Nov
01

Apple, Google, and Amazon join list of over 50 companies opposing any Trump administration rollback of transgender rights (AAPL, GOOGL, AMZN)

The tech world has responded to The New York Times report that the Trump administration is considering rolling back transgender rights.

On Thursday, more than 50 companies — including tech giants like Apple, Google, Amazon, Facebook, Twitter, Uber, and Airbnb — signed a letter opposing any actions by the administration to legally define sex as binary and determined upon birth, Axios reports.

The letter read, in part:

"We, the undersigned businesses, stand with the millions of people in America who identify as transgender, gender non-binary, or intersex, and call for all such people to be treated with the respect and dignity everyone deserves. We oppose any administrative and legislative efforts to erase transgender protections through reinterpretation of existing laws and regulations."

Read more: The Trump administration's reported proposal to make an 'unchangeable' definition of sex based on genitals isn't backed by science — here's why

Companies outside of tech, like Nike and Levi Strauss, signed the letter as well.

In a company blog post, Cisco's Executive Vice President and Chief People Officer, Francine Katsoudas said: "We must protect and advocate for the equality of transgender, intersex, and gender-expansive people inside and outside the workplace."

IBM's Vice President, Global Chief Diversity & Inclusion Officer, Tia Silas, said: "We believe no one should be discriminated against for being who they are."

The 56 companies that signed the letter on Thursday employ nearly 4.8 million people. According to the press release, more companies are expected to sign the letter in the coming days.

Original author: Nick Bastone

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Jun
08

Thought Leaders in Artificial Intelligence: Paul Daugherty, CTO and Chief Innovation Officer of Accenture (Part 5) - Sramana Mitra

Google employees across the globe participated in a walkout Thursday to protest the company's handling of sexual misconduct allegations.

The protest follows a bombshell New York Times report that identified high-ranking Google executives past and present as having been credibly accused of sexual misconduct — including Android co-creator Andy Rubin, who was reportedly given a $90 million severance package after an internal investigation into his behavior.

While Google's main headquarters is in Mountain View, right in the heart of Silicon Valley, it maintains a sizable office just north in San Francisco. What appeared to be hundreds of Google employees from the San Francisco office left their desks and gathered in front of the city's historic Ferry Building for a rally.

Here's what the Google walkout protest was like in San Francisco:

Original author: Katie Canales and Matt Weinberger

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Jun
08

'We like to think of ourselves as the lead turtle in the race of the turtles': How Big Pharma is turning to Silicon Valley to supercharge drug development

GoPro stock is currently down 15 percent in after-hours trading and is falling after reporting its third quarter earnings. The company saw revenues dive 13.3 percent while still managing to beat Wall Street revenue expectations.

Overall GoPro reported a net loss of $27.1 million, or 19 cents per share, in the quarter that ended on September 30, compared with a profit of $14.7 million, or 10 cents per share, from the previous year. Likewise, GoPro saw revenue fall to $285.9 million from $329.8 million, down 13 percent year-over-year and up 1 percent sequentially. Cash and investments totaled $148 million at the end of Q3 2018.

Earlier in the day, the company’s stock was up 9.3 percent on the day. It was rebounding nicely after ending last week down, but all the gains could be lost if it opens tomorrow at today’s after-hours level.

The third quarter noted some successes though. The new Hero7 Black saw the company’s best first-month sales of any unit. Likewise, GoPro’s spherical camera, the Fusion, holds 47 percent dollar share of its niche market. The company’s products are gaining popularity in oversea markets, too. In Europe, Japan and Korea, the company increased its unit and dollar market share substantially. In the U.S., GoPro still holds a massive chunk of the dollar and unit share, 96 percent and 87 percent, respectively. And for the 19th straight quarter, GoPro is the No. 1 selling camera by unit volume in North America.

The company is also still growing its social channels, reaching a 21-month high in September.

GoPro recently revamped its camera line up in time for the holiday quarter. Yet GoPro is still struggling, at least seemingly, at convincing owners to buy another unit. While GoPro annually releases the latest and greatest action camera, most owners I’ve talked to are satisfied with the capabilities of the GoPro they purchased previously.

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Nov
01

Older Americans are driving growth for Netflix-like services in 2018, and it could be a bad omen for traditional TV

After a plateau in the US, subscriptions to streaming services are growing again thanks to a boom in Netflix and Hulu subscribers this year, a report from Ampere Analysis found.

The report found that subscriptions to SVOD — streaming video on demand — services had steadily increased from the third quarter of 2015 until the first quarter of 2017, when numbers began to stagnate. But subscriptions have been rising consistently since the beginning of this year, according to Ampere.

Ampere Analysis

Toby Holleran, an Ampere senior analyst, told Business Insider that an older generation rooted in pay TV was catching on to the benefits of SVOD services.

"Traditional users were more ingrained in the pay-TV space, and there was slightly less awareness of SVOD during that period" of plateauing, he said, "whereas now, especially with older demographics, we're starting to see more and more growth in those."

"I feel the plateauing was taking place among younger demographics because they formed such a large proportion of the overall SVOD base, whereas now with older demographics slowly familiarizing themselves with SVOD that's actually starting to grow again," he added.

That could be bad news for pay-TV companies, which could see an acceleration in cord-cutting if older generations find a viable alternative in streaming.

Read more: Data suggests that Hasan Minhaj's 'Patriot Act' could succeed where other Netflix talk shows have failed

Exclusive content is also key for streaming services, Holleran said, as Netflix has been heavily investing in its catalog of original content in an effort to have 1,000 original TV shows and movies by year's end. Hulu also has acclaimed shows like "The Handmaid's Tale," which won the Emmy for best drama last year.

