Break out your computers. Rebuilding post-pandemic requires more than hammers and bulldozers

As we start to emerge from the pandemic, it’s tempting to daydream about all the ways our lives will go back to normal. Unfortunately, that’s not going to happen. Too many lives were lost. Too many businesses were disrupted or bankrupted. Too many aspects of the infrastructure that we take for granted every day, and which were already weak, have been fundamentally transformed or even destroyed by the impact of COVID-19. What we need to focus on is rebuilding that infrastructure. I’m not talking about bridges, roads, and power plants (although we certainly need to focus on physical infrastructure too). I’m talking about the basic foundation of trust, communication, and interaction in our modern world. I’m talking about code Read More …

Break out your computers. Rebuilding post-pandemic requires more than hammers and bulldozers

As we start to emerge from the pandemic, it’s tempting to daydream about all the ways our lives will go back to normal. Unfortunately, that’s not going to happen. Too many lives were lost. Too many businesses were disrupted or bankrupted. Too many aspects of the infrastructure that we take for granted every day, and which were already weak, have been fundamentally transformed or even destroyed by the impact of COVID-19. What we need to focus on is rebuilding that infrastructure. I’m not talking about bridges, roads, and power plants (although we certainly need to focus on physical infrastructure too). I’m talking about the basic foundation of trust, communication, and interaction in our modern world. I’m talking about code. Online overnight A year ago companies had to reconfigure overnight for a socially-distanced reality that requires connecting in new ways. OK, maybe it took three nights. But it was either that, or shutting down — quite possibly forever. Retailers, including big name-brand chains , got crushed if they weren’t prepared for a rapid transition to digital. In the midst of the crisis, businesses didn’t have the luxury of gradually plotting out and implementing a long-term strategy. They had to restructure their business-critical communications — immediately. Retailers who thought they had years to fend off Amazon suddenly had hours to figure out how to become delivery-only. Bankruptcy filings for businesses with $50M or more in assets soared 194% . Schools who had dabbled with technology found themselves 100% online over a weekend, while 93% of U.S. Read More …

‘Roblox’ isn’t just a gaming company. It’s also the future of education

Roblox , which recently made its debut on the New York Stock Exchange, has quickly become one of the most valuable video game companies in the world.  As I write this article, Roblox has effortlessly overtaken household video game names such as Take-Two (maker of Grand Theft Auto ) and Electronic Arts (EA) (maker of Battlefield and FIFA ) in terms of market cap, while only making a fraction of the incumbents’ revenues and none of their profits. And there is good reason for this change in pecking order. Unlike Take-Two and EA, Roblox is not just a gaming company. It is a virtual playground for nearly 200 million monthly users, with two-thirds of those users being of school-going age. Read More …

In a rare move, this transportation startup is adding equity experts to its board

Startups don’t usually put outsiders—let alone experts on equity and technology—on their boards of directors. But Lacuna Technologies , a startup that develops digital tools to help cities regulate traffic, announced last week that it’s adding Tamika L. Butler , an expert on “issues related to the built environment, equity, anti-racism, diversity, and inclusion,” and Rashida Richardson , a legal scholar with expertise on race and technology, to its board. Lacuna’s technology is designed to help cities better understand and regulate transportation, including tech-linked transportation services such as app-based ride-hailing and scooter rentals. CEO Hugh Martin anticipates that Butler will contribute her knowledge of transportation and related equity issues and Richardson will help guide Lacuna on challenges related to equity and data privacy. This is a potentially tricky balancing act since the company and the cities it works with likely want to understand the demographics of who is using transportation and how without tracking too much about individuals. Lacuna’s products include tools for cities to study and regulate the use of curbside areas for parking and other purposes, and a similar tool specialized for use in helping airports avoid passenger pickup logjams. Ideally, Richardson says, the company can help give regulators more of a level playing field in negotiating with tech-savvy transportation companies, which can allow cities to push for more equity in transportation. “A lot of mobility-disruptive technologies come in and offer a service that . . . is often not available to everyone in the community and often very much aligns with those who already have resources and power in a lot of ways,” Richardson says. Butler says joining the board gives her an opportunity to participate directly in decision-making at a tech company, rather than just observing and critiquing from the sidelines. She says she’s confident that Lacuna values the training and knowledge she and Richardson bring to the table, not merely the fact that they’re Black women. “I’m excited to be a Black queer woman in the tech sector who is being involved and included, not just to check a box but because of my expertise,” she says. Historically, people in positions of power—particularly business magnates, venture capital investors, and senior executives—have also been those appointed to corporate boards. But in California, a new state law designed to help remedy that will soon require publicly traded companies to have people from underrepresented communities on their boards. The law won’t apply to privately held businesses like Lacuna, but Martin says he still considers it important to ensure diverse membership among the company’s directors. “There are many, many decisions that are made about the deployment and the development of technology that are not rooted in the real understanding of a wide swath of the community,” he says, noting that it’s often the case that engineers develop products designed to appeal to the engineer at the next workbench over. “If you do that all the time, and it’s a bunch of middle-aged white guys that are trying to invent things,” he says, “you really develop a skewed view of the world and a skewed view of products.” Read More …

5 things people are getting wrong about NFTs

NFTs (nonfungible tokens) are having a moment right now. Tons of digital collectibles have been traded, including Dapper Labs’ NBA Top Shot , which raked in $1.05 million for just one recent pack of basketball videos, and Everydays: The First 5000 Days , a digital image by artist Mike Winkelmann (aka Beeple), which sold for $69.3 million at high-end auction house Christie’s. NFT transactions tripled in 2020, reaching more than $250 million, according to the Non-Fungible Tokens 2020 Yearly Report from NonFungible and L’Atelier. And they show no sign of slowing in 2021. But the big money currently being thrown around for single pieces leads to overall misconceptions about the cost and value of NFTs and their place in the market. Read More …