Specializing in Computer Repair, Networking, Internet Solutions, Web Designing, Hybrid App Designing and Windows Operating systems.
Microsoft Security:
Microsoft details the Solorigate DLL file that was used to install a backdoor in SolarWinds Orion and reveals it discovered additional malware affecting Orion — - Microsoft 365 Defender Research Team — Microsoft Threat Intelligence Center (MSTIC) — We, along with the security industry …
Ilya Khrennikov / Bloomberg:
JetBrains, maker of the language Kotlin, which never raised any VC funding is now valued at an estimated $7B, and says it will have $200M in revenue this year — - Google picked JetBrains for key coding language for Android — Founders shunned VCs, bootstrapped to billion-dollar fortunes
Katie Bo Williams / Defense One:
WH officials propose ending the “dual-hat” leadership arrangement of NSA and Cyber Command, renewing debate over splitting up the agencies amid recent attacks — An end to the “dual hat” arrangement has been debated for years — but the timing raises questions.
Welcome back to Mixtape, the TechCrunch podcast that looks at the human element that powers technology.
For this episode we spoke with Meredith Whittaker, co-founder of the AI Now Institute and Minderoo Research Professor at NYU; Mara Mills, associate professor of Media, Culture and Communication at NYU and co-director of the NYU Center for Disability Studies; and Sara Hendren, professor at Olin College of Engineering and author of the recently published What Can a Body Do: How We Meet the Built World.
It was a wide-ranging discussion about artificial intelligence and disability. Hendren kicked us off by exploring the distinction between the medical and social models of disability:
So in a medical model of disability, as articulated in disability studies, the idea is just that disability is a kind of condition or an impairment or something that’s going on with your body that takes it out of the normative average state of the body says something in your sensory makeup or mobility or whatever is impaired, and therefore, the disability kind of lives on the body itself. But in a social model of disability, it’s just an invitation to widen the aperture a little bit and include, not just the body itself and what it what it does or doesn’t do biologically. But also the interaction between that body and the normative shapes of the world.
When it comes to technology, Mills says, some companies work squarely in the realm of the medical model with the goal being a total cure rather than just accommodation, while other companies or technologies – and even inventors – will work more in the social model with the goal of transforming the world and create an accommodation. But despite this, she says, they still tend to have “fundamentally normative or mainstream ideas of function and participation rather than disability forward ideas.”
“The question with AI, and also just with old mechanical things like Brailers I would say, would be are we aiming to perceive the world in different ways, in blind ways, in minoritarian ways? Or is the goal of the technology, even if it’s about making a social, infrastructural change still about something standard or normative or seemingly typical? And that’s — there are very few technologies, probably for financial reasons, that are really going for the disability forward design.”
As Whittaker notes, AI by its nature is fundamentally normative.
“It draws conclusions from large sets of data, and that’s the world it sees, right? And it looks at what’s most average in this data and what’s an outlier. So it’s something that is consistently replicating these norms, right? If it’s trained on the data, and then it gets an impression from the world that doesn’t match the data it’s already seen, that impression is going to be an outlier. It won’t recognize that it won’t know how to treat that. Right. And there are a lot of complexities here. But I think, I think that’s something we have to keep in mind as sort of a nucleus of this technology, when we talk about its potential applications in and out of these sorts of capitalist incentives, like what is it capable of doing? What does it do? What does it act like? And can we think about it, you know, ever possibly in company encompassing the multifarious, you know, huge amounts of ways that disability manifests or doesn’t manifest.”
We talked about this and much much more on the latest episode of Mixtape, so you click play above and dig right in. And then subscribe wherever you listen to podcasts.
Twitter is shutting down Periscope, the video app it acquired several years ago when Facebook Live threatened to lap the field. When we stream the Gillmor Gang sessions, we send them to Facebook, Twitter, and an unlisted embed on YouTube. At one point, we planned to stream the sessions live on TechCrunch, but for now we’re posting the edited version there.
In the weeks leading up to January 20th, the live Telegram feed at https://ift.tt/3mvK2fr has been dominated by the Trump focus on overturning the election results. Each failed attempt to alter the outcome dilutes Trump’s leverage as his Republican allies struggle with his threats and Twitter rage. In just a few weeks of this, the mechanics of vaccine distribution has overwhelmed the political story as people start calculating the number of days to getting access to the medicine. What Trump does in 2024? Who cares.
