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Amazon is recalling 260,000 AmazonBasics portable power banks that can "overheat and ignite," according to a release by the Consumer Product Safety Commission. The company has received more than 50 reports of the power banks overheating in the U.S., causing chemical burns and property damage. CNBC reports: "Consumers should immediately unplug and stop using the recalled power banks and contact Amazon for instructions on how to return the unit and receive a full refund," the release says. Amazon is contacting everyone who purchased one of the affected devices. The recall covers six versions of the AmazonBasics portable battery: 16,100 mAh; 10,000 mAh; 5,600 mAh; 2,000 mAh with micro USB cable; 3,000 mAh; and 3,000 mAh with USB micro cable.

An anonymous reader shares a report: Twitter could one day allow everyone to be verified by one of the company's signature blue ticks, according to CEO Jack Dorsey. In a livestream on Periscope, Dorsey said Thursday that opening verification to more people could help to make sure people on the platform are who they say they are. "The intention is to open verification for everyone, and to do it in a way that is scalable where we (Twitter) are not in the way. And people can verify more facts about themselves and we don't have to be the judge or imply any bias on our part," Dorsey said. Twitter introduced the blue checkmark in 2009. It was initially available to public figures such as celebrities, but has since expanded to others like journalists and bloggers. Users need to apply for the blue tick, explaining why they need one.

Elon Musk believes China isn't playing fair in the car trade with the U.S. since it puts a 25 percent import duty on American cars, while the U.S. only does 2.5 percent for Chinese cars. "I am against import duties in general, but the current rules make things very difficult," Musk tweeted. "It's like competing in an Olympic race wearing lead shoes." CNBC reports: Tesla's Elon Musk is complaining to President Donald Trump about China's car tariffs. "Do you think the US & China should have equal & fair rules for cars? Meaning, same import duties, ownership constraints & other factors," Musk said on Twitter in response to a Trump tweet about trade with China. He added that no American car company is "allowed to own even 50% of their own factory" in the Asian country, but China's auto firms can own their companies in the U.S. Trump responded to Musk's tweets later at his steel and aluminum tariff press conference Thursday. "We are going to be doing a reciprocal tax program at some point, so that if China is going to charge us 25% or if India is going to charge us 75% and we charge them nothing ... We're going to be at those same numbers. It's called reciprocal, a mirror tax," Trump said after reading Musk's earlier tweets out loud.

An anonymous reader quotes a report from CNBC: Snap is laying off about 100 engineers -- nearly 10 percent of the team -- CNBC has learned. The company has seen smaller rounds of layoffs in recent months in its marketing, recruiting and content divisions. These layoffs would be Snap's largest yet and the first to hit the company's engineers. The company last month rolled out the redesign of its pioneering photo messaging app. The redesign separated publisher content from content posted by friends and connections. Snap reported roughly 3,000 employees as of the December quarter and said in its first annual filing that it expected "headcount growth to continue for the foreseeable future."

Best Buy is planning to close all of its roughly 250 smaller-format mobile phone stores, CEO Hubert Joly said to employees Wednesday in an internal memo, which was reviewed by CNBC. From a report: The stores, which are about 1,400 square feet in size compared with Best Buy's bigger boxes of 40,000 square feet, are scheduled to close by the end of May, he said. The mobile stores are almost exclusively located within malls, with a few scattered throughout open-air strip centers. "We feel good about the opportunity to retain customers and transition them to another one of our sales channels," Joly wrote to workers. "85 percent of existing standalone Mobile stores are within three miles of a Big Box store."

hyperclocker shares a report from CNBC: Amazon is buying smart doorbell maker Ring, a deal that will allow the company to expand its home security and in-house delivery services. In an email statement to CNBC, Ring's spokesperson confirmed the deal, saying: "We'll be able to achieve even more by partnering with an inventive, customer-centric company like Amazon. We look forward to being a part of the Amazon team as we work toward our vision for safer neighborhoods." Amazon is expected to keep Ring as an independent business, much like it has with its other acquisitions, like Zappos and Twitch, according to GeekWire, which earlier reported details of the deal. Financial details of the move were not disclosed, but Reuters reported it could be worth more than $1 billion, making it one of the largest acquisitions in Amazon's history.

An anonymous reader quotes a report from CNBC: During a recent "Ask Me Anything" session on Reddit, the Microsoft co-founder said that the main feature of cryptocurrencies is the anonymity they provide to buyers, and Gates thinks that can actually be harmful. "The government's ability to find money laundering and tax evasion and terrorist funding is a good thing," he wrote. "Right now, cryptocurrencies are used for buying fentanyl and other drugs, so it is a rare technology that has caused deaths in a fairly direct way." When a Reddit user pointed out that plain cash can also be used for illicit activities, Gates said that crypto stands out because it can be easier to use. "Yes -- anonymous cash is used for these kinds of things, but you have to be physically present to transfer it, which makes things like kidnapping payments more difficult," he wrote. Gates also warned that the wave of speculation surrounding cryptocurrencies is "super risky for those who go long."

An anonymous reader quotes a report from CNBC: A file that Apple updated on its website last month provides the first acknowledgment that it's relying on Google's public cloud for data storage for its iCloud services. The disclosure is fresh evidence that Google's cloud has been picking up usage as it looks to catch up with Amazon and Microsoft in the cloud infrastructure business. Some media outlets reported on Google's iCloud win in 2016, but Apple never provided confirmation. Apple periodically publishes new versions of a PDF called the iOS Security Guide. For years the document contained language indicating that iCloud services were relying on remote data storage systems from Amazon Web Services, as well as Microsoft's Azure. But in the latest version, the Microsoft Azure reference is gone, and in its place is Google Cloud Platform. Before the January update, Apple most recently updated the iOS Security Guide in March. The latest update doesn't indicate whether Apple is using any Google cloud services other than core storage of "objects" like photos and videos. The document also doesn't make it clear when Apple started storing data in Google's cloud.

