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  • Big Tech: IBM Deploys Face Mask Surveillance System

    Big Tech: IBM Deploys Face Mask Surveillance System

    This may or may not worry you depending on your point of view. IBM has deployed a super intelligent face mask surveillance system for businesses (or government) to discreetly track face mask usage by employees, customers, and anyone who enters a building where their system is installed. The platform will send alerts to the powers that be if anyone is either not wearing a face mask properly or not wearing one at all.

    Presumably, if the tech savvy eye in the sky notices an infraction it will quickly enable management and their enforcement teams to confront the individuals to rectify their face mask violation. How dare they! It will also monitor in real-time crowd density, social distancing, and elevated body temps of those who are entering an establishment.

    IBM Cloud released a video narrated by Ian Smalley (below) that explains how their technology works to enable any business or government to surveil and enforce mask usage:

    Here is a really cool way that Edge Computing is being used to help businesses reopen and operate safely. We know face masks can substantially reduce the transmission of aerosol borne viruses. But sometimes people forget to wear them properly or at all. IBM Edge Application Manager places analytical workloads with Edge enabled cameras that can recognize face masks and determine if they are being worn effectively.

    Since analysis is being performed at the camera the video data and individual privacy are protected. You also avoid the expense of transmitting, storing, or analyzing that image data any further. Alerts are sent every time the camera detects improperly worn or non-existent face masks. Then it sends the aggregated data back to the IBM Maximo Worker Insights platform allowing you to highlight face mask activity in your facilities.

    It’s pretty amazing stuff and that’s only scratching the surface. IBM Application Manager is also using Edge Computing to monitor crowd density, social distancing, and elevated body temps of those who are entering an establishment.

  • WSJ: Microsoft Partners With Startups To Win Cloud War

    WSJ: Microsoft Partners With Startups To Win Cloud War

    According to the Wall Street Journal Microsoft is partnering with tech startups as part of its fierce battle to win the cloud war against Amazon, Google, and others. Microsoft just announced today a global strategic alliance with cloud security startup Abnormal Security. The deal is straight forward. The fast-growing startup moves its platform to Azure and Microsoft will offer Abnormal Security to its huge list of enterprise customers. Amazon has been employing this tactic as well per WSJ.

    In the latest deal with Abnormal Security, Azure customers can purchase Abnormal Security directly via Microsoft co-sell and through the Azure Marketplace. Microsoft says that all purchases count towards enterprise Azure commitments.

    “Microsoft for Startups is committed to helping B2B startups use the Microsoft platform to scale their business quickly and deliver innovative AI-powered solutions to enterprise customers,” said Jeffrey Ma, VP Microsoft for Startups. “Abnormal has hit the ground running, seeing success with Fortune 1000 companies in a short time, and we’re looking forward to joining forces to further accelerate their security solution to our global customers.”

    Evan Reiser, Co-founder and CEO at Abnormal Security said, “When considering the right cloud infrastructure, startups need to look at both the technology platform and the business opportunity. As a cybersecurity company, we were very intrigued with Azure’s inherent security, privacy and AI offerings and as a startup, Microsoft’s go-to-market support and access to the largest enterprises is unmatched. We decided that to be a high-growth company selling to the Fortune 1000, it made business sense to partner with Microsoft and move our business to Azure.”

    “Abnormal’s unparalleled market traction is a testament to incredible value being delivered to their customers and the ability to protect organizations from these cyberattacks that have cost them over $2b. I couldn’t be any more excited to see the accelerated growth with Microsoft co-selling the solution,” said Saam Motamedi, General Partner at Greylock Partners.

    It’s definitely a win-win for Microsoft and startups like Abnormal Security. Microsoft gets a fast growing startup exclusively on its platform and Abnormal Security gets access to Microsoft’s massive connections with enterprise companies.

  • Oracle Scores Big Cloud Wins

    Oracle Scores Big Cloud Wins

    Oracle has scored some big wins as it takes on larger cloud rivals.

    AWS, Microsoft Azure and Google Cloud dominate the US cloud computing market. Oracle, IBM and others continue to fight for market share, leveraging their existing software, services and systems to gain cloud customers.

    Oracle has been making significant headway using this strategy. According to Reuters, Oracle has scored contracts with McDonald’s, Albertsons and Humana to move at least some of their business to Oracle’s cloud platform. In addition, Xactly has decided to move the majority of its work to Oracle’s platform.

    These are major contracts for one of the underdogs of the industry and should go a long way toward helping Oracle gain ground.

  • DOD Investigation Backs Microsoft JEDI Award

    DOD Investigation Backs Microsoft JEDI Award

    The Department of Defense (DOD) has announced the findings of an internal investigation into Microsoft’s JEDI award, upholding the original decision.

