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June 17, 2019

Huawei says US ban will cost it $30B in lost revenue

Following a string of trade restrictions from the U.S., China’s telecoms equipment and smartphone maker Huawei expects its revenues to drop $30 billion below forecast over the next two years, founder and chief executive Ren Zhengfei said Monday during a panel discussion at the company’s Shenzhen headquarters.

Huawei’s production will slow down in the next two years while revenues will hover around $100 billion this and next year, according to the executive. The firm’s overseas smartphone shipment is tipped to drop 40%, he said, confirming an earlier report from Bloomberg.

That said, Ren assured that Huawei’s output will be “rejuvenated” by the [...]

 
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June 11, 2019

Apple joins the open-source Cloud Native Computing Foundation

The Cloud Native Computing Foundation (CNCF), the home of open-source projects like Kubernetes, today announced that Apple is joining it as a top-level Platinum End User Member. With this, Apple is joining 89 existing CNCF end-user members like Adidas, Atlassian, Box, GitHub, the New York Times, Reddit, Spotify and Walmart.

Apple, in typical fashion, isn’t commenting on the announcement, but the CNCF notes that end user memberships are meant for organizations that are “heavy users of open source cloud native technologies” and that are looking to give back to the community. By becoming a CNCF end-user member, companies also join the Linux Foundation [...]

 
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June 7, 2019

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

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 A16z 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 [...]

 
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June 7, 2019

Google warns banning Huawei could increase security risks

According to a Financial Times report, Google execs are concerned that banning Huawei could lead to increased security risks. Sources warn that if Huawei is not allowed access to Android updates, it could develop its own, similar software, which woul…
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