Domain: axios.com
Stories and comments across the archive that link to axios.com.
Stories · 205
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An End To Phone Pranking (axios.com)
An anonymous reader shares a report: A researcher at Carnegie Mellon University has developed an intelligent system that is helping the U.S. Coast Guard to distinguish and weed out prank mayday calls that cost it up to millions of dollars a year when it flies or motors out on pointless rescue missions, per Govtech.com. The program, created by Carnegie Mellon's Rita Singh, creates a barcode of a person's voice, deciphering whether the caller really is on a boat or actually in a house somewhere. It can unmask repeat pranksters since it can pick up telltale markers and match them up. -
Tech Leaders Speak Out Against Trump Ban on Transgender Troops (axios.com)
Technology executives, including Facebook CEO Mark Zuckerberg and Google CEO Sundar Pichai took to social media to voice their displeasure over President Donald Trump's latest stance on transgendered people in the military.
"I am grateful to the transgender members of the military for their service," Google CEO Sundar Pichai said.
Apple CEO Tim Cook said, "We are indebted to all who serve. Discrimination against anyone holds everyone back."
Brad Smith, Microsoft President and Chief Legal Officer said, "We honor and respect all who serve, including the transgender members of our military."
Salesforce said it "believes in equality for all. We support and thank all U.S. service members, including transgender Americans."
Facebook CEO Mark Zuckerberg said, "Everyone should be able to serve their country -- no matter who they are."
Veteran entrepreneur Max Levchin urged support for transgender people across party lines. "Trans kids, soldiers etc need our support today and to know they are valued & respected regardless of politics. Let us not be divided."
Uber told news outlet Axios, "We owe the deepest debt of gratitude to all those who volunteer to serve in the US Armed Forces and defend our values. These patriotic Americans deserve to be honored and respected, not turned away because of who they are."
Twitter CEO Jack Dorsey said, "Discrimination in any form is wrong for all of us." -
Democrats Propose New Competition Laws That Would 'Break Up Big Companies If They're Hurting Consumers' (arstechnica.com)
An anonymous reader quotes a report from Ars Technica: Senate and House Democratic leaders today proposed new antitrust laws that could prevent many of the biggest mergers and break up monopolies in broadband and other industries. "Right now our antitrust laws are designed to allow huge corporations to merge, padding the pockets of investors but sending costs skyrocketing for everything from cable bills and airline tickets to food and health care," US Senate Minority Leader Chuck Schumer (D-NY) wrote in a New York Times opinion piece. "We are going to fight to allow regulators to break up big companies if they're hurting consumers and to make it harder for companies to merge if it reduces competition." The "Better Deal" unveiled by Schumer and House Democratic Leader Nancy Pelosi (D-Calif.) was described in several documents that can be found in an Axios story. The plan for "cracking down on corporate monopolies" lists five industries that Democrats say are in particular need of change, specifically airlines, cable and telecom, the beer industry, food, and eyeglasses. The Democrats' plan for lowering the cost of prescription drugs is detailed in a separate document. The Democrats didn't single out any internet providers that they want broken up, but they did say they want to stop AT&T's proposed $85.4 billion purchase of Time Warner: "Consolidation in the telecommunications is not just between cable or phone providers; increasingly, large firms are trying to buy up content providers. Currently, AT&T is trying to buy Time Warner. If AT&T succeeds in this deal, it will have more power to restrict the content access of its 135 million wireless and 25.5 million pay-TV subscribers. This will only enable the resulting behemoths to promote their own programming, unfairly discriminate against other distributors and their ability to offer highly desired content, and further restrict small businesses from successfully competing in the market." -
Democrats Propose New Competition Laws That Would 'Break Up Big Companies If They're Hurting Consumers' (arstechnica.com)
An anonymous reader quotes a report from Ars Technica: Senate and House Democratic leaders today proposed new antitrust laws that could prevent many of the biggest mergers and break up monopolies in broadband and other industries. "Right now our antitrust laws are designed to allow huge corporations to merge, padding the pockets of investors but sending costs skyrocketing for everything from cable bills and airline tickets to food and health care," US Senate Minority Leader Chuck Schumer (D-NY) wrote in a New York Times opinion piece. "We are going to fight to allow regulators to break up big companies if they're hurting consumers and to make it harder for companies to merge if it reduces competition." The "Better Deal" unveiled by Schumer and House Democratic Leader Nancy Pelosi (D-Calif.) was described in several documents that can be found in an Axios story. The plan for "cracking down on corporate monopolies" lists five industries that Democrats say are in particular need of change, specifically airlines, cable and telecom, the beer industry, food, and eyeglasses. The Democrats' plan for lowering the cost of prescription drugs is detailed in a separate document. The Democrats didn't single out any internet providers that they want broken up, but they did say they want to stop AT&T's proposed $85.4 billion purchase of Time Warner: "Consolidation in the telecommunications is not just between cable or phone providers; increasingly, large firms are trying to buy up content providers. Currently, AT&T is trying to buy Time Warner. If AT&T succeeds in this deal, it will have more power to restrict the content access of its 135 million wireless and 25.5 million pay-TV subscribers. This will only enable the resulting behemoths to promote their own programming, unfairly discriminate against other distributors and their ability to offer highly desired content, and further restrict small businesses from successfully competing in the market." -
Democrats Propose New Competition Laws That Would 'Break Up Big Companies If They're Hurting Consumers' (arstechnica.com)
