Category: operating system

June 7, 2019 Off

Fintech platform Synapse raises $33M to build ‘the AWS of banking’

By Jill T Frey

Synapse, a San Francisco-based startup that operates a platform enabling banks and fintech companies to easily develop financial services, has closed a $33 million Series B to develop new products and go after international expansion.

The investment was led by Andreessen Horowitz, with participation from existing backers Trinity Ventures and Core Innovation Capital . Synapse — which recently rebranded (slightly) from “SynapseFi” — announced a $17 million Series A back in September 2018, so this deal takes it to $50 million raised to date.

The startup was founded in 2014 by Bryan Keltner and India-born CEO Sankaet Pathak, who came to the U.S. to study but grew frustrated at the difficulty of opening a bank account without U.S. social security history. Inspired by his struggles, Synapse, which operated under the radar prior to that Series A deal, is focused on democratizing financial services.

Its approach to doing that is … Read the rest

June 1, 2019 Off

Foxconn halts production lines for Huawei phones, according to reports

By Jill T Frey

Huawei, the Chinese technology giant whose devices are at the center of a far-reaching trade dispute between the U.S. and Chinese governments, is reducing orders for new phones, according to a report in The South China Morning Post.

According to unnamed sources, the Taiwanese technology manufacturer Foxconn has halted production lines for several Huawei phones after the Shenzhen-based company reduced orders. Foxconn also makes devices for most of the major smart phone vendors including Apple and Xiaomi (in addition to Huawei).

In the aftermath of President Donald Trump’s declaration of a “national emergency” to protect U.S. networks from foreign technologies, Huawei and several of its affiliates were barred from acquiring technologies from U.S. companies.

The blacklist has impacted multiple lines of Huawei’s business including it handset manufacturing capabilities given the company’s reliance on Google’s Android … Read the rest

May 27, 2019 Off

TikTok parent Bytedance is reportedly working on its own smartphone

By Jill T Frey

It’s been a busy couple of months for Bytedance, one of the world’s most valuable startups and the operator of globally popular video app TikTok. The Beijing-based company has continued to grow its list of apps to include the likes of work collaboration tool Lark, an instant messenger called Feiliao as well as a music streaming app, and now it appears to be taking a bold step into the hardware realm.

Bytedance is planning to develop its own smartphone, the Financial Times reported (paywalled) citing two sources. A spokesperson from Bytedance declined to comment on the matter, but the rumor is hardly a surprise as smartphone pre-installs have long been a popular way for Chinese internet companies to ramp up user sizes.

There’s also urgency from Bytedance to carve out more user acquisition channels. After a few years of frantic growth, Bytedance failed to hit its revenue target for Read the rest

May 20, 2019 Off

Smart TVs add fuel to Xiaomi’s Q1 earnings

By Jill T Frey

Chinese smartphone company Xiaomi just released its first quarterly results since announcing its $1.48 billion pledge to focus on smartphones and “AIoT,” an acronym for Internet of Things powered by artificial intelligence.

Xiaomi’s adjusted net profit for the first quarter increased 22.4% year-over-year to 2.1 billion yuan ($300 million), while total revenue climbed 27.2% to 43.8 billion yuan ($6.33 billion).

Sales in India, where Xiaomi handsets dominate, as well as other countries outside China, continued to be a bright spot for the company. International markets brought in 38% of its total revenue over the first quarter, representing a 35% increase. Xiaomi’s overseas momentum came amid a global slowdown in the smartphone sector and at a time its rival Huawei copes with a technology ban that threatens to hobble international sales.

Smartphones remained as Xiaomi’s biggest revenue driver, though the segment had shrunk from 67.5% of total revenue in Q1 … Read the rest

May 14, 2019 Off

Apple, Amazon, Google, Microsoft and Mozilla release patches for ZombieLoad chip flaws

By Jill T Frey

Big tech is stepping in to patch newly disclosed security flaws affecting almost every Intel chip since 2011.

Researchers on Tuesday released details of the vulnerability, known as ZombieLoad — or microarchitectural data sampling (MDS) as its technical name — which can leak sensitive data stored in the processor, such as passwords, secret keys and account tokens and private messages.

You can read our coverage here. In short, don’t panic — but you should patch your systems. Here’s how.

Apple released macOS fixes

Apple has fixes out for every Mac and MacBook released during and after 2011.

The tech giant said in an advisory that any system running macOS Mojave 10.14.5, released Monday, is patched. This will prevent an attack from being run through Safari and other apps. Most users won’t experience any decline in performance. But some Macs could face up to a 40% performance hit for those … Read the rest

May 10, 2019 Off

Apple CEO Tim Cook talks WWDC student program, coding initiatives and SAP

By Jill T Frey

For the past few years, Apple has been inviting student developers to attend its WWDC conference, which centers on development topics and software. A few students from this year’s batch are getting some more personal attention from Apple as it tries to raise awareness of the program and coding literacy via its Swift Playgrounds and other resources for students and teachers.

Most of those students, though, won’t get a surprise personal visit from CEO Tim Cook, which is what happened this week when Lyman High School student Liam Rosenfeld got to the Millenia Mall Apple Store in Orlando, Fla. Liam was there to participate, he thought, in an interview with myself and a local journalist from the Orlando Sentinel about his admission to the program.

As a surprise, and fresh off an appearance at the SAP Sapphire conference to announce an expanded partnership, Cook came to visit the store to … Read the rest