Jul
06

July 11 – Rendezvous Meetup with Sramana Mitra in Menlo Park, CA - Sramana Mitra

There’s no shortage of so-called femtech startups raising money right now, and little wonder why.

Aside from the growing market opportunity — the global fertility services market is expected to reach $31 billion by 2023, says the consultancy Allied Market Research, nearly double where it stood in 2016 — more women are clamoring for information about their reproductive health, and 15-minute doctor visits aren’t doing the trick.

The newest recipient of venture dollars: NextGen Jane, a 4.5-year-old, Oakland, Calif.-based company that’s hoping to use blood wrung from tampons to find early markers of endometriosis and, later, if all goes well, cervical cancer and other disorders.

The company disclosed just today that it has secured $9 million in Series A funding led by Material Impact, a new fund focused on materials technology that we reported on last November. Other participants in the round include Access Industries, Viking Global Investors, Liminal Ventures and numerous notable angels, including PhDs from Harvard Medical School and Stanford University.

Its approach is far more palatable than the option women have long suffered, which is to have a small camera inserted into their pelvic cavity in search of endometrial cells. (Note: Women typically wind up in this position only after enduring bewildering pain that drives them to see their doctors.) The idea with NextGen Jane instead is for a custom-made tampon to be worn for roughly two hours, placed inside a test tube as part of a home kit and sent to a lab for further analysis.

Of course, it needs to work first, and the technology hasn’t been approved by the FDA. In fact, it hasn’t been proven at all.

The funding could, potentially, make the difference. In an interview with Technology Review last month, NextGen CEO and co-founder Ridhi Tariyal said that a clinical trial is designed and ready to go, but that NextGen Jane needed capital to run a trial on roughly 800 women in order to establish the diagnostic efficacy of menstrual blood. With funding, she’d said, it would take the company about two years to collect a meaningful amount of data.

Reproductive specialists seem torn generally on the trend of startups producing home kits aimed at helping women understand their fertility. While they see some value in the information they provide, they also fear that even home kits that have already been proven to accomplish their intended goal, such as measuring anti-Müllerian hormone, or AMH, may confuse women as much as they help them.

NextGen Jane had previously raised $2.3 million in funding. Meanwhile, TechCrunch has been reporting extensively on the broader uptick in femtech investing. You can find a much deeper dive regarding who has raised what lately and why right here.

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Apr
01

ManoMano raises $125 million for its home improvement e-commerce platform

French startup ManoMano is raising a new funding round of $125 million (€110 million). The company operates an e-commerce website and marketplace focused on home improvement and gardening.

ManoMano is part of the great unbundling of general e-commerce platforms. By focusing on a vertical in particular, the company can provide a large product offering, competitive prices and better customer service.

The platform generated $450 million (€400 million) in gross merchandise value last year. France is still its main market, but the company plans to become the dominant home improvement platform in Europe.

According to an interview in JDN, ManoMano plans to take a page out of Amazon’s playbook and expand its Mano Fulfillment service. As the name suggests, ManoMano plans to manage products from third-party retailers and take care of logistics.

More recently, ManoMano launched a B2B service with a few advantages for professional workers.

Eurazeo Growth, Aglaé Ventures and Bpifrance are participating in today’s funding round, with existing investors CM-CIC, Partech Ventures, Piton and General Atlantic also participating.

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Jan
08

What Innovation Does Reflektive Bring to the Talent Management Space? - Sramana Mitra

I used to think April Fools Day was interesting. Companies and people brought out clever web jokes, many of them subtle and almost believable. Some were entertaining, some were cringeworthy, but few were offensive.

Now, the whole thing is just extraordinarily annoying. Maybe it’s because I’m getting old and crabby. It could be because of my friend Nev who has taken up residence in my brain. It’s possible that it makes me feel like my tech news feeds have been invaded by the same kind of endless nonsense that now invades all other news feeds.

Or maybe it’s just easier to skip a day on the web, let people do whatever they are going to do, and pick it up on again on April 2nd.

In the meantime, if you want to play the classic game of Snake, Google Maps has you covered today.

Original author: Brad Feld

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Apr
01

Thought Leaders in Healthcare IT: CareDash CEO Ted Chan (Part 4) - Sramana Mitra

Sramana Mitra: What are the open problems in your industry that new entrepreneurs could be starting companies around? Ted Chan: Telehealth is a very big opportunity for making healthcare more...

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Original author: Sramana Mitra

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Apr
01

What is ShopClues’ New Strategy? - Sramana Mitra

Gurugram-based e-commerce marketplace ShopClues has tightened its reins and trimmed its losses. In October 2018, ShopClues reportedly broke even at the unit-economics level. ShopClues’ Financials...

