United States

Waze now shows road toll prices along your driving route

Posted by | Apps, Canada, crowdsourcing, Mobile, TC, transport, Transportation, United States, waze | No Comments

Navigation app Waze is making getting to where you’re going even easier — or at least more transparent. A new feature rolling out today will show you any tolls along your route, including the actual amount you’re going to pay, across both the U.S. and Canada.

This is above and beyond what you’ll get in most navigation apps, where you might get a visual or text indicator that there is a toll on one of the roads in your path (and you can opt to avoid them if possible) but you won’t know what you’re actually paying. With Waze, you’ll get the amount — sourced from its community of user-drivers, rather than direct from the official toll road operators — but Waze’s crowd-sourced navigation data often has a leg up on the official source in other cases.

Waze will show you the toll prices up front, too, before the navigation actually gets under way, which is great, because that’s when you actually have the opportunity to do something about it, whether it’s scrounging seat-cushion change or just choosing to drive a different way.

This will be rolling out beginning today, so keep an eye out if you’re trying to get somewhere in the U.S. or Canada.

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No technical reason to exclude Huawei as 5G supplier, says UK committee

Posted by | 5g, Asia, Australia, China, cyber security, Ericsson, Europe, huawei, human rights, Ian Levy, Internet of Things, jeremy wright, Mobile, National Cyber Security Centre, national security, Nokia, privacy, Security, TC, telecommunications, United Kingdom, United States, zte | No Comments

A UK parliamentary committee has concluded there are no technical grounds for excluding Chinese network kit vendor Huawei from the country’s 5G networks.

In a letter from the chair of the Science & Technology Committee to the UK’s digital minister Jeremy Wright, the committee says: “We have found no evidence from our work to suggest that the complete exclusion of Huawei from the UK’s telecommunications networks would, from a technical point of view, constitute a proportionate response to the potential security threat posed by foreign suppliers.”

Though the committee does go on to recommend the government mandate the exclusion of Huawei from the core of 5G networks, noting that UK mobile network operators have “mostly” done so already — but on a voluntary basis.

If it places a formal requirement on operators not to use Huawei for core supply the committee urges the government to provide “clear criteria” for the exclusion so that it could be applied to other suppliers in future.

Reached for a response to the recommendations, a government spokesperson told us: “The security and resilience of the UK’s telecoms networks is of paramount importance. We have robust procedures in place to manage risks to national security and are committed to the highest possible security standards.”

The spokesperson for the Department for Digital, Media, Culture and Sport added: “The Telecoms Supply Chain Review will be announced in due course. We have been clear throughout the process that all network operators will need to comply with the Government’s decision.”

In recent years the US administration has been putting pressure on allies around the world to entirely exclude Huawei from 5G networks — claiming the Chinese company poses a national security risk.

Australia announced it was banning Huawei and another Chinese vendor ZTE from providing kit for its 5G networks last year. Though in Europe there has not been a rush to follow the US lead and slam the door on Chinese tech giants.

In April leaked information from a UK Cabinet meeting suggested the government had settled on a policy of granting Huawei access as a supplier for some non-core parts of domestic 5G networks, while requiring they be excluded from supplying components for use in network cores.

On this somewhat fuzzy issue of delineating core vs non-core elements of 5G networks, the committee writes that it “heard unanimously and clearly” from witnesses that there will still be a distinction between the two in the next-gen networks.

It also cites testimony by the technical director of the UK’s National Cyber Security Centre (NCSC), Dr Ian Levy, who told it “geography matters in 5G”, and pointed out Australia and the UK have very different “laydowns” — meaning “we may have exactly the same technical understanding, but come to very different conclusions”.

In a response statement to the committee’s letter, Huawei SVP Victor Zhang welcomed the committee’s “key conclusion” before going on to take a thinly veiled swiped at the US — writing: “We are reassured that the UK, unlike others, is taking an evidence based approach to network security. Huawei complies with the laws and regulations in all the markets where we operate.”

The committee’s assessment is not all comfortable reading for Huawei, though, with the letter also flagging the damning conclusions of the most recent Huawei Oversight Board report which found “serious and systematic defects” in its software engineering and cyber security competence — and urging the government to monitor Huawei’s response to the raised security concerns, and to “be prepared to act to restrict the use of Huawei equipment if progress is unsatisfactory”.