An anonymous reader quotes a report from Ars Technica: Senate and House Democratic leaders today proposed new antitrust laws that could prevent many of the biggest mergers and break up monopolies in broadband and other industries. "Right now our antitrust laws are designed to allow huge corporations to merge, padding the pockets of investors but sending costs skyrocketing for everything from cable bills and airline tickets to food and health care," US Senate Minority Leader Chuck Schumer (D-NY) wrote in a New York Times opinion piece. "We are going to fight to allow regulators to break up big companies if they're hurting consumers and to make it harder for companies to merge if it reduces competition." The "Better Deal" unveiled by Schumer and House Democratic Leader Nancy Pelosi (D-Calif.) was described in several documents that can be found in an Axios story. The plan for "cracking down on corporate monopolies" lists five industries that Democrats say are in particular need of change, specifically airlines, cable and telecom, the beer industry, food, and eyeglasses. The Democrats' plan for lowering the cost of prescription drugs is detailed in a separate document. The Democrats didn't single out any internet providers that they want broken up, but they did say they want to stop AT&T's proposed $85.4 billion purchase of Time Warner: "Consolidation in the telecommunications is not just between cable or phone providers; increasingly, large firms are trying to buy up content providers. Currently, AT&T is trying to buy Time Warner. If AT&T succeeds in this deal, it will have more power to restrict the content access of its 135 million wireless and 25.5 million pay-TV subscribers. This will only enable the resulting behemoths to promote their own programming, unfairly discriminate against other distributors and their ability to offer highly desired content, and further restrict small businesses from successfully competing in the market." -
Google, Apple, Amazon Hit Record Lobbying Highs (axios.com)
An anonymous reader shares a report: The last three months brought record-high lobbying spending from four major tech companies: Google spent $5.93 million, Apple spent $2.2 million, Amazon spent $3.21 million, Uber spent $430,000. Facebook spent $2.38 million this quarter, up from the same period last year but far from a record. Microsoft's bill for the quarter was just over $2 million. -
For the First Time, Microsoft Got More Revenue From Office 365 Subscriptions Than From Traditional Office Software Licensing (axios.com)
Ina Fried, reporting for Axios: Shares of Microsoft hit record territory in after-hours trading on Thursday, topping $75 a share, after the software giant's better-than-expected financial results. As has been the case for the last several quarters, strength in Microsoft's cloud business, including Office 365 and Windows Azure, was the key to the company's growth. Of note, Microsoft CFO Amy Hood told analysts that, for the first time, Microsoft got more revenue from Office 365 subscriptions than from traditional Office software licensing. Why it matters: Microsoft has shown an ability to grow its business even as the PC market has stalled, reflecting moves the company made in the cloud both since Satya Nadella took over as CEO as well as some that were in place before he took over the top spot. -
Many Firms Are 'AI Washing' Claims of Intelligent Products (axios.com)
Software companies are seeking to exploit the current artificial intelligence craze by "AI washing" -- exaggerating the role of AI in their products, according to a new report by Gartner, the research firm. From a report: Gartner, which tracks commercial manias through a tool it calls the Hype Cycle, compares what is currently going on in AI with a prior surge in environmental over-statement -- "greenwashing, in which companies exaggerate the environmental-friendliness of their products or practices for business benefit." The bottom line: More than 1,000 vendors say their products employ AI, but many are "applying the AI label a little too indiscriminately," Gartner says in its report. Kriti Sharma, who runs the AI team at Sage, tells Axios that a lot of companies are seeking to solve problems using AI that would be better done by humans. And what is often called AI "is just automation that you are doing," she said. -
Intel's Big Bet On Baseball (axios.com)
Ina Fried, reporting for Axios: Intel has been traveling the country this year, broadcasting one major league game a week in virtual reality. On Tuesday, the company's crew was close to home as the San Francisco Giants defeated the Cleveland Indians 2-1 in extra innings. How it works: The games are free to watch, but require the person to have a Samsung phone and Gear VR headset. To broadcast a game in VR, Intel has camera rigs on the first and third base side, as well as the traditional "deep home" shot. It also aims to have an additional camera or two in a spot unique to each stadium. In Arizona, for example, it has one near the stadium's swimming pool. Each camera setup has six pairs of cameras to capture high-definition footage in 180 degrees. In the parking lot, meanwhile, separate teams work in two adjoining vans. One group works on the sound and stitches the images together, while a second van houses a more traditional broadcast setup, including play-by-play announcer J.B. Long. Tweaking the product: Still new at this, Intel is constantly adding new tricks to its arsenal. Last night's game, for example, was the first time the company added real-time VR graphics to the mix, showing baseball cards with stats above the players. Intel CEO has said he wants VR sports to be a billion dollar business for the company. -
California Lawsuit Wants To Weaken Noncompetes (axios.com)
An anonymous reader shares a report: California already prohibits companies from enforcing noncompetes within the state, but a Bay Area life sciences company is asking a state court to go even further. Veeva Systems is suing three of its East Coast-based competitors and asking a California Superior Court judge to declare that it has the right to hire employees who have signed such agreements. Veeva also wants a court to limit the use of non-disparagement and confidentiality agreements. "Non-compete agreements are bad," the company said in its suit. "These agreements limit employment opportunities. They suppress wages. They keep employees trapped in jobs they do not want, and they keep employees from fairly competing with their former employers. These agreements restrict fair and robust competition for employees." -
Tech Companies Capture A Third Of This Year's Emmy Nominations (engadget.com)
"Streaming companies like Netflix, Amazon and Hulu snagged nearly 1/3 of Emmy nominations this year, the most ever awarded to tech companies," reports Axios, adding that streaming companies "are pouring billions of dollars into content...and it's paying off." An anonymous reader quotes Engadget: After passing 100 million subscribers, overtaking cable TV in customer numbers in the US and expanding to over 190 countries, Netflix is starting to cement something else: sustained prestige. A record haul of 91 Emmy nominations puts Netflix -- which had 54 nominations last year -- just behind perennial frontrunner HBO with 110... A key component of this upgrade in status is the sheer number of original offerings Netflix has put out. If you throw everything at an awards committee, quite a few of them might stick... Chief Content Officer Ted Sarandos has said Netflix spends over $6 billion a year on its own shows, in comparison to Amazon's reported spend of nearly $3 billion, with HBO at $2 billion...
