Slashdot Mirror

Silicon Valley investors are increasingly looking at health space, but they are mostly eyeing for opportunities on the fringes of the traditional health care system to avoid long and complicated regulatory cycles, an analysis on CNBC shows. As a result of this, these start-ups will not help low-income and chronically ill patients who need innovation most. From the article: Founders often talk about about how challenging it can be to break into the multi-trillion dollar medical sector. Health care startups face regulatory hurdles, long sales cycles and a high burden of proof -- and that means it can take more than a decade to make a return. As a result, many venture-backed entrepreneurs are looking instead at opportunities on the fringes of the health care system, such as cash-only health services that don't require insurance or tests and apps that aren't regulated by the U.S. Food and Drug Administration. For tech investors, these opportunities hold the chance of an outsized return in five years or less. That often valuations on par with consumer Internet start-ups. [...] Many entrepreneurs acknowledge this, but justify their approach by promising to focus on more at-risk groups once they've nailed the product.

Police should be allowed to unmask anonymous callers who have made serious threats over the phone, the Federal Communications Commission has proposed. From a report: The proposal would allow law enforcement, and potentially the person who's been called, to learn the phone number of an anonymous caller if they receive a "serious and imminent" threat that poses "substantial risk to property, life, safety, or health." Specifics are still up in the air. The FCC is asking (PDF), for instance, whether unveiled caller ID information should only be provided to law enforcement officials investigating a threat, to ensure that this exemption isn't abused.

An anonymous reader shares an article: Hillary Clinton slammed the DNC's 2016 campaign data operation Wednesday, saying she had "nothing" to work from once she won the nomination. She lamented that Donald Trump was able to walk into a well-funded and thoroughly-tested data operation, while she was forced to build hers largely from scratch. Axios conducted over two dozen interviews with experts associated with the Trump and Clinton data and advertising operations earlier this year, and while many sources agreed with this sentiment off the record, no campaign or DNC staffers used language as strong as Clinton did Wednesday to publicly to condemn the DNC's data enterprise. Further reading: "I take responsibility for every decision I made, but that's not why I lost," says Clinton.

An anonymous reader shares an article: ESPN's problem isn't competition over content: They didn't position themselves for a future where cord cutting was a reality, according to former ESPN personality Bill Simmons. "They didn't see a lot of this coming," said Simmons. "They didn't see cord cutting coming. They weren't ready for it. A lot of decisions were made based on subs staying at a certain level. They had to realize they were a technology company. The ones winning are now Facebook, Twitter, Amazon, Hulu. ESPN should have been in that mix, but they're in Bristol. They should have had a place in Silicon Valley. That was their biggest mistake." ESPN is far from over, Simmons points out. Though it may make less money in the future, it has such strong cable deals, he said. "Everybody in here was paying $7 for ESPN whether they watched or not," he said. Simmons left ESPN in May 2015 after a public breakup, and signed a deal for an HBO series called "Any Given Wednesday" shortly after. The HBO show was cancelled in November 2016. Simmons also launched a new website called The Ringer in 2016. Also read Bloomberg's profile of executives at the company: ESPN Has Seen the Future of TV and They're Not Really Into It.

An anonymous reader quotes CNBC: British Airways canceled all flights from London's Heathrow and Gatwick airports on Saturday as a global IT failure upended the travel plans of tens of thousands of people on a busy U.K. holiday weekend. The airline said it was suffering a "major IT systems failure" around the world. Chief executive Alex Cruz said "we believe the root cause was a power-supply issue and we have no evidence of any cyberattack." He said the crash had affected "all of our check-in and operational systems." BA operates hundreds of flights from the two London airports on a typical day -- and both are major hubs for worldwide travel. Several hours after problems began cropping up Saturday morning, BA suspended flights up to 6 p.m. because the two airports had become severely congested. The airline later scrapped flights from Heathrow and Gatwick for the rest of the day.

An anonymous reader writes: Millennials aren't buying homes in the same numbers as previous and older generations, but it's not because they don't want to. The vast majority of millennials do indeed aim to buy someday, or would even like to now if they could. Unfortunately, the numbers don't look good. New data from Apartment List shows that, although 80 percent of millennials would like to purchase real estate, very few are in a good position to buy, largely because they have nothing saved. According to the report, '68 percent of millennials said they have saved less than $1,000 for a down payment. Almost half, or 44 percent, of millennials said they have not saved anything for a down payment.'

