[TL;DR] Tech news that you shouldn’t miss this 04/10
Every evening, the best of Tech news is in the TL; DR of FrenchWeb.
TL; DR (invariable acronym) (21st century): initials of “too long; didn’t read“,
either literally “too long ; not read“
1. (Internet) To express that the message that was sent was not read because it was too long.
2. (Internet) To express that the following is a summary of the text too long.
Altice Europe is launching a “strategic reflection” on its fiber assets. Altice is under pressure from the markets to deleverage.
Why this is important: According to Bloomberg, Altice Europe has received initial offers from the US KKR fund and the private equity arm of Allianz, as well as the Ontario Municipal Employee Retirement Fund and Macquarie Group. The offers relate to 40 to 60% of the capital of a company bringing together Altice’s assets in fiber, as part of an auction procedure, adds Bloomberg. ” Altice Europe has initiated a strategic reflection on its fiber infrastructure to further accelerate its deployment, and to consider financial partnerships“, The group said in a statement.
Honda is banking on General Motors’ Cruise to develop self-driving cars. The Japanese automobile group Honda will invest 2.75 billion dollars in Cruise, the unit of General Motors dedicated to the autonomous car.
Why this is important: “This is the next logical step in the relationship between General Motors and Honda, given our collaboration in electric vehicles and our close integration with Cruise.General Motors CEO Mary Barra said in a statement. Four months after SoftBank, the Japanese telecoms and online services giant, which had already put $ 2.2 billion in the San Francisco company for a share just under 20%, Honda will take a stake for 750 million dollars. Autonomous driving is considered the next El Dorado in the automotive industry in combination with the electric car. The big names in the sector are, like more recent manufacturers like Tesla, high-tech giants (Waymo born at Google), or those in the sharing economy like Uber.
Coinbase on track to hit $ 8 billion valuation. The cryptocurrency giant is said to be in talks with investors for a fundraising that could reach $ 500 million.
Why this is important: Of this financing, $ 250 million would be added to company funds, while the other $ 250 million would be used to buy back shares from certain shareholders. Coinbase is the main bitcoin exchange platform. She earns money on every transaction and has reached 20 million users. The company was valued at $ 1.6 million in August last year after raising $ 100 million. Since then, it has continued to accelerate its activities and in particular got its hands in April on the startup earn.com, which offers a paid messaging service based on the blockchain, for 120 million dollars. Coinbase is reportedly considering going as far as an IPO.
Cybersecurity: the favorite attacks of hackers. The number of cyber attacks climbed 47% in the second quarter of 2018.
Why this is important: In full swing, cybercrime has emerged as one of the major scourges of the digital age. In France alone, cybercrime incidents jumped 32% between 2016 and 2017, with more than 63,500 cases recorded last year, according to figures from the Ministry of the Interior. In total, 320,000 people were reportedly victims of online attacks in 2017 in France. To recover data from the computers of their victims, cybercriminals most often use spyware (26%) or malware to gain control of computers remotely (22%), the Positive Technologies report says. Over the years, cybercriminals have competed in ingenuity to fool Internet users. Indeed, they use new methods to make users believe that a message, a link or an attachment comes from a reliable source.
In the race for the autonomous car, a surprise alliance between Toyota and SoftBank. The two Japanese groups have decided to join forces to create a joint venture by April 2019.
Why this is important: Japanese automotive giant Toyota announced Thursday the creation of a joint venture with its compatriot in the telecommunications sector SoftBank Group to accelerate the development of new mobility services, with the aim of the autonomous car. Partnerships between traditional manufacturers and information technology companies are multiplying in the race for the car of the future, which they predict to be electric, connected, driverless and shared. As Toyota CEO Akio Toyoda likes to point out, reiterating it to the press in Tokyo on Thursday, the auto industry is at a turning point in its history, “as there is only once a century“. And to survive against your rivals and competitors from Silicon Valley like Waymo (Google), you have to forge alliances, he said. Their joint company, called Monet (for “Mobility Network”), should be created by April 2019, the end of the budget year, with a workforce of 30 people initially.
Chinese online pharmacy 111. The company raised $ 100.5 million during its IPO, far from the expected $ 200 million.
Why this is important: Not all Chinese companies that try their luck on Wall Street have such a glorious fate as giant Alibaba. Online pharmacy 111 learned this the hard way in September with a rocky Nasdaq debut. Indeed, while the Shanghai-based company initially hoped to raise $ 200 million with a price per share of between $ 14 and $ 16, it ultimately raised half as much, $ 100.5 million, with an IPO price in Stock market which fell to $ 13.80 per share. With a market capitalization of less than $ 1 billion, 111 evolves far from the sphere of his compatriot Nio, specializing in electric cars, who managed to raise a billion dollars during his IPO to reach a market capitalization of 5, $ 52 billion.