Steve Thomas - IT Consultant

After trials in Amsterdam’s Schiphol airport, Tokyo’s Haneda airport, and Abu Dhabi airport earlier this year, WHILL, the developer of autonomous wheelchairs, is bringing its robotic mobility tech to North America.

At airports in Dallas and Winnipeg, travelers with mobility limitations booked a Whill through Scootaround and test out the company’s products.

Using sensing technologies and automatic brakes, Whill’s wheelchairs detect and avoid obstacles in busy airports, allowing customers to get to their gate faster.

Based in Yokohama, Japan, Whill has raised roughly $80 million for its technology to bring autonomy to personal mobility.

“When traveling, checking in, getting through security and to the gate on time is critical to avoid the hassle and frustration of missing a flight,” said Satoshi Sugie, the founder and chief executive of WHILL, in a statement. “Travelers with reduced mobility usually have to wait longer times for an employee to bring them a wheelchair and be pushed to their gate, reducing their flexibility while traveling. We are now providing an opportunity for travelers with reduced mobility to have a sense of independence as they move about the airport and get from point A to point B as smoothly as possible.”

The company is one of a growing number of startups and established technology companies tackling the massive market of assistive technologies.

The entire population of people with disabilities globally stands at 1 billion and there are 70 million potential customers for assistive technology products across Europe. If demand in human terms isn’t enough to sway would-be entrepreneurs, then perhaps a recent market report indicating that spending on assistive technologies for the elderly and people with disabilities is projected to reach over $26 billion by 2024 will do the trick.

“Accessibility is a priority for Winnipeg Richardson International Airport and travel is now easier for passengers with limited mobility thanks to our partnership with WHILL. We are excited to be one of the first airports in North America to trial WHILL’s autonomous personal mobility devices with our travelers.”

SoftBank Corp announced today that it has reached an agreement to merge with Z Holdings (the SoftBank subsidiary formerly known as Yahoo Japan) and Line Corp, in a move they hope will better position them against competitors. The merger, which was first reported by Nikkei last week, is expected to be completed in October 2020.

SoftBank and Naver, the owner of Line, will each hold 50% of a new holding company that will operate Line and Z Holdings. By uniting, SoftBank and Naver hope that they will better position search portal Yahoo Japan, Line’s messaging app and their other businesses to compete against rivals from the United States and China.

In its announcement, SoftBank said “in the Internet market, overseas companies, especially those based in the United States and China, are overwhelmingly dominant, and even when comparing the size of operations, there is currently a big difference between such overseas companies and those in other Asian countries, other than China.”

Line is one of the most popular messaging apps in Japan, Taiwan and Thailand, but has struggled to compete in other markets, despite offering a wide array of services that includes Line Pay, Line Taxi and Line Music. Yahoo Japan is one of the country’s biggest search engines, but it competes with Google and its other businesses, including e-commerce, are up against rivals like Rakuten and Alibaba.

Once merged, SoftBank and Naver say cooperation between their subsidiaries and investment portfolio companies will enable them to make more advances in artificial intelligence and other areas, including search, advertising and payment and financial services.

The merger would entail taking Line private by acquiring all outstanding Line shares, options and convertible bonds. The tender offer for Line’s remaining shares will be 5,200 yen, a 13.41% premium over the closing price of Line’s common shares, listed on the Tokyo Stock Exchange, on Nov. 13, before reports came out about the potential merger.

Earlier this year, at Mobile World Congress in Barcelona, Microsoft announced the second generation of its HoloLens augmented reality visor. Today, the $3,500 HoloLens 2 is going on sale in the United States, Japan, China, Germany, Canada, United Kingdom, Ireland, France, Australia and New Zealand, the same countries where it was previously available for pre-order.

Ahead of the launch, I got to spend some time with the latest model, after a brief demo in Barcelona earlier this year. Users will immediately notice the larger field of view, which still doesn’t cover your full field of view, but offers a far better experience compared to the first version (where you often felt like you were looking at the virtual objects through a stamp-sized window).

The team also greatly enhanced the overall feel of wearing the device. It’s not light, at 1.3 pounds, but with the front visor that flips up and the new mounting system that is far more comfortable.

In regular use, existing users will also immediately notice the new gestures for opening up the Start menu (this is Windows 10, after all). Instead of a ‘bloom’ gesture, which often resulted in false positives, you now simply tap on the palm of your hand, where a Microsoft logo now appears when you look at it.

