Oct
15

Jeff Bezos: Today's internet is a 'confirmation bias machine' that could help autocratic regimes (AMZN)

After touting his space tourism mission (now set for 2019) and defending Amazon's work with the US Department of Defense, Jeff Bezos also weighed in on the current state of social media and the internet in general on Monday.

"I think the Internet in its current incarnation is a confirmation bias machine," the Amazon CEO said. "I worry that some of these technologies will be very useful to autocratic regimes to enforce their will."

Bezos, who was interviewed at the Wired 25 conference in San Francisco, California, thinks the problems with social media are worrisome, but similar to other technologies in their early phases.

"Having technology that increases confirmation bias probably isn't good. It is going to lead to more tribalism," he said. "The book was invented and people could write really evil books and lead bad revolutions with them. And create fascists empires with books. It doesn't mean the book is bad. Society develops an immune response eventually to the bad uses of new technology, but it takes time."

In Bezos' view, the current problems with social media — especially the issue of identity politics — will be corrected for over time and are worth the pains of today.

"A bunch of things are going to happen that we aren't going to like that come out of technology but that's not new. That's always been the case. And we will figure it out," he said. "The last thing we'd ever want to do is stop the progress of new technologies."

Original author: Nick Bastone

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Jun
24

Demand for fertility services persists despite COVID-19 shutdowns

"Fortnite: Battle Royale" will add a new tournament mode to the in-game events menu, giving players across all platforms a chance to play against each other in a competitive format. According to developer Epic Games, tournaments will be open to all players and will eventually be used to award prizes to top players and help them qualify for future "Fortnite" esports events.

Tournament competition takes place over the course over several days with different formats. Players will be awarded points based on how long they survive, and how many players they eliminate during each battle royale. Teams or individual players with high scores will be placed in matches with other high ranked players for a greater challenge, while those who struggle will be placed alongside beginners. Each tournament will have a target score and players who reach the target will earn an in-game pin to mark the achievement.

Tournaments will pit players from all platforms against each other, from PC to console to mobile devices, regardless of whether they use a regular controller, mouse & keyboard, or touchscreen controls. In the statement announcing in-game tournaments, Epic Games said that players will be on an even playing field regardless of what device or control scheme they prefer.

"We've been observing the performance of controller players in our Summer Skirmish, PAX West, and Fall Skirmish tournaments while playing against mouse and keyboard players at the highest levels of competition," the statement reads. "Competitors such as NickMercs, Ayden, KamoLRF, and AmarCoD have shown that controller players can be successful while competing against some of the best PC players in the world."

Epic says that grouping everyone into a single competition group will increase visibility for the best players and help increase prize pools. They will continue to monitor competitive results and are already considering limiting some esports competitions to specific platforms or control devices in the future. The first in-game tournament will be a event for solo players running from October 16 to October 21, and the second will be a "duos" tournament for partners playing between October 23rd and October 25th.

"Fortnite's" Fall Skirmish event series will culminate at TwitchCon 2018. "Fortnite"/Epic Games

"Fortnite" is also in the middle of its Fall Skirmish event, a series of weekly competitions with $10 million in prize money on the line. Epic invited 500 "Fortnite" players to compete in the event, dividing them into five different teams for the six-week skirmish season. The teams will split $4 million in prize money and players can earn points during skirmish events to improve their team's share. The rest of the $6 million prize pool is awarded to the winners of specific events each week.

The Fall Skirmish will conclude with a pair of in-person tournaments at TwitchCon 2018, held at the end of October. The first will be an open duos competition with a prize pool of more than $1.1 million split between the top 50 teams; the winning team will receive $400,000. The second competition will be an invitational event for 50 Fortnite content creators and 50 random TwitchCon attendees with another $350,000 in prize money.

You can watch the Fall Skirmish events each week on the official Fortnite Twitch channel. Nearly 80 million people played Fortnite during the month of August, and new content was recently released for season 6 of the game. Epic plans to invest $100 million in prize money for the 2018-19 competitive season, which will include the 2019 Fortnite World Cup.

