Jan 6, 2017

Hot in Silicon Valley: CES, Bitcoin and a Samsung surprise

John Locher / AP

1) The big items from day 2 of CES

The CEOs of Qualcomm, Under Armor, and Intel are among the speakers scheduled for Friday. The biggest buzz so far has been about Amazon's voice-controlled assistant, Alexa, and Nvidia, the chip maker.

2) Bitcoin's price roller coaster continues

As of the early hours on Friday, Bitcoin continues to fall. The cryptocurrency hit $1153.02 on Wednesday, before crashing yesterday. Some speculate that it was caused by Chinese investors attempting to move their money out of the country.

3) Samsung's surprising Q4 profit guidance

Less than four months after the Note 7 smartphone's battery mess and recall, the Korean electronics giant predicts a consolidated operating profit of 9.2 trillion won (about $7.2 billion) for 2016's Q4 —almost twice its profit in the year-ago quarter. The company will report its quarterly earnings on Jan. 24.

Go deeper

57 mins ago - Technology

The slippery slope of protest surveillance

Illustration: Aïda Amer/Axios

President Trump's call to treat antifa supporters like terrorists could be a green light for high-tech surveillance of dissidents.

Why it matters: It's unlikely the Trump administration can designate antifa as a terrorist group in any legally meaningful way, but the declaration gives law enforcement tacit approval to use a plethora of tech tools to monitor protesters and left-leaning activists.

The biggest crisis since 1968

Illustration: Aïda Amer/Axios. Photo: Bettmann/Contributor

The year 1968 has been on a lot of people’s minds lately — another year of protests, violence and upheaval that seemed to be tearing the nation apart.

Yes, but: This crisis also has moments we’ve never seen before — and some historians and experts say the differences suggest that 2020 doesn't compare well at all.

SoftBank to launch $100M fund backing companies led by people of color

Illustration: Aïda Amer/Axios

SoftBank COO Marcelo Claure said in a letter to employees early Wednesday that the firm will create a $100 million fund that "will only invest in companies led by founders and entrepreneurs of color."

Why it matters: The Opportunity Growth Fund is one of the first to put significant capital behind companies' statements of empathy and outrage in response to protests over systemic racism in the U.S. typified by the killings of George Floyd, Breonna Taylor and other African Americans by police.