Domain: cnbc.com
Stories and comments across the archive that link to cnbc.com.
Stories · 631
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Ask Slashdot: Is Leasing a Smartphone Better Than Buying One? (cnbc.com)
An anonymous reader writes: The biggest benefit with a lease program is you have the option of upgrading to a newer phone model, usually after just a year. You don't get that option when you buy. But with a lease program, although it may be cheaper, you have to return the phone at the end of the agreement or when you upgrade -- meaning you can't pass it off to your child or sell it. So rather than leasing, buying may be a better option. But a New York Times column makes case for why leasing is the right way to go about it. I wanted to check with Slashdot readers, what do you prefer and why? -
The Next iPhone Is Going To Be Unveiled On Sept. 12, Report Says (cnbc.com)
According to CNBC, Apple will host its big iPhone 8 product launch event on September 12th. From the report: The tech giant is expected to announce a bevy of products, including two new iterative iPhone updates, possibly named the iPhone 7s and iPhone 7s Plus, in addition to a high-end iPhone 8. Apple is also reportedly gearing up to announce a new 4K Apple TV that will support sharper content than current models, and a new Apple Watch. The iPhone 8 will reportedly feature a display that takes up almost the entire front of the device, using new OLED panels that are brighter and more colorful than previous screens. Rumor has it Apple has moved the fingerprint reader to the back of the phone but will also support facial recognition thanks to a new 3-D sensor on the front of the device. Rumors have suggested the most high-end iPhone 8 will start at $1,000. Apple typically sells its new phones within a week or so of the announcement. -
Alaska's Permafrost Is Thawing (cnbc.com)
Henry Fountain reports via The New York Times (Warning: source may be paywalled; alternative source): The Arctic is warming about twice as fast as other parts of the planet, and even here in sub-Arctic Alaska the rate of warming is high. Sea ice and wildlife habitat are disappearing; higher sea levels threaten coastal native villages. But to the scientists from Woods Hole Research Center who have come here to study the effects of climate change, the most urgent is the fate of permafrost, the always-frozen ground that underlies much of the state. Starting just a few feet below the surface and extending tens or even hundreds of feet down, it contains vast amounts of carbon in organic matter -- plants that took carbon dioxide from the atmosphere centuries ago, died and froze before they could decompose. Worldwide, permafrost is thought to contain about twice as much carbon as is currently in the atmosphere. Once this ancient organic material thaws, microbes convert some of it to carbon dioxide and methane, which can flow into the atmosphere and cause even more warming. Scientists have estimated that the process of permafrost thawing could contribute as much as 1.7 degrees Fahrenheit to global warming over the next several centuries, independent of what society does to reduce emissions from burning fossil fuels and other activities. In Alaska, nowhere is permafrost more vulnerable than here, 350 miles south of the Arctic Circle, in a vast, largely treeless landscape formed from sediment brought down by two of the state's biggest rivers, the Yukon and the Kuskokwim. Temperatures three feet down into the frozen ground are less than half a degree below freezing. This area could lose much of its permafrost by midcentury. -
Apple To Build $1.3 Billion Iowa Data Center, Get $208 Million In Incentives (cnbc.com)
CEO Tim Cook said on Thursday that Apple will invest at least $1.3 billion in the first phase of an Iowa data center project. The data center will be built near Waukee, Iowa, creating 50 permanent jobs with more than 550 jobs supported by construction, Apple said in a statement. CNBC reports: "Apple is going to continue to invest in that future, for Waukee, for Iowa and for America," Cook said. It will get $208 million in state and local tax benefits, according to The Associated Press. "Apple has been searching for the perfect location and I am so proud to say that they found it right here in Iowa," Iowa Gov. Kim Reynolds said, noting the state's educated workforce, stable climate and low-cost, renewable energy. "Iowa workers give companies a leg up at the start.... it is just a blessing to be in the heartland of America." The 400,000-square-foot data center will "strengthen the relationships" in Iowa, where 30 Apple suppliers, including 3M and Qorvo, already operate, Cook said. -
Apple To Build $1.3 Billion Iowa Data Center, Get $208 Million In Incentives (cnbc.com)
CEO Tim Cook said on Thursday that Apple will invest at least $1.3 billion in the first phase of an Iowa data center project. The data center will be built near Waukee, Iowa, creating 50 permanent jobs with more than 550 jobs supported by construction, Apple said in a statement. CNBC reports: "Apple is going to continue to invest in that future, for Waukee, for Iowa and for America," Cook said. It will get $208 million in state and local tax benefits, according to The Associated Press. "Apple has been searching for the perfect location and I am so proud to say that they found it right here in Iowa," Iowa Gov. Kim Reynolds said, noting the state's educated workforce, stable climate and low-cost, renewable energy. "Iowa workers give companies a leg up at the start.... it is just a blessing to be in the heartland of America." The 400,000-square-foot data center will "strengthen the relationships" in Iowa, where 30 Apple suppliers, including 3M and Qorvo, already operate, Cook said. -
Many People Still Don't Want To Ride in Self-driving Cars, Survey Finds (cnbc.com)
A lot of people may still have serious reservations about riding in fully autonomous vehicles, a new survey from Gartner indicates. From a report: The Gartner Consumer Trends in Automotive people surveyed about 1,500 people in the United States and Germany from April through May, and found that 55 percent of the people they spoke to would not ride in a fully autonomous car. However, just over 70 percent would ride in a car that was partially autonomous. Gartner defined partially autonomous vehicles as those that could drive autonomously, but allow a driver to retake control of the car if needed. Advocates of autonomous driving have said the technology will actually make driving safer, since statistics indicate human behavior is the major cause of most auto crashes. But many consumers familiar with the tendency of other electronic devices to sometimes malfunction or perform erratically still seem to have trouble accepting the idea of being held in a vehicle that could fail. -
FTC Approves Amazon's Acquisition of Whole Foods (cnbc.com)