As the SVOD landscape rapidly evolves, more players are entering the game. Disney is set to launch a competitor late next year and is already developing Marvel and "Star Wars" TV series for it. Meanwhile, AT&T recently announced it would roll out a service next year that would include HBO.

That could lead to a new form of SVOD bundle — but Holleran urged caution, saying that the best course of action for streamers is to give users as many options as possible for the best price.

"I think forcing bundles upon people might not be the best move," Holleran said. "It depends on the price point. Additional costs may turn away consumers who may only want to take one service."

Original author: Travis Clark

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Jun
08

10 things in tech you need to know today

The same day that thousands of employees walked out of Google headquarters in protest of sexual misconduct allegations against company executives, Google CEO Sundar Pichai gave an expansive interview at New York Times Dealbook conference in New York.

"How do you feel…right this second, when you see these headlines, what are you thinking?" asked New York Times editor at large Andrew Ross Sorkin on stage at the conference.

"This anger and frustration within the company — we all feel it," said Pichai. "I feel it too. At Google we set a high bar and we clearly didn't live up to our expectations. The first thing is to acknowledge and apologize for past actions. Words alone aren't enough, you have to follow up with actions."

Read more: PHOTOS: Google employees all over the world left their desk and walked out in protest over sexual misconduct

"We didn't always get it right," Pichai continued. Previously, he a pologized to employees in a company-wide e-mail.

Thursday's walkouts were the result of a New York Times report published last week that revealed multiple allegations of sexual misconduct against former Google executive Andy Rubin, known as the "father of Android." The Times report also said that Rubin was given a $90 million severance package when he left Google, following an internal investigation into his behavior.

While Pichai admitted that the company is still grappling with questions raised by the report including whether or not employees should be expected to sign confidentiality agreements in cases of sexual harassment, he said that Google hopes to evolve as a company.

"Moments like this show that we didn't always get it right," Pichai said, referring to the New York Times report.

Pichai emphasized that Google still hopes to champion one of the company's cardinal tenets: a culture of openness and transparency. Pichai also said that he applauded the women who had come forward with allegations of sexual harassment.

"I want to acknowledge the women who step up to do this," he said. "It takes extraordinary courage and we want to support them better."

Beyond discussing Google's culture, Pichai's remarks touched on China, matters of regulation, and the continuing importance of artificial intelligence.

Original author: Zoë Bernard

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Nov
01

Netflix's 'The Haunting of Hill House' director explains how he kept the show's biggest mystery hidden

There are plenty of mysteries in Netflix's hit new horror series, "The Haunting of Hill House," but the biggest was hidden in plain sight the entire time.

That means that director Mike Flanagan had to go to great lengths to keep the secret of the "Red Room" hidden from the audience. Throughout the first season, the characters are unable to open a red door when living in the haunted Hill house as children. When they return to the house as adults, they finally discover that they had each actually been in the room countless times, and it acted as their own personal spaces that nobody else could unlock.

Flanagan told The Wrap that to conceal what the Red Room was from viewers, the set was "constantly refined."

"But we needed one element to be constant so that once the reveal occurred, a second viewing would feel like it was always obvious," Flanagan said. "We chose that distinct vertical window. We also made sure to shoot the room from the same angle in all of the episodes leading up to it, so that even the camera framing was familiar. We really just hoped that Hill House was so sprawling, people would assume there were just a lot of rooms they hadn't seen. What's odd if they look a little similar?"

READ MORE: Netflix's 'The Haunting of Hill House' cast revealed what disturbed them most about the show

Flanagan also explained why the room never opened for Hugh Crain, the father of the series, played by Henry Thomas in the past and Timothy Hutton in the present.

"Hugh is a man who fixes things," Flanagan said. "He exerts control over the house, on a physical level. He is in charge of the physical work being done to it, and that gives him a sense of security, comfort, and order. To put him in a position where he is incapable of something as simple as opening a door strikes to the very heart of his confidence as a character. Between that and the mold, I think it erodes his sense of competence, and everything else tumbles for him as a result."

But that doesn't mean that Flanagan didn't envision what the room would be like for Hugh, saying that it would have been "full of tools and other things from his work."

Original author: Travis Clark

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Jun
09

Bringing iPhone apps to the Mac won't stop its slow march to the grave — the future is the smartphone (AAPL)

When traveling during the holiday season, there's always a risk for weather disruptions and flight cancellations. Knowing which airports would be the best and the worst to be stranded in for an extended period of time seems like helpful information.

Luckily, one travel aggregator decided to study this scenario and make a definitive ranking.

Orbitz.com, a top travel website featuring searches and booking data for hotels, flights, car rentals, cruises, and vacation packages, recently completed a study where they published findings on the best and worst airports to be stranded in during the holiday season.

Using only the 15 busiest airports in the U.S. included in a 2017 Port Authority of New York and New Jersey Airport Traffic Report, Orbitz then studied certain aspects about each travel hub to determine how attractive each one is to be stuck in.

Orbitz's methodology included nine specific metrics: number of shopping outlets, number of dining outlets, WiFi speed, number of members-only lounges, the price of members-only lounges, the number of public lounges, the price of public lounges, the percentage on flights leaving on time, and the percentage of flights canceled.

They applied points to each metric on a scale of 0-10, with 10 being the highest, and then divided the difference of the highest and lowest number within each metric in order to grant points where other airports sat relatively on the scale.

