Yearly Archives: 2020

News: EU switches on cross-border interoperability for first batch of COVID-19 contacts tracing apps

The European Union has switched on cross-border interoperability for a first batch of COVID-19 contacts tracing apps that use Bluetooth proximity to calculate the exposure risk of smartphone users after a pilot of the system last month. National apps whose backends are now linked through the gateway service are Germany’s Corona-Warn-App, the Republic of Ireland’s

The European Union has switched on cross-border interoperability for a first batch of COVID-19 contacts tracing apps that use Bluetooth proximity to calculate the exposure risk of smartphone users after a pilot of the system last month.

National apps whose backends are now linked through the gateway service are Germany’s Corona-Warn-App, the Republic of Ireland’s COVID tracker, and Italy’s immuni app.

This means a user of one of those apps who travels to any of the other countries can expect their national app to send relevant exposure notifications in the same way it should if they had not travelled — without the need to download any additional software.

Collectively, the three national COVID-19 apps have been downloaded by around 30 million people which the EU said corresponds to two-thirds of such downloads in the region.

Image credit: EU Publications Office

Other national apps are expected to gain interoperability as they are added to the service in the coming weeks — with at least 18 more compatible national apps identified at this stage.

A second batch of national apps is expected to be added next week after a period of testing — namely: Czechia’s eRouška, Denmark’s smitte stop, Latvia’s Apturi COVID and Spain’s Radar Covid (although the latter still doesn’t have full coverage in Spain with the Catalonia region yet to integrate it with its regional healthcare system). Further compatible apps are slated to be added in November.

The gateway has been designed to work, in the first instance, with official coronavirus apps that have a decentralized architecture — meaning any that use a centalized architecture, such as France’s StopCovid app, aren’t currently compatible.

The UK’s collection of apps, meanwhile — for England & Wales, Scotland and Northern Ireland — are unlikely to get plugged in, despite having a technically compatible app architecture, as the country is due to exit the trading bloc at the end of this year. (So interoperability would require a separate agreement between the UK and the EU.)

“About two third of EU Member States have developed compatible tracing and warning apps, and the gateway is open to all of them, once they are ready to connect. The connection will gradually take place during October and November, however apps can also connect at a later stage if national authorities wish so. An ‘onboarding protocol’ has been developed, setting out the necessary steps,” the Commission notes in an Q&A.

The cross-border system for the EU’s apps works via the use of a gateway server, developed and set up by T-Systems and SAP and operated from the Commission’s data centre in Luxembourg, which receives and passes on arbitrary identifiers between national apps.

“No other information than arbitrary keys, generated by the apps, will be handled by the gateway,” the EU notes in a press release. “The information is pseudonymised, encrypted, kept to the minimium, and only stored as long as necessary to trace back infections. It does not allow the identification of individual persons, nor to track location or movement of devices.”

Getting a cross-border system up and running so swiftly across a patchwork of national COVID-19 apps is an achievement for the EU, even as there are ongoing questions about the utility of Bluetooth-based coronavirus exposure notifications in the fight against the spread of the novel coronavirus — with much of Europe now experiencing a second wave of the pandemic.

However EU commissioners suggested today that such apps can be a useful complement to other measures, such as manual contact tracing.

Commenting in a statement, StellaKyriakides, EU commissioner for health and food safety, said: “Coronavirus tracing and warning apps can effectively complement other measures like increased testing and manual contact tracing. With cases on the rise again, they can play an important role to help us break the transmission chains. When working across borders these apps are even more powerful tools. Our gateway system going live today is an important step in our work, and I would call on citizens to make use of such apps, to help protecting each other.”

“Free movement is an integral part of the Single Market — the gateway is facilitating this while helping save lives,” added Thierry Breton, commissioner for the internal market.

News: Are VCs cutting checks in the closing days of the 2020 election?

Before the 2016 election, Vice Ventures founder and general partner Catharine Dockery was bullish about the future of recreational cannabis in the United States. “We saw quite a bit more optimism around national legalization, with the feeling that a wave of states legalizing recreational use would be the final push needed” to see drug reform,

Before the 2016 election, Vice Ventures founder and general partner Catharine Dockery was bullish about the future of recreational cannabis in the United States.

