Why The Software Technology Company Of The Future Might Not Sell Software

Gary M. Shiffman, Ph.D. is the Founder and CEO of Giant Oak and Consilient, the creator of Giant Oak Search Technology (GOST) and DOZER.

In the digital economy, data abounds. IDC’s Global Datasphere Forecast predicts that the digital economy will create more data in the next three years than was generated in the last 30 years combined. There’s enormous power in all that data, but it takes a great deal of work to unlock it. Data is complicated, and in order to make data make sense, someone needs to clean it, organize it, interpret it and put it to use. 

As Microsoft CEO Satya Nadella once said, “Every company is a software company.” That’s in part because software is the principal tool for harnessing data and putting it to work. But the value of software has changed.

In a world of open-source software, software code is no longer a

Read More

TikTok owner gets another week to sell its US business

TikTok’s deadline to finalize a US buyer has been extended for the second time in less than a month.



a close up of a computer keyboard


© Shutterstock


The Trump administration on Wednesday gave the short-form video app’s Chinese owner, ByteDance, until December 4 to conclude a proposed takeover deal by Oracle and Walmart, according to a spokesperson for the Treasury department.

Loading...

Load Error

“The Committee on Foreign Investment in the United States (CFIUS) has granted ByteDance a one-week extension…to allow time to review a revised submission that the Committee recently received,” the spokesperson said.

In an executive order this summer, Trump set November 12 as the hard deadline for ByteDance to divest TikTok, which has more than 100 million users in the United States. But as the deadline came and went, confusion reigned over what consequences might be in store for TikTok. Trump’s executive order did not say that TikTok would be banned if it missed

Read More

Lights, camera, sell: Retailers want you to watch and shop

NEW YORK — When Jenna Powell gets in front of a camera, she can sell $10,000 worth of sparkly dresses and tie-dye hoodies in 40 minutes.

Powell, whose three Jennaration shops in Alabama were closed at the start of the pandemic, has put all her focus on selling through live videos, broadcasting live several times a week to 400 people who watch on Facebook or her store’s app. She puts on clothes from her shop, spins for the camera and tries to get viewers to buy.

“This top is a deal for $22!,” Powell says in a recent video about a leopard print sweater she’s wearing. “It’s just very, very well made, y’all!”

Livestream selling, already popular in China, is taking off in the U.S., ushering in a new way for Americans to shop online. Instead of searching for what they want, they pick up their phones, sit back, and

Read More

Airbnb Has a Good — But Not Necessarily Great — IPO Story to Sell Wall Street

Between the enthusiasm that markets have been showing both towards Internet growth plays and (more recently) towards companies seen as reopening plays, Airbnb should get a post-IPO valuation comfortably above the $18 billion valuation it received in an April funding round, and perhaps also above the $31 billion valuation it got in a 2017 funding round.

But a little bit like Uber (UBER) ahead of its 2019 IPO, Airbnb’s story is pretty complicated, featuring several things to be encouraged by but also a few things to be concerned about.

Key positives for Airbnb’s story:

  1. The company was seeing strong double-digit growth before COVID hit. Revenue was 32% in 2019 to $4.81 billion, while gross booking value (GBV – the total value of bookings on Airbnb’s platform, minus cancellations and alterations) rose 29% to $37.96 billion. (source: Airbnb’s IPO prospectus)
  2. Though Airbnb is still seeing revenue/bookings declines, demand has improved a
Read More

The Indonesian meteorite which didn’t sell for $1.8m



a young man taking a selfie: Josua Hutagalung with his precious find


© Josua Hutagalung
Josua Hutagalung with his precious find

The story made headlines around the world – a meteorite crashes through the roof of an Indonesian villager’s home and turns out be worth millions, changing his life forever.

It was suggested that the find was worth $1.8m (£1.36m), making the man an overnight millionaire – and if he wasn’t, they debated whether he’d been short-changed selling it to US buyers.

But neither of those things is true. The meteorite is not worth millions, and no-one has been ripped off.

This dream come true is not quite as it first seemed.

A rock falls on a house…

Let’s get back to the actual story – fairy tale or not, it is fascinating. Josua Hutagalung, a coffin maker in a village in Sumatra, was minding his own business in early August when he heard a noise from above and – seconds later

Read More

The Latest: Kentucky to sell fan cutouts at Rupp Arena

The Latest on the effects of the coronavirus outbreak on sports around the world:

___

Kentucky will sell fan cutouts for men’s basketball games Rupp Arena. and at women’s basketball and volleyball games and gymnastics events at Memorial Coliseum.