Microsoft CEO Satya Nadella on Monday suggested that Microsoft could grow more from its Office 365 line of cloud productivity apps than anything in the company's 43-year history. From a report: With business editions of Office 365, Microsoft faces competition from Google, as well as younger players like Box and Dropbox, in the race to get companies collaborating in apps running on remote cloud servers. "The growth opportunity for what is Office 365 is a lot bigger than anything we've achieved, even with our high penetration in the client-server world," Nadella said at the Morgan Stanley Technology Media and Telecom conference in San Francisco. When companies transition from Microsoft's traditional licensing business to cloud-based subscriptions, it's "not a one-for-one move," Nadella told Morgan Stanley analyst Keith Weiss at the event. Microsoft recently introduced the Microsoft 365 bundle, which includes Office as well as Windows, along with enterprise security and mobility services. Nadella also talked up the company's potential in the Azure public cloud infrastructure business, where it competes with Google as well as Amazon Web Services. "We had a good business in our server business, but this business is orders of magnitude bigger than what used to be a successful server business," he said.

Dropbox employs a somewhat unusual technique to lower its costs, the cloud software company revealed on Friday in its filing to go public . From a report: In a process the company calls "infrastructure optimization," Dropbox said it deletes users' accounts if they don't sign in for a year and don't respond to emails. That keeps the company from incurring storage costs for inactive users, a tactic Yahoo has used in the past. Dropbox said that the costs of revenue dropped 6 percent in 2017 to $21.7 million, mostly due to a $35.1 million reduction "in our infrastructure costs." As it prepares to lure public market investors, Dropbox is paying particularly close attention to its expenses. The company operates in an intensively competitive market against vendors including Apple, Amazon, Box, Google and Microsoft. Once reliant on Amazon Web Services , Dropbox has moved away from public cloud in recent years and has been building its own data center infrastructure to store the majority of user data. Another way it's managed costs is by making sure that there weren't too many copies of users' files on third-party infrastructure.

An anonymous reader quotes a report from Quartz, written by Per Bylund, assistant professor at Oklahoma State University: Analysts discuss the automation of jobs as if robots are rising from the sea like Godzilla, rampaging through the Tokyo of stable employment, and leaving only chaos in their wake. According to data from PWC, 38% of jobs in the U.S. could become automated by the early 2030s. Meanwhile, a report from Ball State University's Center for Business and Economic Research warned that half of all American jobs could be replaced by automation. These prophecies of doom fail to recognize that automation and increased productivity are nothing new. From the cotton gin to the computer, automation has been happening for centuries. Consider the way automation has improved the mining industry over the past 100 years. Without machines, humans were forced to crawl into unstable passageways and chip away at rocks with primitive tools while avoiding the ever-present dangers of gas poisoning and cave-ins. Not only was this approach terrible for health, but it was also a highly inefficient use of skilled human laborers. With machines doing the heavy lifting, society was able to dedicate resources to building, servicing, and running the machinery.

Fewer people now do the traditional physical labor, but this advancement is celebrated rather than mourned. By letting machines handle the more tedious -- and, in some cases, dangerous -- tasks, people were liberated to use their labor in more efficient, effective, and fulfilling ways. Critics of automation miss the point. Nobody works for the sake of work -- people strive to create value, which helps pay our salaries and feed our families. Automation effectively opens the door for more new endeavors that will elevate our species to greater heights. Just as past generations turned away the mines for better careers, modern workers whose jobs are altered by automation will see their roles in society evolve rather than disappear.

Google launched its latest answer to Apple Pay on Tuesday. It's called Google Pay and replaces Android Pay, a previous solution that let Android users buy goods with their smartphones. From a report: It's also Google's answer to Apple Pay and Apple Pay Cash. Google Pay follows several failed attempts by Google to launch a widespread payment platform. The company launched Google Wallet several years ago before folding it and launching Android Pay. Google Pay combines features from both, including the ability to pay at checkout counters with a smartphone, and even the option to scan into transit systems in cities such as Kiev, London and Portland, initially.

An anonymous reader shares a report: "AI can be our friend," says Gates. In response to the question, "What do you think will happen to human civilization with further development in AI technology?" Gates says the rise in artificial intelligence will mean society will be able to do more with less. "AI is just the latest in technologies that allow us to produce a lot more goods and services with less labor. And overwhelmingly, over the last several hundred years, that has been great for society," explains Gates. "We used to all have to go out and farm. We barely got enough food, when the weather was bad people would starve. Now through better seeds, fertilizer, lots of things, most people are not farmers. And so AI will bring us immense new productivity," says Gates.

America's greatest vulnerability is its continued inability to acknowledge the extent of its adversaries' capabilities when it comes to cyber threats, says Ian Bremmer, founder and president of leading political risk firm Eurasia Group. From a report: Speaking to CNBC from the Munich Security Conference on Saturday, the prominent American political scientist emphasized that there should be much more government-level concern and urgency over cyber risk. The adversarial states in question are what U.S. intelligence agencies call the "big four": Russia, China, North Korea, and Iran. "We're vulnerable because we continue to underestimate the capabilities in those countries. WannaCry, from North Korea -- no one in the U.S. cybersecurity services believed the North Koreans could actually do that," Bremmer described, naming the ransomware virus that crippled more than 200,000 computer systems across 150 countries in May of 2017.

Borge Brende, president of the World Economic Forum, weighed in, stressing the economic cost of cyber crimes. "It is very hard to attribute cyberattacks to different actors or countries, but the cost is just unbelievable. Annually more than a thousand billion U.S. dollars are lost for companies or countries due to these attacks and our economy is more and more based on internet and data."