Eye tracking, too, has been greatly improved and works well, even over large distances, and the new machine learning model also does a far better job at tracking all of your fingers. All of this is powered by a lot of custom hardware, including Microsoft’s second-generation ‘holographic processing unit.’

Microsoft has also enhanced some of the cloud tools it built for HoloLens, including Azure Spatial Anchors that allow for persistent holograms in a given space that anybody else who is using a holographic app can then see in the same spot.

Taken together, all of the changes result in a more comfortable and smarter device, with reduced latencies when you look at the various objects around you and interact with them.

Babbel, the popular Berlin-based language learning service, today announced that its founder and current co-CEO Markus Witte is stepping down from his CEO role but that he will remain the executive chairman of the company’s board. The company’s current co-CEO Arne Schepker will become Babbel’s sole CEO.

In addition to these leadership changes, the company also today announced that it has appointed Katherine Melchior Ray, who held previous executive positions with luxury consumer brands like Japan’s Shiseido, Hyatt Hotels, Tommy Hilfiger, Gucci and Louis Vuitton, as its new Chief Marketing Officer.

All of these changes come as Babbel ends as Babbel hits 100 million Euro in revenue for its 2018 financial year.

As Witte and Schepker told me in an interview ahead of today’s official announcement, there were a few reasons why the team decided that this would be the best way forward. And while it’s unusual for U.S. founders to step back from their CEO role, especially as a company is hitting a new growth phase, Witter argues that going forward, being the chairman of the board will put him in the best position to ensure the company’s future going forward.

“Being CEO and chairman of the board has pros and cons,” Witte told me. “To say that the founder and chairman are one and the same person, that’s the West Coast model — and every now and then, that has its advantages. But it’s not what people would consider good governance in Europe and at times, it makes things harder because it creates a conflict of interest in board meetings.”

Those conflicts, Witte argues, made him less effective in the chairman role and in addition, he believes that Babbel has now reached a point where chairman and CEO just can’t be the same person anymore. And so he decided that if he had to choose, he’d stay as chairman of the board because that’s the role where he can ensure that Babbel remains true to its mission.

He also admitted that as the company grew, the workload became a bit too much. “CEOs like to overestimate themselves and I’m no exception,” said Witte. “But you get to the point where you have to say: I can’t fill all of these roles anymore.”

With Schepker, Babbel had brought on an outsider as CMO a few years ago who proved himself in the co-CEO role and was, in Witte’s view, ready for the CEO role, making his decision easier.

Schepker tells me that the company doesn’t plan to change its overall strategy going forward. “We have a clear strategy and we plan to implement that even faster — but that’s independent of these leadership change,” he told me. “The focus is on how we can create more value for our customers, our learners, by looking at how we can better guide them through their personal learning journey. The problem that most learners face is that, unless they studied it in college, they never learned how to effectively learn a new language.”

In practical terms, this means that Babbel will look at expanding the range of language learning opportunities for its users to better guide them through their learning experience (and for longer).

Paidy, a Japanese financial tech startup that provides instant credit to consumers in Japan, announced today that it has raised a total of $143 million in new financing. This includes a $83 million Series C extension from investors including PayPal Ventures and debt financing of $60 million. The funding will be used to advance Paidy’s goals of signing large-scale merchants, offering new financial services and growing its user base to 11 million accounts by the end of 2020.

In addition to PayPal Ventures, investors in the Series C extension also include Soros Capital Management, JS Capital Management and Tybourne Capital Management, along with another undisclosed investor. The debt financing is from Goldman Sachs Japan, Mizuho Bank, Sumitomo Mitsui Banking Corporation and Sumitomo Mitsui Trust Bank. Earlier this month, Paidy and Goldman Sachs Japan established a warehouse facility valued at $52 million. Paidy also established credit facility worth $8 million with the three banks.

This is the largest investment to date in the Japanese financial tech industry, according to data cited by Paidy and brings the total investment the company has raised so far to $163 million. A representative for the startup says it decided to extend its Series C instead of moving onto a D round to preserve the equity ratio for existing investors and issue the same preferred shares as its previous funding rounds.

Launched in 2014, Paidy was created because many Japanese consumers don’t use credit cards for e-commerce purchases, even though the credit card penetration rate there is relatively high. Instead, many prefer to pay cash on delivery or at convenience stores and other pickup locations. While this makes online shopping easier for consumers, it presents several challenges for sellers, because they need to cover the cost of merchandise that hasn’t been paid for yet or deal with uncompleted deliveries.