“We saw quite a bit more optimism around national legalization, with the feeling that a wave of states legalizing recreational use would be the final push needed” to see drug reform, she said. It was good news for Dockery, who was planning to launch a firm investing in categories like cannabis, CBD, psychedelics and sextech.

She announced a $25 million fund in June 2019, but the national policy landscape had shifted considerably.

“The vitriol and division around the election really haven’t left room for substantive discussions. I think this will eventually change, but don’t have high hopes for much policy debate until the election is complete, if at all,” she said. “In a time of uncertainty, we’re taking a small step back.”

Along with many VC firms, Vice Ventures has raised the bar regarding which startups it will fund, but several investors told TechCrunch they were split about how they’re making decisions in the closing days of the presidential campaign. After a booming summer, some said momentum is increasing, while others told us that expectations have never been higher for startups.

“If anything, the pace is increasing,” said Alexa Von Tobel of Inspired Capital. Traditionally, she said founders scale back on fundraising efforts close to the winter holidays because investors’ vacation mentality is kicking in. This year, “I think we’ll continue to see founders taking advantage of the ample flow of capital right now and shore up resources so they can enter 2021 on strong footing,” she said.

While that may be good news for founders, Von Tobel said Inspired Capital is not giving too much weight to the election internally.

“We think of ourselves as patient capital, focused on looking for the best companies no matter the timing,” she said. “While we know the election will create noise and have an impact on businesses long-term, it does not have a place in our process right now.”

Inspired Capital invests more broadly in the early-stage environment, which plays a part in its ability to invest through crises and turbulence. It seems that firms that have more niche investment theses have been more likely to change their pace ahead of the election.

News: The OpenStack Foundation becomes the Open Infrastructure Foundation

This has been a long time coming, but the OpenStack foundation today announced that it is changing its name to ‘Open Infrastructure Foundation,” starting in 2021. The announcement, which the foundation made at its virtual developer conference, doesn’t exactly come as a surprise. Over the course of the last few years, the organization started adding

This has been a long time coming, but the OpenStack foundation today announced that it is changing its name to ‘Open Infrastructure Foundation,” starting in 2021.

The announcement, which the foundation made at its virtual developer conference, doesn’t exactly come as a surprise. Over the course of the last few years, the organization started adding new projects that went well beyond the core OpenStack project and renamed its conference to the ‘Open Infrastructure Summit.’ The organization actually filed for the ‘Open Infrastructure Foundation’ trademark back in April.

Image Credits: OpenStack Foundation

After years of hype, the open-source OpenStack project hit a bit of a wall in 2016, as the market started to consolidate. The project itself, which helps enterprises run their private cloud, found its niche in the telecom space, though, and continues to thrive as one of the world’s most active open-source projects. Indeed, I regularly hear from OpenStack vendors that they are now seeing record sales numbers — despite the lack of hype. With the project being stable, though, the Foundation started casting a wider net and added additional projects like the popular Kata Containers runtime and CI/CD platform Zuul.

“We are officially transitioning and becoming the Open Infrastructure Foundation,” long-term OpenStack Foundation executive president Jonathan Bryce told me. “That is something that I think is an awesome step that’s built on the success that our community has spawned both within projects like OpenStack, but also as a movement […], which is [about] how do you give people choice and control as they build out digital infrastructure? And that is, I think, an awesome mission to have. And that’s what we are recognizing and acknowledging and setting up for another decade of doing that together with our great community.”

In many ways, it’s been more of a surprise that the organization waited as long as it did. As the foundation’s COO Mark Collier told me, the team waited because it wanted to sure that it did this right.

“We really just wanted to make sure that all the stuff we learned when we were building the OpenStack community and with the community — that started with a simple idea of ‘open source should be part of cloud, for infrastructure.’ That idea has just spawned so much more open source than we could have imagined. Of course, OpenStack itself has gotten bigger and more diverse than we could have imagined,” Collier said.

As part of today’s announcement, the group is also adding four new members at Platinum tier, its highest membership level: Ant Group, the Alibaba affiliate behind Alipay, embedded systems specialist Wind River, China’s Fiberhome (which was previously a Gold member) and Facebook Connectivity. To become a Platinum member, companies have to contribute $350,000 per year to the foundation and must have at least 2 full-time employees contributing to its projects.

