Slashdot Mirror

An anonymous reader quotes a report from Mashable: In order to avoid Facebook's fact checking system, the site formerly known as YourNewsWire, one of the most well-known purveyors of fake news online, has simply rebranded. The site now goes by News Punch and posts fake news content similar to what it published under their former name, according to a report by Poynter. YourNewsWire co-founders Sinclair Treadway and Sean Adl-Tabatabai, who reside in California, founded the site in 2014. The two completely migrated the website from the "yournewswire.com" domain name to "newspunch.com" in November 2018. Treadway told Bloomberg at the time that they move was made due to declining revenue thanks to Facebook's fact-checking system. Under this program, fact-checking outlets like Snopes are able to mark content posted on Facebook as false, which in turn decreases the site's reach on Facebook. According to the investigation, the workaround has been a success. Content that Poynter itself had found to be previously marked false on "yournewswire.com" was ported over to the "newspunch.com" domain. When shared on Facebook, that same fake news content that now lived on "newspunch.com" was not marked as false under the fact-checking program. Facebook is reportedly rolling out features to thwart the site's workaround.

Apple plans to launch iPhones with a more-powerful 3-D camera as soon as next year, stepping up the company's push into augmented reality, Bloomberg reported Wednesday. From the report: The rear-facing, longer-range 3-D camera is designed to scan the environment to create three-dimensional reconstructions of the real world. It will work up to about 15 feet from the device, the people said. Apple's new system uses a laser scanner, rather than the existing dot-projection technology which doesn't work as well over longer distances, according to the people, who asked not to be identified discussing unreleased features. That's just one of many new features -- including a third, more advanced camera, enhanced photo-capture tools and a more powerful chip -- that Apple plans to include in coming generations of iPhones, the people said.

[...] For 2019, Apple plans successors to the iPhone XS and iPhone XS Max -- code-named D42 and D43 -- and an update to the iPhone XR, said the people. The larger of the new high-end iPhones will have three cameras on the back, and other handsets could eventually come with the upgraded system, too, the people said. [...] Apple's next operating system update, iOS 13, will include a dark mode option for easier nighttime viewing and improvements to CarPlay, the company's in-vehicle software.

Apple plans to launch iPhones with a more-powerful 3-D camera as soon as next year, stepping up the company's push into augmented reality, Bloomberg reported Wednesday. From the report: The rear-facing, longer-range 3-D camera is designed to scan the environment to create three-dimensional reconstructions of the real world. It will work up to about 15 feet from the device, the people said. Apple's new system uses a laser scanner, rather than the existing dot-projection technology which doesn't work as well over longer distances, according to the people, who asked not to be identified discussing unreleased features. That's just one of many new features -- including a third, more advanced camera, enhanced photo-capture tools and a more powerful chip -- that Apple plans to include in coming generations of iPhones, the people said.

[...] For 2019, Apple plans successors to the iPhone XS and iPhone XS Max -- code-named D42 and D43 -- and an update to the iPhone XR, said the people. The larger of the new high-end iPhones will have three cameras on the back, and other handsets could eventually come with the upgraded system, too, the people said. [...] Apple's next operating system update, iOS 13, will include a dark mode option for easier nighttime viewing and improvements to CarPlay, the company's in-vehicle software.

An anonymous reader quotes a report from Bloomberg: U.S. prosecutors filed criminal charges against Huawei, China's largest smartphone maker, alleging it stole trade secrets from an American rival and committed bank fraud by violating sanctions against doing business with Iran. Huawei has been the target of a broad U.S. crackdown, including allegations it sold telecommunications equipment that could be used by the China's Communist Party for spying. The charges filed Monday also mark an escalation of tensions between the world's two largest economies, which are mired in a trade war that has roiled markets. In a 13-count indictment in Brooklyn, New York, the government alleged Huawei, two affiliated companies and its chief financial officer of fraud and conspiracy in connection with deals in Iran. A 10-count indictment in Washington state accused the company of stealing trade secrets from T-Mobile and offering bonuses to employees who succeeded in getting technology from rivals.

T-Mobile sued Huawei and its U.S.-based unit, Huawei Device USA Inc., in 2014, and three years later, a federal jury in Seattle found Huawei liable for both breach of contract and misappropriation of trade secrets. A person familiar with the case, who sought anonymity because they weren't authorized to speak, said T-Mobile's claims regarding the theft of its technology caught the attention of federal authorities in the Western District of Washington. T-Mobile said Huawei sent its engineers to T-Mobile's Bellevue, Washington, facility to see a robot, called "Tappy," which simulates smartphone use. T-Mobile said in its lawsuit that Huawei was able to use stolen parts from the robot to "develop, improve and troubleshoot its own robot." Separately, Huawei CFO Meng Wanzhou was arrested in Canada on allegations that she committed fraud to sidestep sanctions against Iran. "The U.S., which had requested Canadian authorities arrest Meng, must submit a formal extradition request for her by Jan. 30," Bloomberg reports. "Canada's justice minister then has up to 30 days to assess it. If she issues an 'authority to proceed,' that means Canada is officially moving to extradition hearings. If so, they would likely be scheduled months later."

An anonymous reader shares a report: Pelco, a California-based security camera maker, set lofty sales targets last year for a model with sharper video resolution and other cutting-edge features. That was until Congress derailed its plans. In August, updated legislation barred the U.S. military and government from buying tech gear from firms deemed too close to authorities in China. When the bill surfaced, Pelco scrapped any thought of providing its new GPC Professional 4K camera to the U.S. government and lowered its sales goals. The reason: The device uses parts from HiSilicon, the chip division of Huawei.

[...] Most of the focus is on Huawei telecom gear that helps run communications networks all over the world. But chips from the HiSilicon unit are also sparking concern because they power about 60 percent of surveillance cameras. That means Chinese chips process video from cameras that sit in places as varied as pizzerias, offices and banks across the U.S.

"A 2016 document proposing cost cuts at Alphabet's Google, including fewer promotions and bonuses, sparked heated debate when it was shared inside the technology company for the first time this week," reports Bloomberg, citing people familiar with the matter. "At a companywide townhall meeting on Thursday, Chief Executive Officer Sundar Pichai fielded questions about the proposals, some of which have been implemented." From the report: The ideas were in a 2016 slide deck drafted by the company's human resources department from a brainstorming session. The document, portions of which were read to Bloomberg News, was circulated in recent days by employees via Google's internal communications systems. It detailed proposed changes to employee compensation, benefits and perks. The document also discussed how the proposals could be best presented to employees to minimize frustration, according to one of the people. That caused the most anger among some staff after the document was circulated, said this person.

