Aug
16

AMC boasts more than 260,000 members for its movie-ticket subscription service, as MoviePass shakes up its plan (AMC)

As MoviePass tries desperately to scale back so only the "occasional moviegoer" will be attracted to the service, AMC Theatres continues to grab more willing takers for its own subscription program.

AMC, the largest movie chain in the world, announced on Thursday that its movie-ticket subscription service, AMC Stubs A-List, now has more than 260,000 members in the seven weeks since its launch. AMC said that made up 4% of the chain's US attendance.

The company also noted that A-List had been responsible for more than 1 million in attendance at its movie theaters since launch.

"While one would think that the rate of signups will inevitably have to slow down at some point, enrollments now are continuing at quite a brisk pace, getting AMC to scale much sooner than we initially anticipated," AMC Theatres president and CEO Adam Aron said in a press release. "This is very good for AMC and very good for our movie studio partners as well."

MoviePass has certainly proven that moviegoers love a subscription model. But it's hard to tell if it will be around long enough to reap the rewards.

It was revealed earlier this week in the quarterly filing of its parent company, Helios and Matheson Analytics, that the compay had burned more than $219 million in the first six months of the year, $150.8 million of that in the second quarter.

And in the hopes to slow down the burn, MoviePass on Thursday revealed that, for the time being, it will only offer up to six movies daily for its subscribers to go see. That's in addition to capping subscribers at three movies per month (AMC offers three per week).

Original author: Jason Guerrasio

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Jan
12

Roundtable Recap: January 11 – Going Broad Usually Isn’t a Great Startup Strategy - Sramana Mitra

Karl Hansen is the second former Tesla employee to file a whistleblowing tip in the past two months. Scott Olson / Getty Images

Another former Tesla employee has filed a whistleblowing tip with the Securities and Exchange Commission, according to a statement from his attorney.

Karl Hansen used to work in Tesla's internal security department and the company's investigations division, according to the statement. Meissner Associates, the law firm representing Hansen, filed the tip on his behalf on August 9, the statement said.

The tip alleges that Tesla did not disclose to shareholders the theft of raw materials and unauthorized surveillance and hacking of employee devices, according to the statement. The statement also alleges Tesla did not tell federal authorities about information it received from Hansen about alleged drug trafficking at the company's Gigafactory in Sparks, Nevada.

"I never expected that my employment with such a major public company would lead to uncovering such issues, and am disturbed by Tesla's highly unusual response to those like me who investigated them," Hansen said in the statement. "I am also very disturbed by Tesla's failure to respect the privacy of its own employees. In my opinion, Tesla's actions have placed investors, the public, and Tesla employees at risk."

Tesla did not immediately respond to a request for comment. The SEC and the Drug Enforcement Administration declined requests for comment.

Hansen alleges that Tesla monitored and collected information and communications from employees' cell phones, including from Martin Tripp, another former Tesla employee who filed a whistleblowing tip with the SEC in July. Hansen was allegedly told that Tesla CEO Elon Musk authorized the surveillance of employee devices.

Meissner Associates is also representing Tripp.

Hansen claims Tesla told him not to disclose or investigate other sensitive matters, according to the statement, including the alleged theft of over $37 million of copper and other raw materials from the Gigafactory between January and June and the alleged involvement of Tesla employees with a Mexican drug cartel. Hansen claims in the statement that he was fired on July 16 after he raised concerns about the alleged misconduct.

Like Hansen, Tripp alleges that Tesla did not address his concerns about the company's conduct. Tripp told Business Insider that Tesla used batteries with puncture holes in vehicles meant for consumers, among other claims, and, in his tip with the SEC claims the company overreported production of its Model 3 sedan by up to 44%, according to The Washington Post.

In June, Tesla filed a lawsuit against Tripp, alleging that he hacked confidential company information and gave it to parties outside the company. Tripp filed a countersuit in August denying Tesla's allegations and accusing the company of defamation.

On Wednesday, Tripp published on Twitter photos that he claimed supported the allegations he has made. As of Thursday afternoon, Tripp's Twitter account had been removed from the site.

Tesla CEO Elon Musk has attracted controversy in recent weeks over his statements about wanting to take Tesla private, with many raising questions about the certainty of funding Musk referenced in a tweet and where exactly that funding will come from.

Fox Business and The New York Times reported on Wednesday that the SEC had sent subpoenas to Tesla concerning the company's plans to explore going private and Musk's statements about the process.

Original author: Mark Matousek

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Aug
16

Can you tell Motorola's new phone apart from Apple's iPhone X?

Motorola's newly-announced phone is making the rounds on the internet, but probably not for the reason it hoped.

The phone, the Motorola P30, looks strikingly similar to Apple's iPhone X. In fact, they look almost exactly the same, minus a few minor differences.

Here's a short quiz to see if you can tell the two apart — we'll give you the answers at the end.

(1) Which phone does this notch belong to?

Motorola/Apple

(2) How about this one?

Motorola/Apple

If you can't tell at first, you're not alone.

(3) Which phone sports this dual-lens camera?

Motorola/Apple

(4) What about this one?

Motorola/Apple

(5) Here's the two side by side. Still not sure?

Motorola/Apple

We've cropped out any identifying features, like logos, in the above image.

Still stumped? Here are the answers:

(1) Motorola P30

(2) iPhone X

(3) iPhone X

(4) Motorola P30

(5) Motorola P30 (left), iPhone X (right)

Original author: Sean Wolfe

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Jan
11

Y Combinator is launching a biotech track

Tracy Bryant, right, and Roland Smith, center, Starbucks employees, watch as a manager Justin Chapple makes an espresso at a Starbucks in New York. AP Photo/Seth Wenig

If you would have asked me in January - when we helped Kodak launch KodakOne and KodackCoin - if both Starbucks and Facebook would let the world know this year that they have their eyes on cryptocurrency, I would've said, "Not likely."

But here we are, six months later, and Facebook has reportedly engaged in conversations with blockchain projects including Stellar and is expanding its team focused on the much-hyped technology. And Starbucks recently announced a partnership with Bakkt, a new Intercontinental Exchange company whose mission is to create "an open and regulated global ecosystem for digital assets."

So while we're not quite there with mainstream adoption of cryptocurrency, Facebook's and Starbucks' leadership into the space is a milestone. We will see more household names exploring and entering cryptocurrency, looking for new models of customer engagement leveraging their brand equity in powerful new ways.

Now some of these big-brand cryptocurrency plays have been nothing more than publicity stunts - like the tartly cynical Long Island Iced Tea-Long Blockchain stunt that now has the Security and Exchange Commission's attention. But there is a growing cadre of the legacy brands we all recognize that are figuring out how to angle their way into cryptocurrency and blockchain.