    Microsoft shocked the industry when it beat out Amazon for the prized Joint Enterprise Defense Infrastructure (JEDI) contract, worth some $10 billion. Industry experts had largely expected Amazon to win, especially since it has a history of similar government cloud contracts. Amazon was so stunned by the loss that it immediately sued and succeeded in getting a temporary injunction preventing Microsoft from moving forward until the case could be reviewed in court.

    In the meantime, the DOD performed its own internal review to make sure there was no impropriety, especially given Amazon’s accusations that interference from President Trump was a factor in the decision. The investigation showed that Microsoft was chosen based on the value it represents, a point the company has been making since the saga began.

    ”The Department has completed its comprehensive re-evaluation of the JEDI Cloud proposals and determined that Microsoft’s proposal continues to represent the best value to the Government.”

    This is another big win for Microsoft and will no doubt help it in its court case against Amazon.

  • Intel CEO: Tiger Lake Will Deliver 20% More Performance

    Intel CEO: Tiger Lake Will Deliver 20% More Performance

    Intel launched their 10nm Tiger Lake CPU today increasing product performance by 20 percent. “Our 10-nanometer process that our Tiger Lake product will run on today is a step function improvement from the 10-nanometer process we launched just last year,” says Intel CEO Bob Swan. “Its process will deliver 15 to 20 percent more performance in the products that we are launching. At the end of the day, product performance is what matters most to our customers.”

    Bob Swan, CEO of Intel, discusses the launch of their 10nm Tiger Lake CPU which provides a significant improvement in product performance:

    Product Performance Is What Matters

    The PC is a more and more an essential ingredient of our everyday lives. Whether you are studying from home, working from home, and trying to stay connected from home, it’s just more important. The Tiger Lake product that we are launching today, in essence, addresses those activities that we are doing. Whether it’s content creation, inherent productivity, or connectivity, it addresses those key things that are becoming more relevant in terms of how we engage with our PC and how we engage with each other.

    At the end of the day, product performance is what matters most to our customers. Under that umbrella, there are multiple things that have evolved over time. Process continues to be very important. Packaging becomes more relevant as we pull different technologies together. Software plays an increasingly important role. The technologies required to build a computer today are much different than they used to be. With Tiger Lake, it’s not just about the CPU or the microprocessor, it’s about the WiFi. Connectivity is so important, upgrading WiFi, and upgrading graphics capabilities, The nature of the PC today and how it’s evolved incorporates more technology. Where process continues to be important, it’s not relatively as important as it once was.

    Tiger Lake Will Deliver 20 Percent More Performance

    The naming convention over time has lost its relevance. It’s become less of a technical articulation of capabilities and a little bit more of a marketing articulation. Our 10-nanometer process that our Tiger Lake product will run on today is a step function improvement from the 10-nanometer process we launched just last year. Its process will deliver 15 to 20 percent more performance in the products that we are launching. It’s a very exciting time not just because of the Tiger Lake product (the CPU) but how we’ve coupled it with other technologies to address the most top of mind experiences with advanced processing technology that we refer to as SuperFin.

    The relative importance of graphics and the role that it plays, not just in gaming but in communications today is so much higher. That’s why with this product launch the enhanced capabilities of our integrated graphics is a real big bump in overall performance. It’s also an increasingly relevant technology and capability in today’s PC. In essence, the use of the PC and what the graphics technology we’ve built into this product does is rising the role that the PC will play as it become more and more an essential ingredient in our everyday lives.

    There Will Be Significant Demand For Tiger Lake

    Over the last several years we’ve added $20 billion in revenue to the size of the company. From our PC, our internet of things, our communication, and from our cloud businesses, we’ve experienced dramatic growth. It was critical for us to keep pace in ensuring that we have the capacity and the supply to deal with that growth. We’ve made tremendous progress at the end of last year and through the first six months of this year getting that capacity in place.

    For both 14-nanometer, which today is the lion’s share of the products we are shipping, but increasingly we are adding capacity. We expect there will be significant demand for the new product that we announced today but also the new products that we have coming in the second half of this year, particularly in the server Xeon chip.

    https://youtu.be/PMAi5lXMkXA
    Intel CEO Bob Swan: Tiger Lake Will Deliver 20% More Performance
  • Oracle Loses Pentagon Contract Appeal

    Oracle Loses Pentagon Contract Appeal

    A judge has ruled against Oracle in its appeal of how the Pentagon handled its JEDI cloud contract.

    Microsoft made headlines when it won the Joint Enterprise Defense Infrastructure (JEDI) Pentagon contract, worth some $10 billion. The win was seen as a major coup for the company as it continues to challenge Amazon’s dominance in the cloud market. Amazon immediately challenged the results in a case that has yet to be decided.