Original author: Kevin Webb

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Sep
14

How to improve equity in mergers and acquisitions

I've tested and played with an impressive crop of high-end Android devices this Fall. But after spending a week with Google's new Pixel 3XL I was quickly reminded why, when it comes to choosing my day-to-day device, my SIM cards tend to stay in Pixel phones.

My appreciation for Pixel phones has never been about the design, but that's changed a little bit with the Pixel 3XL. Still, if I was basing my buying decision on purely design, I probably wouldn't land on the Pixel 3XL, despite the improvements.

The real beauty of Pixel phones has always been a mixture of getting an unadulterated Android experience, which would have been great on its own, as well as knowing that every photo I take is better on the Pixel 3XL than it is on any other phone.

Check out the Pixel 3XL, which goes on sale October 18:

Original author: Antonio Villas-Boas

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Jun
24

Privacy assistant Jumbo raises $8 million and releases major update

Twilio, the $7.4 billion company that helps apps and websites send texts and make calls, is acquiring SendGrid in an all stock deal valued around $2 billion. The transaction, which was announced Monday, is expected to close in the first half of 2019.

SendGrid, which is based in Denver, sells an email marketing platform that enables its customers to send newsletters, marketing and email confirmations en masse. As of late last year, it sent around 36 billion emails a month on behalf of customers like Uber and Spotify. Indeed, SendGrid is a Twilio partner, helping their mutual customers keep in touch with users.

The company went public in November 2017 and closed its first day of trading with a valuation around just $725 million. At the closing bell on Monday, SendGrid was valued at $1.43 billion.

In a letter to staff filed publicly on Monday, SendGrid CEO Sameer Dholakia confirmed that he will stay in his role, and that SendGrid will function as its own autonomous division of Twilio.

"Joining Twilio will allow us to accelerate our journey toward a shared vision of offering one trusted platform to fuel the future of customer communications," Dholakia said. "Today's announcement will enhance our brand among developers, give us immediate scale, and expand opportunities to cross sell and invest."

Twilio CEO Jeff Lawson highlighted the importance of email tools like SendGrid in Twilio's growth plan.

"Increasingly, our customers are asking us to solve all of their strategic communications challenges - regardless of channel," Lawson said in a statement.

"The two companies share the same vision, the same model, and the same values," he said. "We believe this is a once-in-a-lifetime opportunity to bring together the two leading developer-focused communications platforms to create the unquestioned platform of choice for all companies looking to transform their customer engagement."

Original author: Becky Peterson

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Jun
25

The Valence Funding Network: Connecting Black Talent with Capital

Facebook will show British voters which political parties, pressure groups, and other organisations might be paying to influence their vote and opinions through online advertising.

The decision means that, starting on Tuesday, Facebook will show how Labour, the Conservatives, the Liberal Democrats and other political parties and groups target voters with advertising.

The social network will on Tuesday release a library of political ads showing who has paid for individual political ads on its main site and on Instagram, approximately how much was spent, and which demographic the ad was aimed at. All ads will appear in the library, no matter how small the target audience is.

It will also label political ads in the News Feed with a "Paid for by" label showing which organisation is behind a paid post.

Any ad that references political figures, parties, elections, and legislation or referenda that are in the news will automatically be classed as a political ad. That means any ads relating to Brexit, next year's local elections, or anything about prime minister Theresa May or Labour leader Jeremy Corbyn would likely be classified as political advertising.

Facebook will use a mix of human moderators and machine learning to categorise ads. It will also rely on users to flag subtler political ads.

While Facebook will indicate spend on particular ads, it won't break down in detail how ads are targeted. For example, Facebook won't show whether a party targeted ads by "interest", which can sometimes indicate more sensitive information like race.

Facebook will add labels to political ads showing who paid for them. Facebook

Articles from British media relating to politics will also appear in the ads library, though under a separate label.

To try and stamp out fake actors posting divisive ads, Facebook will ask anyone who wants to post a political ad on behalf of a party, candidate, or organisation to go through a verification process.

Individuals posting a political ad will need some form of official ID, such as their driving licence, and a valid UK address before they are allowed to post a paid ad. Facebook will post a code to that address, which the individual will need to enter into the site before they can continue posting ads.

There is a grace period until November 7, before which political parties and individuals can self-identify as political advertisers. After that, Facebook will automatically begin categorising ads into its library. It will keep political ads in its searchable archive for 7 years, and that library will be available to anyone with or without a Facebook account.