An anonymous reader quotes a report from CNBC: The Federal Trade Commission will allow Amazon to continue its $13.7 billion deal to acquire Whole Foods. The FTC conducted an investigation to gauge whether the merger would decrease competition under federal regulations, Bruce Hoffman, acting director of the Federal Trade Commission's Bureau of Competition, said in a statement Wednesday. It ultimately decided not to pursue the matter further. Whole Foods shareholders approved Amazon's acquisition deal hours before the FTC's announcement.The two companies expect to finalize the agreement during the second half of the year. However, source familiar with the matter told CNBC the deal could happen sooner rather than later. -
Samsung Says It's Working on an Amazon Echo Competitor (cnbc.com)
An anonymous reader writes: Samsung is working on a smart speaker that will be launched "soon", the company's mobile chief told CNBC, which will pit it against the likes of Amazon, Apple, and Google, in the hotly-contested space. DJ Koh, the president of Samsung's mobile division, said a smart speaker was on the way. "Maybe soon we will announce it. I am already working on it," Koh told CNBC in an interview ahead of the Note 8 smartphone launch which took place on Wednesday. And it appears the company could be moving fast on the product. "As I mentioned I wanted to provide a fruitful user experience at home with Samsung devices, and I want to be moving quite heavily on it," Koh said. -
IBM To Trace Food Contamination With Blockchain (cnbc.com)
Thelasko shares a report from CNBC: IBM has been joined by a group of global food giants including the likes of Nestle, Unilever and Walmart in an effort to reduce food contamination by using blockchain. The corporation announced Tuesday that it would enable global food businesses to use its blockchain network to trace the source of contaminated produce. IBM said that the problem of consumer health suffering at the hands of toxic food could be solved using its distributed ledger technology, which maintains a digital record of transactions rather than a physical one. It would enable food suppliers to source information about the origin, condition and movement of food, and to trace contaminated produce in mere seconds. -
Trump Adviser Steve Bannon is Leaving White House Post (nytimes.com)
President Donald Trump's chief strategist Steve Bannon left his position on Friday (alternative source) as the newly minted chief of staff John Kelly sought to bring order to a White House riven by infighting and power struggles, more than a dozen news outlets report. Maggie Haberman, reporting for The New York Times: The president and senior White House officials were debating when and how to dismiss Mr. Bannon. The two administration officials cautioned that Mr. Trump is known to be averse to confrontation within his inner circle, and could decide to keep on Mr. Bannon for some time. As of Friday morning, the two men were still discussing Mr. Bannon's future, the officials said. A person close to Mr. Bannon insisted the parting of ways was his idea, and that he had submitted his resignation to the president on Aug. 7, to be announced at the start of this week, but the move was delayed after the racial unrest in Charlottesville, Va. -
Australia Joins China and Japan in Trying To Regulate Digital Currency Exchanges (cnbc.com)
Following moves by China and Japan to regulate digital currencies, Australia is attempting to crackdown on money laundering and terrorism financing with plans to regulate bitcoin exchanges. From a report: "The threat of serious financial crime is constantly evolving, as new technologies emerge and criminals seek to nefariously exploit them. These measures ensure there is nowhere for criminals to hide," said Australia's Minister for Justice Michael Keenan in a press release. The Australian government proposed a set of reforms on Thursday which will close a gap in regulation and bring digital currency exchange providers under the remit of the Australian Transactions and Reporting Analysis Centre. These exchanges serve as marketplaces where traders can buy and sell digital currencies, such as bitcoin, using fiat currencies, such as the dollar. The reform bill is intended to strengthen the Anti-Money Laundering and Counter-Terrorism Financing Act and increase the powers of AUSTRAC. -
Shipping Company Maersk Says June Cyberattack Could Cost It Up To $300 Million (cnbc.com)
An anonymous reader shares an article: Container shipping company A.P. Moller Maersk on Tuesday said it expects that computer issues triggered by the NotPetya cyberattack will cost the company as much as $300 million in lost revenue. "In the last week of the [second] quarter we were hit by a cyber-attack, which mainly impacted Maersk Line, APM Terminals and Damco," Maersk CEO Soren Skou said in a statement. "Business volumes were negatively affected for a couple of weeks in July and as a consequence, our Q3 results will be impacted. We expect that the cyber-attack will impact results negatively by USD 200-300m." Maersk Line was able to take bookings from existing customers two days after the attack, and things gradually got back to normal over the following week, the company said. It said it did not lose third-party data as a result of the attack. -
NASA is Sending Bacteria Into the Sky on Balloons During the Eclipse (cnbc.com)
An anonymous reader shares a report: As the Moon blocks the Sun's light completely next week in a total solar eclipse, more than 50 high-altitude balloons in over 20 locations across the US will soar up to 100,000 feet in the sky. On board will be Raspberry Pi cameras, weather sensors, and modems to stream live eclipse footage. They'll also have metal tags coated with very hardy bacteria, because NASA wants to know whether they will survive on Mars. Every time we send a rover to the Red Planet, our own microorganisms latch on to them and hitch a ride across space. What happens to these bacteria once they're on Mars? Do they mutate? Do they die? Or can they continue living undisturbed, colonizing worlds other than our own? To answer these questions we need to run experiments here on Earth, and the eclipse on August 21st provides the perfect opportunity. The balloons are being sent up by teams of high school and college students from across the US as part of the Eclipse Ballooning Project, led by Angela Des Jardins of Montana State University. When Jim Greene, the director of planetary science at NASA, first heard that over 50 balloons were being flown to the stratosphere to live stream the eclipse, he couldn't believe his ears. "I said, oh my god, that's like being on Mars!" Greene tells The Verge. NASA couldn't pass on the opportunity. -
Google Pays Apple $3 Billion Per Year To Remain On the iPhone, Analyst Says (cnbc.com)
In a note to investors on Monday, Bernstein analyst A.M. Sacconaghi Jr. said Google is paying Apple billions of dollars per year to remain the default search engine on iPhones and iPads. "The firm believes that Google will pay Apple about $3 billion this year, up from $1 billion just three years ago, and that Google's licensing fees make up a large bulk of Apple's services business," reports CNBC. From the report: "Court documents indicate that Google paid Apple $1 billion in 2014, and we estimate that total Google payments to Apple in FY 17 may approach $3 billion," Bernstein analyst A.M. Sacconaghi Jr. said. "Given that Google payments are nearly all profit for Apple, Google alone may account for 5% of Apple's total operating profits this year, and may account for 25% of total company OP growth over the last two years." -