Why? They recognize that brands are exactly what's missing from the exploding space. That's the "Why." How about the "Why now?"

Two reasons: bigger brands are almost always slower in adopting new technology, both because they tend to be risk averse and also because they naturally move slower. But also the cryptocurrency roller coaster has reached a point at which big brands are starting to recognize a mutually beneficial path forward. Many crypto projects will soon need access to larger audiences for wide adoption, and big brands, staring eroding brand loyalty or existential scandal the face, have the chance to hook themselves on to the new-tech media darling.

Returning to the KodakOne example, we helped this time-tested brand announce a blockchain platform and cryptocurrency when there were 10 other image-rights management ICOs going on. But the legacy brand won out - at least in terms of attention, as a simple news audit of the past 12 months affirms. KodakOne is taking the ball and running with it.

Soon, user-generated photos taken in six major U.S. stadiums will be instantly loaded to the KodakOne blockchain, with the prospect of the photographers getting paid instantly (in KodakCoins) for usage. But the even more drool-worthy part of this integration is that these same sports fans will be able use KodakCoins to buy in- stadium soda, chips, hot dogs, beer and merchandise. As it's estimated that 55 million Americans will use its mobile app to pay for their coffee before the end of this year. Couple that large of a community with a brand of its strength, and Starbucks has the potential to go beyond its existing business model, creating a new economy model for engagement.

When looking at Facebook, crypto inside the social network could create, for instance, a highly efficient global peer-to-peer payments model similar to that proposed by the largest ICO ever, Telegram, or Asian competitor WeChat Pay.

It could also be used as part of a new-style loyalty program, or even as the basis for an adjacent economy - for example, the subscription economy or authentic verified-news economy. Bear in mind this is all happening amidst some pretty drastic changes we're seeing in the young ICO market. To separate themselves from the many scams, legitimate companies are doing the hard work up front - capital raising, platform development, early customer adoption - and then going to the public for an ICO raise.

With the components of a true economy already in place, these tokens circulate according to traditional supply-and-demand models. I understand that big brands entering cryptocurrency may sound like anathema to some crypto enthusiasts. But I would also think these skeptics would rather let market forces than their own biases determine how cryptocurrency can best be applied in our great, big world. After all, big brands won't be able to just slide into cryptocurrency without working for it.

Many will be romanced by the prospects of non-dilutive financing, speed of outsourced innovation and riding the hype wave, but only the clever brands who understand their power to connect communities will emerge winners. Like startups, many ICOs will struggle to achieve critical mass in customer adoption - and will, therefore, fail. The crypto economies that are powered by well designed cryptocurrencies and token economic models (like the Image Economy for KodakOne) leverage both the power of brands and the power of blockchain. Will that also be Starbucks and Facebook? Ask me in six months.

Bruce Elliott is president of ICOx Innovations, which helps established organizations grow their businesses through the use of blockchain technology and cryptocurrencies. He is a 25-year e-commerce veteran who has held senior leadership roles in privately held and listed companies in online payments, gaming, venture capital, and trust and corporate service sectors in North America and Europe.

Original author: Bruce Elliott

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Aug
16

It looks like Google is preparing to open its first-ever standalone retail store (GOOGL, GOOG)

Google CEO Sundar Pichai at the 2018 I/O conference. Greg Sandoval/Business Insider

Google will soon take control of 14,000 square feet of retail space in the Chicago meatpacking district, which the company is expected to turn into its first-ever standalone retail store, according to a report in the Chicago Tribune.

The deal has yet to be finalized but a contract is expected to be signed soon, the newspaper reported Thursday. Through a spokesperson, Google said the company does not comment "on rumors and speculation."

If the story is accurate and the deal is completed, it makes sense. The list of Google gadgets and products, which includes the popular Google Home smart speaker, the Pixel phone lineup, and the Google Chromecast smart dongle, is extensive and growing all the time.

Google

Up to now, Google has satisfied itself with an offline presence that's consisted of mainly small shops within larger stores like Best Buy, or temporary pop-up stores. Some of the company's biggest tech rivals, including Apple, Microsoft, and Amazon established their brick-and-mortar strategies long ago.

In 2013, news leaked that a barge moored off San Francisco's Treasure Island was secretly controlled by Google. Though many speculated that the company would use the boat as a floating data center it eventually turned out that it was intended to be a showroom for Google Glass and other gadgets.

It certainly looks like the space is bound to become a Google retail store. However, if that's not correct, it raises the obvious question: What else could Google do with 14,000 square feet of prime urban real estate in a shopping district?

Original author: Greg Sandoval

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Aug
14

The world's biggest tech companies are at serious risk of losing a $32 billion market

Amazon CEO Jeff Bezos. Reuters

Apple, Amazon, Google, Facebook and other US tech titans are facing major hurdles on selling online in India, thanks to a new ecommerce bill which prioritises homegrown firms.

According to The Wall Street Journal, which has seen a draft of the bill, the new rules would create a hostile environment for foreign tech giants, despite India being relatively open to outside competition. The Economic Times also reported on the proposals at the end of July.

Here are the most drastic changes being proposed in the draft bill:

The creation of a "level playing field" which would prioritise Indian startups. Indian users' data would need to be stored exclusively in India, potentially denting the tech giants' online ad businesses. Clamping down on loopholes that allow the likes of Amazon to skirt government rules around foreign ownership of retail. Marketplace companies are currently restricted from holding inventory, but those restrictions would no longer apply to Indian-controlled companies selling Indian products.

It isn't clear when the draft policy might become law, and local media reports suggest it has been widely criticised and is still under review by government officials.

India's ecommerce market will be worth $32 billion in 2018, according to statistics from eMarketer. This is still small compared to the US, where eMarketer estimates Amazon alone will clear $258.22 billion in revenue, but the important number to look at is growth. India's ecommerce sales will rise 31% year on year this year, putting it behind only China and Indonesia. Adobe stats peg US ecommerce growth this year at around 18% year on year so far.

That makes India an extremely important focal point for US companies seeing their home markets slowly level off, and looking for future growth. Amazon CEO Jeff Bezos said in 2016 that the company would funnel $5 billion into its Indian ecommerce operation. The company doesn't break out Indian revenue in its financials, but its overseas operating losses show that the company is willing to lose money in order to beat local players.

Flipkart's Chief Executive Officer (CEO) Kalyan Krishnamurthy. Reuters/Saumya Khandelwal

It's that attitude which appears to have the Indian government alarmed.

China, another potential source of major growth, has created safeguards for its homegrown firms. As a result, the likes of Tencent, Alibaba, and Meituan dominate their home market and are worth billions — while foreign US firms struggle to achieve the same market share.

In India, major ecommerce firm Flipkart was acquired by Walmart for $16 billion.