    In a less publicized case, however, Oracle also challenged the Pentagon’s handling of the contract. According to Bloomberg, Oracle claimed the contract requirements unfairly favored Amazon and Microsoft, the two companies that emerged as early leading candidates.

    Ultimately, the three-judge panel ruled that “notwithstanding the extensive array of claims raised by Oracle, we find no reversible error.”

    The decision is a win for Microsoft, and could lend weight to the other case involving Amazon’s appeal.

  • How To Successfully Manage A Remote Team

    How To Successfully Manage A Remote Team

    Team performance is inextricably linked to leadership – that much has not changed during the COVID-19 pandemic. 

    However, the lockdown-induced shift to remote work did transform the particular challenges of leadership. How to keep up productivity while being mindful of members’ physical and mental health? How to hold effective meetings and minimize technological vagaries? 

    According to a recent Forbes article, work-from-home (WFH) arrangements don’t automatically impair employee engagement. Rather, it depends on leaders whether team potential is harnessed during WFH.

    Here is a closer look at the big issues business leaders – from team supervisors to CEOs – face during the pandemic. And how to best tackle them. 

    Communication

    With employees unable to meet in hallways, stop by each other’s offices, or have a quick chat at the water cooler, ensuring communication is a core challenge leaders face. 

    A recent survey by Microsoft published in the Harvard Business Review found that managers took on a more active role in communication, both within and across teams. Overall, they sent 115% more instant messages after the transition to remote work, while other employees sent 50% more.

    The key, however, is not to communicate simply more – but more effectively. This means communicating succinctly, with clear goals and expectations in mind, and choosing your channels wisely. 

    Email is the default avenue of communication for many leaders. It is also terribly inefficient, as another recent Forbes analysis outlines.

    Generally, email is fine for asking quick questions, sharing a file, or responding to a scheduling request. But as soon as something requires more complex discussions, a nuanced understanding, or creative input, having a (video) call is more efficient.

    Choosing a communication platform for your team is one of the most crucial WFH decisions. 

    Overall, it is best to centralize communication. Instead of juggling notifications from five different apps, team members just have to keep their eye on one or two. For this, team collaboration apps, conference calling services, and Unified Communications platforms are invaluable. 

    Meetings

    Online meetings are an integral part of WFH – but leaders need to make sure that they are both necessary and efficient. 

    The number and duration of meetings – and the strictness of the schedule – are within the purview of managers and team leaders. 

    Microsoft’s researchers found that while meetings increased overall, they were considerably shorter than before, averaging 30-minutes. Other articles also suggest that meetings lasting between 20 and 30 minutes are optimal for keeping engagement high and proceedings efficient. 

    Steve Jobs’ cardinal rule of meetings was to have only essential people present, which cut down on explanatory ballast and tech troubles. Each item on the agenda – well-defined in advance – should have a participant responsible for it.

    Trust 

    Trust is an integral component of leadership, now more so than ever. 

    While it’s natural to be curious about how your staff handles their work projects and timelines during WFH, it’s crucial to show confidence in them. Resist the temptations of surveillance and micro-management. 

    Assume that your team is doing their best. In some cases, this may not be on par with their normal performance at the office – especially if they are facing added challenges at home, such as childcare. 

    In general, it’s best not to focus on inputs – exactly which tasks each team member is tackling at a time. Instead, concentrate on team accomplishments – the overall outputs. 

    Remote Team Building

    Fostering team spirit and building rapport among physically distanced staff is currently a central leadership task. 

    Microsoft’s survey found that virtual social meetings increased by 10% within a month of the transition to remote work. Team members wanted to connect with each other on a human basis. 

    Leaders can harness this need and take the initiative. Organize virtual ‘casual Fridays’, encourage ‘water-cooler’ chat spaces, schedule digital coffee breaks, or set up a Slack channel dedicated to swapping baby pictures, memes, and cat videos. 

    Balance Work And Life

    Finally, it’s a manager’s responsibility to ensure that remote team members can successfully balance their work and personal lives. 

    When working from a home office, it’s only too easy to let sales figures or annual reports encroach on otherwise relaxing evenings. Especially if it seems like other team members are constantly online.

    Managers need to discourage always-on culture in the interest of their team members’ mental and physical health. 

    Removing incentives for 24/7 availability, discouraging messages at all hours, strictly limiting meetings to daytime, and implementing a virtual out-of-office policy go a long way towards achieving this balance.  

    Adapt And Succeed

    Recent statistics show that two thirds of companies are planning to keep a distributed workforce model post-pandemic. That means that leading a remote team will no longer be a temporary emergency measure. It will become a standard requirement and essential leadership skill. 

    The sooner managers find sustainable solutions to the challenges of heading a distributed team, the better they will be able to operate in a business world transformed by COVID-19. And the larger their success will be – both for themselves and their team. 

