“Personally, I'm not afraid of a robot uprising. The benefits far outweigh the threats.”Robots are everywhere. Healthcare, logistics, manufacturing and other critical areas of the economy are being redefined by the robotics and artificial intelligence advances of today’s technology entrepreneurs. With this explosion we are seeing an extraordinary growth in private investment in robotics companies. According to research firm CB insights, VC investments in robotics more than doubled in 2015 to $587 million, excluding drones. In addition to increased investment we are also seeing a flourishing of M&A transactions in the robotics space. Google’s shopping spree was well-publicized (8 robotics acquisitions in a several month period) but the trend has accelerated since then with 32 acquisitions in 2015 totaling over $2.27 billion according to The Robot Report. Just as each warehouse logistics robot or copter-drone will utilize different … [Read more...] about Preparing for an Exit: Selling Your Robotics Company
Screen scraping is a problem that has vexed website owners since the early days of e-commerce – how to make valuable content available to users and customers, but prevent competitors from accessing such content for commercial purposes. Even in the advent of social media, mobile commerce, and advanced software, the issue remains relevant to today’s companies, as evidenced by the craigslist’s victory this past week against an aggregator that had formerly scraped its user postings.An ongoing dispute from this past winter that we have been watching has raised these long-standing issues anew.Heritage Auctions, a major auction house that specializes in rare coins, entertainment memorabilia and natural historical items, has brought a multi-count suit against Christie’s, alleging that its competitor scraped millions of proprietary and copyrighted photos and listings from Heritage’s website and reposted them on its own subscriber-only auction site … [Read more...] about Auction House Accused of Scraping Competitor’s Web Listings
Legislative ActivityHouse Commerce Committee Leaders Press FCC to Delay Vote on Incentive Auction ProceduresOn July 14, Rep. Fred Upton (R-MI), Chairman of the House Committee on Energy and Commerce (House Commerce Committee), and Rep. Greg Walden (R-OR), Chairman of the Subcommittee on Communications and Technology (Communications Subcommittee) of the House Commerce Committee, wrote a letter to Federal Communications Commission (FCC) Chairman Tom Wheeler asking the FCC to postpone a vote on a Public Notice regarding the Broadcast Incentive Auction (Incentive Auction) procedures, which was set to be considered at the FCC’s July 16 Open Meeting. Citing new simulation data (available here and here) released by the FCC’s Incentive Auction Task Force on July 10, the House Commerce Committee leadership urged the FCC to remove that item from consideration at the July Open Meeting in order to allow interested parties, including FCC … [Read more...] about FCC Announces August Open Meeting Agenda
THE TICKER Chinese President Xi Jinping is displayed on a big screen as he delivers a speech at the closing session of the annual National People's Congress in March. (AP Photo/Ng Han Guan) The Trump trade mission to Beijing wraps up today without any concrete progress. The Trump administration is asking the Chinese to reduce the trade deficit with the U.S.— which stood at $375 billion last year — by $200 billion by 2020. And they want the Chinese to curb subsidies to key emerging industries, liberalize market access, and equalize their tariffs, among other demands. Beijing calls the requests "unfair." The two sides agreed to keep talking. Xinhua News Agency said in a statement they agreed to set up a "working mechanism" to enable ongoing communications. (The brief comment earlier from Treasury Secretary Steven Mnuchin: "We’re having very good conversations.") So there will be no quick resolution as both of the world’s … [Read more...] about The Finance 202: Beijing trade talks conclude with no progress. Get ready for a long slog.