And Vijay Shekhar Sharma, India's youngest billionaire and founder of ecommerce payments firm Paytm, hit out at foreign rivals in February. He wrote that India "must not let them colonise our Internet."

Original author: Shona Ghosh

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Aug
14

Apple is reportedly arguing that buildings at its headquarters are worth just $200 to reduce its tax bill

An aerial view of the new Apple headquarters. Getty

Concerns over Apple's elaborate efforts to reduce its tax bill are nothing new. The company — which hit a historic $1 trillion valuation this month— was punished in 2016 for a tax deal in Ireland, which the EU said amounted to illegal state aid.

But a newly discovered tactic has reignited the debate about the company's tax contributions. The San Francisco Chronicle reported over the weekend that Apple is "aggressive in opposing tax assessors," public officials who determine the value of property for tax reasons.

Apple may be the biggest taxpayer in Santa Clara County, where its Cupertino headquarters is based, but the Chronicle said it has 489 open tax appeals in the area, disputing $8.5 billion ($6.6 billion) in property value.

In a 2015 appeal, Apple claimed that a "cluster of properties" around Apple Park was worth $200, rather than the $1 billion figure alighted on by Santa Clara County's tax assessor. In another, Apple said a property, valued at $384 million by local officials, was also worth $200, the Chronicle said.

"These are major cases, and publicly, they kind of go under the radar screen," said Santa Clara County Assessor Larry Stone. He added that companies are prepared to spend millions of dollars on lawyers to appeal tax rulings, "but there's millions at stake."

Business Insider has contacted Apple for comment. The company declined to comment when approached by the Chronicle. Apple CEO Tim Cook has always said the firm pays its taxes properly. "In every country where we operate, Apple follows the law and we pay all the taxes we owe," Cook said in an open letter in 2016.

Original author: Jake Kanter

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Jun
05

Motorway raises £2.75M seed funding to help you sell your car

BuzzFeed's Tasty Presents is a long-form Watch show. Tasty

Facebook is still trying to train people to purposefully head to the social network for video.

And more recently it's been trying to teach them that ads are part of the deal — while gradually helping publishers make a few bucks.

A year into launching Facebook Watch — the dedicated video tab that contains entertainment and news shows — Facebook is leaning heavily on publishers by funding content for the platform. Those shows run the gamut from a vertical-oriented version of Anderson Cooper's CNN news show to "Ball in the Family," a reality show that follows Los Angeles Lakers point guard Lonzo Ball and his family.

"When people come to the tab, they're regularly coming back" said Kate Orseth, Facebook's media monetization product marketing director. "That stickiness behavior is really important to make sure that [Watch] is driving loyalty behavior."

Now, some publishers say that they're beginning to see real — albeit small in the realm of total digital ad dollars— money-making potential from Watch as Facebook is testing more pre-roll ads while also adding more video to run ads alongside.

That's potentially providing a much needed boost to media companies producing video for Facebook.

At the same time, video inventory is critical for Facebook as it looks beyond its massive newsfeed to make money, which Facebook execs stressed to investors during its recent earnings call.

"There's diversification within Facebook as a platform that I think is exciting and offers new opportunities to connect with audiences in different ways," said Ken Blom, VP of branded distribution at BuzzFeed.

"Ball in the Family." Facebook Watch

Facebook is intentionally easing into Watch advertising

BuzzFeed is part of a small test of publishers experimenting with selling some of its own Facebook video inventory. In most cases, Facebook fills the inventory programmatically and uses a tool that can automatically detect the best place for an ad break within a video.

With Watch, publishers make money from pre-roll and mid-roll ads that run either before or during a video. Facebook also offers a "non-interruptive" ad format with cards that pop up on the screen while a video plays.

All three formats fit under Facebook's ad breaks initiative, which is a revenue-share program that lets publishers keep 55% of ad revenue while Facebook keeps the other 45%.

In recent months, Facebook has steadily upped the number of ad breaks served to videos. To qualify for ad breaks, videos must be at least three minutes long and a mid-roll ad cannot run until the one-minute mark.

However, Blom and other publishing execs stress that Facebook is not going crazy with stuffing ads into videos. Unlike Facebook's newsfeed, where publishers rack up millions of video views instantly, Watch generates significantly smaller audiences. BuzzFeed's main page for Tasty, for example, has more than 94 million followers while its show Tasty Presents has 1.7 million followers.

"It's not an insane ad load to where it would drive users away but if you've watched two or three minutes of video, we hope in the Watch environment that you're going to stay on what's next," Blom said. "Facebook will talk about 'intentionality' as the metric that they think about for Watch."

Oren Katzeff, head of programming at Tastemade, called the rollout of ads "methodical" and stressed that its slate of Watch shows appeals to a different set of users than those who scroll through the newsfeed quickly.

"Over time, as the demand does increase and the audience does increase, we'll be perfectly positioned," Katzeff said about the publisher's weekly rotation of shows.

Publishers see pre-roll as an important step for Watch

Facebook has long eschewed pre-roll ads in its news feed. The company has resisted hijacking that scrolling experience with autoplay ads.

Pre-roll ads are viewed as more acceptable in Watch, where people are likely choosing to watch video.

To be sure, the current test with pre-roll ads is small and is limited to videos that consumers find by searching for specific shows or Pages.

According to Katzeff, opening up pre-roll suggests that Facebook is serious about working with publishers to create high-quality video content. Unlike mid-roll ads that often jarringly interrupt video content, pre-roll is easier to design programming around — as long as consumers are willing to sit through an ad first.

"For the most part, the mid-roll experience was positive but it's much harder to create content that has a very natural mid-roll point," Katzeff said. "With pre-roll, we've started to step up our efforts now that we've seen it kick in."

Facebook needs Watch to work as a new revenue stream

Still, getting people to shift from scrolling through the newsfeed to seeking out videos is a tough challenge and is part of Facebook's move to make money outside of the newsfeed, which also includes ads in Stories, Messenger and WhatsApp.

Non-newsfeed ad placements aren't as lucrative as the newsfeed for Facebook. According to another exec at a large publisher, video ads within Stories generate a $8 cost per thousand impressions (CPM) while newsfeed ads generate roughly a $16 CPM.

"It is critically important for Facebook to get this right and by the day it gets more difficult," said the exec.

Plus, Facebook has a well-documented and rocky history when it comes to working with publishers, which could make its relationships with media companies difficult. Tension between publishers and Facebook has existed in everything from changes to Facebook's direction in its content strategy to algorithm switches over the years.

With Watch, publishers are leaning on personality-driven programs but some efforts have proved to be more successful than others.

Execs point to programs like "Red Table Talk" and "Ball in the Family" as successful programs that rack up engagement and views. For example, "Red Table Talk" — a talk show hosted by Jada Pinkett Smith, Willow Smith and Adrienne Banfield-Norris — has three million followers and regularly accumulates millions of views per episode. "Red Table Talk" also uses polls, hosts a Facebook Live each week to answer questions about the show and has a Facebook Group to engage with fans.