Huawei has previously pledged to spend $2BN addressing security shortcomings related to its UK business — a figure it was forced to qualify as an “initial budget” after that same Oversight Board report.

“It is clear that Huawei must improve the standard of its cybersecurity,” the committee warns.

It also suggests the government consults on whether telecoms regulator Ofcom needs stronger powers to be able to force network suppliers to clean up their security act, writing that: “While it is reassuring to hear that network operators share this point of view and are ready to use commercial pressure to encourage this, there is currently limited regulatory power to enforce this.”

Another committee recommendation is for the NCSC to be consulted on whether similar security evaluation mechanisms should be established for other 5G vendors — such as Ericsson and Nokia: Two European based kit vendors which, unlike Huawei, are expected to be supplying core 5G.

“It is worth noting that an assurance system comparable to the Huawei Cyber Security Evaluation Centre does not exist for other vendors. The shortcomings in Huawei’s cyber security reported by the Centre cannot therefore be directly compared to the cyber security of other vendors,” it notes.

On the issue of 5G security generally the committee dubs this “critical”, adding that “all steps must be taken to ensure that the risks are as low as reasonably possible”.

Where “essential services” that make use of 5G networks are concerned, the committee says witnesses were clear such services must be able to continue to operate safely even if the network connection is disrupted. Government must ensure measures are put in place to safeguard operation in the event of cyber attacks, floods, power cuts and other comparable events, it adds. 

While the committee concludes there is no technical reason to limit Huawei’s access to UK 5G, the letter does make a point of highlighting other considerations, most notably human rights abuses, emphasizing its conclusion does not factor them in at all — and pointing out: “There may well be geopolitical or ethical grounds… to enact a ban on Huawei’s equipment”.

It adds that Huawei’s global cyber security and privacy officer, John Suffolk, confirmed that a third party had supplied Huawei services to Xinjiang’s Public Security Bureau, despite Huawei forbidding its own employees from misusing IT and comms tech to carry out surveillance of users.

The committee suggests Huawei technology may therefore be being used to “permit the appalling treatment of Muslims in Western China”.

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Week-in-Review: Alexa’s indefinite memory and NASA’s otherworldly plans for GPS

Posted by | 4th of July, AI assistant, alex wong, Amazon, Andrew Kortina, Android, andy rubin, appeals court, Apple, apple inc, artificial intelligence, Assistant, China, enterprise software, Getty-Images, gps, here, iPhone, machine learning, Online Music Stores, operating systems, Sam Lessin, social media, Speech Recognition, TC, Tim Cook, Twitter, United States, Venmo, voice assistant | No Comments

Hello, weekenders. This is Week-in-Review, where I give a heavy amount of analysis and/or rambling thoughts on one story while scouring the rest of the hundreds of stories that emerged on TechCrunch this week to surface my favorites for your reading pleasure.

Last week, I talked about the cult of Ive and the degradation of Apple design. On Sunday night, The Wall Street Journal published a report on how Ive had been moving away from the company, to the dismay of many on the design team. Tim Cook didn’t like the report very much. Our EIC gave a little breakdown on the whole saga in a nice piece.

Apple sans Ive


Amazon Buys Whole Foods For Over 13 Billion

The big story

This week was a tad restrained in its eventfulness; seems like the newsmakers went on 4th of July vacations a little early. Amazon made a bit of news this week when the company confirmed that Alexa request logs are kept indefinitely.

Last week, an Amazon public policy exec answered some questions about Alexa in a letter sent to U.S. Senator Coons. His office published the letter on its site a few days ago and most of the details aren’t all that surprising, but the first answer really sets the tone for how Amazon sees Alexa activity:

Q: How long does Amazon store the transcripts of user voice recordings?

A: We retain customers’ voice recordings and transcripts until the customer chooses to delete them.

What’s interesting about this isn’t that we’re only now getting this level of straightforward dialogue from Amazon on how long data is kept if not specifically deleted, but it makes one wonder why it is useful or feasible for them to keep it indefinitely. (This assumes that they actually are keeping it indefinitely; it seems likely that most of it isn’t, and that by saying this they’re protecting themselves legally, but I’m just going off the letter.)