The heads of six top U.S. intelligence agencies told the Senate Intelligence Committee on Tuesday they would not advise Americans to use products or services from Chinese smartphone maker Huawei. "The six -- including the heads of the CIA, FBI, NSA and the director of national intelligence -- first expressed their distrust of Apple-rival Huawei and fellow Chinese telecom company ZTE in reference to public servants and state agencies," reports CNBC. From the report: "We're deeply concerned about the risks of allowing any company or entity that is beholden to foreign governments that don't share our values to gain positions of power inside our telecommunications networks," FBI Director Chris Wray testified. "That provides the capacity to exert pressure or control over our telecommunications infrastructure," Wray said. "It provides the capacity to maliciously modify or steal information. And it provides the capacity to conduct undetected espionage."

In a response, Huawei said that it "poses no greater cybersecurity risk than any ICT vendor." A spokesman said in a statement: "Huawei is aware of a range of U.S. government activities seemingly aimed at inhibiting Huawei's business in the U.S. market. Huawei is trusted by governments and customers in 170 countries worldwide and poses no greater cybersecurity risk than any ICT vendor, sharing as we do common global supply chains and production capabilities."

New York Times CEO Mark Thompson believes that the newspaper printing presses may have another decade of life in them, but not much more. "I believe at least 10 years is what we can see in the U.S. for our print products," Thompson said on "Power Lunch." He said he'd like to have the print edition "survive and thrive as long as it can," but admitted it might face an expiration date. "We'll decide that simply on economics," he said. "There may come a point when the economics of [the print paper] no longer make sense for us. The key thing for us is that we're pivoting. Our plan is to go on serving our loyal print subscribers as long as we can. But meanwhile to build up the digital business, so that we have a successful growing company and a successful news operation long after print is gone." CNBC reports: Digital subscriptions, in fact, may be what's keeping the New York Times afloat for a new generation of readers. While Thompson said the number of print subscribers is relatively constant, "with a little bit of a decline every time," the company said last week that it added 157,000 digital subscribers in the fourth quarter of 2017. The majority were new subscribers, but that number also included cooking and crossword subscriptions. Revenue from digital subscriptions increased more than 51 percent in the quarter compared with a year earlier. Overall subscription revenue increased 19.2 percent. Meanwhile, the company's fourth-quarter earnings and revenue beat analysts expectations, "even though the print side of the business is still somewhat challenged," Thompson said. Total revenue rose 10 percent from a year earlier to $484.1 million. New York Times' shares have risen more than 20 percent this year. "Without question we make more money on a print subscriber," Thompson added. "But the point about digital is that we believe we can grow many, many more of them. We've already got more digital than print subscribers. Digital is growing very rapidly. Ultimately, there will be many times the number of digital subscribers compared to print."

In a shocking development, Uber said on Friday it has settled the high-stakes trade-secret theft lawsuit brought by Alphabet's Waymo, resolving a conflict that already cost the ride-hailing giant its top driverless car engineer and threatened to further embarrass the company. From a report: Uber will pay Waymo a 0.34 percent equity stake amounting to about $245 million at Uber's recent $72 billion valuation, the companies said on Friday, after days of courtroom theatrics. Uber has also agreed not to incorporate Waymo's confidential information into its hardware and software, though Uber CEO Dara Khosrowshahi writes that he doesn't believe his company used any of Waymo's trade secrets in the first place. Khosrowshahi says that he feels "regret" over the dispute and wished his predecessors had handled it differently.

Facebook is talking about expanding its TV-like service, Watch, into a rival to Google's YouTube by opening the platform to more individual creators, CNBC reports citing people familiar with the plans. From the report: This would increase the amount of long-form video content that Facebook can sell ads against, and could reverse a decline in the time users are spending on the site. Facebook wants to allow more people to create their own shows on Watch, according to three media agencies who asked they remain anonymous because the conversations are private. Instead of buying rights to these shows, however, Facebook wants to create a system where creators can upload their shows for free, then earn a cut of the revenue from ads placed on that content -- similar to how YouTube pays its online creators. Another source with knowledge of the situation said Facebook's ultimate goal is to create a sustainable ad-supported video platform, where it won't have to pay for the majority of content.

An anonymous reader quotes Quartz: A new alliance made up of former Silicon Valley cronies has aseembled to challenge the technological Frankenstein they've collectively created. The Center for Humane Technology is a group comprising former employees and pals of Google, Facebook, and Mozilla. The nonprofit launches today (Feb. 4) in the hopes that it can raise awareness about the societal tolls of technology, which its members believe are inherently addictive. The group will lobby for a bill to research the effects of technology on children's health... On Feb. 7, the group's members will participate in a conference focused on digital health for kids, hosted by the nonprofit Common Sense.
The group also plans an anti-tech addiction ad campaign at 55,000 schools across America, and has another $50 million in media airtime donated by partners which include Comcast and DirecTV.

The group's co-founder, a former Google design ethicist, told Quartz that tech companies "profit by drilling into our brains to pull the attention out of it, by using persuasion techniques to keep [us] hooked." And the group's web page argues that "What began as a race to monetize our attention is now eroding the pillars of our society: mental health, democracy, social relationships, and our children."

An anonymous reader quotes CNBC: J.P. Morgan Chase, Bank of America and Citigroup said Friday they are no longer allowing customers to buy cryptocurrencies using credit cards. "At this time, we are not processing cryptocurrency purchases using credit cards, due to the volatility and risk involved," a J.P. Morgan Chase spokesperson said in a statement to CNBC. "We will review the issue as the market evolves."

A Bank of America spokesperson also said in an email that the bank has decided to decline credit card purchases of cryptocurrencies. Citigroup said in a statement that it has "made the decision to no longer permit credit card purchases of cryptocurrency. We will continue to review our policy as this market evolves." Earlier in January, Capital One Financial said it has decided to ban cryptocurrency purchases with its cards. Discover Financial Services has effectively prohibited cryptocurrency purchases with its credit cards since 2015.

