Tag: Microsoft

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Supplier Report: 11/15/2019


Photo by Andres Urena on Unsplash

Xerox is looking to combine with HP Inc, which brings me back to the early days of this blog. There were rumors that HP Inc and Xerox were going to merge way back in 2015 but then Xerox got involved with Fuji Film and then they were no longer involved with Fuji Film. I am not sure how this deal would work considering Xerox wants to acquire HP which has the bigger market cap.

Google’s growing pains continue as critics ponder why the company is pushing so hard to get into hardware while the Government investigates them.

After years of fending off Microsoft, Slack is looking vulnerable due to poor paid growth projections. Everybody seems to be loving Microsoft at the moment, but they know how to be aggressive when they want to be, and they seem to want Slack out of the way.

Acquisitions/Investments

  • HP confirms it has received a proposal from Xerox about being acquired

    The Wall Street Journal got things rolling earlier today when it published a report that Xerox was interested in the printer company, reporting the offer could be for more than $27 billion. That’s a lot of money and the company has to at least consider it (assuming it’s accurate).

    HP acknowledged there are ongoing discussions between the two companies and that it received an offer letter from Xerox yesterday. What’s odd about this particular deal is that HP is the company with a much larger market cap of $29 billion, while Xerox is just a tad over $8 billion. The canary is eating the cat here.

    https://techcrunch.com/2019/11/06/hp-confirms-it-is-having-discussions-with-xerox-about-being-acquired/
    Xerox to Sell Stake in Joint Venture to Fujifilm for About $2.3 Billion

    Xerox has agreed to sell its 25% stake in the venture, Fuji Xerox, to Fujifilm as part of a deal that will bring Xerox total proceeds of $2.3 billion, the companies said.

    Xerox has also agreed to sell a majority stake in a smaller joint venture to an affiliate of Fuji Xerox and extended the timeline of an agreement allowing Fujifilm to be a major supplier to Xerox, the companies said.

    https://www.wsj.com/articles/xerox-to-sell-stake-in-joint-venture-to-fujifilm-for-2-2-billion-11572931801

  • Workday to acquire online procurement platform Scout RFP for $540M

    The acquisition builds on top of Workday’s existing procurement solutions, Workday Procurement and Workday Inventory, but Workday chief product product officer Petros Dermetzis wrote in a blog post announcing the deal that Scout gives the company a more complete solution for customers.

    “With increased importance around the supplier as a strategic asset, the acquisition of Scout RFP will help accelerate Workday’s ability to deliver a comprehensive source-to-pay solution with a best-in-class strategic sourcing offering, elevating the office of procurement in strategic importance and transforming the procurement function,” he wrote.

    https://techcrunch.com/2019/11/04/workday-to-acquire-online-procurement-platform-scout-rfp-for-540m/

  • T-Mobile’s latest merger gambit isn’t subtle

    The three programs T-Mobile announced are contingent on the merger. The company will only provide these services if it is able to complete its merger with Sprint. These programs are each cleverly designed to give T-Mobile instant rebuttals to potential criticisms of the merger. They’re so well-crafted that I can’t help but applaud how genius they are as pieces of propaganda. Even calling them “propaganda” makes me the asshole!

    https://www.theverge.com/2019/11/8/20954479/t-mobiles-5g-publicity-stunt-firefighters-merger-sprint

Artificial Intelligence

  • OpenAI has published the text-generating AI it said was too dangerous to share

    GPT-2 is part of a new breed of text-generation systems that have impressed experts with their ability to generate coherent text from minimal prompts. The system was trained on eight million text documents scraped from the web and responds to text snippets supplied by users. Feed it a fake headline, for example, and it will write a news story; give it the first line of a poem and it’ll supply a whole verse.

    It’s tricky to convey exactly how good GPT-2’s output is but the model frequently produces eerily cogent writing that can often give the appearance of intelligence (though that’s not to say what GPT-2 is doing involves anything we’d recognize as cognition.) But play around with the system long enough and its limitations become clear. It particularly suffers with the challenge of long-term coherence; for example, consistently using the names and attributes of characters in a story, or sticking to a single subject in a news article.

    https://www.theverge.com/2019/11/7/20953040/openai-text-generation-ai-gpt-2-full-model-release-1-5b-parameters

  • Google’s AI education tool makes it easy to train models for your projects

    Google’s Teachable Machine is no longer just a handy lesson in AI — you can now put it to work. The tech giant has launched Teachable Machine 2.0 with the ability to use your machine learning model in apps, websites and other projects. You can upload your model if you need it to work online, or save it if you’d rather have it on-device. You could create your own Not Hotdog app without having to craft an AI system by hand.

