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Verizon and Honda want to use 5G and edge computing to make driving safer

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Honda and Verizon are researching how 5G and mobile edge computing might improve safety for today’s connected vehicles and the future’s autonomous ones. 

The two companies, which announced the partnership Thursday, are piloting different safety scenarios at the University of Michigan’s Mcity, a test bed for connected and autonomous vehicles. The aim of the venture is to study how 5G connectivity coupled with edge computing could allow for faster communication between cars, pedestrians and infrastructure. The upshot: faster communication could allow cars to avoid collisions and hazards and find safer routes. [TechCrunch is owned by Verizon Media, which is itself owned by Verizon]

The 5G testing is in its preliminary research phase and Honda doesn’t intend to implement this new technology as a product feature just yet. The companies do have plans to test 5G-enabled vehicles on public roads in at least four cities this year, according to Brian Peebles, Verizon’s senior manager of technology development and one of the leads on the project.  

This partnership builds off of Honda’s onboard SAFE SWARM AI technology, which the automaker began developing in 2017. That technology uses Cellular Vehicle-to-Everything, or C-V2X communication, which does what the name implies and lets vehicles communicate with other road users.

We’ve seen similar tech before with Dedicated Short Range Communications which requires cell towers to communicate between vehicles. V2X and 5G have the advantage of being able to communicate device-to-device, not to mention endorsement by the FCC.

“Traditionally, with V2X, the cars talk to each other,” Dr. Ehsan Moradi Pari, research group lead at Honda’s advanced technology research division told TechCrunch. “They provide their information, like their location, speed and other sensor information, and the car does a threat assessment, like whether I’m going to collide with another car. What this [5G and MEC] technology offers is that we all provide our information to the network, and the network tells me if there is a potential for an accident or not.”

Honda and Verizon’s premise is that the technology can handle communication far faster than a car’s computer. Instead of relying on a car’s less capable computer to do the work, information generated from connected cars, people and infrastructure is sent up into the 5G network. The computations are then done at the edge of network (meaning not in the cloud) in real time.

The payoff: a car relying on sensors and software might be able to understand a driver is about to hit something and hit the breaks, but the MEC can almost see into the future by checking out and communicating what’s happening farther down the road. 

One of the safety scenarios that Verizon and Honda tested was a red light runner. Using data from smart cameras, MEC and V2X software they were able to detect the vehicle running a red light and send a visual warning message to other vehicles approaching the intersection. They tested similar scenarios to warn drivers or vehicles about a pedestrian obscured by a building and an oncoming emergency vehicle whose sirens are drowned out by the car’s loud music. 

“Ensuring real-time communication among all road users will play a critical role in an automated driving environment,” said Pari. “Through these connected safety technologies, we can develop vehicle systems that detect potential dangerous situations in real time to warn the driver or automated system.”

While this initial research stage involves making human-driven vehicles safer, the Honda-Verizon partnership might eventually lay the groundwork for the use of 5G in future autonomous vehicles. If testing proves out, connected vehicles would be safer and could lead to a more efficient network that smooths out traffic congestion and reduces air pollution. 

“We’re primarily doing this to promote vehicle safety and human safety,” Peebles told TechCrunch. “There are over 42,000 people a year in the United States alone that are killed in automobile accidents, and another two million are injured. Technology is becoming more crucial as we undergo an evolution of human drivers, so as that transition happens, we need to do it in a safe and orchestrated manner, such that everything is working together.”

Autonomous vehicles being tested on public roads today don’t require 5G or edge computing. While autonomous vehicle companies are eyeing what might be possible with 5G, the vehicles they’re developing are based on present-day technology.

There are headwinds to this 5G-MEC combination. This level of interconnectivity only works if there are sensors on every highway and every intersection. Many 5G-enabled vehicles and devices will be able to communicate with one another, but they can only communicate with pedestrians or infrastructure if smart cameras are clocking them and sharing that info with the network. And sensors are not perfect.

That would require a huge infrastructure investment as well as public acceptance and cooperation with states, cities and localities to install all of the necessary sensors. However, one might look to China as a use case. The country has a national policy to move rapidly over to a 5G network, and many Chinese autonomous driving companies are finding this type of connectivity and computational power essential to development.

