James Maloch

James Maloch

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Brex, a fintech unicorn, is one of the most interesting companies in Silicon Valley. We identified the 13 employees that Brex assembled to help the financial-services startup take on traditional financial institutions in 2020. The power players include employees who helped launch its bank-account product, Brex Cash, and people working with existing customers and recruiting new ones for the flagship corporate-credit-card product. Click here to read more BI Prime stories. Brex, simply put, is a startup for startups. A venture-backed company can have millions in the bank and not get approved for a credit card. That's because the traditional financial institutions want to see a credit history, which few new companies have, before issuing that precious piece of plastic. Brex solved for the problem by giving corporate credit cards to startups based on their available cash balance — including money raised through venture funding — and using data to predict a startup's future ability to pay. In the past year, Brex grew beyond its roots as a "black card for startups" to include a bank-account product that gives customers the ability to send payments, new credit cards with rewards tailored for e-commerce and healthcare businesses, a members-only lounge, and a restaurant. Each new product brings Brex closer to the financial-services leaders it wants to unseat. Henrique Dubugras, the company's 24-year-old cofounder and chief executive, told Business Insider that in the long run, the goal is not to become a bank — but to create a collection of products for saving and spending money, in the same way that Apple owns computing through its product suite. With a private-market valuation of $2.6 billion, Brex has plans to double its staff to 800 employees this year, adding to a powerhouse team of financial-services veterans and tech-giant alumni. This list of top employees is focused on staff who are helping the company take on legacy finance institutions, as opposed to the technical talent at the startup. They include the people tasked with raising funding, rolling out new products, keeping customers happy, and signing on rewards partners, as well as the people responsible for plastering San Francisco with Brex advertisements.   Meet the 13 power players of Brex:SEE ALSO: Brex, the $2.6 billion credit card company for startups, explains why it's getting closer to traditional finance with its new Brex Cash bank account product DON'T MISS: Brex raised $57 million from Peter Thiel and Y Combinator using these 19 slides Michael Tannenbaum, chief financial officer Michael Tannenbaum was the architect of Brex's flagship product, which allows startups to get approved for corporate credit cards based on their available cash balance — including venture capital — rather than credit history. The company uses data to forecast cash balances and determine the startup's future ability to pay, the idea being that it could cut off customers before they go into credit-card debt. A former investment-banking analyst, Tannenbaum started working at Brex when the company was just an idea staged in the cofounder's kitchen. He was hired to develop its credit-card model and to build credibility with financial partners, including banks and lenders. As chief financial officer, he oversees finance, operations, capital markets, corporate development, and credit. Larissa Rocha, chief community officer As employee No. 1 at Brex, Rocha has held a variety of roles, but she has always maintained the "doer" mindset that Brex cofounders Dubugras and Pedro Franceschi gave her in her first position. Rocha joined the startup two weeks after her graduation from Harvard University. Over the years, she built a customer-support team, helped land the company's first customers, and oversaw its foray into restaurants and community spaces. She even ran strategy for recruiting engineers. "When Henrique explained the new role for me, that was my first time hearing a lot of those developer terms," Rocha said. Now Rocha is chief community officer and creates programming for Brex's customers. She said that since Brex is itself a startup, she's been able to help other Brex members navigate similarly difficult and less-than-well-defined issues she has successfully overcome.   Katie Biber, Chief Legal Officer Katie Biber joined Brex in July to lead its legal and compliance teams as the startup was launching an FDIC-insured bank account product for its customers.  The former legal executive oversaw compliance initiatives at major tech startups like Airbnb, Thumbtack, and crypto startup Anchorage following years of work as a political lawyer. "I committed to giving the tech industry a 2-year effort and it stuck," Biber told Business Insider in July. Like Dubugras, Biber sees opportunity for Brex and other startups in highly regulated industries like finance, to build trust with customers by working within those traditional bounds instead of breaking them down. "The market opportunity for Brex is really immense because it has defined a category and now others are rushing to fill it," Biber said. "It reminds me of a campaign that just hits it spot on. You can have the slickest ads, but if your candidate doesn't strike a chord with voters you are staring down empty stadiums. I see that all coming together at Brex." Marco Mahrus, vice president of payments Marco Mahrus was working to develop underwriting improvements at Uber when a friend introduced him to the Brex team. The Harvard MBA grad had spent years working in finance at big tech companies and smaller startups and wasn't ready yet to make the switch. By 2019 that changed, and Mahrus was ready to jump on Brex's rocketship. As head of payments, Mahrus is responsible for building the underlying infrastructure that keeps Brex running. He has spearheaded efforts to integrate Apple Pay and Google Pay in addition to managing all profits and losses on the corporate-cards side of the business.  "Brex is known for corporate-card payments and now a cash-management account, but under the hood is a core banking platform developed from the ground up to address startup and SMB financial services," Mahrus said. Thomas Piani, product director for Brex Cash Choosing a credit card often comes down to which has the most useful rewards. Thomas Piani was hired in 2018 to design the company's rewards program to go head-to-head with those of competitors like American Express or Chase Bank.  He landed the startup's first airline partnership, which let Brex customers spend their rewards on miles, and led the initiative around its first cobranded credit card with Bank of the West. Today, Piani oversees the company's second product, a no-fee credit card for e-commerce companies. His team rolled out a suite of rewards tailored to those businesses, such as discounts on shipping and advertising through partnerships. Roni Saporta, director of capital markets Because Brex's core business is extending credit to customers, it relies on raising debt from big institutions on Wall Street, regional banks, and asset managers to finance those credit-card transactions. Roni Saporta helped the company close two massive fundraising events last year: a $100 million round of debt financing from Barclays in June and a second round from Credit Suisse that totaled $200 million. As a director of capital markets, she's tasked with building relationships with investors and negotiating deal terms. Before Brex, Saporta was an associate at Credit Suisse in New York. Mira Srinivasan, head of credit Taking on entrenched financial-services companies like American Express is a daunting undertaking, to say the least. But Brex has a secret weapon: Mira Srinivasan, a former vice president of American Express. Srinivasan joined Brex in 2019 to build the kind of credit policies and procedures that the startup is banking on to unseat her former employer. She takes a veteran's approach to risk monitoring and assessment by instituting old procedures, like collections, with a startup slant. By using data that other institutions don't have, Srinivasan's team is able to more accurately predict and manage risk to the benefit of Brex and its customers, she said. "Most traditional finance institutions do not have this flexibility, as they are bound by legacy infrastructure," Srinivasan said. Before Brex, she led risk management at American Express for 12 years. She was previously a research analyst at McKinsey in its corporate-finance division. Miguel Rios-Berrios, director of engineering and head of data Miguel Rios-Berrios got his engineering degree from the University of Puerto Rico at Mayaguez before heading to the University of Maryland for his Masters. He never finished the program, and instead landed an internship at Twitter in 2010. There, he learned the ropes of the tech industry and quickly rose the ranks of the engineering organization, eventually becoming the head of data science. A company spokeswoman said Brex set out on a year-long search for its new head of engineering late last year. The startup was rapidly growing the team as it continued to add new products and services at a break-neck pace, and needed someone to lead the team. Rios-Berrios had the experience Brex was looking for, and he joined the startup in October. In his role, Rios-Berrios leads the teams responsible for data products, data platforms, risk, and analytics. He is also an active member of Brex's diversity council, according to a company spokeswoman.   Erica Dorfman, vice president of treasury and capital markets Erica Dorfman joined Brex in August 2019 to lead liquidity, cash management, and debt financing for the startup's suite of credit products. With her team, Dorfman has raised $500 million in debt financing for Brex, and most recently helped launch its newest service, an FDIC-insured Brex Cash account for startups. Dorfman entered the fintech world after several years working in a traditional finance role on Wall Street. She oversaw capital markets initiatives at student loan startup SoFi before leading finance and operations at finance automation startup Tally.    Ritik Malhotra, product director for special projects Ritik Malhotra joined Brex as part of the acquisition of his company, Elph, which let users manage their cryptocurrency holdings across apps in one place. His team got to work immediately on Brex Cash, the startup's answer to bank accounts. The product will give customers the ability to store money, earn yields, and send payments in less than a minute, according to the company. It is still being tested and has a waitlist of startups. Malhotra said he spends a lot of time trying to suss out where traditional finance institutions fall short to help Brex Cash solve for customer frustrations. Camilla Morais, vice president of operations and financial planning Camilla Morais, the vice president of finance, runs internal finance for the fast-growing startup. She's responsible for the teams that raise money from capital markets and ensure the unit economics that make investors happy to see. She also manages head count and office planning as the company seeks to double its workforce. When she joined in 2018, Morais worked on designing the financial models that Brex used for its flagship corporate credit card. Since then, she has also had a hand in overseeing Brex Cash, the