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Original author: jyotsna popuri

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Apr
01

1Mby1M Virtual Accelerator Investor Forum: With Swapna Gupta of Qualcomm Ventures (Part 1) - Sramana Mitra

Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Swapna Gupta was recorded in February 2019. Swapna...

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Original author: Sramana Mitra

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Aug
11

Rumbleverse slams onto the scene with melee mayhem

Despite not being Brazilian and having their first exposure to the country only a few years ago, the two co-founders of Escale have managed to raise $22.6 million for their company, which provides customer acquisition services to companies in telecommunications and healthcare across Brazil.

Their secret? A knowledge of search engine optimization technologies honed through side businesses the two ran back in the United States.

The state of online marketing and digital sales was so woefully bad in Brazil that co-founders Matthew Kligerman and Ken Diamond had a green field in front of them on which to build Brazil’s first true online customer acquisition service, according to Diamond.

“We fell in love with Brazil for its warm culture and natural beauty, but as consumers, we had terrible experiences acquiring the most fundamental products and services for our new lives: internet, cell phone plans, health insurance and basic banking needs,” Kligerman said in a statement.

The company’s largest customer, according to Diamond, is NET, the Brazilian cable and telecom operator. NET was the first company to sign on for Escale’s customer acquisition services, but the company’s roster of clients now includes some of Brazil’s largest companies, including Bradesco, Sul America, Claro, GNDI and Amil.

It’s that marquee client list that attracted QED Investors and Invus Opportunities to co-lead the $22.6 million round that Escale just closed. The company’s previous investors, Kaszek Ventures, Rocket Internet’s GFC and Redpoint e.Ventures, also participated in the funding.

Latin America is in the throes of a startup renaissance at the moment, with Brazilian companies like Nubank and iFood and the Colombian company Rappi reaching billion-dollar valuations. Meanwhile investors are committing more capital to the region. SoftBank, for instance, is committing $5 billion to a new Latin American-focused fund.

With the new funding, Escale intends to move deeper into the development of customer acquisition platforms across verticals like consumer finance, insurance and education with comparison shopping sites and informational services (à la Credit Karma in the U.S.).

“With millions of web and cloud voice interactions every month, Escale can transform each of those interactions into data points, and continually improve its proprietary acquisition platform, ‘EscaleOS,’ to create highly-intelligent, customized marketing and sales funnels, helping consumers at the right moment connect with the products and services they need,” says Nicolas Berman, a partner at Kaszek Ventures. “The more consumer interactions they have, the faster Escale’s data flywheel spins.”

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Apr
01

PewDiePie appears to admit defeat to T-Series in YouTube music video roasting the Bollywood channel

PewDiePie (real name Felix Kjellberg) has intensified his battle for YouTube dominance with Bollywood music company T-Series by releasing a video "congratulating" the rival channel.

PewDiePie and T-Series have been neck-and-neck for months in the battle to be the subscribed-to channel on YouTube. PewDiePie had previously held the number one spot since 2013.

Read more: PewDiePie's huge campaign to swat away T-Series and keep his YouTube crown is slowing down

T-Series has edged ahead a few times, and this weekend overtook PewDiePie once again. On March 31, PewDiePie released a music video entitled "Congratulations" mocking the Bollywood channel.

In the video, PewDiePie made reference to a Times of India article from December last year about T-Series chairman Bhushan Kumar being questioned over tax evasion. It also alluded to a sexual harassment accusation levelled against Kumar in October. Kumar denied the allegation.

The song also references an issue that has been at the heart of the competition: That PewDiePie as an independent vlogger represents the soul of YouTube, while T-Series is a corporate interloper.

"Yeah, you did it, very nice. And all it took was a massive corporate entity with every song in Bollywood," PewDiePie raps on the diss track. It's why he has garnered support from other YouTubers, like Logan Paul.

PewDiePie's campaign to guard his title against T-Series was also endorsed by Tesla CEO Elon Musk, who went on PewDiePie's show with "Rick and Morty" co-creator Justin Roiland in February in a bid to win more subscribers.

The campaign was also referred to by the suspected gunman of the New Zealand mosque attacks in March, who said "Subscribe to PewDiePie" during a Facebook live stream of the attack. PewDiePie said he was "sickened" by the reference.

In another video commenting on the battle for subs, PewDiePie joked: "Who cares about sub count anyway? It was just a troll, it was just a big troll."

