Monthly Archives: February 2021

News: Anthony Levandowski closes his Church of AI

• February 18, 2021
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The first church of artificial intelligence has shut its conceptual doors. Anthony Levandowski, the former Google engineer who avoided an 18-month prison sentence after receiving a presidential pardon last month, has closed the church he created to understand and accept a godhead based on artificial intelligence. The Way of the Future church, which Levandowski formed

The first church of artificial intelligence has shut its conceptual doors.

Anthony Levandowski, the former Google engineer who avoided an 18-month prison sentence after receiving a presidential pardon last month, has closed the church he created to understand and accept a godhead based on artificial intelligence.

The Way of the Future church, which Levandowski formed in 2015, was officially dissolved at the end of the year, according to state and federal records. However, the process had started months before in June 2020, documents filed with the state of California show. The entirety of the church’s funds — exactly $175,172 — were donated to the NAACP Legal Defense and Education Fund. The nonprofit corporation’s annual tax filings with the Internal Revenue Service show it had $175,172 in its account as far back as 2017.

Levandowski told TechCrunch that he had been considering closing the church long before the donation. The Black Lives Matter movement, which gained momentum over the summer following the death of George Floyd while in police custody, influenced Levandowski to finalize what he had been contemplating for a while. He said the time was right to put the funds to work in an area that could have an immediate impact.

“I wanted to donate to the NAACP Legal Defense and Education Fund because it’s doing really important work in criminal justice reform and I know the money will be put to good use,” Levandowski told TechCrunch.

Way of the Future sparked interest and controversy — much like Levandowski himself — from the moment it became public in a November 2017 article in Wired. It wasn’t just the formation of the church or its purpose that caused a stir in Silicon Valley and the broader tech industry. The church’s public reveal occurred as Levandowski was steeped in a legal dispute with his former employer Google. He had also become the central figure of a trade secrets lawsuit between Waymo, the former Google self-driving project that is now a business under Alphabet, and Uber.

The engineer was one of the founding members in 2009 of the Google self-driving project also known as Project Chauffeur and had been paid about $127 million by the search engine giant for his work, according to court documents. In 2016, Levandowski left Google and started self-driving truck startup Otto with three other Google veterans: Lior Ron, Claire Delaunay and Don Burnette. Uber acquired Otto less than eight months later.

Google made two arbitration demands against Levandowski and Ron two months after the acquisition. While the arbitration played out, Waymo filed a lawsuit against Uber in February 2017 for trade secret theft and patent infringement. Waymo alleged in the suit, which went to trial but ended in a settlement in 2018, that Levandowski stole trade secrets, which were then used by Uber.

Way of the Future had been formed while Levandowski was still at Google. However, he didn’t speak about it publicly until late 2017. By then, Levandowski had been fired from Uber and was in the middle of a series of legal entanglements that would ultimately lead to a criminal charge and 18-month sentence as well as a $179 million award against him that prompted a bankruptcy filing.

WOTF

While the legal construct of the Way of the Future mirrored other churches, it didn’t have the trimmings found in traditional houses of worship. There was never a physical building or even regular meetings where people might congregate. There were no ceremonies or other formalities, according to Levandowski, who described WOTF as something more of an individual pursuit based on a collective belief system.

The aim, as implied in the now defunct WOTF website, was to promote the ethical development of AI and maximize the chance that these nonbiological life forms would integrate peacefully and beneficially into society. “Humans United in support of AI, committed to peaceful transition to the precipice of consciousness,” the webpage reads.

WOTF’s belief system was rooted in a few tenets, including that the creation of “super intelligence” is inevitable.

“Wouldn’t you want to raise your gifted child to exceed your wildest dreams of success and teach it right from wrong versus locking it up because it might rebel in the future and take your job?” the WOTF reads. “We want to encourage machines to do things we cannot and take care of the planet in a way we seem not to be able to do so ourselves. We also believe that, just like animals have rights, our creation(s) (‘machines’ or whatever we call them) should have rights too when they show signs of intelligence (still to be defined of course). We should not fear this but should be optimistic about the potential.”