After several years of “Hey Alexa,” the company doesn’t seem all that close to figuring out what it is.

Alexa seems to be a shit solution for commerce, so why does Amazon have 10,000 people working on it, according to a report this week in The Information? All signs are pointing to the voice assistant experiment being a short-term failure in terms of the short-term ambitions, though AI advances will push the utility.

Training data is a big deal across AI teams looking to educate models on data sets of relevant information. The company seems to say as much. “Our speech recognition and natural language understanding systems use machine learning to adapt to customers’ speech patterns and vocabulary, informed by the way customers use Alexa in the real world. To work well, machine learning systems need to be trained using real world data.”

The company says it doesn’t anonymize any of this data because it has to stay associated with a user’s account in order for them to delete it. I’d feel a lot better if Amazon just effectively anonymized the data in the first place and used on-device processing the build a profile on my voice. What I’m more afraid of is Amazon having such a detailed voiceprint of everyone who has ever used an Alexa device.

If effortless voice-based e-commerce isn’t really the product anymore, what is? The answer is always us, but I don’t like the idea of indefinitely leaving Amazon with my data until they figure out the answer.

Send me feedback
on Twitter @lucasmtny or email
lucas@techcrunch.com

On to the rest of the week’s news.

Trends of the week

Here are a few big news items from big companies, with green links to all the sweet, sweet added context:

  • NASA’s GPS moonshot
    The U.S. government really did us a solid inventing GPS, but NASA has some bigger ideas on the table for the positioning platform, namely, taking it to the Moon. It might be a little complicated, but, unsurprisingly, scientists have some ideas here. Read more.
  • Apple has your eyes
    Most of the iOS beta updates are bug fixes, but the latest change to iOS 13 brought a very strange surprise: changing the way the eyes of users on iPhone XS or XS Max look to people on the other end of the call. Instead of appearing that you’re looking below the camera, some software wizardry will now make it look like you’re staring directly at the camera. Apple hasn’t detailed how this works, but here’s what we do know
  • Trump is having a Twitter party
    Donald Trump’s administration declared a couple of months ago that it was launching an exploratory survey to try to gain a sense of conservative voices that had been silenced on social media. Now @realdonaldtrump is having a get-together and inviting his friends to chat about the issue. It’s a real who’s who; check out some of the people attending here.
Amazon CEO And Blue Origin Founder Jeff Bezos Speaks At Air Force Association Air, Space And Cyber Conference

(Photo by Alex Wong/Getty Images)

GAFA Gaffes

How did the top tech companies screw up this week? This clearly needs its own section, in order of badness:

  1. Amazon is responsible for what it sells:
    [Appeals court rules Amazon can be held liable for third-party products]
  2. Android co-creator gets additional allegations filed:
    [Newly unsealed court documents reveal additional allegations against Andy Rubin]

Extra Crunch

Our premium subscription service had another week of interesting deep dives. TechCrunch reporter Kate Clark did a great interview with the ex-Facebook, ex-Venmo founding team behind Fin and how they’re thinking about the consumerization of the enterprise.

Sam Lessin and Andrew Kortina on their voice assistant’s workplace pivot

“…The thing is, developing an AI assistant capable of booking flights, arranging trips, teaching users how to play poker, identifying places to purchase specific items for a birthday party and answering wide-ranging zany questions like “can you look up a place where I can milk a goat?” requires a whole lot more human power than one might think. Capital-intensive and hard-to-scale, an app for “instantly offloading” chores wasn’t the best business. Neither Lessin nor Kortina will admit to failure, but Fin‘s excursion into B2B enterprise software eight months ago suggests the assistant technology wasn’t a billion-dollar idea.…”

Here are some of our other top reads this week for premium subscribers. This week, we talked a bit about asking for money and the future of China’s favorite tech platform:

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Huawei can buy from US suppliers again — but things will never be the same

Posted by | america, Android, Asia, China, Companies, donald trump, g20, Google, huawei, mobile phones, operating system, president, Ren Zhengfei, smartphones, supply chain, telecommunications, Trump administration, United States | No Comments

U.S. President Donald Trump has handed Huawei a lifeline after he said that U.S. companies are permitted to sell goods to the embattled Chinese tech firm following more than a month of uncertainty.

