Monday, June 17, 2019
Samsung Galaxy M40 to Go on Sale in India Today at 12 Noon
India asks WhatsApp to fingerprint messages to ensure traceability
Meeting the in-laws is murder for new bride in horror comedy Ready or Not
Samara Weaving plays a new bride who must survive a deadly game of hide-and-seek in the horror/comedy Ready or Not.
A young bride's idealized wedding night takes a deadly turn when her eccentric new in-laws insist that playing a game at midnight is a family tradition in the red-band trailer for Ready or Not, a forthcoming comic horror film from Fox Searchlight. Per io9, "It's kind of The Purge meets every newlywed-themed gothic horror movie ever (Rebecca, Crimson Peak) but with a pitch-black sense of humor." That sounds like a winning combination.
Grace (Samara Weaving) can't believe her good fortune when she falls in love with Alex Le Domas (Mark O'Brien), a member of a wealthy gaming dynasty—although the family prefers the term "dominion." After a picture-perfect wedding on the family estate, Alex informs her that there's just one more formality to be observed: "At midnight, you have to play a game. It's just something we do when someone joins the family."
That game turns out to be hide-and-seek, except Grace soon discovers that, as played by the Le Domas family, it has less in common with an innocent children's pastime and more with the classic 1924 short story "The Most Dangerous Game." Grace is the prey, and she must elude detection until dawn to avoid being killed in a bizarre ritual sacrifice.
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Analysis: 50K+ US license plate numbers leaked in CBP subcontractor breach reported last week; CBP says the subcontractor was not authorized to keep the info (CNN)
Analysis: 50K+ US license plate numbers leaked in CBP subcontractor breach reported last week; CBP says the subcontractor was not authorized to keep the info — New York (CNN)At least 50,000 American license plate numbers have been made available on the dark web after a company hired …
Apple adds support for Picture in Picture to tvOS 13 beta 2, letting Apple TV users leave the currently playing video in a thumbnail while navigating the OS (Benjamin Mayo/9to5Mac)
Apple adds support for Picture in Picture to tvOS 13 beta 2, letting Apple TV users leave the currently playing video in a thumbnail while navigating the OS — Although strangely not mentioned in Apple's WWDC keynote, tvOS 13 beta 2 has a nice surprise: support for Picture-in-Picture video playback.
Apple TV is getting a Picture-in-Picture mode so you can watch two shows at once
Apple TV is getting a Picture-in-Picture mode that will allow users to stream two shows at the same time, TechCrunch has confirmed. The feature’s forthcoming launch was first reported by Apple news site 9to5Mac earlier today, following today’s release of new beta software for all of Apple’s operating systems, including tvOS.
After installing tvOS beta 2, Twitter user Nikolaj Hansen-Turton noticed a new option — the ability to play content in a smaller window in the bottom-right of the screen, overlaid on top of the main Apple TV interface. Or, simply put, it’s a Picture-in-Picture mode. (See tweets below).
Several publications soon ran the news.
But what wasn’t clear at the time was whether this was just a minimized video player window or a true Picture-in-Picture experience. The tweeted photo and video, after all, seemed to show a static background on the main screen — not two programs playing simultaneously. However, we understand that Apple TV will support the ability to stream two shows at once.
There are some caveats, though.
Picture-in-Picture support will only be available for content provided by Apple. That includes content purchased through iTunes, TV shows and movies streamed the Apple TV+ subscription service launching later this year, and videos streamed through Apple TV Channels.
Channels, which arrived with the updated TV app in May, lets users subscribe to premium add-ons including HBO, Starz, Showtime, EPIX, Tastemade, Smithsonian Channel and others. The idea is similar to the premium subscriptions available through Amazon’s Prime Video Channels or the more recently added subscriptions offered through Roku’s streaming hub, The Roku Channel.
To be clear, that means if you subscribe to HBO through Apple’s Channels, you will be able to watch HBO in Picture-in-Picture mode when the new version of tvOS ships to the public later this fall. But if you subscribe to HBO through the HBONOW.com website and then watch via the third-party HBO NOW app, you won’t be able to use Picture-in-Picture mode.
Apple intends to expand its catalog of premium subscriptions in time, which will make it possible to view more programming in the Picture-in-Picture mode in the future.
Apple hasn’t yet announced plans for third-party developer tools that would allow them to customize their own apps to support Picture-in-Picture mode. If those aren’t immediately available, it gives Apple TV owners a compelling reason to subscribe to premium programming through Apple TV Channels, instead of through a third-party website or app. (Which would be a nice perk for Apple’s TV platform revenue, as well.)
Support for Picture-in-Picture mode wasn’t announced earlier this month at Apple’s Worldwide Developer Conference where the company previews its upcoming software releases, which made today’s reveal a pleasant surprise for Apple TV fans.
Picture-in-Picture mode will be supported on both Apple TV 4K and Apple TV HD, we understand.