Perhaps the most significant change in the proposal called for trimming the rate of promotions. Each year, a certain number of employees are up for promotions based on performance and other metrics. The slide deck suggested reducing this by 2 percentage points. The document said this could be rolled out without upsetting staff because workers didn't know what the existing rate was, so wouldn't notice if it declined. The brainstorming deck also proposed reducing wage bumps when workers get promoted. It also suggested changing Google's approach to "spot bonuses," sums that managers can award at any time of year. Managers receive emails reminding them to dispense this money. The slide deck proposed ending the emails, arguing that few people would notice. The proposal also included converting holiday gifts to staff into charitable donations -- something Google did at the end of 2016. Google confirmed the veracity of the 2016 document, although it was never presented to the company's top management.

London's Heathrow airport is testing a surprising new system involving high-definition cameras, monitoring 50,000 arrivals in the month of March. Bloomberg reports: Views from the cameras will be fed into an artificial intelligence platform from Canada's Searidge Technologies Inc. that will interpret the images and reveal to controllers when a particular aircraft has cleared the runway, allowing them to clear the next flight to come in to land... If successful, the system will initially be deployed when Heathrow's 285-foot control tower is shrouded in cloud -- a situation that currently compels the airport to rely on radar readings to determine the position of jets. That in turn requires a bigger gap between flights, costing the hub nine landings an hour or 20 percent of the usual total...

The same technology could also control the airport's $22 billion third runway due to open for flights by 2025, removing the need to construct a new control tower to oversee the strip north and west of the existing one. The smaller London City airport is removing its tower altogether and deploying a mast with zoom cameras, allowing flights to be managed from the Swanwick control center more than 80 miles away.

An anonymous reader quotes a report from Bloomberg: The U.S. Patent and Trademark Office said it may have to cease patent operations in the second week of February if the partial government shutdown continues, though it has money for trademark work through mid-April. Any furlough of staff could mean significant delays in reviewing the tens of thousands of applications on inventions for things like telecommunications hardware and the next cutting-edge medical treatments. Now it takes on average 15.8 months before a patent applicant can expect a preliminary response from an examiner. More than 640,000 patent applications were filed in fiscal 2018.

The patent office, part of the Commerce Department, is funded entirely by user fees and gets no tax dollars, but it requires an appropriation from Congress to spend the money it collects. In fiscal 2018, it had a budget of $3.3 billion and has asked for $3.5 billion for fiscal 2019. The patent office sets aside authorized money in what's called an operating reserve to account for "temporary changes in our cash flow" and that's what it has been using to stay open since the partial shutdown began Dec. 22. At the end of the fiscal year on Sept. 30, it said it had 1.3 months of operating expenses for patent operations and 4.9 months of expenses for trademark operations.

Google, whose employees have captured international attention in recent months through high-profile protests of workplace policies, has been quietly urging the U.S. government to narrow legal protection for workers organizing online. From a report: During the Obama administration, the National Labor Relations Board broadened employees' rights to use their workplace email system to organize around issues on the job. In a 2014 case, Purple Communications, the agency restricted companies from punishing employees for using their workplace email systems for activities like circulating petitions or fomenting walkouts, as well as trying to form a union. In filings in May 2017 and November 2018, obtained via Freedom of Information Act request, Alphabet's Google urged the National Labor Relations Board to undo that precedent.

Citing dissents authored by Republican appointees, Google's attorneys wrote that the 2014 standard "should be overruled" and a George W. Bush-era precedent -- allowing companies to ban organizing on their employee email systems -- should be reinstated. In an emailed statement, a Google spokeswoman said, "We're not lobbying for changes to any rules." Rather, she said, Google's claim that the Obama-era protections should be overturned was "a legal defense that we included as one of many possible defenses" against meritless claims at the NLRB.

Google is considering pulling its Google News service from Europe as regulators work toward a controversial copyright law. From a report: The European Union's Copyright Directive will give publishers the right to demand money from Alphabet, Facebook and other web platforms when fragments of their articles show up in news search results, or are shared by users. The law was supposed to be finalized this week but was delayed by disagreement among member states.

Google News might quit the continent in response to the directive, said Jennifer Bernal, Google's public policy manager for Europe, the Middle East and Africa. The internet company has various options, and a decision to pull out would be based on a close reading of the rules and taken reluctantly, she said. "The council needs more time to reflect in order to reach a solid position" on the directive, said a representative of Romania, current head of the European Council, which represents the 28 member nations.

MasterCard was fined 570.6 million euros ($648 million) by the European Union for imposing rules that regulators said may have artificially raised the costs of card payments in the region. From a report: The European Commission said MasterCard unfairly prevented retailers from seeking cheaper rates from banks outside the EU country where they are based. MasterCard's curbs on cross-border acquiring ended when the EU introduced credit card legislation in 2015. The EU's probe started in 2013 and escalated with a statement of objections two years later. MasterCard last month set aside $650 million to cover the fine, less than a potential 1 billion euros it flagged as a possibility in 2017. The company got a 10 percent fine reduction for cooperating with the EU, regulators said.

The Tesla Model 3 has cleared its last regulatory hurdle in Europe and will soon go on sale in the continent home to Audi, BMW, and Mercedes-Benz. "Deliveries should start in February for the Long Range Battery version of the midsize sedan -- the same variant first sold in the U.S. -- according to Tesla, after Dutch vehicle authority RDW issued the OK," reports Bloomberg. From the report: The European launch is crucial for Tesla as it navigates what Chief Executive Officer Elon Musk called a "very difficult" road ahead. The company is cutting jobs so it can profitably deliver lower-priced versions of the Model 3, Tesla's first car targeted for the mass market. Musk has pointed to sales of the sedan in Europe and China as a main reason he isn't concerned about any potential setback caused by a halving of the U.S. federal tax credit, to $3,750, on Tesla purchases as of Jan. 1.

With the Model 3, Tesla also has an opportunity to broaden its attack on the premium car market dominated by Germany's BMW AG, Daimler AG-owned Mercedes-Benz and Volkswagen AG's Audi. Tesla, based in Palo Alto, California, said in its third-quarter shareholder letter that "the midsized premium sedan market in Europe is more than twice as big as the same segment in the U.S." The Model 3 became the top-selling luxury car there last year, outstripping the Audi Q5, BMW 3 Series and other well-known models. Analysts and industry executives, however, have observed that competition with Tesla cuts across traditional categories.