startup's bank-account product, and offerings for e-commerce and healthcare startups. "Speaking with investors is part of my day-by-day at Brex, whether or not we are fundraising," Morais told Business Insider. "It's always important to build a relationship with our current and future investors before the needs come. But there is much more than that." Before Brex, Morais was a director of marketing and business planning for Kraft Heinz in Chicago. Kira Klaas, director of brand On marketing, Brex has to compete with traditional financial institutions — many of which have branch locations and airport lounges — on a fraction of their budgets. Kira Klaas, who works on the startup's mission and brand messaging, convinces startups to put their trust in the lesser-known entity. Her job is to develop customers who believe so strongly in Brex's story and how it creates value that they try to convince others to sign up.  Last year, her pièce de résistance was Brex's advertising takeover at TechCrunch Disrupt, a San Francisco conference attended by thousands of tech workers. Dubugras announced its new product Brex Cash onstage, and within minutes, 257 billboards, bus stops, and news-rack advertisements across the city were swapped out to promote the launch. She said the company passed its goal for sign-ups by 273% at launch, and the waitlist has been growing steadily since. Arthur Levy, vice president of business development In early 2019, Arthur Levy was the company's first business-development hire, and since then, he has built a team and strategy around creating partnerships that add value for Brex's customers. Brex's chief financial officer called Levy the "mastermind" behind the company's new partnership with JetBlue, which allows startups to cash in points for miles. He spent many hours flying to New York to convince the airline to give select customers preferred status and later to allow all customers to transfer rewards. Levy also oversees high-profile deals and partnerships with Intuit, NetSuite, Amazon Web Services, WeWork, and Zoom. His team drives almost 40% of new revenue every month, the startup said.
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Save big on the latest MacBook deals, with big savings on Air and Pro models with free AirPods available as well.
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The more we’re closing towards the holiday season, the more fresh leaks we’re receiving on the much-awaited Sony PS5 and Xbox Series X gaming consoles. ... The post Here’s why Sony PS5 might cost more than its rival Microsoft Xbox Series X appeared first on Gizchina.com.
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The shared-office model has been disrupted both by the Covid-19 pandemic and WeWork’s scrutinized business.
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Amazon is in talks with the biggest mall owner in the US to take over retail space and turn them into giant Amazon fulfillment centers, The Wall Street Journal reported Sunday. The deal could involve Amazon taking over spaces formerly occupied by Sears and JCPenney, both of which have filed for bankruptcy and closed dozens of stores. Amazon would benefit by gaining well-located warehouse space in cities and could decrease delivery time on orders, but fulfillment centers wouldn't attract much clientele to ailing malls. Visit Business Insider's homepage for more stories. Malls across the US — struggling to stay in business as shoppers increasingly turn to e-commerce — could soon be transformed into Amazon fulfillment centers. Amazon is reportedly in talks with Simon Property Group, America's biggest mall owner, to turn empty retail space into Amazon warehouses that process and ship online orders, according to a Wall Street Journal report. As part of the deal, Amazon could take over former anchor department-store spaces previously occupied by Sears and JCPenney, both of which have filed for bankruptcy and closed dozens of stores in recent months. Simon is pursuing an acquisition of JCPenney, which would grant the landlord more control over how current and former store spaces are used. The deal could benefit Amazon by providing well-located warehouse space in cities across the US, potentially allowing the online retailer to decrease its delivery times on shipments. Some of Amazon's existing fulfillment centers already occupy old strip malls that have gone out of business. Amazon spokesperson Rachael Lighty told Business Insider that the company would not comment on "rumors or speculation." Mall landlords typically prioritize finding tenants that will bring in new customers, like stores and gyms. Amazon fulfillment centers wouldn't draw people other than their own employees. But amid the COVID-19 pandemic, traditional retail stores have seen revenues waver, while Amazon's sales have surged. Read more: Bankrupt JCPenney said it would have to close about 30% of its stores. Here are all the closures it announced so far. In their recent showdown with Congress, the tech titans argued they hadn't grown too powerful. The days that followed told a very different story. Shopify's CEO says Amazon isn't a competitor, but Amazon's CEO says it is. Here's what experts say the real relationship is. Real-estate developers are betting on a risky strategy to reimagine retail space as apartments or last-mile logistics in hopes of rescuing struggling shopping centers Join the conversation about this story » NOW WATCH: Leslie Odom, Jr.'s $500,000 gamble that led to a starring role in 'Hamilton'
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The security and perks of using a VPN online are fantastic, but the choice is vast. We’ve rounded up the best VPN deals.