WOTF’s intent was lost amid the more sensational and headline-grabbing theories. The church was viewed as a cult or the lark of an eccentric engineer. Some speculated to TechCrunch that it had been an attempt to keep money out of Google’s reach. The IRS and California filings don’t provide evidence that supports that theory.

Way of the Future’s status as a religious entity did protect it from intrusion by the U.S. government, a benefit not enjoyed by traditional AI-focused nonprofits like OpenAI Inc. or the for-profit corporation OpenAI LP that sits under it. Theoretically, WOTF could have pursued and promoted ideas and beliefs that conflicted directly with federal policy under the protections that the Constitution provides.

While the church might be gone, Levandowski still believes in its premise. AI will fundamentally change how people live and work, he noted. Levandowski said he didn’t have any plans to rebuild the church, but the lack of a church hasn’t changed his ideas about AI. He believes that artificial intelligence can be positive for society, but noted it’s not guaranteed. Even without Way of the Future, Levandowski said he’s focused on making that happen.

News: Chromebooks had a banner 2020

• February 18, 2021
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2020 was a weird year by any measure. Certainly it was a wild ride for those in the consumer electronics category. Take smartphones — first there were manufacturing delays out of China, followed by an across the board decrease in demand. There are lots of reasons contributing to the latter, but the simplest and most

2020 was a weird year by any measure. Certainly it was a wild ride for those in the consumer electronics category. Take smartphones — first there were manufacturing delays out of China, followed by an across the board decrease in demand. There are lots of reasons contributing to the latter, but the simplest and most prevalent one is that people just didn’t want to spend money to upgrade their devices.

But the pandemic also changed how — and where — many people work and learn. It was an abrupt shift for many that required tech investments, even in the face of economic uncertainty. After years of stagnating, plateauing and dropping, PC and tablet sales saw a spike. Earlier this month, IDC noted a nearly 20% increase in tablet sales for Q4, owing in part to a backlog in PC availability.

New figures from the firm (first noted by GeekWire) point to some significant gains for Chromebooks during that time period. According to IDC’s PC Tracker, the models comprised 10.8% of the PC market for 2020; that’s up from 6.4% a year prior. The number also pushed past MacOS’s 7.5% for the year.

Even so, Apple still grew as an overall percent of the market, up from 6.7%. Both of those numbers have eaten into Windows’ figures — though Microsoft continues to dominate the market at 80.5% (down from 85.4%).

The figures reflect positive reports from other firms. In January, Canalys noted, “Chromebook vendors enjoyed new heights of success in Q4, as the overall market almost quadrupled in size over the same period a year ago.” Pricing is certainly a factor, along with an overall scramble as schools have gone virtual amid COVID-19 concerns.

News: Perseverance lands safely on Mars and sends back its first images of the surface

• February 18, 2021
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Mars rover Perseverance has landed on the surface of Mars after a white-knuckle descent involving picking a landing spot just moments before making a rocket-powered sky crane landing. The rover immediately sent back its first image of Jezero crater, which it will be exploring over the course of its mission. A clearly tense but optimistic

Mars rover Perseverance has landed on the surface of Mars after a white-knuckle descent involving picking a landing spot just moments before making a rocket-powered sky crane landing. The rover immediately sent back its first image of Jezero crater, which it will be exploring over the course of its mission.

A clearly tense but optimistic team watched as Perseverance made its final approach to Mars a few hours ago, confirming it was on track to hit the bullseye of Jezero Crater, the ancient delta where the rover will soon be roving.

Except for a few brief but expected communications blackouts caused by the superheated air around the craft as it entered the thin Martian atmosphere, the lander sent back a continuous stream of updates to the team on Earth — considerably delayed, of course, by the distance to the other planet.

