Domain: cnbc.com
Stories and comments across the archive that link to cnbc.com.
Stories · 631
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Justice Department Is Preparing To Prosecute WikiLeaks Founder Julian Assange (wsj.com)
According to the Wall Street Journal, "the Justice Department is preparing to prosecute WikiLeaks founder Julian Assange (Warning: source paywalled; alternative source) and is increasingly optimistic it will be able to get him into a U.S. courtroom." From the report: Over the past year, U.S. prosecutors have discussed several types of charges they could potentially bring against Mr. Assange, the people said. Mr. Assange has lived in the Ecuadorean embassy in London since receiving political asylum from the South American country in 2012. The people familiar with the case wouldn't describe whether discussions were under way with the U.K. or Ecuador about Mr. Assange, but said they were encouraged by recent developments.
Prosecutors have considered publicly indicting Mr. Assange to try to trigger his removal from the embassy, the people said, because a detailed explanation of the evidence against Mr. Assange could give Ecuadorean authorities a reason to turn him over. The exact charges Justice Department might pursue remain unclear, but they may involve the Espionage Act, which criminalizes the disclosure of national defense-related information. -
Facebook Reportedly Hired a PR Firm That Wrote Negative Articles About Rivals, Pushed George Soros Conspiracy Theory (cnbc.com)
According to a recently-published report in the New York Times, Facebook hired a public relations firm last year that wrote dozens of articles critical of rivals Google and Apple and pushed the idea that liberal financier George Soros was behind a growing anti-Facebook movement. "Facebook expanded its relationship with Definers Public Affairs in October 2017 after enduring a year's worth of external criticism over its handling of Russian interference on its social network," CNBC summarizes. From the report: The firm reportedly wrote articles that blasted Google and Apple while downplaying the impact of Russian interference on Facebook. Those articles were published on NTK Network, an affiliate of the firm whose content is often followed by politically conservative outlets, including Breitbart, the report says. Definers Public Affairs also reportedly pressed reporters to explore Soros' financial connections with groups that protested Facebook at Congressional hearings in July.
Facebook's relationship with Definers Public Affairs were outlined as part of a broader report that looked at the company's handling of numerous scandals over the past three years, including Russian interference and the Cambridge Analytica scandal in March. Other revelations in the report include Sheryl Sandberg's apparent fury when former security chief told the board of directors in fall 2017 about the full extent of Russian interference on the platform, and Mark Zuckerberg ordering managers to use Android phones after Apple CEO Tim Cook criticized the company's approach to privacy earlier this year. -
Bitcoin Plummets Under $6,000 To a New Low For the Year (cnbc.com)
Bitcoin's moment of relative stability ended abruptly Wednesday. The world's largest cryptocurrency hit its lowest level of the year, falling as much as 9 percent to a low of $5,640.36, according to CoinDesk. From a report: Bitcoin had been trading comfortably around the $6,400 range for the majority of the fall, a stark contrast from its volatile trading year. Other cryptocurrencies fared even worse on Wednesday. Ether fell as much as 13 percent while XRP, the third largest cryptocurrency by market capitalization, dropped 15 percent, according to CoinMarketCap.com. The rout is likely being spurred by uncertainty around bitcoin cash, according to founder and CEO of BKCM, Brian Kelly. -
Google Is Absorbing DeepMind's Health Care Unit To Create An 'AI Assistant For Nurses and Doctors'
Google has announced that it's absorbing DeepMind Health, a part of its London-based AI lab DeepMind. "In a blog post, DeepMind's founders said it was a 'major milestone' for the company that would help turn its Streams app -- which it developed to help the UK's National Health Service (NHS) -- into 'an AI-powered assistant for nurses and doctors' that combines 'the best algorithms with intuitive design,'" reports The Verge. "Currently, the Streams app is being piloted in the UK as a way to help health care practitioners manage patients." From the report: DeepMind says its Streams team will remain in London and that it's committed to carrying out ongoing work with the NHS. These include a number of ambitious research projects, such as using AI to spot eye disease in routine scans. The news is potentially controversial given the upset in the UK caused by one of DeepMind's early deals with the NHS. The country's data watchdogs ruled in 2017 that a partnership DeepMind struck with the NHS was illegal, as individuals hadn't been properly informed about how their medical data would be used.
Another consistent worry for privacy advocates in the UK has been the prospect of Google getting its hands on this sort of information. It's not clear what the absorption of the Streams team into Google means in that context, but we've reached out to DeepMind for clarification. According to a report from CNBC, the independent review board DeepMind set up to oversee its health work will likely be shut down as a result of the move. More broadly speaking, the news clearly signals Google's ambitions in health care and its desire to get the most of its acquisition of the London AI lab. There have reportedly been long-standing tensions between DeepMind and Google, with the latter wanting to commercialize the former's work. Compared to Google, DeepMind has positioned itself as a cerebral home for long-sighted research, attracting some of the world's best AI talent in the process. -
Facebook Follows Google To End Mandatory Arbitration For Sexual-Harassment Claims (cnbc.com)
An anonymous reader quotes a report from CNBC: Facebook on Friday became the latest tech company to end a policy of requiring employees to settle claims of sexual harassment through private arbitration, according to a report by the Wall Street Journal. It will now allow employees to take these types of claims to court. Tech companies have long used arbitration as a method for handling instances of sexual harassment to prevent employees from suing them in court, but that's starting to change. Facebook's move comes shortly after a similar move this week by Google, which came after thousands of its employees walked out in protest last week over its handling of sexual harassment complaints. Additionally, Facebook changed its policy on office dating and will now require employees who are director level or higher to disclose if they are dating a colleague, the report said. Previously, the company only required disclosure if an employee was dating someone they supervised, according to the report. -
Disney's New Netflix Rival Will Be Called Disney+, Launch Late 2019 (cnbc.com)
An anonymous reader quotes a report from CNBC: Disney's new streaming service will be called Disney+ and launch in late 2019, CEO Bob Iger announced on the company's earnings call Thursday. The service will also feature new, original shows and movies, including original Marvel and Star Wars series. Marvel fan favorite character Loki, played by Tom Hiddleston, will get an original series on the Disney+ service. A prequel series to Star Wars movie "Rogue One" about the character Cassian Andor, portrayed by Diego Luna, will also call the service home.
