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Archivo del Autor: Belen De Leon

Man pleads guilty to scamming Facebook and Google out of more than $100M

One of the men behind an elaborate fraud that saw Facebook and Google each hand over tens of millions of dollars has admitted to his part in the scheme. Lithuanian Evaldas Rimasauskas faces up to 30 years in a U.S. jail.

The post Man pleads guilty to scamming Facebook and Google out of more than $100M appeared first on Digital Trends.


Source: Digital trends

Apple TV event recap: Everything you need to know video – CNET

Apple TV Plus, Apple News Plus, Apple Arcade, an Apple Card and all the new services Apple just announced at its March 25 event.
Source: CNET

Avengers Endgame runtime tops three hours, now we await ticket release – CNET

Plan to skip the gallon-sized Icee if you don’t want to miss a Marvel-ous minute.
Source: CNET

Apple TV+ makes Facebook Watch look like a joke

Apple flexed its wallet today in a way Facebook has been scared to do. Tech giants make money by the billions, not the millions, which should give them an easy way to break into premium video distribution: buy some must-see content. That’s the strategy I’ve been advocating for Facebook but that Apple actually took to heart. Tim Cook wrote lines of zeros on some checks, and suddenly Steven Spielberg, JJ Abrams, Reese Witherspoon, Jennifer Aniston, and Oprah became the well-known faces of Apple TV+.

Facebook Watch has…MTV’s The Real World? The other Olsen sister? Re-runs of Buffy The Vampire Slayer? Actually, Facebook Watch is dominated by the kind of low-quality viral video memes the social network announced it would kick out of its News Feed for wasting people’s time.

And so while Apple TV+ at least has a solid base camp from which to make the uphill climb to compete with Netflix, Facebook Watch feels like it’s tripping over its own feet.

Today, Apple gave a preview of its new video subscription service that will launch in fall offering unlimited access to old favorites and new exclusives for a monthly fee. Yet even without any screenshots or pricing info, Apple still got people excited by dangling its big-name content.

Spielberg is making short films out of the Amazing Stories anthology that inspired him as a child. Abrams is spinning a tale of a musician’s rise called Little Voice Witherspoon and Aniston star in The Morning Show about anchoring a news program. Oprah is bringing documentaries about workplace harassment and mental health. Apple even has the Seasame Street gang teaching kids how to code.

This tentpole tactic will see Apple try to draw users into a free trial of Apple TV+ with this must-see content and then convince them to stay. And a compelling, exclusive reason to watch is exactly what’s been missing from…Facebook Watch. Instead, it chose to fund a wide array of often unscripted reality and documentary shorts that never felt special or any better than what else was openly available on the Internet, let alone what you could get from a subscription. It now claims to have 75 million people Watching at least one minute per day, but it’s failed to spawn a zeitgeist moment. Even as Facebook has scrambled to add syndicated TV cult favorites like Firefly or soccer matches to free, ad-supported video service, it’s failed to sign on anything truly newsworthy.

That’s just not going to fly anymore. Tech has evolved past the days when media products could win just based on their design, theoretical virality, or the massive audiences they’re cross-promoted to. We’re anything but starved for things to watch or listen to. And if you want us to frequent one more app or sign up for one more subscription, you’ll need A-List talent that makes us take notice. Netflix has Stranger Things. HBO has Game Of Thrones. Amazon has the Marvelous Mrs. Maisel. Disney+ has…Marvel, Star Wars, and the princesses. And now Apple has the world’s top directors and actresses.

Video has become a battle of the rich. Apple didn’t pull any punches. Facebook will need to buy some new fighters if Watch is ever going to deserve a place in the ring.


Source: TechCrunch

HTC's new standalone Vive VR headset is twice the price of Oculus Quest – CNET

The Vive Focus Plus arrives April 15, for $799.
Source: CNET

Abundant’s apple harvesting robots get their first commercial deployment

We’ve been writing about Abundant Robotics for roughly three years at this point. Now the SRI spin out is finally ready for primetime. Abundant announced this week that New Zealand-based T&G Global will be using its robots to harvest apples.

