Newark Mayor Cory Booker cruised to victory in New Jersey’s special election tonight. As a long-term presidential hopeful, he’ll instantly become one of the Democratic Party’s most powerful voices. Booker represents a permanent shift in how Silicon Valley is trying to give an ideological overhaul to the Democratic Party. Booker is a world-class tweeter, co-founder to an ailing video startup, and beneficiary of Mark Zuckerberg’s $100 million education donation to Newark schools. But to see how Booker might act as a legislator, it’s helpful to look at the policies of other tech industry favorites in the Democratic Party. The Silicon Valley poster children, President Barack Obama, New York Mayor Michael Bloomberg, Cory Booker, and their new favorite, Ro Khanna are distinctly different than the traditional fight-for-the-underdog Democrat. Overwhelmingly they favor innovation and general prosperity over civil liberties and income redistribution. Mayor Bloomberg outright admitted that “we’re going to have more visibility and less privacy” in a candid radio Interview on his push for drone-powered surveillance. He also threatened to “fucking destroy” the taxi industry over its existential fight with ridesharing apps, Uber and Lyft. Obama has been an ardent supporter of union-less charter schools and the use of Massive Open Online Courses (MOOCs) in higher education, ignoring the cries of faculty unions. Booker, too, funneled a sizable portion of Zuckerberg’s donation to charter schools–on top of supporting limits on teacher tenure. As Mayor, instead of outlawing Stop-and-Frisk, the racially-charged practice of searching suspects on the street without a warrant, his approach was radical transparency. Every stop must now meticulously record the race, location, and reason; that data is then opened to the public for scrutiny. His novel approach won accolades from Newark’s American Civil Liberties Union for balancing public safety and individual rights. But, a traditional liberal would likely have just outright banned the practice. That is, one of Booker’s signature law enforcement measures was imbued with some Silicon Valley idealism: open the data and solutions will follow. As a Senator he’ll have a chance to bring an innovation-first approach to legislation. Here’s a few predictions, and an indication of the kinds of liberal policymaking that could become dominant within the Democratic Party. Private Sector Makeover Of Social Services – At the tech Mecca of the SXSW conference, Booker told me he as a fan of “social impact bonds”, which pays entrepreneurs handsomely for solving social ills better than the Continue reading
A new report from online advertising company Turn shows rising or steady eCPMs (the effective price paid by advertisers for every thousand impressions).
The Global Digital Audience Report is based on data from Turn’s marketing platform between July and September — the company says the platform has access to 2 trillion ad impressions and makes 100 billion ad impressions each month. Continue reading
With the rise of crowdfunding and easier paths to manufacturing, there are more gadgeteers than ever before. And we’re looking for some of the best hardware startups to compete on our Las Vegas stage for a giant $50,000 check, tons of publicity and the brand new Hardware Battlefield cup.
Four months ago, Anki co-founder Boris Soffman took the stage at Apple’s WWDC keynote. After years of stealthily toiling away in their labs with few outside of the company knowing their plans, the team unveiled their first product: Anki Drive, a racing game for the real world.
While the company has been somewhat quiet since their WWDC debut, they’ve just announced their plans to ship: come Oct. 22nd, Anki Drive will hit the shelves on Anki.com and at Apple Stores around the country. We swung by Anki HQ earlier this week to give their new cars a spin. Continue reading
Electricity in Jakarta, Indonesia costs three cents per kilowatt hour. That’s 30 cents less than power in the US and Europe. This means, all things being equal and provided you don’t mind your apartment heating up alarmingly, you can make a decent living mining for Bitcoin and Litecoin (another cryptocurrency) using powerful – and hot – graphics cards, each one running at 140 degrees Fahrenheit or more.
Email management company Boxer has raised $3 million in funding led by Sutter Hill Ventures. Proceeds will be used to expand the company’s engineering and design team and to build apps for other platforms, most notably Android. Along with the funding, Sutter Hill Ventures managing director Sam Pullara will join the Boxer board of directors. Continue reading
We’re partnering with UP Global on its upcoming UP America Summit and thanks to the University of Iowa, we’re kicking off the Summit festivities with an open-to-the-public Silicon Prairie Party on Tuesday, Oct. 22. Continue reading
LG is following Samsung’s example in providing a curved glass smartphone that makes no earthly sense, HTC is offering a fingerprint scanner that no one needs executed poorly, and Mad Catz is entering the crowded Android console space – for which there is no proven demand. Continue reading
IBM Revenues Down $1 Billion For Third Quarter As Hardware Sales Falter With Popularity Of The Cloud
IBM has reported its third-quarter revenues were $23.72 billion compared to $24.74 billion this time last year. The revenues were down due to the company’s underperforming hardware division, which is taking a hit with the growing popularity of cloud services. Revenues for the nine-month period totaled $72.1 billion, a decrease of 4 percent, compared with $75.2 billion for the nine months of 2012. Revenues in the hardware group were down almost entirely across the board. Revenues from its Systems and Technology segment totaled $3.2 billion for the quarter, down 17 percent from the third-quarter of 2012. Pre-tax income decreased $291 million to a loss of $167 million. Total systems revenues decreased 19 percent, and revenues from Power Systems were down 38 percent compared with the 2012 period. Revenues from System x were down 18 percent. Revenues from System z mainframe server products increased 6 percent compared with the year-ago period. Total delivery of System z computing power, as measured in MIPS (millions of instructions per second), increased 56 percent. Revenues from System Storage decreased 11 percent. Revenues from Microelectronics OEM increased 1 percent. Software revenues were up just 1 percent the prior year, showing again the company’s stagnating revenues in the third quarter. “Hardware is down as a trend,” said Ray Wang, co-founder of Constellation Research. “There is an impact because of cloud computing.” IBM had some of its best results with its cloud services efforts. Cloud revenue is up more than 70 percent year to date with revenue in third-quarter exceeding $1 billion, of which about $460 million is delivered as a cloud service. As more companies choose cloud services, it can be expected that this trend will continue for IBM and other enterprise providers. Continue reading