Meanwhile, "Loosely Exactly Nicole" — a program hosted by comedian Nicole Byer that Facebook picked up from MTV — was cancelled after two seasons aired on Watch.

According to the exec, it's unclear how much money Facebook is making back on its Watch investments — partly because its budget for original content is significantly smaller than Netflix, Hulu and others that shell out billions for content. Netflix is expected to spend more than $8 billion this year while Facebook will reportedly pay between $1 billion and $2 billion.

"You cannot do this on the cheap," the exec said.

Original author: Lauren Johnson

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Aug
14

The global crypto market has lost 10% of its value in the last 24 hours

LONDON — Cryptocurrencies are in the red on Tuesday, with bitcoin leading the market lower after falling below $6,000 per token.

Bitcoin is down 4.5% to $5,975.21 at 8.18 a.m. BST (3.18 a.m. ET). Other major cryptocurrencies are suffering similar drops at the same time:

The entire cryptocurrency market has been under pressure since late June when the US Securities and Exchange Commission delayed a decision on whether to approve a bitcoin ETF, a move that bitcoin bulls believe would have greatly increased the size of the market.

The current sell-off began on Monday, with ethereum falling to an 11-month low on the day. That slump comes as startups that raised funding in ethereum through so-called initial coin offerings cash out their holdings into traditional fiat money they can spend on development.

Hussein Sayed, the chief market strategist at FXTM, said in an email on Tuesday morning: "Cryptocurrency bulls also suffered a steep selloff yesterday with bitcoin falling below $6,000 for the first time since late June.

"The blame for this falls on the SEC as the U.S. regulator delayed a decision to create the first Bitcoin ETF. If an ETF doesn't see the light in the coming weeks expect to see a further selloff, as it suggests regulators will continue to fight against bringing cryptocurrencies into the mainstream. A break below $5,770 will intensify selling pressure as it's the only major support still standing."

The value of the entire cryptocurrency market has fallen by around 10% over the last 24 hours, according to CoinMarketCap.com.

The slump comes as emerging market currencies are selling off, spooked by last week's collapse of the lira against the dollar. Neil Wilson, the chief market analyst at Markets.com, said in an email that this coincidence "puts paid to the notion of cryptos as a safe haven play."

"Ultimately USD and US Treasury notes are the only real safe harbour," Wilson said.

Original author: Oscar Williams-Grut

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Aug
14

Facebook is hiring the team behind an interactive video company that dragged its feet in complying with data rules

Facebook CEO Mark Zuckerberg pours a glass of water as he testifies before Congress. Andrew Harnik/AP

Facebook has hired the team behind Vidpresso, an interactive video company that was late in complying with data rules put in place by the social network in 2015.

Vidpresso announced it was joining Facebook in a blog on its website, while Facebook confirmed to TechCrunch that it has acqui-hired the firm, poaching its seven-strong team and its technology but not the company itself.

Vidpresso, which was founded in Utah in 2012, works with broadcasters and publishers to overlay their Facebook or YouTube videos with interactive elements, including polls, graphics, and comments. Its clients include BuzzFeed, BMW, MTV, and Fox Sports.

"By joining Facebook we'll be able to offer our tools to a much broader audience than just our A-list publishing partners," Vidpresso said. "Eventually, it'll allow us to put these tools in the hands of creators, so they can focus on their content, and have it look great, without spending lots of time or money to do so."

Business Insider has contacted Facebook for comment.

Facebook has had dealings with Vidpresso before. The interactive video firm was one of 61 companies given a special extension after it was late in complying with data rules.

In April 2014, Facebook introduced a new, more restricted API, or application program interface, requiring that new apps go through a review-and-approval process and preventing new apps from accessing friends' data without review.

Most apps on the platform had until May 2015 to comply with these changes, but Vidpresso was among those given until November. Facebook revealed this in written evidence to US Congress last month, but did not explain why the 61 firms received special dispensation.

There's no suggestion Vidpresso did anything wrong, but the news comes at a time when Facebook's use of data is under particular scrutiny following the Cambridge Analytica scandal in March.

Vidpresso's team joined up with Facebook on Monday and, according to TechCrunch, staff will be based in Menlo Park, London, and LA.

Original author: Jake Kanter

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Aug
14

10 things in tech you need to know today

Noah Berger / AP Photo

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

1. Tesla CEO Elon Musk revealed new details about taking the car company private, saying that he thought tweeting the announcement was 'the right and fair thing to do.' In a blog post on Tesla's website posted on Monday, Musk said he used the phrase "funding secured" because he believed there was "no question" Saudi Arabia's Public Investment Fund would provide funding for a deal to convert Tesla into a private company.

2. Experts have slammed Elon Musk's confusing defense of why he tweeted 'funding secured' about taking Tesla private. One expert told Business Insider that: "It was, at best, hasty and naive, and, at worst, manipulative."

3. An Associated Press investigation found that many Google services on Android devices and iPhones store users' location data even when users have explicitly switched that off in privacy settings. AP found that some Google apps automatically store time-stamped location data without asking.

4. Apple is strongly encouraging developers to transition to a subscription, software-as-a-service model, and held an invitation-only meeting in the spring of 2017 to convince developers to lean in to the new business model. Developers, Apple said, needed to realize the business model of apps was changing and that successful apps tended to focus on long-term engagement instead of upfront cost.

5. Google's artificial intelligence company DeepMind published "really significant" research showing its algorithm can identify around 50 eye diseases by looking at retinal eye scans. The company plans to hand the technology over for free to NHS hospitals for five years, provided it passes the next phase of research.

6. British driverless car startup FiveAI is about to start the next major phase in its push to bring autonomous vehicles to London by putting human-controlled data-gathering cars on the streets to record information about traffic flow and road layout. FiveAI CEO Stan Boland thinks his startup has a strong chance of beating US firms like Waymo and Uber in Europe.

7. Facebook vehemently denied a report that its head of news told publishers that without its help, 'I'll be holding your hands with your dying ­business like in a hospice'. A report from The Australian alleged that Campbell Brown made the remarks in a recent off-the-record meeting with media executives.

8. Congress is likely to grill the FCC's chairman for falsely claiming his agency was hit with a cyberattack. Ajit Pai will testify before a Senate oversight committee and will almost certainly have to answer questions about false statements he and others made about the FCC's computer systems getting overwhelmed.

9. A major Wall Street effort to dethrone Bloomberg's trading terminals, called Symphony, has taken almost $300 million in investment but may not be achieving its goal. A Business Insider investigation found that some partners are unhappy, and that people aren't using the features that would generate revenue.