Paidy’s solution is to make it possible for people to pay for merchandise online without needing to create an account first or use their credit cards. If a seller offers Paidy as a payment method, customers can check out by entering their mobile phone numbers and email addresses, which are then authenticated with code sent through SMS or voice. Paidy covers the cost of the items and bills customers monthly. Paidy uses proprietary machine learning models to score the creditworthiness of users, and says its service can help reduce incomplete transactions (or items that buyers ultimately don’t pick up and pay for), increase conversion rates, average order values and repeat purchases.

Confirming earlier reports, The We Company and SoftBank Group agreed to a new capital infusion which will see SoftBank committing $5 billion in new financing and issuing a tender offer for another $3 billion in buybacks for shareholders.

The company also said it would accelerate an existing commitment to put $1.5 billion into the short-term real estate rental company.

Under the specific terms of the deal, WeWork will receive $1.5 billion committed from SoftBank’s April 2020 cash infusion into the company at $11.60 per share. With that money expected to come in seven days after the deal is signed (subject to shareholder approval).

There’s also the tender offer for up to $3 billion worth of non-SoftBank owned shares at a price of $19.19 per share, which will begin in the fourth quarter of this year, with closing subject to regulatory approvals.

Finally there’s a joint venture share swap where all of SoftBank Vision Fund’s interests in regional joint ventures outside of Japan will be exchanged for WeWork shares at a price of $11.60 per share’ and a debt facility consisting of $1.1 billion in senior secured notes, $2.2 billion in unsecured notes, and a $1.75 billion letter of credit facility, which will occur after the tender offer is completed.

After the closing and the tender offer, SoftBank will own approximately 80 percent of the We Company, according to a statement.

But SoftBank will not actually will not hold a majority of voting rights at any stockholder or board of directors meeting,  thanks to WeWork’s convoluted ownership structure. Therefore, even with its 80 percent stake in the business, WeWork isn’t a subsidiary, but an “associate” of SoftBank.

As part of the agreement, the company confirmed that Adam Neumann will become a board observer and Marcelo Claure, the chief operating officer of SoftBank Group will assume the position of executive chairman of the board of directors of WeWork — as soon as the company receives its $1.5 billion payment from SoftBank.

“SoftBank is a firm believer that the world is undergoing a massive transformation in the way people work. WeWork is at the forefront of this revolution. It is not unusual for the world’s leading technology disruptors to experience growth challenges as the one WeWork just faced,” said Masayoshi Son, chairman and chief executive of SoftBank Group Corp, in a statement. “Since the vision remains unchanged, SoftBank has decided to double down on the company by providing a significant capital infusion and operational support. We remain committed to WeWork, its employees, its member customers and landlords.” 

The vision may remain unchanged, but the story that SoftBank will have to tell about its new “associate”. Under Neumann’s stewardship,  We Company was a cash-burning, globe-spanning, all-encompassing community developer that would usher in a new kind of capitalism, operating under the banner of “We”.

Now, the company is more like a struggling purveyor of temporary office space, which has a mountain of leases it owns and is looking down the barrel of a potential cash crunch — even with the SoftBank lifeline. 

Still, SoftBank’s executives and WeWork’s new leadership are standing by their rhetoric for what the company is… and can be.

“WeWork is redefining the nature of work by creating meaningful experiences through integrating design, technology and community. The new capital SoftBank is providing will restore momentum to the company and I am committed to delivering profitability and positive free cash flow,” said Claure in a statement. “As important as the financial implications, this investment demonstrates our confidence in WeWork and its ability to continue to lead in disrupting the commercial real estate market by delivering flexible, collaborative and productive work environments to our customers.”

Japan has officially announced that it will participate with NASA’s Lunar Gateway project (via NHK), which will seek to establish an orbital research and staging station around the Moon. The Lunar Gateway is a key component of NASA’s Artemis program, which aims to land the first American woman and the next American man on the surface of the Moon by 2024.

Japan’s involvement was confirmed on Friday at a meeting of the country’s Strategic Headquarters for National Space Policy, at which Japan Prime Minister Shinzo Abe was present. The governing body accepted a recommendation from a panel established to study the possibility that Japan should indeed join NASA’s efforts.