Other original shows and movies include a rebooted version of The High School Musical franchise. It will also be a hub for animated content, including the next season of "Star Wars: The Clone Wars" and an new original animated series based on Pixar's "Monsters Inc." Exclusive movies include "Noel," a Christmas movie about Santa's daughter played by Anna Kendrick, and "Togo," a movie about the 1925 Nome Serum Run starring William DaFoe. Disney launched a placeholder website for Disney+ that shows off logos of brands like Pixar, National Geographic and Marvel. Last year, Disney announced that it would remove all its movies from Netflix in 2019 to entice consumers to use their own streaming offering. It also purchased Fox for $71.3 billion to bolster its library of content. -
In a First, Amazon Begins Mailing 70-page Printed Holiday Toy Catalog To US Homes (cnbc.com)
Amazon is shipping its first-ever printed holiday toy catalog, titled "A Holiday of Play," to millions of customers in the U.S. starting this month, the company said. From a report: "Amazon is excited to offer a new way for customers to shop for toys this holiday season," Amazon said in a statement. The catalog comes with a distinct retro look, invoking memories of old Toys "R" Us catalogs that made the now-defunct toy retailer so successful. Some of the featured toys come with a QR code, allowing readers to instantly scan and shop for more products. Readers can also scan the product images in the catalog with their Amazon App to get more information and add them to their shopping cart. The move is Amazon's latest in following the playbook of traditional brick-and-mortar retailers. -
Chinese President Vows To Boost Intellectual Property Protection (afr.com)
hackingbear writes: In the opening of China's first import-themed trade fair, President Xi Jinping promised tougher penalties for intellectual property theft, a key concern of the Trump administration, in front of leaders and executives from 3,600 companies from more than 170 countries. China has been steadily advancing intellectual property protection over the years. In addition to filing twice as many patents as the U.S. in 2017, up nearly 14 folds from 2001, it is also increasingly being selected as a key venue for patent litigation by non-Chinese companies, as litigants feel they are treated fairly as foreign plaintiffs won the majority of their patent cases in 2015 (though that likely attracts patent trolls). China's journey from piracy to protection models the journeys of the U.S. which had blatantly violated intellectual properties in building its modern industry. -
Microsoft Has Built Its New Campus In Minecraft To Introduce Employees (cnbc.com)
Microsoft is using Minecraft to help employees get acquainted with a refresh of the company's campus in Redmond, Washington. CNBC reports: Earlier this year, Microsoft enlisted Blockworks, a company that uses Minecraft's digital building blocks for designing real-world projects, to create a miniature rendering of the campus facelift, which is scheduled for completion in 2022. They're using graphics that are far more immersive than two-dimensional photos and videos.
While Minecraft was designed for gamers, its immersive nature and the ability to quickly move around and construct edifices makes it easy to see how new buildings will look when inserted into an existing landscape. [James Delaney, a managing director at Blockworks] said Minecraft forces designers to sacrifice some accuracy because structures in real life don't always have the game's squared-off look, but the speed and ease of use more than made up for those deficiencies. It might take just 10 minutes to wrap up a single building, he said. Microsoft employees -- and anyone else with the education edition of Minecraft -- can now take a digital tour of the new campus and see how plans are developing. Outside of Microsoft, that access requires a subscription to Office 365 Education. -
Amazon Is Hiring Fewer Workers This Holiday Season, a Sign That Robots Are Replacing Them (qz.com)
Amazon is hiring around 100,000 additional employees this holiday season, which is fewer than the company added in either the 2016 or 2017 holiday seasons, when it brought in 120,000 additional workers. "Citi analyst Mark May says he thinks the reduction in seasonal hiring is strong evidence that Amazon is succeeding with plans to automate operations in its warehouses," reports Quartz. From the report: "We've seen an acceleration in the use of robots within their fulfillment centers, and that has corresponded with fewer and fewer workers that they're hiring around the holidays," May told CNBC. He added that 2018 is the "first time on record" Amazon plans to hire fewer holiday workers than it did the previous year. "Since the last holiday season, we've focused on more ongoing full-time hiring in our fulfillment centers and other facilities," Amazon spokesperson Ashley Robinson said in an email, adding that the company has "created over 130,000 jobs" in the last year. "We are proud to have created over 130,000 new jobs in the last year alone."
Amazon bought robotics company Kiva Systems for $775 million in 2012, and began using its orange robots in warehouses in late 2014. By mid-2016, it had become clear just how big a difference those robots were making. The little orange guys could handle in 15 minutes the sorting, picking, packing, and shipping that used to take human workers an hour or more to complete. In June 2016, Deutsche Bank predicted Kiva automation could save Amazon nearly $2.5 billion (those savings dropped to $880 million after accounting for the costs of installing robots in every warehouse). -
Amazon Plans To Split HQ2 Evenly Between Two Cities, Report Says (wsj.com)
Amazon plans to split its second headquarters evenly between two locations rather than picking one city for HQ2, WSJ reported Monday, citing a person familiar with the matter, a surprise decision that will spread the impact of a massive new office across two communities. From the report: The driving force behind the decision to build two equal offices in addition to the company's headquarters in Seattle is recruiting enough tech talent, according to the person familiar with the company's plans. The move will also ease potential issues with housing, transit and other areas where adding tens of thousands of workers could cause problems. [...] The report, published Monday, did not specify the locations Amazon is exploring, but on Sunday, the newspaper had reported that the ecommerce giant was in late-stage discussions with Crystal City in Virginia, Dallas and New York City. [The aforementioned link may be paywalled; here's an alternative source.] -
Tesla Says Justice Department, SEC Are Investigating Model 3 Production Targets (cnbc.com)
Tesla said in a regulatory filing Friday that the SEC and Justice Department are investigating their Model 3 production projections to see if they misled investors. CNBC reports: The filing confirms much of an Oct. 26 article in The Wall Street Journal that said FBI agents were looking at whether Tesla misled investors about production of its Model 3 sedans. The FBI is the principal investigative arm of the Justice Department. The SEC, which just settled its securities fraud investigation against CEO Elon Musk and the company, has separately subpoenaed Tesla for Musk's statements about production rates regarding its popular Model 3 sedan, the company said. DOJ prosecutors have also asked for the same information, although it stopped short of issuing a formal subpoena, the company said in a filing with the SEC. In an interview with Recode's Kara Swisher, Elon Musk denied the validity of the WSJ article.
"The amount of untruthful stuff that is written is unbelievable. Take that Wall Street Journal front-page article about, like, 'The FBI is closing in.' That is utterly false. That's absurd," Musk told Swisher. "To print such a falsehood on the front page of a major newspaper is outrageous. Like, why are they even journalists? They're terrible. Terrible people." -
Apple, Amazon, Google and More Than 50 Other Companies Sign Letter Against Trump Administration's Proposed Gender Definition Changes (cnbc.com)
Apple, Amazon, Facebook and Google, and dozens of other tech companies have come together to condemn discrimination against transgender people in the face of actions President Donald Trump is reportedly considering to reduce their legal protections. From a report: The move is a response to an Oct. 21 New York Times report that the Trump administration is considering limiting the definition of gender to birth genitalia. "Sex means a person's status as male or female based on immutable biological traits identifiable by or before birth," the Department of Health and Human Services proposed in a memo obtained by the Times. If legislation were to move forward, it would jeopardize legal protections for an estimated 1.4 million Americans who identify as a gender other than the one they were assigned at birth, the Times said.