Hulu picked up 18 nominations, up from two last year, including a first series nomination for dystopian A Handmaid's Tale. Together with Netflix's House of Cards, Stranger Things and The Crown, the majority of nominees in the competitive Outstanding Drama category were from streaming services. Amazon picked up 16 nominations, the same as last year.
The shows nominated for the most Emmy awards were NBC's Saturday Night Live, followed by HBO's Westworld, but Netflix ultimately ended up with more Emmy nominations than ABC, CBS, and Fox combined. -
Early 'Coding School' Dev Bootcamp Is Shutting Down (axios.com)
Dev Bootcamp, the original "coding bootcamp," is shutting down, the company announced on Wednesday. The company's last cohort of students, who begin the program next week, will graduate in December and receive job search help before the school permanently shuts down. From a report: Why it matters: Early coding bootcamps like Dev Bootcamp launched a boom in alternative education for programing skills, with some of the school's own alumni going on to found their own successful programs, like App Academy. Ultimately, the coding bootcamp craze highlighted not only the need to rethink computer science and programming education in traditional colleges, but also the increasing demand for workers with these technical skills. -
Artificial Intelligence Has Race, Gender Biases (axios.com)
An anonymous reader shares a report: The ACLU has begun to worry that artificial intelligence is discriminatory based on race, gender and age. So it teamed up with computer science researchers to launch a program to promote applications of AI that protect rights and lead to equitable outcomes. MIT Technology Review reports that the initiative is the latest to illustrate general concern that the increasing reliance on algorithms to make decisions in the areas of hiring, criminal justice, and financial services will reinforce racial and gender biases. A computer program used by jurisdictions to help with paroling prisoners that ProPublica found would go easy on white offenders while being unduly harsh to black ones. -
Tesla Sales in Hong Kong Dry Up After Gov't Drops Tax Break (axios.com)
Tesla couldn't sell a single car in Hong Kong in April after the government dropped a tax break for electric cars on April 1, the Wall St Journal reports citing government data. From the report: "as a result of the new policy, the cost of a basic Tesla Model S four-door car in Hong Konghas effectively risen to around $130,000 from less than $75,000." There were 2,939 Tesla's registered in Hong Kong as of April. Further reading: Nobody in Hong Kong wants a Tesla anymore. -
Microsoft Will Sell Office, Windows as a Bundle (axios.com)
An anonymous reader shares a report: Microsoft announced plans on Monday to start offering Windows 10 and Office together in a single subscription service. Microsoft 365, as the service is known, will also include security and management tools and come in two flavors: one for large enterprises and the other for small-to-medium businesses. The company didn't say how much it will charge for either version of the service. -
Once Valued at $3.2B, Wearable Company Jawbone Shuts Down, CEO Launches New Startup: Report (axios.com)
Consumer hardware company Jawbone is being liquidated, according to The Information. From a report: The San Francisco-based company, which once was valued at $3.2 billion by private investors, has hired Sherwood Partners to handle the wind-down process and assume its ongoing litigation with rival FitBit. Jawbone 2.0: Co-founder and CEO Hosain Rahman reportedly has formed a new company, named Jawbone Health Hub, that has hired many of Jawbone's employees and will take over servicing Jawbone's products. BlackRock, which loaned Jawbone $300 million in 2015, has a stake in the new company. No other existing Jawbone investor has a stake in the new startup, with one telling Axios that his firm has been kept in the dark. -
Canada's Play For Immigrant Tech Talent (axios.com)
An anonymous reader shares an Axios report: When it comes to high-skilled immigration, the U.S.'s loss could be Canada's gain. Canada recently launched a Global Skills Strategy visa program to make it easier for its companies to bring in foreign workers with specific technology or business skills. The program allows firms to have a position pre-approved and get visas within two weeks -- a stark contrast to the months-long U.S. visa process. Why it matters: The Trump administration has moved to restrict the number of immigrants coming into the U.S. on work visas, which worries big tech and consulting firms that use the H-1B visa program to fill technical and specialized jobs. Canada's government is seizing the moment to provide an option for engineers, executives and other tech talent who may no longer qualify for an H-1B visa or who simply don't feel comfortable staying in the U.S. Open for business: Navdeep Bains, Canada's Minister of Innovation, told Axios that Canada wants to be open to ideas, open to trade, and "more importantly, we want to be open to people" in order for companies to grow. Bains stopped short of framing the program as a way to poach talent from Silicon Valley, instead saying that the government is "open to whatever region has talent." -
Investors Who Back VC Funds Are Worried About Valley Culture (axios.com)
An anonymous reader shares a report: Limited partners in venture capital funds are having conversations about how to prevent themselves from investing in the next Binary Capital, the Silicon Valley firm that has collapsed over allegations that one of its co-founders sexually harassed female entrepreneurs. This includes the largest LP trade group -- the Institutional Limited Partners Association -- which tells Axios that it is planning to address these issues this summer, as part of the development of its new ILPA Principles 3.0 document. Silicon Valley, and venture capital in particular, has swept sexual harassment under the rug for decades. Binary Capital, coming on top of the situation at Uber, has grabbed that rug and begun to shake it vigorously. -
