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Tech Radar

Three CEO: Market consolidation will allow for better mobile infrastructure

Three UK and Ireland CEO Robert Finnegan has urged the government to adopt an open mind about market consolidation, arguing that the impact of coronavirus pandemic has demonstrated more than ever the need for a pro-investment climate. Finnegan has led Three Ireland since the division launched in 2005 and replaced Dave Dyson as UK chief executive in March. Under Finnegan’s tutelage, Three Ireland has expanded its overall market share from 1% to 36% while its share of the business market stands at 40%. This contrasts with the UK where it commands 10% of the overall market and a negligible slice of the business segment. ‘Dysfunctional market’? The decision to combine the chief executive roles was borne out of a desire to apply learnings between the two countries. Three hopes the rollout of 5G services and the launch of Three Business will expand its UK market share but a significant factor in Three Ireland’s growth was the merger with O2 Ireland in 2013 – a process overseen by Finnegan. Parent companies Hutchison and Telefonica also wanted to combine their UK businesses in 2016 but were blocked by the European Commission (EC) who raised fears that reduced competition would harm consumers. That ruling has now been successfully challenged, removing a potential barrier to a future tie-up. “When I look at the UK, I can see it’s an overcrowded market and I think that to some degree it’s dysfunctional,” argued Finnegan at the Connected Britain event. “You have a number of players that…Continue readingThree CEO: Market consolidation will allow for better mobile infrastructure

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The Verge

ProtonMail CEO says Apple forced him to add in-app purchases, compares it to ‘mafia extortion’

On Tuesday, Congress revealed whether it thinks Amazon, Apple, Facebook, and Google are sitting on monopolies. In some cases, the answer was yes. But also, one app developer revealed to Congress that it — just like WordPress — had been forced to monetize a largely free app. That developer testified that Apple had demanded in-app purchases (IAP), even though Apple had approved its app without them two years earlier — and that when the dev dared send an email to customers notifying them of the change, Apple threatened to remove the app and blocked all updates. That developer was ProtonMail, makers of an encrypted email app, and CEO Andy Yen had some fiery words for Apple in an interview with The Verge this week. We’ve known for months that WordPress and Hey weren’t alone in being strong-armed by the most valuable company in the world, ever since Stratechery’s Ben Thompson reported that 21 different app developers quietly told him they’d been pushed to retroactively add IAP in the wake of those two controversies. But until now, we hadn’t heard of many devs willing to publicly admit it. They were scared. And they’re still scared, says Yen. Even though Apple changed its rules on September 11th to exempt “free apps acting as a stand-alone companion to a paid web based tool” from the IAP requirement — Apple explicitly said email apps are exempt — ProtonMail still hasn’t removed its own in-app purchases because it fears retaliation from Apple, he says. “There’s…Continue readingProtonMail CEO says Apple forced him to add in-app purchases, compares it to ‘mafia extortion’

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VentureBeat

Nvidia CEO Jensen Huang compares the Omniverse and the metaverse

Nvidia announced yesterday it was launching an open beta for the Omniverse, a virtual environment the company describes as a “metaverse” for engineers. CEO Jensen Huang showed a demo of the Omniverse, where engineers can work on designs in a virtual environment, as part of the keynote talk at Nvidia’s GPU Technology Conference, a virtual event being held online this week. More than 30,000 people from around the world have signed up to participate. The Omniverse is a virtual tool that allows engineers to collaborate. It was inspired by the science fiction concept of the metaverse, the universe of virtual worlds that are all interconnected, like in novels such as Snow Crash and Ready Player One. I asked Huang whether Nvidia was interested in creating the consumer version of the metaverse, and what technology would be needed to create it. Huang said Nvidia’s view of the metaverse is threefold. He said that with the Omniverse, different companies will create a version of a virtual world that will be their “metaverse.” You can’t solo security COVID-19 game security report: Learn the latest attack trends in gaming. Access here Above: Nvidia’s Marbles at Night demo showcases complex physics and lighting in the Omniverse. Image Credit: Nvidia “Adobe is a world. Autodesk is a world. When someone is working on their content, they’re in their world,” Huang said. “These worlds are going to get richer and richer, as these worlds that you’re creating in [3D animation software] Maya start feeling like you’re in virtual reality. And so, your…Continue readingNvidia CEO Jensen Huang compares the Omniverse and the metaverse