Original author: Isobel Asher Hamilton

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Apr
01

437th 1Mby1M Entrepreneurship Podcast With Hemant Mohapatra, Lightspeed Venture Partners - Sramana Mitra

Hemant Mohapatra, Partner at Lightspeed Venture Partners, India, talks about some of the large, open opportunities in the Indian market that are of interest to him.

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Original author: Sramana Mitra

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Jul
05

Roundtable Recap: July 5 – Scaling Tech Companies From Europe - Sramana Mitra

The internet is often lauded for the potential to increase the impact of a range of primary services in emerging markets, including education, commerce, banking and healthcare. While many of those platforms are now being built, a few are finding that a hybrid approach combining online and offline is advantageous.

That’s exactly what Jio Health, a “full stack” (forgive the phrase) healthcare startup is bringing to consumers in Southeast Asia, starting in Vietnam.

The company started as a U.S.-based venture that worked with healthcare providers around the “Obamacare” initiative, before sensing the opportunity overseas and relocating to Vietnam, the Southeast Asian market of 95 million people and a fast-growing young population.

Today, it operates an online healthcare app and a physical facility in Saigon; it also has licenses for prescriptions and over the counter drug sales. The serviced launched nearly a year ago; already the company has some 130 staff, including 70 caregivers — including doctors — and a tech team of 30.

The idea is to offer services digitally, but also provide a physical location for when it is needed. Therein, the company ensures that “every element of that journey” is controlled and of the required standard; that’s in contrast to services that partner with hospitals or other care centers.

The scope of Jio Health’s services range from pediatrics to primary care, chronic disease management and ancillary services, which will soon cover areas like eye care, dermatology and cancer.

“Our initial research [before moving] found that healthcare in Vietnam was unlike the U.S.,” Raghu Rai, founder and CEO of Jio Health, told TechCrunch in an interview. “Spending is primarily driven by the consumer (out of pocket) and there’s no real digital infrastructure to speak of.”

Rai — a U.S. citizen — said doctors typically “have minutes per patient” and get through “hundreds” of consultations in every morning shift. That gave him an idea to make things more efficient.

“We can probably address north of 80 percent of consumers’ health needs,” he said of Jio Health,” but we also have referral partnerships with certain hospitals.”

Raghu Rai is CEO and founder of Jio Health

The process begins when a consumer downloads the Jio Health app and inputs primary information. A representative is then dispatched to visit the consumer in person, potentially within “hours” of the submission of information, according to Rai.

He believes that Jio Health can save its users money and time by using remote consultancy for many diagnoses. The company also works with health insurance companies for areas like annual checkups, and Rai said that a number of global corporations offer Jio Health among the provider options for their staff; but they’re not exclusive.

This week, Jio Health announced that it has closed a $5 million Series A funding from Southeast Asia’s Monk’s Hill Ventures . Rai said the company plans to use the capital for expansion. In particular, he said, the company is adding new care categories this month — including eye care and dermatology — and it is working toward expanding its brand through marketing.

Further down the line, Rai said the company hopes to expand to Hanoi before the end of this year. While there is interest in moving into other markets within Southeast Asia, that isn’t about to happen soon.

“We have begun to investigate other markets, but at this point feel the market in Vietnam is substantial in itself,” he told TechCrunch. “It’s very plausible that we’d be looking at international expansion plans in 2020… we’re going to be focused on Southeast Asia.”

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Aug
15

In human-centered AI, UX and software roles are evolving

British tech unicorn Darktrace posted a 93% jump in revenue last year, striking a positive note as the company tries to distance itself from a $5 billion courtroom drama involving one of its major backers.

According to filings with the UK's Companies House, Darktrace saw an increase in its pre-tax losses, but the overall story through 2018 was one of growth. It has more than doubled its headcount, with the new employees mostly across sales and marketing, and research and development.

The firm said it had bookings worth $209 million in the year to the end of June 2018, although it's worth noting that this isn't the same as revenue.

Here are the key financial numbers for the year to 30 June 2018:

A big jump in revenue to £59.4 million ($78 million), from £31 million ($41 million) in 2017. Losses increased too, though at a slower pace. Pre-tax losses came to £39 million ($51 million) in the year to June 2018, from £24.7 million ($32 million) in 2017. The firm spent £58 million ($76 million) on marketing in 2018, up from £34.6 million ($45 million) the previous year. The number of employees stood at 750 as of October 2018.

Darktrace did not immediately respond to a request for comment on its results.

Darktrace bills itself as a cybersecurity startup that uses artificial intelligence to detect viruses and other threats to an organisation's IT systems. It hit a valuation of $1.65 billion after raising $50 million last September from backers such as Vitruvian Partners.