Investors Who Back VC Funds Are Worried About Valley Culture (axios.com)
An anonymous reader shares a report: Limited partners in venture capital funds are having conversations about how to prevent themselves from investing in the next Binary Capital, the Silicon Valley firm that has collapsed over allegations that one of its co-founders sexually harassed female entrepreneurs. This includes the largest LP trade group -- the Institutional Limited Partners Association -- which tells Axios that it is planning to address these issues this summer, as part of the development of its new ILPA Principles 3.0 document. Silicon Valley, and venture capital in particular, has swept sexual harassment under the rug for decades. Binary Capital, coming on top of the situation at Uber, has grabbed that rug and begun to shake it vigorously. -
Lawmakers Want To Move Fast On Self-Driving Car Legislation (axios.com)
An anonymous reader shares a report: Members of Congress said Tuesday that they hope to move forward with a package of self-driving car legislation by the end of July. "We've got to keep moving, because again, this technology is moving away from us, you might say," said Republican Bob Latta, who is helping to lead the effort. That would move the bills out of the relevant committee -- but not out of the House entirely. -
China's All-Seeing Surveillance State Is Reading Its Citizens' Faces (wsj.com)
China's government is using facial-recognition technology to help promote good behavior and catch lawbreakers, reports the WSJ. From the article: Facial-recognition technology, once a specter of dystopian science fiction, is becoming a feature of daily life in China, where authorities are using it on streets, in subway stations, at airports and at border crossings in a vast experiment in social engineering (alternative source). Their goal: to influence behavior and identify lawbreakers. Ms. Gan, 31 years old, had been caught on camera crossing illegally here once before, allowing the system to match her two images. Text displayed on the crosswalk screens identified her as a repeat offender. "I won't ever run a red light again," she said. China is rushing to deploy new technologies to monitor its people in ways that would spook many in the U.S. and the West. Unfettered by privacy concerns or public debate, Beijing's authoritarian leaders are installing iris scanners at security checkpoints in troubled regions and using sophisticated software to monitor ramblings on social media. By 2020, the government hopes to implement a national "social credit" system that would assign every citizen a rating based on how they behave at work, in public venues and in their financial dealings. -
Google Replaces Gchat With Hangouts Today (axios.com)
An anonymous reader shares a report: The day dreaded by stubborn office workers around the country has finally arrived. At some point today, Google will replace its Google Talk feature in Gmail -- known colloquially to most of the world as Gchat -- with Google Hangouts. The reasoning: Google's announcement of the switch back in March touts Hangouts' better features and integration with other Google products over the barebones Gchat, which launched way back in 2005. -
6 Female Founders Accuse VC Justin Caldbeck of Making Unwanted Advances (techcrunch.com)
An anonymous reader quotes a report from TechCrunch: Yesterday The Information reported on allegations made by half a dozen women working in the tech industry who say they have faced unwanted and inappropriate advances from Silicon Valley venture capitalist, Justin Caldbeck, co-founder and managing partner of Binary Capital. The women include Niniane Wang, co-creator of Google Desktop and a prior CTO of Minted; and Susan Ho and Leiti Hsu, co-founders of Journy, a travel planning and booking service. The Information also talked to three other women who said Caldbeck made inappropriate advances to them. It says these women did not want their names disclosed for fear of retaliation from the VC -- and because of wider concerns they might suffer a backlash from men in the industry who don't see inappropriate advances as a problem. Among the allegations made to The Information are that Caldbeck sent explicit text messages to women; that Caldbeck sent messages in the middle of the night suggesting meeting up; that Caldbeck suggested going to a hotel bedroom during a meeting; that Caldbeck made a proposition about having an open relationship; and that Caldbeck grabbed a woman's thigh under the table of a bar during a meeting. Several of the women reported finding Caldbeck's advances so awkward they gave up on continued dealings with him. In Caldbeck's initial statement, he "strongly" denied the allegations and claimed: "I have always enjoyed respectful relationships with female founders, business partners, and investors." However, in response to The Information's story, his tone changed significantly: "Obviously, I am deeply disturbed by these allegations. While significant context is missing from the incidents reported by The Information, I deeply regret ever causing anyone to feel uncomfortable. The fact is that I have been privileged to have worked with female entrepreneurs throughout my career and I sincerely apologize to anyone who I made uncomfortable by my actions. There's no denying this is an issue in the venture community, and I hate that my behavior has contributed to it." Caldbeck has since released a full statement to Axios, where he says he "will be taking an indefinite leave of absence from Binary Capital..." -
3D Printed Airliner Parts Face Regulatory Headwinds (wsj.com)