    Teachable Machine can also accept more than just images. You can train AI models based on sound and poses in addition to the usual image data (including photos, not just webcam images). Want to determine whether or not your music is metal enough? Now you can. The system also lets you upload your own data sets if you have some on hand, and can train more than three classes per model if necessary.

    https://www.engadget.com/2019/11/07/google-teachable-machine-2/

Cloud

  • Indeed says Deloitte, IBM, Accenture top hirers for blockchain staff

    The report observed that software roles make up the highest percentage of crypto and blockchain jobs. Deloitte, IBM, Accenture, Cisco and Collins Aerospace are the top five companies hiring for crypto and blockchain roles. Another consultancy, EY, comes in at number six. But the proliferation of blockchain technology is not limited to one industry and startups are popping up everywhere.

    The data covered both blockchain and cryptocurrencies, and the top six appear to be firmly in the enterprise blockchain camp. One startup – ConsenSys – falls into both sectors. Earlier in the year it was in the top ten but has now fallen to number 13 on the list of top hirers.

    https://www.ledgerinsights.com/indeed-says-deloitte-ibm-accenture-top-hirers-for-blockchain-staff/

Security/Privacy

  • With a Laser, Researchers Say They Can Hack Alexa, Google Home or Siri

    Researchers in Japan and at the University of Michigan said Monday that they had found a way to take over Google Home, Amazon’s Alexa or Apple’s Siri devices from hundreds of feet away by shining laser pointers, and even flashlights, at the devices’ microphones.

    In one case, they said, they opened a garage door by shining a laser beam at a voice assistant that was connected to it. They also climbed 140 feet to the top of a bell tower at the University of Michigan and successfully controlled a Google Home device on the fourth floor of an office building 230 feet away. And by focusing their lasers using a telephoto lens, they said, they were able to hijack a voice assistant more than 350 feet away.

    https://www.nytimes.com/2019/11/04/technology/digital-assistant-laser-hack.html

  • Google’s cybersecurity project ‘Chronicle’ is in trouble

    The employees Motherboard talked to said people have been leaving the company due to “a distant CEO” and “a lack of clarity about Chronicle’s future.” A former employee called Gillett a figurehead who didn’t care what everyone did outside of money matters. Sales and engineering people have apparently been finding other roles in Google or leaving the company entirely, because they have no product roadmap.

    Gillett himself already left for another role inside Google, while co-founder and chief security Mike Wiacek exited the tech giant. “Chronicle had one of the most healthy and vibrant corporate cultures I could imagine. Things were never perfect, but that’s important,” Wiacek wrote in his farewell note. Motherboard says Will Robinson, the Chief Technology Officer, also announced internally that he’s leaving the company.

    https://www.engadget.com/2019/11/09/google-chronicle-trouble/

Software/SaaS

  • Microsoft reveals the future of OneNote and it’s all about Fluid and desktop

    So what does this mean for the separate OneNote for Windows 10 app? Hodes didn’t reveal exactly what Microsoft is planning, but Mike Tholfsen, a Microsoft product manager, says “there will still be a Desktop and separate Windows 10 app.” It’s hard to imagine that two OneNote apps will exist to confuse Windows 10 users, but Microsoft does still have two Skype apps. It’s far more likely that at some point Microsoft will put development of this dedicated version on hold, as the company will start installing OneNote 2016 by default with Office 365 installs in March.

    Microsoft experimented with universal Office apps for Windows 10, but the company put these apps on hold last year. “We are currently prioritizing development for the iOS and Android versions of our apps; and on Windows, we are prioritizing Win32 and web versions of our apps,” explained a Microsoft spokesperson at the time.

    https://www.theverge.com/2019/11/7/20953691/microsoft-onenote-to-do-integration-fluid-framework-future-features-ignite-2019

  • Slack continues to sink as analysts worry Microsoft will kill it

    The Microsoft threat is a big reason why Slack’s stock, which debuted in late June through a direct listing on the New York Stock Exchange, has plunged in the past few months. It’s a classic David vs. Goliath story — except that most investors don’t believe Slack has a big enough rock to slay the giant from Redmond, Washington.

    Slack shares fell 2% Friday and dipped below $20, hitting an all-time low that is 25% below the stock’s reference price of $24 on the day of its Wall Street debut. The stock has plummeted more than 50% from its peak of $42, which it reached on its first day of trading.

    The company reported a big loss and slowing sales growth in September, news that spooked investors.

    https://www.cnn.com/2019/11/08/investing/slack-stock-microsoft-teams/index.html

Infrastructure/Hardware

  • Why Google, a software giant, is spending billions to get into gadgets

    Despite the billions Google has spent to get into hardware, the tech giant is still a small player in gadgets. Its Android smartphone operating software is in more than three times the number of global devices as Apple’s, but Google continues pushing its Pixel-brand phones, a laggard in market share. Advances in hardware like GPS and radar mean gadget makers are increasingly the gatekeepers for companies that make software for mobile phones. In terms of data collection, having customers using both the device and the operating system is akin to owning the mall rather than just the department store in it.

    https://www.washingtonpost.com/technology/2019/11/04/googles-hardware-dreams-havent-yet-yielded-home-run/

 

Posted on

Supplier Report: 10/25/2019


Photo by Pablo Heimplatz on Unsplash

The ongoing saga of the T-Mobile/Sprint continues with positive news for T-Mobile… the FCC approved the merger. There are still more hurdles for the companies to clear, but for now they are moving forward.

