Wednesday, March 27, 2019

Chinese giants fund ride-hailing challenger

THE DAILY CRUNCH
WEDNESDAY, MARCH 27 2019 By Anthony Ha

A well-funded challenger takes on the biggest ride-hailing company in China, Google shares more details about its recent robotics work and we have some concerns about Apple News+. Here's your Daily Crunch for March 27, 2019.

1. Alibaba, Tencent and other major names form $1.45B ride-hailing venture

For the last two years, Didi has been the dominant car-hailing force in China and its success has spawned a handful of competitors. Now another notable challenger has stepped up.

T3, which is short for "top 3," officially launched after a dozen entities, including three major automakers and China's largest internet companies, agreed to lay out a total of 9.76 billion yuan ($1.45 billion) for the joint venture.

2. Google has scaled back, moved forward with robotics

The company recently gave The New York Times a look at what it's been working on in a new Mountain View lab. The results, it seems, are modest by design.

3. The danger of 'I already pay for Apple News+'

Josh Constine lays out some big issues with Apple's subscription news initiative.

4. Google makes emails more dynamic with AMP for Email

AMP for Email is Google's effort to turn emails from static documents into dynamic, web page-like experiences. The hope is that basic messages can become a surface for actually getting things done.

5. Unicorns aren't profitable, and Wall Street doesn't care

Lyft, a ride-hailing company expected to go public this week, is not profitable. It posted losses of $911 million in 2018, a statistic that will make it the biggest loser amongst U.S. startups to have gone public.

6. FTC tells ISPs to disclose exactly what information they collect on users and what it's for

The Federal Trade Commission, in what could be considered a prelude to new regulatory action, has issued an order to several major internet service providers requiring them to share every detail of their data collection practices.

7. Airbnb just checked in its 500 millionth guest

Airbnb says it has just recorded its 500 millionth guest arrival across one of its 6 million homes, yurts, tree houses, boats and more.

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Tuesday, March 26, 2019

Apple doubles down on subscriptions

THE DAILY CRUNCH
TUESDAY, MARCH 26 2019 By Anthony Ha

Apple announces a bunch of different subscription services, Uber acquires Careem and McDonald's (!) acquires a personalization startup. Here's your Daily Crunch for March 26, 2019.

1. Here's everything Apple announced at its 'Show Time' event

Let's see if I can get this all into one blurb: There's the streaming service AppleTV+, the updated TV app with Channels (basically, subscriptions for other services), a $9.99 subscription for Apple News+ (including Extra Crunch) and a gaming subscription service called Apple Arcade.

Oh, and beyond the subscriptions, Apple is working with Goldman Sachs and MasterCard to launch an Apple Card.

2. Uber is paying $3.1BN to pick up Middle East rival Careem

After months and months of rumors it's finally been confirmed that ride-hailing giant Uber is picking up its Middle East rival Careem in an acquisition deal worth $3.1 billion — with $1.7 billion to be paid in convertible notes and $1.4 billion in cash.

3. McDonald's is acquiring Dynamic Yield to create a more customized drive-thru

McDonald's said it will use this technology to create a drive-thru menu that can be tailored to things like the weather, current restaurant traffic and trending menu items. Once you've started ordering, the display can also recommend additional items based on what you've already chosen.

4. European parliament votes for controversial copyright reform (yes, again)

An amendment that would have thrown out the most controversial component of the copyright reform — a.k.a. Article 13, which makes platforms liable for copyright infringements committed by their users — was rejected by just five votes.

5. Spotify acquires true crime studio Parcast to expand its original podcast content

Parcast isknown best for true-crime and other factual serials in genres like mystery, science fiction and history.

6. NASA cancels all-female spacewalk because it didn't have enough spacesuits ready in the right size

On Friday, NASA was planning to conduct its first all-female spacewalk, but realized it doesn't have enough spacesuits that are the right size for its female astronauts.

7. Huawei announces smart glasses in partnership with Gentle Monster

Huawei is positioning the glasses as a sort of earbuds replacement, a device that lets you talk on the phone without putting anything in your ears. There won't be a single model, but a collection of glasses with integrated electronics.

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