The statement from the companies, which have nearly 4.8 million employees, said diversity and inclusion are good for business. "Transgender people are our beloved family members and friends, and our valued team members," the statement said. "What harms transgender people harms our companies." -
Facebook Reports Slowing Revenue and User Growth (cnbc.com)
Facebook released its third-quarter earnings on Tuesday and the results are mixed. While revenue rose 33 percent and profit increased 9 percent for the third quarter from a year earlier, revenue growth was down from the 42 percent jump that Facebook had reported in the previous quarter (Warning: source may be paywalled; alternative source). "Facebook also said its daily active users increased 9 percent from a year earlier to 1.49 billion, compared with 11 percent growth in the previous quarter," reports The New York Times. "It's monthly active users reached 2.27 billion." From the report: The social network has spent the past 18 months under scrutiny for the spread of disinformation, hate speech and leaks of user data. Executives have vowed change and Facebook has scrambled to apply fixes, even as new issues surface on an almost weekly basis. Mark Zuckerberg, Facebook's chief executive, has said there is likely to be future hits to profit margins as it works to repair systemic issues. The social network has pledged to hire tens of thousands more people to monitor content across its platform. -
IBM To Buy Red Hat, the Top Linux Distributor, For $34 Billion (bloomberg.com)
International Business Machines (IBM) is acquiring software maker Red Hat in a deal valued at $34 billion, the companies said Sunday. From a report: The purchase, announced on Sunday afternoon, is the latest competitive step among large business software companies to gain an edge in the fast-growing market for Internet-style cloud computing. In June, Microsoft acquired GitHub, a major code-sharing platform for software developers, for $7.5 billion. IBM said its acquisition of Red Hat was a move to open up software development on computer clouds, in which software developers write applications that run on remote data centers. From a press release: This acquisition brings together the best-in-class hybrid cloud providers and will enable companies to securely move all business applications to the cloud. Companies today are already using multiple clouds. However, research shows that 80 percent of business workloads have yet to move to the cloud, held back by the proprietary nature of today's cloud market. This prevents portability of data and applications across multiple clouds, data security in a multi-cloud environment and consistent cloud management.
IBM and Red Hat will be strongly positioned to address this issue and accelerate hybrid multi-cloud adoption. Together, they will help clients create cloud-native business applications faster, drive greater portability and security of data and applications across multiple public and private clouds, all with consistent cloud management. In doing so, they will draw on their shared leadership in key technologies, such as Linux, containers, Kubernetes, multi-cloud management, and cloud management and automation. IBM's and Red Hat's partnership has spanned 20 years, with IBM serving as an early supporter of Linux, collaborating with Red Hat to help develop and grow enterprise-grade Linux and more recently to bring enterprise Kubernetes and hybrid cloud solutions to customers. These innovations have become core technologies within IBM's $19 billion hybrid cloud business. Between them, IBM and Red Hat have contributed more to the open source community than any other organization. -
Tesla Faces FBI Probe Over Model 3 Production Numbers (cnbc.com)
A new report from The Wall Street Journal says the FBI is reviewing Tesla's Model 3 production numbers as part of an ongoing criminal probe into whether the company misled investors. "Federal agents are reviewing Tesla's stated Model 3 numbers dating back to early 2017, the Journal reports, citing unnamed sources," CNBC reports. From the report: Tesla had previously said it provided documents to the Department of Justice regarding CEO Elon Musk's controversial take-private tweet -- a blunder that ultimately cost Tesla and Musk a combined $40 million in fraud settlement fees. Now Tesla says it also provided information to the Department of Justice regarding Musk's public statements regarding production numbers of its Model 3 sedan. Tesla says the company has not received "a subpoena, a request for testimony, or any other formal process," but the Journal reported Friday that former Tesla employees have received subpoenas and requests for testimony. -
Google Reportedly Paid Andy Rubin $90 Million After He Allegedly Coerced Sex From Employee (theverge.com)
The New York Times has revealed new details on the circumstances that surrounded Andy Rubin's departure from Google in 2014. According to the report, Google "investigated sexual misconduct claims against Rubin, which revolved around an incident in which he allegedly coerced another Google employee into 'performing oral sex in a hotel room in 2013,'" The Verge reports. "Despite reportedly finding the claims credible -- to the point that Page decided Rubin needed to go -- Google gave him a $90 million exit package. The last $2 million of that agreement will be paid out next month." From the report: Before that payout, and during the initial stages of its investigation in 2014, Google awarded Rubin "a stock grant worth $150 million." The move gave Rubin, at that time a highly-valued executive at the company, major financial incentive for sticking around after he'd moved on from Android to focus his efforts on a robotics unit. The Times says it's unclear whether Page or Google's leadership committee knew about the misconduct allegations when they approved that huge grant. But they certainly did when reaching the $90 million figure as Rubin headed out the door, and Page offered public praise for Rubin in announcing his departure. After he left, Google proceeded to invest in his VC, Playground Ventures. And the company even allowed him to delay paying back a $14 million loan it'd given him "to buy a beach estate in Japan." In a statement to the New York Times, Google said: "[W]e investigate and take action, including termination. In recent years, we've taken a particularly hard line on inappropriate conduct by people in positions of authority. We're working hard to keep improving how we handle this type of behavior."
UPDATE: Google CEO Sundar Pichai sent an email to employees Thursday in response to the report, saying 48 employees have been fired for sexual misconduct over the last two years. -
Ex-Facebook Security Chief Calls Out Tim Cook and Apple's Practices in China (cnbc.com)
On Wednesday, Tim Cook lambasted at many companies, saying they are weaponizing data against people and societies. Cook's remarks made headlines across the world. But someone reminded that even Apple appears to be bending backwards at places. Agreeing with everything Tim Cook had shared, Alex Stamos, former CSO of Facebook called out the company over its actions to limit access to apps in China. From a report: "We don't want the media to create an incentive structure that ignores treating Chinese citizens as less-deserving of privacy protections because a CEO is willing to bad-mouth the business model of their primary competitor, who uses advertising to subsidize cheaper devices," Stamos said in a series of tweets responding to recent comments made by Apple CEO Tim Cook.
[...] Though Stamos said he agreed with "almost everything" Cook said, in a series of tweets he called out Apple for blocking the ability to download VPN and encrypted messaging apps in China, which could provide ways to connect to the internet and send messages privately and without surveillance. -
Tesla Reports Third-Quarter Profit That Beats Market Expectations (cnbc.com)
Rei writes: When Tesla announced late last year that it was targeting sustained profitability in the second half of 2018, reaffirming this target throughout the year, the markets reacted with skepticism. Indeed, despite repeated insistence that the company had no need for a capital round, news analysts have treated the concept of Tesla dilution to raise more capital as inevitable and urgent to pay off convertible bonds next spring, even suggesting insidious theories that the reason it hadn't was that it "couldn't."
