscribers will be grandfathered into the current pricing, however. They’ll also still be able to move back and forth between the two current plans, even after the May 6 deadline (so long as their subscription doesn’t lapse.)

Company CEO Andrew McCollum explained the move as needed to keep up with the times — and to address the rising operating costs Philo faces — in a statement posted to the company website.

“At Philo, we care deeply about creating the best TV experience possible at an affordable price. …Consolidating into a single $20 package was the best way for us to maintain the same offering we have today without raising prices for everyone, or having to cut back in places we strive to excel, like our customer support,” he said.

The 18-month old company is one of the few that hadn’t yet rolled out a price increase.

Hulu raised prices for its Live TV service in January, and YouTube TV just did so again just a couple of weeks ago. Sling TV, DirecTV Now, and PlayStation Vue have all seen price hikes, too. And in the subscription video on demand market, Netflix has been creeping ever higher, as well.

With new video services from Disney, Apple and WarnerMedia set to arrive this year, some consumers will be looking to shift funds around to afford their new subscriptions. Philo could benefit if subscribers drop higher-priced services in order to save money.

Despite the slight price bump, Philo still remains a low-cost option because it strategically opted to not stream sports. That allowed it to pass along the cost savings along to customers who could watch sports in other ways (or who didn’t care to watch sports at all.)

The company today caters to a younger demographic and has been developing a co-viewing, social feature to differentiate itself further. This feature is now in internal testing, the company said this month.


Source: TechCrunch

Apple Pay no longer accepted at JCPenney – CNET

This affects both the physical stores and the JCPenney app.
Source: CNET

Notre Dame Cathedral fire: What caused it and what happens next – CNET

Officials speculate that a possible electrical short-circuit is responsible for the fire, in tandem with the cathedral’s lack of fire-prevention safeguards.
Source: CNET

The new new web

Over the last five years, almost everything about web development has changed. Oh, the old tech still works, your WordPress and Ruby On Rails sites still function just fine — but they’re increasingly being supplanted by radical new approaches. The contents of your browser are being sliced, diced, rendered, and processed in wholly new ways nowadays, and the state of art is currently in serious flux. What follows is a brief tour of what I like to call the New New Web:

Table of Contents

  1. Single-Page Apps
  2. Headless CMSes
  3. Static Site Generators
  4. The JAMStack
  5. Hosting and Serverlessness
  6. Summary

1. Single-Page Apps

These have become so much the norm — our web projects at HappyFunCorp are almost always single-page apps nowadays — that it’s easy to forget how new and radical they were when they first emerged, in the days of jQuery running in pages dynamically built from templates on the server.


Source: TechCrunch

Galaxy Fold delay a setback for Samsung, but it's no Note 7 debacle – CNET

Commentary: It could’ve been so much worse.
Source: CNET

Samsung Delays the Release of Its Galaxy Fold Smartphone

The smartphone giant has delayed the release of the Samsung Galaxy Fold after early review units of the folding smartphone began malfunctioning.
Source: Wired

Galaxy Fold screens are breaking and there's a delay: Everything you need to know – CNET

The Galaxy Fold’s problems are mounting. Here’s everything that’s going on.
Source: CNET

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