Military Tech Could Be Amazon's Secret To Cheap, Non-Refrigerated Food (cnbc.com)
According to CNBC, Amazon is exploring a technology first developed for the U.S. military to produce tasty prepared meals that do not need refrigeration, as it looks for new ways to muscle into the $700 billion U.S. grocery business. From the report: The world's biggest online retailer has discussed selling ready-to-eat dishes such as beef stew and a vegetable frittata as soon as next year, officials at the startup firm marketing the technology told Reuters. The dishes would be easy to stockpile and ship because they do not require refrigeration and could be offered quite cheaply compared with take-out from a restaurant. Delivering meals would build on the company's AmazonFresh service, which has been delivering groceries to customers' homes for a decade. It could also complement Amazon's planned $13.7 billion purchase of Whole Foods Market and Amazon's checkout-free convenience store, which is in the test stage.
The pioneering food-prep tech, known as microwave assisted thermal sterilization, or MATS, was developed by researchers at Washington State University, and is being brought to market by a venture-backed startup called 915 Labs, based in Denver. The method involves placing sealed packages of food in pressurized water and heating them with microwaves for several minutes, according to 915 Labs. Unlike traditional processing methods, where packages are in pressure cookers for up to an hour until both bacteria and nutrients are largely gone, the dishes retain their natural flavor and texture, the company said. They also can sit on a shelf for a year, which would make them suitable for Amazon's storage and delivery business model. -
Apple Owns $52.6 Billion In US Treasury Securities, More Than Mexico, Turkey or Norway (cnbc.com)
randomErr shares a report from CNBC: If Apple were a foreign country, CEO Tim Cook might have considerable political clout in the United States. That's because the tech giant owns $52.6 billion in U.S. Treasury securities, which would rank it among the top 25 major foreign holders, according to estimates from the Treasury Department and Apple's SEC filings released Wednesday. Apple's stake in U.S. government securities as of June, up from $41.7 billion as of last September, puts it ahead of Israel, Mexico and the Netherlands, according to Treasury data released last month, which tracks up to May of this year. With $20.1 billion in short-term Treasury securities and $31.35 billion in long-term marketable Treasury securities, Apple still falls far below countries like China and Japan, which hold over a trillion dollars in U.S. government debt each -- which has caused considerable hand-wringing in Washington. Still, Apple is way above other big companies like Amazon, which owns less than $5 billion in U.S. government or agency securities combined, according to regulatory filings. -
'Pharma Bro' Martin Shkreli Found Guilty of 3 of 8 Charges, Including Securities Fraud (cnbc.com)
Former pharmaceutical chief executive Martin Shkreli has been found guilty of securities fraud. A New York City jury returned the verdict after five days of deliberations. From a report: Shkreli, 34, was convicted of some of the eight criminal counts that he had faced, which had included securities fraud and conspiracy to commit both securities fraud and wire fraud, after a more-than-month-long trial in Brooklyn, New York, federal court. Of the eight counts, Shkreli was found guilty of three. Those included conspiracy to commit securities fraud, and two counts of securities fraud. He was found not guilty of five counts, including those related to wire fraud. He faces up to 20 years in prison when he is sentenced. -
Google in Talks To Transform Its Instant News Articles Into a Snapchat Rival (cnbc.com)
Google is talking to several publishers about a technology that's similar to Snapchat, according to a Friday report in The Wall Street Journal. From the report: The technology, dubbed "Stamp," could be revealed as soon as next week and contain content from Vox Media, CNN, Mic, the Washington Post and Time, the Journal reported. Stamp is a word play on Google's faster-loading "AMP" articles (the news stories that appear at the top of the page after a Google search), and the "st" in "stories." Snapchat's disappearing publisher content is in a section of the app called "Discover." The ephemeral feature of Snapchat is something Facebook has also mimicked with a feature called "Stories." The report comes on the heels of another report on Business Insider earlier this week which claimed that Google has been trying to acquire Snapchat for sometime. The company, according to a report, offered Snapchat $30 billion. -
Amazon's New Refunds Policy Will 'Crush' Small Businesses, Outraged Sellers Say (cnbc.com)
Amazon sellers are up in arms over a new returns policy that will make it easier for consumers to send back items at the merchant's expense. From a report: Marketplace sellers who ship products from their home, garage or warehouse -- rather than using Amazon's facilities -- were told this week by email that starting Oct. 2, items they sell will be "automatically authorized" for return. That means a buyer will no longer need to contact the seller before sending an item back, and the merchant won't have the opportunity to communicate with the customer. If a consumer is returning an electronic device because it's difficult to use, for example, the seller won't be able to offer help before being forced to pay a refund. "Customers will be able to print a prepaid return shipping label via the Online Return Center instantly," the email said. Additionally, Amazon said that it's introducing "returnless refunds," a feature that the company said is "highly requested by sellers." The change enables sellers to offer a refund without taking back an item that may be expensive to ship and hard to resell. -
NASA Is Looking For Someone To Protect Earth From Aliens -- And the Job Pays a Six-Figure Salary (cnbc.com)
An anonymous reader shares a report: Ever fancied yourself as a bit of a hero? How about the protector of mankind? Well now NASA is looking for just that -- and it'll pay a six-figure salary for the honor. The U.S. space agency is currently in search not of life on other planets but of a "Planetary Protection Officer," who can protect Earth and its inhabitants from alien invasion. The job, which is offering a salary of between $124,406 and $187,000 per year, involves preventing alien microbes from contaminating the Earth, as well as ensuring human space explorers do not damage other planets, moons and objects in space. "Planetary protection is concerned with the avoidance of organic-constituent and biological contamination in human and robotic space exploration," NASA wrote in the job posting on its website late last month. Other duties include advising Safety Mission Assurance officials on planetary protection matters and ensuring compliance by robotic and human spaceflight missions. -