Speaking of Sprint ownership… current Sprint owner SoftBank is mulling over the idea of taking over WeWork. SoftBank has invested almost $10B in WeWork, which is currently estimated to be worth $15B (down from $45B). SoftBank has made some dubious investments in the last few years, should they double down on WeWork?

Meanwhile, there are rumors that Jeff Bezos is mulling over splitting Amazon and AWS to get in front of government momentum that might force the company to split apart in the future. Would a split even matter?

Acquisitions/Investments

  • The FCC has voted to approve the T-Mobile-Sprint merger

    Now, the T-Mobile-Sprint merger faces one more battle before they plan to close the deal. The FCC and DOJ are the only two federal agencies required to approve telecom deals before they can close, and the DOJ already gave the companies the thumbs-up in July. However, a bipartisan coalition of state attorneys general are still trying to block the deal through a multistate lawsuit, and representatives from the two companies said that they won’t close the merger until that is resolved.

    https://www.theverge.com/2019/10/16/20917162/fcc-tmobile-sprint-merger-justice-department-ajit-pai-geoffrey-starks-jessica-rosenworel

Artificial Intelligence

  • Google and Ambient Computing

    Frankly, it’s a compelling vision on multiple dimensions:

    • First, it is a vision for the future that actually seems larger than the smartphone reality we live in. Alternatives like augmented reality or wearables feel smaller.
    • Second, it is a vision that does not compete with the smartphone, but rather leverages it. The smartphone is so useful for so many things that any directly competitive technology would have to cover an impossible number of use cases to displace it; ambient computing, though, simply conceives of the smart phone as one of several means to deliver on its promise.
    • Third, it is a vision that Google is uniquely suited to pursue. The company is a services company incentivized to serve the maximum number of customers no matter the means (i.e. device), and it already has a head start in providing services that contain and accumulate essential information about people’s lives.

    https://stratechery.com/2019/google-and-ambient-computing/

Cloud

  • Workday Casts a Large Cloud

    Workday CEO Aneel Bhusri answered a question about the state of the market by saying “we’re definitely seeing some delays.” He also said companies were still moving ahead with “transformation projects”—meaning an overall shift to cloud-based software—and that Workday isn’t seeing anything “drastically different” in the marketplace.

    The company maintained its previous projections for the fiscal year ending in January, but investors in the richly valued cloud computing software business tend to react badly to signs of sales deceleration. Workday’s stock price slid 11% Wednesday—its worst decline in nearly three years.

    https://www.wsj.com/articles/workday-casts-a-large-cloud-11571252400

  • Amazon Could Be Open To Splitting

    CNBC ran an interview with writer Franklin Foer, who said breaking off the service “would be the obvious thing for [Bezos] to do in the face of this.”

    “I think that eventually Bezos, who is seeing around corners, is going to break up his own company,” Foer said. “AWS exists as its own fantastically profitable business. There’s no reason that it needs to be connected to Amazon the e-retailer. And as he looks at what’s happening in politics, where there’s this increasing bipartisan consensus that Big Tech is a problem, I’m pretty sure he’s going to say, ‘okay, fine.’”

    In a June interview, Andy Jassy, CEO of AWS, said the company would listen to regulators if it was ordered to split off, but that he saw no upside to doing it just yet. As for revenue, AWS made up 13 percent of Amazon’s total in Q2, but more than half of its $3.1 billion in operating income for the same time period.

    https://www.pymnts.com/amazon/2019/could-jeff-bezos-spin-off-amazon-web-services/

Security/Privacy

  • Samsung will fix bug that lets any fingerprint unlock a Galaxy S10

    “Samsung Electronics is aware of the case of the S10’s malfunctioning fingerprint recognition and will soon issue a software patch,” the company told Reuters in a statement. The problem has been deemed serious enough that an online bank in South Korea, KaKaobank, has advised owners to switch off fingerprint recognition until it’s resolved.

    It’s not clear what’s causing the problem, but the Galaxy S10 uses an ultrasonic sensor to detect fingerprint ridges. Plastic or silicone screen protectors can stymie it, so Samsung has been recommending that buyers used approved protective devices. That doesn’t explain why the system is allowing access to non-registered fingerprints, however. Engadget has reached out to Samsung for more information.

    https://www.engadget.com/2019/10/17/samsung-patch-fingerprint-reader/?guccounter=1

Software/SaaS

  • Andrew Yang at Democratic debate: No one uses Bing. ‘Sorry, Microsoft, it’s true.’

    Yang, who has worked as a tech entrepreneur, referenced Bing while answering a question during the CNN and New York Times debate about the proper level of oversight for tech companies, including Facebook and Twitter.

    “We also have to be realistic that competition doesn’t solve all of the problems,” said Yang, 44. “It’s not like any of us wants to use the fourth best navigation app, that would be like cruel and unusual punishment. There’s a reason why no one is using Bing today.”