YouTube CEO Susan Wojcicki has announced that creators whose actions impact negatively on its community will face "consequences." From a report: Wojcicki said the video-sharing platform is developing new policies that "would lead to consequences" if a content creator "does something egregious" that reflects unfavorably on other YouTube creators. YouTube's CEO made the comments in a blog post that detailed a list of the Google-owned firm's priorities for creators in 2018. In January, one of the service's most popular content creators, Logan Paul, published a video that showed the dead body of a man hanging from a tree. Wojcicki did not refer to the Logan Paul incident directly, but said that the misbehavior of some creators could put the broader YouTube community in a negative light. "While these instances are rare, they can damage the reputation and revenue of your fellow creators, so we want to make sure we have policies in place that allow us to respond appropriately," she said.

The controversial four-page memo created by Republican staffers on the House Intelligence Committee alleging abuse of surveillance authority by the Justice Department and FBI has been released Friday after being declassified by the president. The memo is unredacted. (Alternative link for the memo.) The Washington Post: The four-page, newly declassified memo written by the Republican staffers for the House Intelligence Committee said the findings "raise concerns with the legitimacy and legality of certain (Justice Department) and FBI interactions with the Foreign Intelligence Surveillance Court (FISC) calling it "a troubling breakdown of legal processes established to protect the American people from abuses related to the FISA process."

The memo accuses former officials who approved the surveillance applications -- a group that includes former FBI Director James B. Comey, his former deputy Andrew McCabe, former deputy attorney general Sally Yates and current Deputy Attorney General Rod J. Rosenstein -- of signing off on court surveillance requests that omitted key facts about the political motivations of the person supplying some of the information, Christopher Steele, a former intelligence officer in Britain. The memo says Steele "was suspended and then terminated as an FBI source for what the FBI defines as the most serious of violations -- an unauthorized disclosure to the media of his relationship with the FBI." The FBI Agents Association on Friday said that agents "have not, and will not, allow partisan politics to distract us from our solemn commitment to our mission." The full statement: The men and women of the FBI put their lives on the line every day in the fight against terrorists and criminals because of their dedication to our country and the Constitution. The American people should know that they continue to be well-served by the world's preeminent law enforcement agency. FBI Special Agents have not, and will not, allow partisan politics to distract us from our solemn commitment to our mission.

An anonymous reader shares a report from CNBC, written by Gabriel Weinberg, CEO and founder of DuckDuckGo: You may know that hidden trackers lurk on most websites you visit, soaking up your personal information. What you may not realize, though, is 76 percent of websites now contain hidden Google trackers, and 24 percent have hidden Facebook trackers, according to the Princeton Web Transparency & Accountability Project. The next highest is Twitter with 12 percent. It is likely that Google or Facebook are watching you on many sites you visit, in addition to tracking you when using their products. As a result, these two companies have amassed huge data profiles on each person, which can include your interests, purchases, search, browsing and location history, and much more. They then make your sensitive data profile available for invasive targeted advertising that can follow you around the Internet.
[...]
So how do we move forward from here? Don't be fooled by claims of self-regulation, as any useful long-term reforms of Google and Facebook's data privacy practices fundamentally oppose their core business models: hyper-targeted advertising based on more and more intrusive personal surveillance. Change must come from the outside. Unfortunately, we've seen relatively little from Washington. Congress and federal agencies need to take a fresh look at what can be done to curb these data monopolies. They first need to demand more algorithmic and privacy policy transparency, so people can truly understand the extent of how their personal information is being collected, processed and used by these companies. Only then can informed consent be possible. They also need to legislate that people own their own data, enabling real opt-outs. Finally, they need to restrict how data can be combined including being more aggressive at blocking acquisitions that further consolidate data power, which will pave the way for more competition in digital advertising. Until we see such meaningful changes, consumers should vote with their feet.

Apple today responded to reports that the Justice Department and Securities and Exchange Commission are probing its decision to throttle older iPhones, confirming that the U.S government has asked questions. From a report: Apple said it would never intentionally "degrade the user experience to drive customer upgrades." Apple acknowledged in December that it was secretly slowing the speeds of iPhones in an effort to help preserve aging batteries. In response to consumer backlash, the company dropped the price of battery replacements for the iPhone 6, iPhone 6s and iPhone 6s Plus from $79 to $29.

T-Mobile said on Monday that it will move to 100 percent renewable electricity by the year 2021. It had also "finalized a contract for wind power from the Solomon Forks Wind Project in Kansas," reports CNBC. "Power generation there is due to begin at the beginning of 2019, and will supplement the energy T-Mobile receives from the Red Dirt Wind Power Project in Oklahoma." From the report: John Legere, T-Mobile's president and CEO, said moving to renewable energy was the right thing to do and smart business. "We expect to cut T-Mobile's energy costs by around $100 million in the next 15 years thanks to this move," he added. T-Mobile has also joined the RE100, a group of global businesses committed to renewable power. Other members of the RE100 include Apple, Facebook and Google.

Amazon's indoor rainforest-like office space opened today after being in development for seven years. CNBC reports of what can be found inside the Spheres: The Spheres' three glass domes house some 40,000 plants of 400 species. Amazon, famous for its demanding work culture, hopes the Spheres' lush environs will let employees reflect and have chance encounters, spawning new products or plans. The space is more like a greenhouse than a typical office. Instead of enclosed conference rooms or desks, there are walkways and unconventional meeting spaces with chairs. Amazon has invested $3.7 billion on buildings and infrastructure in Seattle from 2010 to summer 2017, a figure that has public officials competing for its "HQ2" salivating. Amazon has said it expects to invest more than $5 billion in construction of HQ2 and to create as many as 50,000 jobs. The Spheres, designed by architecture firm NBBJ, will become part of Amazon's guided campus tours. Members of the public can also visit an exhibit at the Spheres by appointment starting Tuesday.

