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Tag Archives: china

OpenStack in transition

OpenStack is one of the most important and complex open-source projects you’ve never heard of. It’s a set of tools that allows large enterprises ranging from Comcast and PayPal to stock exchanges and telecom providers to run their own AWS-like cloud services inside their data centers. Only a few years ago, there was a lot of hype around OpenStack as the project went through the usual hype cycle . Now, we’re talking about a stable project that many of the most valuable companies on earth rely on. But this also means the ecosystem around it — and the foundation that shepherds it — is now trying to transition to this next phase. The OpenStack project was founded by Rackspace and NASA in 2010. Two years later, the growing project moved into the OpenStack Foundation, a nonprofit group that set out to promote the project and help manage the community. When it was founded, OpenStack still had a few competitors, like CloudStack and Eucalyptus. OpenStack, thanks to the backing of major companies and its fast-growing community, quickly became the only game in town, though. With that, community events like the OpenStack Summit started to draw thousands of developers, and with each of its semi-annual releases, the number of contributors to the project has increased. Now, that growth in contributors has slowed and, as evidenced by the attendance at this week’s Summit in Vancouver. In the early days, there were also plenty of startups in the ecosystem — and the VC money followed them, together with some of the most lavish conference parties (or “bullshit,” as Canonical founder Mark Shuttleworth called it ) that I have experienced. The OpenStack market didn’t materialize quite as fast as many had hoped, though, so some of the early players went out of business , some shut down their OpenStack units and others sold to the remaining players. Today, only a few of the early players remain standing, and the top players are now the likes of Red Hat , Canonical and Rackspace. And to complicate matters, all of this is happening in the shadow of the Cloud Native Computing Foundation (CNCF) and the Kubernetes project it manages being in the early stages of the hype cycle.

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The national security implications of Chinese venture capitalists are overblown

Washington — as Washington does — is barreling towards a new reform plan designed to protect American innovation from overseas investors (which should really just be read as the Chinese these days). Earlier this week , congressional committees passed a measure designed to strengthen CFIUS, the Committee on Foreign Investment in the U.S., which we have written extensively about on TechCrunch . The bill would expand the powers of the committee to review transactions in more contexts, beyond its current mandate of looking only at changes in controlling interests. Washington — as Washington does — has turned the debate, which was once deeply technical about the machinations of a mostly unknown government agency created during the Korean War, into a histrionic fight about the future of American innovation. Along the way, this classic DC dramatization threatens to rollback the robust market of Chinese venture capital flowing to Silicon Valley startups. Limiting those flows of dollars to U.S.-based companies would be a tremendous mistake. Silicon Valley is the strongest innovation region in the world, and in no small part because of the robust venture capital dollars that fund risky startups to go big. While rules should be enacted to protect American intellectual property, Silicon Valley should be left alone to handle these problems in a more market-centric way. Unfortunately, the histrionics of DC are already pushing this reform bill too far. To see this in action, let’s look at this in-depth Politico article that has been making the rounds on Capitol Hill this week. It’s title, “How China acquires ‘the crown jewels’ of US technology” already gets at its conclusion, but it is the section on venture capital that left me stupefied

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Sources: Middle Eastern ride hailing company Careem is in talks to raise $500M ahead of possible IPO that could value the company at up to $1.5B…

Bloomberg : Sources: Middle Eastern ride hailing company Careem is in talks to raise $500M ahead of possible IPO that could value the company at up to $1.5B   —  Careem Networks FZ, which competes with Uber Technologies Inc. in the Middle East, is in talks with investors to raise $500 million, according to people familiar with the matter.