Well, today Tesla put the doubts to rest with a blockbuster Q3 report -- not simply eking out a profit and small free cash flow growth, but $2.92 per-share profit and $881 million free cash flow -- almost raising the entire value of their convertible bond debt in a single quarter. While many were skeptical about Tesla's claims that it would go from near zero profit margin on Model 3s to their claimed target of 15%, Tesla instead hit a 20% margin on the Model 3 (now the highest-revenue car in the U.S.), with a 25.8% overall automotive gross margin. This was all achieved with only $52 million worth of zero-emission vehicle credits claimed this quarter. While Tesla bears will likely claim that this quarter was a one-off that won't be repeated, Tesla reiterates guidance for sustained profitability from herein, barring a force majeure event. -
Silicon Valley's Dirty Secret: Using a Shadow Workforce of Contract Employees To Drive Profits (cnbc.com)
An anonymous reader shares a report: As the gig economy grows, the ratio of contract workers to regular employees in corporate America is shifting. Google, Facebook, Amazon, Uber and other Silicon Valley tech titans now employ thousands of contract workers to do a host of functions -- anything from sales and writing code to managing teams and testing products. This year at Google, contract workers outnumbered direct employees for the first time in the company's 20-year history. It's not only in Silicon Valley. The trend is on the rise as public companies look for ways to trim HR costs or hire in-demand skills in a tight labor market. The U.S. jobless rate dropped to 3.7 percent in September, the lowest since 1969, down from 3.9 percent in August, according to the Bureau of Labor Statistics. Some 57.3 million Americans, or 36 percent of the workforce, are now freelancing, according to a 2017 report by Upwork. In San Mateo and Santa Clara counties alone, there are an estimated 39,000 workers who are contracted to tech companies, according to one estimate by University of California Santa Cruz researchers. Spokespersons at Facebook and Alphabet declined to disclose the number of contract workers they employ. A spokesperson at Alphabet cited two main reasons for hiring contract or temporary workers. One reason is when the company doesn't have or want to build out expertise in a particular area such as doctors, food service, customer support or shuttle bus drivers. Another reason is a need for temporary workers when there is a sudden spike in workload or to cover for an employee who is on leave. -
Amazon's Move Off Oracle Caused Prime Day Outage in One of its Biggest Warehouses, Internal Report Says (cnbc.com)
Amazon is learning how hard it can be to move off of Oracle's database software. From a report: On Prime Day, while the e-retailer was dealing with a major website glitch that slowed sales, the company was also dealing with a technical problem in Ohio at one of its biggest warehouses, leading to thousands of delayed package deliveries, according to an internal report obtained by CNBC. The problem was in large part due to Amazon's migration from Oracle's database to its own technology, the documents show. The outage underscores the challenge Amazon faces as it looks to move completely off Oracle's database by 2020, and how difficult it is to re-create that level of reliability. It also shows that Oracle's database is more efficient in some aspects than Amazon's rival software, a point that Oracle will likely emphasize during this week's annual OpenWorld conference in San Francisco. -
AWS CEO Andy Jassy Follows Apple In Calling For Retraction of Chinese Spy Chip Story (cnbc.com)
An anonymous reader quotes a report from CNBC: Andy Jassy, the CEO of Amazon Web Services, followed Apple's lead in calling the for the retraction of Bloomberg's story about spy chips being embedded in servers. "They offered no proof, story kept changing, and showed no interest in our answers unless we could validate their theories," Jassy wrote in a tweet on Monday. "Reporters got played or took liberties. Bloomberg should retract."
Apple CEO Tim Cook told Buzzfeed on Friday that the scenario Bloomberg reported never happened and that the October story in Bloomberg Businessweek should be retracted. Bloomberg alleged data center hardware used by Apple and AWS, and provided by server company Super Micro, was under surveillance by the Chinese government, even though almost all the companies named in the report denied Bloomberg's claim. Bloomberg published a denial from AWS alongside its own report, and AWS refuted the report in a more strongly worded six-paragraph blog post entitled "Setting the Record Straight on Bloomberg Businessweek's Erroneous Article." Further reading is available via The Washington Post.
"Sources tell the Erik Wemple Blog that the New York Times, the Wall Street Journal and The Post have each sunk resources into confirming the story, only to come up empty-handed," the Washington Post reports. "(The Post did run a story summarizing Bloomberg's findings, along with various denials and official skepticism.) It behooves such outlets to dispatch entire teams to search for corroboration: If, indeed, it's true that China has embarked on this sort of attack, there will be a long tail of implications. No self-respecting news organization will want to be left out of those stories. 'Unlike software, hardware leaves behind a good trail of evidence. If somebody decides to go down that path, it means that they don't care about the consequences,' Stathakopoulos says.'" -
Major Facebook Investors Want Mark Zuckerberg Out as Chairman (cnbc.com)
Major Facebook investors, including public pension funds and state officials, are pushing for Mark Zuckerberg's ouster as chairman of the company's board. From a report: The proposal is largely symbolic, since Zuckerberg holds absolute control of the board. But it comes at a difficult time for Facebook, as security breaches plague the company and spur questions around corporate oversight. "We need Facebook's insular boardroom to make a serious commitment to addressing real risks -- reputational, regulatory, and the risk to our democracy -- that impact the company, its share owners, and ultimately the hard-earned pensions of thousands of New York City workers," New York City Comptroller Scott Stringer said in a statement to CNBC. Stringer joined a previous motion by Trillium Asset Management in calling for Zuckerberg to step down. -
Microsoft Co-Founder Paul Allen Dies of Cancer At Age 65 (cnbc.com)
CNBC is reporting that Microsoft Co-Founder Paul Allen has died from complications of non-Hodgkin's lymphoma. Vulcan Inc. said in a statement Monday that Allen passed this afternoon in Seattle at the age of 65. From the report: "While most knew Paul Allen as a technologist and philanthropist, for us he was a much-loved brother and uncle, and an exceptional friend. Paul's family and friends were blessed to experience his wit, warmth, his generosity and deep concern," [Paul Allen's sister, Jody Allen] said in a statement. "For all the demands on his schedule, there was always time for family and friends. At this time of loss and grief for us -- and so many others -- we are profoundly grateful for the care and concern he demonstrated every day."
Earlier this month, Allen revealed that he had started treatment for non-Hodgkin's lymphoma, the same type of cancer he overcame nine years earlier. The longtime CEO left Microsoft when he was first diagnosed with the disease. Allen also ranked among the world's wealthiest individuals. As of Monday afternoon, he ranked 21st on Forbes' list of billionaires with an estimated net worth of $20.3 billion. UPDATE: Added a link to a statement from Vulcan Inc. on behalf of the Allen Family and Paul G. Allen network. -
Jeff Bezos Predicts We'll Have 1 Trillion Humans in the Solar System, and Blue Origin Wants To Help Get Us There (cnbc.com)
Blue Origin founder Jeff Bezos predicted Monday that we'll have one trillion humans in the solar system one day -- and he showed off how the rocket company plans to help get there. "I won't be alive to see the fulfillment of that long term mission," Bezos said at the Wired 25th anniversary summit in San Francisco. "We are starting to bump up against the absolute true fact that Earth is finite." From a report: Blue Origin's aim is to lower the cost of access to space, Bezos said. Elon Musk's SpaceX and Richard Branson's Virgin Galactic are also eyeing commercial space travel. "The dynamism that I have seen over the last 20 years in the internet where incredible things have happened in really short periods of time," Bezos said. "We need thousands of companies. We need the same dynamism in space that we've seen online over the last 20 years. And we can do that." Further reading: Jeff Bezos Wants Us All to Leave Earth -- for Good. -
Apple Plans To Give Away Original Content For Free To Device Owners as Part of New Digital TV Strategy, Report Says (cnbc.com)
Apple is planning a new digital video service that will provide original content free to its device owners, CNBC reported Wednesday. From the report: Apple is preparing a new digital video service that will marry original content and subscription services from legacy media companies, according to people familiar with the matter. Owners of Apple devices, such as the iPhone, iPad and Apple TV will find the still-in-the-works service in the pre-installed "TV" application, said the people, who asked not to be named because the details of the project are private. The product will include Apple-owned content, which will be free to Apple device owners, and subscription "channels" which will allow customers to sign up for online-only services, such as those from HBO and Starz. Apple plans to debut the revamped app early next year, the people said. As Bloomberg reported in May, the subscription channels will essentially copy Amazon's Prime Video Channel Subscriptions. Customers will be able to access all of their content from within the TV app so they won't need to download individual apps from multiple media providers. -
FBI Director on Whether Apple and Amazon Servers Had Chinese Spy Chips: 'Be Careful What You Read' (cnbc.com)
During a hearing in front of the Senate Homeland Security Committee on Wednesday, FBI Director Christopher Wray told senators to "be careful what you read," when asked about a recent story involving spy chips from China being secretly embedded into servers owned by Apple, Amazon and other big companies. From a report: Senator Ron Johnson, R-Wis., chairman of the committee, asked Wray when his agency found out about the chips that server manufacturer Super Micro implanted into server hardware, as reported last week by Bloomberg Businessweek. "I would say to the newspaper article or, I mean, the magazine article, I would say be careful what you read," Wray replied. "Especially in this context." Johnson called on Wray to speak to the accuracy of the story, telling the FBI director that, "We don't want false information out there." Wray said he couldn't offer much detail because the agency has a policy of not confirming or denying that an investigation is underway. "I do want to be careful that my comment not be construed as inferring or implying, I should say, that there is an investigation," Wray said. "We take very seriously our obligation to notify victims when they've been targeted." -
Facebook Unveils Portal and Portal+ Smart Speakers With Video Calling Feature (cnbc.com)
Facebook on Monday unveiled a pair of smart speakers, complete with cameras and microphones, for your home. From a report: The devices, Portal and Portal+, directly challenge Amazon, Google and Apple in the fast-growing smart-speaker market with a unique approach that will emphasize video calling. It's Facebook's first hardware product outside the Oculus line of virtual-reality devices. To start a video call, users can say "Hey Portal, call ..." followed by the name of a connection on Facebook's Messenger service. These calls include entertaining augmented-reality features that can outfit users with cat hats or turn their living rooms into animated night clubs. Another feature is Smart Camera, which uses artificial intelligence and the devices' cameras to perfectly frame users on video as they move around while on a call.