“If you look at those companies that we have as Platinum members, it’s a pretty broad set of organizations,” Bryce noted. “AT&T, the largest carrier in the world. And then you also have a company Ant, who’s the largest payment processor in the world and a massive financial services company overall — over to Ericsson, that does telco, Wind River, that does defense and manufacturing. And I think that speaks to that everybody needs infrastructure. If we build a community — and we successfully structure these communities to write software with a goal of getting all of that software out into production, I think that creates so much value for so many people: for an ecosystem of vendors and for a great group of users and a lot of developers love working in open source because we work with smart people from all over the world.”

The OpenStack Foundation’s existing members are also on board and Bryce and Collier hinted at several new members who will join soon but didn’t quite get everything in place for today’s announcement.

We can probably expect the new foundation to start adding new projects next year, but it’s worth noting that the OpenStack project continues apace. The latest of the project’s bi-annual releases, dubbed ‘Victoria,’ launched last week, with additional Kubernetes integrations, improved support for various accelerators and more. Nothing will really change for the project now that the foundation is changing its name — though it may end up benefitting from a reenergized and more diverse community that will build out projects at its periphery.

News: AMC offers private theater rentals starting at $99, as cinemas continue to struggle

Like countless other sectors of the entertainment industry, movie theaters have been devastated by a global pandemic with seemingly no end in sight. Initial closings stretched on for months, as distributors have delayed their biggest films, or simply cut out the middle man by skipping straight to video-on-demand services. Even as theaters have begun to

Like countless other sectors of the entertainment industry, movie theaters have been devastated by a global pandemic with seemingly no end in sight. Initial closings stretched on for months, as distributors have delayed their biggest films, or simply cut out the middle man by skipping straight to video-on-demand services.

Even as theaters have begun to reopen in some states, actually getting moviegoers back in seats is far easier said than done as fears over catching the highly contagious virus persist. From pop-up drive-ins to popcorn delivery services, some clever individuals have looked toward ways to stay afloat during a prolonged lockdown. A number of locations have also begun offering private theater rentals — a transitional approach that offers movie fans an opportunity to return to the movie-going experience without being surrounded by strangers.

As CNN notes, mega-chain AMC has begun to offer the option through its site, with prices for renting out a theater starting at a surprisingly reasonable $99 (though not in New York, Alaska and Hawaii). Split among ten friends, and you’re already paying less than a normal movie ticket.

Attendees can invite as many as 20 people to a screening, which consists of classic titles like Jurassic Park and Halloween-centric fare like The Nightmare Before Christmas. Prices go up from there. New titles like Tenet and The New Mutants, cost up to $349 for a single screening. The former, helmed by blockbuster director Christopher Nolan, was set to be a kind of litmus test for moviegoers’ willingness to return to theaters.

After months of delays, however, Warner Bros. took the relatively rare step of releasing the film internationally first, as the U.S. has continued to struggle with the spread of COVID-19. The United States on-going struggles have also recently allowed China to overtake the country as the world’s largest box office. Over the summer, AMC noted that it had “substantial doubt” it would be able to withstand the pandemic.

News: Apple launches a U.S.-only music video station, Apple Music TV

Apple is expanding its investment in music with today’s launch of “Apple Music TV.” The new music video station offers a free, 24-hour livestream of popular music videos and other music content, including, exclusive video premieres, curated music video blocks, live shows, fan events, chart countdowns and guest appearances. The service doesn’t have its own

Apple is expanding its investment in music with today’s launch of “Apple Music TV.” The new music video station offers a free, 24-hour livestream of popular music videos and other music content, including, exclusive video premieres, curated music video blocks, live shows, fan events, chart countdowns and guest appearances.

The service doesn’t have its own dedicated app, but is instead offered as a new feature within two of Apple’s existing entertainment apps. At launch, you can watch Apple Music TV from within the Browse tab of either the Apple Music app or the Apple TV app. (Accessible via apple.co/AppleMusicTV).

While Apple Music is a paid subscription service, Apple Music TV will be free to users in the U.S., the company says.

To kick off its launch, Apple Music TV today began with a countdown of the top 100 most-streamed songs ever across all of Apple Music, based on U.S. data.,

During brief tests of the new service, we found it to be a fairly basic (if uncensored) experience. The video stream only offered artist and song details at the beginning, instead of as the music played. It also didn’t take advantage of the integration with Apple Music to offer additional features to paying subscribers — like being able to favorite the song or add it to a playlist, for instance.