Some aerospace suppliers are eager to start using 3-D printing technology to turn out large, high-volume structural parts for jetliners, but U.S. safety regulators are taking a go-slow approach toward approving such production. From a report: Three-dimensional printing is a darling of the aerospace industry because it is relatively inexpensive compared with more-prevalent ways of making components. A series of announcements at the Paris Air Show expected in coming days illustrates the immense promise of airliner parts manufactured by 3-D printers -- as well as the formidable regulatory challenges confronting their widespread acceptance (alternative source). On Tuesday, officials of Norsk Titanium AS, a closely held Norwegian company that has developed a novel 3-D printing approach, will unveil a broad partnership with Spirit AeroSystems, a major subcontractor for Boeing and other industry players. Under the arrangement, Spirit sees the potential of eventually using Norsk's technology to produce thousands of different parts at 30% lower cost than traditional milling methods. However, before that can happen, the Federal Aviation Administration has to approve the overall process and certify that the cutting-edge, plasma-deposition technology is reliable enough to ensure identical strength and other properties from batch to batch. FAA officials have said they are moving cautiously, because they want to fully understand the unique technical issues. -
NYTimes: Move Over, Bitcoin. Ether Is the Digital Currency of the Moment. (nytimes.com)
An anonymous reader shares a report: The price of Bitcoin has hit record highs in recent months, more than doubling in price since the start of the year. Despite these gains, Bitcoin is on the verge of losing its position as the dominant virtual currency. The value of Ether, the digital money that lives on an upstart network known as Ethereum, has risen an eye-popping 4,500 percent since the beginning of the year (alternative source). With the recent price increases, the outstanding units of the Ether currency were worth around $34 billion as of Monday -- or 82 percent as much as all the Bitcoin in existence. At the beginning of the year, Ether was only about 5 percent as valuable as Bitcoin. The sudden rise of Ethereum highlights how volatile the bewildering world of virtual currency remains, where lines of computer code can be spun into billions of dollars in a matter of months. [...] The two-year old system has picked up backing from both tech geeks and big corporate names like JPMorgan Chase and Microsoft, which are excited about Ethereum's goal of providing not only a digital currency but also a new type of global computing network, which generally requires Ether to use. In a recent survey of 1,100 virtual currency users, 94 percent were positive about the state of Ethereum, while only 49 percent were positive about Bitcoin, the industry publication CoinDesk said this month. -
More Than 80% of US Adults Get News On Their Phones (axios.com)
An anonymous reader shares a report: More than 80% of U.S. adults get news on their phones -- up from roughly half of Americans just four years ago, according to a new survey from Pew Research Center. Most of that growth comes from adults older than 65 whose news consumption via mobile spiked almost 25% in the last year, and has tripled over the past four years. -
Intel: Steer Clear Of Our Patents (axios.com)
An anonymous reader writes: Intel posted a long blog post yesterday touting the success and evolution of its 40-year-old x86 microprocessor -- the one that powered the first IBM personal computer in 1978 and still powers the majority of PCs and laptops. But it wasn't just a stroll down memory lane. Intel ended the post with a reminder that it won't tolerate infringement on its portfolio of patents, including those surrounding x86. The company wrote, "Intel invests enormous resources to advance its dynamic x86 ISA, and therefore Intel must protect these investments with a strong patent portfolio and other intellectual property rights. [...] Intel carefully protects its x86 innovations, and we do not widely license others to use them. Over the past 30 years, Intel has vigilantly enforced its intellectual property rights against infringement by third-party microprocessors. [...] Only time will tell if new attempts to emulate Intel's x86 ISA will meet a different fate. Intel welcomes lawful competition, and we are confident that Intel's microprocessors, which have been specifically optimized to implement Intel's x86 ISA for almost four decades, will deliver amazing experiences, consistency across applications, and a full breadth of consumer offerings, full manageability and IT integration for the enterprise. However, we do not welcome unlawful infringement of our patents, and we fully expect other companies to continue to respect Intel's intellectual property rights. Also read: Intel Fires Warning Shot At Qualcomm and Microsoft Over Windows 10 ARM Emulation. -
VR Sports? It Can Be a Billion Dollar Business, Says Intel CEO (axios.com)
Ina Fried, reporting for Axios: Intel CEO Brian Krzanich told Axios on Thursday that he sees virtual reality not only changing the face of sports, but also potentially being a multi-billion-dollar business for the chip giant. "I think it can be a couple billion dollar business" he said in an interview after his appearance at Code Conference. "And the reason is this is a whole new feed... things like advertising, the ability to take that data and sell it... we're the only ones who we believe can produce this stuff." -
Hillary Clinton Rips 'Bankrupt' DNC Data Operation (axios.com)