Pardons are also losing traction as White House staff jockey for access to the vaccine. With a couple of weeks to the New Year and then a sprint to Biden’s installation, the cable networks are retooling for ratings fodder in the new normal. Tech companies are rejiggering their real estate and tax implications of where the home office is located in a Work from Anywhere environment.
Handicapping the Georgia special elections will fill most of the cable news schedule until January 6th, but no matter what happens in the Senate, the real action shifts to corporate and economic imperatives to control the pandemic through behavior around masks, distancing, real testing, and contact tracing to isolate the pockets of virus resistance to herd immunity. While government mandates are difficult to install at a national level, corporate requirements are more likely to succeed.
Week two of the streaming realignment features some talent lashback from big movie directors. It’s reminiscent of last year’s brief Spielberg attack on Netflix and Oscar politics. This year it’s the Oscars that are losing credibility. It’s still a ways to go before the Best Picture category is all streaming but the audience out there is in no hurry to see Dune on the big screen. As with the election, facts are a trailing indicator. The move to streaming is not if but when.
Less certain is when I upgrade to the next iPhone. Part of the problem is the competition for mindshare with the M1 MacBooks. Instead of one device I don’t need there are two. It’s clearly a one percent mental crisis on the surface, but beneath lurks a serious debate on what we do as the twin viruses recede. The phone is the new MTV, the Star Trek communicator, and the Get SmartShoe rolled into one. The laptop is a different story, a bold harmonizing of the suite of services across the desktop and mobile platforms.
The new phone offers iterative advances — a better camera, 5G support, a bigger battery. M1 jumpstarts a software surge across all Apple devices, pushing professional video editing and post-production tools to a prosumer customer base that seriously threatens Windows and Intel as the dominant platform for a post pandemic economy. Those still amortizing the last generation of the MacBook Pro 16 will hold out, but resistance will fade. The move to Apple Silicon is not if but when.
Still I don’t have a rationale for buying one. I’ll just have to do it anyway.
By the way, I’ll pretend to fund the M1 by cutting back on my newsletter subscriptions. Smart writers like the Ben’s Stratechery and Evans are caught behind the paywall of their shiny new newsletters, which trade reach for revenue. Then the very special long form pieces they used to justify the subscription cost start showing up a few weeks later in the clear. It’s the newsletter version of the Hollywood windowing system that Jason Kilar and WarnerMedia are blowing up with HBO Max.
This piece by Ben Thompson is a hybrid of the form. It’s got plenty of quotes from his Daily pay newsletter mixed with a less methodical but more supple set of semi-ideas that actually make me want to subscribe. Like this:
On the flipside, to the extent that v2 social networking allows people to be themselves in all the different ways they wish to be, the more likely it is they become close to people who see other parts of the world in ways that differ from their own. Critically, though, unlike Facebook or Twitter, that exposure happens in an environment of trust that encourages understanding, not posturing.
This is M1 fodder, I’ll call it. Lost in the social network lockdown miasma but somehow potentially transcendent of the big fish in a small pond quandary where the newsletter eco system derails. 10 bucks a month times 3 or 4 adds up to real money I won’t be funneling to Cupertino, or Disney + or Whatever + for that matter. But a bundle of cooperating newsletters that promote a certain type of work that aggregates useful data about a strategic influential audience — you betcha.
from the Gillmor Gang Newsletter
__________________
The Gillmor Gang — Frank Radice, Michael Markman, Keith Teare, Denis Pombriant, Brent Leary, and Steve Gillmor. Recorded live Friday, December 11, 2020.
Produced and directed by Tina Chase Gillmor @tinagillmor
@fradice, @mickeleh, @denispombriant, @kteare, @brentleary, @stevegillmor, @gillmorgang
Subscribe to the Gillmor Gang Newsletter and join the backchannel here on Telegram.
The Gillmor Gang on Facebook … and here’s our sister show G3 on Facebook.
Lily Hay Newman / Wired:
Experts say the SolarWinds hack shows that the US still has no good answers to combat “supply chain” attacks, which are “ridiculously difficult” to detect — Despite years of warning, the US still has no good answer for the sort of “supply chain” attack that let Russia run wild.
Jon Brodkin / Ars Technica:
A new US law that goes into effect on December 20 will require ISPs to stop charging “rental” fees for equipment, such as routers, that customers own themselves — New law also targets hidden cable-TV fees and lets users cancel without penalty.