The stream would stop when the Apple Music app was closed, as it didn’t support background play.

Image Credits: Apple

There also weren’t any on-screen tools to share what you were watching via a social media post. You had to dig to find the “share” button under the three-dot, “more” menu. This would give you a link to tweet, but wouldn’t pre-fill it with text or hashtags, like the artist name or song.

While listening, you could stop the livestream and then return after a short pause. But after a bit, the stream would disconnect and the thumbnail of the paused music video reverts to the placeholder Apple Music TV image. When live, the text and icons will be shown in red. They revert to white when you’ve disconnected, as a visual cue.

Despite its simplicity, Apple Music TV gives Apple an immediate new home for its music-related original content, which over the years has included exclusive interviews, concert films, and more. It also provides Apple with another advantage with it goes to negotiate with artists for their premieres, as it introduces additional platform for reaching an artist’s fans — not only with the premiere itself, but by offering artists blocks of airtime leading up to their next debut that they can use to promote their releases.

The new station can also leverage content produced for the Apple Music 1 (formerly Beats 1) radio station, as it goes about running these promotions.

For example, on Thursday, October 22, Apple Music TV will promote the upcoming release of Bruce Springsteen’s “Letter to You” with music video blocks featuring his greatest videos, plus as exclusive interview with Zane Lowe, and a special livestream fan event.

Fridays, meanwhile, will focus on new music. This Friday, October 23, at 9 AM PT Apple Music TV will showcase two new exclusive video premieres – Joji’s “777” and SAINt JHN’s “Gorgeous.”

Apple Music TV’s biggest advantage, of course, is the fact that it’s freely accessible to millions of Apple device owners.

But it may struggle for traction as it lacks the features that make other livestream fan events or premieres engaging — like group chats or direct interactions with creators.

Instead, it’s more like a traditional TV broadcast — even MTV-like — compared with other online destinations where artists today connect with fans and promote their albums, like YouTube, VEVO, or more recently, Facebook, which just this year launched music videos.

Apple didn’t say if it planned to expand the new station outside the U.S.

News: Pimloc gets $1.8M for its AI-based visual search and redaction tool

UK-based Pimloc has closed a £1.4 million (~$1.8M) seed funding round led by Amadeus Capital Partners. Existing investor Speedinvest and other unnamed shareholders also participated in the round. The 2016-founded computer vision startup launched a AI -powered photo classifier service called Pholio in 2017 — pitching the service as a way for smartphone users to reclaim

UK-based Pimloc has closed a £1.4 million (~$1.8M) seed funding round led by Amadeus Capital Partners. Existing investor Speedinvest and other unnamed shareholders also participated in the round.

The 2016-founded computer vision startup launched a AI -powered photo classifier service called Pholio in 2017 — pitching the service as a way for smartphone users to reclaim agency over their digital memories without having to hand their data over to cloud giants like Google.

It has since pivoted to position Pholio as a “specialist search and discovery platform” for large image and video collections and live streams (such as those owned by art galleries or broadcasters) — and also launched a second tool powered by its deep learning platform. This product, Secure Redact, offers privacy-focused content moderation tools — enabling its users to find and redact personal data in visual content.

An example use-case it gives is for law enforcement to anonymize bodycam footage so it can be repurposed for training videos or prepared for submitting as evidence.

Pimloc has been working with diverse image and video content for several years supporting businesses with a host of classification, moderation and data protection challenges (image libraries, art galleries, broadcasters and CCTV providers),” CEO Simon Randall tells TechCrunch.

“Through our work on the visual privacy side we identified a critical gap in the market for services that allow businesses and governments to manage visual data protection at scale on security footage. Pimloc has worked in this area for a couple of years building capability and product, as a result Pimloc has now focussed the business solely around this mission.”

Secure Redact has two components: A first (automated) step that detects personal data (e.g. faces, heads, bodies) within video content. On top of that is what Randall calls a layer of “intelligent tools” — letting users quickly review and edit results.

“All detections and tracks are auditable and editable by users prior to accepting and redacting,” he explains, adding: “Personal data extends wider than just faces into other objects and scene content including ID cards, tattoos, phone screens (body worn cameras have a habit of picking up messages on the wearer’s phone screen as they are typing, or sensitive notes on their laptop or notebook).”