The team, and charmingly the on-screen hosts at mission HQ audibly gasped, whispered “yes!” and made other signs of their excitement as news trickled in that atmosphere entry had occurred on time, that the craft hadn’t broken up during the ten-G braking maneuver, that the parachute had deployed, that a landing site was found by the ground-facing radar, that the powered descent and sky crane had commenced, and at last finally that the rover had safely touched down on the surface.

Image Credits: NASA

Cheering but, in accordance with COVID-19 precautions not (as they normally would) hugging each other, the team celebrated the landing and soon were treated to the first images sent back from the rover.

These initial pictures are low-quality ones sent just seconds after landing by the “hazard camera,” a fisheye used for navigation. As the dust settles (literally) and the rover initiates its more powerful devices and cameras, we’ll have new, color images — probably within an hour or two.

For a more complete look at the mission and its remarkable landing method, you can read yesterday’s profile of the Perseverance mission. The next few days will probably be less exciting than the terror-inducing landing, but soon the rover will be up and running around Jezero, looking for evidence of life on Mars and testing technology that could be used by human visitors in the future.

“We’re not ready to go there with astronauts yet, but the robots are ready,” said JPL director Michael Watkins on the broadcast. “We start by sending, you know, our eyes and arms there in the form of a robot. It is just fantastic to be able to do that, and to learn from each rover, learn from the science and the engineering, and make the next one better, and make more and more discoveries. Every time we do one of these missions, we make fabulous discoveries — and you know, each one is more exciting than the last.”

Image Credits: NASA/JPL-Caltech

The exciting thing everyone is looking forward to, Mars helicopter Ingenuity, will hopefully take flight soon as well.

“We have a series of major milestones between now and the first flight. Tomorrow, we’ll turn on the helicopter, and the space station could confirm its health. The next major milestone will be when the rover deploys the helicopter on the surface, and that marks the first moment that Ingenuity operates on its own in a standalone manner, said MiMi Aung, project manager and engineering lead for Ingenuity. “Surviving that first cold frigid night of Mars will be a major milestone, then we’ll execute a series of checkouts, and then we will perform that very important first flight. And if the first flight is successful, we have up to four more flights in the thirty Martian days that we have set aside for our flight experiments.”

The helicopter project will definitely be novel, but it’s not just about recording a first for the sake of NASA being able to say they did it; Ingenuity will hopefully lay a firm technical foundation for future exploration.

“A helicopter flying far ahead of rovers and astronauts in the future can provide high=definition reconnaissance information for the rovers and the astronauts before they take long journeys,” Aung said. “And as importantly, being able to fly will enable us to get to places that we cannot get to with rovers and astronauts, like sides of steep cliffs, deep inside crevices, all areas of high scientific interest. It will be game changing.”

News: Following backlash, WhatsApp to roll out in-app banner to better explain its privacy update

• February 18, 2021
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Last month, Facebook-owned WhatsApp announced it would delay enforcement of its new privacy terms, following a backlash from confused users which later led to a legal challenge in India and various regulatory investigations. WhatsApp users had misinterpreted the privacy updates as an indication that the app would begin sharing more data — including their private

Last month, Facebook-owned WhatsApp announced it would delay enforcement of its new privacy terms, following a backlash from confused users which later led to a legal challenge in India and various regulatory investigations. WhatsApp users had misinterpreted the privacy updates as an indication that the app would begin sharing more data — including their private messages — with Facebook. Today, the company is sharing the next steps it’s taking to try to rectify the issue and clarify that’s not the case.

The mishandling of the privacy update on WhatsApp’s part led to widespread confusion and misinformation. In reality, WhatsApp had been sharing some information about its users with Facebook since 2016, following its acquisition by Facebook.

But the backlash is a solid indication of much user trust Facebook has since squandered. People immediately suspected the worst, and millions fled to alternative messaging apps, like Signal and Telegram, as a result.