  • Box CEO: All Hands On Deck With Digital Transformation

    Box CEO: All Hands On Deck With Digital Transformation

    “We saw very strong enterprise growth in the last quarter,” says Box CEO Aaron Levie. “We grew our number of big deals, which we measure as deals above $100,000 in transaction value, by 60 from Q1 to Q2 of this year. We’re happy about the momentum that we’re seeing in the business. Right now we are all hands on deck on supporting our customers and their digital transformation strategies and hopefully really enabling them to have a more secure and more seamless way to work in this environment.”

    Aaron Levie, CEO of Box, discusses the company’s continued growth and progress in supporting customers with their push toward digital transformation:

    Driving Better Balance Between Growth And Profitability

    We’re very happy about the quarter that we just put up. We are stabilizing the growth rate with 11 percent revenue growth. We had nearly a 16 percent operating margin for the quarter. That’s been a trend that we’ve obviously been driving for the past year or so around really driving a better balance between growth and profitability. We improved our guidance on both revenue growth and profitability for the rest of the year. We guided to about 12 to 13 percent operating margin for the full year (FY21) and so we do think these results are sustainable.

    Obviously, we want to be able to continue to drive them going into next year and beyond. We’re very happy about the efficiency of the business right now as well as our ability to go out and serve customers and help them power a new way to work in this very very you know dynamic landscape.

    All Hands On Deck With Digital Transformation

    The first couple quarters of the year we had to step back and figure out in this economy and in this market what could we do to best serve our customer base. In some segments, we had to lean in to make sure that we were better supporting our customers. In other segments, we saw more growth because in spaces like financial services, healthcare, life sciences, and the tech sector there’s still a tremendous amount of economic growth occurring. So we had to do a little bit of a reset in some of our segments, especially the SMB segment. and we’re seeing really healthy pipeline for the second half of the year.

    At the same time, we saw very strong enterprise growth among these customers. We grew our number of big deals, which we measure as deals above $100,000 in transaction value, by 60 from Q1 to Q2 of this year. We’re happy about the momentum that we’re seeing in the business. We do expect that we’re going to continue to drive growth coming into the second half of the year. Right now we are all hands on deck on supporting our customers and their digital transformation strategies and hopefully really enabling them to have a more secure and more seamless way to work in this environment.

    Need Better Interoperability Between Technologies

    In the enterprise segment, you deal with similar questions (as consumer-facing companies do with anti-trust). How do we ensure long-term that you have interoperability between our technologies? If I put my data into one cloud platform will I have the ability to make that data work with other applications from other cloud technologies? Whether or not there needs to be oversight that’s obviously going to be a big question for the government.

    What I do think across the industry we do need to continue to work on better standards. We need to drive better interoperability between our technologies. I can say confidently that companies like Microsoft and Google and others are working on making sure that we have greater interoperability between our technology stack. We work with companies like Slack, Zoom, Salesforce, and others to make sure that we have that interoperability as well. But there’s still a long way to go to really create a seamless experience for the broader customer base out there.

    No Precedent For The Type of TikTok Deals Playing Out

    Aaron Levie: I don’t understand business anymore, but this is very fun to watch.

    This is obviously a very strange environment (in reference to TikTok deal rumors). I don’t think there’s been a precedent for this type of acquisition playing out ever. Especially in the back of the antitrust element, you don’t have the logical acquirers of this type of social media technology at play. All you really have are these interesting configurations of maybe not the most classic acquirers of a social tool. This is causing a lot of questions on what is the long-term strategic nature of these deals.

    This is especially true for companies that don’t have a strong advertising business model or might not have some of the same demographic within their customer base. That being said, all of the players, whether it’s Larry Ellison or Satya or Doug at Walmart, these are all incredibly smart and savvy business people. I’m sure that behind the scenes there’s quite a deal of strategy going on but it’s certainly fun to watch play out.

    Box CEO Aaron Levie: All Hands On Deck With Digital Transformation
  • Asana Going Public, Spends Big on AWS

    Asana Going Public, Spends Big on AWS

    Asana has filed to go public and, in the process, disclosed its commitment to Amazon’s AWS as its cloud platform of choice.

    Popular collaboration tool Asana filed to go public this week. Asana is the brainchild of Facebook co-founder Dustin Moskovitz and Justin Rosenstein, a former Facebook and Google engineer.

    What’s more interesting than Asana’s IPO, however, is the disclosure of its cloud budget and where it is spending that budget. Business Insider delved into the paperwork and discovered that Asana has agreed to spend at least $20 million on AWS cloud services.