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VIVO had applied for the registration of the iQOO Pad and iQOO Book trademarks in June, and has now finished receiving papers and is under ... The post VIVO Registers iQOO Pad and iQOO Book Trademarks appeared first on Gizchina.com.
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The iPhone 12 and iPhone 12 Pro will likely split down the middle, with release dates for the 12 coming first, then the Pro at a later date. A note came from analyst Ming-Chi Kuo on the subject, with a focus on camera quality. The issue seems to have been with the lenses used a few models when put under … Continue reading
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TikTok has become an apple of discord in China-US war. We have talked about this in every detail. And though there are several scenarios how ... The post TikTok Launches Its First TV App Called More On TikTok appeared first on Gizchina.com.
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T-Mobile has stated it is now targeting Verizon’s crown with AT&T in the rear-view mirror, but the subscriber statistics don’t necessarily support the boasting.
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Pop-up blockers are built into common web browsers to prevent unwanted pop-up windows from interfering with and cluttering your browsing experience.  Most pop-ups are ads, malware, and other unwanted windows. But sometimes you'll encounter web pages that require pop-ups, so you might need to disable your pop-up blocker occasionally.  You can find the pop-up blocker in your browser's settings or options, in the privacy or site permissions section.  Visit Business Insider's Tech Reference library for more stories. Unwanted pop-ups were once one of the most annoying aspects of browsing the web, with ads and other pop-ups frequently littering the screen.  These days, most browsers have built-in pop-up blocking features that have made this a problem of the past. In fact, now it's more likely you'll need to disable your pop-up blocker for various reasons. Advantages of pop-up blockers Pop-up blockers automatically prevent small pop-up windows from interfering with your web browsing.  In general, most pop-ups are a nuisance – they are usually advertisements and can even be malware, and most people would prefer not to see them. As a general rule, you should leave your browser's pop-up blocker turned on to avoid getting these pop-ups.  Disadvantages of pop-up blockers Some websites use pop-ups as an essential part of site navigation. A pop-up might be part of the login process, help you sign up for a newsletter, or enable a custom feature on the site.  Some sites simply might not work properly without being able to open a pop-up. In this situation, you need to allow pop-ups for that site or disable pop-ups for it to work.   How to turn pop-ups on or off in Google Chrome 1. In Chrome, click the three-dot menu at the top right of the screen and click "Settings." 2. On the left side of the page, click "Privacy and security." 3. In the "Privacy and Security" section of the page, click "Site settings." 4. Scroll down to the "Content" section and click "Pop-ups and redirects." Here you can turn pop-ups on and off and add exceptions to the list of sites that are allowed or not allowed to use pop-ups.  How to turn pop-ups on or off in Firefox 1. In Firefox, click the three lines at the top right of the screen and then click "Options." 2. On the left side of the page, click "Privacy and Security." 3. Scroll down to the "Permissions" section. You should see the option to "Block pop-up windows." You can enable or disable it with a checkmark, and use the "Exceptions" button to control which sites are allowed to show pop-ups.  How to turn pop-ups on or off in Microsoft Edge 1. In Edge, click the three-dot menu and then click "Settings." 2. On the left side of the page, click "Site permissions." 3. In the main part of the page, click "Pop-ups and redirects." Here you can enable or disable pop-ups and specify exceptions to allow pop-ups on certain pages.  Related coverage from Tech Reference: How to stop pop-ups on a Windows 10 computer, both from the internet and your system How to block pop-ups on your iPad in Safari, for a smoother web-browsing experience How to stop pop-ups from appearing on your iPhone's Safari browser How to block pop-ups on a Mac computer's Safari browser, and avoid fraudulent websites How to allow pop-ups on a Mac computer while using a Safari browser SEE ALSO: The best laptops Join the conversation about this story » NOW WATCH: What it takes to be a PGA Tour caddie
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How to survive a pandemic Western Digital ended the year on a relative high as the work-from-home trend across much of the world led to a buying frenzy from cloud builders expanding their data centres to feed demand.…
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Disney is launching Star, a brand-new streaming service set to launch outside the US in 2021.