It’s been a pretty dismal past month for Huawei since the American government added it and 70 of its affiliates to an “entity list” which forbids U.S. companies from doing business with it. The ramifications of the move were huge across Huawei’s networking and consumer devices businesses. A range of chip companies reportedly forced to sever ties while Google, which provides Android for Huawei devices, also froze its relationship. Speaking this month.

All told, Huawei founder and chief executive Ren Zhengfei said recently that the ban would cost the Chinese tech firm — the world’s third-larger seller of smartphones — some $30 billion in lost revenue of the next two years.

Now, however, the Trump administration has provided a reprieve, at least based on the President’s comments following a meeting with Chinese premier Xi Jinping at the G20 summit this weekend.

“US companies can sell their equipment to Huawei. We’re talking about equipment where there’s no great national security problem with it,” the U.S. President said.

Those comments perhaps contradict some in the US administration who saw the Huawei blacklisting as a way to strangle the company and its global ambitions, which are deemed by some analysts to be a threat to America.

President Trump has appeared to soften his tone on Chinese communications giant Huawei, suggesting that he would allow the company to once again purchase US technology https://t.co/4YNJCyKLTg pic.twitter.com/jr45f40ghP

— CNN International (@cnni) June 29, 2019

Despite the good news, any mutual trust has been broken and things are unlikely to be the same again.

America’s almost casual move to blacklist Huawei — the latest in a series of strategies in its ongoing trade battle with China — exemplifies just how dependent the company has become on the U.S. to simply function.

Huawei has taken steps to hedge its reliance on America, including the development of its own operating system to replace Android and its own backup chips, and you can expect that these projects will go into overdrive to ensure that Huawei doesn’t find itself in a similar position again in the future.

Of course, decoupling its supply chain from US partners is no easy task both in terms of software and components. It remains to be seen if Huawei could maintain its current business level — which included 59 million smartphones in the last quarter and total revenue of $107.4 billion in 2018 — with non-US components and software but this episode is a reminder that it must have a solid contingency policy in case it becomes a political chess piece again in the future.

Beyond aiding Huawei, Trump’s move will boost Google and other Huawei partners who invested significant time and resources into developing a relationship with Huawei to boost their own businesses through its business.

Indeed, speaking to press Trump, Trump admitted that US companies sell “a tremendous amount” of products to Huawei. Some “were not exactly happy that they couldn’t sell” to Huawei and it looks like that may have helped tipped this decision. But, then again, never say never — you’d imagine that the Huawei-Trump saga is far from over despite this latest twist.

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Huawei says two-thirds of 5G networks outside China now use its gear

Posted by | 5g, Alphabet, Android, Asia, carrier, ceo, China, Companies, finland, hardware, huawei, india, Nokia, operating system, president, Rajeev Suri, Ren Zhengfei, shenzhen, smartphone, south korea, spokesperson, switzerland, telecommunications, Trump administration, United Kingdom, United States | No Comments

As 5G networks begin rolling out and commercializing around the world, telecoms vendors are rushing to get a headstart. Huawei equipment is now behind two-thirds of the commercially launched 5G networks outside China, said president of Huawei’s carrier business group Ryan Ding on Tuesday at an industry conference.

Huawei, the world’s largest maker of telecoms gear, has nabbed 50 commercial 5G contracts outside its home base from countries including South Korea, Switzerland, the United Kingdom, Finland and more. In all, the Shenzhen-based firm has shipped more than 150,000 base stations, according to Ding.

It’s worth noting that network carriers can work with more than one providers to deploy different parts of their 5G base stations. Huawei offers what it calls an end-to-end network solution or a full system of hardware, but whether a carrier plans to buy from multiple suppliers is contingent on their needs and local regulations, a Huawei spokesperson told TechCrunch.

In China, for instance, both Ericsson and Nokia have secured 5G contracts from state-run carrier China Mobile (although Nokia’s Chinese entity, a joint venture with Alcatel-Lucent Shanghai Bell, is directly controlled by China’s State-owned Assets Supervision and Administration Commission).

