BTU – Example
1️⃣ China’s Xiaomi launches premium phone to challenge Apple and Samsung and fill the void left by Huawei (Monday, 29 Mar 2021 11:36 AM EDT)
- Xiaomi launched a slew of new smartphones on Monday, with one high-end device aimed at international markets as it looks to push into the premium segment and fill the void left by rival Huawei’s troubles.The devices are:– Mi 11 Lite and Mi 11 Lite 5G
— Mi 11 Pro
— Mi 11 Ultra (for international markets, It will start at 5,999 yuan ($914) and go up to 6,999 yuan ($1,066) for a higher spec version.
- In 2019, Huawei was put on a U.S. blacklist known as the Entity List which restricted American firms from exporting technology to the Chinese company. Google had to cut ties with Huawei meaning the Chinese firm could not use the Android operating system on its devices. It helps to boost the Xiaomi growth.
- Xiaomi, Oppo and Vivo all saw double-digit smartphone shipment growth in the fourth quarter of 2020, according to Canalys. Xiaomi was the third-biggest smartphone maker by market share during the same period.
2️⃣ More data breaches in 2020 than previous 15 years despite 10% growth in cybersecurity spending (Mar 29, 2021 | 1:07 PM)
- Canalys’ research report noted that “more records were compromised in just 12 months than in the previous 15 years combined.”
- This carnage is happening despite the fact that cybersecurity investment grew 10% in 2020 to $53 billion.
- The National Cybersecurity Center and Google on Monday are launching a training program for state lawmakers and their staff in all 50 states to best prepare them for cyber threats ahead of the 2022 midterm elections, FOX Business has learned.
- Cyber attacks on schools in 2020 were record-breaking: Report. Nearly 40 percent of K-12 cyber incidents included data breaches and leaks, while approximately 12 percent involved ransomware. Others included denial-of-access attacks, which impeded access to programs widely used for remote learning.
3️⃣ Tesla double-charged some customers for new cars, leaving them desperate for refund details (MON, MAR 29 20216:07 PM EDT)
- Tesla double-charged some customers for new cars. Now those customers are trying to get refunds for the added charges.
- For the affected buyers interviewed by CNBC, amounts taken from their accounts ranged from $37,000, the price of a base version 2021 Tesla Model 3 sedan, to around $71,000, the price of a 2021 Tesla Model Y crossover SUV loaded with premium options.
- Tesla did not immediately reply to a request for comment for more information. CNBC asked the company how many customers experienced the duplicate charges, how such problems might impact its end-of-quarter delivery numbers (which it is expected to report at the start of April), how quickly the company can refund owners, and what customers should do in this situation.
4️⃣ OpenAI’s text-generating system GPT-3 is now spewing out 4.5 billion words a day (March 29, 2021, 8:24 am)
- One of the biggest trends in machine learning right now is text generation. AI systems learn by absorbing billions of words scraped from the internet and generate text in response to a variety of prompts.
- The best-known AI text-generator is OpenAI’s GPT-3, which the company recently announced is now being used in more than 300 different apps, by “tens of thousands” of developers, and producing 4.5 billion words per day.
- All this is good news for OpenAI (and Microsoft, whose Azure cloud computing platform powers OpenAI’s tech), but not everyone in startup-land is keen. Many analysts have noted the folly of building a company on the technology you don’t actually own. Using GPT-3 to create a startup is ludicrously simple, but it’ll be ludicrously simple for your competitors, too.
- OpenAI GPT-n models: Shortcomings & advantages in 2021 (check the graph and click for the source review)
5️⃣ Facebook and Google partner on undersea cables to link North America with Southeast Asia (Mar 29, 2021 | 5:19 AM)
- Facebook said today it is planning two new undersea cables to connect Singapore, Indonesia, and North America in a project with Google and regional telecommunication companies to boost internet connection capacity between the regions.
- While 73% of Indonesia’s population of 270 million are online, the majority access the web through mobile data, with less than 10% using a broadband connection, according to a 2020 survey by the Indonesian Internet Providers Association.
- Named Echo and Bifrost, those will be the first two cables to go through a new diverse route crossing the Java Sea
6️⃣ New funding for startups:
- British online used-car dealer Cazoo has announced it will list on the New York Stock Exchange in an upcoming IPO, with the company valued at $7bn.
- Nearly two years after WeWork imploded ahead of its planned initial public offering, the office-sharing startup is finally going public. On Friday, WeWork announced a merger with special-purpose acquisition company BowX Acquisition Corp. The deal values WeWork at $9 billion, a far cry from the ridiculously inflated $47 billion it was valued at in the lead-up to its botched IPO.
- Spanish startup Inbrain Neuroelectronics has raised €14m to test its implantable graphene electrodes on patients with epilepsy, Parkinson’s disease and other neurological disorders. The Series A investment is one of the biggest rounds in the Spanish MedTech industry and was co-led by Asabys Partners and Alta Life Sciences with Munich-based Vsquared Ventures and TruVenturo, a German tech and life science company investor. The financing round also counts on the follow-on investment from ICF Venture Tech II, an investment fund from the ICF.
- Ajaib, the Indonesian investment app, has added $65 million to its Series A, bringing the round’s new total to $90 million. The extension was led by Ribbit Capital, the fintech investor that also led Robinhood’s $3.4 billion funding last month. Ajaib is Ribbit Capital’s first investment in Southeast Asia.
- Wiz, an Israeli cloud security startup launched by Microsoft veterans in March 2020, has received $130 million in Series B funding to bring its valuation to $1.7 billion, according to a prepared statement. The Series B financing is expected to help Wiz bolster its cloud infrastructure security platform, the company said. It comes after Wiz raised $100 million in Series A funding in December 2020.