Abundant says the news is part of a plan to be involved in year-round picking, by teaming with companies in both hemispheres, starting with this first deployment in New Zealand.

“Developing an automated apple harvester requires solving a number of complex technical problems in parallel, from visually identifying harvestable fruit and physically manipulating it to pick without bruising, to safely navigating the orchard itself,” Abundant CEO Dan Steere said in a press release tied to the announcement. “Our relationship with growers and access to real-world conditions on partner orchards through the development and testing process has been key to getting the technology to the point where it is now commercially viable.”

Abundant’s been piloting its technology on a smaller scale for a while now, but the T&G deal marks the company’s first commercial deployment. To date, the Bay Area based company has raised $12 million, including a $10 million Series A led by GV (Google Ventures) back in 2017. It’s a small but important start for robotic technologies that have the potential to revolutionize the way food is harvested around the globe. 


Source: TechCrunch

Avengers: Endgame looks like a three-hour bladder-buster, so make a plan – CNET

Kevin Feige, Marvel Studios president says, “We’re gonna release the movie at the exact right running time.”
Source: CNET

No Man’s Sky’s next update will let you explore infinite space in virtual reality

No Man’s Sky just figured out a way to make a wildly absorbing space exploration game even more immersive.

Announced during Sony’s first PlayStation State of Play update, No Man’s Sky devotees will soon be able to explore an endless procedurally generated universe in virtual reality. Hello Games’ Sean Murray followed Sony’s news with a bit more color on Twitter.

The VR update is part of No Man’s Sky Beyond, the development team’s latest extremely generous bundle of new content, doled out to existing players for free. No Man’s Sky’s virtual reality makeover will launch on PlayStation VR and Steam VR this summer.

The VR update will bring enhance the first-person perspective of the existing game, allowing players to steer a starship using their thruster, reach into a bag to fetch their multitool and wave to fellow players meandering around the vastness of space.

While we don’t know all of the details yet, that experience will dovetail nicely with the forthcoming feature cluster known as No Man’s Sky Online, “a radical new social and multiplayer experience” for the at times isolated space sim.

“No Man’s Sky Virtual Reality is not a separate mode, but the entire game brought to life in virtual reality,” Murray wrote in a blog post. According to Murray the update will offer “a true VR experience rather than a port.”

You can get a glimpse of how this will look in a teaser video, though since much of it depicts normal gameplay, there’s plenty of surprise still in store. Assuming the game runs well enough, No Man’s Sky Virtual Reality will be a far cry from gimmicky VR games that lack true depth, offering one of the most expansive — if not the most expansive — VR experiences to date.

No Man’s Sky fans should still keep an eye out — there’s one more mystery announcement left for the Beyond update, which is shaping up to make the No Man’s Sky world more epic than anyone who played the game at launch could ever have hoped for.

“By bringing full VR support, for free, to the millions of players already playing the game, No Man’s Sky will become perhaps the most-owned VR title when released,” Murray wrote.

“We are excited for that moment when millions of players will suddenly update and be able to set foot on their home planets and explore the intricate bases they have built in virtual reality for the first time.”


Source: TechCrunch

A look inside crypto firm Galaxy Digital, founded by “sidelined” Wall Street legend Mike Novogratz

Mike Novogratz, a former hedge fund manager who was once captain of Princeton’s college wrestling team, has been described as many things, including in just one New Yorker article in which he was featured last year.  An on-and-off-again billionaire. A sidelined Wall Street legend. “Bombastic.” “Full of shit.” A former party animal whose “lifestyle issues” led to his removal as a partner at Goldman Sachs back in 2000.

While Novogratz appears to be beloved by many friends, despite these qualities or perhaps because of them, he may be more notable as a risk-taker who has racked up big wins — and big losses — first at Goldman, then at Fortress Investments. Now, he’s trying to rebuild his fortune with his own merchant bank, Galaxy Digital, which describes itself as a “bridge between the crypto and institutional worlds,” and which is squarely focused on cryptocurrencies and the promise of new blockchain technologies. It may be a smashing success, but failure looks like an option again, too. At least, as of November, Galaxy had suffered at least $136 million in trading losses.

