The main technology platforms reject the company's antitrust report, Google The assistant gets a guest mode and we interview a newly minted Nobel Prize winner. This is your daily crisis for October 7th, 2020.
The big story: Big Tech reacts to cartel reports
The House Judiciary Committee released its tech antitrust report yesterday and concluded that the major tech platforms should be subject to additional regulations. Recommendations include creating new divisions to prevent dominant platforms from operating in adjacent business areas, new requirements for interoperability and data portability, and increased restrictions on mergers and acquisitions.
At the moment these are only recommendations – and they have not been endorsed by the committee's Republican minority. However, they have sparked haunting responses from four of the companies targeted by the report: Amazon, Apple, Facebook, and Google.
Amazon, For example, disapproved of the committee's views as "marginal terms" and "regulatory spitballing," while Apple said it "strongly disagrees" with the report's conclusions.
The technology giants
Google Assistant gets an incognito-like guest mode. When guest mode is turned on, the Google Assistant doesn't offer personalized responses and your interactions aren't saved in your account.
Slack introduces new features to make it easier to send messages between business partners. A new feature: Slack Connect DMs, which allow users within a company to collaborate with others outside of their company by simply sending an invitation.
Instagram's Threads app now lets you send messages to everyone just like you did with the Direct app. These changes will be rolled out shortly after a major update to Instagram's messaging platform.
Startups, Financing and Venture Capital
Envisics receives $ 50 million for its in-car holographic display technology at a valuation of over $ 250 million. The startup combines computer vision, machine learning, big data analysis and navigation to develop hardware that is integrated into vehicles to project holographic head-up displays.
Shogun is raising $ 35 million to help brands hold their own against Amazon with faster, better websites of their own. With Shogun, companies can build websites that are built on ecommerce backends like Shopify, Big Commerce, or Magento.
DoorDash Introduces New Company Product, DoorDash for Work – DoorDash conducted a survey of 1,000 working Americans last month and found that 90% of them said they missed at least one office food-related benefit.
Advice and analysis of extra crunch
Transportation VCs suggest that frayed US-China relationships will have an impact on mobility markets. During theinformationsuperhighway's annual mobility event, we interviewed three investors who spend a lot of their time on changes in the transportation industry.
Unqork's $ 207 million Series C underscores the growing demand from businesses for no-code apps. The no-code / low-code world could have an even stronger tailwind than expected.
Media recap: Google pulls big checks for news publishers, Substack continues to attract top developers – I do my best to highlight the latest trends, platform shifts, and notable funding rounds.
(Reminder: Extra Crunch is our subscription membership program designed to democratize information about startups. You can sign up here.)
Nobel Prize Winner Jennifer Doudna shares her view on COVID-19 and CRISPR – CRISPR co-discoverer Jennifer Doudna was named a Nobel Prize Winner in Chemistry today. So it seemed like the perfect time to post a video of our interview on Disrupt.
Tech Publisher Coalition Supports New Push for Privacy Controls at the Browser Level – A coalition of privacy-focused tech companies, publishers, and stakeholders has overturned the initiative to develop a new standard that gives internet users an easy way to work digitally, guardrails around their data.
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