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Haitian Activist Brings Awareness To Spate Of Violence Rattling Country

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NPR’s Michel Martin speaks with Jimmy Jean-Louis, a Haitian activist and actor who has been calling attention to the recent surge of violence and kidnappings in his country.

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Consumer agency warns against Peloton Tread+ use, as company pushes back

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Almost exactly a month ago, Peloton CEO John Foley wrote an open letter about the the company’s treadmill. “I’m reaching out to you today because I recently learned about a tragic accident involving a child and the Tread+, resulting in, unthinkably, a death,” it begins. “While we are aware of only a small handful of incidents involving the Tread+ where children have been hurt, each one is devastating to all of us at Peloton, and our hearts go out to the families involved.”

Today, the U.S. Consumer Product Safety Commission issued a warning, telling users to stop using the Tread+. Citing 39 incidents, included the aforementioned death, the CPSC writes, “The Commission has found that the public health and safety requires this notice to warn the public quickly of the hazard.”

Peloton followed up with its own strongly worded statement writing, “The company is troubled by the Consumer Product Safety Commission’s (CPSC) unilateral press release about the Peloton Tread+ because it is inaccurate and misleading. There is no reason to stop using the Tread+, as long as all warnings and safety instructions are followed.”

The commission’s warning includes multiple injuries involving small children and a pet. Specifically, the note calls for users with children at how to cease using the product, a more stern warning than the initial suggestions outlined by Foley back in in March, who at the time told users to keep children and pets away from the system and store the device out of reach after using. Peloton has since added that there have been 23 incidents involving children, 15 with objects and, as the CPSC noted, one with a pet. The company added that it had not revealed the specifics previously out of privacy concern.

“If consumers must continue to use the product, CPSC urges consumers to use the product only in a locked room, to prevent access to children and pets while the treadmill is in use,” the organization notes. “Keep all objects, including exercise balls and other equipment, away from the treadmill.”

For its part, the connected fitness maker adds,

Peloton invited CPSC to make a joint announcement about the danger of not following the warnings and safety instructions provided with the Tread+, and Foley asked to meet directly with CPSC. CPSC has unfairly characterized Peloton’s efforts to collaborate and to correct inaccuracies in CPSC’s press release as an attempt to delay. This could not be farther from the truth. The company already urged Members to follow all warnings and safety instructions. Peloton is disappointed that, despite its offers of collaboration, and despite the fact that the Tread+ complies with all applicable safety standards, CPSC was unwilling to engage in any meaningful discussions with Peloton before issuing its inaccurate and misleading press release.

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Why it’s not surprising to see nine-figure AI rounds 

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Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. If you want it in your inbox every Saturday morning, sign up here

Ready? Let’s talk money, startups and spicy IPO rumors.

This week, Scale AI raised a $325 million Series E. The company, as TechCrunch has written, works in the data labeling space. And it has been on a fundraising tear over the last few years. In 2019 TechCrunch wrote about how the company’s then-22-year-old CEO had put together a $100 million round. Then in December of 2020, it raised $155 million at a roughly $3.5 billion valuation. Now it’s worth more than $7 billion.

Impressive, yeah? Well, as I learned earlier this week, AI startups in general are having one hell of a year. From the start of 2021 to April 12th, there were 442 AI-startup deals in the U.S. worth $11.65 billion, according to PitchBook data. And the recent Microsoft-Nuance AI deal may accelerate things even more.

Sapphire Ventures’ Jai Das weighed in on the AI venture market for The Exchange. He answered our question regarding how competitive the space was in the first quarter by saying that “investment activity in AI/ML startups has been absolutely insane” during the first quarter.

Per Das: “AI/ML startups are routinely getting 5-6 term sheets from top-tier VC firms and they are able to raise their financings at 150-250X of current ARR.”

Chew on that for a moment. We’ve seen public software multiples reach new heights in the last year, but even for aggressive startup rounds, those are some bonkers numbers. Imagine an AI-focused startup with $1 million in recurring revenue being valued at a quarter of a billion dollars. Damn.