Working with NASA on its Lunar Gateway will serve to benefit Japan in a few ways, the panel determined, including by boosting its profile as a technology leader and by strengthening U.S.-Japan relations when it comes to ensuring space is a place where international collaboration on peaceful ventures and research can take place.

Further details about how Japan will participate aren’t yet available, which makes sense given this decision has only just been made. Japanese lunar exploration startup ispace welcomed the news, and anticipates possibly being able to contribute in some capacity, specifically via the partnership it announced with Draper earlier this year.

“We welcome this development with great optimism for the future of lunar exploration, as well as the relationship between Japan and the United States,” said Takeshi Hakamada, Founder & CEO of ispace in an emailed statement. “We firmly believe the Draper-ispace partnership can complement the US-Japan efforts for a sustainable return to the Moon at the commercial level.”

Autify, a platform that makes testing web application as easy as clicking a few buttons, has raised a $2.5 million seed round from Global Brain, Salesforce Ventures, Archetype Ventures and several angels. The company, which recently graduated from the Alchemist accelerator program for enterprise startups, splits its base between the U.S., where it keeps an office, and Japan, where co-founders Ryo Chikizawa (CEO) and Sam Yamashita got their start as software engineers.

The main idea here is that Autify, which was founded in 2016, allows teams to write test by simply recording their interactions with the app with the help of a Chrome extension and can then have Autify run these tests automatically on a variety of other browsers and mobile devices. Typically, these kinds of tests are very brittle and quickly start to fail whenever a developer makes changes to the design of the application.

Autify gets around this by using some machine learning smarts that give it the ability to know that a given button or form is still the same, no matter where it is on the page. Users can currently test their applications using IE, Edge, Chrome and Firefox on macOS and Windows, as well as a range of iOS and Android devices.

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Chikizawa tells me that the main idea of Autify is based on his own experience as a developer. He also noted that many enterprises are struggling to hire automation engineers who can write tests for them, using Selenium and similar frameworks. With Autify, any developer (and even non-developer) can create a test without having to know the specifics of the underlying testing framework. “You don’t really need technical knowledge,” explained Chikizawa. “You can just out of the box use Autify.”

There are obviously some other startups that are also tacking this space, including SpotQA, for example. Chikizawa, however, argues that Autify is different given its focus on enterprises. “The audience is really different. We have competitors that are targeting engineers, but because we are saying that no coding [is required], we are selling to the companies that have been struggling with hiring automating engineers,” he told me. He also stressed that Autify is able to do cross-browser testing, something that’s also not a given among its competitors.

The company introduced its closed beta version in March and is currently testing the service with about a hundred companies. It integrates with development platforms like TestRail, Jenkins and CircleCI, as well as Slack.

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Waymo and Renault are working with the Paris region to explore the possibility of establishing an autonomous transportation route between Charles De Gaulle airport and La Défense, a neighbourhood just outside of Paris city limits that plays host to a large number of businesses and skyscrapers, including a large shopping center. This is part of the deal that Renault and Nissan signed with Waymo earlier this year, to work together on potential autonomous vehicle services in both Japan and France.

This route in particular is being explored as a lead-up project to potentially be ready in time for the Paris Olympic Games, which are taking in place in Summer 2024. The goal is to offer a convenient way for people living in the Île-de-France area where Paris is located to get around, while also providing additional transportation options for tourists and international visitors. The region is committing €100 million (around $110 million) to developing autonomous vehicle infrastructure in the area to serve this purpose, across a number of different projects.

“France is a recognized global mobility leader, and we look forward to working with the Ile-de-France Region and our partner Groupe Renault to explore deploying the Waymo Driver on the critical business route stretching from Roissy-Charles de Gaulle Airport to La Défense in Paris,” said Waymo’s Adam Frost, Chief Automotive Programs and Partnerships Officer, in a emailed statement.

Defined routes designed to meet a specific need, especially in time for showcase events like the Olympics, seems to be a likely way that Waymo and others focused on the deployment of autonomous services will work in terms of pilot deployments, since it’s a perfect blend of demand, regulatory exemption and motivation and city/partner support.

AI Medical Service, a Tokyo-based company developing AI-based software to help detect gastric cancer, announced today that it has raised a $42.9 million Series B. Investors include Globis Capital Partners, World Innovation Lab and Sony Innovation Fund by IGV. The funding will be used for clinical trials of its software, which looks for signs of cancer in real-time during endoscopies, product development and overseas expansion.