[...] Besides video calls, the Portal devices can stream music from Spotify, Pandora and Amazon Music and video from Facebook Watch. Not included at launch are services like Apple Music, YouTube, Netflix, Hulu or HBO Now. The devices come equipped with Amazon's Alexa voice assistant and the many skills available on that service, allowing them to ask questions like "What's the weather?" or "How are my teams doing?" [...] The company is taking preorders for the devices now and will begin shipping them early next month. The Portal, which features a 10-inch screen, is available for $199 while the Portal+, which has a long, 15.6-inch screen, is priced at $349. WashingtonPost reports that the device follows the person in their house: What's unique about Facebook's device is the tech it uses to make the video calls look good. Think of it as a personal cinematographer: A 12-megapixel camera -- equivalent to most phones -- identifies the shape of people within its 140-degree field of view and pans and zooms to make sure they're all always in the frame. You can wander around the room, do chores, Jazzercise, play with the kids or whatever. (Or, if you want, you can tap on the face of one person and the Portal camera will track just them.) -
Artificial Sweeteners Are Toxic To Digestive Gut Bacteria, Study Finds (cnbc.com)
According to a study published in the journal Molecules, researchers found that six common artificial sweeteners approved by the FDA and 10 sport supplements that contained them were found to be toxic to the digestive gut microbes of mice. CNBC reports: Researchers from Ben-Gurion University of the Negev in Israel and Nanyang Technological University in Singapore tested the toxicity of aspartame, sucralose, saccharine, neotame, advantame, and acesulfame potassium-k. They observed that when exposed to only 1 milligram per milliliter of the artificial sweeteners, the bacteria found in the digestive system became toxic. According to the study, the gut microbial system "plays a key role in human metabolism," and artificial sweeteners can "affect host health, such as inducing glucose intolerance." Additionally, some of the effects of the new FDA-approved sweeteners, such as neotame, are still unknown.
However, the study found that mice treated with the artificial sweetener neotame had different metabolic patterns than those not treated, and several important genes found in the human gut had decreased. Additionally, concentrations of several fatty acids, lipids and cholesterol were higher in mice treated with neotame than in those not. Because of the widespread use of artificial sweeteners in drinks and foods, many people consume them without knowing it. -
Apple CEO Tim Cook Says Giving Up Your Data For Better Services is 'a Bunch of Bunk' (washingtonpost.com)
Apple chief executive Tim Cook urged consumers not to believe the dominant tech industry narrative that the data collected about them will lead to better services. From a report: In an interview with "Vice News Tonight" that aired Tuesday, Cook highlighted his company's commitment to user privacy, positioning Apple's business as one that stands apart from tech giants that compile massive amounts of personal data and sell the ability to target users through advertising [The link may be paywalled; alternative source]. "The narrative that some companies will try to get you to believe is: I've got to take all of our data to make my service better," he said. "Well, don't believe them. Whoever's telling you that, it's a bunch of bunk." [...] Cook said in the interview that he is "exceedingly optimistic" that the topic of data privacy has reached an elevated level of public debate. "When the free market doesn't produce a result that's great for society you have to ask yourself what do we need to do. And I think some level of government regulation is important to come out on that." -
Elon Musk Pulled Out of Settlement With SEC At Last Minute (cnbc.com)
Sources have shared some new details with CNBC relating to the recent SEC charges against Tesla CEO Elon Musk. Yesterday, U.S. securities regulators sued Musk for allegedly making false statements related to his abandoned efforts to take Tesla Motors private. Now, according to CNBC, Tesla and the SEC were close to a no-guilt settlement but Elon Musk pulled out at the last minute. From the report: Under the deal, Musk and Tesla would have had to pay a nominal fine, and the CEO would not have had to admit any guilt, the sources said. However, the settlement would have barred Musk as chairman for two years and would require Tesla to appoint two new independent directors, CNBC's David Faber, citing sources. Musk refused to sign the deal because he felt that by settling he would not be truthful to himself, and he wouldn't have been able to live with the idea that he agreed to accept a settlement and any blemish associated with that, the sources said. Musk called the SEC's allegations "unjustified" and that he acted in the best interests of investors. "Tesla and the board of directors are fully confident in Elon, his integrity, and his leadership of the company, which has resulted in the most successful U.S. auto company in over a century. Our focus remains on the continued ramp of Model 3 production and delivering for our customers, shareholders and employees," said Tesla's board of directors in a statement. -
Elon Musk Pulled Out of Settlement With SEC At Last Minute (cnbc.com)
Sources have shared some new details with CNBC relating to the recent SEC charges against Tesla CEO Elon Musk. Yesterday, U.S. securities regulators sued Musk for allegedly making false statements related to his abandoned efforts to take Tesla Motors private. Now, according to CNBC, Tesla and the SEC were close to a no-guilt settlement but Elon Musk pulled out at the last minute. From the report: Under the deal, Musk and Tesla would have had to pay a nominal fine, and the CEO would not have had to admit any guilt, the sources said. However, the settlement would have barred Musk as chairman for two years and would require Tesla to appoint two new independent directors, CNBC's David Faber, citing sources. Musk refused to sign the deal because he felt that by settling he would not be truthful to himself, and he wouldn't have been able to live with the idea that he agreed to accept a settlement and any blemish associated with that, the sources said. Musk called the SEC's allegations "unjustified" and that he acted in the best interests of investors. "Tesla and the board of directors are fully confident in Elon, his integrity, and his leadership of the company, which has resulted in the most successful U.S. auto company in over a century. Our focus remains on the continued ramp of Model 3 production and delivering for our customers, shareholders and employees," said Tesla's board of directors in a statement. -
Satellite Company Partners With Jeff Bezos' AWS To Bring Internet To 'Whole Planet' (cnbc.com)
Iridium Communications is partnering with Amazon Web Services to develop a satellite-based network called CloudConnect for Internet of Things (IoT) applications. "We're really covering the whole planet [...] with terrestrial networks today it's still only 10 percent or 20 percent" of the Earth, Iridium CEO Matt Desch told CNBC. "Everybody today can connect pretty easily with very little effort. Now that Amazon has put our language into the cloud platform, they can extend their applications to the satellite realm." From the report: CloudConnect, which the company expects to launch in 2019, makes Iridium "the first, and only, satellite provider now connected to" Amazon Web Services, Desch said. The CloudConnect network will focus on "where cellular technologies aren't," Desch said, bringing the rest of the world within reach of AWS. The company is nearly finished putting its Iridium NEXT constellation of 75 satellites into orbit. SpaceX is launching the $3 billion satellite network for Iridium, with the eighth and final launch happening later this year.
