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The SaaS VC gap: China & other markets trail the US

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Chinese startups rule the roost when it comes to total reported venture dollars raised so far in 2018. That is, mostly. In one key category at least — software-as-a-service, better known as SaaS — they do not. Ant Financial  raised the largest-ever VC round in June,  a mind-boggling $14 billion in Series C  funding. And nearly a dozen privately held Chinese companies, including  SenseTime ,  Du Xiaoman Financial ,  JD Finance  and  ELEME , raised $1 billion (yes, with a “b”) or more in single venture rounds thus far in 2018. But if there’s one thing to note from that shortlist of 2018’s largest China venture rounds, it’s this: almost all of them involve consumer apps and services. Despite being one of the largest economies in the world and  currently holding the top spot  in the national venture dollar ranks, China doesn’t seem to have too much in the way of enterprise-focused software funding. But why trust your gut when...

NASA Revives Hubble Space Telescope After Three-Week Mechanical Failure

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"NASA's Hubble Space Telescope returned to normal operations late Friday, Oct. 26, and completed its first science observations on Saturday, Oct. 27 at 2:10 AM EDT," NASA reports.The observations were of the distant, star-forming galaxy DSF2237B-1-IR and were taken in infrared wavelengths with the Wide Field Camera 3 instrument. The return to conducting science comes after  successfully recovering a backup gyroscope , or gyro, that had replaced a failed gyro three weeks earlier. A gyro is a device that measures the speed at which the spacecraft is turning, which is necessary to help Hubble turn and lock on to new targets. One of Hubble's gyros failed on Oct. 5, and the spacecraft's operations team activated a backup gyro the next day. However,  the backup incorrectly returned rotation rates  that were far in excess of the actual rates. Last week the operations team commanded Hubble to perform numerous maneuvers, or turns, and switched the gyro between dif...

Hacker Discloses New Windows Zero-Day Exploit On Twitter

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A security researcher with Twitter alias SandboxEscaper—who two months ago publicly dropped a  zero-day exploit  for Microsoft Windows Task Scheduler—has yesterday released another proof-of-concept exploit for a new Windows zero-day vulnerability. SandboxEscaper  posted  a link to a Github page hosting a proof-of-concept (PoC) exploit for the vulnerability that appears to be a privilege escalation flaw residing in Microsoft Data Sharing (dssvc.dll). The Data Sharing Service is a local service that runs as LocalSystem account with extensive privileges and provides data brokering between applications The flaw could allow a low-privileged attacker to elevate their privileges on a target system, though the PoC exploit code (deletebug.exe) released by the researcher only allows a low privileged user to delete critical system files—that otherwise would only be possible via admin level privileges. "Not the same bug I posted a while back, this doesn't write...

Bosch unveils wide array of home appliances for Nigerian market

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Globally renowned Manufacturer, Bosch has unveiled a wide range of quality home appliances for the Nigerian market including; Refrigerators, Washing machines and Dryers, Dish washers, Gas and Electric cookers, Gas hobs, Extractors, Microwaves and a wide range of small domestic appliances. BSH (Bosch and Siemens Home Appliances) has signed a distribution agreement with Technology Distributions Ltd. (TD), Sub-Saharan Africa’s biggest distributor across a range of business segments including ICT and FMCG, that will see their products become widely available throughout the country and accessible at affordable prices. The devices, all manufactured with the high-grade precision and quality that Bosch is renowned for, come with extensive warranty solutions and after-sales support. Based in Germany, Bosch is globally recognized for their commitment to quality and dedication to producing innovative products, such as smart home appliances which can be operated remotely. The brand is ...

Twitter suspends accounts linked to mail bomb suspect

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At least two Twitter accounts linked to the man suspected of sending explosive devices to more than a dozen prominent Democrats were suspended on Friday afternoon. Cesar Sayoc Jr., 56, was apprehended by federal law enforcement officers in Florida on Friday morning. “Though we’re still analyzing the devices in our laboratory, these are not hoax devices,” FBI Director Christopher Wray said during a press briefing. Facebook moved fairly quickly to suspend Sayoc’s account on the platform, though two Twitter accounts that appeared to belong to Sayoc remained online and accessible until around 2:30 p.m. Pacific. Both accounts featured numerous tweets, many of which contained far-right political conspiracy theories, graphic images and specific threats. TechCrunch was able to review the accounts extensively before they were removed. Both known accounts, @hardrockintlet and @hardrock2016, contained many tweets that appeared to threaten violence against perceived political enemie...

Apply: Technovation Challenge 2019 for Girls Worldwide ($10,000 Prize & Funded Trip to San Francisco)

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Any girl or young woman (ages 10-18) interested in Technovation is eligible to compete, as long as she creates or joins a team on the Technovation online platform, has a signed parental consent form (which includes a photo waiver), and completes a pre-program survey. About the Program: Technovation is the world’s largest technology entrepreneurship program for girls aged 10-18. It runs across 100+ countries, supported by  Salesforce.org, Google.org, the Adobe Foundation, Uber, Samsung, BNY Mellon  as well as  UNESCO , the  Peace Corps , and  UN Women  ( see report, page 55 ). Through Technovation girls work with women mentors, find a problem in their community, develop a mobile app, and launch a startup. Technovation has been on for 9 years. In that time 23,000 girls around the world have developed mobile apps and startups to solve problems around a diverse range of problems, including food waste, nutrition, women’s...

Huawei competition aims to cultivate Nigeria’s local ICT talents

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In a statement,  Huawei said the aim of the competition in Nigeria is to cultivate local ICT talents, promote a greater understanding of ICT, increase interest and develop a healthy ecosystem for the sustainable growth of the sector. The selected universities include University of Nigeria, Ahmadu Bello University, Lead City University, America University of Nigeria and Federal University Technology. The contest will feature learning of various subjects including Cloud Computing, artificial intelligence, mobile networks and big data. At the “Nigeria ICT Talents Development Summit and Huawei ICT Competition Launch Ceremony” which will be held on Oct. 26th, at the Hilton Convention Center in Abuja, select universities will also sign MOU with Huawei to launch Huawei Authorized Information and Network Academy (HAINA) program in these universities. HAINA is a nonprofit ICT career certification program which aims to increase employment opportunities for young people by...