One specific user of redaction the tool he mentions is the University of Bristol. There a research group, led by Dr Dima Damen, an associate professor in computer vision, is participating in an international consortium of 12 universities which is aiming to amass the largest dataset on egocentric vision — and needs to be able to anonymise the video data set before making it available for academic/open source use.

On the legal side, Randall says Pimloc offers a range of data processing models — thereby catering to differences in how/where data can be processed. “Some customers are happy for Pimloc to act as data processor and use the Secure Redact SaaS solution — they manage their account, they upload footage, and can review/edit/update detections prior to redaction and usage. Some customers run the Secure Redact system on their servers where they are both data controller and processor,” he notes.

“We have over 100 users signed up for the SaaS service covering mobility, entertainment, insurance, health and security. We are also in the process of setting up a host of on-premise implementations,” he adds.

Asked which sectors Pimloc sees driving the most growth for its platform in the coming years, he lists the following: smart cities/mobility platforms (with safety/analytics demand coming from the likes of councils, retailers, AVs); the insurance industry, which he notes is “capturing and using an increasing amount of visual data for claims and risk monitoring” and thus “looking at responsible systems for data management and processing”; video/telehealth, with traditional consultations moving into video and driving demand for visual diagnosis; and law enforcement, where security goals need to be supported by “visual privacy designed in by default” (at least where forces are subject to European data protection law).

On the competitive front, he notes that startups are increasingly focusing on specialist application areas for AI — arguing they have an opportunity to build compelling end-to-end propositions which are harder for larger tech companies to focus on.

For Pimlock specifically he argues it has an edge in its particular security-focused niche — given “deep expertise” and specific domain experience.

“There are low barriers to entry to create a low quality product but very high technical barriers to create a service that is good enough to use at scale with real ‘in the wild’ footage,” he argues, adding: The generalist services of the larger tech players do not match-up with domain specific provisions of Pimloc/Secure Redact. Video security footage is a difficult domain for AI, systems trained on lifestyle/celebrity or other general data sets perform poorly on real security footage.”

Commenting on the seed funding in a statement, Alex van Someren, MD of Amadeus Capital Partners, said: “There is a critical need for privacy by design and large-scale solutions, as video grows as a data source for mobility, insurance, commerce and smart cities, while our reliance on video for remote working increases. We are very excited about the potential of Pimloc’s products to meet this challenge.”

“Consumers around the world are rightfully concerned with how enterprises are handling the growing volume of visual data being captured 24/7. We believe Pimloc has developed an industry leading approach to visual security and privacy that will allow businesses and governments to manage the usage of visual data whilst protecting consumers. We are excited to support their vision as they expand into the wider Enterprise and SaaS markets,” added Rick Hao, principal at Speedinvest, in another supporting statement.

News: Mobile by Peak Design is a new, complete mobile mounting solution for everyday convenience

After a steady stream of successful product launches and Kickstarter campaigns, Peak Design is back with a new one – Mobile by Peak Design. The startup that created a rich ecosystem of photography and packing gear is tackling mobile devices next, and has devices a clever interconnect system that seems to have anticipated Apple’s new

After a steady stream of successful product launches and Kickstarter campaigns, Peak Design is back with a new one – Mobile by Peak Design. The startup that created a rich ecosystem of photography and packing gear is tackling mobile devices next, and has devices a clever interconnect system that seems to have anticipated Apple’s new MagSafe magnetic phone accessory scheme – but that’s designed for all smartphones and mobile devices.

Similar to Peak Design’s Capture, Anchor and mounting plate system, Mobile by Peak Design offers a way to connect smartphones to all kinds of accessories, including tripods, car mounts, charging stands, bike handlebars and much more. The system is entered around what Peak calls its “SlimLink” connector, which is a clever combo magnetic and physical mounting receiver that you can attach to your phone either with dedicated cases, or a universal sticky-backed accessory. SlimLink then works with both soft-lock and hard-lock accessories, which use either magnets alone (soft) or magnets combined with physical catchments (hard) for varying degrees of stable connection with a line of mounts.

Peak Design is launching on Kickstarter with a crowdfunding campaign, but the product is already designed and produced to a high level of quality. It sent out media samples of a range of products in the Mobile lineup, including a SlimLink universal phone mount, a handlebar mount, the folding tripod, two magnetic/stick-backed universal mounting pads, and an in-car dashboard mount.