    “Asana in December 2018 agreed to a 27-month contract with AWS, committing to spend at least $9 million on cloud services in 2019, and an additional $11 million in 2020,” wrote Business Insider. “The company had $5.4 million left to spend to fulfill the minimum as of April 30 of this year.”

    As the cloud market continues to heat up, with AWS, Microsoft and Google fighting for dominance, this is a big win for AWS.

  • Salesforce Delivers One Of Its Best Quarters Ever

    Salesforce Delivers One Of Its Best Quarters Ever

    Salesforce has announced its quarterly results, and it is one of the best in the company’s history.

    Salesforce reported $5.15 billion in revenue for its fiscal second quarter, representing a 29% increase year-over-year. The largest chunk of that was its subscription and support revenue, which experienced a 29% growth, coming in at $4.84 billion.

    The company’s adjusted earnings per share was $1.44, roughly doubling Wall Street’s expectations. Salesforce also increased its guidance for Q3 FY21 to $5.24 to $5.25 billion. Similarly, it raised its guidance for FY21 to $20.7 Billion to $20.8 Billion.

    “It’s humbling to have had one of the best quarters in Salesforce’s history against the backdrop of multiple crises seriously affecting our communities around the world,” said Marc Benioff, Chair and CEO of Salesforce. “Salesforce was founded on our belief in stakeholder capitalism and our core values of trust, customer success, innovation and equality. Our success in the quarter brought all of this together with the power of our Customer 360 platform, the resilience of our business model, putting our customers first and doing our part to take care of all of our stakeholders. We know that together we have an opportunity to emerge from these times even stronger.”

  • Back From the Dead: Blackberry Phones to Reappear in 2021

    Back From the Dead: Blackberry Phones to Reappear in 2021

    Blackberry phones are back from the dead with new models planned for 2021.

    Blackberry helped pioneer the modern smartphone, and held a special place in the hearts of millions of users. Blackberry devices were known for always-on connectivity and best-in-class physical keyboards. Like many devices, however, Blackberry lost ground to Apple’s iPhone and the plethora of Android devices that followed soon after. After some attempts to continue manufacturing their own phones, Blackberry shifted their focus to software and licensed the manufacturing rights to outside companies.

    TCL Communication was granted the global license rights and manufactured Blackberry devices until this year. In February, TCL announced they would stop selling Blackberry-branded devices as of August 31, 2020 and had lost all “rights to design, manufacture or sell any new BlackBerry mobile devices.”

    A new company, OnwardMobility, has secured the rights to continue manufacturing Blackberry phones, and they seem determined marry the best of Blackberry with the latest technology. According to the company’s announcement, the new phones will feature 5G, be powered by Android and will have a physical keyboard. The devices will be developed in close association with Blackberry and FIH Mobile, a Foxconn subsidiary. FIH Mobile’s involvement will help “ensure world-class design and manufacturing.”

    Given Blackberry’s well-established reputation for security and privacy, it’s no surprise OnwardMobility is heavily leveraging that, promising “the most productive, most user-friendly and most secure mobile devices ever created.”

    “BlackBerry is thrilled OnwardMobility will deliver a BlackBerry 5G smartphone device with physical keyboard, leveraging our high standards of trust and security synonymous with our brand. We are excited that customers will experience the enterprise and government level security and mobile productivity the new BlackBerry 5G smartphone will offer,” said John Chen, Executive Chairman and CEO, BlackBerry.

  • Walmart CEO: We Had To Become More Digital

    Walmart CEO: We Had To Become More Digital

    “We had to learn to work in different ways to become more digital and to put data to work in different ways,” says Walmart CEO Doug McMillon as he reflected on the release of their blowout financial results. “Basically, to create a seamless experience for customers. We don’t want them to sense any difference as it relates to our brand whether they are shopping inside a store, picking it up, or having it delivered. All of those differences and channels that we might have thought about in the past need to be erased and taken away.”

    Doug McMillon, CEO of Walmart, discusses how the company has changed to become more digital over the last couple of quarters in response to the pandemic:

    Ecommerce Was Very Strong

    I would like to say thank you to all of our associates around the world and here in the US. They did a great job. You can imagine how challenging it is in this environment to go to work everyday and serve customers and keep the supply chain moving. Whether it’s in our stores, our Sam’s Club’s, or our distribution centers they have done a great job.

    Customers have been responding in waves as we’ve gone through the first and second quarters. Not surprisingly, they got really focused on things they needed to stock up to be at home for a long time at first. Over time, as we got through the second quarter and stimulus checks came in to play and people were at home, we certainly saw them buy things like laptops and tablets and fishing equipment and bicycles. Things that were related to home decor as they were at home thinking about their environment inside and outside the house we certainly saw them respond with what they were buying. Ecommerce, in particular, was very strong.