An anonymous reader quotes a report from Bloomberg: The U.S. Justice Department's decision that all internet gambling is illegal will cast a pall on the industry as businesses and state lotteries evaluate the implications of the change and the government's plans to enforce it. The U.S. now says federal law bars all internet gambling, reversing its position from 2011 that only sports betting is prohibited under a law passed 50 years earlier. Although the federal law specifically prohibits transmission of wagers and related information across state lines, the Justice Department's new interpretation will impact all online gambling because as a practical matter it's difficult to guarantee that no payments are routed through other states, said Aaron Swerdlow, an attorney with Glaser Weil Fink Howard Avchen & Shapiro LLP in Los Angeles.

The reversal was prompted by the department's criminal division, which prosecutes illegal gambling. The opinion issued about seven years ago that the 1961 Wire Act only banned sports gambling was a misinterpretation of the statute, according to a 23-page opinion by the department's Office of Legal Counsel dated Nov. 2 and made public Monday. The new reading of the law probably will be tested in the courts as judges may entertain challenges to the government's view of the law's scope, the Justice Department said. It may also affect states that began selling lottery tickets online after the 2011 opinion, as well as casinos that offer online gambling. In contrast, the Supreme Court last May "cleared the way [...] for states to legalize sports betting, striking down a 1992 federal law that had prohibited most states from authorizing sports betting."

Intel has been trying to fill the most prominent role in the $400-billion chip industry for more than six months. The company's board still hasn't found what it's looking for. From a report: Intel directors have ruled out some candidates for the vacant chief executive officer post, passed up obvious ones, been rejected by some and decided to go back and re-interview others, extending the search, according to people familiar with the process. Chairman Andy Bryant told some employees recently that the chipmaker may go with a "non-traditional" candidate, suggesting a CEO from outside the company is a possibility.

Whoever is chosen will take the reins at a company that's churning out record results, but is facing rising competition. The new CEO will have to convince investors that Intel's loss of manufacturing leadership -- a cornerstone of its dominance -- won't cost it market share in the lucrative semiconductor market. He or she will also have to deliver on the company's promise to maintain growth by winning orders beyond personal computer and server chips. "The new CEO will have many difficult decisions to make in a short amount of time," said Kevin Cassidy, an analyst at Stifel Nicolaus & Co. "The company can perform well in the near term due to good demand for PC and servers, but longer-term decisions and strategy need a CEO soon."

Why have wages been so slow to rise at a time when demand for workers has pushed the U.S. unemployment rate to its lowest point in nearly half a century? One answer: contracts that tie millions of unspecialized workers to their jobs. Bloomberg reports: In far too many cases, these so-called noncompetes are an unwarranted restriction on freedom to transact and a drag on growth. If Congress won't act to narrow their scope, states should take the lead. The desire to keep workers from defecting to rival employers is as old as employment itself. As far back as the 15th century, English masters, such as dyers or blacksmiths, made apprentices promise not to set up shop nearby. Courts often refused to uphold such agreements, viewing them as coercive. As a House of Lords decision put it in 1893, "There is obviously more freedom of contract between buyer and seller than between master and servant or between an employer and a person seeking employment."

More than a century later, the idea is back in vogue, as companies exploit the power that comes with increasing size and market concentration. In the U.S., new employees are commonly required to sign contracts that forbid them to work in the same industry for a given period. The practice makes sense for highly paid jobs involving big investments in training, and for staff with valuable proprietary knowledge. But it isn't being limited to those kinds of employees. A 2014 survey found that about two in five workers were or had at some point been bound in this way, including workers such as security guards and camp counselors. Some 12 percent of employees without a bachelor's degree and earning less than $40,000 a year were tied down.

Google shouldn't have to apply the so-called right to be forgotten globally, an adviser to the EU's top court said in a boost for the U.S. giant's fight with a French privacy regulator over where to draw the line between privacy and freedom of speech. From a report: While backing Google's stance, Advocate General Maciej Szpunar of the EU Court of Justice said that search engine operators must take every measure available to remove access to links to outdated or irrelevant information about a person on request. The Luxembourg-based court follows such advice in a majority of its final rulings, which normally come a few months after the opinions.

Google has been fighting efforts led by France's privacy watchdog to globalize the right to be forgotten, which was created by the EU court in a landmark ruling in 2014, without defining how, when and where search engine operators should remove links. This has triggered a wave of legal challenges. The Alphabet unit currently removes such links EU-wide and since 2016 it also restricts access to such information on non-EU Google sites when accessed from the EU country where the person concerned by the information is located -- referred to as geo-blocking. This approach was backed by Szpunar.

The good news is that cancer in America was beaten back over the 25 years ending 2016, with death rates plummeting, particularly when it comes to the four most common types of the dreaded affliction. From a report: There's a caveat, however. Those gains have been reaped mostly by the well-off. While racial disparities have begun to narrow, the impact of limited access to treatment for the poorest Americans has increased wealth-based inequality, according to the American Cancer Society's annual update on trends and statistics. "Any time you have a disease as serious as cancer, when you have a substantial reduction in deaths, that's a notable achievement," said Len Lichtenfeld, the interim chief medical officer for the American Cancer Society. "But there are still a lot of areas for improvement."

Health insurance and access to care can be an issue in some poor and rural portions of the country, where there are higher death rates of colon, cervical and lung cancers, according to Cancer Statistics 2019. While poverty was actually associated with lower rates of cancer mortality prior to the 1980s, that trend has since reversed, due in part to changes in diet and smoking as well as screening and treatment rates, the health organization said.

An anonymous reader quotes a report from Bloomberg: Nick Winke, a photographer in the Pacific northwest, was perusing internet forums when he came across a complaint that alarmed him: On certain Samsung Electronics Co. smartphones, users aren't allowed to delete the Facebook app. Winke bought his Samsung Galaxy S8, an Android-based device that comes with Facebook's social network already installed, when it was introduced in 2017. He has used the Facebook app to connect with old friends and to share pictures of natural landscapes and his Siamese cat -- but he didn't want to be stuck with it. He tried to remove the program from his phone, but the chatter proved true -- it was undeletable. He found only an option to "disable," and he wasn't sure what that meant.

A Facebook spokesperson said the disabled version of the app acts like it's been deleted, so it doesn't continue collecting data or sending information back to Facebook. But there's rarely communication with the consumer about the process. The Menlo Park, California-based company said whether the app is deletable or not depends on various pre-install deals Facebook has made with phone manufacturers, operating systems and mobile operators around the world over the years, including Samsung. Facebook, the world's largest social network, wouldn't disclose the financial nature of the agreements, but said they're meant to give the consumer "the best" phone experience right after opening the box.