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A newly published observational study has found a link between laughing on a regular basis and an increased ability to deal with stressful situations. Though that aspect of the study wasn’t terribly surprising, researchers also found another element that they describe as unexpected — the intensity of the laughter didn’t have any impact on the benefits from it. Life is … Continue reading
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Apple CEO Tim Cook says Apple does "not have a dominant market share" in any market where it does business. This is part of his testimony at the anti-trust hearing later tonight.
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Most Chromebooks are affordable, but you can get some for an even price. Here are the best Chromebook deals around.
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A report has claimed that the French cyber-security authority has told operators won’t renew the licenses for any Huawei kit they buy once they expire.
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Donald Trump finally admitted that the Covid-19 pandemic would get worse in the US before getting better after months of resisting making a nationwide call for masks and pushing for schools and businesses to reopen.“It will get worse before it gets better,” Trump said during a briefing Tuesday of the resurgence of the coronavirus across the country. “That’s something I don’t like saying, but it is.”Trump also urged people in the US to wear masks for the first time during a live press conference, though he did not issue a national mandate.“We’re asking everybody that, when you’re not able to socially distance, wear a mask,” Trump said. “Whether you like the mask or not, they have an impact. They have an effect. We need everything we can get.”However, Trump later claimed that the “virus will disappear” without providing proof.No medical experts, including coronavirus task force members Dr Anthony Fauci and Dr Deborah Birx, spoke.This was the first time Trump has spoken at a White House task force coronavirus update since late April when the death toll in the US was nearing 55,000. As of Tuesday, the death toll was over 140,000 people, and there had been 3.8 million coronavirus cases reported in the US.The president started the press conference by referring to the virus as the “China virus,” a phrase many have pointed out is offensive, and later blamed China for not stopping the spread of the pandemic.“China should’ve stopped it,” Trump said.While Trump praised himself for shutting down travel into the US earlier in the pandemic, he didn’t mention the administration’s failures, such as its inability to equip doctors with protective gear as the virus spread earlier this year.Trump also made no mention of his efforts to reopen the US economy despite the public health threat posed by the virus.He did highlight a surge of cases in Southern states and praised Florida governor Ron DeSantis for his handling of the outbreak. (Florida is experiencing an extreme surge in cases and DeSantis has yet to issue a statewide face mask mandate.)“We have embers and fires. We have big fires. Unfortunately, now Florida is in a little tough, or in a big tough position. You have a great governor there,” Trump said.On Twitter, many people were surprised by Trump’s response when a reporter asked him about Ghislaine Maxwell, a British socialite who was arrested and charged with helping bring young girls to Jeffrey Epstein for sexual exploitation.Trump noted that he had met Maxwell “numerous times,” adding that she lived in Palm Beach, but he also said he hadn’t been following the case.“I just wish her well, frankly,” Trump said. “I’ve met her numerous times over the years, especially since I lived in Palm Beach and I guess they lived in Palm Beach. But I wish her well, whatever it is.”Related... 'I Wish Her Well': Trump Comments On Ghislaine Maxwell During Revived Covid Briefing Who Is Ghislaine Maxwell, The Woman Arrested On Suspicion Of Helping Jeffrey Epstein Groom Girls?