An anonymous reader writes: In another intraday jump of more than $200, bitcoin surged to a record Thursday on strong Asian demand overnight. Bitcoin jumped more than 10 percent to an all-time high of $2,752.07, more than twice its April 30 price of $1,347.96 according to CoinDesk. The digital currency last traded near $2,726. At Thursday's record, Bitcoin has now gained more than 45 percent since last Thursday and more than 180 percent for the year so far. "There is no question that we are in the middle of a price frenzy," said Brian Kelly of BKCM, in a note to clients Thursday. "There will be a correction and it could be severe, but it's unclear if that correction will start from current prices of $2700 or from some place much higher."

An anonymous reader quotes a report from CNBC: LeEco, a Chinese company that made a big splash in the U.S. last fall, is preparing for a round of layoffs that may happen as soon as Tuesday, according to sources. Two people told CNBC the company is planning massive layoffs in the U.S., with one source saying that only 60 employees will be left after the cut. The company's current headcount in the U.S. is over 500, according to this person. CNBC obtained an email calling employees together for a Town Hall Meeting that will occur in three of the company's U.S. locations, including San Diego, Santa Monica and San Jose, at 10 a.m. PST. The email asks employees to attend unless they're off for the day, in which case they're asked to call in. It's not clear what will be announced at the meeting, but a second source told CNBC that layoffs will be announced tomorrow. Under the restructuring, LeEco will refocus on encouraging Chinese-American consumers to watch LeEco's Chinese content library, one person said.

The full impact of self-driving cars on society is several decades away -- but when it hits, the job losses will be substantial for American truck drivers, according to a new report from Goldman Sachs. From a report: When autonomous vehicle saturation peaks, U.S. drivers could see job losses at a rate of 25,000 a month, or 300,000 a year, according to a report from Goldman Sachs Economics Research. Truck drivers, more so than bus or taxi drivers, will see the bulk of that job loss, according to the report. That makes sense, given today's employment: In 2014, there were 4 million driver jobs in the U.S., 3.1 million of which were truck drivers, Goldman said. That represents 2 percent of total employment.

An anonymous reader writes: Monday marks the seven-year anniversary of Bitcoin Pizza Day -- the moment a programmer named Laszlo Hanyecz spent 10,000 bitcoin on two Papa John's pizzas. More important than the episode being widely recognized as the first transaction using the cryptocurrency is what it tells us about the bitcoin rally that saw it break through the $2,100 mark on Monday. Bitcoin was trading as high as $2,185.89 in the early hours of Monday morning, hitting a fresh record high, after first powering through the $2,000 barrier over the weekend, according to CoinDesk data. Throughout the weekend, the value of cryptocurrency was looming around $2,000.

Cisco said this week that it will cut an additional 1,100 employees as part of an expanded restructuring plan. From a report: The cuts come on top of the 5,500 job cuts, or 7 percent of its workforce, announced in August 2016, the enterprise technology company said. Cisco said it plans to recognize hundreds of millions of pretax charges related to the restructuring, which will end around the first quarter of the 2018 fiscal year.

An anonymous reader shares a CNBC report: Chinese state media on Wednesday criticized the United States for hindering efforts to stop global cyber threats in the wake of the WannaCry ransomware attack that has infected more than 300,000 computers worldwide in recent days. The U.S. National Security Agency (NSA) should shoulder some blame for the attack, which targets vulnerabilities in Microsoft systems and has infected some 30,000 Chinese organisations as of Saturday, the China Daily said. "Concerted efforts to tackle cyber crimes have been hindered by the actions of the United States," it said, adding that Washington had "no credible evidence" to support bans on Chinese tech firms in the United States following the attack. The malware attack, which began on Friday and has been linked by some researchers to previous hits by a North Korean-run hacking operation, leveraged a tool built by the NSA that leaked online in April, Microsoft says.