An anonymous reader quotes a report from Bloomberg: Two politicians from Amazon's hometown traveled across the country to New York to deliver a cautionary message about the company's expansion in the city. Members of the Seattle City Council, Lisa Herbold and Teresa Mosqueda, are urging elected officials in New York to pass legislation now that will address potential housing and transportation issues that will inevitably follow in the wake of Amazon's decision to build a major new campus in Queens. Both are speaking Monday at an event hosted by the Retail, Wholesale and Department Store Union, which has been backing efforts to organize workers at an Amazon fulfillment center in Staten Island.

Amazon announced in November a major expansion in Long Island City, New York, and Crystal City, Virginia. In New York, Amazon would spend about $2.5 billion to create an 8.5 million square foot campus on the East River waterfront facing Manhattan from Long Island City. In return, the internet giant is set to receive almost $3 billion worth of state and city incentives. While Amazon could generate more than $27.5 billion in additional tax revenue for the city over 25 years, local politicians and community activists have already come out against the deal. Opponents fear the high salaries promised by Amazon and influx of as many as 40,000 employees eventually will push out residents in one of the city's fastest growing neighborhoods, and lead to even more congestion in the already overburdened subway system.

German authorities sought help from the U.S. National Security Agency after discovering that hackers had released private data linked to Chancellor Angela Merkel and hundreds of other German politicians, Bild newspaper reported. From a report: Responding to the biggest data dump of its kind in the country, German investigators wanted the U.S. intelligence agency to lean on Twitter to shut down profiles with links to the data, Bild said, citing unidentified security officials. German authorities argued that U.S. citizens were among thousands of people exposed by the data dump. As investigators seek to find out how data including email addresses, mobile phone numbers and private chat protocols were exposed, politicians took aim at Germany's Federal Office for Information Security, known as BSI, for failing to respond after receiving initial indications in December.

An anonymous reader quotes a report from The Verge: Speaking with Bloomberg last week, Sony's sensor division boss Satoshi Yoshihara said Sony plans to ramp up production of chips to power front and rear 3D cameras in late summer, responding to demand from multiple smartphone manufacturers. Though Yoshihara is geeked about the potential for augmented reality applications, the most intriguing aspect of this new tech would appear to be a better form of face identification than we currently have. The Face ID approach that Apple first brought into use on the iPhone X -- and others like Xiaomi, Huawei, and Vivo have since emulated -- works by projecting out a grid of invisible dots and detecting the user's face by the deformations of that grid in 3D space. Sony's 3D sensor, on the hand, is said to deploy laser pulses, which, much like a bat's echolocation, creates a depth map of its surroundings by measuring how long a pulse takes to bounce back. Sony's sensor chief argues this produces more detailed models of users' faces, plus it apparently works from as far away as five meters (16 feet).

An anonymous reader quotes a report from Bloomberg: Authorities in Iran are preparing to block access to Instagram, extending their crackdown on social media to the only major platform still freely available. The National Cyberspace Council approved steps toward blocking the service, Javad Javidnia, deputy for cyberspace affairs at the public prosecutor's office, was cited as saying by the semi-official Donya-e Eqtesad newspaper. Instagram would join Twitter, Facebook, YouTube and Telegram in being banned in the Islamic Republic, ostensibly for reasons of national security.

Despite the restrictions, Iranians including Supreme Leader Ali Khamenei, President Hassan Rouhani and Foreign Minister Mohammad Javad Zarif continue to use the services, which are widely accessible via proxy servers. Rouhani's verified Twitter account has over 800,000 followers. Javidnia said efforts to filter Instagram hadn't worked. While judicial and political officials involved were yet to reach a consensus on barring the site, the prosecutor can take a unilateral decision to do so, he said.

A lawsuit filed against Google by users who said the world's largest search engine violated their privacy by using facial recognition technology was dismissed by a judge on Saturday. From a report: U.S. District Judge Edmond E. Chang in Chicago cited a lack of "concrete injuries" to the plaintiffs. The suit, initially filed in March 2016, alleged Alphabet's Google collected and stored biometric data from photographs using facial recognition software, running afoul of a unique Illinois law against using a person's image without permission.

Sony, the biggest maker of camera chips used in smartphones, is boosting production of next-generation 3D sensors after getting interest from customers including Apple. From a report: The chips will power front- and rear-facing 3D cameras of models from several smartphone makers in 2019, with Sony kicking off mass production in late summer to meet demand, according to Satoshi Yoshihara, head of Sony's sensor division. Sony's bullish outlook for 3D cameras provides much needed optimism to the global smartphone industry, which is suffering a slowdown as consumers find fewer reasons to upgrade devices. The Tokyo-based company has started providing software toolkits to outside developers so they can experiment with the chips and create apps that generate models of faces for communication or virtual objects for online shopping. "Cameras revolutionized phones, and based on what I've seen, I have the same expectation for 3D," said Yoshihara, who has worked for more than a decade on wider industry adoption of cameras in smartphones. "The pace will vary by field, but we're definitely going to see adoption of 3D. I'm certain of it."

New York City police will deploy a camera-equipped drone above Times Square, along with new "counter-drone technology" blocking other devices from the area, where they expect as many as 2 million New Year's Eve revelers. From a report: The drone technology is the newest innovation developed by the largest U.S. police department as it prepares for an annual event that already features a broad array of anti-terrorism tactics. They will be used along with police airplanes and helicopters as surveillance tools, said Police Commissioner James O'Neill. Police and federal agents have worked with hotel staffs throughout the area in an effort to prevent an incident similar to the sniper who shot to death 59 outdoor concert-goers from a hotel room high above the Las Vegas strip on Oct. 1, 2017. O'Neill said authorities have no evidence of any credible threat of terrorism for New Year's Eve.

Squeamish from the start about pursuing profits in one of the darker corners of finance, established firms this year slowed their already halting efforts to make a business out of Bitcoin mania. While none has thrown in the towel, and some continue to develop a trading infrastructure, most flinched as the value of virtual coins collapsed. From a report: Multiple leading firms had either announced or were rumored to be entering the market earlier in the year, but few have come to fruition. The report said that "while none has thrown in the towel, and some continue to develop a trading infrastructure, most flinched as the value of virtual coins collapsed." Notable among those firms was Goldman Sachs. In May it was reported that the company was preparing to launch a bitcoin trading desk that would involve the bank using its own money to trade with clients in a variety of contracts linked to the price of bitcoin.

