Google brings offline neural machine translations for 59 languages to its Translate app

Currently, when the Google Translate apps for iOS and Android has access to the internet, its translations are far superior to those it produces when it’s offline. That’s because the offline translations are phrase-based, meaning they use an older machine translation technique than the machine learning-powered systems in the cloud that the app has access to when it’s online. But that’s changing today. Google is now rolling out offline Neural Machine Translation (NMT) support for 59 languages in the Translate apps.

Today, only a small number of users will see the updated offline translations, but it will roll out to all users within the next few weeks.

The list of supported languages consists of a wide range of languages. Because I don’t want to play favorites, here is the full list: Afrikaans, Albanian, Arabic, Belarusian, Bengali, Bulgarian, Catalan, Chinese, Croatian, Czech, Danish, Dutch, English, Esperanto, Estonian, Filipino, Finnish, French, Galician, Georgian, German, Greek, Gujarati, Haitian, Creole, Hebrew, Hindi, Hungarian, Icelandic, Indonesian, Irish, Italian, Japanese, Jannada, Korean, Lavtian, Lithuanian, Macedonian, Malay, Maltese, Marathi, Norwegian, Persian, Polish, Portuguese, Romanian, Russian, Slovak, Slovenian, Spanish, Swahili, Swedish, Tamil, Telugu, Thai, Turkish, Ukrainian, Urdu, Vietnamese and Welsh.

In the past, running these deep learning models on a mobile device wasn’t really an option since mobile phones didn’t have the right hardware to efficiently run them. Now, thanks to both advances in hardware and software, that’s less of an issue and Google, Microsoft and others have also found ways to compress these models to a manageable size. In Google’s case, that’s about 30 to 40 megabytes per language.

It’s worth noting that Microsoft also announced a similar feature for its Translator app earlier this year. It uses a very similar technique but for the time being, it only supports about a dozen languages.

 

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Apple previews the Apple Books app replacing iBooks on iOS this fall

First previewed during WWDC, Apple has just given us another peek at the iBooks revamp (a version of which has been floating around for some time now). Apple Books is launching on iOS during the fall. The “biggest books redesign ever” features a newer, cleaner UI, with a larger focus on cover art than its predecessor.

Also new here is the inclusion of an editorial section. That’s similar to what the company’s been doing with services like Apple News and the App Store, bringing human writers in to editorially curate book picks. Audiobooks are being served up more prominently here, as well, with the addition of a devoted tab.

The new Reading Now tab, meanwhile, is pretty much what it sounds like, offering up a place to jump back into titles users are currently reading/listening to. It also houses a Want to Read wishlist and curated recommendations, based on your reading habits. The bottom is rounded out with Book Store and Library tags.

The new version presents a conscious uncoupling from iTunes, from which various multimedia offerings have been spun off over the past several years as standalones. It also represents a clear stab the Kindle. Amazon’s offering has long been the leader in digital books, and its 2008 Audible acquisition has helped make audiobooks a much more prominent part of the equation.

The new version of the app is arriving in the fall, with Book Store content available in 51 countries. The macOS version of the app is also being renamed Apple Books, for the sake of consistency.

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The largest buys of tech’s Big Five: a look at M&A deals

In startup land, the mandate is to get bought, go public or die trying.

And, as far as getting bought goes, one of tech’s Big Five could be a desirable acquirer. They have a lot of weight to throw around. Alphabet (the parent company of Google), Amazon, Apple, Facebook and Microsoft account for a titanic amount of market value — close to $3.9 trillion at time of writing. At least, that’s according to Crunchbase News’s dashboard of notable tech stocks.

When challenged by one another, these hulking behemoths of the tech sector more often fight than flee. And when challenged by a scrappy upstart, it is likely that they will gobble up the talent, technology and business of any aspiring competitor. It’s the circle of life.

And it’s those acquisitions we’re going to look at here.

Taken together, tech’s Big Five account for a relatively small portion of the overall M&A market. The chart below shows the number of acquisitions made by members of tech’s Big Five from 2007 through 2017. (For reference, Crunchbase records thousands of acquisitions per year.)

But what the Big Five lack in quantity is made up for in size. If you’ll forgive the big-game pun, acquisitions by Big Five account for a lion’s share of big deals in dollar terms.