10. MoviePass is enrolling some subscribers who had previously canceled the service into its new plan, which is expected to be implemented this week. Some subscribers received an email that they had "confirmed" their new MoviePass plan, even after canceling, with a note at the bottom of the email that said their "opt-in to the new plan will take priority" over the cancellation.

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

Original author: Shona Ghosh

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Jun
05

10 things in tech you need to know today (MSFT)

FiveAI car on the road in London. FiveAI

Anyone walking around the South London suburbs of Bromley and Croydon this week might spot a bright new addition to the roads: A futuristic sky-blue Ford Fusion laden with sensors.

FiveAI, a British driverless car startup, is putting five of these vehicles on UK roads to gather data to train its autonomous vehicles. The cars will collect information for the next 10 months to understand real-world road layouts, traffic flow, and the behaviour of other road users.

Part of the reason the cars look so lurid is so that the public knows who's gathering data. FiveAI said it is gathering information in a way that is compliant with Europe's strict privacy regulation, the GDPR, and no individual would be identifiable from the images it captures through its cameras.

FiveAI

While these cars will be driven by humans at all times, the training data they gather will eventually inform FiveAI's efforts to bring shared, driverless taxis to London in 2019. The company said in May that it will begin trialling driverless cars on public roads before the end of 2018.

FiveAI has raised $18 million to become Europe's major driverless car startup

FiveAI

FiveAI hopes to be Europe's answer to Uber or Google's driverless car efforts, and wants to create a shared, autonomous taxi service in the UK before it is beaten by a rich American or Chinese firm.

It has raised $18 million (£14 million) in Series A funding to date, but has to fend off behemoths that are worth billions of dollars. Uber has raised more than $1 billion and is the most valuable startup in the world. Google is sitting on around $100 billion in cash.

Stan Boland, FiveAI's chief executive, has a historian's theory on why it can beat foreign competition.

"If I were [US companies] Waymo, Uber or Aurora... and I was trying to solve the problem of safer driving, I would choose to do it somewhere where it's an easier problem," he said.

"In Europe, our cities are medieval and complicated, density is much higher, human behaviours are different. Our cities were built from villages... I think a European city is much harder than a US city."

Google Waymo's driverless car. Waymo

In other words, Google's driverless car tech might find it easier to learn in the expanses of the Nevada desert than it would in windy London roads, originally designed for driving cattle.

Still, he acknowledged that "Europe is late" and puts this down to two reasons: US companies benefited from research pioneered by DARPA, America's military research agency, and because it has never been in the European car industry's interest to upend its existing business model. "Europe has been a bit asleep at the wheel," Boland said.

He said it's important that European governments recognise this and clear a path for local companies, rather than being "dazzled" by similar offerings from Silicon Valley giants. "It's very easy for governments to be pushed around by big companies and to be dazzled by [for example] Google's first step... It's quite important we recognise the fact we need to build some big companies out of Europe," he explained.

How FiveAI's driverless cars work

While FiveAI's sky-blue cars are cruising around London's streets gathering data, their autonomous counterparts are still being fine-tuned at a testing ground north of London. The goal is to build a fully fledged driverless car system that can be integrated into different vehicles — perhaps with an eye to licensing that technology out to carmakers.

Boland said in May that FiveAI would be ready to conduct a public trial of its driverless cars later this year. Like other driverless car projects, FiveAI's autonomous vehicles rely on being able to "see" and understand what is around them, and react accordingly.

FiveAI's system is a little different from that being tested out by Google. It is aiming to create a software and hardware stack that would allow vehicles to navigate complex environments with simple maps, rather than highly detailed, precise 3D maps.

Laser detectors on an Apple self-driving car.MacCallister Higgins

That requires a huge number of sensors and computing power, Boland told Business Insider.

The company has fitted eight Ford Fusions with a large number of sensors, and is testing them out at Millbrook Proving Ground in Bedfordshire.

Those sensors comprise 14 cameras, three laser detectors, six radars, a GPS, and the additional computing power. There is so much computing power that the hardware is not only housed in a roofbox, but under the bumper and in the trunk. There's also 100kg of battery in the car, Boland said.

The cameras, organised in stereo pairs, do the "seeing", processing raw data feeds and using these to build up an image of their surroundings, and to identify individual objects. Then a deep neural network tries to make sense of the objects in the picture in real time. Even accounting for delays in processing, Boland said, the system "thinks" faster than a human.

"It should be possible for us to build a system that is at least as safe as a human, hopefully safer," he said.

Investors are confident in FiveAI

Though FiveAI's funding is small, Boland said investors are confident.

He described FiveAI's fundraising process last year: "Quite often after half an hour, investors would say 'I should probably do this, will you please let me write a cheque?', and so we could have raised about $100 million last summer when we were raising our Series A but we only raised $18 million."

Boland has previously said publicly that FiveAI has raised a modest sum because it's still building its tech platform. FiveAI will need the big capital raise in future when it wants to buy lots of cars to load its system onto. That may be some point after 2021, according to his previous comments.

Part of the reason for investors wanting to throw money at FiveAI is because Stan Boland is who he is.

John Lusty, the former Oculus engineer who joined FiveAI this year. FiveAI

Dharmash Mistry, a partner at FiveAI's latest lead investor Lakestar, pointed to Boland's history as a UK tech veteran. Boland was once chief executive of iconic British computing company Acorn Computers, and also founded and sold wireless technology firm Icera to Nvidia. Acorn was cofounded by Hermann Hauser, director at another FiveAI investor, Amadeus Capital Partners.

"He's able to recruit super talent because of who he is," Mistry said. Boland managed to poach a senior engineer from Facebook's Oculus division to run FiveAI's simulation team in London. "You're pulling people out of very well-paid jobs, the £200,000 jobs that the Facebooks, Googles, and others offer."

Original author: Shona Ghosh

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Aug
14

Elon Musk reveals he is working with Goldman Sachs and Silver Lake to help take Tesla private (TSLA, GS)

Elon Musk sheds more light on a possible deal to take Tesla private. Max Whittaker / Getty Images

Elon Musk said via Twitter Monday evening that he was working Goldman Sachs and Silver Lake as financial advisors on a proposal to take Tesla private.

Musk also said that he was working with the law firms Wachtell, Lipton, Rosen & Katz and Munger and Tolles & Olson as legal advisors.

Goldman Sachs declined to comment. Silver Lake and both law firms did not immediately respond to a request for comment.

Goldman Sachs has long been a key adviser to Tesla, but the involvement of Silver Lake, best known as a private equity firm specializing in tech investments, is striking. Reuters reported after the tweet that Silver Lake was not discussing participating as an investor in the deal and "was offering its assistance to Musk without compensation and had not been hired as a financial adviser in an official capacity," citing a source.