CNBC reports: Dell Technologies could emerge as a public company through a reverse-merger with VMware, the $60 billion cloud computing company it already controls, according to people familiar with the matter. The reverse merger, whereby VMware would actually buy the larger Dell, would then allow Dell to be traded publicly without going through a formal listing. It would also likely be the biggest deal in tech industry history, giving investors who backed Dell's move to go private in 2013 a way to monetize their deal, while helping Dell pay down some of its approximately $50 billion debt.

An anonymous reader quotes CNBC: No drones or driverless vehicles for delivering packages -- that's one of the major demands from the Teamsters labor union in the big contract negotiation it's undertaking with UPS this week. The union wants to ban UPS from using such new-fangled technology, which the logistics company has been reportedly testing... The current agreement affects 260,000 full and part-time UPS employees and expires in July. "UPS is focused on a contract that provides the flexibility needed to remain highly competitive, given the challenge of an increasingly crowded logistics segment," the company told CNBC.
The Drive notes the smaller carbon footprint of drone deliveries, while adding that "one completely understands and empathizes with the aversion truck drivers have toward this stark, autonomous future.

"If it feels like their jobs are being endangered by the incredible exponential growth in technology, it's because they are."

An anonymous reader quotes a report from CNBC: Tesla's problems with battery production at the company's Gigafactory in Sparks, Nevada, are worse than the company has acknowledged and could cause further delays and quality issues for the new Model 3, according to a number of current and former Tesla employees. These problems include Tesla needing to make some of the batteries by hand and borrowing scores of employees from one of its suppliers to help with this manual assembly, said these people. Tesla's future as a mass-market carmaker hinges on automated production of the Model 3, which more than 400,000 people have already reserved, paying $1,000 refundable fees to do so. The company has already delayed production, citing problems at the Gigafactory. On Nov. 1, 2017, CEO Elon Musk assured investors in an earnings call that Tesla was making strides to correct its manufacturing issues and get the Model 3 out. But more than a month later, in mid-December, Tesla was still making its Model 3 batteries partly by hand, according to current engineers and ex-Tesla employees who worked at the Gigafactory in recent months. They say Tesla had to "borrow" scores of employees from Panasonic, which is a partner in the Gigafactory and supplies lithium-ion battery cells, to help with this manual assembly. Tesla is still not close to mass producing batteries for the basic $35,000 model of this electric sedan, sources say.

Locke2005 shares a report from CNBC: Hackers stole several hundred million dollars' worth of a lesser-known cryptocurrency from a major Japanese exchange Friday. Coincheck said that around 523 million of the exchange's NEM coins were sent to another account around 3 a.m. local time (1 p.m. ET Thursday), according to a Google translate of a Japanese transcript of the Friday press conference from Logmi. The exchange has about 6 percent of yen-bitcoin trading, ranking fourth by market share on CryptoCompare. The stolen NEM coins were worth about 58 billion yen at the time of detection, or roughly $534.8 million, according to the exchange. Coincheck subsequently restricted withdrawals of all currencies, including yen, and trading of cryptocurrencies other than bitcoin. Locke2005 adds, "That, my friends, is the prime reason why speculating in cryptocurrency is a bad idea!"

On Wednesday, Apple released the test version of a new product that lets users download their health records, store them safely and show them to a doctor, caregiver or friend. "We view the future as consumers owning their own health data," Apple COO Jeff Williams said in an interview with CNBC. From the report: It all works when a user opens the iPhone's health app, navigates to the health record section, and, on the new tool, adds a health provider. From there, the user taps to connect to Apple's software system and data start streaming into the service. Patients will get notified via an alert if new information becomes available. In June, CNBC first reported on Apple's plans, including early discussions with top U.S. hospitals. The company confirmed that it has contracts with about a dozen hospitals across the country, including Cedars-Sinai, Johns Hopkins Medicine, Penn Medicine and the University of California, San Diego. The medical information available will include allergies, conditions, immunizations, lab results, medications, procedures and vitals. The information is encrypted and protected through a user's iPhone passcode.

On Wednesday, Apple released the test version of a new product that lets users download their health records, store them safely and show them to a doctor, caregiver or friend. "We view the future as consumers owning their own health data," Apple COO Jeff Williams said in an interview with CNBC. From the report: It all works when a user opens the iPhone's health app, navigates to the health record section, and, on the new tool, adds a health provider. From there, the user taps to connect to Apple's software system and data start streaming into the service. Patients will get notified via an alert if new information becomes available. In June, CNBC first reported on Apple's plans, including early discussions with top U.S. hospitals. The company confirmed that it has contracts with about a dozen hospitals across the country, including Cedars-Sinai, Johns Hopkins Medicine, Penn Medicine and the University of California, San Diego. The medical information available will include allergies, conditions, immunizations, lab results, medications, procedures and vitals. The information is encrypted and protected through a user's iPhone passcode.

On Monday, a Tesla Model S plowed into the back of a fire truck on a freeway near Culver City, California. The driver is claiming the car was on Tesla's Autopilot driver assistance system. As a result, the National Traffic Safety Board will be investigating both driver and vehicle factors. CNBC reports: The Culver City Firefighters Association Local 1927 union chapter tweeted out a picture of the crash on Monday afternoon. The firetruck was on the freeway helping after a motorcycle accident, the union said in an Instagram post. The post said there were no injuries. The outcome could have been much worse if firefighters had been standing at the back of the truck, Battalion Chief Ken Powell told the San Jose Mercury News. "Autopilot is intended for use only with a fully attentive driver," Tesla said in a statement sent to CNBC.