So, for each of the Big Five, let’s see just how big some of those deals got. We base our analysis on Crunchbase data that, whenever possible, has been cross-checked with public news sources and regulatory filings. We’ll proceed from the most valuable (in market capitalization terms) to the least.

Apple

Despite being the most valuable among the Big Five, Apple’s acquisitions are not just among the smallest of the bunch, but also the least disclosed. In other words, out of the deals listed in Crunchbase and elsewhere, most of them don’t have dollar values attached to them. This may speak to Apple’s secretiveness and its tendency to build most of its products and services in-house.

Apple’s biggest M&A deal to date was its $3 billion buyout of Beats Electronics, which is perhaps best known for its flashy wireless headphones. But it’s not the headphones that caught Apple’s eye. Rather, it was its streaming service, which Apple CEO Tim Cook told ReCode’s Peter Kafka was “the first subscription service that really got it right.”

Including the Beats deal, here are the largest M&A deals we were able to find.

Amazon

It’s hard to find a business vertical Amazon isn’t somehow involved in. Web hosting? Check. White-labeled staples like batteries and paper towels? Check. Doorbells? Check. They apparently sell books online, too.

Now, in all seriousness, Amazon’s $13.7 billion buyout of Whole Foods in June 2017 brought the online shopping giant squarely into the world of brick-and-mortar retail as well. And while the Whole Foods deal was Amazon’s biggest splurge to date, it’s certainly not alone in the company’s collection of commerce company buys. These include Amazon’s buyout of Quidsi (the parent company of Diapers.com and Soap.com, which was the first to offer the free two-day shipping for which Amazon Prime is famous), footwear and clothing retailer Zappos, and Middle Eastern e-commerce site Souq.com.

Alphabet

Of tech’s big five, Alphabet is the most acquisitive, and it makes the most corporate venture investments. It’s also the company with the most complicated corporate structure. Recall that Alphabet is the parent organization of Google, and it’s Google which has made the surpassing majority of Alphabet acquisitions.

But for all the resources Alphabet has put toward M&A, its acquisitiveness resulted in a rather mixed bag of results. Most glaring amongst its duds is its $3.2 billion buyout of Nest Labs and, relatedly, the $555 million spent on Dropcam (which would later be rebranded as part of Nest’s home security offering).

Nest reportedly failed to meet revenue expectations and seize a dominant position in the connected home market, ceding ground to incumbents like Honeywell. And there are plenty of scrappy upstarts nipping Nest’s heels in markets like home security, smart doorbells and smart locks.

This being said, then-Google’s YouTube deal is likely Alphabet’s best acquisition from an ROI perspective. Although Alphabet doesn’t break out YouTube’s revenue, some good estimates and public market comps suggest the video streaming unit could be worth a cool $100 billion.

Microsoft

Microsoft made news this week by announcing its acquisition of software version control and code hosting platform GitHub for $7.5 billion. And, at this point, it seems like Microsoft is timing announcements of its biggest deals just to dunk on Apple. Myke Hurley, a tech podcaster and the founder of Relay FM, observed on Twitter that Microsoft’s 2016 acquisition of LinkedIn and its GitHub deal were both announced on the opening day of Apple’s Worldwide Developers Conference.

Apart from cheeky timing, you will notice that Microsoft has made the largest M&A deals among tech’s Big Five.

Facebook

Of the Big Five companies in tech, Facebook’s M&A patterns seem to be the most binary. Its deals are either tiny or humongous. There isn’t much of a middle ground.

Some of Facebook’s biggest acquisitions present a case study of acquiring one’s way to nearly insurmountable market dominance. Although its acquisitions of Instagram and WhatsApp didn’t cause much of a stir at the time, today these deals are seen as a cautionary case for current and future antitrust regulators.

On a brighter note, though, Facebook’s M&A record is also a lesson in the “buy versus build” dilemma many companies face. It’s sometimes more expedient to buy a company (and, critically, its engineering team) than to build new features from scratch. For many of the smaller deals listed here, we can see that Facebook opted to buy.

The Big Five’s acquisitions in perspective

At the very top of the tech food chain, the Big Five are in a unique position, and not just as rainmakers for VCs seeking liquidity.

Alphabet, Amazon, Apple, Facebook and Microsoft are some of the most powerful companies operating today, and their acquisitions tell part of the story of how they got to prominent positions in the first place.