It started with a tweet

On August 7, Musk tweeted: "Am considering taking Tesla private at $420. Funding secured."

Since Musk's announcement last week, details about such a deal have been sparse.

In a statement published on the company's website Monday, Musk said that after a July 31 meeting with the managing director of Saudi Arabia's sovereign wealth fund he was confident that the fund would back a deal to take Tesla private.

"During the meeting, the Managing Director of the fund expressed regret that I had not moved forward previously on a going private transaction with them, and he strongly expressed his support for funding a going private transaction for Tesla at this time," Musk said in his statement. "I understood from him that no other decision makers were needed and that they were eager to proceed.

"I left the July 31st meeting with no question that a deal with the Saudi sovereign fund could be closed, and that it was just a matter of getting the process moving. This is why I referred to 'funding secured' in the August 7th announcement."

Musk said in his statement that he is still in talks with the Saudi fund, but that he is also having discussions with other investors because he wants to "continue to have a broad investor base."

He said:

"I will now continue to talk with investors, and I have engaged advisors to investigate a range of potential structures and options. Among other things, this will allow me to obtain a more precise understanding of how many of Tesla's existing public shareholders would remain shareholders if we became private."

Full details regarding the source of funding would be provided before anyone would be asked to decide on going private but that it was "premature" to share such information, Musk said.

Read more about Tesla possibly going private:

Original author: Cadie Thompson

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Aug
14

Some of Tesla's board members were reportedly 'totally blindsided' by Elon Musk's tweet about going private (TSLA)

Elon Musk's decision to tweet that he was considering taking Tesla private reportedly caught some of the company's own board directors off guard, The New York Times reported on Monday.

Citing two people familiar with the internal response to Musk's August 7 tweet, The Times said the Tesla CEO had sent that tweet "with little forethought."

The decision to announce the plan, which Musk has since expanded upon, via Twitter "had not been cleared ahead of time with the company's board," The Times wrote.

The reported added that "some members of the board had been totally blindsided by Mr. Musk's decision to air his plan on Twitter."

According to two unnamed people familiar with the fallout who talked to The Times about Musk's online musings, the Tesla CEO allegedly told an informal adviser that he posted on Twitter "impulsively," and said he was "not the kind of person who could hold things in," and admitted he "was angry at the company's critics."

The Securities and Exchange Commission has inquired about Musk's claims, which, if found to be untrue, could cause greater problems for Tesla chief executive.

Original author: Bryan Logan

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Sep
20

Nvidia and PassiveLogic team up to drive integration for autonomous buildings

FBI agent Peter Strzok during his testimony on Capitol Hill. Evan Vucci/AP

A tweet from a self-described parody account "paying tribute" to Peter Strzok, the former FBI agent who was removed from the Russia investigation, went viral after Strzok was fired from the law-enforcement agency.

"I have been fired for expressing my personal opinion in private texts about a dictator that history will soon deem not only a Russian asset but an unhinged madman threatening the sovereignty of the United States of America," the parody account "@notpeterstrzok" tweeted on Monday afternoon.

The tweet has since received over tens of thousands of likes and retweets as of Monday evening.

An hour later, the parody account tweeted again and railed against President Donald Trump, who had accused Strzok of being biased in multiple tweets and speeches.

"We currently live in a country where an FBI agent lost his job for sending anti Trump text messages, yet Trump is still the President despite his campaign having 75 contacts & 25 meetings with Russian operatives WHILE Russia attacked America," the tweet from the parody account read.

Strzok was fired on Friday, following a long investigation into his conduct that stemmed in part from text messages he sent disparaging Donald Trump during the 2016 election.

In a statement, the FBI said Strzok "was subject to the standard FBI review and disciplinary process after conduct highlighted in the IG report was referred to the FBI's Office of Professional Responsibility."

Strzok's attorney, Aitan Goelman, disputed the firing and called it "a departure from typical Bureau practice."

In the text messages sent between Strzok and Lisa Page, an attorney for special counsel Robert Mueller, the two, who were romantically involved, reportedly described Trump's election victory as "f-----g terrifying" and said "we'll stop" Trump from becoming president.

After the text messages were brought to light, Strzok was removed from Mueller's team and was placed in the bureau's human resources department. Page completed her detail before the allegations surfaced.

On Monday, Strzok said he was "deeply saddened" by the FBI's decision and that it was "an honor to serve my country and work with the fine men and women of the FBI."

Original author: David Choi

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Aug
14

Congress is set to grill the FCC's chairman for falsely claiming his agency was hit with a cyberattack — here's how it could affect the war over net neutrality

Federal Communications Commission Chairman Ajit Pai is likely to face some tough questions at a congressional hearing this week. Ethan Miller/Getty Images

Ajit Pai is going to be in the hot seat this week — as well he should be.

The chairman of the Federal Communications Commission is set to testify Thursday in front of a Senate oversight committee. He's certain to have to respond to questions while there about false statements he and some of his subordinates made to lawmakers about an incident last year in which the agency's computer systems got overwhelmed during the comment period for its then-ongoing net-neutrality proceeding.

Pai has tried to distance himself from those false statements, blaming them on the agency's former chief information officer, David Bray. But lawmakers are sure to want to know when Pai knew the statements were false and why he didn't retract them earlier.

Perhaps more importantly, lawmakers may well try to delve into the role the incident played in Pai's effort to overturn the FCC's net-neutrality rules. And the incident and Pai's answers about it could factor into ongoing court battle over his repeal of those rules.

Pai's expected grilling comes as a result of his and his agency's response to the FCC's server outage last year. At the time, the FCC was soliciting public comments for Pai's proposal to repeal the agency's net-neutrality rules.

Net neutrality is at the heart of the current controversy

As you probably know by now, net neutrality is the principle that all data on the internet should be treated the same. The FCC's rules barred internet service providers from blocking, slowing, or speeding access to particular sites and services.

The FCC's servers were overwhelmed after comedian John Oliver focused on the net-neutrality debate in an episode of "Last Week Tonight." HBO While widely popular with the public, the rules were vehemently opposed by the big telecommunications companies and by some anti-regulatory Republicans — most notably Pai, who vowed to repeal them even before becoming the chairman of the FCC. He launched that effort soon after taking over as head of the agency under President Donald Trump.

After proposing his repeal last year, Pai followed agency protocol and opened up his proposal to public comment. In May of last year, comedian John Oliver made the repeal effort the focus of one of the episodes of his show, "Last Week Tonight." Oliver supports net neutrality and explained in the episode why viewers should too. At the end of the episode, he encouraged viewers to tell the FCC to abandon its effort to repeal its rules and provided a custom web site address that would redirect them to the agency's comment page.