Top Established and Emerging Tech Companies Prefer To Hire Highly Educated Candidates, Not Dropouts (cnbc.com)
An anonymous reader shares a report:It may seem like Silicon Valley is populated entirely with celebrity college dropouts, but in fact, they're the exception to the rule. Going to college pays off, and to land a job at one of the most coveted tech employers, you'll need to stay in school. Data analysis site Paysa looked at over 8,200 job posting and over 70,000 resumes at tech "titans" (companies worth at least $100 billion with an IPO more than 10 years ago) and "tech disruptors" (companies worth at least $10 billion with an IPO within the last 10 years) and found that employees at these companies are highly educated, not dropouts. A disproportionate number of employees at these sought-after companies actually have advanced degrees, and one company stood out as employing the highest percentage of workers with Ph.D.s -- Google. A whopping 16 percent of positions at Google require a doctorate degree. Less than 2 percent of Americans have earned a doctoral degree and an even smaller percentage have studied topics that are relevant to Google's work. -
Facebook Employees Living in a Garage Hope Zuckerberg Will Learn What's Happening in His Own City (cnbc.com)
At the beginning of the year, Facebook CEO Mark Zuckerberg set a goal to visit every state in the U.S. so he could learn more about the millions of people who use the social network every day. But two of his employees tell The Guardian that they wonder when the billionaire is going to get to know his own community. From a report: The employees, a married couple named Nicole and Victor, are both contract workers in the cafeteria at Facebook's Menlo Park, Calif. headquarters. And they wish they, and the problems closer to home, could also get a share of Zuckerberg's attention. "He should learn what's happening in this city," Nicole tells The Guardian. The couple says they can barely make ends meet. Together with their three children, Nicole and Victor share a two-car garage adjacent to Victor's parents' home. They borrow money from friends and family to stay afloat and occasionally resort to payday loans. Although they earn too much to qualify for state benefits, they don't earn enough to afford Facebook's health care plan. -
Apple-Supplier Foxconn To Announce New Factory in Wisconsin in Much-needed Win For Trump and Scott Walker (washingtonpost.com)
An anonymous reader shares a Washington Post report: Foxconn, one of the world's largest electronics manufacturers, will unveil plans Wednesday evening to build a new factory in southeastern Wisconsin (alternative source), delivering a much-needed win for President Trump and Gov. Scott Walker, according to four officials with knowledge of the announcement. The facility will make flat-screen displays and will be located in Southeast Wisconsin within House Speaker Paul Ryan's congressional district. It is not clear how many jobs would be created. Shortly after Trump was elected, Foxconn's chairman Terry Gou said his company would invest at least $7 billion in the United States and create between 30,000 and 50,000 jobs. If it follows through with that commitment, Foxconn would become a major employer on par with Chrysler. In April, Gou spent more than two hours at the White House. -
Trump Says Apple's Tim Cook Has Promised Him He'd Build Three US Factories: 'Big, Big, Big' (cnbc.com)
President Donald Trump said Tuesday that Apple CEO Tim Cook has committed to build three big manufacturing plants in the U.S., a surprising statement that would help fulfill his administration's economic goal of reviving American manufacturing. From a report: Apple CEO Tim Cook called Trump to share that the iPhone-maker would do more manufacturing domestically, Trump told WSJ. "I spoke to [Mr. Cook], he's promised me three big plants -- big, big, big," Trump was quoted as saying. Apple has already said that it would start a $1 billion fund to promote advanced manufacturing jobs in the United States. With its wide network of developers, Apple has already created two million jobs in the United States, according to Cook. -
Microsoft Confirms It's Not Killing Off Paint After Outpouring of Support (cnbc.com)
Microsoft said late Monday that it will not be killing off its Paint app in the next update of Windows 10. It will be made available via the Windows Store for free and will not be completely removed. CNBC reports: The U.S. technology company recently released a list which labeled Paint "deprecated," meaning it was considering removing the app when the Windows 10 Fall Creators Update gets released later this year. Fans on social media decried the potential death of Paint, which has been in existence for 32 years. But Microsoft released a blog post shortly after to clarify that Paint would not be completely removed, but instead made available via the Windows Store for free. "Today, we've seen an incredible outpouring of support and nostalgia around MS Paint. If there's anything we learned, it's that after 32 years, MS Paint has a lot of fans. It's been amazing to see so much love for our trusty old app," Megan Saunders, a general manager at Microsoft, wrote in a blog post on Monday. "Amidst today's commentary around MS Paint we wanted to take this opportunity to set the record straight, clear up some confusion and share some good news: MS Paint is here to stay, it will just have a new home soon, in the Windows Store where it will be available for free." -
Are Nondisparagement Agreements Silencing Employee Complaints? (cnbc.com)
cdreimer writes, "According to a report in the New York Times, 'nondisparagement agreements are increasingly included in employment contracts and legal settlements' to hide abuses that would otherwise be made public." The Times reports: Employment lawyers say nondisparagement agreements have helped enable a culture of secrecy. In particular, the tech start-up world has been roiled by accounts of workplace sexual harassment, and nondisparagement clauses have played a significant role in keeping those accusations secret... Nondisparagement clauses are not limited to legal settlements. They are increasingly found in standard employment contracts in many industries, sometimes in a simple offer letter that helps to create a blanket of silence around a company. Their use has become particularly widespread in tech employment contracts, from venture investment firms and start-ups to the biggest companies in Silicon Valley, including Google... Employees increasingly "have to give up their constitutional right to speak freely about their experiences if they want to be part of the work force," said Nancy E. Smith, a partner at the law firm Smith Mullin.