Darktrace's origins are deeply connected to British investor and entrepreneur Mike Lynch and his investment fund Invoke Capital. Lynch was Darktrace's first backer through Invoke, which filings show currently holds 41% of the startup's shares.

Former Autonomy CEO and Darktrace investor Mike Lynch. HENRY NICHOLLS/Reuters

He made his money after founding UK enterprise software firm Autonomy, and selling it to HP for $11 billion in 2011. It remains one of the biggest acquisitions of a UK tech company to date.

The deal was a disaster and HP is now suing Lynch and another former executive for $5 billion in the UK's High Court, alleging that the pair committed fraud and made Autonomy appear more valuable than it really was. Lynch is also facing criminal charges in the US.

Darktrace has sought to distance itself from its backer's legal troubles, with Lynch resigning from the firm's board in November 2018 to avoid "distraction."

But Darktrace and Invoke Capital are both inextricably linked to Autonomy, a connection that is being highlighted in the ongoing High Court trial which kicked off last week.

Darktrace co-CEO Poppy Gustafsson and its board member Andrew Kanter are acting as witnesses for Lynch, his lawyers told the court last week. Gustafsson was formerly Autonomy's corporate controller, while Kanter, now an Invoke Capital partner, was its COO.

Darktrace's other CEO, Nicole Eagan, was also a former Autonomy executive, and a second board member, Vanessa Colomar, was Autonomy's SVP of communications.

Original author: Shona Ghosh

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Jul
06

Thought Leaders in Artificial Intelligence: Steve Scott, CTO of Cray (Part 4) - Sramana Mitra

Amazon CEO Jeff Bezos, founder of space venture Blue Origin and owner of The Washington Post, participates in an event hosted by the Air Force Association September 19, 2018 in National Harbor, Maryland.Alex Wong/Getty Images

Good morning! This is the tech news you need to know this Monday.

Facebook CEO Mark Zuckerberg urged in a newspaper op-ed for more regulation over the internet. He said Facebook has run into problems in four main areas: harmful content, election integrity, privacy, and data portability. Jeff Bezos' chief security consultant has said the Saudi government hacked the Amazon chief's phone and accessed his private information. Gavin de Becker wrote in a column published Saturday that he could conclude that his investigation found that Saudis had gained access to Bezos' private information. Some old Facebook posts by CEO Mark Zuckerberg have vanished, and the company says it "mistakenly deleted" them. The disappearances include posts about key moments in the company's history, like the acquisition of Instagram in 2012. The UK is planning on rolling out laws forcing porn websites to introduce effective age verification blocks, making sure people under the age of 18 cannot access them. Experts say the so-called "porn block" could have huge ramifications for privacy, freedom of expression, and sex workers' safety — all while being ineffective. Lyft is deeply unprofitable, but that hasn't stopped Wall Street from piling into its IPO. The firm lost $911 million last year, but its stock price soared to more than $87 per share when it began trading. It's going to be a huge summer for scooter startups in Europe, because it's the first warm season they'll be fully operational on the continent. But, as regulatory issues loom, these firms say they're taking measures to avoid being lumped in with the likes of Uber. Facebook secretly explored building bird-size drones to ferry data to people with bad internet connections. "Catalina" was a secret internal project in Facebook's Connectivity unit, the company's efforts to get people around the world online — and on Facebook. Epic Games CEO Tim Sweeney says that the company has big plans for "Fortnite," which it sees "evolving beyond being a game." The goal is to build on Fortnite's "Creative" mode by giving more tools to build and contribute to the game's virtual world of "Fortnite." Facebook may restrict who can use its "Live" livestreaming video feature after the Christchurch shootings. Facebook COO Sheryl Sandberg said the firm was exploring steps to mitigate the risk of another livestreamed attack, including monitoring hate speech more closely and contributing to local mental health organisations. Twitter wants to label tweets from public figures that break its rules — and even Trump could be named and shamed. At an event this week, Twitter's head of legal, policy, and trust said leaving these posts up could make other users think they could post similar content.

Have an Amazon Alexa device? Now you can hear 10 Things in Tech each morning. Just search for "Business Insider" in your Alexa's flash briefing settings.

Original author: Shona Ghosh

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Mar
24

Apple reportedly wants to sell subscriptions to HBO, Showtime and more premium channels for $9.99 a pop

This feature from Market Review by Ken Stephens analyzes the recent IPO rush amidst increasing economic worry. Several tech companies such as Lyft and Pinterest have recently filed to go public. For...