Once online, Iridium NEXT will offer services such as higher broadband communications speeds and global airplane tracking. Iridium describes the IoT aspect of the network as a "catalyst for strong subscriber growth." Desch said the network hosts "about half a million" active devices, growing at a rate of about 20 percent per year for the last three years. With AWS onboard, Desch gave a very bullish estimates for his IoT services: "Easily this could expand to tens of millions of devices." -
SEC Charges Elon Musk With Fraud Over His Statements To Take Tesla Private (bloomberg.com)
U.S. securities regulators have sued Elon Musk for allegedly making false statements related to his abandoned efforts to take Tesla Motors private. Bloomberg News broke the news Thursday, citing docket entry in Manhattan federal court. Last month, Musk had expressed his intentions to take Tesla private, and that he had secured the funding. Taking Tesla private, which would have helped the company avoid making short-term commitments and goals, would be the "best path forward," Musk had said at the time. Even as investors had shown agreement to Musk's move, a few days later, he announced that after further discussions, everyone believes that Tesla should remain public. Amid all of this, some argued that Musk made the "false" claim just to hurt short-sellers. From the lawsuit: This case involves a series of false and misleading statements made by Elon Musk, the Chief Executive Officer of Tesla, Inc. ("Tesla"), on August 7, 2018, regarding taking Tesla, a publicly traded company, private. Musk's statements, disseminated via Twitter, falsely indicated that, should he so choose, it was virtually certain that he could take Tesla private at a purchase price that reflected a substantial premium over Tesla stock's then-current share price, that funding for this multi-billion dollar transaction had been secured, and that the only contingency was a shareholder vote. In truth and in fact, Musk had not even discussed, much less confirmed, key deal terms, including price, with any potential funding source. During a press conference, Stephanie Avakian, co-director of the SEC's division of enforcement, said: A chairman and CEO of a public company has important responsibilities to shareholders. Those responsibilities include the need to be scrupulous and careful about the truth and accuracy of statements made to the investing public, whether those statements are made in traditional forms such as a press release or an earnings call or through less formal methods such as Twitter or other social media. Neither celebrity status nor reputation as a technological innovator provide an exemption from the federal securities laws. In a statement to CNBC, Musk said, "This unjustified action by the SEC leaves me deeply saddened and disappointed. I have always taken action in the best interests of truth, transparency and investors. Integrity is the most important value in my life and the facts will show I never compromised this in any way." -
Amazon Is Opening a New Store That Sells Items From Its Website Rated 4 Stars and Above (cnbc.com)
Amazon is opening a new store in New York City that sells items from its website rated 4 stars or above. The company appears to be making a bigger push into brick-and-mortar retail following its acquisition of Whole Foods and the gradual rollout of its cashier-less convenience stores. CNBC reports: The store is set to open this Thursday in New York's SoHo neighborhood, on 72 Spring Street. The company said Amazon Prime members will pay "the Amazon.com price" when they shop there. An Amazon spokeswoman said the store is permanent, not a pop-up location, as some of its shops -- including one that sold Calvin Klein merchandise in SoHo last year -- have been before.
Amazon said customers will find items like a mini skillet, card games and many of the company's own electronic devices including the Echo Spot and Fire TV Stick, in the new store, called Amazon 4-star. It said it will also include some "Trending Around NYC" items there, which Amazon is able to track on its website. Amazon said digital price tags in the new store will show how much Prime members are saving, the average star rating and how many ratings a product has received, similar to what shoppers can see on the website today. -
Google Ends Cryptocurrency Ad Ban For Certain Kinds of Ads (cnbc.com)
Earlier this year, Google updated its financial services-ad policies to ban any advertising about cryptocurrency-related content, including initial coin offerings (ICOs), wallets, and trading advice. Google appears to be reversing course with a new policy starting in October that will allow regulated cryptocurrency exchanges to buy ads in the U.S. and Japan. Advertising about ICOs, wallets and trading advice are reportedly still not allowed. CNBC reports: Google's updated policy applies to advertisers all over the world, though the ads can only run in the U.S. and Japan, and interested parties will need to apply for certification to serve ads in each country individually. Google's move follows Facebook, which started allowing pre-approved cryptocurrency advertisers in June. Google parent company Alphabet gets roughly 86 percent of its total revenue from advertising. The company booked more than $54 billion in ad revenue in the first half of 2018. -
Google Revamps Search Engine To Include New Cards and Tags As It Celebrates Its 20th Anniversary (cnbc.com)
As Google celebrates its 20th anniversary, it announced a range of new updates to its namesake search engine. The Mountain View company announced it was drawing on its artificial intelligence capabilities to provide smart videos in Google search with a new "Featured Videos" card. It will start to play videos in results, one after another -- but only show the short parts of videos that are relevant to your search. Google, the parent company of which is Alphabet, also introduced an activity card which would show pages a user has visited, at the top of search results. Users will have the ability to delete items from this activity card. The company also introduced "Collections," through which it will let users save content from the activity card to their collections. Google will then use things you've saved, and your history, in order to recommend new content for your collections. CNBC adds: Additionally Google is enhancing topics for certain things you search for. If you search for "pug," for example, you'll see a card where you can find little things to tap, like names, training details and how to buy or adopt a pug. Google will make sure that these cards at the top of search results will stay fresh based on what people publish online, Google vice president of product management Nick Fox said.
Google is also redesigning its feed for recommended content, which appears in places like the Google app or the homescreen of Google's Pixel devices. It will now be called "Discover," and it will show videos, among other things, for the first time. [...] Google is bringing the Discover feed to the Google homepage on all mobile browsers in the next few weeks Moxley said. The Discover feed will remember preferences for the language you like different types of content to be in. For example, if you like recipes in Spanish, it will only show pages with Spanish-language recipes, but if you like your news in English, news articles will be in English.