    A slow “ooh” began to rise up from the audience.

    “Sorry, Microsoft, it’s true,” he said.

    https://www.nj.com/entertainment/2019/10/andrew-yang-at-debate-no-one-uses-bing-sorry-microsoft-its-true.html

  • Amazon’s consumer business says bye bye to Oracle databases, moves to AWS

    But let’s get real. AWS will get more marketing returns out of this Amazon consumer migration than ever. More than 100 teams in Amazon’s consumer business contributed and the AWS move gives it a purpose built approach to databases. Again, Oracle would argue that leads to database sprawl. It is also worth noting that Amazon still has some Oracle databases. AWS explained: “Some third-party applications are tightly bound to Oracle and were not migrated.”

    But generally speaking, Amazon’s consumer unit moved most systems to AWS databases such as Amazon DynamoDB, Amazon Aurora, Amazon Relational Database Service (RDS), and Amazon Redshift. The migration covered 100% of Amazon’s proprietary systems.

    As for returns, Amazon is claiming that it reduced database costs by more than 60% with latency reductions of 40% and database admin overhead by 70%.

    https://www.zdnet.com/article/amazons-consumer-business-says-bye-bye-to-oracle-databases-moves-to-aws/

Other

  • Former Oracle co-CEO Mark Hurd has passed away

    Mark Hurd, who until last month was one of two CEOs leading the database software giant Oracle, has passed away at age 62, one month after telling employees in a letter that he was taking a leave of absence owing to health reasons.

    Hurd joined Oracle nine years ago, after spending five years with Hewlett-Packard, where he was CEO, president and, ultimately, board chairman, all roles from which he was pressured to resign in 2010 after submitting inaccurate expense reports that concealed his personal relationship with an outside consultant to the company.

    https://techcrunch.com/2019/10/18/former-oracle-co-ceo-mark-hurd-has-passed-away/

  • IBM Earnings Fall in Prolonged Sales Slump

    IBM on Wednesday reported sales of $18.03 billion, below analysts expectations and trailing the $18.76 billion it posted in the year-prior period. Shares slumped 6% in after-hours trading.

    The revenue decline was IBM’s 27th overall under Ms. Rometty, who has struggled to adapt the more than century-old company to a changing global IT landscape since taking the reins in 2012.

    The company’s closely watched adjusted earnings per share fell to $2.68, but came in slightly higher than analysts’ forecasts of $2.66.

    https://www.wsj.com/articles/ibm-earnings-fall-in-prolonged-sales-slump-11571258768

  • Son, SoftBank Risk Too Much With WeWork Takeover

    Son’s desire to be a savior may be strong. His 2012 takeover of U.S. telecommunications company Sprint Corp. is one of the most notable examples. But Vision Fund investors may also take it as a warning: Sprint remains unprofitable. It has also taken up a lot of management time as SoftBank executives worked to find a buyer — Sprint now plans to merge with T-Mobile USA — and then regulators to allow the deal to go through.

    As big as WeWork is, that investment is just 10% of the Vision Fund. Yet VC investing returns aren’t measured in percentage points, but multiples. The Vision Fund should be able to write off WeWork in its entirety and still post solid profits. It also means that expending an inordinate amount of time, and reputation, on one investee is not in the best interests of the Vision Fund’s other 82 portfolio companies, nor its investors.

    https://www.washingtonpost.com/business/son-softbankrisktoo-much-with-wework-takeover/2019/10/14/f3b46fd8-ee4e-11e9-bb7e-d2026ee0c199_story.html

Posted on

News You Can Use: 10/16/2019


Photo by Alex Iby on Unsplash

  • Scratching the Itch: Knowing When to Leave a Job or to Stay

    Because talent can be difficult to come by, an employer should do something that recognizes your worth. Despite it being in the HR department’s best interests to retain talent, incentives are actually skewed to get employees to leave. Employees more quickly leave “incentivizing” companies in favor of companies that help them visualize their path within the organization.

    It’s hard to walk away from a clearly communicated path to success. That’s the bet that companies are making in the HR space. For example, Instructure introduced Bridge, an employee development platform that creates a visual roadmap for success. Bridge also connects employees with mentors, but the real benefit is that it allows each employee to visualize what he has to do in the next six months to get promoted to get where he ultimately wants to be in his career in the next three years.

    “In the 1990s and early 2000s, customer centricity was used by corporations who wanted to effectively connect with and understand their clients,” noted Dan Goldsmith, CEO of Instructure. “We see a similar focus by companies today who want to be more employee-centric.”

    https://www.entrepreneur.com/article/340220

  • Meetings aren’t the biggest time waster at work. This thing is

    “There’s been an explosion in the number of software applications available,” says Jody Shapiro, Productiv founder and former head of Google Analytics. “The struggle is in the organic adoption of these tools. Ten years ago, everybody used Microsoft Office and Adobe tools. Today, SaaS [software as a service] vendors are selling directly to business units, and we are experiencing a sprawl of applications meant to increase productivity. The problem is that different departments are using different tools, and that slows everyone down.”