Read more:These are the 15 coolest things at airports around the world

The study used over 18 separate websites and included information from the Bureau of Transportation.

"We know most travelers can't realistically pick and choose which airports to avoid this holiday season," said Carey Malloy, brand director at Orbitz brand in a public statement. "But even if you're traveling to an airport near the bottom of the list, this information can help you plan a more rewarding trip. Whether that's peace of mind knowing you can quickly download a last-minute movie for the kids at Sea-Tac or as extravagant as ice skating at the Denver airport before takeoff, this list is here to help."

Take a look below at how each of the 15 busiest airports in the country scored, ranked from lowest to highest.

Original author: Brian Pascus

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Apr
27

Aloe Bud is the adorable self-care app you’ve been waiting for

Following is a transcript of the video.

Matthew Walker: My name is Matthew Walker, I am a professor of neuroscience and psychology at the University of California, Berkeley, and I am the author of the book "Why We Sleep."

We certainly know that a lack of sleep will actually prevent your brain from being able to initially make new memories, so it's almost as though without sleep the memory inbox of the brain shuts down and you can't commit new experiences to memory. So those new incoming informational emails are just bounced, and you end up feeling as though you're amnesiac. You can't essentially make and create those new memories.

We also know that a lack of sleep will lead to an increased development of a toxic protein in the brain that is called beta-amyloid and that is associated with Alzheimer's disease because it is during deep sleep at night when a sewage system within the brain actually kicks in to high gear and it starts to wash away this toxic protein, beta-amyloid.

So if you're not getting enough sleep each and every night, more of that Alzheimer's-related protein will build up. The more protein that builds up, the greater your risk of going on to develop dementia in later life.

What are the effects of sleep deprivation on the body? Well, there are many different effects. Firstly, we know that sleep deprivation affects the reproductive system. We know that men who are sleeping just five to six hours a night have a level of testosterone which is that of someone ten years their senior. So a lack of sleep will age you by almost a decade in terms of that aspect of virility and wellness.

We also know that a lack of sleep impacts your immune system. So after just one night of four to five hours of sleep, there is a 70% reduction in critical anticancer-fighting immune cells called natural killer cells. And that's the reason that we know that short sleep duration predicts your risk for developing numerous forms of cancer. And that list currently includes cancer of the bowel, cancer of the prostate, as well as cancer of the breast.

In fact, the link between a lack of sleep and cancer is now so strong that recently the World Health Organization decided to classify any form of nighttime shift work as a probable carcinogen. So in other words, jobs that may induce cancer because of a disruption of your sleep rate rhythms.

We also know that a lack of sleep impacts your cardiovascular system because it is during deep sleep at night that you receive this most wonderful form of effectively blood pressure medication. Your heart rate drops, your blood pressure goes down.

If you're not getting sufficient sleep, you're not getting that reboot of the cardiovascular system, so your blood pressure rises. You have, if you're getting six hours of sleep or less, a 200% increased risk of having a fatal heart attack or stroke in your lifetime.

There is a global experiment that is performed on 1.6 billion people twice a year and it's called daylight savings time. And we know that in the spring, when we lose one hour of sleep, we see a subsequent 24% increase in heart attacks the following day.

Another question, perhaps, is what is the recycle rate of a human being? How long can we actually last without sleep before we start to see declines in your brain function or even impairments within your body? And the answer seems to be about 16 hours of wakefulness.

Once you get past 16 hours of being awake, that's when we start to see mental deterioration and physiological deterioration in the body. We know that after you've been awake for 19 or 20 hours, your mental capacity is so impaired that you would be as deficient as someone who was legally drunk behind the wheel of a car. So if you were to ask me what is the recycle rate of a human being, it does seem to be about 16 hours and we need about eight hours of sleep to repair the damage of wakefulness. Wakefulness essentially is low-level brain damage.

EDITOR'S NOTE: This video was originally published on December 26, 2017. Lamar Salter contributed reporting on a previous version of this article.

Original author: Noah Friedman

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Nov
01

The Obamas' first acquisition for their Netflix deal is the rights to a book that depicts the US as 'under attack by its own leaders'

The Obamas have acquired the rights to Michael Lewis' new book, "The Fifth Risk," as part of their production deal with Netflix to make original TV shows and movies. Lewis confirmed the deal on a Katie Couric podcast, The New York Times reported.

"The Fifth Risk" is critical of Trump and his administration at its very core. Its publisher's description starts with the question, "What are the consequences if the people given control over our government have no idea how it works?," and describes the US government as "under attack by its own leaders."

This choice of a first (publicly confirmed) project will no doubt stoke the ire of conservatives, many of whom have been furious at Netflix for both the Obama deal and the presence of Susan Rice on its board of directors.

A spokeswoman for the Obamas' company told The New York Times that the project would not be used to take shots at Trump. It would instead be a "humorous series demystifying the little-known ways in which federal agencies improve our lives and serve our nation, from the food we eat to the planes we travel on."

Regardless of how political it turns out, it is unlikely that it will hurt Netflix's bottom line.

Despite online threats to boycott Netflix for a perceived anti-conservative bias, in an August survey conducted by AlphaHQ for Business Insider, of those surveyed who had once subscribed to Netflix, but then canceled, only 5% said it was for political reasons.

Netflix declined to comment and an Obama spokeswoman told Business Insider that "we are exploring projects but nothing has been green-lit at this stage."

