Tuesday, January 7, 2020
NASA Finds Earth-Sized Potentially Habitable Planet 100 Light Years Away
Google's Project Zero is trailing a new policy under which all vulnerabilities will be publicly disclosed after 90 days, irrespective of when the bug is fixed (Abner Li/9to5Google)
Google's Project Zero is trailing a new policy under which all vulnerabilities will be publicly disclosed after 90 days, irrespective of when the bug is fixed — Project Zero is widely regarded for finding major vulnerabilities, but criticized by industry peers for their relatively fast disclosure times.
IBPS SO Result 2020 – Prelims Result Released
Apple exec explains privacy protections while Facebook leader looks for loopholes
Delhi Election 2020: Here’s how to change address on voter ID card online and vote
Vecna Robotics, provider of self-driving forklifts for warehouses and AI-powered workflow software, raises $50M Series B, bringing total funding to over $60M (Kyle Wiggers/VentureBeat)
Vecna Robotics, provider of self-driving forklifts for warehouses and AI-powered workflow software, raises $50M Series B, bringing total funding to over $60M — The warehouse robotics market is on the upswing. In point of fact, analysts at Allied Market Research anticipate it'll reach $5.186 billion …
Alibaba undercuts Amazon in Europe to woo wary brands
At $2.6 billion, investments in Fintech doubled in 2019
Export sops cut: Handset makers to put investment, hiring on hold
PayPal's $4B Honey acquisition is a bet on the affiliate model and loyalty programs, as it aims to control the starting point of a transaction alongside payment (Mike Jaconi/Business Insider)
PayPal's $4B Honey acquisition is a bet on the affiliate model and loyalty programs, as it aims to control the starting point of a transaction alongside payment — The affiliate industry has long been seen as a thing of the past, but its business model, where businesses are paid for driving transactions …
Telegram says it will not integrate TON Blockchain and a Gram cryptocurrency wallet into its messenger app for now (Anna Baydakova/CoinDesk)
Telegram says it will not integrate TON Blockchain and a Gram cryptocurrency wallet into its messenger app for now — Telegram will not integrate a crypto wallet into its messaging app, at least until it gets the green light from U.S. regulators, the company said Monday on its official website.
Impossible adds ‘ground pork’ and ‘sausages’ to its lineup of plant-based foods
Impossible Foods made huge waves in the food industry when it came up with a way of isolating and using “heme” molecules from plants to mimic the blood found in animal meat (also comprised of heme), bringing a new depth of flavor to its vegetarian burger.
This week at CES, the company is presenting the next act in its mission to get the average consumer to switch to more sustainable, plant-based proteins: it unveiled its version of pork — specifically ground pork, which will be sold as a basic building block for cooking as well as in sausage form. It’s a critical step, given that pork is the most-eaten animal product in the world.
Impossible has set up shop in CES’s outdoor area, situated near a line of food trucks, and it will be cooking food for whoever wants to come by. (I tasted a selection of items made from the new product — a steamed bun, a meatball, some noodles and a lettuce wrap — and the resemblance is uncanny, and not bad at all.) And after today, the new product will be making its way first to selected Burger King restaurants in the US before appearing elsewhere.
It may sound a little far-fetched to see a food startup exhibiting and launching new products at a consumer electronics show, attended by 200,000 visitors who will likely by outnumbered by the number of TVs, computers, phones, and other electronic devices on display. Indeed, Impossible is the only food exhibitor this year.
But if you ask Pat Brown, the CEO and founder of Impossible Foods (pictured right, at the sunny CES stand in the cold wearing a hat), the company is in precisely the right place.
“To me it’s very natural to be at CES,” he said in an interview this week at the show. “The food system is the most important technology on earth. It is absolutely a technology, and an incredibly important one, even if it doesn’t get recognised as such. The use of animals as a food technology is the most destructive on earth. And when Impossible was founded, it was to address that issue. We recognised it as a technology problem.”