    Shapiro says the biggest challenge is redundancy. “Within a company, the legal team might use Microsoft Word, the engineers are using Google Docs and the marketing team is using Dropbox Paper. If you want to find a document, you may need to check five different tools. This is a massive productivity killer, and it can impact morale.”

    https://www.fastcompany.com/90411686/meetings-arent-the-biggest-time-waster-at-work-this-thing-is

  • Talking Tech with Microsoft CEO Satya Nadella
  • Millennial and Gen Z employment: 7 things young talent wants in a job

    Working in the field often requires on the spot decision-making. Without a supervisor hovering over you, one of the most essential skills field service technicians have to master is how best to solve problems. Armed with tools like augmented reality interfacing and video tutorials, service technicians are given the freedom and trust to reach the best conclusion for each customer.

    This kind of autonomous work environment demands independent thinking, keen insight, clever workarounds, and confidence in one’s own abilities. Millennials, accustomed to seeking out information just within reach of their fingertips, are ideally suited to handle the pressure and reap the rewards of satisfying tough customer requests. And this in turn explains the trend towards a gig economy.

    https://www.the-future-of-commerce.com/2019/10/02/millennial-and-gen-z-employment-wants/

Posted on

Supplier Report: 10/4/2019


Photo by chuttersnap on Unsplash

September was the month of the failed CEO. Adam Neumann of WeWork has stepped down. Mark Hurd is out on sick leave. Devin Wenig of eBay quit. And Herbert Diess if Volkswagen is under investigation for fraud.

What is the takeaway? Nobody is perfect. And – the time of the unicorns is coming to a close (thankfully). A business has to have a profitable model and if they don’t… heads are going to roll.

With SoftBank coming under more scrutiny for these runaway business valuations, it will be interesting to see what the future holds for the darlings of Silicon Valley.

Acquisitions/Investments

  • Facebook has acquired Servicefriend, which builds ‘hybrid’ chatbots, for Calibra customer service

    As Facebook prepares to launch its new cryptocurrency Libra in 2020, it’s putting the pieces in place to help it run. In one of the latest developments, it has acquired Servicefriend, a startup that built bots — chat clients for messaging apps based on artificial intelligence — to help customer service teams, TechCrunch has confirmed.

    Although Facebook isn’t specifying what they will be working on, the most obvious area will be in building a bot — or more likely, a network of bots — for the customer service layer for the Calibra digital wallet that Facebook is developing.

    Facebook’s plan is to build a range of financial services for people to use Calibra to pay out and receive Libra — for example, to send money to contacts, pay bills, top up their phones, buy things and more.

    https://techcrunch.com/2019/09/21/facebook-servicefriend/

Artificial Intelligence

  • Ex-Google worker fears ‘killer robots’ could cause mass atrocities

    Nolan, who has joined the Campaign to Stop Killer Robots and has briefed UN diplomats in New York and Geneva over the dangers posed by autonomous weapons, said: “The likelihood of a disaster is in proportion to how many of these machines will be in a particular area at once. What you are looking at are possible atrocities and unlawful killings even under laws of warfare, especially if hundreds or thousands of these machines are deployed.

    “There could be large-scale accidents because these things will start to behave in unexpected ways. Which is why any advanced weapons systems should be subject to meaningful human control, otherwise they have to be banned because they are far too unpredictable and dangerous.”

    https://www.theguardian.com/technology/2019/sep/15/ex-google-worker-fears-killer-robots-cause-mass-atrocities

  • Microsoft launches its AI presentation coach for PowerPoint

    The new PowerPoint Presentation Coach aims to take the hassle out of practicing. In its current version, the tool looks at three things: pace, slide reading and word choice. Pace is pretty self-explanatory and looks at how fast or slow somebody is speaking. The “slide reading” feature detects when you are simply reading the words from your slides word for word. Nobody wants to sit through that kind of presentation. The “word choice” tool doesn’t just detect how often you say “um,” “ah,” “actually” or “basically,” it also gives you feedback when you are using culturally insensitive phrases like “you guys” or “best man for the job.”

    https://techcrunch.com/2019/09/25/microsoft-launches-its-ai-presentation-coach-for-powerpoint/

Cloud

  • Oracle reportedly funding anti-Amazon lobbying group

    Oracle Vice President Kenneth Glueck, who runs the company’s lobbying efforts out of an office in Washington, D.C., confirmed to the Wall Street Journal that Oracle has backed Free and Fair Markets. Oracle declined to comment on the report to CRN.