Michael Sheetz, reporting for CNBC: More than ten years after it was announced -- and extended over and over -- the Google-sponsored race to win $20 million by landing on the moon will end with no winners. The four teams racing to win the Google Lunar Xprize, which requires a company to land a spacecraft on the moon by March 31, are either short of money or unable to launch this year, three people familiar with the matter told CNBC. Meanwhile, Google -- which extended the deadline from 2012 to 2014 and then eventually to 2018 -- is not willing to push out the date further. "Google does not have plans at this time to extend the deadline again, however we are so thrilled with the progress made by these teams over the last ten years," a Google spokesperson said in a statement to CNBC. The commercial space industry has written off the Lunar Xprize as improbable, and not worth pursuing, according to sources.

Peter Boockvar is the Chief Investment Officer of Bleakley Financial Group, a $3.5B wealth management firm -- and he predicts "an epic crash will hit the cryptocurrency market," according to CNBC. "He isn't sure if it'll come to a grinding halt or be a slow and steady drop -- but he says it's coming." "When something goes parabolic like this has, it typically ends up to where that parabola began," he said on CNBC's "Futures Now." Boockvar, a CNBC contributor, contends bitcoin is in danger of dropping 90 percent from current levels. He calls it a classic bubble. "I wouldn't be surprised if over the next year it's down to $1,000 to $3,000," he added. That's where bitcoin, the largest cryptocurrency player, was trading less than 12 months ago. Friday afternoon it was trading above $11,000.
Meanwhile, today the International Business Times chronicled the predictions of tech billionaire Mark Cuban. In June of last year as bitcoin was climbing toward the $3,000 threshold, Cuban cautioned potential investors about jumping in on the bandwagon... "[C]rypto is like gold. More religion than asset. Except of course gold makes nice jewelry." He told his followers at the time that he wasn't questioning the value of Bitcoin but was questioning the "valuation" and said , "I think it's in a bubble. I just don't know when or how much it corrects." Cuban suggested that when everyone is "bragging about how easy they are making [money]," that indicates there is a bubble happening...

Still, the Dallas Mavericks owner was open to the idea of using cryptocurrencies as a volatile investment vehicle. "If you're a true adventurer and you really want to throw the Hail Mary, you might take 10 percent and put it in Bitcoin or Ethereum," he said. Cuban also cautioned, "If you do that, you've got to pretend you've already lost your money"... Showing just have far Cuban has come on bitcoin and cryptocurrency, he announced earlier this week that his Dallas Mavericks will accept bitcoin and Ethereum as a method to pay for tickets starting next season. Even if the tech investor doesn't fully believe in cryptocurrency, he's clearly willing to try to profit off it...

Apple said on Wednesday it will invest $350 billion in the U.S. economy over the next five years, touting the creation of 20,000 new jobs and a new campus thanks, in part, to the prospect of tax reform. From a report: The company said it expects tax repatriation payments of about $38 billion, indicating that it will bring a portion of its $250 billion overseas cash back to the U.S. As of November, the company had $268.9 billion in cash, both domestically and overseas. The job creation will focus on direct employment, but also suppliers and its app business, which it had already planned to grow substantially. "We have a deep sense of responsibility to give back to our country and the people who help make our success possible," chief executive Tim Cook said in a statement.

Bitcoin plunged to a six-week low Tuesday after comments from South Korea's finance minister renewed worries about a crackdown in one of the largest markets for digital currency trading. In a radio program interview, South Korean Finance Minister Kim Dong-yeon said that "the shutdown of virtual currency exchanges is still one of the options" the government has. CNBC reports: Bitcoin dropped more than 17 percent to a low of $11,182.71 on Tuesday, falling below $12,000 for the first time since December 5, according to CoinDesk. CoinDesk's bitcoin price index tracks prices from cryptocurrency exchanges Bitstamp, Coinbase, itBit and Bitfinex. As of 12:13 p.m. ET, bitcoin was trading more than 13 percent lower at $11,759.73 a coin, according to CoinDesk. Trading in South Korean won accounted for about 4 percent of bitcoin trading volume, according to CryptoCompare. U.S. dollar-bitcoin trading had the largest share at 40 percent, the website showed. Other major digital currencies including ethereum and ripple also fell significantly. According to CoinMarketCap data, ethereum was trading at $1,051.83, down more than 20 percent in the last 24 hours, before lifting slightly to $1,117.72. Ripple fell almost 27 percent to $1.33 a token before recovering slightly to $1.36.

A Russian military base in Syria was recently attacked -- 20 miles from the frontline. The only video of the attack is from a Facebook group for a nearby town, which identifies the noises as an "anti-aircraft response to a remote-controlled aircraft," while the Russian Ministry of Defence claims at least 13 drones were involved in the attack, displaying pictures of drones with a wingspan around 13 feet (four meters).

Long-time Slashdot reader 0x2A shares a report from a former British Army officer who calls drones "the poor man's Air Force," who writes that the attack shows "a strategic grasp of the use of drones, as well as a high level of planning." The lack of cameras on the drones suggest that they are likely pre-loaded with a flight plan and then flown autonomously to their target, where they dropped their payload en masse on a given GPS coordinate... The lack of any kind of claim, or even rumours from the rebels, indicates that whoever is producing these drone and launching these attacks has a high level of discipline and an understanding of operational and personal security...

Although some regard the threat from commerical off-the-shelf and improvised drones as negligible, they have the power to inflict losses at both a tactical and strategic level... Although the plastic sheeting, tape and simple design may belie the illusion of sophistication, it seems that the use of drones, whether military, commerical off-the-shelf or improvised, is taking another step to becoming the future of conflict.
The article notes there's already been four weaponized drone attacks in Syria over the last two weeks, which according to CNBC may be part of a growing trend. "Experts said swarm-like attacks using weaponized drones is a growing threat and likely to only get worse. They also said the possibility exists of terrorists using these drones in urban areas against civilians."