Google's image search is getting enhancements. There will be tags that show products, and other kinds of images, like stock images and do-it-yourself tutorials, so you'll be able find the sort of thing you're looking for faster. Google Images will get its new look on desktop computers starting this Thursday. -
Google Employees Discussed Tweaking Search Results To Counter Trump's Travel Ban (wsj.com)
An anonymous reader quotes a report from The Wall Street Journal: Days after the Trump administration instituted a controversial travel ban in January 2017, Google employees discussed how they could tweak the company's search-related functions (Warning: source may be paywalled; alternative source) to show users how to contribute to pro-immigration organizations and contact lawmakers and government agencies, according to internal company emails. The email traffic, reviewed by The Wall Street Journal, shows that employees proposed ways to "leverage" search functions and take steps to counter what they considered to be "islamophobic, algorithmically biased results from search terms 'Islam', 'Muslim', 'Iran', etc." and "prejudiced, algorithmically biased search results from search terms `Mexico', `Hispanic', `Latino', etc." The email chain, while sprinkled with cautionary notes about engaging in political activity, suggests employees considered ways to harness the company's vast influence on the internet in response to the travel ban. Google said none of the ideas discussed were implemented. "These emails were just a brainstorm of ideas, none of which were ever implemented," a company spokeswoman said in a statement. "Google has never manipulated its search results or modified any of its products to promote a particular political ideology -- not in the current campaign season, not during the 2016 election, and not in the aftermath of President Trump's executive order on immigration. Our processes and policies would not have allowed for any manipulation of search results to promote political ideologies." -
Alibaba's Jack Ma Backs Down From Promise To Trump To Bring 1 Million Jobs to the US (cnbc.com)
Jack Ma, chairman of Alibaba, has abandoned a promise to create one million new jobs in the US, in a sign of the threat that rising trade tensions with China pose to some of US President Donald Trump's key economic goals. From a report: "The promise was made on the premise of friendly US-China partnership and rational trade relations," Ma told Chinese news site Xinhua on Wednesday. "That premise no longer exists today, so our promise cannot be fulfilled." Ma, who recently announced that he will step down as Alibaba chairman within a year, added that the company would "not stop working hard to contribute to the healthy development of China-US trade." Ma's comments come on the heels of a new round of tariffs this week from both China and the U.S. that will affect billions of dollars worth of goods as the two countries have failed to reach a deal to resolve the Trump administration's concerns about China's trade practices. -
Amazon is Reportedly Planning Up To 3,000 Cashierless Stores By 2021 (cnbc.com)
Amazon is planning to open 3,000 of its cashierless stores by 2021, Bloomberg reported Wednesday, planning a major push into retail as it continues to scale its online platform. CNBC: The e-commerce giant currently has three locations open in Seattle, where Amazon is headquartered, and just this past week opened a location in Chicago. Bloomberg adds: Chief Executive Officer Jeff Bezos sees eliminating meal-time logjams in busy cities as the best way for Amazon to reinvent the brick-and-mortar shopping experience, where most spending still occurs. But he's still experimenting with the best format: a convenience store that sells fresh prepared foods as well as a limited grocery selection similar to 7-Eleven franchises, or a place to simply pick up a quick bite to eat for people in a rush, similar to the U.K.-based chain Pret a Manger, one of the people said.
[...] Adding 3,000 convenience stores would make AmazonGo among the biggest chains in U.S. The internet giant is considering plans to have about 10 locations open by the end of this year, about 50 locations in major metro areas in 2019, and then as many as 3,000 by 2021, said the people, who requested anonymity discussing internal plans. Opening multiple locations in proximity, like it's doing in Seattle, could also help Amazon reduce costs by centralizing food production in one kitchen serving many stores. The U.S. currently has 155,000 convenience stores, with 122,500 of them combined with gas stations, according to industry group NACS. Non-fuel purchases at convenience stores totaled $233 billion in 2016, with cigarettes and other tobacco products the best-selling items. -
Amazon is Reportedly Planning Up To 3,000 Cashierless Stores By 2021 (cnbc.com)
Amazon is planning to open 3,000 of its cashierless stores by 2021, Bloomberg reported Wednesday, planning a major push into retail as it continues to scale its online platform. CNBC: The e-commerce giant currently has three locations open in Seattle, where Amazon is headquartered, and just this past week opened a location in Chicago. Bloomberg adds: Chief Executive Officer Jeff Bezos sees eliminating meal-time logjams in busy cities as the best way for Amazon to reinvent the brick-and-mortar shopping experience, where most spending still occurs. But he's still experimenting with the best format: a convenience store that sells fresh prepared foods as well as a limited grocery selection similar to 7-Eleven franchises, or a place to simply pick up a quick bite to eat for people in a rush, similar to the U.K.-based chain Pret a Manger, one of the people said.
[...] Adding 3,000 convenience stores would make AmazonGo among the biggest chains in U.S. The internet giant is considering plans to have about 10 locations open by the end of this year, about 50 locations in major metro areas in 2019, and then as many as 3,000 by 2021, said the people, who requested anonymity discussing internal plans. Opening multiple locations in proximity, like it's doing in Seattle, could also help Amazon reduce costs by centralizing food production in one kitchen serving many stores. The U.S. currently has 155,000 convenience stores, with 122,500 of them combined with gas stations, according to industry group NACS. Non-fuel purchases at convenience stores totaled $233 billion in 2016, with cigarettes and other tobacco products the best-selling items. -
EU's Antitrust Commissioner Opens Preliminary Probe into Amazon (cnbc.com)
European Competition Commissioner Margrethe Vestager has begun questioning merchants on Amazon's use of their data, Vestager said Wednesday. The issue, she said, is whether Amazon is using data from the merchants it hosts on its site to secure an advantage in selling products against those same retailers. From a report: "These are very early days and we haven't formally opened a case. We are trying to make sure that we get the full picture," Vestager said during a news conference Wednesday. The probe comes as the world's largest online retailer faces growing calls for regulation. Investors and insiders have long cited Amazon's size and reach as reason to break the company up. President Donald Trump has hinted at antitrust action against Amazon as part of continued attacks against CEO Jeff Bezos, who also owns The Washington Post. U.S. Attorney General Jeff Sessions was set to meet this month with state officials to discuss antitrust concerns in Silicon Valley, though much of the regulation on Big Tech thus far has come out of Brussels. -
Wharton Professor Says America Should Shorten the Work Day By 2 Hours (cnbc.com)
Adam Grant, an organizational psychologist, New York Times best-selling author, and The Wharton School's top professor, says Americans should work two hours less. Instead of the typical 9-to-5, people "should finish at 3pm," says Grant in a recent LinkedIn post. "We can be as productive and creative in 6 focused hours as in 8 unfocused hours." CNBC reports: In the LinkedIn post, Grant was weighing in on an Atlantic article about the time gap between when school and work days end, a bane for many parents. But it's not the first time Grant has given his stamp of approval to less work with more productivity. "Productivity is less about time management and more about attention management," Grant tweeted in July, highlighting an article about a successful four-day work week study. For the study, a New Zealand company adopted a four-day work week (at five-day pay) with positive results; the company saw benefits ranging from lower stress levels in employees to increased performance. In a recent blog post, billionaire Richard Branson also touted the success of a three-day or four-day work week. "It's easier to attract top talent when you are open and flexible," Branson said in the post. "It's not effective or productive to force them to behave in a conventional way."