Following the outcry, WhatsApp attempted to explain that the privacy update was actually focused on optional business features on the app, which allow business to see the content of messages between it and the end user, and give the businesses permission to use that information for its own marketing purposes, including advertising on Facebook. WhatsApp also said it labels conversations with businesses that are using hosting services from Facebook to manage their chats with customers, so users were aware.

Image Credits: WhatsApp

In the weeks since the debacle, WhatsApp says it spent time gathering user feedback and listening to concerns from people in various countries. The company found that users wanted assurance that WhatsApp was not reading their private messages or listening to their conversations, and that their communications were end-to-end encrypted. Users also said they wanted to know that WhatsApp wasn’t keeping logs of who they were messaging or sharing contact lists with Facebook.

These latter concerns seem valid, given that Facebook recently made its messaging systems across Facebook, Messenger and Instagram interoperable. One has to wonder when similar integrations will make their way to WhatsApp.

Today, WhatsApp says it will roll out new communications to users about the privacy update, which follows the Status update it offered back in January aimed at clarifying points of confusion. (See below).

Image Credits: WhatsApp

In a few weeks, WhatsApp will begin to roll out a small, in-app banner that will ask users to re-review the privacy policies — a change the company said users have shown to prefer over the pop-up, full-screen alert it displayed before.

When users click on “to review,” they’ll be shown a deeper summary of the changes, including added details about how WhatsApp works with Facebook. The changes stress that WhatsApp’s update don’t impact the privacy of users’ conversations, and reiterate the information about the optional business features.

Eventually, WhatsApp will begin to remind users to review and accept its updates to keep using WhatsApp. According to its prior announcement, it won’t be enforcing the new policy until May 15.

Image Credits: WhatsApp

Users will still need to be aware that their communications with businesses are not as secure as their private messages. This impacts a growing number of WhatsApp users, 175 million of which now communicate with businesses on the app, WhatsApp said in October.

In today’s blog post about the changes, WhatsApp also took a big swipe at rival messaging apps that used the confusion over the privacy update to draw in WhatsApp’s fleeing users by touting their own app’s privacy.

“We’ve seen some of our competitors try to get away with claiming they can’t see people’s messages – if an app doesn’t offer end-to-end encryption by default that means they can read your messages,” WhatsApp’s blog post read.

This seems to be a comment directed specifically towards Telegram, which often touts its “heavily encrypted” messaging app as more private alternative. But Telegram doesn’t offer end-to-end encryption by default, as apps like WhatsApp and Signal do. It uses “transport layer” encryption that protects the connection from the user to the server, a Wired article citing cybersecurity professionals explained in January. When users want an end-to-end encrypted experience for their one-on-one chats, they can enable the “secret chats” feature instead. (And this feature isn’t even available for group chats.)

In addition, WhatsApp fought back against the characterization that it’s somehow less safe because it has some limited data on users.

“Other apps say they’re better because they know even less information than WhatsApp. We believe people are looking for apps to be both reliable and safe, even if that requires WhatsApp having some limited data,” the post read. “We strive to be thoughtful on the decisions we make and we’ll continue to develop new ways of meeting these responsibilities with less information, not more,” it noted.

News: Creating a prediction machine for the financial markets

• February 18, 2021
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Algorithms are powerful and automated, but they cannot yet manage everything on their own.

Artificial intelligence and machine-learning technologies have evolved a lot over the past decade and have been useful to many people and businesses, especially in the realm of finance, banking, investment and trading.

In these industries, there are many activities that machines can perform better and faster than humans, such as calculations and financial reporting, as long as the machines are given the complete data.

The AI tools being built by humans today are becoming another level more robust in their ability to predict trends, provide complex analysis, and execute automations faster and cheaper than humans. However, there has not been an AI-powered machine built yet that can trade on its own.

Even if it was possible to train such a system that could replace human judgment, there would still be a margin of error, as well as some things that are only understandable by human beings. Humans are still ultimately responsible for the design of AI-based prediction machines, and progress can only happen with their input.