An anonymous reader shares an article: Hillary Clinton slammed the DNC's 2016 campaign data operation Wednesday, saying she had "nothing" to work from once she won the nomination. She lamented that Donald Trump was able to walk into a well-funded and thoroughly-tested data operation, while she was forced to build hers largely from scratch. Axios conducted over two dozen interviews with experts associated with the Trump and Clinton data and advertising operations earlier this year, and while many sources agreed with this sentiment off the record, no campaign or DNC staffers used language as strong as Clinton did Wednesday to publicly to condemn the DNC's data enterprise. Further reading: "I take responsibility for every decision I made, but that's not why I lost," says Clinton. -
Hillary Clinton Rips 'Bankrupt' DNC Data Operation (axios.com)
An anonymous reader shares an article: Hillary Clinton slammed the DNC's 2016 campaign data operation Wednesday, saying she had "nothing" to work from once she won the nomination. She lamented that Donald Trump was able to walk into a well-funded and thoroughly-tested data operation, while she was forced to build hers largely from scratch. Axios conducted over two dozen interviews with experts associated with the Trump and Clinton data and advertising operations earlier this year, and while many sources agreed with this sentiment off the record, no campaign or DNC staffers used language as strong as Clinton did Wednesday to publicly to condemn the DNC's data enterprise. Further reading: "I take responsibility for every decision I made, but that's not why I lost," says Clinton. -
Trump Is Pulling US Out of Paris Climate Deal: Sources (axios.com)
An anonymous reader shares a report: President Trump has made his decision to withdraw from the Paris climate accord, according to two sources with direct knowledge of the decision. Details on how the withdrawal will be executed are being worked out by a small team including EPA Administrator Scott Pruitt. They're deciding on whether to initiate a full, formal withdrawal -- which could take 3 years -- or exit the underlying United Nations climate change treaty, which would be faster but more extreme. Pulling out of Paris is the biggest thing Trump could do to unravel Obama's climate legacy. It sends a combative signal to the rest of the world that America doesn't prioritize climate change and threatens to unravel the ambition of the entire deal. News agency Reuters has corroborated the report with its own source. Further reading on Politico (which has also corroborated the news) and BBC. Update: Trump Announces US Withdrawal From Paris Climate Accord. -
European Union Will Fund Public Wifi (axios.com)
An anonymous reader writes: The European Union is moving towards getting free public wifi into unconnected locations around the bloc. A new agreement will provide 120 million euros to "fund equipment for public free Wi-Fi services in 6,000 to 8,000 municipalities" across the E.U. -
Cord-Cutters Are Ditching Their Cable Packages At the Fastest Rate Ever (axios.com)
Sara Fischer, writing for Axios: Cord-cutters are ditching their cable packages at the fastest rate ever, opting instead for cheaper, bundled digital TV options, according to the latest Magid Broadcast Study. The trend reflects consumers' preferences to ditch bundled cable packages for more affordable, niche bundled services that can be accessed on TV box tops or on mobile. For consumers, there are more bundled packages than ever, all popping up around similar price ranges. YouTube TV and Hulu TV launched within the past two month, joining the likes of SlingTV and DirectTV Now -- all at a roughly $40 monthly price point -- a bargain considering the average American pays $92 monthly for cable. -
Apple Wants To Turn Community College Students Into App Developers (axios.com)
Ina Fried, writing for Axios: Apple already offers a variety of tools to help school kids learn the basics of coding. Now, it aims to give older students what they need to become full-fledged app developers. On Wednesday the company is releasing, for free, the curriculum for a year-long course on how to write apps for the iPhone. The effort, though available to all, is aimed at community college students and Apple is working with six districts around the country, with the first classes to start this summer and fall. The courseware teaches students how to create apps using Apple's Swift programming language. -
Google Owns the Classroom (axios.com)
An anonymous reader writes: The NYT's Natasha Singer has a fascinating, provocative look at "How Google Conquered The American Classroom." "[M]ore than half the nation's primary- and secondary-school students -- more than 30 million children -- use Google education apps like Gmail and Docs... Chromebooks, Google-powered laptops that initially struggled to find a purpose... account for more than half the mobile devices shipped to schools." -
Artificial Intelligence Closes In On the Work of Junior Lawyers (ft.com)
An anonymous reader shares a Financial Times article: After more than five years at a leading City law firm, Daniel van Binsbergen quit his job as a solicitor to found Lexoo, a digital start-up for legal services in the fledgling "lawtech" sector. Mr Van Binsbergen says he is one of many. "The number of lawyers who have been leaving to go to start-ups has skyrocketed compared to 15 years ago," he estimates. Many are abandoning traditional firms to pursue entrepreneurial opportunities or join in-house teams, as the once-unthinkable idea of routine corporate legal work as an automated task becomes reality (Editor's note: the link could be paywalled; alternative source). Law firms, which tend to be owned by partners, have been slow to adopt technology. Their traditional and profitable model involves many low-paid legal staff doing most of the routine work, while a handful of equity partners earn about 1m pound ($1.30m) a year. But since the 2008 financial crisis, their business model has come under pressure as companies cut spending on legal services, and technology replicated the repetitive tasks that lower-level lawyers at the start of their careers had worked on in the past. [...] "We get AI to do a bunch of things cheaply, efficiently and accurately -- which is most important," says Wendy Miller, partner and co-head of real estate disputes at BLP. "It leaves lawyers to do the interesting stuff." -