The new tool was created directly in response to global criticism at Facebook's role in the US presidential election, the UK's Brexit referendum, and other elections around the world. A UK parliamentary committee, led by Conservative MP Damian Collins, wrung a promise from Facebook's chief technology officer Mike Schroepfer that the company would begin labelling political ads before local elections in 2019.

The company has made similar tools available in the US and Brazil.

Facebook's shift towards transparency around online advertising will likely be seen as a welcome first step. For the most part, it is currently hard for voters to see how political parties and other groups target particular individuals or groups through online advertising. A library of ads will allow the media and public to scrutinise political messages and the intent behind them.

Increased transparency may also give political parties pause before they launch highly targeted, divisive ads that are targeted at a small online audience but might normally go unnoticed by the political press. Now every ad will be visible for seven years via Facebook's political ad library, and anything that looks divisive may come back to haunt a candidate or party in later years.

The new transparency tools are not explicitly designed to prevent misinformation campaigns by foreign trolls. Facebook instead has a dedicated team to sniff out what it describes as "inauthentic behaviour." Rather, they allow voters (and rival parties and candidates) to see what messages parties are peddling.

Facebook will allow researchers, journalists, and third-parties access to its ads library data through a set of APIs, the company said.

A spokesman for the UK's election watchdog, the Electoral Commission, told Business Insider: "We welcome any changes that will help voters see who is targeting them with political messages online. This Facebook initiative is an important first step in providing voters with improved transparency. We will be monitoring how these changes are implemented and the impact they have, and we look forward to proposals from other digital advertising platforms in the UK."

A spokesman for the Labour party said: "Labour welcomes efforts to ensure that in the future, campaigning on social media is just as transparent as more traditional campaigning methods."

The Conservatives did not respond to a request for comment.

Original author: Shona Ghosh

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Jun
25

491st Roundtable For Entrepreneurs Starting NOW: Live Tweeting By @1Mby1M - Sramana Mitra

Thread, the startup that helps men who hate shopping buy clothes, has raised $22 million (£16.7 million) in venture capital backing to expand its technical capabilities and to cement itself as a household name.

Thread has more than a million customers signed up to its service, which takes a few registration details about a user's fashion taste and budget, then uses that information to recommend new outfits.

As customers buy more clothing through the app, Thread's algorithm learns more about what they like and makes new recommendations accordingly. It also learns from clothes customers click on but don't buy, what they scroll past, and what the weather's like.

The idea is that men who hate rifling through racks of clothes in physical stores can still look smart and on-trend by buying through Thread. Well-known brands such as Barbour and Hugo Boss are available through the service.

The startup employs 10 full-time stylists who curate outfits and write personalised messages to customers. But much of the recommendation load is handled by Thread's homegrown machine learning algorithm, much like Spotify's algorithm recommends music.

Chief executive and serial entrepreneur Kieran O'Niell said a quarter of Thread's users buy all their clothing through the service. It's currently only available to male shoppers in the UK, but O'Niell said the plan was to introduce womenswear to the app some time in the future.

It has, he said, taken almost four years to get the machine learning aspect right. "If you use off-the-shelf approaches, you get boring results," he said. "Like if you buy a black T-shirt, you would be recommended a grey T-shirt. So we had to create something that would understand what you like... and factor in individual preferences, plus what the weather is like, and stuff you already own."

One thing the service could do better, he said, was adapt to customers' changing tastes. "What we're not good at is someone who did want [certain] stuff, has changed, and now wants more adventurous stuff. There's more we can do on that side."

O'Neill added that most of Thread's customers were aged between 25 and 45. "I was surprised our customer base is as old as it is," he said. "I would have thought a younger guy would be more fashion-conscious, it turns out lots of guys between 25 and 45 want to dress well [and] don't like shopping."

Thread's latest round was led by new investors Balderton, Forward Partners, Beringea and H&M's investment arm. The round included a small amount of debt financing from Triplepoint Capital. High-profile previous investors include DeepMind cofounders Demis Hassabis and Mustafa Suleyman, and prestigious Silicon Valley bootcamp Y Combinator.