Three different tech industry employees told the Times "they are not allowed to acknowledge that the agreements even exist." And Google "declined to comment" for the article. -
Sean Spicer Resigns as White House Press Secretary After Objecting To Scaramucci Hire (cnbc.com)
CNBC reports: White House press secretary Sean Spicer abruptly resigned Friday after opposing President Donald Trump's appointment of Anthony Scaramucci as communications director. The president asked Spicer to stay in his role, but Spicer said appointing Scaramucci was a major mistake, The New York Times, citing a person with direct knowledge of the conversation. NBC News confirmed the resignation with two people familiar with the matter. Spicer tweeted later that he will continue to serve through August. White House chief of staff Reince Priebus was said to have advocated naming Spicer as press secretary. The two worked at the Republican National Committee before joining the administration. Following Spicer's resignation, Priebus said he supports Scaramucci "100 percent," according to news reports. -
Intel Has Axed the Group Working on Fitness Trackers and Health Wearables (cnbc.com)
Intel has axed the division that worked on health wearables, including fitness trackers, CNBC is reporting citing a source. From the report: The company has been slowly de-emphasizing its own line of wearables for the past several years, and has not mentioned wearables on its earnings calls since 2014. In November, TechCrunch reported that the company was planning to take a step back from the business after its acquisition of the Basis fitness watch didn't pan out as expected. Intel denied at the time that it was stepping back. But a source told CNBC that the chip maker in fact let go about 80 percent of the Basis group in November. Many of the people were given the opportunity to relocate to other parts of the business. About two weeks ago, Intel completely eliminated the group, this person said. The company's New Technologies Group, which looks at cutting-edge business areas, is now focusing on augmented reality, another source told CNBC. -
Google Glass Makes an Official Return (cnbc.com)
Alphabet's Google has officially launched the "Enterprise Edition" of its smart glasses hardware, which is now available to a network of Google partners. From a report: The company's developer partners range from logistics and manufacturing to patient care. These apps have long-been involved with Glass through the business-focused "Glass at Work" program. In a blog post Tuesday, Google Glass project leader Jay Kothari said partners such as GE Aviation, AGCO, DHL, Dignity Health, NSF International, Sutter Health, Boeing and Volkswagen have been using Glass over the past several years, and make up just a sampling of 50 companies using the wearable. Wired said several of these companies found the original Google Glass to be very useful in factories and other enterprise environments. Google discovered this and began work on a product built by a team dedicated to building a new version of Glass for the enterprise. According to Kothari, the Google Glass Enterprise Edition glasses are lighter and more "comfortable for long term wear." They also offer more power and longer battery life and, offer support for folks with prescription lenses, Wired said. The glasses, too, are stronger and do double duty as safety glasses. Further reading: Google Glass 2.0 Is a Startling Second Act. -
Visa Considers Extending 'War on Cash' Business Incentives Outside US (cnbc.com)
Visa is hoping to extend its "war on cash" agenda to businesses in the U.K. after announcing new incentives for U.S. businesses to go cashless. From a report: The payment technology company revealed on Wednesday that it was launching a "cashless challenge" which would see 50 U.S. businesses receive $10,000 each to help them convert to a cashless payment model. It is now aiming to roll the model out to the U.K., though is yet to set a timeframe for the launch, a Visa spokesperson confirmed to CNBC Friday. Under the scheme, businesses in the U.S. are invited to submit plans outlining what going cashless might mean for them, their employees and their customers. Recipients of the award will then be required to use the lump sum to upgrade their point-of-sale systems so they are completely cashless. Any remaining money can be put towards marketing, the company said. "We're declaring a war on cash," Andy Gerlt, a spokesman for Visa, said in the announcement Wednesday. -
Insider Trader Arrested After He Googled 'Insider Trading,' Authorities Allege
Spy Handler writes: Fei Yan, a research scientist at the Massachusetts Institute of Technology and 31-year-old Chinese citizen, was arrested by federal authorities on Wednesday on insider trading charges. Mr. Yan used Google to search for phrases such as "how sec detect unusual trade" and "insider trading with international account." He also allegedly read an article titled "Want to Commit Insider Trading? Here's How Not to Do It," according to the U.S. attorney prosecuting the case. Further reading: Associated Press, CNBC, USA Today -
PC Shipments Hit the Lowest Level In a Decade (cnbc.com)