It was presumed that clients would include hedge funds that deal in cryptocurrencies as well as bitcoin futures contracts such as those launched by CME Group Inc. and Cboe Global Markets Inc. in 2017. Fast forward to December and no such bitcoin trading desk has been launched. In September it was reported that the plan had been abandoned, but a day later Goldman Sachs Chief Financial Officer Martin Chavez denied the report, saying that the bank's "exploration of the digital asset class is an ever-evolving process and is in response to significant client interest." He added that the report was "fake news."

A Bloomberg columnist asks whether this week's rise in bitcoin's price is a turning point -- or just a "dead cat bounce"? After hitting a year's low of about $3,143, down about 80 percent from January highs, Bitcoin has risen 27 percent this week. Short-sellers are closing their positions, while fans smell fresh opportunity. Even more eye-watering market moves are happening elsewhere in the digital currency's ecosystem. Bitcoin Cash, a spin-off intended to be more usable as a payments mechanism, has almost tripled this week from about $80 to $225. That this is happening at the same time as a U.S. stock-market selloff will no doubt warm the hearts of crypto-evangelists, who believe their currencies offer genuine alternatives for where to put money in times of trouble....

A cursory glance at the price of Bitcoin Cash over the past year shows that it has fallen about 95 percent from its December 2017 record. So, anyone refusing to crystallize their losses this year has seen their 98-percent loss narrow over the past few days to, well, 95 percent. Celebrating now is like the Monty Python knight calling it a draw after losing all his limbs. It's not entirely clear either what kind of investor has the appetite, let alone the resources, to make meaningful bets on digital currencies today after a boom-and-bust cycle driven entirely by speculative hype rather than the adoption of Bitcoin in the real world. The long-awaited wave of money from Wall Street looks as far away as ever. So we're probably getting back to more natural territory for crypto: True believers and small-time gamblers.
Their conclusion? "One still can't rule out that these particular crypto-cats are dead."

Facebook is working on making a cryptocurrency that will let users transfer money on its WhatsApp messaging app, focusing first on the remittances market in India, Bloomberg reports. From the report: The company is developing a stablecoin -- a type of digital currency pegged to the U.S. dollar -- to minimize volatility, said the people, who asked not to be identified discussing internal plans. Facebook is far from releasing the coin, because it's still working on the strategy, including a plan for custody assets, or regular currencies that would be held to protect the value of the stablecoin, the people said.

Bloomberg reports that Amazon is struggling in the $840 billion grocery market, more than a year after it spoked the industry with the $13.7 billion acquisition of Whole Foods last year. "The number of Amazon Prime members who shop for groceries at least once a month declined in 2018 compared with 2017, according to the results of an annual consumer survey released Wednesday by UBS analysts," the report says. "The drop was surprising given the company's Whole Foods investment and expansion of two hour delivery service Prime Now, the analysts wrote in a note to investors." From the report: A separate study by research firm Brick Meets Click found that households using grocery delivery and pickup services from physical retailers spend about $200 per month and place orders more frequently than Amazon grocery shoppers, who spend $74 a month. The number of households with access to online grocery delivery and pickup options will reach 90 percent next year, up from 69 percent in 2017, thanks to big investments by food retailers of all sizes, the report states.

CNET just published a fierce pro-net neutrality editorial co-authored by Nancy Pelosi, the soon-to-be Majority leader in the U.S. House of Representatives, with Mike Doyle, the expected Chairman of the House Subcommittee on Communications and Technology, and Frank Pallone, Jr. the expected Chairman of the House Energy and Commerce Committee.

The three representatives argue that "the Trump FCC ignored millions of comments from Americans pleading to keep strong net neutrality rules in place." The FCC's net neutrality repeal left the market for broadband internet access virtually lawless, giving ISPs an opening to control peoples' online activities at their discretion. Gone are rules that required ISPs to treat all internet traffic equally. Gone are rules that prevented ISPs from speeding up traffic of some websites for a fee or punishing others by slowing their traffic down....

Without the FCC acting as sheriff, it is unfortunately not surprising that big corporations have started exploring ways to change how consumers access the Internet in order to benefit their bottom line.... Research from independent analysts shows that nearly every mobile ISP is throttling at least one streaming video service or using discriminatory boosting practices. Wireless providers are openly throttling video traffic and charging consumers extra for watching high-definition streams. ISPs have rolled out internet plans that favor companies they are affiliated with, despite full-page ads swearing they value net neutrality. And most concerning, an ISP was found throttling so-called "unlimited" plans for a fire department during wildfires in California.

Make no mistake, these new practices are just ISPs sticking a toe in the water. Without an agency with the authority to investigate and punish unfair or discriminatory practices, ISPs will continue taking bolder and more blatantly anti-consumer steps. That is why we have fought over the past year to restore net neutrality rules and put a cop back on the ISP beat. In May, the U.S. Senate passed a bipartisan bill restoring net neutrality rules. Despite the support of a bipartisan majority of Americans, the Republican leadership of the U.S. House of Representatives refused our efforts to bring the bill to the floor for a vote.

Fortunately, the time is fast coming when the people's voices will be heard.
The editorial closes by arguing that "Large corporations will no longer be able to block progress on this important consumer protection issue."

Grupo Aeromexico SAB is investigating whether a drone slammed into a Boeing Co. 737 jetliner as the aircraft approached its destination in Tijuana, Mexico, on the U.S. border. From a report: Images on local media showed considerable damage to the nose of the 737-800, which was operating Wednesday as Flight 773 from Guadalajara. In a cabin recording, crew members can be heard saying they heard a "pretty loud bang" and asking the control tower to check if the nose was damaged. The collision happened shortly before landing. "The exact cause is still being investigated," Aeromexico said in a statement. "The aircraft landed normally and the passengers' safety was never compromised."

The potential drone strike stoked fears that the rising use of uncrewed aircraft will endanger planes filled with passengers. While most nations prohibit drones from flying in pathways reserved for airliners, the millions of small consumer devices that have been purchased around the world can't be tracked on radar, making it difficult for authorities to enforce the rules. In addition, many users don't know the rules or don't follow them.