O'Neill also plans to follow a startup trend set by the likes of Monzo and BrewDog: letting customers buy in. The company will open up to crowd investors via Crowdcube in November. The plan is to raise £500,000 to £1 million, though O'Neill said Thread may cap the round.

"From the beginning we we always wanted to hold back part of it so customers can invest," he said. "The main reason we have succeeded is because of loyal customers, and it's just a way of offering them the chance to invest in the business. We're not doing it to raise lots of extra cash."

Original author: Shona Ghosh

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Jun
25

France’s api.video raises $5.5M to make it easier for developers to add video features

For years, Senator Elizabeth Warren has touted the fact that she's part Cherokee, expressing pride in her Native heritage.

President Donald Trump has routinely mocked that assertion, using the nickname "Pocahontas" for Warren. In a July rally, Trump even said that if she could prove, based on DNA testing, that she has Native American ancestors, then he would donate $1 million to the charity of Warren's choice.

On Monday, Warren answered that call.

"A famous geneticist analyzed my DNA and concluded that it contains Native American ancestry," Warren wrote on Twitter.

On a webpage connected to her reelection campaign in Massachusetts, she also posted a video and a detailed ancestry report from the lab of Stanford genetics professor and DNA-sequencing expert Carlos Bustamante.

"In the Senator's genome, we did find five segments of Native American ancestry with very high confidence where we believe the error rate is less than 1 in 1,000." Bustamante said in the video posted on Warren's site. He said those results suggest that Warren "absolutely" has a Native American ancestor.

What Warren's test tells us

Senator Warren has not responded to Business Insider's request for information about precisely how she conducted the test, but most genetic tests that US consumers use today rely on cheek swabs. Users collect a bit of saliva that way, then send the spit in for analysis.

Typically, more than half the cells in someone's spit can include viable, intact genomic data about that person. Blood samples tend to have more DNA data, but saliva can be a decent way to extract genomic data with considerably less pain.

The DNA tests that are available to consumers, such as 23andMe or AncestryDNA, zero in on hundreds of thousands of locations on a person's genome. By doing so, they can pinpoint spots that give scientists clues about who a person's relatives could be.

Bustamante's analysis seems to have been done in a similar way. Warren's sample "contained information on 764,958 sites of genetic variation," according to the report. These are the special spots in Warren's genetic code that make her different from everyone else, since most human DNA (about 99.9%) is identical from person to person. That other 0.01% is responsible for our differences, from the color of our eyes to the pigment of our skin, and even our genetic predispositions for disease.

The scientists compared Warren's sample to others from the 1,000 Genomes Project Consortium, which sequenced the genomes of 2,504 people from 26 populations around the world. Warren's DNA was compared to 148 people's fully-sequenced genomes: 37 of those individuals were from Europe, 37 had Sub-Saharan African ancestry, 37 were from the Americas and had Native American ancestry, and 37 came from China.

When scientists compare genomes in this way, they're looking for meaningful patterns: signs that one person's DNA shares certain tell-tale markers with another. That's a sign that the individuals may be distantly related, but it's not proof that one person is necessarily related to another.

Warren's sample had a lot of markers that are common to European ancestry, and a few that are common to what the researchers think could be Native American ancestry. The reason Bustamante thinks Warren probably has a Native American ancestor is that some DNA segments in her sample matched with segments from people native to Mexico, Peru, and Colombia. Those similarities suggest Warren likely had a Native American relative about eight generations ago.

"The largest segment identified as having Native American ancestry is on chromosome 10," the researchers wrote. "This segment is clearly distinct from segments of European ancestry, and is strongly associated with Native American ancestry."

Why genetic testing is not a perfect science

Michaela Rehle/Reuters

Consumer DNA testing is rapidly taking off. Today, more than 12 million people have tested their spit, according to MIT Technology Review.

But the genetic-testing kits that many people are trying don't always give accurate results about their lineage. A 2018 study published in the journal Genetics in Medicine suggested that 40% of the differences in genes reported in direct-to-consumer DNA tests were due to testing errors (false positives).