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The CEO of Vlocity, which Salesforce bought for $1.33 billion, showed that Salesforce was doubling down on the industry specific sales strategy introduced by former co-CEO Keith Block. Vlocity's CEO recently said that Salesforce's industry cloud products saw 71% growth in average order value from a year prior and have 4,000 customers and 2.8 million monthly active users. The industry specific strategy could lead to "stickier" customers that tend to stick with the products and pay more over time, one analyst said.  Click here to read more BI Prime stories.  Salesforce $1.33 billion acquisition of Vlocity, which closed in June, is already showing signs of success.  The startup made software for specific industries, like insurance, healthcare, and the public sector, that sat on top of Salesforce's platform, and the acquisition was seen as Salesforce's way of doubling down on the industry-specific sales strategy that former co-CEO Keith Block introduced before he left the company.  Vlocity's CEO and founder David Schmaier, who was named CEO of Salesforce industries in June, shared at the company's developer conference last week that the average order value of Salesforce's industry cloud products grew 71% from a year prior. Those products now have 4,000 customers and 2.8 million monthly active users, Schmaier added.  At the time of the acquisition, Salesforce had five industry specific cloud offerings: financial services, health, government, manufacturing, and consumer goods. Vlocity added more capabilities to the first three and added industry-specific tools for communications, media and entertainment, and energy and utilities.  Industry cloud was "already a big part of Salesforce," Schmaier said, "And it's one of the fastest growing product lines and one of the fastest growing parts of Salesforce today."  When Salesforce announced the acquisition, several analysts saw it as an effective way for the company to continue building out its industry specific sales strategy as Keith Block left. These new metrics show progress and are a good sign because industry-specific customers tend to stick with the products and pay more over time, according to Baird analyst Rob Oliver. "We have long been bullish on CRM's vertical industries strategy and believe Vlocity is poised to accelerate those growth efforts by broadening and strengthening CRM's current vertical market offerings," Oliver in a research note to clients after the conference. "Our thesis is that vertical customers are stickier and willing to pay more over time."  The industry-specific strategy has resulted in more value for both Salesforce and its customers because the tools being offered are truly helping to drive digital transformation for companies, Oliver said. Additionally, the strategy is growing Salesforce's total market opportunity, as the specialized tools are more attractive to organizations that may not have thought they needed customer relationship management software, he said.  Now that the acquisition has closed, Vlocity added 1,000 employees to the team working on Salesforce's industries products, bringing the total to 3,000, with Schmaier leading the charge.  As of now, Salesforce's Health Cloud is the fastest growing industry cloud option, especially given the contract tracing and Work.com tools for reopening safely that Salesforce recently introduced. Got a tip? Contact this reporter via email at [email protected] or Signal at 925-364-4258. (PR pitches by email only, please.) You can also contact Business Insider securely via SecureDrop.Join the conversation about this story » NOW WATCH: How 'white savior' films like 'The Help' and 'Green Book' hurt Hollywood
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Illustration by Alex Castro / The Verge Facebook has removed one of the largest anti-mask groups on its platform for violating its policies against spreading misinformation about COVID-19. The About section of the public group Unmasking America! — which had more than 9,600 members — described it as “here to spread the TRUTH about masks!” It made several claims which have been widely debunked about masks obstructing oxygen flow and having a negative psychological impact. “It is a psychological anchor for suppression, enslavement and cognitive obedience. When you wear a mask you are complicit in declaring all humans as dangerous, infectious and threats,” the post stated. It is one of dozens of such groups easily found in a search for “unmasking” on Facebook. Some of the groups... Continue reading…
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On July 14, the UK announced that from next year it will be illegal for telecoms operators to buy 5G equipment from Huawei. Operators must remove all existing Huawei 5G kit by 2027. The Observer reports that, in the days before the announcement, government officials briefed Huawei that the motivations behind the decision were partly geopolitical. The Trump administration was exerting pressure on the UK, they reportedly said. They also hinted the ban could be revisited if Trump loses the 2020 election and pressure from the US abates. Visit Business Insider's homepage for more stories. The UK is bracing Huawei for a potential reversal of its 5G equipment ban should Donald Trump lose November's presidential election, according to a report by The Observer newspaper. On July 14, the UK government announced it would next year ban telecoms companies from buying Huawei 5G equipment, and mandate they remove all existing Huawei 5G kit by 2027. Culture minister Oliver Dowden said the UK ban was designed to be "irreversible." This followed a May announcement from the US government that it would stop US companies from selling semiconductors to Huawei.  According to the Observer report, UK officials told Huawei that the decision was partially driven by pressure from the US. They suggested the ban could be revisited if Donald Trump fails to win the 2020 presidential election, and US pressure abates. The Observer did not give any detail about its sources, and Huawei did not immediately respond to Business Insider's request for comment.  The US claims Huawei acts as a proxy for the Chinese government to spy, and has been vocally lobbying allied countries, including the UK, to ban Huawei's 5G equipment since early 2019. After the latest US sanctions, related to semiconductors, culture minister Olivia Dowden said the UK "can no longer guarantee the safety" of Huawei's kit. The UK's announcement constituted a U-turn — in January, the UK announced that it would allow Huawei to play a limited role in building out the country's 5G network, despite US pressure.  In a statement issued after the announcement of the ban on July 14, a Huawei spokesperson told Business Insider: "Regrettably our future in the UK has become politicized, this is about US trade policy and not security." "We will conduct a detailed review of what today's announcement means for our business here and will work with the UK government to explain how we can continue to contribute to a better connected Britain," the spokesperson added. Less than a week after the 5G decision was announced, Huawei revealed it will build three retail "experience" stores in the UK.Join the conversation about this story » NOW WATCH: How waste is dealt with on the world's largest cruise ship
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Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Hannah Arendt used to say: Success is just a product of your motivation! Bitcoin price We closed the day, July 16 2020, at a price of $9,132. That’s a minor 0.65 percent decline in 24 hours, or -$59.75. It was the lowest closing price in ten days. We’re still 54 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017). Bitcoin market cap Bitcoin‘s… This story continues at The Next WebOr just read more coverage about: Bitcoin,Twitter
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All the world's accounts at their fingertips, yet the hackers went for a Bitcoin scam. Why? Plus more tech news today!