A hacker group "aligned with Vietnamese government interests" carried out attacks on corporate companies, journalists and overseas governments over the past three years, according to a report from cyber security firm FireEye. FireEye, which works with large companies to secure their assets from cyber threats, said it has tracked at least 10 separate attacks from the group -- referred to as OceanLotus, or APT32 -- since 2014. Targets included members of the media, and private and public sector organizations from across Germany, China, the U.S., the Philippines, the UK and Vietnam itself, according to the report. From an article: APT refers to advanced persistent threat -- one that involves a continuous hacking process using sophisticated techniques that exploit vulnerabilities within a network. Nick Carr, a senior manager at FireEye's Mandiant team that responds to threats and incidents, told CNBC what set APT32 apart from other groups was the kind of information the hackers were looking for within a company's breached network. "Several cases here, it appears APT32 was conducting intrusions to investigate the victims' operations and assess their adherence to regulations," Carr said. "That's where it starts to be really unusual and is a significant departure from the wide-scale intellectual property theft and espionage that you see from a Chinese group, or political espionage or information operations from a Russian group." To be clear, the attacks carried out by APT32 are unrelated to the WannaCry ransomware that has hit 200,000 victims in at least 150 countries since Friday.

Elon Musk has posted a new video and several pictures of equipment that will be used to start digging tunnels beneath Los Angeles. There's a picture of boring machine segments that are being lowered into the start tunnel at SpaceX, a front view of the tunnel, an inside view of the tunnel, and a picture of the front of the boring machine that will cut through underground rock. Additionally, the video shows a version of the "skate" that will cary cars through the tunnel at a speed of 125 mph. CNBC reports: The project is one of Musk's latest ventures, which was inspired by a desire to alleviate "out of control" traffic in Los Angeles. He aims to first dig a tunnel from SpaceX headquarters in Hawthorne, California, to the nearby Los Angeles airport. Musk frequently flies from Los Angeles to the San Francisco area, where he runs Tesla. Eventually, he envisions a deep, multilayered network of underground tunnels spanning the city.

An anonymous reader writes: When it comes to apps they're using these days, teens and millennials say Snapchat is king -- no surprise there. But second place? It's not Instagram: It's Amazon. This is according to a survey -- The 2017 Love List Brand Affinity Index, run by Conde Nast and Goldman Sachs -- that asked 2,345 U.S. millennial and Gen Z shoppers about their fashion, retail and consumer preferences. The survey skewed towards younger consumers. One question asked which apps they were using currently that they weren't using a few months ago: Snapchat and Amazon came in first and second. (Other popular apps -- Instagram, Twitter and Pinterest -- came in third, fourth and fifth respectively.) "Users are looking for efficiency, speed and convenience, and Amazon hits all those buckets," said Conde Nast chief marketing officer Pam Drucker Mann told CNBC. On a side note, it appears people generally don't have many gripes with Amazon. Early results of our poll from Wednesday suggests Amazon is the last company (of the five tech giants) whose services people are keen on ditching. Also, regardless of how some of us feel about Snapchat, the company seems to be a hit among teenagers.

An anonymous reader writes: Silicon Valley might be hunting unicorns in the wrong places. According to one top federal health official, entrepreneurs and investors are overlooking one massive population: Low-income Americans who qualify for Medicaid. That's a big mistake, given that new funds are available for those that are bringing IT innovation to the space, said Medicaid chief medical officer Andrey Ostrovsky. "My gut is that it's a big opportunity with $500 billion in federal spend every year in a system that hasn't evolved technologically much since 1965," Ostrovsky said. "There are unicorns sitting in there," he added.

Giant companies like Apple and Alphabet's Google "can and do abuse their privileged positions," according to a letter sent to the European Commission by music streaming service Spotify, rival firm Deezer and Rocket Internet, among others. From a report: "Our collective experience is that where online platforms have a strong incentive to turn into gatekeepers because of their dual role, instead of maximizing consumer welfare," the CEOs wrote. In one part of the letter, the CEOs said examples of platforms turning into gatekeepers include them "restricting access to data or interaction with consumers, biased ranking and search results to lack of clarity, imbalanced terms and conditions and preference of their own vertically integrated services."