But what about pace among AI investing? We’ve heard that the time from a round opening to its closing among many startups has been compressed and compressed again. Das helped explain the situation, saying in an email that “most firms are completing their due diligence way before the financing actually happens,” which means that there is “no need to do any due diligence during the financing.”

That actually makes some sense? If rounds are largely preemptive — something that Das underscored later on in his comments — you have to do pre-diligence. Otherwise you’ll always be investing blind or missing out on deals due to other firms moving more quickly.

This week The Exchange also dug into the broader domestic venture capital market, with a special focus on seed deals, and the super late-stage investments that dominate headlines. A comment on the earlier-stages of venture investing that just missed our piece on the matter came from Jeff Grabow, EY’s U.S. Venture Capital lead.

In his comments on pre-seed, seed and post-seed deals, something stood out to us — a prediction of sorts. Here’s Grabow:

[Q1 2021] was a strong quarter for pre-seed funding when you compare it to prior years, and we expect the overall environment to remain strong given the abundance of capital available and plethora of investable themes that tap into new markets via technological solutions. It paints a rosy picture for the post-COVID environment.

That tracks with our internal estimates. Q1 2021 was so hot for at least American venture capital activity (expect more international coverage soon) that it seems likely that the year itself will be a record in many respects. Provided that things don’t slow too much, records will be broken. And here Grabow flat-out anticipates a pretty attractive climate for venture after COVID-19 is behind us.

So, records will be broken. The question is by how much.

More notes on Coinbase’s direct listing

Not to whomp the equestrian deceased too much, but I have a few more notes for you on the Coinbase direct listing.

Public.com, the Robinhood consumer trading rival, helped The Exchange better understand just how much retail interest there was in the stock. Per its ever-present spokesperson Mo, on April 14th, Coinbase “was the most popular stock on public,” measured by number of transactions. And perhaps more notably, on the same day “social activity (measured by the number of posts) increased by 70% compared to the day prior.”

I do not know how long the consumer trading boom can last, but that’s a pretty impressive set of metrics.

Similarweb also had a few data points to share, including that visits to coinbase.com reached 86.4 million in January. Hot damn. And during that month new visitors bested returning visitors. That data helps explain how Coinbase wound up with the epic first quarter that it did. Now the question is if it can keep up its bull run or, frankly, if consumer interest in trading in crypto specifically will outlast the equities trading boom or not.

Coinbase Series D lead investor Tom Loverro, who we’ve mentioned a few times this week, including on the podcast, said that we’re still merely in the second inning of crypto. So expect these topics to keep coming up again and again. And again.

Various and sundry

Trying to actually stick to our word count target for once, here are some final notes on the IPO market from the week.

First, the AppLovin IPO did not go according to plan. After modestly pricing at $80 per share, the middle of its range, the mobile-app focused tech company saw its value fall during its first two days’ trading. It’s now worth $61 per share as of the end of Friday.

The Exchange spoke with AppLovin CFO Herald Chen on its IPO day. Chatting with the finance executive, our read from the conversation is that the company could accelerate its acquisition game more now that it is public. Having a liquid stock means that it can be even more acquisitive than before. And AppLovin claims that it can buy companies, run them through its business process, and juice their revenues per its S-1 filing.

If that bears out, the public markets may be giving the company a bit too hard of a time. It was a bit odd to see a software company struggle post-IPO in today’s climate.

Chen also told The Exchange that his firm didn’t see any pushback regarding its multi-class share structure during its roadshow. The multi-class share miasm is something I’ve written about with our own Ron Miller. The CFO did note that no single person has complete control of the company, even with several different classes of equity with disparate voting rights. That matters, frankly.

We’ll keep tabs on AppLovin as it trades. (Our earlier coverage of its numbers is here.)

Finally, autonomous trucking company TuSimple went public this week, and Similarweb filed to go public. We’re also watching the broader IPO market as UiPath either raises its price range or note. We have a guess on that score.

And just as the week was closing, Squarespace dropped its S-1. Notes here with more to come.

Good vibes and nothing other than the best from here,

Alex

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