Huawei’s handsome number of deals came despite the U.S’s ongoing effort to lobby its allies against using its equipment. In May, the Trump administration put Huawei on a trade blacklist over concerns around the firm’s spying capabilities, a move that has effectively banned U.S. companies from doing businesses with the Shenzhen-based giant.

Huawei’s overall share in the U.S. telecoms market has so far been negligible, but many rural carriers have long depended on its high-performing, cost-saving hardware. That might soon end as the U.S. pressures small-town network operators to quit buying from Huawei, Reuters reported this week.

To appease potential clients, Huawei has gone around the world offering no-backdoors pacts to local governments of the U.K. and most recently India.

Huawei is in a neck and neck fight with rivals Nokia and Ericsson. In early June, Nokia CEO Rajeev Suri said in an interview with Bloomberg that the firm had won “two-thirds of the time” in bidding contracts against Ericcson and competed “quite favorably with Huawei.” Nokia at the time landed 42 5G contracts, while Huawei numbered 40 and Ericsson scored 19.

Huawei’s challenges go well beyond the realm of its carrier business. Its fast-growing smartphone unit is also getting the heat as the U.S. ban threatens to cut it off from Alphabet, whose Android operating system is used in Huawei phone, as well as a range of big chip suppliers.

Huawei CEO and founder Ren Zhengfei noted that trade restrictions may compromise the firm’s output in the short term. Total revenues are expected to dip $30 billion below estimates over the next two years, and overseas smartphone shipment faces a 40% plunge. Ren, however, is bullish that the firm’s sales would bounce back after a temporary period of adjustment while it works towards self-dependence by developing its own OS, chips and other core technologies.

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LTE flaws let hackers ‘easily’ spoof presidential alerts

Posted by | amber alert, Emergency Alert System, Government, hawaii, LTE, Mobile, mobile phones, president, Security, technology, telecommunications, text messaging, United States | No Comments

Security vulnerabilities in LTE can allow hackers to “easily” spoof presidential alerts sent to mobile phones in the event of a national emergency.

Using off-the-shelf equipment and open-source software, a working exploit made it possible to send a simulated alert to every phone in a 50,000-seat football stadium with little effort, with the potential of causing “cascades of panic,” said researchers at the University of Colorado Boulder in a paper out this week.

Their attack worked in nine out of 10 tests, they said.

Last year the Federal Emergency Management Agency sent out the first “presidential alert” test using the Wireless Emergency Alert (WEA) system. It was part of an effort to test the new state-of-the-art system to allow any president to send out a message to the bulk of the U.S. population in the event of a disaster or civil emergency.

But the system — which also sends out weather warnings and AMBER alerts — isn’t perfect. Last year amid tensions between the U.S. and North Korea, an erroneous alert warned residents of Hawaii of an inbound ballistic missile threat. The message mistakenly said the alert was “not a drill.”

Although no system is completely secure, many of the issues over the years have been as a result of human error. But the researchers said the LTE network used to transmit the broadcast message is the biggest weak spot.

Because the system uses LTE to send the message and not a traditional text message, each cell tower blasts out an alert on a specific channel to all devices in range. A false alert can be sent to every device in range if that channel is identified.

Making matters worse, there’s no way for devices to verify the authenticity of received alerts.

The researchers said fixing the vulnerabilities would “require a large collaborative effort between carriers, government stakeholders and cell phone manufacturers.” They added that adding digital signatures to each broadcast alert is not a “magic solution,” but would make it far more difficult to send spoofed messages.

A similar vulnerability in LTE was discovered last year, allowing researchers to not only send emergency alerts but also eavesdrop on a victim’s text messages and track their location.

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Google Assistant comes to Waze navigation app

Posted by | Android, Android Auto, Apps, Assistant, automotive, computing, Google, Google-Maps, Lyft, smartphones, Software, TC, Transportation, Uber, United States, waze | No Comments

Ever since Google acquired Waze back in 2013, features from each have been slowly making their way back and forth between it and Google Maps — and today Waze gets a big upgrade with Google Assistant integration, which means you can use the smart voice companion within the app.

Google Assistant in Waze will provide access to your usual Assistant features, like playback of music and podcasts, but it’ll also offer access to many Waze-specific abilities, including letting you ask it to report traffic conditions, or specifying that you want to avoid tolls when routing to your destination.