To better understand the firm and whether it has what it takes to stick around, we talked last week with Sam Englebart, a longtime media and tech investor who first began managing money for Novogratz’s family office and wound up cofounding Galaxy with him. Englebart  — who was visiting San Francisco from New York for the weeklong Game Developers Conference —  oversees the outfit’s principal investments business and the EOS.io Ecosystem Fund, a $325 million joint venture with Block.one that’s focused on making investments in projects that utilize the EOS.io blockchain software. We asked about Galaxy’s taxing 2018 and how Englebart, Novogratz, and the rest of their 75-person team can produce the returns they expect to see. Our chat has been edited lightly for length.

TC: For our readers who aren’t familiar with Galaxy Digital, what’s the elevator pitch? 

SE: It’s an investment bank with a balance sheet to invest. We invest in everything blockchain and crypto related and in the future of tech broadly. We have two pools of capital: our balance sheet, and we’re also publicly traded in Toronto [having executed a reverse merger with a shell company on the exchange].  We’ve invested several hundred million dollars already in blockchain and crypto investments and tokens.

TC: One of the things you oversee is a venture fund that counts Block.one as the only limited partner other than Galaxy. Block.one is developing a blockchain-based infrastructure software, is that right?

SE: It’s an evolution of bitcoin and ethereum; it’s another blockchain protocol that allows [developers] to build applications atop it that are decentralized. Block.one did a token sale and had enormous success, raising $4 billion dollars. And having raised all this money for the development of their protocol, they wanted to allocate some of it back to professional VCs who could then invest in way that’s beneficial to [its own] ecosystem, so they committed $1 billion to partner VC funds. Well, they’re managing $400 million themselves, and $600 million is being managed by five partner funds, of which we’re managing $300 million. [The funds] are all geographically diverse. We’re the largest and cover North America.

TC: And you kicked in $25 million to have some skin in the game. Do you co-invest in anything with the other partner funds or share deal flow in any way? Also, does Block.one have to sign off on what you want to fund?

SE: Generally speaking, we’re trying to stay somewhat close to our geography, but if we see a great deal in Asia, we might share it with [former Jefferies Asia CEO Michael Alexander, the fund manager there] and take a share. And ours is ultimately a fund managed by Galaxy. We work closely and collaboratively with [Block.one] but they aren’t technically on our investment committee.

TC: What other products does Galaxy have?

SE: We’re also in the process of raising a credit and special opportunities fund to make structured credit investments in the space. We have an index fund. It’s a portfolio of investment products. Galaxy Digital more broadly has an investment business, a trading business — Mike is best-known for and been a macro trader and is now trading around crypto tokens and liquid products — and then and advisory business, too. We’re a registered broker-dealer doing M&A advisory, increasingly focusing on what we think will be opportunities as startups begin to [consolidate their efforts], and also doing traditional capital raising for startups and later-stage companies.

TC: Of those, which is your biggest business?

SE: Our investment business is our biggest business by far. Our trading business is growing quickly, even through a downturn in the market, though it’s really taking the longest to stand up as any trading business would. Our advisory business is [the most nascent].

TC: Galaxy found a way to go public back in August. Why was that important to the firm to do?

SE: If we’d just wanted to be a venture business, we didn’t need to go public. But we’re in this phase where institutional investors are going to want and need exposure to blockchain [investments] and crypto, while at the same time, it’s going to be a while before they feel comfortable buying these assets directly. Things are changing. Andreessen Horowitz has a [crypto] fund. [Former Sequoia Capital partner] Matt Huang has a fund now.  They’re credible investors. But change takes time. And in terms of custody and insurance and CYA-type stuff, we felt having a public currency was the easiest way for investors to do it who don’t want to lock up their capital in a fund but who want to bet broadly across the space.