"97% of all bitcoins are held by 4% of addresses," reports Credit Suisse (in an article cited by Slashdot reader CaptainDork). And elsewhere this week, Warren Buffett told CNBC that speculation in bitcoin and other cryptocurrencies "will have a bad ending," adding that looking out five years he'd gladly bet against all of the cryptocurrencies.

Meanwhile, CNBC senior analyst Ron Insana has his own skepticism: I am predisposed to view them as just speculative tokens in a cryptocurrency bubble that has inflated more quickly than any other in financial market history. Admittedly I'm green with envy for failing to foresee the explosive rally in the price of bitcoin when it was first brought to my attention several years ago. Having said that, there are many things I find quite ironic about how bitcoin and other "cryptos" are described. First, they are largely denominated, or discussed, in U.S. dollar terms... If the dollar is archaic, as the crypto-enthusiasts believe, why not speak only in crypto-terms...?

It's much easier to buy and sell dollars, stocks or commodities than it is to trade bitcoin and its brethren. The conversion of one crypto to another is relatively easy on these embryonic exchanges. But getting your digital wealth converted into cold hard cash is more problematic... And while the growth has been impressive, it remains very difficult to walk into any establishment and exchange a digital token for goods or services.
The article notes that the U.S. dollar still accounts for 65% of all global economic transactions, due to its status as the world's reserve currency, and concludes that "The adoption of cryptocurrencies as a global source of funds has a long way to go before staking a claim to the world's economy."

An anonymous reader quotes a report from CNBC: Major hurricanes and wildfires fueled a record year for costs related to natural disasters in the United States, according to a new report from the National Oceanic and Atmospheric Administration. That report also said 2017 was the third-warmest year in 123 years of record keeping, behind only 2014 and 2012. Natural disasters in the United States cost more than $300 million last year, far surpassing the previous record of $214.8 billion set in 2005, NOAA said Monday. NOAA counted 1 drought event, 2 flooding events, 1 freeze event, 8 severe storm events, 3 tropical cyclone events, and 1 wildfire event during the year that bore losses exceeding $1 billion each. There were also 362 deaths. That would tie with 2011 for the largest number of such billion-dollar disasters, the agency said.

Facebook M, the text-based virtual assistant that used human workers to train an artificial intelligence system, is ending the human-assisted part of the service after two and a half years. From a report: The human-enhanced version of M, which was available through a bot on Facebook Messenger, only ever became available to about 2,000 people living in California. The final day of the will be January 19th, Facebook said, and contractors who worked on it will be offered other jobs at the company. First introduced in August 2015, aspects of the service will live on through M suggestions, which offers fully automated suggestions for payments, making plans, and sending stickers through Messenger. When it launched, Facebook described M as a "beta" and suggested the human-powered assistant would come to more users over time. But it never did. Upon shutting down the human-powered M, Facebook described it as an "experiment."

The Register reports: Nvidia has banned the use of its GeForce and Titan gaming graphics cards in data centers -- forcing organizations to fork out for more expensive gear, like its latest Tesla V100 chips. The chip-design giant updated its GeForce and Titan software licensing in the past few days, adding a new clause that reads: "No Datacenter Deployment. The SOFTWARE is not licensed for datacenter deployment, except that blockchain processing in a datacenter is permitted."
Long-time Slashdot reader Xesdeeni has a few questions: Is this really even legal? First, because it changes use of existing hardware, already purchased, by changing software (with potentially required bug fixes) agreements retroactively. Second, because how can a customer (at least in the U.S.) be told they can't use a product in a particular place, unless it's a genuine safety or security concern (i.e. government regulation)!?
Nvidia expects that "working together with our user base on a case-by-case basis, we will be able to resolve any customer concerns," they told CNBC, adding that "those who don't download new drivers won't be held to the new terms."

An anonymous reader shares a CNBC report: Amazon announced new tools on Friday that will allow gadget-makers to include the smart voice assistant in a whole array of new products. Alexa is Amazon's smart voice assistant and it has slowly made its way from the Amazon Echo into third-party speakers, refrigerators and, soon, even microwaves. Now, with Amazon's Alexa Mobile Accessory Kit, device makers will be able to build Alexa into headphones, smart watches, fitness trackers and more. That means you may soon be able to look down at your wrist and ask Alexa the weather, or to remind you to pick up eggs at the grocery store. CNET reports Kohler, a company that makes plumbing products, wants to bring Alexa to your bathroom as well.

An anonymous reader quotes a report from Gizmodo: CNBC reports that Amazon is in discussions with huge companies that want to promote their goods on Echo devices. Proctor & Gamble as well as Clorox are reportedly in talks for major advertising deals that would allow Alexa to suggest products for you to buy. CNBC uses the example of asking Alexa how to remove a stain, with Alexa in turn recommending a Clorox product. So far it's unclear how Amazon would identify promoted responses from Alexa, if at all. Here's the really wacky thing: Amazon has already been doing this sort of thing to some degree. Currently, paid promotions are built into Alexa responses, but maybe you just haven't noticed it. CNBC uses this example: "There are already some sponsorships on Alexa that aren't tied to a user's history. If a shopper asks Alexa to buy toothpaste, one response is, 'Okay, I can look for a brand, like Colgate. What would you like?'" So it seems like Amazon wants to get you coming and going. Not only does the company want to let you buy stuff with your voice. Jeff Bezos and friends also want to make money by suggesting what to buy and even by pushing those products higher up in the search results so that you're more likely to do it.