This brings AI Medical Service’s total funding so far to $57 million, including a previous round of $9 million from the Incubate Fund in August 2018. Founded in 2017, the company’s software focuses on signs of cancer in gastrointestinal organs, including the esophagus, stomach and intestines, with the goal of reducing the amount of hours doctors and other health professionals need to spend going over scans. AI Medical Service is currently collaborating with 80 medical institution on joint research for regulatory approval of its products.

Dr. Tomohiro Tada, CEO of AI Medical Service, told TechCrunch in an email that the world market for endoscopy is growing by 10% every year, with Japanese manufacturers holding about a 70% market share. For its expansion strategy, Tada says the company will initially focus on other Asian countries, including Singapore, Thailand and Indonesia, where there are high rates of stomach cancer. Then it will focus on the U.S. and Canada.

Research shows that about 15% to 30% of lesions are missed during endoscopy procedures and the goal of AI Medical Service is to increase the accuracy of scan results. Its first product, which uses a deep-learning convolutional neural network (CNN) to analyze medical images, will apply for regulatory approval soon.

There are other companies, including ai4gi, Olympus and Shanghai Wision AI, that are also working on AI-based endoscopy technology, but Tada says AI Medical Service does not see them as competitors because it focuses specifically on AI detection of gastric cancer, whereas ai4gi and Wision AI are developing software for colonscopies.

In a prepared statement, Globis Capital Partners director Satoshi Fukushima said “We foresee an irreversible trend of doctors diagnosing cancer in collaboration with AI in the near future. Supported by the world’s leading medical institutions and specialists in the field and led by experienced management, the endoscopy AI developed by AIM has huge potential to help endoscopists and patients globally.”

Back in 2015, Google’s ATAP team demoed a new kind of wearable tech at Google I/O that used functional fabrics and conductive yarns to allow you to interact with your clothing and, by extension, the phone in your pocket. The company then released a jacket with Levi’s in 2017, but that was expensive, at $350, and never really quite caught on. Now, however, Jacquard is back. A few weeks ago, Saint Laurent launched a backpack with Jacquard support, but at $1,000, that was very much a luxury product. Today, however, Google and Levi’s are announcing their latest collaboration: Jacquard-enabled versions of Levi’s Trucker Jacket.

These jackets, which will come in different styles, including the Classic Trucker and the Sherpa Trucker, and in men’s and women’s versions, will retail for $198 for the Classic Trucker and $248 for the Sherpa Trucker. In addition to the U.S., it’ll be available in Australia, France, Germany, Italy, Japan and the U.K.

The idea here is simple and hasn’t changed since the original launch: a dongle in your jacket’s cuff connects to conductive yarns in your jacket. You can then swipe over your cuff, tap it or hold your hand over it to issue commands to your phone. You use the Jacquard phone app for iOS or Android to set up what each gesture does, with commands ranging from saving your location to bringing up the Google Assistant in your headphones, from skipping to the next song to controlling your camera for selfies or simply counting things during the day, like the coffees you drink on the go. If you have Bose noise-canceling headphones, the app also lets you set a gesture to turn your noise cancellation on or off. In total, there are currently 19 abilities available, and the dongle also includes a vibration motor for notifications.

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What’s maybe most important, though, is that this (re-)launch sets up Jacquard as a more modular technology that Google and its partners hope will take it from a bit of a gimmick to something you’ll see in more places over the next few months and years.

“Since we launched the first product with Levi’s at the end of 2017, we were focused on trying to understand and working really hard on how we can take the technology from a single product […] to create a real technology platform that can be used by multiple brands and by multiple collaborators,” Ivan Poupyrev, the head of Jacquard by Google told me. He noted that the idea behind projects like Jacquard is to take things we use every day, like backpacks, jackets and shoes, and make them better with technology. He argued that, for the most part, technology hasn’t really been added to these things that we use every day. He wants to work with companies like Levi’s to “give people the opportunity to create new digital touchpoints to their digital life through things they already have and own and use every day.”

What’s also important about Jacquard 2.0 is that you can take the dongle from garment to garment. For the original jacket, the dongle only worked with this one specific type of jacket; now, you’ll be able to take it with you and use it in other wearables as well. The dongle, too, is significantly smaller and more powerful. It also now has more memory to support multiple products. Yet, in my own testing, its battery still lasts for a few days of occasional use, with plenty of standby time.

