Technology

Technology

Kodak-branded KashMiner Bitcoin mining rig for rent wasn’t — and won’t be

Write off another piece of crypto craziness: A Kodak-branded Bitcoin-mining rig that was on show at CES in January, where it generated much headshaking and skepticism that it could ever deliver the claimed returns, has evaporated into the ideas ether from whence it came. The BBC reports that the plan to rent access to Kodak-branded KashMiner devices for the chance to earn Bitcoin returns has collapsed. Spotlite USA, the company that had shown off the rig at CES, was also never officially licensed to use Kodak’s brand for the mining rig, according to the report (although the company does seemingly license Kodak’s brand for use on LED lighting products which nonetheless have nothing at all to do with Bitcoin mining so…). Nor had it installed multiple KashMiner devices at Kodak’s offices, as ...

Netflix experiments with promoting its shows on the login screen

Netflix is testing a new way to promote its original shows – right on the login screen. A company spokesperson confirmed the streaming service is currently experimenting with a different login screen experience which replaces the black background behind users’ names and profile thumbnails with full-screen photos promoting a Netflix Original series or special, like “BoJack Horseman,” “Orange is the New Black,” “Dark,” “My Next Guest…”, “13 Reasons Why,” and several others. We first noticed the change on a TV connected to a Roku media player and on a Fire TV, but Netflix says the test is running “for TV,” which means those on other TV platforms may see the promoted shows as well. (Our Roku TV, however, had the same black background on the login screen, we should note.) The promoted shows are...

Restaurant booking startup Eatigo chows down ~$10M more from TripAdvisor

Eatigo, a Southeast Asia-based dining service that describes itself as an ‘anti-Groupon’ for restaurants, had a busy 2017 that saw it expand into a number of markets including India. Now it is primed to continue that growth further still after it gobbled down a fresh serving of capital from TripAdvisor, the travel giant that it already counts as an investor. Ok, no more food jokes, I promise… The funding is undisclosed but Eatigo CEO and co-founder Michael Cluzel told TechCrunch it is ‘eight-digits.’ We do know that it takes Eatigo to over $25 million raised to date which, given that the startup had raised more than $15 million following the completion of its previous round, suggests that the amount is around the $10 million mark. Eatigo was founded in Bangkok in 2013 and it is designed to...

Proportunity offers ‘help to buy’ loans based on predicting future house prices

Proportunity, a London-based startup and Entrepreneur First alumni, wants to help first time buyers get on the property ladder earlier or purchase a home more to their liking. The company, which recently became an FCA authorised mortgage lender, claims to use machine learning to accurately forecast future house prices and the areas of London that will see the highest growth in the next few years. Based on confidence in this modelling, it will soon begin offering equity loans to boost your deposit when buying a first home. Specifically, once Proportunity has used its technology to help identify a property for sale that both fits your needs and offers good house price growth prospects, the startup will offer an equity loan of up to 15 percent of the property’s price. You then combine this lo...

Liberty, equality, technology: France is finally poised to become a tech power

Once America had an unassailable advantage, an economic flywheel that spun off innovation and Fortune 500 companies like a perpetual-motion machine. Bring in the best, brightest, and most driven from around the world; educate them or their children at its universities; then watch them start companies, succeed wildly, give back to their alma maters, and recruit new talent as the virtuous cycle began again. It hardly mattered whether these immigrants came in as students (think Satya Nadella, Sundar Pichai, and Steve Jobs’ father Abdul Fattah Jandali) or with their families (Sergey Brin and Jerry Yang) or as refugees (eg Alexis Ohanian’s father’s family) or as undocumented immigrants (eg Ohanian’s mother.) Meanwhile, the UK, thanks to its Commonwealth connections and universities like Oxbridg...

Elon Musk tweets he’ll “bet ya a signed dollar” that Thai cave rescuer is a “pedo”

Elon Musk seems not only intent on burning all the goodwill he earned for trying to help last week’s Thai cave rescue, but rolling around in its ashes, too. In a series of extraordinarily offensive, now deleted tweets, the SpaceX and Tesla CEO called a British diver who participated in last week’s dangerous rescue mission a “pedo guy,” adding in another tweet “bet ya a signed dollar it’s true.” Musk’s tantrum was triggered by an interview the diver, Vern Unsworth, gave CNN International last Friday, in which he called the small submarine Musk had SpaceX engineers build a “PR stunt” and said Musk could stick it “where it hurts.” Though the submarine was intended to help the 12 boys stranded with their soccer coach navigate flooded cave passageways, Unsworth, who helped plan the rescue opera...