Prices start at $50 with options ranging from four- to six-foot tall cutouts and an upgraded version autographed by men’s coach John Calipari. The Rupp premium option is a four-foot version to be placed in the first two rows of the arena. The six-foot tunnel option includes Calipari’s autograph and will be placed in the tunnels and corners where the team enters the floor.

Similar options are available for women’s games with autographs by interim coach Kyra Elzy, volleyball coach Craig Skinner, and gymnastics coach Tim Garrison.

Proceeds from the cutouts will benefit athlete scholarships and educational support.

___

The Texas A&M men’s basketball team won’t open the season at the

Read More

Huawei confirms plan to sell its Honor smartphone unit to ensure its survival

(Reuters) — Huawei is selling its budget brand smartphone unit Honor to a consortium of over 30 agents and dealers in a bid to keep it alive, the company and the consortium said on Tuesday.

The deal comes after U.S. government sanctions have restricted supplies to the Chinese company on grounds the firm is a national security threat – which it denies.

The consortium issued a statement on Tuesday announcing the purchase, which will be made via a new company, Shenzhen Zhixin New Information Technology.

Huawei will not hold any shares in the new Honor company after the sale, the statement said.

In Huawei’s statement, the company said its consumer business has been under “tremendous pressure” due to the “persistent unavailability of technical elements” for its phone business.

“This move has been made by Honor’s industry chain to ensure its own survival,” Huawei said.

The change of ownership

Read More

Qualcomm can now sell (some) smartphone chips to Huawei

Qualcomm at CES 2019.

 

  • Qualcomm has reportedly confirmed that it can supply some chips to Huawei.
  • The firm is only allowed to supply 4G processors to the Chinese brand.

 

We first heard murmurings last week that Qualcomm received a license to supply some smartphone processors to Huawei. Unfortunately, both parties refused to comment on the report at the time when asked by Android Authority.

Now, Qualcomm has confirmed to Reuters that it has indeed received a green light to sell mobile chips to the Chinese brand. But there is a big caveat attached to the license though, as the US chipmaker is only allowed to sell 4G chips to the firm.

“We received a license for a number of products, which includes some 4G products,” a Qualcomm spokesperson was quoted as saying by the newswire. The representative confirmed that the 4G products were related to mobile devices and added that Qualcomm still had

Read More

Qualcomm gets OK to sell 4G chips to Huawei, despite US ban, report says

Qualcomm has reportedly been granted a license by the US government to sell 4G mobile chips to Huawei, despite a ban on American companies selling technology and parts to the China-based telecommunications company.



a group of people standing in front of a building: Getty Images


© Provided by CNET
Getty Images

“We received a license for a number of products, which includes some 4G products,” a Qualcomm spokeswoman told Reuters, according to a Saturday report by the news agency. She didn’t specify which products Qualcomm can sell, saying only that they have to do with mobile devices. She also said Qualcomm has other license applications pending.

In August, citing national security and foreign policy concerns, the US Commerce Department expanded restrictions meant to limit Huawei’s access to chips made using American software and equipment. The department said it wouldn’t extend a temporary general license that allowed some transactions involving the “export, reexport, and transfer of items” to Huawei. That temporary license followed

Read More

Trump Administration Lets Qualcomm Sell Huawei 4G Mobile Chips

Huawei is apparently not so bad after all, according to the Trump administration. It just gave Qualcomm permission to sell it chips.

Huawei is apparently not so bad after all, according to the Trump administration. It just gave Qualcomm permission to sell it chips.
Photo: Justin Sullivan (Getty Images)

The Trump administration, distracted by other important things, has apparently forgotten that it’s mad at Huawei. If this seems strange to you, it’s probably because we’ve all gotten used to hearing the government go on and on about how the Chinese telecommunications company is a threat to U.S. national security. But alas, these comments apparently do not matter much anymore, because the U.S. government is letting American companies sell certain items to Huawei again.

According to Reuters report, Qualcomm received a license from the U.S. Department of Commerce to sell 4G mobile phone chips to Huawei on Friday. In August, the Trump administration delivered what some called a “lethal blow” to Huawei by banning any company, not just

Read More