The tests are also raising concerns about privacy. A study released last week estimates that 60% of white Americans— who are the biggest consumers of DNA testing services— could now be identified up to a "third cousin or closer" using available DNA test data. The authors of the study said that information could implicate more criminals like the Golden State Killer in coming years, if more investigators compare DNA evidence from crime scenes with publicly available genetic information that's tied to people's names. That technique probably couldn't be applied to minority groups, though, because scientists don't have as much data from those groups. In fact, for some ethnic groups like Native Americans, scientists have hardly any data at all.

In Warren's case, the test didn't conclusively say whether her DNA matches that of current Native American tribal populations in the US. The researchers said making that connection wouldn't be possible, since "Native American groups within the US have not chosen to participate in recent population genetics studies."

At least 95% of Warren's DNA is likely of European origin, according to the test.

Should DNA decide who gets to be considered Native American?

In an article published in the Native Voice in 2004, racial politics professor Kim TallBear (a member of the Sisseton Wahpeton Oyate of South Dakota) and biological anthropologist Deborah Bolnick pointed out that "eligibility for Native American rights is ultimately a political and cultural issue that will never be satisfactorily answered by genetics."

So although Trump may have suggested that Warren should prove her background using a DNA test, native groups certainly didn't ask her to. In fact, the Cherokee Nation sent a statement to the Oklahoman voicing the group's disapproval.

"Current DNA tests do not even distinguish whether a person's ancestors were indigenous to North or South America," Cherokee Nation Secretary of State Chuck Hoskin Jr. said. "It makes a mockery out of DNA tests and its legitimate uses while also dishonoring legitimate tribal governments and their citizens."

Warren is not a tribal citizen, a fact she readily acknowledges on her website. For that, most US tribes require a "blood quantum" of one-quarter, which Warren most likely doesn't have (or purport to have).

Plus, as TallBear has said, nobody should be boiled down to the chromosomes in a spit sample, anyway.

"I worry about the way Native American identity gets represented as this purely racial category by some of the companies marketing these tests," she told New Scientist in 2014. "The story is so much more complicated than that."

For her part, Warren tweeted at Trump on Monday, asking him to send a $1 million check to the National Indigenous Women's Resource Center, a nonprofit that works to curb domestic violence and improve the safety and well-being of native women. A 2007 report from Amnesty International found that Native women were 2.5 times more likely to be the victims of rape or sexual violence than other women in the US, and that nearly 86% of the rapes were committed by non-Native men.

Original author: Hilary Brueck

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Jun
24

Misty Temperature Screening Assistant

Paul Allen, who cofounded Microsoft with Bill Gates, died Monday afternoon after a battle with non-Hodgkin's lymphoma, his family confirmed to Business Insider. He was 65.

Allen, a tech billionaire, was a philanthropist and the owner of the Seattle Seahawks and the Portland Trail Blazers. He operated Vulcan Ventures, a venture-capital fund.

Allen was first diagnosed with the cancer in 2009, and disclosed earlier this month that it had returned after a period of remission. At the time, Allen said that he planned on staying involved with his various business ventures. It was the third time that Allen has been diagnosed with some form of lymphoma. He survived Hodgkin's lymphoma after being diagnosed in the 1980s.

Allen, a Seattle native, and Gates were childhood friends. In 1972, while in high school, the pair launched Traf-o-Data, a software company that tracked and analyzed traffic patterns. When Gates went to Harvard, Allen stayed local and went to Washington State University, though he ended up dropping out.

It was Allen who suggested that the two work together to make a BASIC language interpreter for the then cutting-edge Altair 8800 microcomputer, which became Microsoft's first product. The name "Micro-Soft" for their joint venture was Allen's idea.

This photo of Paul Allen and Bill Gates is on display in the Microsoft Visitors Center at its Redmond headquarters. Below the photos are Gates' and Allen's first-ever Microsoft business cards, circa 1975. Matt Weinberger/Business Insider

Further, Allen was responsible for the key deal that made Microsoft a major player in the PC revolution: When Gates promised IBM in 1980 that Microsoft would supply an operating system for its flagship PC, it was Allen who went and purchased the rights to the "Quick and Dirty Operating System," or QDOS, from developer Tim Paterson. Microsoft rebranded QDOS as MS-DOS, or the Microsoft Disk Operating System, and supplied it to IBM per the deal.