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Original author: jyotsna popuri

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Mar
31

The Crash

I woke up this morning with my eyes glued shut. That was pretty disorienting. I wasn’t a character in a Dean Koontz novel, but I was relieved when I realized that I had conjunctivitis, as I’m not sure what I would have done if my eyes were sewn shut with fishing line.

After I sorted myself out, I remembered that I was supposed to be running the Knoxville Marathon today. I would have been just finishing up when I woke up, so I had a wave a sadness come over me. I took a long shower, letting the hot water run down my face, with a fantasy that it would wash away all the goo (both current and future) in my eyes.

It’s late in the afternoon in Boulder and I’ve taken two naps today. Neither were pretty – they were both sweaty, emotional, dream-filled messes with plenty of eye goo involved. I’m loaded up on Tylenol, but the pounding in my sinuses is unrelenting. I’m not able to take decongestants/antihistamines anymore, as they wreak unpleasant havoc on a part of me completely unrelated to what they are supposed to help with.

This cold came on hard on Tuesday. I haven’t been sick all winter and have felt good since November after a summer of physical misery that ended with a 60-day course of Cipro, ensuring that an enormous amount of bacteria in me – both the good kind and the bad kind – was very dead.

I know that I’m a whiny sick person. I also know that being sick tilts me toward depression. I’m lucky that Amy knows this also and takes amazing care of me when I’m sick.

I’ve felt a crash coming since Friday. I’ve been grinding through the work that I have, some of which has deadlines before I go on vacation in a week. I know I can tell the deadline enforcers that I’m sick and things will have to wait a few weeks, but then I’ll just have a bigger pile of backed up stuff to do, which just feels like an awful additional burden. And yes, I realize I’m procrastinating by writing this blog post, but I am also waiting for the full function version of Adobe Acrobat to download since I need to use it to edit the Adobe files I’m sending back to Wiley soon.

I know that every human being gets sick on a periodic basis. I also know that this particular cold (which I call Nev – Nasty Evil Virus), which has morphed into a cold + bacterial infection, is minor compared to what most people encounter on their time on this planet. I also know that my resources make it even easier for me to deal with something like this.

When I reflect on this, I still feel shitty, but I have context for how I feel. We all have periodic crashes of different levels of severity (and one that has ultimate finality), but that doesn’t make it any easier to work through the moment.

And yes, I’m looking very forward to my vacation.

Original author: Brad Feld

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Mar
31

Jeff Bezos' investigator thinks Saudi Arabia hacked his cell phone — here's how it could have happened (AMZN)

A $1 billion Israeli intelligence startup accused of helping Saudi Arabia track its adversaries could be the key to new assertions from Amazon CEO Jeff Bezos' security consultant Gavin de Becker.

In an op-ed published in The Daily Beast on Saturday, de Becker said his team concluded that Saudi Arabia "had access to Bezos' phone and gained private information," following its investigation into how Bezos' texts with girlfriend Lauren Sanchez ended up in the hands of The National Enquirer.

A foreign government surveilling a powerful American CEO using advanced technologies? It sounds like the stuff of a spy novel.

But as it turns out, tracking people's cell phones is a well-established practice, and the technology behind it — known as "lawful intercept spyware" — is a $12 billion industry.

Software can track texts, emails and apps

While De Becker stopped short of asserting how Saudi Arabia accessed Bezos' phone, his op-ed linked out to a New York Times article on "internet mercenaries" including NSO Group, DarkMatter, and Black Cube — companies which use technological prowess to put advanced spying techniques in the hands of governments around the globe.

The most established is NSO Group, $1 billion Israeli startup that's open about its mission to help "government agencies prevent and investigate terrorism and crime to save thousands of lives around the globe.'

NSO Group was founded in 2008 by Shalev Hulio and Omri Lavie to help cell phone providers gain access to their customer's phones to perform maintenance.

Since then, the company has helped Saudi Arabia "track its adversaries," helped Mexico "hunt drug kingpins," and made millions of dollars doing similar work for dozens of different governments, according to an investigation by the Times.

NSO Group's main technology Pegasus came out in 2011. Pegasus lets its users collect remote data from smartphone apps like Facebook, WhatsApp and Skype, as well as texts, emails, calls and location data, from "the air without leaving a trace," according to the Times.

While helping Mexico catch drug criminals is within NSO Group's stated mission, the company is at the center of a lawsuit which alleges its technology was used by Saudi Arabia to spy on journalist Jamal Khashoggi, who was murdered at the Saudi consulate in Istanbul in October 2018.

NSO Group has also worked with the United Arab Emirates, which was caught installing NSO's software on the cell phone of human rights activist Ahmed Mansoor, according to the Times.