"Many people out there would love three-day or even four-day weekends," said Branson. "Everyone would welcome more time to spend with their loved ones, more time to get fit and healthy, more time to explore the world." -
Apple's AirPower Wireless Charger Is Facing Overheating Issues, Says Reports (cnbc.com)
Two separate reports are saying Apple's yet-to-be-released AirPower charger is facing overheating issues. The product, designed to simultaneously charge an iPhone, Apple Watch, and AirPods, was announced more than a year ago at Apple's 2017 iPhone event. Apple has yet to provide any additional information on AirPower, even during its iPhone event last week. The company even appears to have wiped all mention of it from its website. CNBC reports: Tech writer Sonny Dickson, who has a track record of accurately reporting on Apple, said over the weekend that Apple has struggled with heat management, which affects accuracy and charging speed. Dickson thinks it's unlikely Apple will make its end-of-year release deadline. Daring Fireball's John Gruber said something similar. Gruber said the charging pad, which uses a multi-coil design, is "getting too hot -- way too hot."
"There are engineers who looked at AirPower's design and said it could never work, thermally. ... I think they've either had to go completely back to the drawing board and start over with an entirely different design, or they've decided to give up and they just don't want to say so," Gruber said. Apple gave a broad timeline for AirPower's launch, saying it would go on sale in 2018. So it is still possible it can work out any issues before the end of the year. -
Amazon Plans To Release At Least 8 New Alexa-Powered Devices, Including A Microwave, Amplifier, and In-Car Gadget (cnbc.com)
Amazon is planning to release at least 8 new voice-controlled hardware devices before the end of the year, according to CNBC. "The devices include, among others, a microwave oven, an amplifier, a receiver, a subwoofer, and an in-car gadget, people familiar with the matter said," reports CNBC. "All of the devices will be Alexa-enabled, meaning they can easily connect to the voice assistant. Some of the devices will also have Alexa built in." From the report: Amazon is expected to reveal some of these devices at an event later this month, according to an internal document describing the plans. The new devices reflect Amazon's ambition to make its Alexa voice technology ubiquitous by focusing on areas where people spend most of their time -- at home and in the car. Alexa was initially considered a geeky experiment at Amazon. Now it is now one of the most popular voice assistants, leading the growth of the burgeoning smart speaker market, which is expected to be worth $30 billion by 2024, according to Global Market Insights. -
Machines Are Going To Perform More Tasks Than Humans By 2025 (cnbc.com)
In less than a decade, most workplace tasks will be done by machines rather than humans, according to the World Economic Forum's latest AI job forecast. From a report: Machines will overtake humans in terms of performing more tasks at the workplace by 2025 -- but there could still be 58 million net new jobs created in the next five years, the World Economic Forum (WEF) said in a report on Monday. Developments in automation technologies and artificial intelligence could see 75 million jobs displaced, according to the WEF report "The Future of Jobs 2018." However, another 133 million new roles may emerge as companies shake up their division of labor between humans and machines, translating to 58 million net new jobs being created by 2022, it said. At the same time, there would be "significant shifts" in the quality, location and format of new roles, according to the WEF report, which suggested that full-time, permanent employment may potentially fall. Some companies could choose to use temporary workers, freelancers and specialist contractors, while others may automate many of the tasks. New skill sets for employees will be needed as labor between machines and humans continue to evolve, the report pointed out. -
San Francisco Gets Its First Cashierless Store (cnbc.com)
Last Week, San Francisco got its first completely automated cashierless store, called Standard Market. The store requires users to download their app before they can enter the 1,900-square-foot building. Once they do that, they can enter the store, grab the items they need, and walk out -- all without ever interacting with a cashier. The 27 cameras positioned on the ceiling are supposedly able to identify which items shoppers walk out with. CNBC reports: The start-up behind this operation is Standard Cognition, which has raised $11.2 million in venture capital and formed partnerships with four retail chains around the world. This first market is a prototype to showcase the technology and work on the bugs. The ambitious goal is to add the tech in 100 stores a day (each day!) by 2020. Five of the seven founders came from the Securities and Exchange Commission, where they built artificial intelligence software to detect fraud and trade violations, before starting Standard Cognition in 2017. Now these fraud experts are working to discern something equally complicated: whether I am stealing a snack. The store is very similar to Amazon's cashierless Go market, but differs in that it relies exclusively on the ceiling cameras and AI software to figure out what you're buying. "The goal is to predict, and prevent, shoplifting, because unlike Amazon's Go stores, which have a subway turnstile-like gate for entry and exit, Standard Market has an open door, and the path is clear," reports CNBC. "Once the system decides it has detected potential theft behavior, a store attendant will get a text and walk over for 'a polite conversation,' Standard Cognition's co-founder and chief operating officer, Michael Suswal, said." -
Facebook Will Start Fact-Checking Pictures, Videos (cnbc.com)
Facebook said Thursday that it will start fact-checking images and videos. "People share millions of photos and videos on Facebook every day. We know that this kind of sharing is particularly compelling because it's visual. That said, it also creates an easy opportunity for manipulation by bad actors," Facebook said in a blog post. CNBC reports: Edited photos and strong visuals were common among the posts by Russian agents attempting to interfere with the 2016 U.S. presidential election and other global elections, according to examples released by members of Congress. Facebook has been ramping up fact-checking efforts and third-party human reviewers in recent months in an effort to protect future elections from foreign interference. The company has already detected what it called "coordinated inauthentic behavior" ahead of the midterm elections in November.
"Many of our third-party fact-checking partners have expertise evaluating photos and videos and are trained in visual verification techniques, such as reverse image searching and analyzing image metadata, like when and where the photo or video was taken," Facebook said. "Fact-checkers are able to assess the truth or falsity of a photo or video by combining these skills with other journalistic practices, like using research from experts, academics or government agencies." -
FDA Chief Considers Ban of All Flavored E-Cigarettes (wsj.com)
Calling a surge in teen use of e-cigarettes an epidemic, the head of the Food and Drug Administration says he is considering pulling all flavored e-cigarettes from the U.S. market. From a report: After years of declining U.S. smoking rates, sales of e-cigarettes have jumped in the past year, fueled in part by online startups selling vaporizers and nicotine-laced liquids. The most popular brand, Juul, sells refills with mango, cucumber and creme flavors. Each $4 pod contains as much nicotine as a pack of cigarettes. "The number of teenagers we believe are now using these products... has reached an epidemic proportion," said FDA Commissioner Scott Gottlieb, who is expected to announce new measures Wednesday to curb underage use. Dr. Gottlieb said he believes that certain flavors make the products appealing to teens. "The availability of e-cigarettes cannot come at the expense of addicting a new generation of youth onto nicotine, and it won't," he said in an interview. Alternative source, and official announcement. -
Boeing Is Calling Back Its Retirees To Try To Fix Delays At Its 737 Jetliner Plant (cnbc.com)
Boeing is trying to fix delays at its 737 jetliner plant near Seattle, so it's turning to its retired workers. "Boeing started hiring retired mechanics and inspectors on a temporary basis after reaching an agreement with the International Association of Machinists and Aerospace Workers on August 15," reports CNBC. From the report: The snarl at its plant in Renton, Washington, triggered by shortages of engines and fuselages as Boeing sped production to record levels in June, is likely to hurt third-quarter results and threatens its goal to boost build rates again in 2019, some analysts said after meetings in the Seattle area last week. Investors will get a peek on Tuesday at how far behind Boeing is when it releases its order and delivery tallies for August, a month after deliveries fell to the lowest level in years. Deliveries are crucial to planemakers because that is when airlines pay most of what they owe for the aircraft. Boeing has already deployed about 600 employees and new hires to Renton in recent weeks to help fix delays, analysts said. It was not clear how many retired workers Boeing intends to hire.