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Internal email from Uber executive Eric Meyhofer says it has decided to wind down self-driving tests in Arizona, following pedestrian death (Timothy…

Timothy B. Lee / Ars Technica : Internal email from Uber executive Eric Meyhofer says it has decided to wind down self-driving tests in Arizona, following pedestrian death   —  “We intend to drive in a much more limited way,” Uber executive writes.  —  Uber is shutting down testing of self-driving cars in Arizona …

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Twitter will start adding labels to US Congressional candidates’ profiles on May 30, ahead of the November midterm elections (Sara Fischer/Axios)

Sara Fischer / Axios : Twitter will start adding labels to US Congressional candidates' profiles on May 30, ahead of the November midterm elections   —  Twitter will start adding labels to the profiles of candidates running in the 2018 midterm elections after May 30th.  —  Why it matters: The move underscore's …

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Apple says it will partially refund customers with iPhone 6 or later that paid for out-of-warranty battery replacements in 2017 by giving them $50…

Ashley Carman / The Verge : Apple says it will partially refund customers with iPhone 6 or later that paid for out-of-warranty battery replacements in 2017 by giving them $50 credit   —  Apple said today it'll refund customers who paid for out-of-warranty battery replacements on their iPhone 6 or later devices between January 1st, 2017 and December 28th, 2017.

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VMware and Okta partner to bolster their mobile security offerings, such as improving secure log-ins, in a bid to challenge Microsoft (Nico…

Nico Grant / Bloomberg : VMware and Okta partner to bolster their mobile security offerings, such as improving secure log-ins, in a bid to challenge Microsoft   —  VMware Inc. and Okta Inc. unveiled a partnership meant to challenge Microsoft Corp. in the market for mobile-device security systems, as corporate employees increasingly work at home or on the road.

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A look at using blockchain tech in supply chains, its potential benefits like reducing fraud, and hurdles before being broadly adopted in the…

Louise Matsakis / Wired : A look at using blockchain tech in supply chains, its potential benefits like reducing fraud, and hurdles before being broadly adopted in the logistics industry   —  I HAD JUST learned everything there was to know about the fish in front of me.  Now, a small part of its fleshy, red body was in my mouth.

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Facebook Marketplace adds home service professionals like house cleaners, plumbers, contractors, and others in partnership with Handy, HomeAdvisor,…

Sarah Perez / TechCrunch : Facebook Marketplace adds home service professionals like house cleaners, plumbers, contractors, and others in partnership with Handy, HomeAdvisor, and more   —  Facebook is entering the home services market.  Starting today, U.S. Facebook users browsing the Facebook Marketplace will be able …

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A look at Kaspersky Lab’s SAS conference, where the company showcases its best research while entertaining competitors and reporters, amid its ongoing…

Lorenzo Franceschi-Bicchierai / Motherboard : A look at Kaspersky Lab's SAS conference, where the company showcases its best research while entertaining competitors and reporters, amid its ongoing crisis   —  We went to Kaspersky Lab's SAS conference, where the controversial Russian anti-virus firm showcases its best research …

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Governments are cracking down on fake token sales

From Howeycoin to a Chinese study that found 421 fake token sales , governments and researchers are finally shedding light on bad actors in the token sale space. Take, for example, Operation Cryptosweep. According to an North American Securities Administrator’s Association , regulators in the US and Canada are looking into 70 token sales and may be taking action against as many as 35. They write: NASAA members from more than 40 jurisdictions throughout North America participated in “Operation Cryptosweep,” which to date has resulted in nearly 70 inquiries and investigations and 35 pending or completed enforcement actions related to ICOs or cryptocurrencies since the beginning of May. NASAA members are conducting additional investigations into potentially fraudulent conduct that may result in additional enforcement actions. These actions are in addition to more than a dozen enforcement actions previously undertaken by NASAA members regarding these types of products. Many NASAA members also are conducting public outreach initiatives to warn investors in their jurisdictions of the risks associated with ICOs and cryptocurrencies. “The persistently expanding exploitation of the crypto ecosystem by fraudsters is a significant threat to Main Street investors in the United States and Canada, and NASAA members are committed to combating this threat,” said NASAA President, Joseph P. Borg. “Despite a series of public warnings from securities regulators at all levels of government, cryptocriminals need to know that state and provincial securities regulators are taking swift and effective action to protect investors from their schemes and scams.” Further, regulators in China have compiled a page detailing scams including products that are clearly pyramid schemes featuring “dynamic (rewards in proportion to money invested)” and “static (fixed)” incentives.

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