Sankalp Phartiyal / Reuters:
Apple puts manufacturing partner Wistron on probation, after an audit found violations of Apple's Supplier Code of Conduct at Wistron's Bengaluru plant — NEW DELHI/BENGALURU (Reuters) - Apple Inc has placed supplier Wistron Corp on probation, saying on Saturday it would not award …
Ellen Nakashima / Washington Post:
Mike Pompeo says Russia is “pretty clearly” behind the SolarWinds hacking campaign, the first Trump administration official to publicly blame the country — Russia is behind the massive, ongoing cyber spy campaign against the federal government and private sector …
Will Page / Billboard:
Music streaming may have plateaued with an average of 17.5B streams a week for the past four months, while consumption of games, TikTok, and podcasts increase — Has streaming volume really peaked in the U.S., or is the current stalled growth a blip? — Music streaming services have continued …
Apple has placed its contract manufacturing partner Wistron on probation and won’t give the Taiwanese firm any new business until it took “complete corrective actions” following lapses at its southern India plant.
The iPhone maker said on Saturday that its employees and independent auditors hired by the company to investigate the issues at Wistron’s Narasapura facility found that Apple’s ‘Supplier Code of Conduct’ was violated at the facility and Wistron failed to implement proper working hour management processes. This led to “payment delays for some workers in October and November,” Apple said, citing preliminary findings.
“As always, our focus is on making sure everyone in our supply chain is protected and treated with dignity and respect. We are very disappointed and taking immediate steps to address these issues. Wistron has taken disciplinary action and is restructuring their recruitment and payroll teams in Narasapura,” Apple said in a statement. “Apple employees, along with independent auditors, will monitor their progress.”
Thousands of workers rioted over unpaid salaries — of about $200 a month — on December 12 at Wistron’s Narasapura facility — situated about 50 kilometres outside of the tech hub Bangalore — destroying property, iPhones, and factory equipments. Wistron, a key manufacturing partner for Apple in India, has this year more than quadrupled workers and ramped up its production capacity in the South Asian nation.
In a statement earlier today, Wistron acknowledged that some workers at its plant had not been paid properly. It also announced it was removing a top executive who oversaw Taiwanese firm’s India business. “Some of the processes we put in place to manage labor agencies and payments need to be strengthened and upgraded,” it said.
More to follow…
It’s probably no wonder that when Founders Fund was still a very young venture firm 13 years ago, it brought aboard as its first principal Justin Fishner-Wolfson. Having nabbed two computer science degrees from Stanford and spent two years as CEO of an organization that provides asset management services to the school’s student organizations, Fishner-Wolfson wasn’t shy about voicing his opinions at the venture fund. In fact, he says Founders Fund made a much bigger bet on SpaceX than it originally planned because he pushed for it.
He stayed three years before spying what he thought was an even better opportunity, owing to friends who worked at Facebook before the company’s 2012 IPO. They were beginning to look for ways to liquidate their shares, and while they had options, to his mind, they weren’t great. More, Fishner-Wolfson says he foresaw more companies like Facebook staying private longer. He said goodbye to Founders Fund and formed 137 Ventures to acquire secondary shares from founders, investors, and employees.
That was 10 years ago, and the firm seems to be doing just fine for itself. Last year, it closed its fourth fund with $210 million in capital commitments, bringing its assets under management to more than $1 billion. Its approach of focusing on roughly 10 to 12 companies per fund appears to be paying off, too. Since late September, it has seen three of its portfolio companies — Palantir, Airbnb, and Wish — hit the public market.
We talked at length with Fishner-Wolfson this week to learn more about how 137 Ventures works, from how it screens companies, to the impact it has seen from companies that are giving their employees longer windows in which to keep their vested stock options. (“It has certainly stopped the desperate calls from people who have huge amounts of equity that’s about to expire, which, I’m totally happy to not get those phone calls, because I feel terrible for people who are in that sort of situation,” he said.) We also talked about that early deal in SpaceX, which also appears in 137 Ventures’s portfolio.
You can listen to that longer conversation here. In the meantime, we’re pulling out part of our conversation that centered on Wish, the discount e-commerce company whose IPO this week has been called a dud.
TC: Two of your portfolio companies have done very well as they’ve entered the public market — Palantir and Airbnb. Wish was a different story, dropping in its debut. What do you make of its IPO? Do you think investors misunderstand this company?
JFW: I think it takes the investment community a long time to understand any newly public company. At the end of the day, the IPO is just one day, right? What really matters is how companies perform over the next 10 or 20 years.