Waymo: Uber Plotted With Former Exec Before He Left Google (axios.com)
Ina Fried, writing for Axios: Lawyers for Google's former self-driving car unit showed internal Uber emails Wednesday that it says bolster its case that former executive Anthony Levandowski was conspiring to steal trade secrets before he left Waymo. The parties are in court Wednesday trying to convince a federal judge to halt Uber's work on self-driving cars. In arguing for an injunction, Waymo lawyers argued that Uber and Levandowski devised a plan to come up with a company for Uber to later buy. Uber did later purchase Otto, a self-driving truck company where Levandowski was a founder. "Clandestine plan": "Secretly Levandowski and Uber were planning while he was still at waymo and negotiating a deal," Waymo outside attorney Charles Verhoeven said, siting internal Uber e-mails, including some from former Uber executive Brian McClendon, a former Google Maps head who ran some of Uber's advanced technology operations before leaving the company in March. "There was this clandestine plan all along that Uber and Levandowski had a deal." -
Interns at Facebook, Google Out-Earn the Average American (axios.com)
Alayna Treene, writing for Axios: Long gone are the days of unpaid internships, at least at these 25 companies who are paying interns more than what the average American earns. Tech and finance interns in particular -- including at Google, Bloomberg, BlackRock, and Facebook -- earn more per month than the average American, according to data released by Glassdoor Tuesday. -
Elon Musk Outlines His 'Boring' Vision For Traffic-Avoiding Tunnels (axios.com)
Tesla CEO Elon Musk revealed new details about his futuristic tunnel-boring project during his TED talk on Friday. Ina Fried, writing for Axios: In an appearance at the TED conference in Vancouver, Musk showed off a new video visualization of electric skates transporting cars in a narrow tunnel, then raising them back to street level in a space as small as two parking spaces. Inside the tunnels, Musk said cars could travel as fast as 200 kilometers per hour (roughly 130 MPH). "You should be able to go from say Westwood to LAX in 5-6 minutes," the Tesla and SpaceX founder said, adding he is spending only 2-3 percent on the tunnel effort. The Boring Company is currently building a demo tunnel in SpaceX's parking lot, but will need permits from the city of Los Angeles to extend beyond the property line. Musk added, "I'm not trying to be anyone's savior. I'm just trying to think about the future and not be sad." You can watch the video here. -
The Internet-of-Things is Maturing (axios.com)
An anonymous reader shares a report: The "Internet of Things" (IoT) category is starting to mature in terms of startup investments, according to a new report from Silicon Valley venture capital firm Wing. Like any other trendy area of tech, IoT is in the midst of its own hype cycle, so it's important to get a more detailed picture of how the money is flowing. -
Some of the Biggest Economies Aren't a Big User Of Social Media (axios.com)
From a report: Only 37 percent of Germans use social media, according to a new Pew survey, a surprising figure given the fact that Germany is the world's fourth-largest economy by GDP, according to the World Economic Forum. Similar patterns follow for Japan, France and Italy, ranked 3rd, 6th and 8th in largest economy by GDP. -
Google Is Working On a Tool For Managing Job Applicants (axios.com)
Google is quietly testing "Google Hire," a job applicant tracking system that appears to rival services like Greenhouse and Lever, Axios is reporting. From the report: The service lets employers post job listings, then accept and manage applications, according to job listing links spotted by Axios reader Colin Heilbut. So far, several tech companies seem to be using (or testing) Google Hire, including Medisas, Poynt, DramaFever, SingleHop, and CoreOS. -
China's LeEco Calls Off Its $2 Billion Purchase of TV Maker Vizio (axios.com)
Last year, China's conglomerate LeEco announced it would be acquiring TV maker Vizio for a sum of $2 billion. The move would have given LeEco, which is increasingly expanding its business beyond Chinese market, an instant foothold in the United States. But today, both companies announced they are cancelling the plan due to "regulatory headwinds." In a statement, the companies said: We continue to believe that there is great synergy between the two companies, and are pleased to announce that LeEco and Vizio have reached an agreement that is a win for both companies ... LeEco and Vizio will continue to explore opportunities to incorporate the Le app and content within the Vizio connected CE platform, and engage in a collaborative partnership to leverage LeEco's ecosystem user interface platform, along with the brand's exclusive content and distribution channels, to bring Vizio products to the China market. The announcement comes amid troubled times for both the companies. On one hand, LeEco is struggling financially. Bloomberg reported earlier this month that the company had delayed payroll for its US employees. Vizio was thrown under the bus in February after FTC fined the company $2.2 million to settle a case involving the TVs' data collection techniques. -
Computer Programmers May No Longer Be Eligible For H-1B Visas [Update] (axios.com)