I’ve been using these for the past couple of weeks and have found them to be incredibly versatile and convenient. Peak also supplied an iPhone 11 Pro case, but since I’m using an iPhone 11 Pro Max, I just affixed the 3M-backed universal plate directly to my phone using the included sizing and alignment guide. The attachment is incredibly secure, and doesn’t add very much thickness to your phone at all (it basically provides just enough clearance that the iPhone 11 Pro’s camera bump barely clears table surfaces).

The magnetic connection between it and the ‘soft-lock’ mounts is strong enough that I’m never worried about them coming loose – I’ve used the general purpose magnetic mounts on my fridge often, and the phone hasn’t moved. The bike mount, with its additional physical prongs, is rock solid while actually biking around, and the arm on the mount puts the phone is a great position for acting as a navigation device while biking around, in both portrait and landscape orientations.

Peak has really outdone itself with the design of this system, but that is maybe most true when it comes to the tripod. The clever, three-legged folding design is tiny – smaller overall footprint than a credit card, though a bit thicker – and it’s amazing to be able to carry this everywhere in a pocket and have a stable platform for taking time-lapse photos. You can adjust its stability using the included Allen key, too.

The car mount has an adhesive backing for sticking to your dashboard, and fits in the recessed SlimLink slot on the phone mount/case without physically catching. It’s stable and secure in testing, and best of all, Peak has made the adjustable ball that lets you orient your phone just the right amount of stiff that you can move it but it doesn’t require any additional tightening. My one complaint thus far with the universal mount has been that it isn’t compatible with my Nomad Base Station Pro charger, though Peak says it’s testing the accessory with wireless chargers and will advise as to compatibility in future. The Peak Everyday phone case, meanwhile, is compatible with many Qi chargers.

Peak says these designs are subject to change, and of course, MagSafe was a surprise to the company just as it was to the rest of the world. Peak still plans to create iPhone 12 cases for the range, and says that all of its soft-locking accessories will also work with both Apple MagSafe phones, as well as MagSafe cases. Apple MagSafe accessories, like the wallet, will also likewise attach to MagSafe phones.

This could’ve been one of those moments where Apple announces something that renders a competing product obsolete before it even gets to market, but Peak’s Mobile system design actually makes them complimentary – and provides very similar benefits to phones and devices that otherwise would’ve have been able to take advantage of what MagSafe offers.

The Kickstarter campaign launches today, and Peak believes it will be able to ship the Mobile system cases and accessories starting in Spring 2021.

News: Equity Monday: Three neat venture rounds, and Alibaba’s latest

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest big news, chats about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines.

This is Equity Monday, our weekly kickoff that tracks the latest big news, chats about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here and myself here — and don’t forget to check out last Friday’s episode.

  • American equities are set to rise, which is good news for the startup-VC world as it means that the current up-cycle will continue. But the good public market is not landing evenly, as Europe sees its VC-backed IPO tally lag the rest of the world.
  • The biggest recent news stories in tech and venture were Alibaba’s enormous Sun Art deal that echoes the Amazon-Whole Foods deal at first blush, and SpaceX’s latest success. The quiet weekend could herald the return of a slower, holiday news cycle as we close in on November.

On the funding front, we found three super cool startups:

  • AiFi raised $14.5 million in a round that Crunchbase News covered. Autonomous, checkout-free stores? Count us in.
  • Lawmatics raised a $2.5 million Seed round. The startup does vertical SaaS (CRM, marketing) for lawyers. That just sounds lucrative.
  • And then there was Chiper, which put together a $12 million round to help build out its ecommerce service in Latin America. Investors Monashees, Kaszek Ventures, and WIND Ventures put the money up.

And to close we took a look at some Q3 2020 data from CBInsights and Crunchbase News.

That’s all we got. The show is back in just a few days. Hugs!

Equity drops every Monday at 7:00 a.m. PT and Thursday afternoon as fast as we can get it out, so subscribe to us on Apple PodcastsOvercastSpotify and all the casts.

News: Facebook introduces a new Messenger API with support for Instagram

Following the updates to Instagram and Messenger that delivered cross-app communication and other features, Facebook today announced its Messenger API has also been updated to allow businesses to manage their communications across Instagram, in addition to Messenger . Before today, businesses could only respond to customer inquiries through the Instagram app and through Facebook’s unified

Following the updates to Instagram and Messenger that delivered cross-app communication and other features, Facebook today announced its Messenger API has also been updated to allow businesses to manage their communications across Instagram, in addition to Messenger .