Original author: Nathan McAlone

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Jun
08

The Netflix of China is on a hot streak with millennial investors (IQ)

Apple has finally added group video chats to its iPhones and iPads, thanks to an iOS update released Tuesday to devices.

The group video calling feature is a highly anticipated addition to Apple devices. FaceTime now supports video chats with up to 32 participants, as well as the use of stickers, face and lens filters, and Animoji.

The tech company revealed Group FaceTime at its annual developer's conference in June, but ended up pushing back the release from its initially scheduled date. Not to mention that the ability to group video chat has been available for years via apps like Google Hangouts and Skype, and more recently through Snapchat and WhatsApp.

Unfortunately, group video calling is only fully available on devices that are an iPhone 6s or later, iPad Pro or later, iPad Air 2, or iPad Mini 4. If you have an earlier model of an iPhone, iPad or iPod touch, you can still join, but as an audio-only participant.

You'll want to make sure your device is updated to the latest version of iOS, because you won't be able to start a group video chat with anyone whose hasn't. You can check if you have iOS 12.1 by going to Settings>General>Software Update.

Here are the many ways to use Group FaceTime e on your Apple device:

Original author: Paige Leskin

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Jun
21

The evolution of the Corvette from America's sports car to a global powerhouse

Apple provided soft guidance for its all-important holiday quarter which fell on the low end of analyst expectations, and iPhone sales were essentially flat from last year and below analyst expectations.

The stock fell over 7% in after-hours trading.

Apple projects that it will generate between $89 billion and $93 billion in the holiday quarter, versus Wall Street consensus expectation of $92.74 billion.

On the bright side for Apple investors, the average price of an iPhone was up 28% from last year, driving huge gains in profit per share, which was up 40% year-over-year. Revenue was also up 20% from last year.

Apple also highlighted its services revenue, which reached $10 billion. That segment is comprised of fees from companies like Google, revenue from the App Store, and services like iCloud and Apple Music. Apple also noted that it shipped its 2 billionth device running iOS in the past quarter.

"We are heading in to the holiday quarter with our strongest product lineup ever, and we could not be more bullish on Apple's future," Apple CEO Tim Cook said on a conference call with analysts.

According to Apple's CFO Luca Maestri, the company spent over $23 billion on dividends and share repurchases in the quarter, bringing Apple's total capital return for its fiscal 2018 to "almost $90 billion."

Another factor in Apple's slide was that the company announced that it would no longer reveal unit sales for its hardware, which are metrics that investors use to see if Apple's business is growing.

While Apple will still report revenue by product line, investors and analysts will now need to estimate total unit sales and average selling price.

"As we have stated many times, our objective is to make great products and services that enrich people's lives, and to provide an unparalleled customer experience, so that our users are highly satisfied, loyal, and engaged," Maestri said.

"As we accomplish these objectives, strong financial results follow. As demonstrated by our financial performance in recent years, the number of units sold in any 90-day period is not necessarily representative of the underlying strength of our business," he continued.

"Our installed base is growing at double digits, that's probably a much more significant metric for us from an ecosystem point of view and customer loyalty, et cetera," Cook explained.

At first, investors appeared to be unenthusiastic about yet another quarter where Apple seemed to be wringing more money out of flat sales, with Apple's share price down about 4% after earnings were released.

But investors seem to have strongly disliked that Apple will limit its unit sales disclosure, and the stock tumbled farther, trading down 7% in after-hours trading.

Notes from Apple's conference call with investors:

6:01: Thanks for tuning in, we're done here!

5:58: Apple won't announce unit sales going forward, bringing the possibility that unit sales are going to go negative. Maestri is taking all unit-oriented questions. "One of the things we are doing and it's in addition to the information we're going to provide to investor, is starting with December quarter, we're going to be providing information for revenue and cost of sales for both products and services. First time gross margin for services ... We can assure you it's our objective to grow unit sales for every product category we have ... Unit sales for iPhone at top end of line have been very strong for September quarter, we're attracting customers to most recent ... you don't see that in the number that's reported ... we'll provide qualitative commentary when it's relevant ... we make decisions to optimize revenue and gross margin dollars."

Tim Cook added: Our installed base is growing at double digits, that's probably a much more significant metric for us from an ecosystem point of view and customer loyalty, etc. This is a little bit like if you go to the market and you push your cart up to cashier, she says, how many units do you have in there. It doesn't matter a lot in terms of the overall value of what's in the cart.

5:56: Question about India. Tim Cook expects to be able to open stores eventually on the sub-continent. "Discussions are going quite well ... I am a big believer in India."

5:53: "These trade relationships are large and complex," Cook says.

5:52: Question about trade and Chinese supply chain. Tim Cook says, "they're kind of manufactured everywhere." Says R&D is done in United States, and parts come from everywhere.

5:51: Tim Cook on AR: A year ago, we came out with ARKit 1 ... we recently came out with ARKit 2, the number of things you can do are growing significantly, the number of developers that have done something or working on something is growing tremendously, categories from gaming to shopping ... in China, saw it in an art exhibit, I was in Berlin and saw it being used in a historical educational kind of sense, I'm seeing it everywhere I go now. We are in early days, and it will keep on getting better and better, but happy with where things are at the moment.

5:49: We want to double services from 2016 by 2020, and Apple is still on pace to achieve that, Maestri said.

5:48: We have a very large and growing install base, Luca Maestri says, all product categories is at all-time high. We've added new services to our portfolio, we've added advertising business on App Store, and would want to continue to offer new services over time.

