Bloomberg: Samsung’s chip biz is still its top earner in Q1 2018

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Samsung took over Intel's throne as the biggest chipmaker by revenue in the last quarter of 2017, and it isn't showing any signs of slowing down. The Korean conglomerate has released its earnings guidance for Q1 2018, and while the figures include Ga…
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Apple’s iPhone-Powered Virtual Reality Headset Is Still in the Works

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Apple is continuing to work on a virtual reality headset that would be powered by an iPhone, if a recent continuation patent is any indication. The continuation patent, which was published today by the U.S. Patent and Trademark Office, doubles-down on the idea of a headset accessory that would use an inserted iPhone as its […]
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Apple says the modular Mac Pro won’t arrive until 2019, but it’s still listening

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A little under a year ago, Apple tried to assuage everyone’s fears that it had given up on the Mac Pro for good. At the time, it said the device wouldn’t arrive until 2018 at the earliest, and gave us the beastly iMac Pro to whet our appetites in the meantime. Now the company has made it clear we won’t get our hands on the top-of-the-line, modular Mac Pro until 2019. The company recently invited TechCrunch back to its campus to discuss the new Mac Pro, and Apple’s strategy for creating the new device. The entire piece is worth a read if you’re…

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Valve is ‘still working hard’ on Steam OS, Linux gaming

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A few days ago Valve reworked the main navigation bar in its Steam Store and removed a direct link to buy Steam Machines, the Linux-based boxes it hailed as an open alternative to macOS or Windows PC gaming. Combined with a lack of recent announcemen…
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500 Startups, still recovering from scandal, is giving some control to an Abu Dhabi investment firm

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500 Startups CEO Christine Tsai

It’s the VC firm’s most meaningful governance change since its CEO resigned from the role last year.

The accelerator program 500 Startups was roiled by drama last year after the ouster of its CEO, Dave McClure, under allegations of sexual harassment.

Now 500 Startups is making its most meaningful governance change since McClure resigned from the role last year. In an unusual deal, the firm said it would sell some equity in its parent company, called Mothership, to the Abu Dhabi Financial Group, which will now help manage 500 Startups operations alongside McClure’s successor, Christine Tsai.

Deal terms weren’t disclosed beyond the investment being “significant.” Another sign that it’s not small: ADFG is taking one of the two seats on the board — this is the first time 500 Startups is accepting outside capital into its parent company, it said.

500 Startups does, of course, have investors — or limited partners — in the individual funds that it runs. Those limited partners essentially “buy” an ownership stake in a fund. This is a rare instance in which a limited partner is “buying” a stake in the fund’s parent company, which in this case includes not just the individual funds but also non-deal programming like strategic partnerships and investor education courses.

500 is not a typical venture capital firm. It has a staff of about 100, far bigger than most VC firms, in part to oversee its expansive network of “micro-funds” that invest in specific regions.

ADFG is the latest big-money foreign investor to try and increase its footprint in Silicon Valley startups. Sovereign wealth funds like Abu Dhabi’s Mubadala and Singapore’s Temasek have recently opened offices in San Francisco to help their countries gain better access to young private companies. ADFG hasn’t done as many U.S. tech deals, but has more than $ 6 billion under management.

ADFG is now expected to serve as a large investor in future 500 Startups funds — which should make the eight-year-old accelerator more durable. The accelerator has long thought about taking on cash from an outside investor into its parent company, Tsai told Recode, in order to more aggressively scale its programming.

Tsai said the decision to take on ADFG’s investment was unrelated to the fallout from McClure’s ouster. She said she had been speaking with strategic investors like ADFG about a deal since before the sexual harassment scandal hit the headlines. And she claimed that limited partners remained excited about 500 Startups, and that the deal was not motivated by a need for replacement cash.

“It’s not something that’s a reaction to Dave per se or anything like that,” Tsai said. “We’ve had a lot of support from our LPs.”

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Donald Trump Is Still Going in on Jeff Bezos and Amazon, Still Getting Basic Facts Laughably Incorrect

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If you’re the kind of person who gets up in the morning wondering what kind of mischief the American President got up to on Twitter while you were sleeping, first, seek help. Also, congrats, you got a fresh batch of Rage at Amazon Dot Com again, today.

The (apparently one-sided) Trump-Bezos Feud has been going on for years, but continues to heat up as Donald Trump…continues to live in the White House.

Refresher: Axios reported the most recent rumblings of Trump’s obsession with (and resentment of) the company. Several people privy to the matter noted that POTUS was interested in going after the company wielding anti-trust laws.