Before today, businesses could only respond to customer inquiries through the Instagram app and through Facebook’s unified business inbox. This could work for some smaller businesses, but for larger brands with a high volume of messages, it could be difficult to be efficient this way.

The update means businesses will be able to now also integrate Instagram messaging into the applications and workflows they’re already using in-house to manage their Facebook conversations. Specifically, they’ll be able to use rich media — like photos, URL links and more — and work with developers to integrate the API with their product and customer databases to provide the same experience on Instagram as they do today on Messenger.

For example, a business with a CRM system integration would be able to view the customer loyalty information and take that into account when they respond.

Businesses using the API can also manage their Instagram presence, including their Profile, Shops and Stories, Facebook says.

Image Credits: Facebook

The change comes at a time when Instagram is pushing Shopping as a core activity on Instagram, and follows the launch of Instagram shops and visual changes to the app to highlight shopping features.

According to Facebook, daily conversations between people and businesses on Messenger and Instagram combined grew over 40% over the last year.

With the launch of the new API, Facebook is also introducing new features on Instagram that will allow businesses to respond immediately to common questions using automation, while still offering to connect customers to live support, if needed. An alpha test with partner Clarabridge on this feature indicated that client brands improved response rates on Instagram by up to 55% by managing DMs through its platform.

The updated Messenger API is launching into beta testing with businesses like Adidas, Amaro, Glossier, H&M, MagazineLuiza, Michael Kors, Nars, Sephora and TechStyle Fashion Group, among other consumer brands. The beta is also open to a limited number of developer partners. Today, other businesses and developers can join a waitlist to request access to the API post-beta.

Cross-app communication, a key part of the recent Instagram and Messenger update, is not available in the API at launch, however. For now, the messages will appear a brand’s Messenger or Instagram tab depending on where their customers are messaging from. However, Facebook confirmed it plans to “eventually” bring cross-app communication to businesses and developers in a later update.

News: Google Cloud launches Lending DocAI, its first dedicated mortgage industry tool

Google Cloud today announced the launch of Lending DocAI, its first dedicated service for the mortgage industry. The tool, which is now in preview, is meant to help mortgage companies speed up the process of evaluating a borrower’s income and asset documents, using specialized machine learning models to automate routine document reviews. Some of this

Google Cloud today announced the launch of Lending DocAI, its first dedicated service for the mortgage industry. The tool, which is now in preview, is meant to help mortgage companies speed up the process of evaluating a borrower’s income and asset documents, using specialized machine learning models to automate routine document reviews.

Some of this may sound familiar, because, with Document AI, Google Cloud already offers a more general tool for performing OCR over complex documents and then extracting data from those. Lending DocAI is essentially the first vertically specialized Google Cloud service to use this technology.

“Our goal is to give you the right tools to help borrowers and lenders have a better experience and to close mortgage loans in shorter time frames, benefiting all parties involved,” writes Google product manager Sudheera Vanguri. “With Lending DocAI, you will reduce mortgage processing time and costs, streamline data capture, and support regulatory and compliance requirements.”

Google argues that its tool will have speed up the mortgage workflow process and improve the experience for borrowers, too. If you’ve ever gone through the mortgage process, you know how much time it takes to compile all of the necessary documents and how much lag there is before your bank or mortgage broker tells you that everything is in order (or not).

In addition, Google Cloud also argues that this technology can help “reduce risk and enhance compliance posture by leveraging a technology stack (e.g. data access controls and transparency, data residency, customer managed encryption keys) that reduces the risk of implementing an AI strategy.”

In many ways, this new product is a good example for Google Cloud’s current strategy under the leadership of its CEO Thomas Kurian. While it continues to develop a plethora of general services for developers at every level, it now also bundles these together to sell as complete solutions to enterprises in various verticals. That’s where Google Cloud believes it can generate the most benefit for these companies — and hence generate the most revenue. With industry solutions for retailers, telcos, gaming companies and more — and industry partners to help them get up to speed — Kurian and his team believe that they can offer solutions while its competitors focus on offering tools. So far, that strategy seems to be working out alright, with Google Cloud’s revenue growing over 43 percent in the last quarter.

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