In 1983, Allen stepped aside from day-to-day operations at Microsoft, not long after beginning treatment for his first diagnosis with Hodgkin's lymphoma. He remained on the company's board of directors until 2000.

Allen would later write that his departure was marked by a period of friction with Gates, where they disagreed over the direction of the company. Allen said that Gates tried to buy out his shares in the company, but that he ultimately decided to hang on to his stake — which made Allen his fortune when Microsoft went public in 1986.

Allen was also known as a musician. As a guitarist, he fronted a band called The Underthinkers, and wrote or cowrote every song on their 2013 album. He also founded Seattle's Experience Music Project, or EMP, which was originally a museum devoted to his hero Jimi Hendrix. Allen also started the Science Fiction Museum and Hall of Fame, in the same building as the EMP. The two have since been combined into the Museum of Pop Culture.

Allen's net worth was pegged at $20 billion.

Lymphomas are cancers that attack the lymphatic system. Non-Hodgkin's is more common than Hodgkin's lymphoma.

Jody Allen, Paul's sister, issued the following statement:

My brother was a remarkable individual on every level. While most knew Paul Allen as a technologist and philanthropist, for us he was a much-loved brother and uncle, and an exceptional friend. Paul's family and friends were blessed to experience his wit, warmth, his generosity and deep concern. For all the demands on his schedule, there was always time for family and friends. At this time of loss and grief for us - and so many others - we are profoundly grateful for the care and concern he demonstrated every day.

Paul Allen's contributions to our company, our industry and to our community are indispensable. As co-founder of Microsoft, in his own quiet and persistent way, he created magical products, experiences and institutions, and in doing so, he changed the world. I have learned so much from him - his inquisitiveness, curiosity and push for high standards is something that will continue to inspire me and all of us at Microsoft. Our hearts are with Paul's family and loved ones. Rest in peace.

Bill Hilf, the CEO of Allen's holding company Vulcan Inc., said:

All of us who had the honor of working with Paul feel inexpressible loss today. He possessed a remarkable intellect and a passion to solve some of the world's most difficult problems, with the conviction that creative thinking and new approaches could make profound and lasting impact.

Millions of people were touched by his generosity, his persistence in pursuit of a better world, and his drive to accomplish as much as he could with the time and resources at his disposal.

Paul's life was diverse and lived with gusto. It reflected his myriad interests in technology, music and the arts, biosciences and artificial intelligence, conservation and in the power of shared experience - in a stadium or a neighborhood - to transform individual lives and whole communities.

Paul loved Seattle and the Pacific Northwest. The impact of Paul's efforts can be seen here at every turn. But the true impact of his vision and generosity is evident around the globe.

Paul thoughtfully addressed how the many institutions he founded and supported would continue after he was no longer able to lead them. This isn't the time to deal in those specifics as we focus on Paul's family. We will continue to work on furthering Paul's mission and the projects he entrusted to us. There are no changes imminent for Vulcan, the teams, the research institutes or museums.

Today we mourn our boss, mentor and friend whose 65 years were too short - and acknowledge the honor it has been to work alongside someone whose life transformed the world."

Original author: Matt Weinberger

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Sep
12

PyTorch has a new home: Meta announces independent foundation

A new technology from researchers at Carnegie Mellon University will add sound and vibration awareness to create truly context-aware computing. The system, called Ubicoustics, adds additional bits of context to smart device interaction, allowing a smart speaker to know it’s in a kitchen or a smart sensor to know you’re in a tunnel versus on the open road.

“A smart speaker sitting on a kitchen countertop cannot figure out if it is in a kitchen, let alone know what a person is doing in a kitchen,” said Chris Harrison a researcher at CMU’s Human-Computer Interaction Institute. “But if these devices understood what was happening around them, they could be much more helpful.”

The first implementation of the system uses built-in speakers to create “a sound-based activity recognition.” How they are doing this is quite fascinating.

“The main idea here is to leverage the professional sound-effect libraries typically used in the entertainment industry,” said Gierad Laput, a PhD student. “They are clean, properly labeled, well-segmented and diverse. Plus, we can transform and project them into hundreds of different variations, creating volumes of data perfect for training deep-learning models.”