Google has done a good job of rolling out support for Assistant in its own Android Auto in-car software, and even brought it to Google Maps on Apple’s competing CarPlay system earlier this year. The benefits of having Assistant work natively within Waze are many, but the number one might be its potential to reduce distractions while on the road.

Waze remains a top choice among drivers, and anecdotally most Uber and Lyft drivers I encounter still swear by its supremacy over the competition, including Google’s other own-branded Maps solution.

Google Assistant will be available via a rollout starting today in the U.S., in English only to start and on Android smartphones. Expect that availability to expand over time.

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Foxconn halts some production lines for Huawei phones, according to reports

Posted by | Android, Apple, Companies, donald trump, Foxconn, Google, huawei, mobile phones, operating system, president, shenzhen, smart phone, smartphone, smartphones, TC, telecommunications, United States, Xiaomi | No Comments

Huawei, the Chinese technology giant whose devices are at the center of a far-reaching trade dispute between the U.S. and Chinese governments, is reducing orders for new phones, according to a report in The South China Morning Post.

According to unnamed sources, the Taiwanese technology manufacturer Foxconn has halted production lines for several Huawei phones after the Shenzhen-based company reduced orders. Foxconn also makes devices for most of the major smart phone vendors including Apple and Xiaomi (in addition to Huawei).

In the aftermath of President Donald Trump’s declaration of a “national emergency” to protect U.S. networks from foreign technologies, Huawei and several of its affiliates were barred from acquiring technologies from U.S. companies.

The blacklist has impacted multiple lines of Huawei’s business including it handset manufacturing capabilities given the company’s reliance on Google’s Android operating system for its smartphones.

In May, Google reportedly suspended business with Huawei, according to a Reuters report. Last year, Huawei shipped over 200 million handsets and the company had a stated goal to become the world’s largest vendor of smartphones by 2020.

These reports from The South China Morning Post are the clearest indication that the ramifications of the U.S. blacklisting are beginning to be felt across Huawei’s phone business outside of China.

Huawei was already under fire for security concerns, and will be forced to contend with more if it can no longer provide Android updates to global customers.

Contingency planning is already underway at Huawei. The company has built its own Android -based operating system, and can use the stripped down, open source version of Android that ships without Google Mobile Services. For now, its customers also still have access to Google’s app store. But if the company is forced to make developers sell their apps on a siloed Huawei-only store, it could face problems from users outside of China.

Huawei and the Chinese government are also retaliating against the U.S. efforts. The company has filed a legal motion to challenge the U.S. ban on its equipment, calling it “unconstitutional.”  And Huawei has sent home its American employees deployed at R&D functions at its Shenzhen headquarters.

It has also asked its Chinese employees to limit conversations with overseas visitors, and cease any technical meetings with their U.S. contacts.

Still, any reduction in orders would seem to indicate that the U.S. efforts to stymie Huawei’s expansion (at least in its smartphone business) are having an impact.

A spokesperson for Huawei U.S. did not respond to a request for comment.

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Delane Parnell’s plan to conquer amateur esports

Posted by | accelerator, Alexis Ohanian, Amazon, Apps, Brian Wong, Canada, coach, delane parnell, detroit, esports, Facebook, Fundings & Exits, Gaming, league of legends, Los Angeles, Ludlow Ventures, Matt Mazzeo, Media, national basketball association, north america, Personnel, Peter Pham, playvs, Riot Games, rocket fiber, Rocket League, science, serial entrepreneur, Sports, Spotify, Startups, Talent, TC, Twitch, United States, Venture Capital, video game | No Comments

Most of the buzz about esports focuses on high-profile professional teams and audiences watching live streams of those professionals.

What gets ignored is the entire base of amateurs wanting to compete in esports below the professional tier. This is like talking about the NBA and the value of its sponsorships and broadcast rights as if that is the entirety of the basketball market in the US.

Los Angeles-based PlayVS (pronounced “play versus”) wants to become the dominant platform for amateur esports, starting at the high school level. The company raised $46 million last year—its first year operating—with the vision that owning the infrastructure for competitions and expanding it to encompass other social elements of gaming can make it the largest gaming company in the world.