It turns out that cryptocurrency enthusiasts were committed well beyond the HODL rallying call that urged them to hold on during this year's digital-asset market collapse. From a report: The number of verified users of cryptocurrencies almost doubled in the first three quarters of the year even as the market bellwether Bitcoin tumbled almost 80 percent, according to a study from the Cambridge Centre for Alternative Finance. Users climbed from 18 million to 35 million this year. The figures may provide a silver lining. If user numbers continue to increase even in a deep market downturn, that could signal that an eventual recovery could be coming -- a crucial finding at a time when some critics predict that the value of cryptocurrencies will go down to zero.

"An internal Google training document exposed by The Guardian reveals how the company instructs employees on how to treat temps, vendors, and contractors (TVCs)," writes Slashdot reader Garabito. "This includes: 'not to reward certain workers with perks like T-shirts, invite them to all-hands meetings, or allow them to engage in professional development training.'" From the report: "Working with TVCs and Googlers is different," the training documentation, titled the The ABCs of TVCs, explains. "Our policies exist because TVC working arrangements can carry significant risks." The risks Google appears to be most concerned about include standard insider threats, like leaks of proprietary information, but also -- and especially -- the risk of being found to be a joint employer, a legal designation which could be exceedingly costly for Google in terms of benefits.

Google's treatment of TVCs has come under increased scrutiny by the company's full-time employees (FTEs) amid a nascent labor movement at the company, which has seen workers speak out about both their own working conditions and the morality of the work they perform. American companies have long turned to temps and subcontractors to plug holes and perform specialized tasks, but Google achieved a dubious distinction this year when Bloomberg reported that in early 2018, the company did not directly employ a majority of its own workforce. According to a current employee with access to the figures, of approximately 170,000 people around the world who now work at Google, 50.05% are FTEs. The rest, 49.95%, are TVCs. The report notes that "the two-tier system has complicated labor activism at Google." On November 1st, after 20,000 workers joined a global walkout, "the company quickly gave in to one of the protesters' demands by ending forced arbitration in cases of sexual harassment -- but only for FTEs."

An anonymous reader quotes a report from Bloomberg: Verizon is conceding defeat on its crusade to turn a patchwork of dot-com-era businesses into a thriving online operation. The wireless carrier slashed the value of its AOL and Yahoo acquisitions by $4.6 billion, an acknowledgment that tough competition for digital advertising is leading to shortfalls in revenue and profit. The move will erase almost half the value of the division it had been calling Oath, which houses AOL, Yahoo and other businesses like the Huffington Post. The revision of the Oath division's accounting leaves its goodwill balance -- a measure of the intangible value of an acquisition -- at about $200 million, Verizon said in a filing Tuesday. The unit still has about $5 billion of assets remaining. Verizon also announced yesterday that 10,400 employees are taking buyouts to leave the company. The cuts are "part of an effort to trim the telecom giant's workforce ahead of its push toward 5G," TechCrunch reported.

Qualcomm says it has won a ruling in China against Apple that bans the sale of some iPhone models in that country. From a report: The Fuzhou Intermediate People's Court ruled that Apple is infringing two Qualcomm patents and issued injunctions against the sale of the iPhone 6S, iPhone 6S Plus, iPhone 7, iPhone 7 Plus, iPhone 8, iPhone 8 Plus and iPhone X, the San Diego, California-based chipmaker said in a statement Monday. The most recent models introduced in September, the iPhone XS, XR and XS Max, are not covered by the ban.

"The biggest-ever bet on Bitcoin options is about to expire worthless," reports Bloomberg: Purchased for almost $1 million on LedgerX's trading platform just days after Bitcoin peaked a year ago, the call options have a strike price of $50,000 and an expiry date of Dec. 28, 2018. For the contracts to retain any value at expiry, Bitcoin would need to rally more than 1,400 percent.

The options' almost certain wipeout is a less-than-ideal outcome for the buyer, but it may not be quite as bad as it seems. Ari Paul, a cryptocurrency fund manager at BlockTower Capital, has indicated that he bought the options while simultaneously selling some of his fund's Bitcoin holdings... He later tweeted that the trade -- selling some of his Bitcoin holdings while buying the call options -- was profitable.

Stephen Mihm, Bloomberg contributor and associate professor of history at the University of Georgia, argues against the use of noncompete agreements (NCAs) because they limit the free flow of employees and discourage innovation. An anonymous Slashdot reader shares an excerpt from his report: The agreements, known as NCAs, forbid workers from taking valuable skills acquired from one employer to a competing firm. They first appeared in the Middle Ages, when master artisans required them of apprentices because they didn't want to face direct competition once their proteges set up shop on their own. Courts eventually sanctioned these restraints, provided they didn't harm the public interest, establish a monopoly or unduly restrain an employee's right to work. But this trend toward wider use of the contracts, which gathered steam from the late 18th century onward, conveniently omitted that they originally applied to skilled laborers operating in a pre-capitalist society. Yet employers increasingly used noncompete clauses to limit the mobility of unskilled wage laborers along with skilled workers.

Have NCAs helped or hindered economic growth? The most famous study looked at California, one of only a handful of states that do not permit NCAs. The de facto prohibition of the agreements affected skilled and non-skilled workers alike, and employees high and low could jump from job to job without any fear of legal reprisal. The mobility seems to have disseminated innovation very swiftly from company to company, creating the kind of dynamism and technological spillover that helps foster long-term success. The prohibition of NCAs clearly benefited Silicon Valley. Further proof was provided by the comparison to another claimant to high-tech supremacy: Route 128 in Massachusetts. The conclusion was that California's ban -- and the embrace of the agreements in Massachusetts -- helped tilt the balance of power to California.

Australia is set to give its police and intelligence agencies the power to access encrypted messages on platforms such as WhatsApp, becoming the latest country to face down privacy concerns in the name of public safety. From a report: Amid protests from companies such as Facebook and Google, the government and main opposition struck a deal on Tuesday that should see the legislation passed by parliament this week. Under the proposed powers, technology companies could be forced to help decrypt communications on popular messaging apps, or even build new functionality to help police access data.

Prime Minister Scott Morrison has said the legislation is needed to help foil terrorist attacks and organized crime. Critics say it is flawed and could undermine security across the Internet, jeopardizing activities from online voting to market trading and data storage.

An anonymous reader quotes a report from Bloomberg: Volkswagen AG expects the era of the combustion car to fade away after it rolls out its next-generation gasoline and diesel cars beginning in 2026. "Our colleagues are working on the last platform for vehicles that aren't CO2 neutral," Michael Jost, strategy chief for Volkswagen's namesake brand, said Tuesday at an industry conference near the company's headquarters in Wolfsburg, Germany. "We're gradually fading out combustion engines to the absolute minimum."