5:46: "Our intention is to continue to give revenue guidance at the company level, and gross margin in the other categories, our guidance isn't changing, it's our report that's changing," Cook said.

5:43: Here's the full reasoning why Apple is not providing hardware unit sales going forward:

5:41: Maestri gave an answer about headwinds, providing no insight into why guidance for the next quarter is soft.

5:39: Apple on health. "Non-monetized services so far, don't want to talk about the future, but this an area of major interest to us."

5:38: Tim Cook: Subscription business itself is nearly as broad as the App Store itself is. And that's the value proposition, the vast majority of people are very happy with it, including the most important people, which are the user.

5:36: Tim Cook:"Slowdown or moratorium on new game approvals...new regulatory setup in China, things are not moving the way they were moving previously, we did see a few games approved recently, but it's very far below the historic case."

5:31: Questions have started. BAML asking about deceleration in App Store in emerging markets. Certain markets "are not growing the way we'd like to see," Cook said.

5:29: Other products, which includes products like HomePod and Apple Watch, will be renamed to "Wearables, Home, and Accessories."

5:29: No more unit sales data for iPhone, iPad and Mac starting next quarter. This takes away one of the biggest signals investors look for. Maestri said that sales don't properly reflect the breadth of Apple's value proposition.

5:27: Apple will start reporting revenue as well as cost of sales for total products and total services starting next quarter, Maestri says.

5:25: Apple's net cash position is $122.6 billion, once you subtract debt from its cash pile, Maestri says. Also spending a lot of time talking about how much Apple's spend on share buybacks and dividends.

5:23: Deployment of iOS is growing with retailers, Maestri says, highlighting Apple's enterprise business. Lots of little enterprise nuggets in his prepared remarks.

5:20: Apple is on pace for its 2020 goal for services revenue, Maestri says. There are 30,000 subscription apps on the App Store, largest accounts for 0.03% of services revenue, Maestri said.

5:18: CFO Luca Maestri going through regions and satisfaction surveys. The action on these calls happens during the question and answer period, anyway.

5:14: Tim Cook highlights two items that doesn't show up in financial statements. First, education: More than 5000 schools are now using "Everyone Can Code," a free coding curriculum from Apple. Next, environment: Milestone year for Apple's commitment to the planet. In April it announced that 100% of global operations are powered by renewable energy and now it's working on the supply chain. Says that aluminum for MacBook Pro will be 100% recycled, a new alloy "developed by Apple."

5:13: 74,000 kids attended "Apple Camp," a session at Apple stores, Tim Cook says.

5:12: Apple Watch will be able to identify irregular heartbeats soon. We look forward to making more contributions to the health space, Tim Cook says.

5:10: Tim Cook calls the new Mac Mini "small but muscular." Wearables, which includes headphones and Apple Watch, was up 50%.

5:09: Tim Cook keeps talking about record revenue without mentioning flat unit sales.

5:08: Tim Cook says that services growth was 27% and that App Store, iCloud, AppleCare and Apple Pay all hit records. Spends some time talking about Apple Pay stats: transaction volume tripled, and compares it favorably to PayPal.

5:03: Tim Cook says it's the best September quarter ever. "Our revenue grew by a Fortune 100 company this past year."

5:01: We're getting started. Tim Cook is speaking. The Brooklyn event is an "exclamation point" on 2018 and he says this year had the strongest fiscal results in Apple's history.

4:54: We're waiting to get started. You can listen in here, from any browser, including Google Chrome.

Here is what Apple reported:

Q4 EPS: $2.91, up 40% year-over-year, versus expectations of $2.78 Q4 Revenue: $62.9 billion, up 19.5% year-over-year, versus expectations of $61.44 billion Gross margin: 38.2%, up 0.7% year-over-year, versus expectations of 38.3% iPhone units sold: 46.9 million, up 0.4% year-over-year, versus expectations of 48.4 million iPhone average sales price: $793, up 28% year-over-year, versus expectations of $729 iPad units sold: 9.6 million, down 6% year-over-year Mac units sold: 5.3 million, flat year-over-year Q1 2018 guidance: Between $89 billion and $93 billion versus consensus expectation of $92.74 billion

Here are the key tables, directly from Apple:

Apple

Apple

Charts:

BI Intelligence BI Intelligence BI Intelligence BI Intelligence BI Intelligence

Original author: Kif Leswing

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Jun
21

Former Pinterest employees say that despite the company's upbeat product, it was a toxic and difficult place to work

For consumers seeking alternatives to linear TV, the options seem boundless.

Walmart, WarnerMedia, and Disney have all announced options coming to market — not to mention digital upstarts like Netflix, Hulu, or YouTube.

But armed with an arsenal of NBCUniversal content and the largest cable TV subscriber base in the US, Comcast isn't looking to join the list of companies offering overt-the-top (OTT) services, or television delivered over the internet.

"When you look at over-the-top services, it's very difficult for us to identify a business model that makes sense, especially when you see some players selling video at a negative gross margin," Matt Strauss, the executive vice president of Xfinity Services, told Business Insider. "Out of footprint OTT doesn't look nearly as attractive to us as the opportunity to continue to grow our broadband share in footprint and to deliver other products and services as part of that broadband."

Comcast seems so averse to the thought of streaming that Strauss mentioned the ability to bundle other products and services, like Xfinity home security, as a more attractive upside opportunity for the company than a streaming service.

Perhaps prior attempts at streaming contribute to Comcast's reticence to jump into the field. NBC shuttered its comedy streaming service Seeso last year, and couldn't get the app Watchable off the ground.