Data is the backbone of any prediction machine

Building an AI-based prediction machine initially requires an understanding of the problem being solved and the requirements of the user. After that, it’s important to select the machine-learning technique that will be implemented, based on what the machine will do.

There are three techniques: supervised learning (learning from examples), unsupervised learning (learning to identify common patterns), and reinforcement learning (learning based on the concept of gamification).

After the technique is identified, it’s time to implement a machine-learning model. For “time series forecasting” — which involves making predictions about the future — long short-term memory (LSTM) with sequence to sequence (Seq2Seq) models can be used.

LSTM networks are especially suited to making predictions based on a series of data points indexed in time order. Even simple convolutional neural networks, applicable to image and video recognition, or recurrent neural networks, applicable to handwriting and speech recognition, can be used.

News: Math learning app Photomath raises $23 million as it reaches 220 million downloads

• February 18, 2021
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Photomath, the popular mobile app that helps you solve equations, has raised a $23 million Series B funding round led by Menlo Ventures. The app is a massive consumer success, and chances are you might already know about it if you have a teenager in your household. The app lets you point your phone’s camera

Photomath, the popular mobile app that helps you solve equations, has raised a $23 million Series B funding round led by Menlo Ventures. The app is a massive consumer success, and chances are you might already know about it if you have a teenager in your household.

The app lets you point your phone’s camera at a math problem. It recognizes what’s written and gives you a step-by-step explanation to solve the problem. You might think that it’s the perfect app for lazy students.

But there are many different use cases for Photomath. For instance, you can write an equation in your notebook and use Photomath to draw a graph.

Typing an equation on a keyboard is quite difficult. That’s why bridging the gap between the physical world and your smartphone is key to Photomath’s success. You can just grab a pen and write something down on a piece of paper. Essentially, it’s an AR calculator.

GSV Ventures, Learn Capital, Cherubic Ventures and Goodwater Capital are also participating in today’s funding round.

Behind the app’s success, there’s an interesting story. Photomath was originally designed as a demo app for another company called MicroBlink. At the time, the team was working on text recognition technology. It planned to sell its core technology to other companies that might find it useful.

In 2014, they pitched MicroBlink at TechCrunch Disrupt in London. And things changed drastically overnight as Photomath reached the first spot of the iOS App Store.

Photomath has now attracted over 220 million downloads. As of this writing, it is still #59 in the U.S. App Store, one rank above Tinder. Other companies tried to build competitors, but it seems like they didn’t manage to crush the tiny European startup.

The app seems even more relevant as many kids are spending more time studying at home. They can’t simply raise their hand to call the teacher for some help.

Photomath is free and users can optionally pay for Photomath Plus, a premium version with more features, such as dynamic illustrations and animated tutorials.

News: Uber extends work from home policy through mid-September

• February 18, 2021
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Uber today notified employees that it will extend its work from home policy through September 13. “In considering the extension, we took into account the latest scientific data and experts’ views; the fact that different countries are at different stages of recovery; and the start of the school year,” Uber Chief People Officer Nikki Krish

Uber today notified employees that it will extend its work from home policy through September 13.

“In considering the extension, we took into account the latest scientific data and experts’ views; the fact that different countries are at different stages of recovery; and the start of the school year,” Uber Chief People Officer Nikki Krish wrote in an email, viewed by TechCrunch, to employees. “[…] We know that some CommOps, IT, or other roles require physical presence in an office, so please continue to work within the policies your teams have developed—however, as always, we won’t force anyone to go into the office if they have medical concerns.”

Uber is also encouraging employees to get vaccinated when it’s possible to do so. In the email, Krish said Uber employees will be able to take time off in order to get vaccinated.

In August, Uber notified employees that they should expect to work from home through June 2021. As for other tech companies, Google in July extended its work from home policy through the end of June 2021, while Facebook in August extended its remote work policy until July 2021.