NSO faces steep competition

NSO Group isn't the only player in the international spy space.

The Times uncovered steep competition between NSO Group and the Emirati firm DarkMatter, which reportedly formed after an American firm CyberPoint declined the UAE's requests to break American law by cracking encryption codes and hacking websites housed on American servers.

DarkMatter's stated mission is to create a world "where businesses and governments harness and maximise the benefits of the digital environment effectively and safely."

But its techniques go beyond just tracking people's cell phones. The firm reportedly hacked a baby monitor in the home of Mansoor in order to listen in on his conversations.

Original author: Becky Peterson

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Mar
31

'Dumbo' wins the weekend box office, but performs worse than expected

Disney's "Dumbo" is having a bumpy takeoff.

It's uncommon for a Disney IP to not hit its industry box office projections or surpass it, but that's what's happened to the latest live-action remake of the Disney classic animated movie.

Tim Burton's look at lovable Jumbo Jr. (budgeted at $170 million, not counting marketing) took in an estimated $45 million over the weekend, that's below the $50 million most of the industry predicted it to make this weekend.

Playing on over 4,200 screens, Disney gave the movie the ability to be another one of its many hits, despite having a feeling audiences weren't going to run to see a movie about an elephant with big floppy ears who is split up from his mother. When reviews for "Dumbo" officially went online, Disney released its "Avenge the Fallen" character posters for its upcoming "Avengers: Endgame" Marvel movie, which went viral and numbed some of the negative "Dumbo" reviews (the movie is only sporting a 50% rating on Rotten Tomatoes).

Read more: Jai Courtney says he will be back playing Captain Boomerang in the James Gunn "Suicide Squad" movie

The "Dumbo" opening is a far cry from Burton's last live-action remake for Disney. 2010's "Alice in Wonderland" had a $116 million opening, strengthened by the 3D craze of the time. The movie went on to earn $1 billion. The opening for "Dumbo" didn't do as strongly as Disney live-action movies like 2014's "Maleficent" ($69.4 million) and 2015's "Cinderella" ($67.8 million), but did better than the studios' previous live-action remake, "Christopher Robin" ($24.6 million).

Coming in second place for the weekend was Universal's "Us," bringing in $33.6 million. The Jordan Peele movie has earned over $100 million domestically (it was made for $20 million). Peele is now the first African-American writer-director with multiple movies to gross $100 million (the other being "Get Out").

Neon's ambitious release of Harmony Korine movie "The Beach Bum" didn't turn out so well. The movie played on over 1,000 screens but only brought in $1.8 million. That's the lowest wide-release opening ever for a Matthew McConaughey movie (performing worse than the $4.4 million opening for his movie "Serenity" earlier this year).

Original author: Jason Guerrasio

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Jun
05

Best of Bootstrapping: Bootstrapping by Piggybacking from Romania - Sramana Mitra

Jeff Bezos' security chief Gavin de Becker said in a column published Saturday that the Saudi government had access to the Amazon chief's phone and gained private information from it.

De Becker wrote in The Daily Beast that he could confirm the connection after an extensive investigation into the publication, which was sparked by reports targeting Bezos in tabloids owned by American Media Inc.

"Our investigators and several experts concluded with high confidence that the Saudis had access to Bezos' phone, and gained private information," de Becker wrote. "As of today, it is unclear to what degree, if any, AMI was aware of the details."

In February, Bezos alleged in a widely-read Medium post that the National Enquirer tried to blackmail him by threatening to publish intimate text messages and photos. He also revealed that he had launched an investigation after a January exposé on his relationship with Sanchez to find out how the paper obtained the private information in the piece.

Read more: These are the main players in the explosive saga of Jeff Bezos' love life and his war with the National Enquirer

Bezos drew a connection in the letter between the kingdom of Saudi Arabia and American Media Inc., specifically accusing owner David Pecker of trying to blackmail him unless he publicly declared that the tabloid's reporting on him had no political motivation.

Days after Bezos' post, AMI attorney Elkhan Ambramowitz doubled down on the paper's commitment to their explanation that Sanchez's brother had been the only source, flatly denying any connection to the Trump administration and the media company's ties to Saudi Arabia.

De Becker points to an appearance by Abramowitz on ABC as perhaps the most concerted effort to throw blame on Sanchez's brother for the revealing materials in the January story, when he insisted that the source was "not Saudi Arabia" but a "person that was known to both Bezos and Ms. Sanchez."

This statement was marred by reports from the Wall Street Journal and Page Six that said the Enquirer came to Sanchez after it knew about the relationship, de Becker said, which suggests there were other sources.