    Glueck has been the chief architect of Oracle’s strategy to lobby the U.S. government against AWS winning the entirety of the looming JEDI contract—the centerpiece of the military’s potentially $10 billion cloud transformation initiative from which Oracle has been knocked out of contention. Only AWS and Microsoft remain on a short-list, but delivery of the Joint Enterprise Defense Infrastructure award has been delayed because of political factors.

    https://www.crn.com.au/news/oracle-reportedly-funding-anti-amazon-lobbying-group-531322
    Reminder: Oracle did the same thing against Google in Europe

  • Oracle speaking with Google’s antitrust investigators

    The House Judiciary Committee has asked for information from dozens of companies potentially harmed by anti-competitive actions of the tech giants. The committee will issue subpoenas based on how many voluntarily answer the requests.

    Oracle and Google have a long-standing legal battle over whether Google infringed on Oracle’s Java copyright to make the Android OS. The Supreme Court is currently deciding whether to take up a Google appeal to the suit.

    https://seekingalpha.com/news/3502058-oracle-speaking-googles-antitrust-investigators

Security/Privacy

  • DoorDash confirms data breach affected 4.9 million customers, workers and merchants

    The breach happened on May 4, the company said, but added that customers who joined after April 5, 2018 are not affected by the breach.

    It’s not clear why it took almost five months for DoorDash to detect the breach.

    DoorDash spokesperson Mattie Magdovitz blamed the breach on “a third-party service provider,” but the third-party was not named. “We immediately launched an investigation and outside security experts were engaged to assess what occurred,” she said.

    https://techcrunch.com/2019/09/26/doordash-data-breach/

  • Facebook’s Suspension of ‘Tens of Thousands’ of Apps Reveals Wider Privacy Issues

    The social network said in a blog post that an investigation it began in March 2018 — following revelations that Cambridge Analytica, a British consultancy, had retrieved and used people’s Facebook information without their permission — had resulted in the suspension of “tens of thousands” of apps that were associated with about 400 developers. That was far bigger than the last number that Facebook had disclosed, of 400 app suspensions in August 2018.

    https://news.yahoo.com/facebooks-suspension-tens-thousands-apps-140153504.html?.tsrc=daily_mail&uh_test=2_11

Other

  • CEO of WeWork, Which Has Lost an Unfathomable Amount of Money, Is Stepping Down

    Adam Neumann, the eccentric co-founder of WeWork, is stepping down as CEO after a torrent of news cycles that read like pulp fiction, the New York Times reported. The Times reports that pressure came from investors and board members, and Neumann will stay on as the nonexecutive chairman of WeWork’s parent, the We Company.

    In a press release, Neumann said “While our business has never been stronger, in recent weeks, the scrutiny directed toward me has become a significant distraction, and I have decided that it is in the best interest of the company to step down as chief executive.”

    https://www.vice.com/en_us/article/ne8dbw/ceo-of-wework-which-has-lost-an-unfathomable-amount-of-money-is-stepping-down

    The Week the C.E.O.s Got Smacked

    Adam Neumann stepped down as chief executive of WeWork after a botched attempt to take the company public. Devin Wenig left his role as chief of eBay after the company’s board grew impatient with poor performance. And Herbert Diess, the chief executive of Volkswagen, was charged with stock market manipulation and misleading investors. Mr. Diess remains in his job, but all week, smartphone push alerts seemed to ping with the news of executive heads rolling.

    Those three executives joined the recently departed chiefs of Juul, Nissan, comScore and HSBC as reminders that at the end of the trading day, corporate chieftains are there to make shareholders money.

    https://www.nytimes.com/2019/09/28/business/wework-juul-ebay-ceo.html

  • Poll: Two-thirds of Americans want to break up companies like Amazon and Google

    Across political party identification, Americans are pretty consistent about breaking up Big Tech. The poll shows that on the more extreme ends of both the left and the right, there is more enthusiasm on the matter.

    Forty-two percent of Americans who consider themselves very liberal and 40 percent of those who say they’re very conservative strongly support breaking up tech companies to foster competition, while about 30 percent of those who identify as liberal or conservative say the same. (Moderates and people unsure of their political affiliation showed the lowest support). On breaking up for content, 56 percent of people who say they’re very liberal and 47 percent of people who say they’re very conservative back breaking up Big Tech.

    https://www.vox.com/policy-and-politics/2019/9/18/20870938/break-up-big-tech-google-facebook-amazon-poll

Posted on

Supplier Report: 9/20/2019


Photo by Josh Appel on Unsplash

News about massive acquisitions, mergers, and government fines can make it easy to lose track of the true value of a dollar.

WeWork and Uber continue to struggle justifying their value and become cash-flow positive. Google, through all of their own self-inflicted wounds are being treated like a piggy bank for foreign and the US governments.

Meanwhile critics of IT companies keep touting the value of data over the value of hard cash. Interesting times indeed.

Acquisitions/Investments

None this week

Artificial Intelligence

  • How to Build Artificial Intelligence We Can Trust

    For certain A.I. tasks, the dominant data-correlation approach works fine. You can easily train a deep-learning machine to, say, identify pictures of Siamese cats and pictures of Derek Jeter, and to discriminate between the two. This is why such programs are good for automatic photo tagging. But they don’t have the conceptual depth to realize, for instance, that there are lots of different Siamese cats but only one Derek Jeter and that therefore a picture that shows two Siamese cats is unremarkable, whereas a picture that shows two Derek Jeters has been doctored.