Immediately after the episode aired, the FCC's comment system saw a spike in traffic, with the site unavailable to many users in the wake. To outside observers, it seemed clear that the site's unavailability was likely a result of "Last Week Tonight" directing its viewers to the FCC's site for the purpose of registering their objections to the net-neutrality repeal effort.

The FCC blamed the outage on a cyberattack

But that's not how the FCC portrayed things. The day after the episode aired, the agency issued a statement attributed to David Bray, its CIO, that blamed the system problems on "deliberate attempts by external actors to bombard the FCC's comment system." Bray said the effort came in the form of "multiple distributed denial-of-service attacks," better known as DDoS attacks.

The charge was a loaded one. DDoS attacks have become a fairly routine way for hackers to make a website appear offline and unavailable to its users. But launching one against a US government server is a federal crime. So by alleging that a DDoS attack had brought down the FCC's server, Bray triggered an investigation by the agency's inspector general, working in coordination with the FBI.

The DDoS charge also helped to distract attention from the popular outrage against the repeal effort. Instead of everyone talking about all the comments flooding into the FCC site opposing the repeal, the headlines focused on how the FCC site was the victim of an alleged cyberattack.

"This certainly was a potential distraction, and it certainly cast a shadow over what was a really enormous response from the public in support of net neutrality," said Harold Feld, a senior vice president at Public Knowledge, an advocacy group that opposed the repeal effort.

Despite the FCC's assertion, consumer groups and reporters who cover the agency quickly challenged its story, and Democratic senators pressed it for more details. Even though critics argued that the incident had none of the telltale signs of a DDoS attack, the agency under Pai stuck to its guns — and attempted to undermine the naysayers.

In public, it lambasted critics who reported that it didn't have any documentation of the attack. Meanwhile, Gizmodo reports that behind the scenes, the agency worked with friendly reporters to get out the notion that the FCC had seen a similar attack in 2014 when it was considering the net neutrality rules Pai was now trying to overturn.

The investigation showed otherwise

It turns out, though, that the FCC wasn't hit with a DDoS attack last year and likely wasn't affected by one in 2014. Released last week, the inspector general's report makes clear its investigation found no evidence of a such an attack last year, and the agency has released no evidence for one in 2014.

Sen. Ron Wyden, D-Oregon, is among the lawmakers who have scrutinized the FCC's claim that the outage was caused by a cyberattack. Aaron P. Bernstein/Getty Images But the situation is worse than that for Pai and his agency. The investigation found that FCC officials had little basis for making their statements that there had been such an attack. Contrary to the officials' assertions to members of Congress that their analysis had led them to that conclusion, the investigation found they had done no "substantive" analysis at all.

In fact, the paucity of evidence for the attack was so clear so early on, that the investigation quickly swiveled from being an inquiry into a cyberattack into an examination of whether and why FCC officials misled Congress. In January, the inspector general's was concerned enough that a crime had occurred that it referred the matter to the Department of Justice. The DOJ later declined to prosecute.

But all of this raises questions about Pai's role in promulgating and promoting — and waiting more than a year to recant — the now discredited DDoS story.

The incident makes Pai look incompetent — or worse

At best, Pai comes across as being incompetent. The inspector general's office was able to knock down the DDoS story by just pressing the FCC's technology administrators for more details about the outage and finding that they had no evidence to support their claim.

When Bray made a similar claim about an outage in 2014, the FCC at the time didn't broadcast his conclusion. Why? Because agency officials at the time actually examined his assertion and concluded he didn't have any evidence for it, as Gigi Sohn, a counselor to then-FCC Chairman Tom Wheeler, recounted to Gizmodo.

But lawmakers this week are likely to wonder much more than why Pai didn't push Bray and his staff for more details about the outage. They're also likely to press him for more information about when he himself realized that his previous statements to Congress about the incident were false and why he didn't alert legislators earlier. If the inspector general's office had reason to believe back in January that false statements were made, there's a good chance Pai knew back then too. He didn't say anything to correct the record until last week — a day before the report was released.

In his statement, Pai blamed Bray and, in turn, the Obama administration, which hired Bray. He also gave an excuse for not speaking earlier about the misstatements — the inspector general had asked that he not say anything about the investigation while it was ongoing.

"It's almost like has a placard on his desk that says, 'the buck doesn't stop here unless I want it to,'" said Matt Wood, a policy director at Free Press, an advocacy group that also opposed the net-neutrality repeal effort.

It remains to be seen whether Pai's excuses will wash with Congress. For his part, Feld doesn't buy them, particularly when it comes to renouncing the assertion about the DDoS attack. There were plenty of ways and an ample amount of time for Pai to do that without jeopardizing the investigation, he said.

"He had a responsibility to inform the Congress as soon as he had doubts," said Feld. "He had a responsibility to inform Congress and to inform the public."

"Instead," Feld continued, "he kept quiet."

The incident could play a role not just in Congress, but the courts

The false statements about the DDoS attack and Pai's delay in retracting them could linger long past Thursday's hearing. For one thing, should the Democrats recapture one or more houses of Congress this fall, they're likely to subject Pai to much more critical scrutiny going forward than have their Republican colleagues. It also might make them more likely to press forward with legislation that would effectively overturn his repeal.

[Pai] had a responsibility to inform the Congress as soon as he had doubts

But the whole incident over the server outage could also play a role in the legal battle over the repeal. Free Press, Public Knowledge, and other groups have sued the FCC to try to overturn the new rules, which the agency passed in December and which basically remove all net-neutrality protections.

When considering new rules, the FCC is required by law to take public comments into account. As part of the case the groups are making against the rules, they plan to argue that the agency didn't, in fact, make a good-faith effort to do that. Instead, they plan to argue that it failed in its duty to seriously gather and consider the public's comments.

The groups will point at numerous examples of this, but one of the examples will be the agency's inability to handle the comments coming in from "Last Week Tonight" viewers and falsely ascribing that inability to a DDoS attack.

"If that were only thing, it wouldn't be fatal on its own," said Feld. "But it's part of a general pattern of the FCC failing to conduct the process in an above-board way that adequately gave the public a genuine opportunity to be heard."

That's why this is unlikely to be the last you hear about this incident. Although, after Thursday, Aji Pai may wish he'd never heard about it in the first place.

Original author: Troy Wolverton

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Aug
13

'It was, at best, hasty and naive, and, at worst, manipulative': Experts slam Elon Musk's confusing defense of why he tweeted 'funding secured' (TSLA)

Tesla CEO Elon Musk's attempt at damage control may backfire. Rebecca Cook / Reuters

Tesla CEO Elon Musk released a statement on Monday in which he shed light on some of the questions raised last week by his statements about taking the company private. But Musk's explanation is incomplete and raises new questions, experts told Business Insider.

Last week, Musk said he was considering taking Tesla private for $420 a share and implied that he had the funding to do so "secured," pending a shareholder vote. But, at the time, he didn't explain where that funding would come from.