The timing of Comcast's aversion to streaming is interesting. A highlight of the third quarter earnings call was a separate presentation on Sky, which Comcast recently acquired. Sky already has an OTT service called Now TV, and with 23 million satellite subscribers in Europe, Comcast now has a large customer base to convert over to OTT subscribers.

That option is so attractive that some analysts predicted Comcast might focus on a global Netflix challenger, building out Now TV, which already has a strong content portfolio with exclusive rights to run HBO shows like "Game of Thrones" and "Westworld" across Europe, as well as the majority of Premier League TV rights and exclusive rights to the German Bundesliga. Comcast also has a 30% stake in Hulu, with majority ownership from Disney, which would directly compete with Comcast's newly-acquired Now TV, Sky's OTT platform. That has led some analysts to predict Comcast will sell its Hulu stake.

"Comcast may divest its stake in Hulu given it will now have its own Now TV platform and would likely have no interest in feeding its content to a direct competitor to both sides of its business," according to a research note by Cowen analysts.

In the US, Comcast's recent attention has been on the OTT integrations on its X1 set-top box.

X1 is the number one platform for Netflix in its footprint, according to Strauss, and Comcast has integrated YouTube service into its platform, with Amazon Prime Video coming soon. Comcast's goal is to offer to customers a seamless way to access all of its content in one place.

"We really see X1 as the premium destination for allowing customers to get access to all of their TV choices in one place," Strauss said. "Some say the future of TV is apps, we really believe it is more and more around aggregation."

Original author: Abby Jackson

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Nov
01

1Mby1M Virtual Accelerator Investor Forum: With Milos Sochor of Y Soft 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 Milos Sochor was recorded in September 2018. Milos...

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Original author: Sramana Mitra

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Nov
01

Foursquare partners with TripAdvisor

Foursquare, the former location-based social network turned enterprise location data platform, has today announced a new partnership with TripAdvisor.

TripAdvisor will be using Foursquare’s Pilgrim SDK, launched in March 2017, to help the platform better serve users with contextually relevant, real-time information based on their location.

Alongside the 13 billion check-ins accumulated on Foursquare’s apps since inception, the company also has analytics based on a consumer panel of more than 70 million people in the U.S. — 10 million of whom have opted into always-on location sharing. This data is the same data that powers Foursquare’s own apps, like, for example, when you get a push notification with a menu tip as you sit down for dinner at a restaurant.

Pilgrim SDK and Foursquare’s other enterprise products give other apps the ability to communicate with users with contextual relevance, and that’s what TripAdvisor is looking to do through this partnership.

TripAdvisor recently launched a new app and website that focuses on social sharing and personalized recommendations. Foursquare’s Pilgrim SDK complements TripAdvisor technology, ensuring that hyper-personalized recommendations are truly accurate.

TripAdvisor reaches more than half a billion users worldwide, which significantly increases the pool of user data Foursquare can potentially access.

This comes on the heels of Foursquare’s Series F financing round, which was announced last month.

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Jun
21

Thought Leaders in Healthcare IT: IntelyCare CEO David Coppins (Part 1) - Sramana Mitra

The past decade in retail has been the golden age of direct-to-consumer (D2C) and digitally native vertical brands (DNVBs) that use the internet to communicate with customers, execute transactions, handle distribution and offer better economics.

But as small independent startups have scaled into unicorn territory and as countless brands have saturated digital channels, customer acquisition has gotten harder and costlier. Companies are now trying to meet customers with different purchase habits by developing physical stores. 

However, building an effective brick-and-mortar presence can be expensive and risky for DNVBs, requiring resources outside their core competencies. Chicago-based startup Leap is hoping to make it easier for digital brands to grow physical retail footprints without the typical risks of store development by taking care of the entire process for them.

Leap offers a full-service platform covering the complete life cycle of a brand’s brick-and-mortar launch.  In addition to owning the lease and the financial commitments that come with it, Leap covers everything from staffing, experiential design, tech integration and even day-to-day operations. 

(Photo by Alexander Scheuber/Getty Images)

Less than a year since its founding, Leap announced today the launch of its first store and the close of a $3 million seed round, led by Costanoa Ventures, with participation from Equal Ventures and Brand Foundry Ventures.

The debut store will act as the first Chicago location for Koio, the high-end D2C sneaker brand backed by headline-grabbing names like the Winklevoss twins, director Simon Kinberg and actor Miles Teller. 

Instead of paying a monthly lease fee, along with all the other variable costs associated with operating a physical store, companies like Koio pay Leap on a percent of sales basis, effectively minimizing risk and incentivizing performance. 

On top of minimizing development expense for brands, Leap believes its customer insights and intelligent logistics platform can help improve shopper engagement, increase customer traffic and drive brand lift. If the startup’s thesis proves true, brands can improve both sides of their brick-and-mortar unit economics by reducing customer acquisition costs and amplifying customer value.

At its core, Leap simplifies a DNVB’s physical retail operations into a single line item on its P&L, allowing the company to focus on brand building and supply chain rather than retail strategy, while also allowing them to scale faster. 

With the latest fundraise, the company hopes to build out its team and continue new location expansion.  Longer-term, Leap’s co-founders hope to build a vast network of sites that can help provide intelligence around new store development and shopper preference.

“We want to be the platform to help brands go to market in the offline space”, said co-founder Amish Tolia.  “We want to help brands build direct-to-consumer relationships in local neighborhoods across the country and enable them to focus on what they’re best at. Enable them to focus on product innovation, supply chain management, great marketing and brand building.”