Although some acquisitions appear to come out of the blue, it’s important to remember that one doesn’t just buy a company for the heck of it. There’s a strategic motivation for these deals at the time they’re made. And when these deals are struck, they can telegraph the company’s future plans.

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LIV is Kickstarting a beefy and bold chronograph for race lovers

LIV Watches is a crowdfunding darling with a number of Kickstarted watches under its belt. Now it’s offering a unique set of watches to backers, including the Liv Genesis GX-AC, an automatic chronograph with date. The watch runs a Sellita Caliber SW500, visible through the see-through back, and features a screw down crown and massive metal pushers.

The company prides itself on the size of its watches and this piece is no exception. The GX-AC isn’t wildly big – at 46mm it’s just a bit bigger than most Android Wear watches – and it fits nicely thanks to a rounded rubber band that hugs the top and bottom of the case. There is a small running seconds hand at nine-o’clock and registers for minutes and hours at noon and six.

[gallery ids="1654222,1654220,1654219,1654218,1654217"]

If you’ve seen automatic chronographs before you know what you’re in for – a standard movement encased in a special steel case that is designed to appeal to a certain demographic. LIV is also Kickstarting a number of other watches, including a Day-Date chronograph that is flight-inspired and a diver, so check them out. However, if you’re into this piece then you’re in for a treat. It starts at $790, far below most mechanical chronographs I’ve seen, and the workmanship and quality of this piece is quite nice.

I wore it a little over the past few weeks and found it very comfortable and easy to read. The running seconds hand is a bit small and the lume is limited to the pips and hands but as a fashion/everyday wear piece it’s excellent. If you particularly like the style – F1 racing meets Kylo Ren – then you’re probably going to like this thing and since they’ve already surpassed their goal and hit $602,000 you can expect delivery of your perk.

Again, watches like this one require a specific style and taste. The LIV is reminiscent of Alpina and Tissot in its case style and decoration and it pays homage to racing and speed. Grabbing a Swiss made watch for under $1,000 is a treat and this is a good example of the species and well worth a look.

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US startups off to a strong M&A run in 2018

Joanna Glasner Contributor

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With Microsoft’s $7.5 billion acquisition of GitHub this week, we can now decisively declare a trend: 2018 is shaping up as a darn good year for U.S. venture-backed M&A.

So far this year, acquirers have spent just over $20 billion in disclosed-price purchases of U.S. VC-funded companies, according to Crunchbase data. That’s about 80 percent of the 2017 full-year total, which is pretty impressive, considering we’re barely five months into 2018.

If one included unreported purchase prices, the totals would be quite a bit higher. Fewer than 20 percent of acquisitions in our data set came with reported prices.¹ Undisclosed prices are mostly for smaller deals, but not always. We put together a list of a dozen undisclosed price M&A transactions this year involving companies snapped up by large-cap acquirers after raising more than $20 million in venture funding.

The big deals

The deals that everyone talks about, however, are the ones with the big and disclosed price tags. And we’ve seen quite a few of those lately.

As we approach the half-year mark, nothing comes close to topping the GitHub deal, which ranks as one of the biggest acquisitions of a private, U.S. venture-backed company ever. The last deal to top it was Facebook’s $19 billion purchase of WhatsApp in 2014, according to Crunchbase.

Of course, GitHub is a unique story with an astounding growth trajectory. Its platform for code development, most popular among programmers, has drawn 28 million users. For context, that’s more than the entire population of Australia.

Still, let’s not forget about the other big deals announced in 2018. We list the top six below:

Flatiron Health, a provider of software used by cancer care providers and researchers, ranks as the second-biggest VC-backed acquisition of 2018. Its purchaser, Roche, was an existing stakeholder who apparently liked what it saw enough to buy up all remaining shares.

Next up is job and employer review site Glassdoor, a company familiar to many of those who’ve looked for a new post or handled hiring in the past decade. The 11-year-old company found a fan in Tokyo-based Recruit Holdings, a provider of recruitment and human resources services that also owns leading job site Indeed.com.

Meanwhile, Impact Biomedicines, a cancer therapy developer that sold to Celgene for $1.1 billion, could end up delivering an even larger exit. The acquisition deal includes potential milestone payments approaching nearly $6 billion.