VC Lior Susan has a big idea that seems to be working: building next-generation industrial companies
Many investors in Silicon Valley are waiting the next big platform. That’s fine with Lior Susan, a former Flex exec who in 2015 cofounded Eclipse Ventures with the legendary venture capitalist Pierre Lamond, long of Sequoia Capital.
The duo, along with a team that has now grown to 13 people — happen to think the Next Big Thing is not whatever comes after social networks and flying cars; they think the biggest opportunities that too few VCs recognize is the chance to augment or else build from scratch the next Honeywell or GE Johnson & Johnson through full tech stacks that enable speed and efficiencies that are hard for incumbents to rival.
As Susan likes to note, pointing to the runaway success of companies like Apple and Amazon that do it all, “Software is not enough.” He’s also quick to point out that the average tenure of the biggest U.S. companies — those on the S&P 500 — was 33 years back in 1965 and soon, it’s expected to shrink to 14 years.
Certainly, Eclipse is putting its money where its mouth is. It has already helped to create and fund one company — Bright Machines — which primarily develops software for robotic systems that manufacturing companies already have in place, and that Eclipse enticed numerous Autodesk executives to lead.
Now Eclipse, which also makes early-stage bets on startups, is working on creating another company. And Susan suggests that more companies will follow.
It’s an ambitious strategy. But because investors seemingly approve — committing $500 million to Eclipse’s third fund earlier this year (up from its second, $185 million fund) — we sat down with Susan recently to learn more about both who he is and what Eclipse is trying to do. Our chat has been edited lightly for length.
TC: You grew up in Israel on a kibbutz. How do you think that shaped you?
LS: I grew up in a family of four — three boys and a girl. I grew up on the north part of the country, on farmland, growing bananas. My grandfather was one of the early establishers of the [Israel Defense Forces] so I thought i was going to be a soldier all my life. I didn’t think I needed to go to high school. And I joined the military in 2000 and was in the special forces until 2008.
After that, my brother and I started a networking company, Intucecell. He was always more of a brain than me, to be honest, but from an early age, I was very curious about mechanical systems, and he was always curious about software, and we started Intucell in 2008, raised $5 million from Bessemer [Venture Partners] in 2009, and we sold the company to Cisco in 2012 for $475 million.
It’s funny, because we grew up in this community where no one has a bank account, it’s all about sharing. Maybe because we were raised in a very socialism pathway environment, we became the other extreme as adults.
TC: How did you wind up in Silicon Valley?
LS: They didn’t need me [at Cisco] because he was the brains, so I thought I’d come to Silicon Valley for three months and I wound up randomly meeting Mike McNamara, who at the time was the CEO of Flextronics. I had a little man crush [right away]. I was like, damn, I can learn a lot from this guy. He told me [Flex, as the company has been rebranded] needed someone to build a special operations tech team inside of the Flex. I was thinking I might go kite surfing in Brazil. Working in an American corporation didn’t sound like the right thing to me. But we liked each other and so I [joined the company].
TC: What was that like? What were you focused on?
LS: For the first 10 months, I actually moved to Zhuhai, China, where one of the main facilities of Flex was [situated], and there I saw firsthand high manufacturing at scale. And the interesting thing, what got me thinking about [the path that led to Eclipse] is that Flex had 12 segments: aerospace, automotive, consumer, yadda yadda. And each of them will do more than a billion dollars [a year in revenue]. And I would see them talking about how their industries are changing because of software. I mean, the language was identical across these very different markets. And I started to understand that three or four decades of technology innovation were coming together to create what we now call full stack, so networking and clouds for infrastructure and open source and DevOps tools and open source hardware and supply chain and manufacturing — they were coming together.
I thought, if those [big] companies could use those tools, could small companies use those tools and essentially accelerate and go faster? So I started building those companies inside Flex, inside this division. And surprisingly enough, I saw it was doable, that the cost of capital is going down and you actually can move much faster.
TC: What were some of those companies?
LS: One is Elementum, a supply chain management company that has now raised close to $200 million. Another is Bright Machines, which is actually in our [Eclipse] portfolio now. We had six companies when I left.
TC: Were these funded solely by Flex at the outset?
LS: Flex was 100 percent funding the companies at the beginning — and giving them resources and connections and customers — and we’d either spin out the company and get outside capital, or just keep it internal.
TC: Why leave that role to start a venture firm?
LS: I was living in Palo Alto and started having investor friends and was making some angel investments, and I saw most of my friends just looking for the next dating apps. I was like, ‘What about supply chain stuff?’ but they wanted easy stuff that explodes very fast.