PC shipments are at the lowest levels since 2007. From a report: Gartner said this week that the PC market declined 4.3 percent during the second quarter. The research company said that shipments were at the "lowest quarter volume since 2007," noting the market dropped for the 11th quarter in a row. The report is in stark contrast to another from IDC in April which said that the PC market grew for the first time in five years. Gartner said HP has the largest global market share with 20.8 percent of the market. HP is trailed by Lenovo which has a 19.9 percent share, with shipments down a substantial 8.4 percent since last year. Dell, Apple and Asus finish out the top five players. In the U.S., Gartner suggests Apple's shipments were down 9.6 percent from last year. The research firm didn't give an explanation for why that might have occurred, though Apple was late to refresh its computers with the latest Intel processors. Upgraded Macs just hit the market last month. -
Apple Sets Up China Data Center To Meet New Cybersecurity Rules (cnbc.com)
Apple on Wednesday said it is setting up its first data center in China, in partnership with a local internet services company, to comply with tougher cybersecurity laws introduced last month. From a report: The U.S. technology company said it will build the center in the southern province of Guizhou with data management firm Guizhou-Cloud Big Data Industry. An Apple spokesman in Shanghai told Reuters the center is part of a planned $1 billion investment into the province. "The addition of this data center will allow us to improve the speed and reliability of our products and services while also complying with newly passed regulations," Apple said in a statement to Reuters. -
Google Has Been Paying Academic Researchers Who Write Favorable Papers: Report (cnbc.com)
Google has paid researchers and academics who have worked on projects that support the company's positions in battles with regulators, a report in The Wall Street Journal (paywalled) said on Tuesday. From a report: Google's practice might not sound all that different from lobbying, but The Wall Street Journal revealed that some of the professors, including a Paul Heald from the University of Illinois, didn't disclose Google's payments. Heald is one of "more than a dozen" such professors who accepted money from Google, according to The Wall Street Journal. Google has reason to try to get as many folks on its side as it can. The company has faced almost constant scrutiny for its business practices, most recently a record antitrust fine of $2.7 billion in the European Union. Tens of thousands of dollars to professors here and there could have helped it avoid that fine, and others. -
Newspapers To Bid For Antitrust Exemption To Tackle Google and Facebook (cnbc.com)
An anonymous reader quotes a report from CNBC: The news industry is to band together to seek a limited antitrust exemption from Congress in an effort to fend off growing competition from Facebook and Google. Traditional competitors including The Washington Post, The Wall Street Journal and The New York Times, as well as a host of smaller print and online publications, will temporarily set aside their differences this week and appeal to federal lawmakers to let them negotiate collectively with the technology giants to safeguard the industry. Antitrust laws traditionally prevent companies from forming such an alliance which could see them becoming over-dominant in a particular sector. However, the media companies will be hoping that Congress will look favorably on a temporary exemption, particularly giving the recent clampdown on the technology industry which saw Google slapped with a $2.7 billion antitrust fine. The campaign is led by newspaper industry trade group News Media Alliance and it is intended to help the industry collaborate in order to regain market share from Facebook and Google, which have been swooping in on newspapers' distribution and advertising revenues. The two companies currently command 70 percent of the $73 billion digital advertising industry in the U.S., according to new research from the Pew Research Centre. Meanwhile, U.S. newspaper ad revenue in 2016 was $18 billion from $50 billion a decade ago. -
Former Oculus Exec Predicts Telepathy Within 10 Years (cnet.com)
Mary Lou Jepsen is a former MIT professor with 100 patents and a former engineering executive at Facebook, Oculus, Intel, and Google[x] (now called X) -- and "she hopes to make communicating telepathically happen relatively soon." An anonymous reader quotes CNET: Last year Jepsen left her job heading up display technology for the Oculus virtual reality arm of Facebook to develop new imaging technologies to help cure diseases. Shortly thereafter she founded Openwater, which is developing a device that puts the capabilities of a huge MRI machine into a lightweight wearable form. According to the startup's website, "Openwater is creating a device that can enable us to see inside our brains or bodies in great detail. With this comes the promise of new abilities to diagnose and treat disease and well beyond -- communicating with thought alone."
This week Jepsen went further and suggested a timeframe for such capabilities becoming reality. "I don't think this is going to take decades," she told CNBC. "I think we're talking about less than a decade, probably eight years until telepathy"... Jepsen, who has also spent time at Google X, MIT and Intel, says the basic idea is to shrink down the huge MRI machines found in medical hospitals into flexible LCDs that can be embedded in a ski hat and use infrared light to see what's going on in your brain. "Literally a thinking cap," Jepsen explains... The idea is that communicating by thought alone could be much faster and even allow us to become more competitive with the artificial intelligence that is supposedly coming for everyone's jobs very soon.
