[INSIDERS] 5 Tech Info to Shine in Society

by bold-lichterman

We announced it to you in a previous Insiders, the Kik messaging application, intended for teenagers, wanted to raise $ 125 million on the occasion of its ICO (Initial Coin Offering).

The operation, which took place from September 12 to 26, is slightly below the expectations of the Canadian: about 49 million dollars were raised from 10,000 investors, from 117 different countries. A prior sale of Kin, named after this token based on the ethereum protocol, had already generated $ 50 million, from investors specializing in blockchain, such as Blockchain Capital, Pantera Capital, and Polychain Capital. The total amount therefore approximates $ 100 million.

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ICOs have already raised 1.7 billion dollars to date this year, but are in the crosshairs of regulatory authorities in several countries. During the TechCrunch Disrupt Last week, Dan Morehead of Pantera Capital, which manages a $ 100 million ICO fund, warned himself about the speculative atmosphere at the time, “ stronger than in the days of the dot com bubble », With currently more than 60 token sales per week.

The Kik ICO was particularly anticipated, because it concerned a B2C player, established for ten years, valued at one billion dollars, and with 15 million monthly active users.

Kik ICO Raises $ 98 Million But Falls Short of Target

As a result of the massive hacking that exposed the personal data of 143 million Americans, heads are falling at Equifax: after two senior executives, it is the turn of the CEO Richard Smith to step down at the head of one of the three largest credit reporting companies in the United States. However, he will have to be heard in early October, as part of the investigation conducted by the US Congress. Since the cyberattack was announced, Equifax stock has lost about 30% of its value on the Wall Street Stock Exchange. The company has been strongly criticized since the beginning of this case, not only on the operating conditions that made the breach possible, but also on its crisis management, as well as a suspicion of insider trading. It is to be seen on Bloomberg.

In addition, always on the IT security front, The Guardian revealed on Monday that Deloitte, one of the world’s largest auditing and consulting firms, was the victim of a computer attack. The intrusion would have occurred via a mail server hosted in the cloud, and simply protected by a password, without double authentication.

Deloitte provides consulting services to its clients in a number of areas including – ironically – IT security, a sensitive subject with very lucrative potential. During this attack, correspondence between 244,000 Deloitte employees and clients was allegedly exposed. According to the British newspaper, Deloitte only discovered the attack last March, which would take place from October to November 2016. The cabinet confirmed the information to the Guardian and launched an internal investigation, while downplaying the scope of the incident: “Only a small number of customers have been affected. There was no impact on client activities and on Deloitte’s ability to work ” communicated the cabinet to AFP. As the Deloitte cybersecurity section of its site wisely and presciently states: “The question is no longer whether you will experience cyberattacks, but rather when they will occur and how widespread will be. “

To read on The Guardian, a detailed investigation into lobbying, as practiced by the tech giants. Google, Facebook, Microsoft, Apple and Amazon spent $ 49 million last year, to support the actions of their influence groups in Washington. By way of comparison, Microsoft, already aware of its power in the 90s, spent only a modest two million dollars on this item. It was also at this time that Microsoft experienced its first setbacks for abuse of a dominant position, which cost it many years of legal proceedings.

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Eric Schmidt, then CEO of Novell, and former CEO of Sun Microsystems, was in a good position to learn from what was happening at Microsoft at the time. When he was named CEO of Google in 2001, he invested heavily in making friends in the halls of Capitol Hill. In 2003, Google was spending $ 80,000 on lobbying. Today, Alphabet spent $ 9.5 million in the first half of 2017, and $ 15.4 million in 2016, to the point of making it the company that spends the most money in the world on these subjects. In 2013, Alphabet even rented 5,000 square meters of office space – more or less the surface area of ​​the White House – less than two kilometers from the Capitol building.

Forget Wall Street – Silicon Valley is the new political power in Washington

Twitter will not give Donald Trump additional space to express himself on the social network. Slowing down, the blue bird made a resounding announcement to regain altitude, doubling the 140-sign limit for tweets. However, not all users can post messages of 280 characters yet. Only a small group of users can benefit from this novelty at the moment.

Addicted to Twitter, Donald Trump would probably have loved to be one of the privileged chosen by the social network. Worried about the idea that the American president, who always has the right word to calm tensions with North Korea, could benefit from these 280 signs, Internet users did not fail to challenge the founders of Twitter on this subject . One of them, Biz Stone, sounded the death knell for Donald Trump’s hopes: he is not in the group of testers.

Too bad Donald… Be reassured, he is not the only one who has to be satisfied with the 140 regulatory signs. Twitter boss Jack Dorsey’s own mother will also not benefit from the extension of the whistle domain.

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You can read it on Recode: Some Twitter users are getting longer tweets, but President Donald Trump isn’t one of them

Best known for its vacuum cleaners, hair dryers and batteries (ndlr in 2015 the company invests $ 15 million in the American battery manufacturer Skati), the Briton unveiled his new, surprising and sizeable ambition: market an electric car from 2020.

In an internal email, the entirety of which was unveiled on Twitter, James Dyson details the amount invested in this new project: $ 2 billion in total, one of which will go to the development of the car and the other to the design of the battery. 400 people would work on the project, for two years already. The automobile is an old fad for James Dyson, who has long been interested in this industry, and in particular the health consequences of using diesel: in 1990, he had designed a filter to collect particles at the outlet of the exhaust pipes, as shown in the vintage video below.

https://www.youtube.com/watch?v=2Haj5VlwuNo

The competition will be tough for the inventor: in addition to Elon Musk’s well-documented ambitions for Tesla, the majority of historic car manufacturers have set out to develop their own electric and / or hybrid vehicles, supporting these colossal investment projects. Volkswagen plans to spend $ 24 billion on these new cars by 2030.