Morning Brew - ☕ Brief intro

CES is back.
Morning Brew January 05, 2022

Emerging Tech Brew

NowRx

Hello there. Nvidia announced that a version of its “Omniverse” platform is now open to the public—because why worry about the race to build a metaverse when you can simply call it something even more ambitious and skip right past?

In today’s edition:

🖥 CES 2022
📵 5G C-band bans, redux
NFT frenzy

Jordan McDonald, Dan McCarthy

TECH

CES is upon us

Image from inside a CES showroom, with robotic arms in foreground and CES banner in the background. Mario Tama/Getty Images

For the first time since *checks notes* this time last year, the Consumer Electronics Show (CES) is back. The expo begins today and will be hybrid this year after 2021’s fully virtual event.

Last year’s show was capped at 1,500 exhibitors and had over 86,000 people participate, and this year’s event has already booked more than 2,000 vendors.

  • But since the omicron variant broke out, 150 major exhibitors including Microsoft, Google, AMD, and Intel have dropped out of in-person presentations, and the Consumer Technology Association (which organizes CES) has shortened the event by a day—it now ends Friday, Jan. 7.

Even still…CES is charging (almost) full steam ahead. As always, the show will spotlight a number of emerging technologies across fields like connected cars and digital health, and this year’s event will also spotlight trendy fields, like:

  • NFTs…where companies like Art Blocks spoke about crypto’s role in the rise of NFTs. Also, expect digital assets to seep into product debuts too: Samsung already announced a TV that can support NFTs.
  • Food tech…In which companies will showcase tech like an AI “pastry scanner” that a doctor has used to identify cancerous cells (BakeryScan), or a kitchen robot that makes gourmet meals on demand with the control of a phone (Suvie).
  • Space tech…In which companies like Sierra Space will showcase its Dream Chaser space plane, which will eventually funnel personnel up to Blue Origin’s Orbital Reef space station.

The convention this year will require masks indoors and proof of vaccination, and attendees will have access to both self-test kits and on-site testing. In previous years, recordings of each event have been available for streaming, and digital access for connections will remain open through the end of January.

Looking ahead: While the next three days will bring with it a slew of announcements, CES itself has already identified a few companies to offer “innovation awards.” Two examples: Whill showed off its Model F foldable electric walker and wheelchair for seniors and people who have difficulty walking, while John Deere unveiled a fully autonomous tractor that it will begin selling in the fall.

+1: CES announcements will likely make their way into the next few issues of this newsletter, so stay tuned.

Click here to view this story on-site.—JM

        

5G

Welcome to the exclusion zone

Image of a 5G tower with a city skyline and sunset in the background Xijian/Getty Images

The FAA-telco-FCC saga over the airspace added another chapter this week.

Despite earlier reports that they would move forward with 5G deployments initially planned for today—regardless of FAA and airline concerns—Verizon and AT&T on Monday agreed to delay the rollout of C-band 5G services by two weeks, to January 19.

The two spent a collective ~$70 billion to acquire this slice of spectrum last February, and they had already delayed the rollout by a month in November. C-band is seen as the “goldilocks spectrum” for 5G, because it’s fast, plentiful, and covers a wide geographic area.

Refresher: This whole standoff originated over FAA concerns that the C-band rollout might interfere with pilot cockpit-safety systems used to land in bad weather. If the FAA’s concerns bore out, planes would need to adjust flight schedules, affecting thousands of flights nationwide.

  • FWIW, the FCC studied the issue last year, and says it found no evidence to support such concerns.

Looking ahead…After the rollout, the telcos will also operate “exclusion zones” around 50 airports in the US, for a duration of six months. In these zones, C-band 5G won’t run the risk of interfering with any airplane systems. These exclusion zones are modeled after European nations like France, where C-band 5G is already in place but restricted to operate within airport territory.

Click here to view this story on-site.—JM

        

TOGETHER WITH NOWRX

A Far Greater Pharmacy

NowRx

NowRx is a tech-powered pharmacy that uses proprietary software and robotics to provide free, same-day delivery, and, frankly, unbeatable customer service.