An anonymous reader quotes a report from Gizmodo: CNBC reports that Amazon is in discussions with huge companies that want to promote their goods on Echo devices. Proctor & Gamble as well as Clorox are reportedly in talks for major advertising deals that would allow Alexa to suggest products for you to buy. CNBC uses the example of asking Alexa how to remove a stain, with Alexa in turn recommending a Clorox product. So far it's unclear how Amazon would identify promoted responses from Alexa, if at all. Here's the really wacky thing: Amazon has already been doing this sort of thing to some degree. Currently, paid promotions are built into Alexa responses, but maybe you just haven't noticed it. CNBC uses this example: "There are already some sponsorships on Alexa that aren't tied to a user's history. If a shopper asks Alexa to buy toothpaste, one response is, 'Okay, I can look for a brand, like Colgate. What would you like?'" So it seems like Amazon wants to get you coming and going. Not only does the company want to let you buy stuff with your voice. Jeff Bezos and friends also want to make money by suggesting what to buy and even by pushing those products higher up in the search results so that you're more likely to do it.

Germany has barred Amazon from drawing in online shoppers who misspell iconic German sandal maker Birkenstock in their Google searchers. "Amazon reportedly won business for common Birkenstock misspellings by booking variants like 'Brikenstock,' 'Bierkenstock,' and 'Birkenstok' in Google AdWords, so that they produced search results for shoes sold in Amazon.com," reports Quartz. From the report: According to Reuters, Birkenstock turned to the court because it feared shoppers might unwittingly buy shoddy counterfeits, which could damage its brand reputation. "For us, Amazon is complicit," Birkenstock chief Oliver Reichert told German magazine Der Spiegel, according to Reuters. Birkenstock first walked away from Amazon.com in July 2016. Besieged by counterfeits and rogue merchants, the company said it would no longer supply products to Amazon for U.S. customers starting Jan. 1, 2017. "The Amazon marketplace, which operates as an 'open market,' creates an environment where we experience unacceptable business practices which we believe jeopardize our brand," David Kahan, Birkenstock's CEO for the Americas, wrote in a memo at the time.

A year later, Kahan denounced Amazon in a lengthy memo for attempting to get Birkenstock retailers to sell it their inventory, even though the company had explicitly removed its sandals from Amazon.com in the U.S. "I share in no uncertain terms that this is unacceptable and will not be tolerated," Kahan wrote. "[A]ny Authorized retailer who may do this for even a single pair will be closed FOREVER."

Prior to Christmas, AT&T and DirecTV gave layoff notices to a large number of landline, legacy service, and home installers spanning the country. "It is not clear if the firings relate to the pending AT&T and Time Warner acquisition, or how it specifically relates to the announcement that the company was giving $1,000 bonuses to 200,000 employees in commemoration of the tax overhaul signed just before Christmas," reports Apple Insider. Slashdot reader deadwill69 writes: Just more doublespeak after they announced their bonus program to justify the tax cuts. Seems they really didn't mean it after all. "Technology improvements are driving higher efficiencies, and there are some areas where demand for our legacy services continues to decline, and we're adjusting our workforce in some of those areas as we continue to align our workforce with the changing needs of the business," AT&T said in a statement to the Chicago Tribune. "Many of the affected employees have a job offer guarantee that ensures they'll be offered another job with the company, and we'll work to find other jobs for as many of them as possible." Let's hope they keep that promise. On a bright note: their service really couldn't get much worse?

From a report: The computer process that generates each coin is said to be on pace to require more electricity than the United States consumes in a year. This bitcoin "mining" allegedly consumes more power than most countries use each year, and its electricity usage is roughly equivalent to Bulgaria's consumption. But here's another thing you might want to know: All of that analysis is based on a single estimate of bitcoin's power consumption that is highly questionable, according to some long-time energy and IT researchers. Despite their skepticism, this power-consumption estimate from the website Digiconomist has quickly been accepted as gospel by many journalists, research analysts and even billionaire investors. That model is also the basis for forecasts of bitcoin's future energy use that remind some experts of wild projections about internet data traffic in the mid-1990s that contributed back then to companies spending far too much for capacity they would eventually not need. "Doing these wild extrapolations can have real-world consequences," said Jonathan Koomey, a Stanford University lecturer who pioneered studies of electricity usage from IT equipment and helped debunk faulty forecasts in the 1990s. "I would not bet anything on the bitcoin thing driving total electricity demand. It is a tiny, tiny part of all data center electricity use."

Eric Schmidt will be stepping down as the executive chairman of Alphabet's board of directors and transitioning to a technical adviser, the company announced. He will continue to serve on the company's board. CNBC reports: Schmidt first joined Google as CEO in 2001, back when the company only had several hundred employees, and become its executive chairman 10 years later. He maintained that role when Google restructured to become Alphabet in 2015.

"Larry, Sergey, Sundar and I all believe that the time is right in Alphabet's evolution for this transition," Schmidt said in a statement. "The Alphabet structure is working well, and Google and the Other Bets are thriving. In recent years, I've been spending a lot of my time on science and technology issues, and philanthropy, and I plan to expand that work."

Intel CEO Brian Krzanich told employees on Tuesday that the company will take more risks going forward and he said change will be the "new normal." From a report: In an internal memo that was sent to CNBC, Krzanich acknowledged "innovation" inside Intel's client computing business -- its biggest segment -- but said the biggest opportunities are in the company's growth areas like connected devices, artificial intelligence and autonomous driving. "It's almost impossible to perfectly predict the future, but if there's one thing about the future I am 100 percent sure of, it is the role of data," Krzanich wrote. "Anything that produces data, anything that requires a lot of computing, the vision is, we're there." The memo also underscores the dramatic change in the nature of Intel's business as it approaches its 50th anniversary in July 2018. "We're just inches away from being a 50/50 company, meaning that half our revenue comes from the PC and half from new growth markets," Krzanich wrote.