A glimpse into the future retail

While Leap’s value proposition is straightforward, its business model points to a bigger trend in the world of retail.  

By opting to sell its software and brick-and-mortar services rather than creating its own brands, Leap effectively acts as a “retail-as-a-service” platform. The as-a-service strategy is already quietly growing in popularity in the retail space, with companies like b8ta, the Internet of Things gadget retailer, launching its hardware-oriented “Built by b8ta” platform earlier this year.

Though likely heavy in upfront capital costs, retail-as-a-service businesses don’t have the same constant concern around supply chain, manufacturing, consumer acquisition and marketing spend. And in certain pricing models based on a monthly fee or percent of square footage basis, platforms can see more stable revenues relative to pure retail startups.

From a brand perspective, DNVBs have been looking for ways to extend growth runways while minimizing the cost and uncertainty that deterred them from physical stores in the first place. The as-a-service model can make brick-and-mortar retail a much more scalable engine, possibly even cooling rising concern around bubbling consumer valuations.

As more of the young digitally born D2C giants resort to as-a-service companies to find marginal customers, we may see the rise of a new set of startups fighting to establish themselves as the platform on which brands operate.

If the last decade was defined by retail online, it’s possible that the next decade will be defined by retail-as-a-service.

And if you find yourself in Chicago, feel free to check out the Leap-enabled Koio Store at 924 W Armitage in Lincoln Park.

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Nov
01

Peak Theory lines up media partners and funding as Cubcoats becomes a phenomenon

With a planned cartoon series coming up, partnerships in place with Major League Baseball, NBCUniversal and other media companies of heroic proportions, the founders creating the kids clothing phenomenon, Cubcoats, are on a roll.

Peak Theory, launched by longtime friends Zac Park (who’s 29) and 35-year-old Spencer Markel, is the company behind Cubcoats, a hoodie that transforms into a puppet (or a puppet that transforms into a hoodie?). With their first product, the two founders have achieved the kind of viral success in its first year that most companies only dream of.

Markel, a former mergers and acquisitions lawyer with DLA Piper, and Park, a product director at the design agency AKQA, first met in San Francisco through a mutual friend, and almost immediately began planning their escape from the corporate world.

Peak Theory founders Zac Park and Spencer Markel

“We thought to ourselves, what can we create that would bring over a novel and sticky concept that could sell well to parents and create a lasting brand relationship with kids,” Park said, in a statement. “We wanted a product that a child would get attached too, grow up with, and want to gift to their future kids.”

The two self-described kids at heart hit upon the idea of Cubcoats through a mutual love of Transformers and Mighty Morphin Power Rangers as children (and maybe as adults as well).

“We don’t have any kids, we were just big kids,” said Markel. 

They started the process of creating hundreds of prototypes in September 2016, and by November of 2017 had hit upon the final designs for eight different puppets that turned into zippered hoodies for children. Each animal-inspired puppet had different characteristics and personalities and each came with a story tied to it.

The two-in-one clothes went viral. In its first full year, Cubcoats expects to pull in somewhere between $2 million and $5 million in revenue, according to the two founders. By July, 2018, the company had sewn up $5 million in financing from a who’s who of entrepreneurs and celebrity investors.

Institutional investors, including strategic partner Major League Baseball and celebrity investor Will Smith’s Dreamers Fund, came on board. So did individual angel investors like FabFitFun co-founders Daniel and Michael Broukhim, the actress Hilary Duff, Schwarzenegger scion, Patrick Schwarzenegger and Jen Rubio, the co-founder of Away.

The Harmon Brothers video production company, which is behind a number of direct-to-consumer marketing hits like the mattress company Purple and others is collaborating on a series of videos with the Peak Theory team and investing in the company, as well.

The idea of the company is to create a brand that’s not just the two-in-one Cubcoat,” said Markel.  “We’re trailblazing a new area of consumer products that we think will be pretty hot. There’s a burgeoning space in two-in-one products. We’re uniquely situated to design these two-in-one products and build our own IP in terms of content.”

Big media and entertainment companies are already clamoring to work with Peak Theory, the company said. Professional sports teams and leagues like Major League Baseball are only the first companies to publicly disclose their interest in the company.

“We’re two big kids at heart with very whimsical dreams,” said Markel. “We’ve tried very hard to be two people who are not necessarily from the industry to come in and create a novel industry and rethink some of the way we do consumer products… it’s been really fun.”

The company plans to expand the Cubcoats line to Canada, Australia and across Asia in 2019 — meaning popular favorites like Kali the kitty and Tim the puppy will be popping up in cities from Sydney to Seoul in addition to Seattle.

Peak Theory has partnered with Nordstrom for the holiday season to sell its Cubcoats in roughly 100 of its locations and will have pop-up shops of its own at The Grove mall in Los Angeles and the Americana mall in Glendale, Calif.

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Nov
01

1Mby1M Virtual Accelerator Investor Forum: With Ravi Mohan of Shasta Ventures (Part 4) - Sramana Mitra

Sramana Mitra: Could you take us through a bit of the thinking for your portfolio strategy in B2C? Both trends that you’re seeing as well as where your bets are. Ravi Mohan: Every new communications...

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Original author: Sramana Mitra

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Sep
12

Bonnie Ross leaves 343 Industries after 15 years

Rockset, a startup that came out of stealth today, announced $21.5M in previous funding and the launch of its new data platform that is designed to simplify much of the processing to get to querying and application building faster.