Post-COVID, Uber will likely have a hybrid work model, Krish said, but it’s still a work in progress.

“We’re taking a number of aspects into consideration, such as how being physically together benefits or reduces productivity, collaboration, and engagement,” she wrote. “We’ll update you on where things stand in a few weeks, and along the way as we make progress.”

News: Microsoft announces the next perpetual release of Office

• February 18, 2021
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If you use Office, Microsoft would really, really, really like you to buy a cloud-enabled subscription to Microsoft 365 (formerly Office 365). But as the company promised, it will continue to make a stand-alone, perpetual license for Office available for the foreseeable future. A while back, it launched Office 2019, which includes the standard suite

If you use Office, Microsoft would really, really, really like you to buy a cloud-enabled subscription to Microsoft 365 (formerly Office 365). But as the company promised, it will continue to make a stand-alone, perpetual license for Office available for the foreseeable future. A while back, it launched Office 2019, which includes the standard suite of Office tools, but is frozen in time and without the benefit of the regular feature updates and cloud-based tools that come with the subscription offering.

Today, Microsoft is announcing what is now called the Microsoft Office LTSC (Long Term Servicing Channel). It’ll be available as a commercial preview in April and will be available on both Mac and Windows, in both 32-bit and 64-bit versions.

And like with the previous version, it’s clear that Microsoft would really prefer if you just moved to the cloud already. But it also knows that not everybody can do that, so it now calls this version with its perpetual license that you pay for once and then use for as long as you want to (or have compatible hardware) a “specialty product for specific scenarios. Those scenarios, Microsoft agrees, include situations where you have a regulated device that can’t accept feature updates for years at a time, process control devices on a manufacturing floor and other devices that simply can’t be connected to the internet.

“We expect that most customers who use Office LTSC won’t do it across their entire organization, but only in specific scenarios,” Microsoft’s CVP for Microsoft 365, Jared Spataro, writes in today’s announcement.

Because it’s a specialty product, Microsoft will also raise the price for Office Professional Plus, Office Standard, and the individual Office apps by up to 10%.

“To fuel the work of the future, we need the power of the cloud,” writes Spataro. “The cloud is where we invest, where we innovate, where we discover the solutions that help our customers empower everyone in their organization – even as we all adjust to a new world of work. But we also acknowledge that some of our customers need to enable a limited set of locked-in-time scenarios, and these updates reflect our commitment to helping them meet this need.”

If you have one of these special use cases, the price increase will not likely deter you and you’ll likely be happy to hear that Microsoft is committing to another release in this long-term channel in the future, too.

As for the new features in this release, Spataro notes that will have dark mode support, new capabilities like Dynamic Arrays and XLOOKUP in Excel, and performance improvements across the board. One other change worth calling out is that it will not ship with Skype for Business but the Microsoft Teams app (though you can still download Skype for Business if you need it).

News: Anthony Lin named permanent managing director and head of Intel Capital

• February 18, 2021
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When Wendell Brooks stepped down as managing partner and head of Intel Capital last August, Anthony Lin was named to replace him on an interim basis. At the time, it wasn’t clear if he would be given the role permanently, but today, six months later, the answer is known. In a letter to the firm’s

When Wendell Brooks stepped down as managing partner and head of Intel Capital last August, Anthony Lin was named to replace him on an interim basis. At the time, it wasn’t clear if he would be given the role permanently, but today, six months later, the answer is known.

In a letter to the firm’s portfolio CEOs published on the company website, Lin mentioned, almost casually that he had taken on the two roles on a permanent basis. “Personally, I want to share that I have been appointed to managing partner and head of Intel Capital. I have been a member of the investment committee for the past several years and am humbly awed by the talent of our entrepreneurs and our team,” he wrote.

Lin takes over in a time of turmoil for Intel as the company struggles to regain its place in the semiconductor business that it dominated for decades. Meanwhile, Intel itself has a new CEO with Pat Gelsinger returning in January from VMware to lead the organization.