    In no small part, this failure of comprehension is why general-purpose robots like the housekeeper Rosie in “The Jetsons” remain a fantasy. If Rosie can’t understand the basics of how the world works, we can’t trust her in our home.

    https://www.nytimes.com/2019/09/06/opinion/ai-explainability.html

Cloud

  • Attorneys General Launch Probe of Google

    Texas Attorney General Ken Paxton, a Republican, announced the probe in front of the U.S. Supreme Court building, joined by about a dozen other attorneys general. In all, 48 states are part of the investigation of the Alphabet Inc. unit, plus Puerto Rico and the District of Columbia, officials said.

    Mr. Paxton said the states for now would focus on Google’s practices in online advertising markets. “But the facts will lead where the facts lead,” he said, adding, “We don’t know all the answers.”

    The states sent Google a civil subpoena on Monday seeking information about its ad practices, officials said.

    https://www.wsj.com/articles/attorneys-general-launch-probe-of-google-11568055853

  • Google, Amazon and Microsoft in Battle to Store Health Data in the Cloud

    Google will announce Tuesday a 10-year deal with the Mayo Clinic to store the hospital system’s medical, genetic and financial data. Providence St. Joseph Health in July said it reached a data-storage agreement with Microsoft. Later that month, Cerner Corp. CERN -0.24% , one of the largest electronic-health-record companies, unveiled its cloud-storage agreement with Amazon’s cloud-computing unit, Amazon Web Services.

    Some hospital-system and company officials said they expect to jointly develop new software by combining data and expertise of health-care companies with tech giants’ computing power and engineering know-how. “Google can’t do this alone. We can’t do this alone,” said Cris Ross, Mayo’s chief information officer. The terms weren’t disclosed.

    Patient records will be kept private and access will be controlled by Mayo, Mr. Ross said. Data used to develop new software will be stripped of any information that could identify individual patients before it is shared with the tech giant.

    https://www.wsj.com/articles/google-amazon-and-microsoft-in-battle-to-store-health-data-in-the-cloud-11568122202

Security/Privacy

  • Big Tech’s Hands-Off Era Is Over

    Over the years, these growing companies have successfully skirted legal recourse for bad actors on their sites. They have had the law on their side: Section 230 of the Communications Decency Act of 1996 shields internet platforms from liability for what others post.

    Now, as global behemoths, it seems that with greater power comes greater legal responsibility. The U.S. Court of Appeals for the Third Circuit earlier this year held that a customer in Pennsylvania could sue Amazon over a product that was allegedly unsafe. Meanwhile, Facebook was recently fined $5 billion over privacy violations—the largest privacy-related fine in the history of the Federal Trade Commission. Google was also just hit with a $170 million FTC fine over its YouTube operation, for which the company made changes such as disabling comments on children’s videos.

    https://www.wsj.com/articles/big-techs-hands-off-era-is-over-11567762389

  • 51 tech CEOs send open letter to Congress asking for a federal data privacy law

    Many privacy advocates (and even some tech CEOs) believe tech companies aren’t really looking after users’ interests, but their own. There’s a belief that companies are trying to aggregate any privacy lawmaking under one roof, where lobby groups can water-down any meaningful user protections that may impact bottom lines.

    Many companies make money by selling customers’ personal or device-usage data to online advertisers. A privacy framework with too many teeth could prevent companies from selling certain types of data.

    To help speed up the legislative process, the Business Roundtable group released their own consumer privacy framework [more here] that they’d like Congress to analyze and use as a base for any future law. This proposal includes many of the same provisions of the EU’s General Data Protection Regulation (GDPR); however, in very broad terms.

    https://www.zdnet.com/article/51-tech-ceos-send-open-letter-to-congress-asking-for-a-federal-data-privacy-law/

  • 1B Mobile Users Vulnerable to Ongoing ‘SimJacker’ Surveillance Attack

    Researchers on Thursday disclosed what they said is a widespread, ongoing exploit of a SIM card-based vulnerability, dubbed “SimJacker.” The glitch has been exploited for the past two years by “a specific private company that works with governments to monitor individuals,” and impacts several mobile operators – with the potential to impact over a billion mobile phone users globally, according to by researchers with AdaptiveMobile Security.

    “Simjacker has been further exploited to perform many other types of attacks against individuals and mobile operators such as fraud, scam calls, information leakage, denial of service and espionage,” said researchers with AdaptiveMobile Security in a post breaking down the attack, released Thursday.

    https://threatpost.com/1b-mobile-users-vulnerable-to-ongoing-simjacker-surveillance-attack/148277/

Infrastructure/Hardware

  • The mainframe business is alive and well, as IBM announces new z15

    IBM announced last month that it was making OpenShift, Red Hat’s Kubernetes-based cloud-native tools, available on the mainframe running Linux. This should enable developers, who have been working on OpenShift on other systems, to move seamlessly to the mainframe without special training.