Two anonymous readers share a report: U.S. Citizenship and Immigration Services quietly over the weekend released new guidance that computer programmers are no longer presumed to be eligible for H-1B visas. This aligns with the administration's focus on reserving the temporary visas for very high-skilled (and higher-paid) professionals while encouraging low- and mid-level jobs to go to American workers instead. The new guidance affects applications for the lottery for 2018 fiscal year that opened Monday. Companies applying for H-1B visas for computer programming positions will have to submit additional evidence showing that the jobs are complex or specialized and require professional degrees. From a Bloomberg report, which has confirmation: The U.S. Citizenship and Immigration Services department issued a memorandum that makes it harder for companies to bring foreign technology workers to the U.S. using the H-1B visa process. The new guidelines, issued late Friday, require additional information for computer programmers applying for the work visa to prove the jobs are complicated and require more advanced knowledge and experience. The new policy is effective immediately, so it will change how companies apply for the visas in an annual lottery process that begins Monday. Indian outsourcing firms, which have faced the most amount of criticism, stand to lose the most. The changes don't explicitly prohibit any applications for a specific type of job. Instead, they bring more scrutiny to those for computer programmers doing the simplest jobs. -
App That Lets People Make Personalized Emojis Is the Fastest Growing App In Past Two Years (axios.com)
From a report on Axios: Bitmoji is the fastest-growing app in America, per comScore, with a more than 5000 percent increase in monthly unique visitors over the past two years. E-commerce apps OfferUp and Letgo are the 2nd and 3rd fastest-growing apps. The findings from comScore's latest study highlight three of the fastest-growing mobile market trends:
E-commerce: Letgo (3), OfferUp (2), Flipp (4), Venmo (5) and Wish (7), are facilitating real-world marketplace transactions.
Travel: Uber (6), Waze (8) and Lyft (9) all help users travel from one point to another via auto.
Social connectivity: Tinder (10), Bitmoji (1) and GroupMe (11) all facilitate gatherings and social interaction. FastCompany wrote a profile of Bitmoji and why so many people seem to be a big fan of it. -
IBM To Hire 2,000 More Veterans, Expand Tech Training Schools (axios.com)
Ina Fried, reporting for Axios: IBM CEO Ginni Rometty is among the tech leaders meeting Friday with President Trump and German Chancellor Angela Merkel, Axios has learned. They'll discuss worker training. And IBM will announce plans to: Open 20 more of its P-TECH schools, which let students get a combined high school degree and associate degree in science and technology in as little as four and a half years. Hire 2,000 U.S. military veterans over the next four years and expand a program that trains and certifies veterans in the use of the type of IBM software often used by law enforcement, cybersecurity and national security agencies. -
Intel Confirms $15 Billion Mobileye Deal (axios.com)
Intel is paying $15.3 billion to acquire Israeli computer vision company Mobileye in an effort to boost the chipmaker's position in the autonomous car market. From a report on Axios: Intel is tapping its foreign cash, paying $63.54 per share in cash for the company and said it should be immediately a boost to its per-share earnings; it is expected to close late this year. Intel CEO Brian Krzanich's letter to employees, as well as a missive from Mobileye insist "that instead of Mobileye being integrated into Intel, Intel's Automated Driving Group will be integrated into Mobileye." -
Trump Renominates Ajit Pai For Five More Years at the FCC (theverge.com)
According to Axios, Bloomberg, and several other publications, President Trump has nominated FCC chairman Ajit Pai for a second five-year term at the commission. "Pai's current term ended last June, though he's been able to stick around through the end of the year even without reconfirmation," reports The Verge. From the report: The nomination comes just days after Pai sat down with the president for a meeting, during which they're said to have "reconnected" but without actually discussing anything the commission is actively considering. Pai will need confirmation from the Senate for the nomination to be approved. He was first nominated in 2012 to fill the slot of a commissioner. With approval, he'll be able to stick around through at least the entirety of Trump's current term. The question now is when Trump will nominate people to fill the two slots still vacant at the commission. The FCC remains short staffed, with only three out of five seated leaders, which somewhat limits how quickly Pai is able to get through his agenda. -
Streaming TV Sites Now Have More Subscribers Than Cable TV (axios.com)
Nielsen reported this week that millennials "spend about 27% less time watching traditional TV than viewers over the age of 35," possibly threatening the dominance of cable TV. An anonymous reader quotes Axios: Streaming service subscribers (free or paid) increased again (68% in 2016 vs. 63% in 2014) and have caught up with the percentage of paid TV service providers (67%) for the first time ever, according to the Consumer Technology Association's new study, The Changing Landscape for Video and Content. The rise of streaming services represents a shift in consumption habits towards cord-cutting, primarily amongst millennials.
Some other trends are impossible to ignore. 2016 also saw a saw dramatic drops in the use of physical disks -- from 41% in 2015 to just 28% -- as well as another big drop in the use of antennas, from 18% to just 10%. -
Amazon Outage Cost S&P 500 Companies $150M (axios.com)
From a report on Axios: Cyence, an economic modeling platform, shared some data with Axios that show the ramifications: Losses of $150 million for S&P 500 companies. Losses of $160 million for U.S. financial services companies using the infrastructure.