Jepsen tells CNBC, "If I threw [you] into an M.R.I. machine right now... I can tell you what words you're about to say, what images are in your head. I can tell you what music you're thinking of. That's today, and I'm talking about just shrinking that down." -
Qualcomm Seeks To Ban Imports And Sales of Apple iPhones in New Lawsuit (cnbc.com)
Chipmaker Qualcomm is asking U.S. trade regulators to ban iPhone imports, according to a new lawsuit. From a report: Apple has allegedly infringed on six of Qualcomm's patents, including technology that improves iPhone battery life, according to Qualcomm. Now Qualcomm wants Apple to pay damages. "Apple continues to use Qualcomm's technology while refusing to pay for it," Don Rosenberg, executive vice president and general counsel of Qualcomm, said in a statement. Qualcomm ultimately wants regulators to investigate which phones use cellular processors from Qualcomm's competitors, and halt sales of iPhones that violate the patents. Qualcomm said it has filed complaints in the U.S. District Court for the Southern District of California and with the United States International Trade Commission. It's not immediately clear how many iPhones that would affect. -
Microsoft Plans Up To 3,000 Job Cuts In a Sales Staff Overhaul To Fuel Cloud Growth (cnbc.com)
Microsoft announced a major reorganization on Wednesday that will include thousands of layoffs, largely in sales. From a report: The job cuts amount to less that 10 percent of the company's total sales force, and about 75 percent of them will be outside the U.S., the company said. Reports from last week suggested this was going to happen, and that Microsoft was going to specifically focus on how it sells its cloud services product, Azure. Microsoft's cloud business has been booming over recent quarters -- Microsoft noted Azure sales growth of 93 percent last quarter. While Amazon has become a bigger competitor in the space, Microsoft's restructuring is to pivot to software as a service, platform as a service and infrastructure. -
Mark Zuckerberg Doubles Down On Universal Basic Income, Calls It a 'Bipartisan Issue' (cnbc.com)
Mark Zuckerberg praised the Alaska Permanent Fund and used it as another platform to lobby for universal basic income, as he did during his commencement address to Harvard in May. The Alaska Permanent Fund was established in 1976 as the Alaska pipeline construction neared completion. According to CNBC, the "goal was to share the oil riches with future generations." From the report: Zuckerberg says the state's cash handout program "provides some good lessons for the rest of the country." The dividend averages $1000 (or more) per person. "That can be especially meaningful if your family has five or six people," says Zuckerberg in a post he wrote about the payment. "This is a novel approach to basic income in a few ways. First, it's funded by natural resources rather than raising taxes. Second, it comes from conservative principles of smaller government, rather than progressive principles of a larger safety net," says Zuckerberg. "This shows basic income is a bipartisan idea." Fundamentally, Zuckerberg says people think and work differently when they have their basic needs met. "Seeing how Alaska put this dividend in place reminded me of a lesson I learned early at Facebook: organizations think profoundly differently when they're profitable than when they're in debt. When you're losing money, your mentality is largely about survival," says Zuckerberg. "But when you're profitable, you're confident about your future and you look for opportunities to invest and grow further. Alaska's economy has historically created this winning mentality, which has led to this basic income. That may be a lesson for the rest of the country as well." -
Samsung Plans To Open $380 Million Home Appliance Plant In US, Creating Almost 1,000 Jobs (cnbc.com)
Samsung Electronics has agreed to open a $380 million home appliance manufacturing plant in Newberry County, South Carolina. The new plant is expected to generate 954 local jobs by 2020. CNBC reports: The South Korean firm said this year it was in talks to build a home appliances plant in the United States amid worries about protectionist policies under U.S. President Donald Trump put pressure on global companies to generate jobs in the country. "With this investment, Samsung is reaffirming its commitment to expanding its U.S. operations and deepening our connection to the American consumers, engineers and innovators," Samsung Electronics America President and CEO Tim Baxter said. -
NVIDIA To Launch Graphics Cards Specifically Designed For Digital Currency Mining (cnbc.com)
Digital currency mining is in high demand, causing GPU prices to skyrocket. Nvidia is planning to capitalize on this trend by releasing graphics cards specifically designed for cryptocurrency. From a product listing on ASUS' website: "ASUS Mining P106 is designed for coin mining with high-efficiency components -- delivering maximum hash-rate production at minimum cost. ASUS Mining P106 enhances the megahash rate by up to 36% compared cards in the same segment that are not tailored for mining. The new card is also engineered to be seriously durable, enabling 24/7 operation for uninterrupted coin production." The ASUS Mining P106 uses an Nvidia chip, according to the specifications page on the website. CNBC reports: Nvidia, AMD and ASUS have not officially announced the digital currency mining cards, according to their website press pages. It is not certain when the cards will be available for sale. Nvidia is likely making the cards designed for this use so that the surging digital currency demand doesn't affect its ability to serve the lucrative PC gaming market. -
YouTube Claims 1.5 Billion Monthly Users (cnbc.com)
An anonymous reader shares a report: Google's YouTube unit says it now reaches 1.5 billion viewers every month -- and its users watch more than an hour of mobile videos per day -- as it expands its video programming to sell more digital ads. YouTube CEO Susan Wojcicki also wrote that YouTube Red, the company's foray into original videos, has launched 37 series that have generated "nearly a quarter billion views." YouTube Red has 12 new projects in the works, she said. -
McDonald's Hits All-Time High As Wall Street Cheers Replacement of Cashiers With Kiosks (cnbc.com)