That is also how Impossible has positioned itself as a startup. Its emergence (it was founded 2011) dovetailed with an interesting shift in the world of tech. The number of startups were booming, fuelled by VC money and a boom in smartphones and broadband. At the same time, we were starting to see a new kind of startup emerging built on technology but disrupting a wide range of areas not traditionally associated with technology. Technology VCs, looking for more opportunities (and needing to invest increasingly larger funds), were opening themselves up to consider more of the latter opportunities.
Impossible has seized the moment. It has raised around $777 million to date from a list of investors more commonly associated with tech companies — they include Khosla, Temasek, Horizons Ventures, GV, and a host of celebrities — and Impossible is now estimated to be valued at around $4 billion. Brown told me it is currently more than doubling revenues annually.
With his roots in academia, the idea of Brown (who has also done groundbreaking work in HIV research) founding and running a business is perhaps as left-field a development as a food company making the leap from commodity or packaged good business to tech. Before Impossible, Brown said that he had “zero interest” in becoming an entrepreneur: the bug that has bitten so many others at Stanford (where he was working prior to founding Impossible) had not bitten him.
“I had an awesome job where I followed my curiosity, working on problems that I found interesting and important with great colleagues,” he said.
That changed when he began to realise the scale of the problem resulting from the meat industry, which has led to a well-catalogued list of health, economic and environmental impacts (including increased greenhouse gas emissions and the removal of natural ecosystems to make way for farming land. “It is the most important and consequential issue for the future of the world, and so the solution has to be market-based,” he said. “The only way we can replace themes that are this destructive is by coming up with a better technology and competing.”
Pork is a necessary step in that strategy to compete. America, it seems, is all about beef and chicken when it comes to eating animals. But pigs and pork take the cake when you consider meat consumption globally, accounting for 38% of all meat production, with 47 pigs killed on average every second of every day. Asia, and specifically China, figure strongly in that demand. Consumption of pork in China has increased 140% since 1990, Impossible notes.
Pigs’ collective footprint in the world is also huge: there are 1.44 billion of them, and their collective biomass totals 175 kg, twice as much as the biomass of all wild terrestrial vertebrates, Impossible says.
Whether Impossible’s version of pork will be enough or just an incremental step is another question. Ground meat is not the same as creating structured proteins that mimic the whole-cuts that are common (probably more common) when it comes to how pork is typically cooked (ditto for chicken and beef and other meats).
That might likely require more capital and time to develop.
For now, Impossible is focused on building out its business on its own steam: it’s not entertaining any thoughts of selling up, or even of licensing out its IP for isolating and using soy leghemoglobin — the essential “blood” that sets its veggie proteins apart from other things on the market. (I think of licensing out that IP, as the equivalent of how a tech company might white label or create APIs for third parties to integrate its cool stuff into their services.)
That means there will be inevitable questions down the line about how Impossible will capitalise to meet demand for its products. Brown said that for now there are no plans for IPOs or to raise more externally, but pointed out that it would have no problem doing either.
Indeed, the company has built up an impressive bench of executives and other talent to meet those future scenarios. Earlier this year, Impossible hired Dennis Woodside — the former Dropbox, Google and Motorola star– as its first president. And its CFO, David Lee, joined from Zynga back in 2015, with a stint also in the mass-market food industry, having been at Del Monte prior to that.
Lee told me that the company has essentially been running itself as a public company internally in preparation for a time when it might follow in the footsteps of its biggest competitor, Beyond Meat, and go public.
“From a tech standpoint I’m absolutely confident that we can outperform what we get from animals in affordability, nutrition and deliciousness,” said Brown. “This entire industry is most destructive by far and has major responsibility in terms of climate and biodiversity, but it going to be history and we are going to replace it.”
Huami and Studio take on Peloton with the Amazfit HomeStudio treadmill
Chinese wearable company Huami and fitness startup Studio are teaming up to build a connected treadmill, which they unveiled today as part of Huami’s keynote as CES.