That’s great for two reasons:

  1. If you need to get your meds quick and easily
  2. If you’re looking for a company to invest in that’s disrupting a $480 billion industry

That’s right, you can invest in NowRx right, well, NOW. They’ve raised $11 million (as of 1/1/22) from over 3,100 investors. They’re also on pace to top $22 million in revenue for this year.

These numbers are possible for one reason: innovation. Their “QuickFill” software dispenses prescriptions in under 30 seconds—all while reducing error and operating at a fraction of the cost of traditional pharmacies.

The share price has increased 1,650% since 2016. Learn how you can invest today.

CRYPTO

You knew NFT sales were high…

A bidding paddle and a computer in a frame Francis Scialabba

But did you know they were this high?

Nearly $41 billion worth of Ethereum-based NFTs were sold in 2021, according to Chainalysis research cited by the Financial Times. In 2021, the global art market was worth ~$50 billion, per UBS.

  • The vast majority (75%) of NFT transactions were sales under $10,000, but the wealthiest 9% of NFT wallets held ~80% of the market’s value.

Nearly a year ago, in February 2021, we wrote that the NFT market was gaining momentum after having already tripled in value the year prior, notching ~$250 million in sales, per a report from NonFungible.com.

Looking ahead: NFTs, and crypto more broadly, are quickly working their way into new corners of business and society. Platforms like Arcade—which raised $15 million in late December—have popped up to allow NFT holders to take out loans against their digital assets. Earlier, we mentioned Samsung’s new NFT-enabled TV. Brands are embracing them.

But, but, but…With the explosion of the market in both value and volume has come greater scrutiny of its risks. One example: In late December, an owner of Bored Ape NFTs—a popular NFT collection that just passed $1 billion in lifetime sales—reportedly had ~$2 million worth of Bored Apes stolen from his wallet.

And as digital assets grow more mainstream and valuable, fears of a bubble—and its potential impact—grow bigger, too.

Click here to view this story on-site.DM

        

TOGETHER WITH FIDELITY INVESTMENTS

Fidelity Investments

SPACs’ domination of financial headlines may have you wondering if you should join the party. Hear our take in this episode of Fresh Invest. Listen now

BITS AND BYTES

Image of a phone with OpenSea NFT platform open on it Justin Tallis/Getty Images

Stat: Speaking of NFTs…OpenSea, the non-fungible marketplace, raised a $300 million Series C, at a $13.3 billion valuation.

Quote: “What sets this apart from anything available online is the data sets are labelled with the ‘ground truth,’ which means with what really happened to a patient and not just a doctor’s opinion.”—Ziad Obermeyer, who curated and released a series of unique medical data sets

Read: An analysis of the relationship between Silicon Valley and Elizabeth Holmes, who was just found guilty on four counts of fraud.

Looking for more? Check out Emerging Tech’s musings on the metaverse and Web 3.0 in two articles we wrote, sponsored by JobsOhio—here and here.*

*This is sponsored advertising content.

WHAT ELSE IS BREWING

  • The GAO found that the US spent ~$1.1 billion on carbon-capture tech for coal plants that all failed, and called for greater accountability in future investments in the tech.
  • Norway’s new car sales were 65% electric in 2021.
  • Ford has (nearly) doubled its production targets for F-150 Lightning again—it now aims to ship 150,000 units a year, up from its most recent target of 80,000.
  • Google scooped up cybersecurity firm Siemplify for $500 million.
  • Microsoft and Qualcomm are developing chips for augmented reality glasses.

TECH THROWBACK

In 2000, Blackberry released its first smartphone, the Blackberry 957. In the first days of 2022, the company officially bricked all of its existing classic phones—as of yesterday, those models can no longer make calls or texts.

  • Some newer, Android–based models will still function.

Rewind: In 2012, Blackberry had 80 million active users. Now, it has very few active users, and it’s not a phone company, but instead a cybersecurity and automotive tech provider. Oh, what change a decade can bring.

FROM THE ARXIVES

Some scientific journals—including all 10 published by the American Association for Cancer Research (AACR)—are using AI tools to scan submitted papers for duplicated or slightly doctored images.

  • AACR is using a firm called Proofig, though it said it tried a number of different providers.
  • Nature reports that at least four academic publishers are using similar image-recognition tech.

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Written by Jordan McDonald and Dan McCarthy

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