Musk said on Monday that he used the phrase "funding secured" in a tweet last week because he believed there was "no question" Saudi Arabia's Public Investment Fund would provide financing for a deal to convert Tesla into a private company after a July 31 meeting with the fund's managing director.

Musk may have contradicted himself

But his attempt to provide clarity to investors and observers raises new problems, said Jeffrey Sonnenfeld, the senior associate dean for leadership studies at the Yale School of Management.

"It was, at best, hasty and naive, and, at worst, manipulative," he told Business Insider.

(Have a Tesla news tip? Contact this reporter at This email address is being protected from spambots. You need JavaScript enabled to view it..)

While Musk expressed confidence in Monday's statement that the Saudi sovereign wealth fund was interested in helping Tesla go private, he didn't mention any legally-binding agreements that were in place at the time he sent his now-controversial tweet. And Musk said he is currently in discussions with the Saudi fund and other investors, which suggests some sources of funding may not be settled.

"He did not have the firm commitment that he said he did," Sonnenfeld said.

"While he's in talks, there's nothing certain until it's certain, and 'funding secured' and having productive talks are two different things," said James Rosener, a partner at the law firm Pepper Hamilton who specializes in private equity and corporate financing.

Tesla did not respond to a request for comment about the potential disparity between Musk's "funding secured" tweet and his statement from Monday.

The Wall Street Journal reported on Wednesday that the US Securities and Exchange Commission had made an inquiry into Tesla about whether one of Musk's tweets regarding the possibility of taking the company private was truthful. And on Thursday, Bloomberg reported that the agency was "intensifying" its inquiry.

According to Sonnenfeld, Monday's statement doesn't lessen the chance that Musk receives some form of punishment from the SEC, in addition to lawsuits from shareholders, some of which have already been filed.

"It would be hard to imagine he isn't sanctioned, fined, reprimanded in some way for this misconduct," he said.

Musk's statement raises new questions

While the statement appeared to be damage control, according to Gregory Sichenzia, a founding partner at the law firm Sichenzia Ross Ference Kesner, it includes at least one statement that could open Musk to further scrutiny.

At one point, Musk estimates that about two-thirds of the shares owned by current Tesla shareholders would roll over into shares of a private Tesla, were a take-private deal to go through, reducing the total amount of money he would have to raise.

But Musk doesn't explain how he arrived at that estimate.

"How does he know that? How does anyone know that," Sichenzia said. "There's no way to know that, so why would you say it?"

Musk's statements may contradict the reason he wants to take the company private, Akshay Anand, an executive analyst for Kelley Blue Book, said. Last week, Musk said he wanted to take Tesla private in part because the pressures of being a public company have created distractions. But the questions raised by his conduct over the past week may create yet another distraction.

"Musk already has his hands completely full. He doesn't need distractions. The employees don't need distractions. Investors don't need distractions, and this has the potential to turn into one," Anand said.

Read more about Tesla possibly going private:

Original author: Mark Matousek

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Aug
13

Salesforce owns $1 billion worth of other companies — here are its four biggest investments in public companies (CRM, DBX, DOCU, DOMO)

Salesforce has made major investments in other companies under co-CEO Marc Benioff. Robert Galbraith/Reuters Salesforce brings in billions of dollars in revenue each year from its subscription software subscriptions. But the $105 billion cloud company is also a big tech investor, especially when it comes to pouring money into other public companies that sell software to businesses.

And those investments add up. As of April, Salesforce owned $1.02 billion of equity in other companies, according to a company filing.

In a separate filing, published Monday, Salesforce revealed the size and scope of its biggest holdings. All together, the company's four largest investments account for $452 million — just short of half the value of its entire portfolio.

These are Salesforce's four biggest investments:

Original author: Becky Peterson

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Aug
13

SpaceX just let people crawl into its new spaceship for NASA astronauts — here's what it's like inside

The spacesuit and Crew Dragon spaceship that SpaceX will use to launch NASA astronauts into space.SpaceX

SpaceX allowed a few reporters into its Hawthorne, California headquarters on Monday for close-up looks at a new spaceship and spacesuit for NASA astronauts.

The aerospace company, founded by tech mogul Elon Musk, built its Crew Dragon hardware as part of the agency's Commercial Crew Program. Boeing also designed a new seven-person space capsule for NASA called the CST-100 Starliner.

NASA launched the multibillion-dollar program in 2010 to replace the space shuttle, which the agency retired in July 2011, with privately developed American spacecraft — and stop paying Russia increasing prices to fly astronauts to and from the International Space Station.

Crewed test launches of the two spaceships are slated for 2019. However, SpaceX is poised to send the first commercial astronauts into space (in February), given that Boeing must fix leaky fuel valves on the CST-100 Starliner.

Some who attended SpaceX's event took video and photos of Crew Dragon's mock-ups, the flight simulator that astronauts use to train, and the spacesuit, and then shared them on Twitter and Instagram.

Here's a sample of some of the best footage and pictures, and what journalists said it was like inside:

Original author: Dave Mosher

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Aug
13

We tried out 4 phone lenses that let you take photos that aren't possible with your stock iPhone camera — take a look

Sean Wolfe/Business Insider

Mobile phone cameras are incredibly powerful now, and although they still aren't as powerful as modern DSLR cameras, you shouldn't let your phone's photo capabilities go to waste.

However, there are still certain things mobile cameras can't do on their own. One of the advantages of having a standalone, DSLR camera is the ability to swap out lenses for different applications. You can use a wide lens to capture as much of a scene as possible, or use a tele lens to get sharp, crisp shots of subjects far away. Your phone probably only has two lenses at most — iPhones have one standard semi-wide lens (about 28mm), and a medium lens (about 56mm). These get the job done for most tasks, and they do it well, but sometimes it feels like there's something missing.

Moment, a mobile photography company, is trying to fill in the gaps where your phone camera falls short. Although phone cameras won't be replacing DSLRs anytime soon, Moment makes lenses that are designed to give your smartphone camera a wider array of possibilities, including macro, tele, and fisheye shooting.

We tried out Moment's 60mm tele lens($89.99), the 18mm wide lens ($99.99), the 'Superfish' fisheye lens ($89.99), and the macro lens ($89.99). To attach the lenses to your phone you'll need one of Moment's phone cases— we used the 'Battery Photo Case ($99.99) for the iPhone 8 Plus (cases for other phone models are available), which provides some backup battery charge to your phone, and it has a shutter button to allow you to easily capture photos without needing to tap your screen or volume button. The cases let you attach a lens to either the 1x or 2x cameras on your phone, depending on how much additional zoom you want (Note: you'll have to manually switch which lens your phone is using in order for this to work).

Here are the results we got from the lenses:

Original author: Sean Wolfe

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