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Here's how the first Arab attempt to reach the Red Planet will endeavour to make history.
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The artist formerly known as Advanced Computer Software Group confirms redundancies Brit-based software biz Advanced has confirmed to The Register it is trimming the workforce in response to the commercial impact of COVID-19, with 150 people understood to be leaving the organisation.…
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(Eindhoven University of Technology) Perovskiet solar cells are at the center of much recent solar research. The material is cheap and almost as efficient as silicon. However, perovskite cells have a love-hate-relationship with the sun. The light they need to generate electricity, also impairs the quality of the cells, limiting efficiency and stability over time. Research at the Eindhoven University of Technology and universities in China and the US now sheds new light on the causes of this degradation.
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You can add a column in Excel by right-clicking or using the "Insert" option in the "Home" tab.Visit Business Insider's homepage for more stories.Columns organize data in Excel, and are often used as categories with headers to sort cells.You can simply right-click on an existing column to add another column immediately before it.To add multiple columns, highlight the desired number of columns before clicking "Insert."Check out the products mentioned in this article:
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A few days Nokia and Flipkart announced that they are collaborating to bring Nokia-branded smart TVs to the Indian market.At the time, there was no information about the Nokia TV.The most recent report regarding this TV shows that it has gotten the certification of the Bureau of Indian Standards (BIS).This certification shows that the Nokia TV will feature a 55-inch 4K UHD panel.According to a BIS certification, the Nokia smart TV comes with model number 55CAUHDN.Besides this, there is not much information about this TV.
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Xpeng Motors has brought onboard smartphone maker Xiaomi as a strategic investor, as the Alibaba-backed new energy vehicle (NEV) startup announced $400 million in Series C funding.Why it matters: Xpeng’s hefty haul comes against a macro-industrial backdrop of falling sales after subsidies for electric vehicles were cut over the summer, creating an increasingly difficult funding environment for NEV startups.Major players including Nio are struggling to get close to sales targets as NEV deliveries stalled in the second half of the year.Sales fell sequentially for three consecutive months beginning in July, while year-on-year rates of decline deepened from 4.7% in July to 34.2% in September.It is a business that is still very much in the ramping up stage and we have to invest in research and development, in building our sales and services network, and completing our manufacturing plant, which we aim to have built by the end of this year.We have been working closely with Xiaomi on smart devices and they have the IoT leadership in China, and even globally, and smart auto could be a very good extension of the ecosystem.”
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Within the next two years, the US and Europe will require all new electric and hybrid vehicles to make noise at low speeds so pedestrians hear them coming.But automakers and regulators are still not settled on what that noise should sound like.The idea was developed in cooperation with digital innovation firm The Electric Factory, a professional sound designer, and a “smart cities expert.” The group doesn’t go into too much detail on the website for the project, which is called Hy (an abbreviation of “harmony”), but a press release accompanying the announcement explains that they chose certain bandwidth and frequency ranges that are supposed to generate “improvements in growth, biomass, stomata (which favors water absorption and light use), and favoring cell division, fluids in cell walls, and protective enzymes.”It’s a kooky idea, especially when viewed through the Hy Project’s promotional video, which could nearly be mistaken for parody.But as other automakers hesitate to share their low-speed noise plans, or in some cases even lobby for delays in the regulations, Ayax president Alejandro Curcio sees an opportunity for both his company and his country.As the first company in Latin America to assemble Toyota’s Hilux pickup truck in the 20th century, Curcio says the Japanese automaker (along with other companies) has continued to use Uruguay as a test bed for new ideas.
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