Deal counts look flat

Not all metrics are trending up, however. While acquirers are doing bigger deals, they don’t appear to be buying a larger number of startups.

Crunchbase shows 216 startups in our data set that sold this year. That’s roughly on par with the pace of dealmaking in the year-ago period, which had 222 M&A exits using similar parameters. (For all of 2017, there were 508 startup acquisitions that met our parameters.²)

Below, we look at M&A counts for the past five calendar years:

Looking at prior years for comparison, the takeaway seems to be that M&A deal counts for 2018 look just fine, but we’re not seeing a big spike.

What’s changed?

The more notable shift from 2017 seems to be buyers’ bigger appetite for unicorn-scale deals. Last year, we saw just one acquisition of a software company for more than a billion dollars — Cisco’s $3.7 billion purchase of AppDynamics — and that was only after the performance management software provider filed to go public. The only other billion-plus deal was PetSmart’s $3.4 billion acquisition of pet food delivery service Chewy, which previously raised early venture funding and later private equity backing.

There are plenty of reasons why acquirers could be spending more freely this year. Some that come to mind: Stock indexes are chugging along, and U.S. legislators have slashed corporate tax rates. U.S. companies with large cash hordes held overseas, like Apple and Microsoft, also received new financial incentives to repatriate that money.

That’s not to say companies are doing acquisitions for these reasons. There’s no obligation to spend repatriated cash in any particular way. Many prefer share buybacks or sitting on piles of money. Nonetheless, the combination of these two things — more money and less uncertainty around tax reform — are certainly not a bad thing for M&A.

High public valuations, particularly for tech, also help. Microsoft shares, for instance, have risen by more than 44 percent in the past year. That means that it took about a third fewer shares to buy GitHub this month than it would have a year ago. (Of course, GitHub’s valuation probably rose as well, but we’ll ignore that for now.)

Paying retail

Overall, this is not looking like an M&A market for bargain hunters.

Large-cap acquirers seem willing to pay retail price for startups they like, given the competitive environment. After all, the IPO window is wide open. Plus, fast-growing unicorns have the option of staying private and raising money from SoftBank or a panoply of other highly capitalized investors.

Meanwhile, acquirers themselves are competing for desirable startups. Microsoft’s winning bid for GitHub reportedly followed overtures by Google, Atlassian and a host of other would-be buyers.

But even in the most buoyant climate, one rule of acquiring remains true: It’s hard to turn down $7.5 billion.

1. The data set included companies that have raised $1 million or more in venture or seed funding, with their most recent round closing within the past five years.
2. For the prior year comparisons, including the chart, the data set consisted of companies acquired in a specified year that raised $1 million or more in venture or seed funding, with their most recent round closing no more than five years before the middle of that year.

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AirPods to get Live Listen feature in iOS 12

Fitbit has shipped more than a million Versa smartwatches

No matter how you slice it, the Ionic was a rough start for Fitbit’s first true dive into the world of smartwatches. It was met with lukewarm reviews, and the company has since been fairly candid about the fact that sales figures simply weren’t what it was hoping/expecting.

Announced in March, the Versa was the Fitbit’s second shot at the category, designed to appeal to a more mainstream audience. From the look of it, the company is faring a lot better this time out. Fitbit announced today that it has shipped more than one million devices since the watch hit retail in mid-April.

Is that enough to right the Fitbit ship entirely? Not really, but it’s certainly a step in the right direction, especially given the sort of hail Mary pass involved here, with the purchase of several companies, including Pebble, Coin and Vector. It also presents a glimmer of hope that someone outside of Apple can have some real success in the smartwatch category. 

Among other things, the hardware was a much better fit for a larger swath of users than the bulky Ionic — the square design clearly took a page directly out of Pebble’s playbook. Fitbit has also been investing a lot in helping grow the watch’s native app store — the primary reason behind the Pebble purchase.

Also of note, the company’s women’s health tracker has been a success among early adopters, with more than 2.4 million users adding the feature to their app. That number includes 1.8 million users who have added one or more periods to their calendar. It’s certainly a sign that a feature like this was in-demand — how many users actually stick with the tracking after a month is another question entirely, however.

The news was met with a healthy stock bump, as well, representing some good news after what’s been a rough couple of years for the company and wearable makers in general. 

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