    Technology Phenomena Happening Around the World

    I’ve been in retail for almost 30 years and it’s really exciting when so many things can be done using technology. We can save customers time and expose them to so much more choice than we could previously. Our ecommerce assortments are broader as retailers and that’s certainly true at Walmart. We sell first-party owned inventory as well as through our marketplace. Now they can pick up their phone or be at home and open up their laptop and shop in so many different ways and have access to so many different things. It’s a lot of fun to be able to try and serve them in that way. That phenomena is happening around the world.

    You can use your app to do pickup and our stores. You can use your app to have the product brought straight to your house. Obviously, you can come in the store and we are learning how to use technology inside the stores in different ways to save you time. It boils down to access to assortment and an ease of shopping here in the US and around the world that people haven’t experienced before. That’s happening in Mexico, Canada, China, India, and all over the world.

    We Had To Become More Digital

    There have been a lot of changes inside the company. We had to learn to work in different ways to become more digital and to put data to work in different ways. Basically, to create a seamless experience for customers. We don’t want them to sense any difference as it relates to our brand whether they are shopping inside a store, picking it up, or having it delivered. All of those differences and channels that we might have thought about in the past need to be erased and taken away. Our teams have been doing a great job doing that.

    The outcome of that is this ease of shopping that’s unique and different. In our case, we’ve got so many stores so close to customers around the country it gives us a big advantage especially in being able to deliver quickly. We’ve got an express delivery system here in the United States that commits to delivering orders from our stores in less than two hours. That’s now in more than 2,000 stores and coming to stores all over the country. We are actually delivering a lot faster than two hours so far. That’s a great experience.

    We believe that this is something that we can build on along with having great stores where you want to come in from time to time, stock up, and experience what’s new. Really, we think that this omni world of retail is what will end up being the winning strategy over time.

    Scale Can Sometimes Be A Disadvantage

    Scale can sometimes be an advantage and sometimes it’s a disadvantage. Speed also matters a lot. Creativity matters a lot. What I’m proud of is how our team is responding to create new solutions for customers. Ultimately, whether Walmart grows or not is all up to them. We are serving families, moms and dads, and customers that have a lot of different choices. Even during the pandemic period with ecommerce and all the chains that were open there was still a lot of choice.

    We’ve got to compete to earn their business everyday and that’s the approach we take. Our team has really stepped up during this period and even before the pandemic to drive change and to create more solutions for customers.

    Walmart CEO Doug McMillon: We Had To Become More Digital
  • Foxconn Boss: China’s ‘Days As The World’s Factory Are Done’

    Foxconn Boss: China’s ‘Days As The World’s Factory Are Done’

    Hon Hai Precision Industry Co. (Foxconn) Chairman Young Liu has said China’s “days as the world’s factory are done,” largely because of the US-China trade war.

    Foxconn is the primary manufacturer of Apple’s iPhone, as well as a leading manufacturer for other smartphones and devices. The company has primarily operated factories in China, where there is an entire ecosystem geared toward tech manufacturing.

    US officials have grown increasingly worried about the tech industry’s reliance on China, especially after the pandemic hit. As factories across China shut down, countless US companies saw production significantly impacted. The escalating trade war between the US and China has only made things worse.

    As a result, according to Bloomberg, Liu believes manufacturing will become decentralized across the world, with manufacturing ecosystems in the Americas, India and Southeast Asia. Already Foxconn has managed to move 30% of its manufacturing outside of China.

    Meanwhile, officials have been focusing on boosting semiconductor manufacturing within the US to help end reliance on China. It would seem there is merit to Liu’s prediction.

  • PayPal CEO: Across Every Industry, We’re Seeing a Surge Towards a Digital-First Strategy

    PayPal CEO: Across Every Industry, We’re Seeing a Surge Towards a Digital-First Strategy

    “It was a strong quarter for us certainly across almost every metric,” says PayPal CEO Dan Schulman. “What’s happened is the world has accelerated from physical to digital across almost every industry. If you look at health care it’s all about telemedicine right now. If you look at education it’s about remote learning. If you look at the retail industry it is now about online almost over offline or physical locations in store. If you look at the restaurant business you really can’t be in business.”

    Schulman says that it is imperative for businesses to move toward a digital-first strategy. “If all you’re doing is trying to serve customers at your location given social distancing and the number of people coming out (you won’t survive),” he said. “You have to be about takeout and delivery. Across every industry, we’re seeing this surge towards a digital-first strategy. All of the tools and products and services that we offer are probably more relevant and important across multiple industries than they’ve ever been before.”

    PayPal CEO: Across Every Industry, We’re Seeing a Surge Towards a Digital-First Strategy
  • Microsoft’s Surface Duo Available For Preorder

    Microsoft’s Surface Duo Available For Preorder

    After months of anticipation, Microsoft has announced that the Surface Duo is available for preorder.