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Engadget

NVIDIA CEO says RTX 3080 and 3090 supply shortage will last throughout 2020

“I believe that demand will outstrip all of our supply through the year. Remember, we’re also going into the double-whammy. The double-whammy is the holiday season. Even before the holiday season, we were doing incredibly well, and then you add on top of it the ‘Ampere factor,’ and then you add on top of that the ‘Ampere holiday factor,’ and we’re going to have a really really big Q4 season.” By “Ampere,” the CEO was of course talking about NVIDIA’s Ampere architecture. If you’ll recall, the RTX 3080 is the brand’s first Ampere GPU, promising significant performance improvements around real-time ray tracing. The $699 card’s launch caused quite a huge excitement, so much so that the company’s website crashed and the 3080 sold out almost as soon as it became available. NVIDIA had to apologize for not being prepared to deal with the “unprecedented” demand. The company apologized again before pre-orders for the RTX 3090 even started, knowing that it couldn’t keep up with the demand due to the limited supply it had on launch day. NVIDIA also delayed the $499 RTX 3070’s launch so it could stock up on the card before selling it and to prevent a repeat of the 3080 and 3090 ordering chaos. During the press conference, Huang clarified that the cards are having a demand issue, not a supply issue. The company promised in the past to work with its manufacturing partners to increase its supply in the coming weeks. He said: “The 3080 and…Continue readingNVIDIA CEO says RTX 3080 and 3090 supply shortage will last throughout 2020

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The Verge

Nvidia CEO anticipates supply shortages for the RTX 3080 and 3090 to last until 2021

If you are looking to get your hands on an Nvidia RTX 3080 or 3090 graphics card, you’re probably going to have to wait until 2021. Nvidia CEO Jensen Huang announced today that the company expects shortages for both graphics cards will continue to for the remainder of the year, Tom’s Hardware and Wccftech reports. During a Q&A with press to cover its GTC announcements, Huang responded to the continuous shortages for both graphics cards. “I believe that demand will outstrip all of our supply through the year,” Huang said. “Even if we knew about all the demand, I don’t think it’s possible to have ramped that fast” The RTX 3080 and 3090 had extremely rough launches, with both cards selling out within minutes of preorders going live, but Huang says the issue is not with supply but rather the demand of both GPUs. “Even if we knew about all the demand, I don’t think it’s possible to have ramped that fast,” Huang said. “We’re ramping really really hard. Yields are great, the product’s shipping fantastically, it’s just getting sold out instantly.” Nvidia has apologized for the launch of the RTX 3080 and the limited supply of the cards. Nvidia has one more card in the RTX 3000 series it plans to launch this year: the $499 RTX 3070. Nvidia pushed the release date to October 29th in the hopes that the company can work with retailers to get the cards to more customers on launch day. But if it…Continue readingNvidia CEO anticipates supply shortages for the RTX 3080 and 3090 to last until 2021

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The Next Web

‘Jack Dorsey slams Coinbase CEO for overlooking its users’ societal issues’

Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Bentham used to say: Prepare to open the imaginary money chest… Bitcoin price We closed the day, September 30 2020, at a price of $10,787. That’s a minor 0.53 percent decline in 24 hours, or -$57.78. It was the lowest closing price in one day. We’re still 46 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017). Bitcoin market cap Bitcoin‘s market cap ended the day at $199,620,143,649. It now commands 58 percent of the total crypto market. Bitcoin volume Yesterday’s volume of $20,759,622,010 was the highest in one day, 9 percent below last year’s average, and 72 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 341 tons of gold. Bitcoin transactions A total of 351,261 transactions were conducted yesterday, which is 10 percent above last year’s average and 22 percent below last year’s high. Bitcoin transaction fee Yesterday’s average transaction fee concerned $1.63. That’s $2.28 below last year’s high of $3.91. Bitcoin distribution by address As of now, there are 17,854 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin. Furthermore, the top 10 Bitcoin addresses house 4.8 percent of the total supply, the top 100 14.2 percent, and the top 1000 34.9 percent. Company with a market cap closest to Bitcoin…Continue reading‘Jack Dorsey slams Coinbase CEO for overlooking its users’ societal issues’

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The Next Web

TerraCycle CEO Tom Szaky on why ‘caring’ about recycling isn’t enough

Tom Szaky will be speaking at our online event, TNW 2020 about the impact COVID-19 has had on waste management and recycling. To find out more about his talk and the other speakers you can see with your (free) ticket, check out our tracks here. Waste is an omnipresent problem — something that simultaneously impacts our environment, global economy, and personal lives. Given that plastic waste alone is projected to be as high as 53 billion pounds a year by 2030, we cannot ignore it. According to TerraCycle CEO Tom Szaky, the problem isn’t that we’re ignoring, it the problem is that it’s physically difficult for the individual to do anything about it. Szaky says waste has always been a problem, but public awareness really went up in the 21st century, as the rise of internet interest in things such as the impact of waste and ocean plastics moved it from a problem to a crisis. As Szaky says, there’s no “good consumption,” and we all know much more about the issue than we used to. But as much as we might want to partake of the recycle/reduce/reuse solution, the shortcomings aren’t necessarily on us. Says Szaky, “We all agree that it’s the issue, and we all have to work, but what do we do to actually make it a reality?” Despite social awareness and the efforts on the part of passionate citizens, not enough waste is being recycled — “It’s actually been declining as an industry… and of course it’s with…Continue readingTerraCycle CEO Tom Szaky on why ‘caring’ about recycling isn’t enough