Not much of [Galaxy Digital] is floated. We think that as we prove out what we’re building [that will change].

TC: Is it safe to say that last year was pretty brutal, especially given that the firm officially opened its doors last January?

SE: Oh, yeah, definitely, though it was a somewhat predictable selloff from in hindsight. I don’t care what the asset class it is — when things go up with that kind of velocity, they tend to come down with equal momentum. People got very excited. What’s unique about crypto and blockchain relative to other retail [offerings is that it’s] possible for the average person to buy into the frenzy. The development of other tech has involved professional investors taking risk in a calculated manner, but suddenly, [crypto] was available to everyone. And it was the evolution of crowdfunding and social media and information spreads fast, and when the message is that you can get rich fast, people are going to go for it.

Presumably, many retail investors who got in got out, along with people who’d been in the space a while and took their profits. So things were never as good or as bad as they seemed. Despite the ‘crypto winter,’ companies have been [at work] and a lot of the hype is turning into actual working technology.

TC: So no more frenzies or bubbles?

SE: We’ll definitely see more as this technology continues to develop. We’re still a ways away from it being the seamless technology we enjoy with the web. But it’s probably not all that different from what we lived through the last time around, where a few companies become massively important and a lot of them don’t.

TC: How do you rate SEC chief Jay Clayton? Are you in favor of the SEC regulating more of this new world?

SE: Yes, for sure. Fair, researched, smart regulation is absolutely what an industry like this needs, along with making sure that people understand there will be standards in terms of behavior and business practices that every industry needs. I think the more reasonable regulation we have, the better everyone will be.

TC: Is there a country whose regulations or approach you’d like the U.S. to adopt?

SE: There isn’t one particular place where I think, The U.S. should do this. We’re our own unique country, with our own issues and problems and benefits. I do [hope that] in an increasingly global world, we don’t over-regulate ourselves to the point of people building technology elsewhere. There’s a lot at stake.

TC: What has you most excited right now about the deals you’re seeing?

SE: Video games and digital objects are one of the reasons I’m excited. Many will integrate blockchain technology in important ways that will matter this year, and, by the way, I don’t think we’re many years away from web 3.0 and the decentralized internet from being ubiquitous in the same way that we’d be shocked today if we encountered a business that had no exposure to the internet.

TC: What applications are close?

SE: The trickiest thing is to remember [not to expect an] old medium with a new tech thing stuck on it. The reason there’s been so much talk about blockchain and video games, for example, is because the [gaming] world is made up of digital objects. Meanwhile, people have recognized that the blockchain allows you to create truly scarce digital objects that someone can truly own and trade as they as they would a physical object. With respect to gaming, that means you can truly start to own the digital objects you are [using in gaming] across games or, if you’re a collector of certain physical objects, how you collect them will become gamified in digital ways.

TC: Meaning . . .

Consider that owning something is really about status. You show your friends, you achieve the status of owning that thing, then you either put it in your closet or trade it for money. In the digital world, you don’t have to go through the process of dealing with that physical object that has to be stored or else packed and shipped to someone else. There’s a startup for example, VIRL, that buys custom shoes, then digitizes them using a volumetric camera system that turns them into a 3D object that you can see on your phone and authenticate as being one of say, only 10 copies. These digital sneakers — these non-fungible tokens — can then remain in the collector’s inventory or be made tradable through an exchange. And it just takes a second. You can have your item instantly.

The lines between commerce and gaming and trading grow more blurred by the day.

TC: What’s your driving thesis?

SE: That the digital world will be no different than the physical world as we invest more and more time in digital worlds and our digital identity. Included in that is the inventory of stuff we own. We’re going to demand that no one can take that away from us.

Above: Mike Novogratz speaks during the 2018 Yahoo Finance All Markets Summit at The Times Center on September 20, 2018 in New York City.


Source: TechCrunch

Apple spent its whole event subtweeting Facebook and Google – CNET

Commentary: The iPhone maker appears to diss rivals as it talks up its commitment to privacy.
Source: CNET

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