    Microsoft surprised the tech industry with its announcement of the Surface Duo, a foldable device powered by Android. Microsoft went all-in on its development efforts, hiring the Android development team that was helping make the Duo a reality. This will help Microsoft continue to innovate and release additional apps and services for the device.

    The real star of the Duo, however, is the dual-screen design. Dual-screen and foldable screen devices are widely seen as ‘the next big thing’ in the computing market. Previous attempts by other companies, such as Samsung, have been plagued with problems, however. Microsoft’s take on the segment emphasizes a dual-screen design, rather than a foldable screen that’s prone to cracking.

    “We designed Surface Duo for people who want to get more done with the device in their pocket,” writes Panos Panay / Chief Product Officer, Windows + Devices. “Our internal research shows that three out of four people report struggling to complete complex tasks while away from their computer. That’s because smartphones with a single screen aren’t designed for you to easily do multiple things at once. Think about it. You continually have to switch between apps to get even the most essential things done – breaking focus, breaking flow. Just like using two monitors at your desk, having two distinct screens lets you open up two apps side by side, cross-reference information, and drag and drop to effortlessly move images, text and files between screens so you can get things done quicker. We know dual-screen devices not only help people complete complex tasks faster but also require less cognitive effort, making them universally preferred for productivity tasks.”

    The Duo starts at $1,399 and can be preordered at MicrosoftStore.com.

  • Mozilla Laying Off 250 Employees Due to Coronavirus

    Mozilla Laying Off 250 Employees Due to Coronavirus

    Mozilla has announced it is laying off approximately 250 employees, as a result of the effect of the pandemic on the company’s revenue.

    Mozilla laid off 70 employees back in January in an effort to help fund further innovation. At the time, CEO Mitchell Baker indicated there could be more layoffs in the future. At the time, however, no one could have predicted a worldwide pandemic, or the impact it would have on Mozilla’s business.

    “Today we announced a significant restructuring of Mozilla Corporation,” writes Baker. “This will strengthen our ability to build and invest in products and services that will give people alternatives to conventional Big Tech. Sadly, the changes also include a significant reduction in our workforce by approximately 250 people. These are individuals of exceptional professional and personal caliber who have made outstanding contributions to who we are today. To each of them, I extend my heartfelt thanks and deepest regrets that we have come to this point. This is a humbling recognition of the realities we face, and what is needed to overcome them.”

    While a difficult decision, Baker says it will help Mozilla be more nimble and competitive in the new tech climate.

    “So going forward we will be smaller.,” continues Baker. “We’ll also be organizing ourselves very differently, acting more quickly and nimbly. We’ll experiment more. We’ll adjust more quickly. We’ll join with allies outside of our organization more often and more effectively. We’ll meet people where they are. We’ll become great at expressing and building our core values into products and programs that speak to today’s issues. We’ll join and build with all those who seek openness, decency, empowerment and common good in online life.”

  • Dropbox CEO: Shift To Distributed Work Is Transformative

    Dropbox CEO: Shift To Distributed Work Is Transformative

    “We see the shift to distributed work as transformative as the shift to cloud or mobile,” says Dropbox CEO Drew Houston. “Our product is made for distributed work. Our customers have turned to Dropbox for flexibility with work since the beginning and post-COVID we’ve seen an uptick in demand. I see it making our opportunity a lot bigger. We’re in the first inning of this shift.”

    Drew Houston, founder and CEO of Dropbox, discusses how the shift to distributed work is as transformative as the shift to cloud or mobile:

    Shift To Distributed Work As Transformative As Shift To Cloud

    Our product is made for distributed work. Our customers have turned to Dropbox for flexibility with work since the beginning and post-COVID we’ve seen an uptick in demand. Most importantly, in the long run, we see the shift to distributed work as transformative as the shift to cloud or mobile. I see it making our opportunity a lot bigger. We’re in the first inning of this shift. None of the tools we’re using were really purpose-built for this environment and that’s what we’re focusing on. 

    That shift to working from home happened in the most dramatic and abrupt way possible. No one designed it. So back in March, we asked ourselves what if we made the work from home experience really great? What new tools and technology would you design for this world? We completely reoriented our product roadmap around the opportunity. That’s really what we’re focused on. I’m really excited about some of the launches we have for our second half.

    Dropbox Customers Tend To Employ Knowledge Workers

    We certainly have customers of all sizes including a lot of small businesses. Clearly, we’re all keeping an eye on the macro environment. It’s a challenging environment, but in general, Dropbox customers tend to be businesses that employ knowledge workers that can work from home and so they’re relatively less disrupted. Dropbox is often essential to their business operations as opposed to discretionary because all businesses need to collaborate around content. We’re keeping a watch on all the trends but we’ve seen a lot of health and stability in the business.