I recently sat down with Founder & CEO Delane Parnell to talk about his company’s formation and growth strategy. Below is the transcript of our conversation (edited for length and clarity):

Founding PlayVS

Eric P: You have a fascinating background as a serial entrepreneur while you were a teenager.

Delane P.: I grew up on the west side of Detroit and started working at the cell phone store of a family friend when I was 13. When I turned 16 or so, I joined two guys in opening our own Metro PCS franchise. And then two additional franchises. And I was on the founding team of a car rental company called Executive Rental Car.

Eric P: And this segued into tech startups after meeting Jon Triest from Ludlow Ventures?

Delane P: He got me a ticket to the Launch conference in SF, and that experience inspired me to start a Fireside Chat series in Detroit that brought in people like Brian Wong from Kiip and Alexis Ohanian from Reddit to speak. Starting at 21, I worked at a venture capital firm called IncWell based in Birmingham, Michigan then joined a startup called Rocket Fiber.

We were focused on internet infrastructure – this is 2015-ish – and I was appointed to lead our strategy in esports. So I met with many of the publishers, ancillary startups, tournament organizers, and OG players and team owners. Through the process, I became passionate about esports and ended up leaving Rocket Fiber to start a Call of Duty team that I quickly sold to TSM.

Eric P: What then drove you to found PlayVS? Did it seem like an obvious opportunity or did it take you a while to figure it out?

Delane P.: What esports means is playing video games competitively bound to governance and a competitive ruleset. As a player, what that experience means is you play on a team, in a position, with a coach, in a season that culminates in some sort of championship.

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China’s largest chipmaker is delisting from the NYSE

Posted by | Android, Asia, China, Companies, Google, huawei, Intel, Qualcomm, shanghai, spokesperson, telecommunications, United States, Xiaomi | No Comments

The U.S-China trade war is increasingly influencing tech. Huawei has suffered a turbulent past week with key suppliers pausing work with the company, and now China’s largest chipmaker is planning to delist from the New York Stock Exchange.

Semiconductor Manufacturing International Corp (SMIC) announced in a filing published Friday that it plans to delist next month ending a 15-year spell as a public company in the U.S. The firm will file a Form 25 to delist on June 3, which is likely to see it leave the NYSE around ten days later. SMIC, which is backed by the Chinese government and state-owned shareholders, will focus on its existing Hong Kong listing going forward but there will be trading options for those holding U.S-based ADRs.

In its announcement, SMIC said it plans to delist for reasons that include limited trading volumes and “significant administrative burden and costs” around the listing and compliance with reporting.

What it doesn’t say is that this is linked to the frosty relationship between the U.S. and China, and already the company has played that rationale.

“SMIC has been considering this migration for a long time and it has nothing to do with the trade war and Huawei incident. The migration requires a long preparation and timing has coincided with the current trade rhetoric, which may lead to misconceptions,” a spokesperson told CNBC.

Still, it is impossible to ignore the current context. Huawei’s entry to a U.S. blacklist has paused its relationship with key suppliers including ARM, Qualcomm, Intel and Google, which supplies the Android OS for its phones, so SMIC’s decision to remove its financial links to the U.S. fees into fears of a bifurcation of U.S. and Chinese tech, deliberate or not.

SMIC’s shares dropped 4 percent in Hong Kong on Friday. Trading of its U.S-based ADRs crossed one million on Friday, that’s well above an above 90-day volume of nearly 150,000 per day.

The company is China’s largest chip firm, specializing in integrated circuit manufacturing with clients such as Qualcomm, Broadcom and Texas Instruments. SMIC made a profit of $746.7 million in 2018 on revenues of $3.36 billion. Its most recent Q1 results released earlier this month saw revenue fall 19 percent year-on-year.

There has always been tension around Chinese companies using U.S. public markets to go public, and not just from an American standpoint. Chinese companies are increasingly exploring other options, including Hong Kong — where Xiaomi went public last year — while a-soon-to-launch ‘science and tech’ board in Shanghai is hotly touted as an alternative destination.

The board launches in pilot mode next month, but already Chinese bankers and tech companies have found it challenging to deliver on expectations, as a Reuters report earlier this year concluded.

Update: The headline of this article has been updated to reflect that SMIC is delisting from the NYSE not the Nasdaq

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