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Experts reveal how they localized their products and succeeded in Indonesia

  • At Startup Asia 2014 in Jakarta, our panel – Bao Jianlei of Baidu, Tesong Kim of VIP Plaza, Weihan Liew of Mainspring, and Paul Leishman of Coda Payments – discussed how they localized their products and thrived in Indonesia’s competitive market.
  • *Note: Tech in Asia‘s conferences used to be called Startup Asia.
  • This post Experts reveal how they localized their products and succeeded in Indonesia appeared first on Tech in Asia.]]>

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Why diagnosing Alzheimer’s today is so difficult–and how we can do better

  • We need a better way of diagnosing Alzheimer’s—like a simple blood test or eye exam—before we’re able to slow the progression of the disease.
  • It’s hard to come up with a game changing new drug without a cheaper and less invasive way to diagnose patients earlier.
  • That’s why my next investment in Alzheimer’s research is in a new fund called Diagnostics Accelerator.
  • This project of the Alzheimer’s Drug Discovery Foundation (ADDF) aims to accelerate bold new ideas for earlier and better diagnosis of the disease.
  • Diagnostics Accelerator is a venture philanthropy vehicle, which means it’s different from most funds.
  • Venture capital, on the other end of the spectrum, is more likely to develop a test that will actually reach patients, but its financial model favors projects that will earn big returns for investors.

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Darpa Plans a Major Remake of U.S. Electronics

  • In this case, we felt that an initiative was important, first because we’re concentrating on the electronic sector more than ever, and second because it’s the connectivity of many different projects.
  • So what we’re asking is: If you built a new radio from the ground up, what would it need to include to be able to have specialized resources like accelerators and yet also have the ability for a broad community to build on top of it?
  • IEEE Spectrum: So in a sense, you’re starting with software and then asking what kind of hardware you’d need to execute it?
  • We’re starting with all the algorithms that exist in the software-defined radio community, and then collecting the ones where it would be appropriate to do specialization of the architecture.
  • IEEE Spectrum: That sounds like the kind of thing big design automation companies would want to do.

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Andreessen Horowitz's newest general partner left a lasting impression on Chance the Rapper after she helped him enter the Chinese market

  • Venture capitalist Connie Chan is known in Silicon Valley for her expertise on the Chinese tech market.
  • But it turns out she also knows a thing or two about the international rap scene.
  • That factoid was revealed Tuesday by her boss, Andreessen Horowitz cofounder Ben Horowitz, in a blog post announcing her promotion to general partner of the firm.
  • Chan, who focuses on consumer startups, joined the firm in 2011 as an analyst before getting an unprecedented promotion to a top spot this week.

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Google eliminates Nest's CEO and tucks the once promising 'Other Bet' into another group

  • Google has removed the CEO of its Nest unit, which makes internet-connected thermostats and other devices, and will fold the business into another team within the company.
  • The shakeup is the latest strategic overhaul at Nest, which Google acquired for $3.2 billion in 2014 and was once considered one of the flagship standalone companies under the Alphabet umbrella organization.
  • According to CNET, which first reported the news, the change at Nest came after Google received complaints from employees about Fawaz's leadership, which anonymous sources described as more of an "operations manager" than a leader.
  • The Nest team will be integrated into Google's home devices division under the leadership of Rishi Chandra, vice president of product management and general manager of home products.
  • It was only six months ago that Nest operated as a separate division within Google's parent company Alphabet.

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An open letter to Elon Musk

  • In order to realize your mission, Tesla needs access to capital and the confidence of investors.
  • In our view, your outburst at analysts on the March 2018 earnings call, your ongoing frustration with short sellers and the media, your June email exchange with the saboteur, and your confrontation on Twitter with cave diver Vern Unsworth each raised flags with investors.
  • It's hard to imagine the responsibility and strain of managing several world-changing companies, but I'm confident that this letter represents the view of investors and customers who want to see you succeed.
  • Gene Munster is a managing partner at Loup Ventures, a research-driven, early stage venture capital firm investing in virtual reality, augmented reality, artificial intelligence and robotics.
  • Loup Ventures Disclaimer: we actively write about the themes in which we invest: virtual reality, augmented reality, artificial intelligence, and robotics.

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Andreessen Horowitz's newest general partner left a lasting impression on Chance the Rapper after she helped him enter the Chinese market

  • Venture capitalist Connie Chan is known in Silicon Valley for her expertise on the Chinese tech market.
  • But it turns out she also knows a thing or two about the international rap scene.
  • That factoid was revealed Tuesday by her boss, Andreessen Horowitz cofounder Ben Horowitz, in a blog post announcing her promotion to general partner of the firm.
  • Chan, who focuses on consumer startups, joined the firm in 2011 as an analyst before getting an unprecedented promotion to a top spot this week.

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Chatbots' impact on the payments ecosystem and how merchants can capitalize on them

  • One way they've been accessing consumers on these platforms is through chatbots, or software programs that use business-to-consumer (B2C) text-based messaging as an interface through which customers can communicate with merchants in a question-and-answer format.
  • But there's considerable friction — in chat apps, payments offerings are limited, which means users who might be browsing in a messaging app will still be redirected to another app or the mobile web to complete a purchase.
  • This is creating an opportunity for payments processors and card networks, which are beginning to partner with merchants to capture potential volume from chat apps.
  • But improvements in the ecosystem, combined with rising consumer appetite for these services and increasing trust, will eventually lead to moderate gains in usage that open up a massive volume opportunity for Western firms.
  • Business Insider Intelligence, Business Insider's premium research service, has put together a detailed report on chatbots' role in the payments ecosystem.

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Google eliminates Nest's CEO role and tucks the once promising 'Other Bet' into another business group

  • Google has removed the CEO of its Nest unit, which makes internet-connected thermostats and other devices, and will fold the business into another team within the company.
  • The shakeup is the latest strategic overhaul at Nest, which Google acquired for $3.2 billion in 2014 and was once considered one of the flagship standalone companies under the Alphabet umbrella organization.
  • According to CNET, which first reported the news, the change at Nest came after Google received complaints from employees about Fawaz's leadership, which anonymous sources described as more of an "operations manager" than a leader.
  • The Nest team will be integrated into Google's home devices division under the leadership of Rishi Chandra, vice president of product management and general manager of home products.
  • It was only six months ago that Nest operated as a separate division within Google's parent company Alphabet.

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Photo shows the moment John Kelly accidentally turned off the lights as Trump backed down from his election meddling comments

  • A photo taken by Washington Post photographer Jabin Botsford shows the moment White House chief of staff John Kelly accidentally turned off the lights as President Donald Trump spoke to reporters at the White House on Tuesday.
  • Trump's correction took place a day after his joint press conference with Russian President Vladimir Putin.
  • During his summit, Trump failed to back US intelligence assessments and stopped short of condemning Russia's election interference.

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