From the release:

Laput said recognizing sounds and placing them in the correct context is challenging, in part because multiple sounds are often present and can interfere with each other. In their tests, Ubicoustics had an accuracy of about 80 percent — competitive with human accuracy, but not yet good enough to support user applications. Better microphones, higher sampling rates and different model architectures all might increase accuracy with further research.

In a separate paper, HCII Ph.D. student Yang Zhang, along with Laput and Harrison, describe what they call Vibrosight, which can detect vibrations in specific locations in a room using laser vibrometry. It is similar to the light-based devices the KGB once used to detect vibrations on reflective surfaces such as windows, allowing them to listen in on the conversations that generated the vibrations.

This system uses a low-power laser and reflectors to sense whether an object is on or off or whether a chair or table has moved. The sensor can monitor multiple objects at once and the tags attached to the objects use no electricity. This would let a single laser monitor multiple objects around a room or even in different rooms, assuming there is line of sight.

The research is still in its early stages, but expect to see robots that can hear when you’re doing the dishes and, depending on their skills, hide or offer to help.

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Sep
12

Why getting microsegmentation right is key to zero trust

Y Combinator has released the results of a survey, completed in partnership with its portfolio company Callisto, highlighting the pervasive role of sexual harassment in venture capital and technology startups.

Callisto, a sexual misconduct reporting software built for victims, is a graduate of YC’s winter 2018 class. The company sent a survey to 125 of YC’s 384 female founders, asking if they had been “assaulted or coerced by an angel or VC investor in their startup career.”

Eighty-eight female founders completed the survey; 19 in total claimed to have experienced some form of harassment.

More specifically, 18 said that inappropriate experience consisted of “unwanted sexual overtures;” 15 said it was “sexual coercion;” four said it was “unwanted sexual contact.”

As part of the release of the survey findings, YC announced they’ve established a formal process for their founders to report harassment and assault within Bookface, the startup accelerator’s private digital portal for its founders.

“You can report at any time, even years after the incident took place,” YC wrote in the blog post. “The report will remain confidential. We encourage other investors to set up similar reporting systems.”

First Round Capital is another investor to recently poll its founders on issues of sexual misconduct. Similarly, the early-stage investor found that half of the 869 founders polled were harassed or knew a victim of workplace harassment.

As for Callisto, the 7-year-old non-profit said it will launch Callisto for founders, a new tool that will support victims. Using Callisto, founders can record the identities of perpetrators in the tech and VC industry. The company will collect the information and refer victims to a lawyer who will provide free advice and the option to share their information with other victims of the same perpetrator. From there, victims can decide if they want to go public together with their accusations.

Tech’s widespread sexual harassment problem is not new, but more women and victims of harassment have come forward in recent years as the #MeToo movement encourages them to name their harassers. Justin Caldbeck, formerly of Binary Capital, and former SoFi chief executive officer Mike Cagney are among the Silicon Valley elite to be ousted amid allegations of sexual misconduct in the #MeToo era.

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Oct
15

1Mby1M Virtual Accelerator Investor Forum: With Utah Somani of AngelList India (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 Utsav Somani was recorded in May 2018. Utsav...

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Original author: Sramana Mitra

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Oct
10

Tech gets demolished: The 5 hottest tech stocks just lost $172 billion in market value (AMZN, FB, AAPL, GOOGL, NFLX)

Grin, an electric scooter startup backed by Y Combinator, has raised a $45.7 million Series A to operate shared, electric scooters in Latin America.

Grin, which is based in Mexico City, had previously raised funding from Sinai Ventures, Liquid2 Ventures, 500 Startups, Monashees, Base10 Partners and others.

Currently, Grin only operates in Mexico City, but it has plans to expand to other cities throughout Latin America.

Electric scooters are clearly a hot space. U.S.-based companies like Bird and Lime have raised millions of dollars. Bird is currently valued at over $2 billion while Lime is valued at over $1 billion. Meanwhile, transportation behemoths Lyft and Uber have both staked their claim in the electric scooter space, both deploying them in Santa Monica, Calif. in the last month.

I’m getting in touch with Grin co-founder Sergio Romo shortly. More to come.