    IBM sees the mainframe as a bridge for hybrid computing environments, offering a highly secure place for data that when combined with Red Hat’s tools, can enable companies to have a single control plane for applications and data wherever it lives.

    https://techcrunch.com/2019/09/12/the-mainframe-business-is-alive-and-well-as-ibm-announces-new-z15/

Other

  • California Bill Makes App-Based Companies Treat Workers as Employees

    The bill passed in a 29-to-11 vote in the State Senate and will apply to app-based companies, despite their efforts to negotiate an exemption. On Wednesday morning, the Assembly gave its final approval, 56 to 15. California’s governor, Gavin Newsom, endorsed the bill this month and is expected to sign it. Under the measure, which would go into effect Jan. 1, workers must be designated as employees instead of contractors if a company exerts control over how they perform their tasks or if their work is part of a company’s regular business.

    The bill may influence other states. A coalition of labor groups is pushing similar legislation in New York, and bills in Washington State and Oregon that were similar to California’s but failed to advance could see renewed momentum. New York City passed a minimum wage for ride-hailing drivers last year but did not try to classify them as employees.

    https://www.nytimes.com/2019/09/11/technology/california-gig-economy-bill.html

  • Mark Hurd, the co-CEO of Oracle, is taking a leave of absence, citing health reasons

    With Hurd’s departure for now, Catz will become the sole CEO of Oracle. Ellison, who remains the company’s CTO, is also expected to take on some of Hurd’s responsibilities, says CNBC.

    https://techcrunch.com/2019/09/11/mark-hurd-the-co-ceo-of-oracle-is-taking-a-leave-of-absence-citing-health-reasons/

    Safra Catz has long been Oracle’s secret weapon, and analysts say that it’s her time to shine as sole CEO: ‘This will test her, but she will prevail’

    Ray Wang of Constellation Research described Catz as “an extraordinary operator” who has not drawn as much attention as Oracle’s other high-profile — and sometimes controversial — top execs.

    “Many folks underestimate her because she doesn’t want to take the limelight, but she has a silent power,” he told Business Insider. “I think she’s not sought the limelight but internal folks will always tell you she’s the one running the company in the background. Her biggest weakness is a strength in today’s climate. She’s not seeking the limelight. She’s focused on getting the job done.”

    https://www.businessinsider.com/safra-catz-profile-oracle-sole-ceo-2019-9

  • Jack Ma officially retires as Alibaba’s chairman

    Ma will continue serving on Alibaba’s board until its annual general shareholders’ meeting next year. He also remains a lifetime partner of Alibaba Partnership, a group drawn from the senior management ranks of Alibaba Group companies and affiliates that has the right to nominate (and in some situations, appoint) up to simple majority of its board.

    Ma said in last year’s announcement that he plans for his departure from Alibaba Group to be very gradual: “The one thing I can promise everyone is this: Alibaba was never about Jack Ma, but Jack Ma will forever belong to Alibaba.”

    https://techcrunch.com/2019/09/09/jack-ma-officially-retires-as-alibabas-chairman/

  • Google to pay $549 million fine and $510 million in back taxes in France

    This is a settlement, which means that French authorities are dropping charges against Google in France. It covers activities from 2005 to 2018.

    According to previous reports, the company owed around $1.3 billion in taxes. In 2014, Google started putting aside some money for a potential fine.

    https://techcrunch.com/2019/09/12/google-to-pay-549-million-fine-and-510-million-in-back-taxes-in-france/

  • WeWork and Uber are proof valuations are meaningless

    Up top, we dug into WeWork and the latest from the company’s continuing IPO saga. The question regarding the co-working company’s public offering has changed to whether the IPO will happen this year, not just at what price the firm can entice enough investment to actually get public.

    Alex has written about the company’s cash appetite a few times now, which raise the question of how long the company can survive without some sort of large, external investment. If SoftBank is willing to commit more capital is an open question

    https://techcrunch.com/2019/09/13/wework-and-uber-are-proof-valuations-are-meaningless/
    WeWork’s Latest Threat: Old-School Landlords Trying to Copy WeWork

    WeWork started off as a great customer of Hines Interests LP and other landlords, leasing unused space and renting it to businesses too tiny to be ordinary tenants, Hines executive Charlie Kuntz said in a presentation after dessert, according to several people present.

    But WeWork didn’t stop there. It began cutting deals with large corporations too, making it a threat to Hines’s core business. WeWork’s move reminded some at the dinner of how Airbnb Inc. stole business from hotels and how taxicab companies saw Uber Inc. eat their lunch.

    “It’s not too late for us,” Gerald Hines, the 94-year-old family patriarch and CEO’s father, told the group.

    This June, the big landlord punched back. It launched its own co-working business, called Hines Squared, as a direct competitor to WeWork.

    https://www.wsj.com/articles/weworks-latest-threat-old-school-landlords-trying-to-copy-wework-11568127640