Sacha Baron Cohen is about to add jet fuel to Showtime’s rise, starting tonight

Netflix has been killing competitors with its original TV shows and movies. A Morgan Stanley survey released back in May had 39 percent of U.S. consumers naming Netflix as offering the “best original programming” among subscription video services, with everyone else eating its dust, including HBO, which nabbed 14 percent, Amazon Prime Video (5 percent) and Showtime Networks, with a measly 3 percent of the votes. That could well change with a new, seven-part Showtime series by Sacha Baron Cohen, the English actor, comedian, screenwriter, and producer who has played fictional characters Ali G, Borat Sagdiyev, and Bruno, and who is back in brilliant form, including as Israeli anti-terrorist expert Col. Erran Morad. If you doubt that the series — “Who is America” — is going to be the talk of t...

A list of ten things that billionaire owners of EV, clean energy and rocket companies should and should not tweet

So… apparently there’s been another kerfuffle on the Twitter about some asinine things that a certain wealthy, rocket-building, payment-revolutionizing, electric vehicle company-creating entrepreneur has written in tweets to millions of followers. This billionaire is, by all accounts, incredibly difficult to work for, very visionary and … a bit thin-skinned for someone with such a habit of courting press. I’m not saying that’s his fault. He’s been shredded by hundreds of people in thousands of messages on a platform that’s given him millions of (fake and) real followers and a megaphone that would be powerful enough to change the world (or at least the world’s coverage of him) with a single bloviating bit of textual hot air. And boy, as a billionaire entrepreneur, does this fella blow the h...

In Q2 2018, late-stage deals led the world’s venture capital market

Here is what you should take away from the state of the global venture capital market: late-stage deals dominated Q2. Using projected data provided by Crunchbase, Crunchbase News reported that Q2 2018 marks new post-dot com highs for both VC deal and dollar volume around the world, the latter of which was propelled by a surge in late-stage deals (Series C and above). The chart below plots growth in projected late-stage deal and dollar volume over time. This remarkable growth in dollar volume — more than doubling since the same period in 2017 — has led to the late-stage deal market looming large over the venture landscape. For perspective, late-stage rounds accounted for about 42 percent of dollar volume in Q2 2017, but it made up 64 percent of dollar volume in Q2 2018. To be clear, this is...

Why BMW needs to own its customer experience from start to finish

For the last few years now, BMW has wrestled with the question of what it’ll mean to be a luxury car manufacturer in the age of electric cars, autonomous driving and rapidly changing — and increasing — customer expectations. What, after all, makes something the “ultimate driving machine” when the driver eventually stops driving? For BMW, the answer is a renewed focus on technology and the in-car experience it enables, without forgetting its heritage in performance cars. To discuss the state of the company’s transformation, not just in terms of its cars but also its business model, I sat down with BMW’s outspoken VP of Digital Products and Services Dieter May shortly after the company unveiled the latest version of its in-car operating system. “We build digital products and services that ar...

Department of Justice indicts 12 Russian intelligence officers for Clinton email hacks

Just days before President Trump is set to meet with Russian President Vladimir Putin, the Department of Justice has leveled new charges against 12 Russian intelligence officers who allegedly hacked the Democratic National Committee and the presidential campaign of Hillary Clinton . The charges were released by Rod J. Rosenstein, the deputy attorney general who’s leading the investigation into Russian election tampering because of the recusal of Attorney General Jeff Sessions from the investigation. In January of last year, the intelligence community issued a joint statement affirming that Russia had indeed tampered with the U.S. presidential elections in 2016. Now the investigation is beginning to release indictments. Three former campaign aides for the president’s campaign have already p...

Chowly is raising $5.8 million to help restaurants manage on-demand delivery orders

Chowly, a point-of-sale system for restaurants, has raised nearly $4.7 million, according to an SEC filing. The company is targeting a total raise of $5.8 million. The round is led by MATH Venture Partners with participation from Valor Equity, Chicago Ventures, Hyde Park Venture Partners and others. Chowly had previously raised just $700,000 from MATH Venture Partners, Domenick Montanile and others. Chowly aims to help restaurants better manage the influx of delivery orders they receive from a variety of services, such as Grubhub, Delivery.com and Chownow. In May, Square launched a point-of-sale system for restaurants that integrates on-demand delivery platform Caviar. Down the road, Square said it envisions third-party applications from companies like Postmates, UberEats and DoorDash.