Numerous outlets suggested that Saudi Arabia's alleged role in AMI's pursuit of Bezos was motivated by Bezos' ownership of the Washington Post, which created diplomatic issues for the country through its dogged reporting on the killing of its columnist Jamal Khashoggi in the Saudi consulate in Istanbul, Turkey, last October.

Bezos acknowledged in his February post that his ownership of the Post was a "complexifier," and De Becker wrote in the Beast that the Saudi government had been threatening Bezos since October.

The kingdom reportedly denies any connection, as well as any responsibility for Khashoggi's death.

De Becker also points to owner Pecker as a central figure in the paper's Saudi connections, ushering in glowing coverage for Crown Prince Mohamed Bin Salman, including an advanced copy of a magazine that the prince and his aides had a chance to edit.

De Becker's investigation reportedly relied on interviews with "current and former AMI executives and sources," "top Middle East experts in the intelligence community," "leading cybersecurity experts who have tracked Saudi spyware," "discussions with current and former advisers to President Trump," "Saudi whistleblowers," and "people who personally know the Saudi Crown Prince Mohammed bin Salman."

De Becker also wrote that he has turned over his investigation's findings to US federal officials and will be releasing no further details.

Original author: Ellen Cranley

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Jun
06

In a massive executive reshuffle, Google's core business just found its new MVP. But it also comes as search and ads face a building antitrust storm (GOOG, GOOGL)

Morgan Stanley is trying to tamper investor excitement for General Motor's Cruise robo-taxi unit.

In a note to clients this week, the Wall Street bank told clients that the self-driving department may not ever turn revenue if it can't remove backup safety drivers from the cars.

"While we think GM Cruise has important technological value, we urge investors to lower expectations on revenue generation and profitability of the unit," analyst Adam Jonas told clients in a research note.

"Taking nothing away from GM cruise, it is our understanding that the technology required to remove human drivers at an acceptable level of consumer safety is likely many years away," he continued. "And the legal and regulatory construct to support, even proven technology, may present even greater hurdles largely outside of GM Cruise's control."

Jonas is far from the first to downplay the hype around self-driving cars.

Take Google's Waymo, for instance, which is running the only consumer-facing, revenue-driving self-driving fleet. Even Waymo still has backup drivers in cars, making the service a de-facto Uber ride, for all practical purposes.

GM's hope is that Cruise can soon operate without a driver — and eventually in a car that doesn't even have a steering whee l. Federal regulators have opened up that possibility to the public in a 60-day comment period on GM's 15-month old proposal.

High-profile incidents, like the killing of a pedestrian in Arizona by an Uber self-driving car in 2018, have added to some skepticism of the technology. Still, given the massive number of road deaths each year in the US, advocates point to more safety with robots at the wheel than humans.

"We are constructive on the development of autonomous cars, but see room for the market to elongate the adoption curve scenarios," Jonas said. "Given the technological challenge as well as the legal and regulatory framework."

Original author: Graham Rapier

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Mar
31

The top 7 shows on Netflix and other streaming services this week

Average demand expressions: 25,549,346

Description: "DOOM PATROL reimagines one of DC's most beloved groups of Super Heroes: Robotman aka Cliff Steele (BRENDAN FRASER), Negative Man aka Larry Trainor (MATT BOMER), Elasti-Woman aka Rita Farr (APRIL BOWLBY) and Crazy Jane (DIANE GUERRERO), led by modern-day mad scientist Niles Caulder aka The Chief (TIMOTHY DALTON). Each member of the Doom Patrol suffered a horrible accident that gave them superhuman abilities, but also left them scarred and disfigured. Traumatized and downtrodden, the team found their purpose through The Chief, coming together to investigate the weirdest phenomena in existence. Following the mysterious disappearance of The Chief these reluctant heroes will find themselves in a place they never expected to be, called to action by none other than Cyborg (JOIVAN WADE), who comes to them with a mission hard to refuse. Part support group, part Super Hero team, the Doom Patrol is a band of superpowered freaks who fight for a world that wants nothing to do with them."

Rotten Tomatoes critic score (Season 1): 94%

What critics said: "This adaptation from executive producers Geoff Johns and Greg Berlanti is just as wonderful and weird as the comic." — Mark A. Perigard, Boston Herald

Season 2 premiered on DC Universe February 15.

Original author: Travis Clark

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Mar
31

The world's 'doomsday seed vault' is built to store every crop on the planet, but the icy area that protects it is at risk

The 2,100-person town of Longyearbyen endures four months of perpetual darkness in the winter, followed by four months of sunlight in the summer. The area boasts more polar bears than people and a bustling adventure-tourism economy. It's also home to the most important agricultural safeguard in the world.