McDonald's is expected to increase its sales via new digital ordering kiosks that will replace cashiers in 2,500 restaurants. As a result, the company's shares hit an all-time high, rallying 26 percent this year through Monday. CNBC reports: Andrew Charles from Cowen cited plans for the restaurant chain to roll out mobile ordering across 14,000 U.S. locations by the end of 2017. The technology upgrades, part of what McDonald's calls "Experience of the Future," includes digital ordering kiosks that will be offered in 2,500 restaurants by the end of the year and table delivery. "MCD is cultivating a digital platform through mobile ordering and Experience of the Future (EOTF), an in-store technological overhaul most conspicuous through kiosk ordering and table delivery," Charles wrote in a note to clients Tuesday. "Our analysis suggests efforts should bear fruit in 2018 with a combined 130 bps [basis points] contribution to U.S. comps [comparable sales]." He raised his 2018 U.S. same store sales growth estimate for the fast-food chain to 3 percent from 2 percent. -
Jack Ma: In 30 Years People Will Work Four Hours a Day and Maybe Four Days a Week (cnbc.com)
There could be benefits from artificial intelligence, self-made billionaire, Alibaba chairman Jack Ma said, as people are freed to work less and travel more. From a report: "I think in the next 30 years, people only work four hours a day and maybe four days a week," Ma said. "My grandfather worked 16 hours a day in the farmland and [thought he was] very busy. We work eight hours, five days a week and think we are very busy." He added that if people today are able to visit 30 places, in three decades it will be 300 places. Still, Ma said the rich and poor -- the workers and the bosses -- will be increasingly defined by data and automation unless governments show more willingness to make "hard choices." "The first technology revolution caused World War I," he said, "The second technology revolution caused World War II. This is the third technology revolution." -
Tim Cook Told Trump Tech Employees Are 'Nervous' About Immigration (cnbc.com)
Behind the scenes at the White House tech CEO meeting, Apple CEO Tim Cook told President Donald Trump that technology employees are "nervous" about the administration's approach to immigration, CNBC reports, citing a source familiar with the exchange. From the report: The source said the president told the CEOs on Monday that the Senate's health-care bill needs "more heart." That would be a second known instance of the president criticizing the GOP plan in private meetings. To that, the source said, Cook replied that the immigration approach by the administration also "needs more heart." Cook cited the Deferred Action for Childhood Arrivals program, which is under review by the Trump administration. He also said people in tech and their co-workers were nervous about their status, and added that it "would be great" if the president could "send them a signal." Here's what executives of Amazon, Google, and Microsoft said. -
Amazon Says It Won't Replace Whole Foods Cashiers With Computers... Yet (cnbc.com)
An anonymous reader shares a report: Amazon said it has no current plans to automate the jobs of cashiers in Whole Foods stores after it finishes acquiring the grocery chain. It also isn't planning any layoffs, according to a spokesperson. There is some speculation, however, that Amazon may change its plans and use new technology inside of Whole Foods locations. Commenting on Amazon's announcement from earlier today, LinkedIn CEO Jeff Weiner said, "Only one company on earth can buy grocery chain, be rumored to buy enterprise software company & in both cases be lauded for strategic vision." -
'Quit Your Day Job Is Garbage Advice' (cnbc.com)
An anonymous reader shares an article: While Daymond John was building his clothing line FUBU, which would evolve into a $6 billion brand, the entrepreneur was living on the tips he made waiting tables at Red Lobster. "I was working at Red Lobster for five years as a waiter as I was running this business," the Shark Tank star said at the iConic conference in New York City on Wednesday. At first "it was 40 hours at Red Lobster and six hours at FUBU. Then it was 30 hours at Red Lobster and 20 hours at FUBU, because money started to come in." Even after FUBU started to take off, John continued waiting tables. He wouldn't do things any differently if he could, he told the audience on Wednesday: "Don't quit your day job. [...] Let's say I was making an average of $40,000 a year," he continued. "After five years, that's $200,000 of salary. I would have had to sell $1 million more worth of FUBU product to bring home the $200,000, but I didn't have to do that. I just had to sacrifice time." -
Facebook Is Planning To Move WhatsApp Off IBM's Public Cloud (cnbc.com)
Jordan Novet, reporting for CNBC: Facebook's WhatsApp messaging service, which is used by 1.2 billion people across the globe, is planning to move off of IBM's cloud and into Facebook's own data centers, according to a person familiar with the matter. The WhatsApp move, which could begin later this year, would result in IBM losing one of its top five public cloud customers, the source said. IBM's public cloud business lags behind Amazon Web Services (AWS), which is on top with 33 percent of the market in April, as well as Microsoft's Azure cloud, according to Synergy Research. -
Hyperloop One Reveals Its Plans For Connecting Europe (engadget.com)
Hyperloop One has revealed its plans for connecting Europe via its Hyperloop transportation system that can move passengers/cargo at airlines speeds for a fraction of the cost of air travel. The company is currently considering nine potential routes in Europe, "running from a 90km hop to connect Estonia and Finland, through to a 1,991km pan-German route," reports Engadget. "The UK [...] gets three proposes routes: one to connect its Northern Cities, one to connect the North and South, and one to connect Scotland with Wales." From the report: Several of the routes, including ones between Estonia and Finland, Corsica to Sardinia and Spain -- Morocco, all cross bodies of water. The company has, on several occasions, spoke of its love of tunnels, and plans to use them extensively in construction. Although rather than using tunneling machines, which can be slow, submerged box tunnels or archimedes bridges may be cheaper and faster to build. CNBC notes that the proposals for Europe connect more than 75 million people in 44 cities, spanning 5,000 kilometers (3,100 miles). -
More Than 20 Employees Fired at Uber in Sexual Harassment Investigation (cnbc.com)
More than 20 employees have been fired from Uber as part of an ongoing sexual harassment investigation, according to Bloomberg. From a report: In an explosive blog post earlier this year, former Uber engineer Susan Fowler alleged the company failed to act on sexual harassment and gender discrimination complaints. CEO Travis Kalanick called for an urgent investigation into the claims, led by former U.S. Attorney General Eric Holder. That investigation, with Holder at the helm, has given its own recommendations to Uber's board, according to Bloomberg. But Uber's 12,000 employees have been given an assessment of a separate investigation, led by an attorney in at Perkins Coie LLP, according to Bloomberg, who cite an anonymous source. Perkins Coie examined 215 claims, Bloomberg said.