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Poupyrev also noted that the team focused on reducing cost, “in order to bring the technology into a price range where it’s more attractive to consumers.” The team also made lots of changes to the software that runs on the device and, more importantly, in the cloud to allow it to configure itself for every product it’s being used in and to make it easier for the team to add new functionality over time (when was the last time your jacket got a software upgrade?).

He actually hopes that over time, people will forget that Google was involved in this. He wants the technology to fade into the background. Levi’s, on the other hand, obviously hopes that this technology will enable it to reach a new market. The 2017 version only included the Levi’s Commuter Trucker Jacket. Now, the company is going broader with different styles.

“We had gone out with a really sharp focus on trying to adapt the technology to meet the needs of our commuter customer, which a collection of Levi’s focused on urban cyclists,” Paul Dillinger, the VP of Global Product Innovation at Levi’s, told me when I asked him about the company’s original efforts around Jacquard. But there was a lot of interest beyond that community, he said, yet the built-in features were very much meant to serve the needs of this specific audience and not necessarily relevant to the lifestyles of other users. The jackets, of course, were also pretty expensive. “There was an appetite for the technology to do more and be more accessible,” he said — and the results of that work are these new jackets.

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Dillinger also noted that this changes the relationship his company has with the consumer, because Levi’s can now upgrade the technology in your jacket after you bought it. “This is a really new experience,” he said. “And it’s a completely different approach to fashion. The normal fashion promise from other companies really is that we promise that in six months, we’re going to try to sell you something else. Levi’s prides itself on creating enduring, lasting value in style and we are able to actually improve the value of the garment that was already in the consumer’s closet.”

I spent about a week with the Sherpa jacket before today’s launch. It does exactly what it promises to do. Pairing my phone and jacket took less than a minute and the connection between the two has been perfectly stable. The gesture recognition worked very well — maybe better than I expected. What it can do, it does well, and I appreciate that the team kept the functionality pretty narrow.

Whether Jacquard is for you may depend on your lifestyle, though. I think the ideal user is somebody who is out and about a lot, wearing headphones, given that music controls are one of the main features here. But you don’t have to be wearing headphones to get value out of Jacquard. I almost never wear headphones in public, but I used it to quickly tag where I parked my car, for example, and when I used it with headphones, I found using my jacket’s cuffs easier to forward to the next song than doing the same on my headphones. Your mileage may vary, of course, and while I like the idea of using this kind of tech so you need to take out your phone less often, I wonder if that ship hasn’t sailed at this point — and whether the controls on your headphones can’t do most of the things Jacquard can. Google surely wants Jacquard to be more than a gimmick, but at this stage, it kind of still is.

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Since launching in the United States five years ago, SmartNews, the news aggregation app that recently hit unicorn status, has quietly built a reputation for presenting reliable information from a wide range of publishers. The company straddles two very different markets: the U.S. and its home country of Japan, where it is one of the leading news apps.

SmartNews wants readers to see it as a way to break out of their filter bubbles, says Jeannie Yang, its senior vice president of product, especially as the American presidential election heats up. For example, it recently launched a feature, called “News From All Sides,” that lets people see how media outlets from across the political spectrum are covering a specific topic.

The app is driven by machine-learning algorithms, but it also has an editorial team led by Rich Jaroslovsky, the first managing editor of WSJ.com and founder of the Online News Association. One of SmartNews’ goal is to surface news that its users might not seek out on their own, but it must balance that with audience retention in a market that is crowded with many ways to consume content online, including competing news aggregation apps, Facebook and Google Search.

In a wide-ranging interview with Extra Crunch, Yang talked about SmartNews’ place in the media ecosystem, creating recommendation algorithms that don’t reinforce biases, the difference between its Japanese and American users and the challenges of presenting political news in a highly polarized environment.

Catherine Shu: One of the reasons why SmartNews is interesting is because there are a lot of news aggregation apps in America, but there hasn’t been one huge breakout app like SmartNews is in Japan or Toutiao in China. But at the same time, there are obviously a lot of issues in the publishing and news industry in the United States that a good dominant news app might be able to help, ranging from monetization to fake news.

Jeannie Yang: I think that’s definitely a challenge for everybody in the U.S. With SmartNews, we really want to see how we can help create a healthier media ecosystem and actually have publishers thrive as well. SmartNews has such respect for the publishers and the industry and we want to be good partners, but also really understand the challenges of the business model, as well as the challenges for users and thinking of how we can create a healthier ecosystem.