I would look at Microsoft or Amazon or more recently, Facebook, whose [share price] dropped 50% in the week or two following its offering and Facebook has gone on to be an incredible business. I have no idea what the market is going to do tomorrow [or] the day after. But over a decade, if you can really build a great sustainable business that compounds, it all comes out in the wash.
Wish has done an incredible job of scaling the business. I think [cofounder and CEO] Peter [Szulczewski] is one of the best operators I’ve met in this industry. And they’ve done a lot of innovative things in terms of mobile. There’s a lot more discovery on the Wish platform. The whole in-store pickup has been really innovative; they’re helping consumers get products quickly in an asset-light kind of way where you don’t need to buy millions and millions of square feet of warehouses.
TC: You’re talking about these partnerships that Wish starting striking with mom-and-pop shops in the U.S. and Europe, where those who have extra storage space will now take receipt of Wish goods, which in turn gives them a little bit more foot traffic when people come in to pick up their items. That’s a big shift from how Wish used to operate, which was by shipping things very cheaply from China through a USPS deal whose economics have since changed. Is that right?
JFW: Right. They’re helping small and medium-size businesses drive foot traffic, which was always valuable but in the current environment, going to become even more important to these sorts of businesses. They’re [also] helping those businesses leverage the data they have across their entire platform because Wish understands what consumers in that geography are looking for, and they can help those businesses merchandise better. And then, because they’re shipping product to one location, they’re aggregating orders from a whole bunch of people who don’t know each other, and that reduces logistics and shipping time and costs. So they send that stuff in, and it’s easier for the consumer to walk or drive five to 15 minutes, and go pick it up. That allows Wish to focus on the value-conscious consumer who is willing to trade a little bit of time for a much better price on things.
TC: Wish is known as a place to get tchotchkes from China. Now that it’s trying to sell more mainstream goods, how does it go about changing the perception that it has in the marketplace?
JFW: I’m not sure they need to do a whole lot to change that perception, because I still think they haven’t penetrated the market as a whole. There are lots of people who don’t even know about them quite frankly. And as [I’ve] watched the marketplace evolve, you’ve just seen more and more merchants, and more and more data back from customers about both the merchants and the quality of the merchandise, and all those things feed back into this very powerful system, where they can leverage the data to improve product quality and make sure that they’re selling what people want.
TC: Do you think uneven quality explains the company’s uneven revenue? It grew something like 57% in 2018, then 10% in 2019, and picked up again in the first nine months of this year. Why do you think it’s been topsy turvy?
JFW: All businesses go through these cycles of growth, and then focusing on efficiency. If you just focus on growth, you tend to grow, and then break things, and then do things in relatively inefficient ways. And then ultimately, you need to turn around and focus on how you drive operational efficiencies. So I think the cycles that you’re describing, if you look at the underlying metrics, you [see] improvement in operating efficiency.
TC: Wish’s shares did not “pop.” On the other hand, former Snap executive Imran Khan told CNBC on Tuesday that the recent post IPO stock pops, including those of Airbnb and Doordash, represent an “epic level of incompetency” from the bankers who underwrote the stocks. Do you believe it was incompetency on the part of the bankers or just market volatility that caused those stocks to pop as high as they did?
JFW: I think no one actually knows the answer to that question. I think it makes for a good sound bite. At the end of the day, I don’t think the price on the first day is a meaningful indicator of anything.
TC: Are the feverish embrace of these companies driving prices up in the secondary market? What are you seeing?
It really does matter what the public prices are [because] that ultimately trickles into the private markets and also vice versa. At some point, things can’t have massive differences in value between their private market valuations and their public market valuations. So you definitely see multiples shift as the market shifts. But these things are often averages. People focus on one company or one example of these things without necessarily looking at all the companies because that would be quite difficult.
But there are always examples of things that are overpriced. There are also examples of things that are under priced. As an investor, you want to try to invest more of your money in the good companies that are on the lower end of that spectrum, certainly. But the focus is always on good companies. If you can find companies that are going to compound over long periods of time, as long as you’re not too crazy on multiples or valuations, you end up being in a good spot.
TC: Who are you tracking right now? What’s an investment that’s not up on your website yet?
JFW: Snapdocs [a company that helps real estate professionals to digitally manage the mortgage process and other paperwork and which just closed on $60 million in funding in October].
Aaron [King], who is the founder and CEO of the company, has done really a fantastic job of building a product that that people are willing to adopt, and this is the right moment in time for that growth to really accelerate. They’ve been having a good year.
Pictured above: The 137 Ventures’ team, with Wolfson center (in glasses).