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Jun
26

August can now generate smart entry codes for Airbnb guests

Complex search queries remains a tricky arena. Read on to learn more. Sramana Mitra: If you could provide us with some background about yourself as well as Signafire to start us off, that would be...

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Original author: Sramana Mitra

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Oct
15

Book: Fantasyland: How America Went Haywire: A 500-Year History

Fantasyland: How America Went Haywire: A 500-Year History was awesome. Given that Sears filed for Chapter 11 today, I’ll start with some perspective from 1976.

America is remarkably dynamic. Humans constantly create narratives about things and how they work. Suddenly, popular books are appearing, such as Sapiens: A Brief History of Humankind, that challenge the relevance of our narratives.

There is so much to reflect on when reading a book like Fantasyland or Sapiens. Pondering the meaning of life is an endless human pastime.

It’s particularly interesting in the context of the growth and development of a country, which in and of itself is a temporary construct, just like everything else.

I’ve always loved reading fantasy. And, after reading Fantasyland, I realize I’ve been living in it also.

Also published on Medium.

Original author: Brad Feld

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Oct
15

Building a VC-Funded B2C CRM Company From Virginia: Zaius CEO Spencer Pingry (Part 1) - Sramana Mitra

We love companies that have roots in off-center geographies. Zaius started in Virginia, raised capital in Boston, and has grown to ~500 customers with a $24k average ARR per customer. These are...

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Original author: Sramana Mitra

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Oct
15

October 24 – Rendezvous Meetup to Discuss the Funding Strategy for Your Startup - Sramana Mitra

For entrepreneurs interested to meet and chat with Sramana Mitra in person, please join us for our bi-monthly and informal group meetups. If you are living in the San Francisco Bay Area or are just...

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Original author: Maureen Kelly

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Oct
15

Billion Dollar Unicorns: How will Paytm Navigate Rising Competition? - Sramana Mitra

India’s digital payments market is expected to grow five times to reach $1 trillion by 2023. Following the acquisition of Flipkart, digital payment company Paytm has become the most valauble...

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Original author: jyotsna popuri

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Oct
15

EIT Health Partners with 1Mby1M Virtual Accelerator to Train More Than 100 European Entrepreneurs - Sramana Mitra

Digital Health Semifinalists of the European Health Catapult have been awarded one-year scholarships to the One Million by One Million (1Mby1M) global virtual accelerator thanks to a new partnership...

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Original author: Maureen Kelly

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Oct
15

Penta, the German challenger bank account for SMEs, raises €7M Series A

Penta, the German fintech startup that offers a digital bank account targeting SMEs, has raised €7 million in Series A funding. Backing the company once again is Inception Capital, with total funding now at €10 million since Penta was founded in May 2016.

Launched in Germany in December, and powered by Banking-as-a-Platform solarisBank (rather than holding a banking license of its own), Penta is designed to meet the banking needs of small to medium-sized businesses, including startups.

The premise is that SMEs are currently underserved by incumbent banks, including account opening being cumbersome and much more difficult than it should be and exorbitant fees charged for making payments or international money exchange.

Penta is also bringing some much-need innovation and features to the German business banking market.

One of those is multi-card support to make it easier to manage company expenses. Dubbed ‘Team Access,’ the recently launched feature lets business owners issue multiple MasterCards to employees who need to make purchases on a company’s behalf.

Each card is linked to a business’ Penta account but can have custom rules and permissions per card/employee, in terms of how much money can be spent and where. More broadly, the feature is designed to cut down the time and cost of expense management for SMEs.

Notably, I’m told that the Berlin-based challenger bank, which has already grown to a team of 40 and plans to get to 100 over the next year, is seeing 68 percent of new customers switching from their existing business bank account, with the remaining 40 percent newly incorporated businesses.

That suggests many German businesses aren’t satisfied with the banking status quo, even if they’ve already crossed the account opening hurdle. Specifically, I understand that multi-card support has been one of the main draw, the kind of feature that older banks with legacy software often struggle to deliver.

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Oct
15

Catching Up On Readings: Women Nobel Prize Winners - Sramana Mitra

This feature from USA Today looks at the history of women Nobel Prize winners and how the current year could bode well for women in sciences. For this week’s posts, click on the paragraph...

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Original author: jyotsna popuri

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