So between seeing what I did at Flex and realizing that few investors were interested in this opportunity, I decided to do something. My original idea was to take $10 million of our own [family] money and be a kind of super angel. But when I told Mike [McNamara], ‘I’m going to leave’ and ‘Thank you very much, I learned a lot,’ he said, ‘Hey, do a fund.’ And we launched and started investing and we saw the size of the market that we had in mind was growing fast. [Editor’s note: After spending 12 years as CEO of Flex, McNamara joined Eclipse four months ago as a partner, along with Sanjay Jha, who was most recently the CEO of Global Foundries and was both CEO and co-CEO of Motorola Mobility before that.]
TC: You have an interesting team. Among others, you have McNamara and Jha. You also last year brought aboard Greg Reichow, who was previously Tesla’s VP of production. These are not necessarily the usual suspects when it comes to people joining VC. Does Eclipse operate like a traditional venture firm?
LS: Our style of investment is slightly different than other people; we maybe look more like private equity than venture, including that we’re very involved; we do nine to 10 deals a year with eight partners. We also aim for a much higher ownership than firms usually have and our heavy operational backgrounds is our tool to win those deals. We have some idea of what a complex operation looks like, even while we’re investing in industries to which we didn’t have exposure before, like health care and real estate — places where we didn’t expect to invest but that are being impacted by the same paradigm shift.
TC: How did the Bright Machines deal work? The startup started as an internal project at Flex, so do you co-own it with the company?
LS: It started internally at Flex. There were 400 poeple working on it internally, and I went to [Flex management and its board] and I said, ‘I want the team.’ Flex said, ‘Absolutely no.’ But I went back with a better argument why they should, including that they needed to hire talent that wasn’t going to come to work for Flex, and that the company could be worth $5 billion, $7 billion some day. And after 12 months, we carved out the company, with its [intellectual property] and the $350 million in contracts it had, and we created a new company, and we own 20 percent, Flex owns 28 percent, and the team owns the rest. And it’s on a $100 million annual revenue run rate already in less than a year as an independent company.
TC: What do you see happening with Bright Machines?
LS: it will go public, I’d guess in sub five years. The model is pretty compelling if you’re doing it right.
TC: How does the deal underscore your broader thesis?
LS: Think of it this way. It’s really hard for me to compete with LinkedIn, LinkedIn has very smart people. For me to compete with Honeywell or Dupont or Rockwell . . . I’m not saying they aren’t smart, but they have a different mindset. There are many companies that Silicon Valley has never heard of but are $17 billion market cap companies with little to no technology. So if we now have the talent internally, we can use the talent to create these platform companies. In fact, we’re building our second one, though I can’t share more just yet.
TC: So Eclipse is an investment firm and an incubator.
LS: We debating this name constantly, but we aren’t an incubator.
My two cents is that public equities are getting destroyed, so limited partners want to go into private markets. Some of the hedge funds like Coatue understand this, and they’ve created vehicles to [invest in private companies]. But in the private equity world, a fund that manages $400 billion and used to buy assets with financial engineering [meaning debt] is [not wringing the same kind of returns out of these bets]. If you’re buying Avis, you’re going to lose your shit because people are using Uber.
What’s happening for the first time in the last two decades is that someone made the music to start, so there’s musical chairs where there were none empty before. It was always the same five or six firms winning the best deals, and that was about it. Someone like us had no chance to grab a chair — no freakin’ chance. But public equity dollars started showing up SoftBank style, and now they are reacting. And you learn that when you react in the military, you jeopardize the house. You go outside of your discipline, and you go outside of your comfort zone, and I’m attacking the chair. I wonder if I can sit.
Cloudflare announces The League of Entropy, a project that provides public random numbers using eight independent, globally distributed randomness beacons (Dina Kozlov/The Cloudflare Blog)
Cloudflare announces The League of Entropy, a project that provides public random numbers using eight independent, globally distributed randomness beacons — To kick-off Crypto Week 2019, we are really excited to announce a new solution to a long-standing problem in cryptography.
Sunday, June 16, 2019
TikTok Suicide, PUBG Death: Here's How to Fight Digital Addiction
Flipkart Mobiles Bonanza Sale Kicks Off With Offers on These Mobile Phones
Huawei P30 Pro Variants With 6GB, 12GB RAM Spotted on TENAA
Shah Rukh Khan to Voice Mufasa in The Lion King Hindi Dub
Intel Launches Ignite Project to Help Israeli Tech Startups
How a 'Moon Rock Hunter' Is Tracking Down Apollo Lunar Souvenirs
MediaTek says it has started to use Intel Foundry's advanced chip packaging in addition to TSMC's, as the mobile chip designer bets on AI demand for growth (Cheng Ting-Fang/Nikkei Asia)
Cheng Ting-Fang / Nikkei Asia : MediaTek says it has started to use Intel Foundry's advanced chip packaging in addition to TSMC's...
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Sohee Kim / Bloomberg : South Korean authorities are investigating a data leak at e-commerce giant Coupang that exposed ~33.7M accounts; ...
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The first project we remember working on together was drawing scenes from the picture books that our mom brought with her when she immigrate...