As for the funding, it includes $3 million in seed money they got when they started the company, and a more recent $18.5 million Series A, which was led by Sequoia and Greylock.

Jerry Chen, who is a partner at Greylock sees a team that understands the needs of modern developers and data scientists, one that was born in the cloud and can handle a lot of the activities that data scientists have traditionally had to handle manually. “Rockset can ingest any data from anywhere and let developers and data scientists query it using standard SQL. No pipelines. No glue. Just real time operational apps,” he said.

Company co-founder and CEO Venkat Venkataramani is a former Facebook engineer where he learned a bit about processing data at scale. He wanted to start a company that would help data scientists get to insights more quickly.

Data typically requires a lot of massaging before data scientists and developers can make use of it and Rockset has been designed to bypass much of that hard work that can take days, weeks or even months to complete.

“We’re building out our service with innovative architecture and unique capabilities that allows full-featured fast SQL directly on raw data. And we’re offering this as a service. So developers and data scientists can go from useful data in any shape, any form to useful applications in a matter of minutes. And it would take months today,” Venkataramani explained.

To do this you simply connect your data set wherever it lives to Rockset and it deals with the data ingestion, building the schema, cleaning the data, everything. It also makes sure you have the right amount of infrastructure to manage the level of data you are working with. In other words, it can potentially simplify highly complex data processing tasks to start working with the raw data almost immediately using SQL queries.

To achieve the speed, Venkataramani says they use a number of indexing techniques. “Our indexing technology essentially tries to bring the best of search engines and columnar databases into one. When we index the data, we build more than one type of index behind the scenes so that a wide spectrum of pre-processing can be automatically fast out of the box,” he said. That takes the burden of processing and building data pipelines off of the user.

The company was founded in 2016. Chen and Sequoia partners Mike Vernal joined the Rockset board under the terms of the Series A funding, which closed last August.

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Nov
01

I Was That Kid. Were You? #MakingChangemakers

Watch the following one minute video and ponder whether or not you were that kid (or have one of those kids.)

I was totally that kid. But, most of it was in my mind, which I why I ended up being a software version of that kid. About the only machine I played with was my Apple ][ because it was a computer. I hated the lawnmower, never worked on cars, was afraid of the Cuisinart we had (and all the sharp blades), ignored power tools, and stayed away from anything that plugged into an electrical socket on the wall.

Ironically, I have excellent hand-eye coordination which I think came from three things: (1) playing video games, (2) playing tennis, and (3) having crummy eyesight.

I still have crummy eyesight. Even though my glasses correct most of it, I know that my brain works extra hard to compensate for it. So, as a kid, even though I played a lot of sports, I often played them without my glasses on which made some things worse but forced me to work even harder to deal with hand-eye coordination.

I didn’t realize until I was an adult that I have a very difficult time with any sort of near vision stuff (I’m very nearsighted and have terrible astigmatism.) When I reflect on this, I realize that I avoided doing anything that required near-focus mechanical dexterity. So, I spent a huge amount of time in my head. You would often observe me sitting around programming the computer, or reading, or going for long runs and pondering things by myself.

I wish I’d had littleBits then. While I did fiddle around with the hardware on my Apple ][, I avoided anything else that included tools, wires, nails, bolts, and screws. That was a huge miss on my part, as I’ve found that I love to play around with physical hardware products and electronics as an adult. And, I love to invest in companies that make hardware that makes physical stuff, especially for kids.

So – if you are that kid, or have that kid, jump into things with littleBits. Post something on social media as part of their #MakingChangemakers campaign. Write a blog post about why being that kid helped you achieve what you are today. Share the video above. For every 100 RTs, shares or Likes your post receives, littleBits will donate a Code Kit to an at-risk classroom of your choice to celebrate that kid everywhere.

Also published on Medium.

Original author: Brad Feld

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Jun
29

TrendKite expands its PR analytics platform by acquiring Insightpool and Union Metrics

Spoke, a startup that wants to simplify the way companies add and process help desk tickets using artificial intelligence underpinnings, announced it has enhanced its AI engine to allow for more complex queries.

The company founders were working at Google after a previous startup had been sold to the search giant when they encountered a problem with help desk ticket processing. It was spread across different tools and generally was more complicated than they thought it needed to be.

Like all good entrepreneurs, when they left Google in 2016 and were looking for their next challenge, they decided to attack this pain point, which they felt acutely in their time at Google. Like many startups, that pain point gave rise to a new company: Spoke .

The product launched last March and the company already has 150 customers. The idea with the service is to provide an intelligent internal ticketing system, whether that’s for HR, IT or other internal help desks.

They wanted to make the tool as conversational as possible, so you simply enter a question or statement such as “the Wi-Fi is down in my conference room” or “how much vacation do I have left.” The system generally recognizes the type of request — Wi-Fi would go to IT and vacation to HR — and it moves the ticket through the system accordingly. If there is a relevant knowledge base article available, it might pull that as suggested reading. They say they have gotten to the point that 50 percent of requests can be resolved automatically without routing to a human.

Along the way, it keeps asking for feedback so that the artificial intelligence engine underlying the tool can learn what it got right and wrong and adjust accordingly in the future.

While the tool has its own complete interface, the founders recognized that people work in different ways, so they have also built integrations with Zapier (the workflow tool) and Slack, allowing customers to take that Spoke functionality and use it inside the tools they commonly use at work without explicitly having to open the Spoke tool.

The company has 20 full-time employees. Customers include DoorDash, Evernote and charity: water. They have raised $28 million.

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