But it wasn’t clear whether this was because of some of Amazon’s actual practices, or perhaps because Jeff Bezos, the Amazon CEO, also happens to own the Washington Post. And as usual, there’s no better way to gain insight into the President’s mindset (and foreign policy decisions, and White House hiring) than Twitter:

The ire that some heads of state reserve for terrorists or enemies of the state is now being allotted by Trump to Bezos and his world-dominating corporate powerhouse.

In classic Trump fashion, the facts aren’t exactly on his side. Amazon’s been paying taxes in California since 2012, and charged customers in all other states, according to the New York Times. And instead of taking advantage of the U.S. Postal Service, Amazon’s actually one of the few reasons the embattled agency is still around, the Wall Street Journal reports.

That’s not to say Amazon doesn’t have its problems. Its warehouse employees are systematically stressed and overworked. And that goes without mentioning that whole worker-tracking wristband thing. Among other things. So far, the only fallout from Trump’s Tweets is Amazon’s stock taking a dip in the past few days. It’s anyone’s guess as to whether those drops will affect the company in the long term (or if this is all Trump wants to accomplish with his bluster).

Not that it matters. Trump’s going to keep doing his thing, to whatever aim he has (or whatever has his attention-deficit-addled Eye of Sauron at any given moment). In other words: Just another Friday in 2018.

The post Donald Trump Is Still Going in on Jeff Bezos and Amazon, Still Getting Basic Facts Laughably Incorrect appeared first on Futurism.

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Huawei still committed to US market, calls government suspicion ‘groundless’

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Huawei hasn’t given up on the US market despite facing difficulties, CEO Richard Yu told CNET in an email. Chinese smartphone makers have had a rough go in the States in recent months, with US intelligence agencies cautioning consumers against purchasing electronics from firms like Huawei and Xiaomi.

The firm plans to continue operations in the United States. “We are committed to the US market and to earning the trust of US consumers by staying focused on delivering world-class products and innovation,” Yu told CNET.

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Huawei still committed to US market, calls government suspicion ‘groundless’ was written by the awesome team at Android Police.

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Huawei CEO says the company is still committed to the US market despite “groundless suspicions”

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Huawei has recently come under fire in the US, where government agencies left and right are advising people and companies not to purchase its products. The CIA, FBI, and NSA are concerned that Huawei devices are used to spy on Americans. As you’d expect, Huawei’s consumer products CEO doesn’t think too highly of such assessments. Richard Yu told CNET that “the security risk concerns are based on groundless suspicions and are quite frankly unfair”. “We welcome an open and transparent discussion if it is based on facts”, he continued. Huawei P20 Despite the fact that the government…

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Huawei says it’s still committed to the U.S., in spite of, well, everything

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A funny thing happened the last couple of times I was briefed on a Huawei flagship product: news was breaking about some major roadblock for the company’s U.S. distribution plans. First it was AT&T backing out in the midst of CES and then it was Best Buy’s decision to drop the company just ahead of the big P20 launch (though a rep for the company told me the States were never part of its plans for that handset). 

It’s been one thing after another as the Chinese hardware maker has worked to establish a meaningful presence here in the States. In spite of all of this fallout from government pushback, however, the company insists that it’s not going anywhere.

In an email to CNET, the company’s consumer CEO reaffirmed that commitment. “We are committed to the U.S. market and to earning the trust of U.S. consumers by staying focused on delivering world-class products and innovation,” Yu writes. “We would never compromise that trust.”

The sentiment echoes statements Yu made on-stage at CES in the wake of the AT&T deal implosion — albeit much more measured this time around. Most of Yu’s followup reinforced his earlier assertions that, in spite of multiple warning from various US security departments, this whole thing is blow entirely out of proportion.

“The security risk concerns are based on groundless suspicions and are quite frankly unfair,” Yu adds. ”We welcome an open and transparent discussion if it is based on facts.”

Even if the company’s intentions are as stated, Huawei’s got an epic uphill climb if it’s going to make any sort of dent in the world’s third-largest mobile market. The company’s carrier play is non-existent in a country where most phones are purchased through telecoms. And abandonment by the biggest big box store in the States was insult to injury.

And if the company does manage to reverse those trends, it will still be a hard sell for U.S. consumers after several warnings from the country’s defense departments. 

Mobile – TechCrunch

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Study: Most YouTube influencers still don’t disclose sponsored deals

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It's been almost a year since the FTC warned social media influencers that they should "clearly and conspicuously [disclose]" if they're being paid for a post or video. But according to a new Princeton University research, most YouTube and Pinterest…
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