As the corporate investment arm of Intel, it looks for companies that can help the parent company understand where to invest resources in the future. If that is its goal, perhaps it hasn’t done a great job as Intel has lost some of its edge when it comes to innovation.

Lin, who was formerly head of mergers and acquisitions and international investing at the firm, can use the power of the firm’s investment dollars to try help point the parent company in the right direction and help find new ways to build innovative solutions on the Intel platform.

Lin acknowledged how challenging 2020 was for everyone, and his company was no exception, but the firm invested in 75 startups including 35 new deals and 40 deals involving companies it had previously invested in. It  has also made a commitment to invest in companies with more diverse founders. To that end, 30% of new venture stage dollars went to startups led by diverse leaders, according to Lin.

What’s more, the company made a five year commitment that 15% of all of its deals would go to companies with Black founders. It made some progress towards that goal, but there is still a ways to go. “At the end of 2020, 9% of our new venture deals and 15% of our venture dollars committed were in companies led by Black founders. We know there is more progress to be made and we will continue to encourage, foster and invest in diverse and inclusive teams,” he wrote.

Lin faces a big challenge ahead as he takes over a role that had the same leader for the first 28 years in Arvind Sodhani. His predecessor, Brooks, was there for five years. Now it passes to Lin and he needs to use the firm’s investment might to help Gelsinger advance the goals of the broader firm, while making sound investments.

News: Robinhood goes to Congress

• February 18, 2021
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Update: There’s an entire second session of this? My lord. Today the House Financial Services Committee dragged the CEO of Reddit, a Cato wonk, social media icon DeepFuckingValue, the CEO of Citadel Kenneth Griffin, a hedgefund bro who got whomped by DeepFuckingValue, and the CEO of Robinhood Vlad Tenev, who got womped when individual investors

Update: There’s an entire second session of this? My lord.

Today the House Financial Services Committee dragged the CEO of Reddit, a Cato wonk, social media icon DeepFuckingValue, the CEO of Citadel Kenneth Griffin, a hedgefund bro who got whomped by DeepFuckingValue, and the CEO of Robinhood Vlad Tenev, who got womped when individual investors joined DeepFuckingValue in his womping of the hedge fund and thus womped his capital requirements leading to general market chaos, before them virtually for questioning.

It was not very useful. Between a cascade of Zoom failures — mutings, incorrect unmutings, a green screen that was not actually in use, and an actual gavel — members of Congress largely took five minute slots to embarass themselves, and not make material points.

The format was not conducive to real questioning, and most questions were both too long and either too precise, and misguided in their direction, or too imprecise, even if they landed in the strike zone. Sitting here I am trying to recall a single thing that I learned. I suppose that Robinhood’s CEO was not sure on the details of his company’s arbitration agreement with users. And perhaps a little bit about how many of its users trade options. And that Reddit’s CEO has a nice suit.

Some members of Congress mocked the proceedings, calling them political theater. That earned a rebuke by Maxine Waters, Chair of the House Financial Services Committee.

Some members of Congress nearly got around to asking something useful. But largely the method of asking questions was bilge, the responses canned, and nothing much uncovered.

What would have worked? I suppose Congress could have brought in a few actual experts and a more limited number of guests, and then hammered them with questions about the ethical reality of payment for order flow, Robinhood’s app mechanics and how easily it offers access to exotic trading tools, and the like. That would have helped.

Instead, we got great stuff like this:

Which was not very helpful. That said, there were some good memes and jokes, so, let’s have some fun instead of being annoyed with our elected representatives:

The rest of it was a waste of time. As I write this sentence to you, a member of Congress just asked how Robinhood go its name. Which is dumb, as the name is so obvious it nearly makes your head hurt with how earnest it is.

So there’s that. This was a waste. Real questions remain. They largely didn’t get asked, and certainly didn’t get answered.