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The Next Web

Nextdoor’s CEO proves how kindness makes business sense

Sarah Friar will be joining our flagship online event, TNW2020, to talk about how the power of kindness can work as a foundation for business. Secure your free ticket here and join us October 1 & 2. The world of business is often denoted as cut-throat, competitive, and ruthless. And while this may of course be true, there’s also room for kindness — that’s at least what Sarah Friar, the CEO of Nextdoor, believes. A seasoned CEO — she was previously at Square and Salesforce — Friar is a great believer that profit and kindness aren’t mutually exclusive. In fact, she’s known for offering actionable insights on how monetization can be driven by responsibility and purpose. Nextdoor is a hyperlocal social networking service for neighborhoods that seeks to bring people and local businesses together. It monetizes by offering brands, local businesses, and public authorities and governments the opportunity to advertise on its platform so long as they are relevant to each community. In other words, the message needs to add value to Nextdoor’s members and the platform has a responsibility to ensure its advertisers are vetted to meet these criteria. “You’ve got to walk the talk, there’s actually no other way to do it. You have to be authentic and genuine,” Friar adds. Friar really is best placed to chat about how advertising can be used for good (yes, you’ve read that right!) to empower local communities and individuals while also generating revenue — and I look forward to digging deeper…Continue readingNextdoor’s CEO proves how kindness makes business sense

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TechCrunch

Nikola chairman, VectoIQ CEO Steve Girsky eyes his next transportation investment – TechCrunch

Steve Girsky, the former GM vice chairman, consultant and investor whose special purpose acquisition company (SPAC) merged with hydrogen electric startup Nikola this summer, is in talks to back self-driving trucks startup TuSimple, according to four people familiar with the deal. The capital would come from Girsky’s VectoIQ LLC, a consulting and investment company he runs with managing partner Mary Chan, and would be part of a consortium of investors, according to one unnamed source who requested anonymity because the deal had yet to be finalized. The deal could close as early as mid-October. TuSimple as well as Girsky declined to comment. It’s no secret that TuSimple has been seeking new capital. TechCrunch reported in June that TuSimple was in search of $250 million in fresh capital from investors. The company hired investment bank Morgan Stanley to help it raise funds, according to multiple sources familiar with the effort. Since then, TuSimple, which already has backing from Sina, UPS and Tier 1 supplier Mando Corp., has announced a partnership with Navistar and most recently, the Traton Group. Girsky has most recently captured headlines because of Nikola, where he is now the executive chairman. Girsky took over as chairman in September after Nikola’s founder, Trevor Milton, stepped down following fallout from a scathing report by short-seller firm Hindenburg Research that accused the company of fraud. VectoIQ Acquisition Corp., the SPAC that Girsky formed in 2018, announced a merger with Nikola in March, and Girsky oversaw its public listing this past June. He…Continue readingNikola chairman, VectoIQ CEO Steve Girsky eyes his next transportation investment – TechCrunch

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TechCrunch

Mark Cuban, Marc Benioff, Robert Downey Jr., Gwyneth Paltrow, and Uber CEO Dara Khosrowshahi are investing in toilet paper – TechCrunch

A slew of big name entrepreneurs and celebrities are really circling the drain with their latest investment. Led by Greycroft Partners, a who’s who of celebrity investors including: Mark Cuban, Marc Benioff, Iron Man and Pepper Potts (er… Robert Downey Jr. and Gwyneth Paltrow), Uber’s chief executive Dara Khosrowshahi, Seattle Seahawks quarterback Russell Wilson, Ashton Kutcher and Guy Oseary’s Sound Ventures, and  Code.org founder Hadi Partovi are investing $3 million into the new toilet paper brand Cloud Paper. (Grammy Award-winning singer/songwriter Ciara, serial-entrepreneur Grant Ries, Muse Capital, Ashley and Marc Merrill and The Chainsmokers’ Mantis Ventures are also backing the company) Why? Because they’re hoping to save the environment. Founded by Ryan Fritsch and Austin Watkins, two former employees of Khosrowshahi’s at Uber who went on to take roles at the logistics startup Convoy, Cloud Paper is one of several companies trying to get consumers to make the switch to bamboo-based toilet paper. But it may be the only one to get such high profile investors to flush it with wads of cash. A year-and-a-half in the making, Cloud Paper began when the two colleagues started talking about launching their own business, but one that could have an immediate impact on the climate crisis they saw as the most pressing societal issue. Image Credit: Cloud Paper They settled on toilet paper because of its massive contribution to deforestation, a key contributing factor to climate change. According to statistics provided by the company 15% of deforestation is due to toilet paper…Continue readingMark Cuban, Marc Benioff, Robert Downey Jr., Gwyneth Paltrow, and Uber CEO Dara Khosrowshahi are investing in toilet paper – TechCrunch