The world's largest automaker has started to introduce its first wave of electric cars, including next year's Porsche Taycan. The rollout across its stable of 12 automotive brands is forecast to comprise about 15 million vehicles, as the company earmarks $50 billion over the next five years to spend on its transformation to self-driving, electric cars. Production of the VW brand's I.D. Neo hatchback will start in 12 months in Germany, followed by other models from the I.D. line assembled at two sites in China as of 2020. VW plans to launch fully or partly electric versions across its lineup of more than 300 cars, vans, trucks and motorbikes by 2030. The company "will continue to modify its combustion engine technology after the new platform is introduced next decade," reports Bloomberg. "After 2050, there may still be some gasoline and diesel models in regions where there is insufficient charging infrastructure, according to Jost."

China has announced an array of punishments that could restrict companies' access to borrowing and state-funding support over intellectual-property theft. The news comes after the G20 Summit in Argentina, where the Trump Administration agreed to hold off on tariff action for at least 90 days as they negotiate to resolve specific U.S. complaints. Bloomberg reports: China set out a total of 38 different punishments to be applied to IP violations, starting this month. The document, dated Nov. 21, was released Tuesday by the National Development and Reform Commission and signed by various government bodies, including the central bank and supreme court. China says violators would be banned from issuing bonds or other financing tools, and participating in government procurement. They would also be restricted from accessing government financial support, foreign trade, registering companies, auctioning land or trading properties. In addition, violators will be recorded on a list, and financial institutions will refer to that when lending or granting access to foreign exchange. Names will be posted on a government website. "This is an unprecedented regulation on IP violation in terms of the scope of the ministries and severity of the punishment," said Xu Xinming, a researcher at the Center for Intellectual Property Studies at China University of Political Science and Law. The newly announced punishments are "a security net of IP protection" targeting repeat offenders and other individuals who aren't in compliance with the law, he said.

An anonymous reader quotes a report from Bloomberg: The world's largest retailer is rolling out 360 autonomous floor-scrubbing robots in some of its stores in the U.S. by the end of the January, it said in a joint statement with Brain Corp., which makes the machines. The autonomous janitors can clean floors on their own even when customers are around, according to the San Diego-based startup. Brain's robots are equipped with an array of sensors that let them gather and upload data.

Brain doesn't make its own hardware, focusing instead on developing software -- BrainOS -- that endows machines with autonomy in closed environments. At first, the machines were need to be operated by humans, who "teach" the layout of the space that needs cleaning. After that the robots can perform the task autonomously. The robots, which look like a cross between a miniature Zamboni and a motorized wheel chair, already scrub floors at airports in Seattle, San Diego, Boston and Miami, Brain Chief Executive Office Eugene Izhikevich said. Brain last month unveiled a smaller version of the machine developed jointly with SoftBank's robotics arm and aimed at the Japanese market.

SpaceX notched its 19th launch of the year Monday, lofting 64 small spacecraft from 34 organizations into low Earth orbit. A Falcon 9 rocket lifted off from Vandenberg Air Force Base on California's central coast at about 10:34 a.m. local time. The customer was Spaceflight Industries, a Seattle-based company that organized the launch on behalf of several clients. From a report: The Spaceflight SSO-A: SmallSat Express mission includes 15 microsats and 49 cubesats from commercial and government entities, including universities, startups and a middle school, according to the SpaceX press kit. The payloads -- which vary from technology demonstrations and imaging satellites to educational-research endeavors -- are from 17 countries, including the U.S., Brazil, India and South Korea.

SpaceX said a series of six deployments would occur about 13 to 43 minutes after takeoff, then Spaceflight would command its own deployment sequences over a period of six hours. The Falcon 9's first stage has flown twice before: in May 2018 and again in August. SpaceX recovered it Monday on "Just Read the Instructions," a droneship in the Pacific Ocean. SpaceX also attempted to recover the rocket's fairing, which encloses the payload, with Mr. Steven, a boat designed to capture it in a massive net.

Apple plans to hold off until at least 2020 before offering an iPhone that can connect to the next generation of high-speed phone services coming next year, Bloomberg reported Monday. From the report: The delay may make it easier for rivals like Samsung Electronics to win over consumers to phones that connect to 5G networks, which will provide a leap forward in mobile data speeds when they are introduced in 2019. As with 3G and 4G, the two previous generations of mobile technology, Apple will wait as long as a year after the initial deployment of the new networks before its main product gets the capability to access them, said the people, who asked not to be identified discussing the company's plans.

Apple's previous calculations -- proven correct -- were that the new networks and the first versions of rival smartphones would come with problems such as spotty coverage, making consumers less compelled to immediately make the jump. This time, 5G boosters argue the switch is a much bigger speed upgrade, making Apple's decision to wait riskier. The networks will open the floodgates to new types of mobile computing, 5G advocates say.

U.S. President Donald Trump and Chinese President Xi Jinping agreed Saturday to keep their trade war from escalating with a promise to temporarily halt the imposition of new tariffs [the link may be paywalled; alternative source], as the world's two largest economies negotiate a lasting agreement. China also agreed to further market opening, its foreign minister said. In a statement, White House said the U.S. had agreed not to increase tariffs on Chinese goods to 25% on Jan. 1. From a report: The truce between the U.S. and China emerged after a highly anticipated dinner Saturday between Trump and Xi on the sidelines of the Group of 20 summit in Argentina. The leaders agreed to stop the introduction of new tariffs and intensify their trade talks, Chinese Foreign Minister Wang Yi told reporters hours later in Buenos Aires. The White House called the meeting "highly successful," saying the U.S. will leave existing tariffs on $200 billion of Chinese goods at 10 percent and refrain from raising that rate to 25 percent as planned on Jan. 1. In exchange, the U.S. wants an immediate start to talks on Trump's biggest complaints about Chinese trade practices: intellectual property theft, non-tariff barriers and cyber theft. After 90 days, if there's no progress on structural reform, the U.S. will raise those tariffs to 25 percent, White House Press Secretary Sarah Huckabee Sanders said in a statement. China also agreed to boost its purchases of agricultural and industrial goods to reduce its trade imbalance with the U.S., she said.

