Trump's Huawei ban takes effect, ByteDance launches a new chat app and a security security raises more than $100 million. Here's your Daily Crunch for May 20, 2019. 1. Huawei responds to Android ban with service and security guarantees, but its future is unclear Google is complying with a federal directive that placed Huawei and 70 of its affiliates on an "entity list," meaning that any U.S. company needs government approval before doing business with the Chinese tech company. In response, Huawei said today that it will continue to provide security updates and after-sales support to its existing lineup of Android smartphones. Still, what the company didn't say will probably spark concerns. 2. TikTok owner ByteDance's long-awaited chat app is here The new app is called Feiliao, or Flipchat in English, a hybrid of an instant messenger plus interest-based forums, and it's currently available for both iOS and Android. It arrived only four months after Bytedance unveiled its video-focused chatting app Duoshan. 3. Identity platform Auth0 raises $103M, pushing its valuation over $1B Auth0 — pronounced "auth-zero" — provides authentication-as-a-service to its corporate customers. In other words, it offers a secure login system used to properly authenticate the identity of employees. 4. Sam Altman's leap of faith Earlier this year, founder-investor Sam Altman left his high-profile role as the president of Y Combinator to become the CEO of AI research outfit OpenAI. Connie Loizos talks to him about YC's evolution and his current work. 5. Robin picks up $20M Series B to optimize the office Robin hooks into Google Calendar and Outlook to help employees get a sense of what meeting rooms and activity spaces are available in the office, complete with tablet signage out front. 6. This week's TechCrunch podcasts The team at Equity has thoughts on the latest funding round for luggage startup Away, while we have plenty of opinions about the latest "Game of Thrones" developments on Original Content. 7. What Uber and Lyft's investment bankers got right Danny Crichton argues that Uber and Lyft are proof that investment bankers actually are pretty smart in their advice about the pubic markets, and founders should be cautious about ignoring their words. (Extra Crunch membership required.) |
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