Buried inside a mountain in Norway's Svalbard archipelago, the Global Seed Vault — often referred to as the doomsday seed vault — stores back-up seeds for every one of humanity's food crops. The vault's location and design protect its contents from the effects of sunlight, earthquakes, volcanic eruptions, warfare, and political strife.

The idea is that in the event of a global disaster, people from anywhere in the world should be able to withdraw seeds for crops that they'd need to re-grow.

But Longyearbyen is no longer as invulnerable as scientists initially thought when it opened in 2008. A new report from the Norwegian Centre for Climate Services warns that increasing Arctic temperatures are putting the seed vault and the surrounding area at risk.

An 'insurance policy for the world's food supply'

Currently, the Global Seed Vault holds more than 983,500 seed samples — seeds from almost every country in the world — according to the Crop Trust, which oversees the vault in partnership with the Norwegian government. The group calls the vault the "ultimate insurance policy for the world's food supply."

The seeds are sealed in three-ply foil packages that are stored in boxes shelved inside the vault. Scientists can only access the vault via a 400-foot-long tunnel. To deposit seeds, they must pass through five doors with coded locks.

The only way into the vault is a 400-foot-long tunnel. AP Photo/John McConnico

The air in the Global Seed Vault is kept at a constant temperature just below 0 degrees Fahrenheit (minus 18 degrees Celsius). The vault was designed so that even if its power goes out, the seed contents would to stay frozen for 200 years. That's because the space is set more than 300 feet deep into the side of a mountain and buried in permafrost — a layer of soil that remains frozen all year long.

Read More: Staggering photos show what life is like in the world's northernmost town, where it's dark 4 months of the year and you're likely to run into a polar bear

But that built-in refrigeration mechanism is showing signs of fallibility.

The doomsday seed vault's natural refrigeration may melt away

In 2017, record temperatures and heavy rainfall caused melt-water to breach the vault's tunnel. Fortunately, the water didn't reach the seeds.

"A lot of water went into the start of the tunnel and then it froze to ice, so it was like a glacier when you went in," vault owner Hege Njaa Aschim told the Guardian at the time. "The question is whether this is just happening now, or will it escalate?"

Since then, Arctic temperatures have continued to go up due to climate change, and that's causing the permafrost to thaw. A new report from the Norwegian Centre for Climate Service warns that the future of the Global Seed Vault is even more up in the air than it was in 2017.

Longyearbyen endures four months of perpetual darkness during the winter.Mari Tefre/Svalbard Globale frøhvelv/Flickr

The report's authors project that surrounding air temperatures will increase by 18 degrees Fahrenheit by 2100 if greenhouse-gas emissions continue to increase at current rates. They also warn that instances of heavy rainfall in the Svalbard area will get more frequent, with 45% to 65% more annual precipitation than we see today. More water, of course, means more melting, floods, and avalanches.

What's more, the scientists reported that Svalbard has the warmest permafrost this far north in the Arctic. If emissions continue, permafrost near the surface (anything less than 32 feet deep or so) in western Svalbard is projected to thaw and perhaps completely disappear by the next century.

Even if emissions are reduced according to the Paris climate agreement goals, the Arctic permafrost is still expected to shrink by 45%, according to a report from the United Nations. That could create a feedback loop that would release trapped carbon dioxide into the atmosphere, contributing to additional warming.

As Aschim recently told CNN, "we can't trust the permafrost anymore."

Coastal ice melts in the city of Longyearbyen, in Norway's Svalbard Islands, on February 27, 2008. John McConnico/AP

Inger Hanssen-Bauer, the editor of the new report, told CNN that the climate in Longyearbyen is probably warming faster than in any other town on Earth. The town's annual average temperature about 120 years ago was 18 degrees Fahrenheit. Since then, the average has gone up by almost 7 degrees Fahrenheit — nearly triple the worldwide average increase of about 1.8 degrees Fahrenheit (1 degree Celsius).

In anticipation of these challenges, the seed vault is getting expensive upgrades. The vault originally cost about $9 million to build, but subsequent upgrades will likely add up to more than 1.5 times that much — upwards of $12 million.

These upgrades include the construction of a new concrete access tunnel, as well as a service building to house emergency power and refrigeration units.

"It is a great and important task to safeguard all the genetic material that is crucial to global food security," Norway's Minister of Agriculture and Food Jon Georg Dale said last year.

However, Norwegian government officials haven't yet given a timeline for the completion of the new projects.

Original author: Aylin Woodward

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