The most notable feature of the Amazfit HomeStudio is its lack of a traditional treadmill front. Instead, you control the device using your smartphone, while content is delivered to a separate, vertically-oriented 43-inch HD screen that the companies are calling the Glass.
The Glass kind of looks like a giant phone, and it also includes a camera that can analyze your movements with computer vision (if you’re worried about privacy, there’s a slide piece that covers the camera).
As for the treadmill itself, it’s 20 inches wide and 53 inches long, with a slat belt surface for a softer running feel.
Huami may be an unfamiliar name to most U.S. readers, but the company says it shipped 18.1 million wearable devices in 2017, and it went public on the New York Stock Exchange in 2018. Studio, meanwhile, has created more than 1,000 online fitness classes with a focus on treadmill running.
Studio founder and CEO Jason L. Baptiste (who previously founded mobile publishing company Onswipe) told me that with his vision of making running more fun and accessible to non-runners, he’s always seen creating a treadmill as part of Studio’s roadmap, allowing the startup to offer a fitness experience that’s truly “immersive and personal.”
And while Peloton sells a connected treadmill with a 32-inch screen, Baptiste said most treadmill makers are “manufacturing companies or devices something without great software or content or community.” He added, “We wanted to get the content and software right before we ever thought about doing anything with hardware.”
So the Amazfit HomeStudio combines Studio’s content with Huami’s hardware expertise, and it integrates with Huami devices and other wearables to track heart rate. And while a treadmill is obviously best for running, the Glass can also offers classes in sculpt, yoga and stretching.
Huami and Studio are not announcing pricing or timing, but Baptiste said the treadmill will be “an incredible value compared to competing products on the market.” (Pricing for the Peloton Tread starts at $4,295.) He also acknowledged that the real moneymaker will be the content subscription, which will cost $34.99 per month.
“At the end of 2019, Huami defined a new mission: Connect Health with Technology. STUDIO’s passion for fitness has proven to be a perfect match,” said Huami Chairman and CEO Wang Huang in a statement. “We want to bring the latest in fitness to our users, through products and services they can count on. That’s what Huami Amazfit is bringing to the new decade – cutting-edge innovation in health technology.”
Swedish telehealth provider KRY, which says it has completed 1.4M+ video-based doctors appointments in Europe, raises $155M Series C (Johannes Hellstrom/Reuters)
Swedish telehealth provider KRY, which says it has completed 1.4M+ video-based doctors appointments in Europe, raises $155M Series C — STOCKHOLM (Reuters) - Swedish digital healthcare provider KRY has raised $155 million in a funding round led by Ontario Teachers' Pension Plan to support plans …
FBI seeks Apple’s help in unlocking iPhones belonging to Pensacola gunman
In a move that may signal another high-stakes clash over encryption, the FBI is asking Apple for help decrypting two iPhones believed to have belonged to Mohammed Saeed Alshamrani, the man suspected of carrying out a shooting attack that killed three people last month at the Naval Air Station in Pensacola, Florida.
The request came in a letter FBI General Counsel Dana Boente sent to her counterpart at Apple on Monday, NBC News reported. Boente said that, although FBI investigators obtained a search warrant to examine the phones, investigators have been unable to guess the passcodes needed to unlock them and decrypt their contents. Complicating matters, 21-year-old Alshamrani fired a round into one of the phones. A second lieutenant in the Saudi Royal Air Force, Alshamrani died in the December 6 shooting. An FBI spokeswoman confirmed the sending of the letter but declined to describe its contents, citing an ongoing investigation.
In a statement, Apple officials wrote: "We have the greatest respect for law enforcement and have always worked cooperatively to help in their investigations. When the FBI requested information from us relating to this case a month ago, we gave them all of the data in our possession, and we will continue to support them with the data we have available."
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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...