American business journalist Joe Nocera writes in a Bloomberg article about "how badly things have deteriorated for the U.S. car makers," after the recent news that both General Motors and Ford will soon be exiting the sedan market in the country. Slashdot reader gollum123 shares the report: Much of the analysis about Ford and GM's exit from the sedan market stressed that sedan sales have lost ground in recent years "as consumers have gravitated toward pickup trucks and sport-utility vehicles," as the New York Times put it. If you look at the historical sales figures of the top Japanese sedans, you'll see a small decline in recent years, but nothing like the big drop-off in sales that have hammered the American companies. So in addition to the overall decline in sedan sales, there is a second, largely overlooked, dynamic taking place: Americans have only stopped buying American sedans, not Japanese sedans. The American car companies now say they are going to count on profits from trucks and SUVs while moving toward autonomous and all-electric vehicles. They had better hope that transition takes place quickly.

I couldn't help noticing that while the top three selling vehicles in the U.S. are, indeed, American-made trucks, No. 4 on the list is Nissan's top SUV, the Rogue, the sales of which have gone from 18,000 in 2007 to 403,000 last year. No. 5 is a Toyota SUV, the Rav4 (407,000 in 2017). No. 6 is the Honda CR-V (378,000). And the leading American SUV? It's the Chevy Equinox. Last year, Chevrolet sold 290,000 of them -- 100,000 fewer than the Toyota Camry.

Millennials, long presumed to have less interest in the nonstop consumption of goods that underpins the American economy, might not be that different after all, a new study from the Federal Reserve says. From a report: Their spending habits are a lot like the generations that came before them, they just have less money at this point in their lives, the Fed study found. The group born between 1981 and 1997 has fallen behind because many of them came of age during the financial crisis. "We find little evidence that millennial households have tastes and preference for consumption that are lower than those of earlier generations, once the effects of age, income, and a wide range of demographic characteristics are taken into account," wrote authors Christopher Kurz, Geng Li and Daniel J. Vine.

Their findings [PDF] are grounded in an analysis of spending, income, debt, net worth, and demographic factors among different generations. The conclusion that millennials aren't all that different also holds for the researchers' more granular examination of expenditures on cars, food, and housing. "It primarily is the differences in average age and then differences in average income that explain a large and important portion of the consumption wedge between millennials and other cohorts," they conclude. So much for the young folks favoring "experiences" over tangible goods.

Amazon.com is jumping on the blockchain wave with new cloud services that help customers build the technology needed to record transactions. From a report: Amazon Web Services Chief Executive Officer Andy Jassy on Wednesday announced Amazon Managed Blockchain, a new service underpinning blockchain networks that record millions of transactions. The company spent the past year studying the needs of customers interested in blockchain solutions before creating the new products, Jassy said.

The service can be used to manage peer-to-peer payments, process loans and help businesses transact with distributors and suppliers, Jassy said. AWS announced a string of other new or updated cloud offerings, seeking to maintain its lead in the market for internet-based computing. The company also announced a new service called Amazon Quantum Ledger Database or QLDB, which is a fully managed ledger database with a central trusted authority. The service, which is launching into preview today, offers an append-only, immutable journal that tracks the history of all changes, Amazon said. And all the changes are cryptographically chained and verifiable.

For more than 30 years, Intel has dominated chipmaking, producing the most important component in the bulk of the world's computers. That run is now under threat from a company many Americans have never heard of. From a report: Taiwan Semiconductor Manufacturing Co. was created in 1987 to churn out chips for companies that lacked the money to build their own facilities. The approach was famously dismissed at the time by Advanced Micro Devices founder Jerry Sanders. "Real men have fabs," he quipped at a conference, using industry lingo for factories. These days, ridicule has given way to envy as TSMC plants have risen to challenge Intel at the pinnacle of the $400 billion industry. AMD recently chose TSMC to make its most advanced processors, having spun off its own struggling factories years before.

TSMC's threat to Intel reflects a sea change in chipmaking that's seen one company after another hire TSMC to manufacture the chips they design. Hsinchu-based TSMC has scores of customers, including tech giants Apple and Qualcomm, second-tier players like AMD, and minnows such as Ampere Computing. The explosion of components built this way has given TSMC the technical know-how needed to churn out the smallest, most efficient and powerful chips in the highest volumes.

"It's a once-in-a-50-year situation," said Renee James, the former No. 2 at Intel who heads startup Ampere. Her company is less than two years old and yet it's going after Intel's dominant server chip business. That Ampere thinks it can compete is a testament to stumbles by Intel, and TSMC's ability to benefit from those mistakes. It's been a decade since Intel faced major competition and its 90 percent revenue share in computer processing will again deliver record results this year. But some on Wall Street are concerned, and rivals are emboldened, because TSMC has a real chance to replace Intel as the best chipmaker in the business. Last year, the Taiwanese company amassed a bigger market value than its U.S. rival for the first time.

A group of Google employees have put their name to a public letter calling on the company to abandon its plans for a Chinese search product that censors results. From a report: Project Dragonfly, as the initiative is known, would enable state surveillance at a time when the Chinese government is expanding controls over the population, according to the letter signed by at least 10 workers, predominately software engineers and researchers. The document also called on management to commit to transparency, be accountable and provide clear communication.

Ever since plans for Dragonfly emerged in August, Google parent Alphabet has been riven by internal dissent at the prospect of a search engine bending to Beijing's censorship. It was that sort of government control that prompted co-founders Larry Page and Sergey Brin to effectively pull out of China in 2010 when it decided to stop removing controversial links from web queries. "We refuse to build technologies that aid the powerful in oppressing the vulnerable, wherever they may be," the Google workers wrote in the letter. "Dragonfly in China would establish a dangerous precedent, one that would make it harder for Google to deny other countries similar concessions."

IBM CEO Ginni Rometty joined a growing chorus of tech executives lambasting web platforms, like Google and Facebook, over their collection of user data and urged governments to target regulation at those companies. Bloomberg reports: Without naming company names, Rometty pointed to the "irresponsible handling of personal data by a few dominant consumer-facing platform companies" as the cause of a "trust crisis" between users and tech companies, according to an advanced copy of her remarks. Rometty's comments, given at a Brussels event with top EU officials Monday, echoed recent statements by Apple CEO Tim Cook, who in October slammed Silicon Valley rivals over their use of data, equating their services to "surveillance."

IBM meanwhile has seen revenue decline since Rometty took the CEO role in 2012, largely due to falling sales in existing hardware, software and services offerings. She has since been trying to steer IBM toward more modern businesses, such as the cloud, artificial intelligence, and security software. Seeking to separate IBM -- which operates primarily at a business-to-business level -- from the troubled tech companies, Rometty said governments should target regulation at consumer-facing web platforms, like social media firms and search engines. In particular, Rometty pushed for more measures around the transparency of artificial intelligence as well as controversial rules around platform liability.