    We had a great quarter and we’re profitable. We had a bunch of great launches and we’re helping a lot of our customers with the shift to distributed work. These are the things we focused on. I fundamentally believe if you build great products and make your customers really happy your stock price will take care of itself in the long run.

    Dropbox CEO Drew Houston: Shift To Distributed Work Is Transformative
  • Huawei Running Out of Smartphone Chips Amid US Pressure

    Huawei Running Out of Smartphone Chips Amid US Pressure

    Huawei is facing a critical shortage of smartphone chips as a result of pressure from the US.

    In the aftermath of concerted efforts by US officials to isolate Huawei, the company is reporting that it is running out of smartphone chips and will soon have to stop production of its own Kirin chips, according to The Associated Press.

    Officials have maintained that Huawei represents a national security threat to the US and its allies. Among other things, there have been concerns over the unusually close ties between Huawei officials and Chinese intelligence. The US has banned Huawei and pressured allies to do the same.

    The US Commerce Department even modified the Entity List and Foreign Direct Product Rule to restrict Huawei’s access to needed technology. The Entity List and Foreign Direct Product Rule prohibits companies from buying products containing US technology, even if the manufacturer is a foreign company. This rule enabled the US to cut off Huawei from TSMC, one of their primary chip suppliers.

    Like Apple, Huawei uses outside contractors to manufacturer their chips. Being cut off from those contractors means the company is losing the ability to continue manufacturing them.

    “Unfortunately, in the second round of U.S. sanctions, our chip producers only accepted orders until May 15. Production will close on Sept. 15,” said Richard Yu, president of the company’s consumer unit. “This year may be the last generation of Huawei Kirin high-end chips.”

  • Capital One Fined $80 Million For Security Negligence

    Capital One Fined $80 Million For Security Negligence

    Capital One has been fined some $80 million by the government for failing to adequately protect consumer data.

    In 2019, Capital One suffered one of the largest financial hacks in history, exposing 80,000 bank account numbers and 140,000 Social Security numbers. The US Treasury Department’s Comptroller of the Currency said the bank was negligent when it transitioned to the cloud in 2015, and failed to properly implement the necessary security measures.

    In some cases, the company’s internal audit failed to catch security issues. In other cases, the Board of Directors failed to act on issues the internal audit did flag. As a result, the Treasury Department is fining Capital One $80 million, which the company has agreed to pay.

    Capital One’s example should serve as a reminder to companies that security should always be a prime consideration—not an afterthought.

  • Facebook’s Zuckerberg Not Happy With TikTok Ban

    Facebook’s Zuckerberg Not Happy With TikTok Ban

    Facebook CEO Mark Zuckerberg has expressed his concerns about an upcoming ban of social media app TikTok.

    TikTok has become widely popular around the world, and has been the big winner among social media platforms during the pandemic. Some might think a TikTok ban would be in Facebook’s best interest, but that isn’t how Zuckerberg sees it.

    According to BuzzFeed News, Zuckerberg said: “A lot of people are out there saying that this helps Facebook and my reaction to that is only in the most narrow sense. Yes, they are a competitor this year, and this month, next month maybe our engagement will go up. Maybe it will make Reels a little bit easier just to roll out. But you don’t run a company for the next month or the next quarter.”

    Zuckerberg is evidently concerned that banning TikTok sets a bad precedent that could one day be used by other countries to ban Facebook. It remains to be seen if a ban will actually happen, as the ban isn’t set to take effect until September 15. In the meantime, Microsoft is working to purchase TikTok’s US operations. Should that happen, the precedent Zuckerberg is worried about may never come to pass.

  • Canon Suffers Major Ransomware Attack

    Canon Suffers Major Ransomware Attack

    Cannon has suffered a crippling ransomware attack, impacting numerous services and resulting in data loss and theft.

    Cannon’s online photo and video storage service experienced a nearly week-long outage, as well as data loss for customers using the 10GB of free storage Canon offered. Despite the obvious problems, Canon was tightlipped about the issue, and refused to comment.

    In response, BleepingComputer set out to investigate. A source confirmed to BleepingComputer that Canon’s email, Microsoft Teams and other applications were all experiencing outages. BleepingComputer was also able to obtain a partial copy of a Maze ransomware note Canon allegedly received. After reaching out to Maze, Maze operators confirmed to the publication they had successfully breached Canon, although denied they were responsible for issues with the image site that initially prompted BleepingComputer to investigate. The hackers also claimed to have stolen some 10TB of data, including private databases.

    If the ransomware attack is as bad as the Maze operators are claiming, Canon is in a tough spot. While it’s understandable that they wouldn’t want to reveal details about the attack, being as tightlipped as they have been will likely backfire in the long run.