"France has voted for continuity," candidate Marine Le Pen said in the wake of her defeat in France's presidential election, conceding that Emmanuel Macron had a decisive lead. Reuters has ongoing coverage of Le Pen's concession phone call and reactions from world leaders. "France Rejects Far Right," read a headline at CNN, touting their own live updates and early results showing Macron with a 65.9% to 34.1% lead, "on course for a decisive win." Macron is schedule to speak at the Louvre museum (where the grounds were "briefly evacuated" this morning after discovery of a suspicious bag.) Quartz is calling 39-year-old Macron "the second Generation X president of a major world power" (after Canada's Justin Trudeau).

The election was closely watched after a 9-gigabyte trove of emails from Macron's campaign were leaked online. CNBC reports that "One of the most talked about emails makes reference to binge-watching Dr. Who and masturbating to the sound of running water. It sounds generally incoherent. It could be false, or maybe the person wrote it after a few too many." The New Yorker traces the leak to a right-leaning Canadian site, whose editor says he found the documents on 4chan. But Reuters is crediting WikiLeaks with providing "the largest boost of attention" to the leaked documents, according to an analysis pubished by the Digital Forensic Research Lab of the Atlantic Council, a D.C.-based think tank on international affairs. WikiLeaks tweeted about the leak 15 times, bragging to Reuters that "we were hours ahead of all other major outlets." On Friday WikiLeaks also disputed the Macron campaign's claim that the leak mixed real documents with fake ones. "We have not yet discovered fakes in #MacronLeaks & we are very skeptical that the Macron campaign is faster than us."

Saturday WikiLeaks noted that several of the Office files "have Cyrillic meta data. Unclear if by design, incompetence, or Slavic employee." And Saturday afternoon they added "name of employee for Russian govt security contractor Evrika appears 9 times in metadata for 'xls_cendric.rar' leak archive."

Meanwhile, on the International Space Station, French astronaut Thomas Pesquet voted from space. Feel free to discuss the election's results in the comments.

"France has voted for continuity," candidate Marine Le Pen said in the wake of her defeat in France's presidential election, conceding that Emmanuel Macron had a decisive lead. Reuters has ongoing coverage of Le Pen's concession phone call and reactions from world leaders. "France Rejects Far Right," read a headline at CNN, touting their own live updates and early results showing Macron with a 65.9% to 34.1% lead, "on course for a decisive win." Macron is schedule to speak at the Louvre museum (where the grounds were "briefly evacuated" this morning after discovery of a suspicious bag.) Quartz is calling 39-year-old Macron "the second Generation X president of a major world power" (after Canada's Justin Trudeau).

The election was closely watched after a 9-gigabyte trove of emails from Macron's campaign were leaked online. CNBC reports that "One of the most talked about emails makes reference to binge-watching Dr. Who and masturbating to the sound of running water. It sounds generally incoherent. It could be false, or maybe the person wrote it after a few too many." The New Yorker traces the leak to a right-leaning Canadian site, whose editor says he found the documents on 4chan. But Reuters is crediting WikiLeaks with providing "the largest boost of attention" to the leaked documents, according to an analysis pubished by the Digital Forensic Research Lab of the Atlantic Council, a D.C.-based think tank on international affairs. WikiLeaks tweeted about the leak 15 times, bragging to Reuters that "we were hours ahead of all other major outlets." On Friday WikiLeaks also disputed the Macron campaign's claim that the leak mixed real documents with fake ones. "We have not yet discovered fakes in #MacronLeaks & we are very skeptical that the Macron campaign is faster than us."

Saturday WikiLeaks noted that several of the Office files "have Cyrillic meta data. Unclear if by design, incompetence, or Slavic employee." And Saturday afternoon they added "name of employee for Russian govt security contractor Evrika appears 9 times in metadata for 'xls_cendric.rar' leak archive."

Meanwhile, on the International Space Station, French astronaut Thomas Pesquet voted from space. Feel free to discuss the election's results in the comments.

An anonymous reader quotes a report from CNBC: A large trove of emails from the campaign of French presidential candidate Emmanuel Macron was posted online late on Friday, a little more than a day before voters go to the polls to choose the country's next president in a run-off against far-right rival Marine Le Pen. Some nine gigabytes of data were posted by a user called EMLEAKS to Pastebin, a document-sharing site that allows anonymous posting. It was not immediately clear who was responsible for posting the data or whether the emails were genuine. In a statement, Macron's political movement En Marche! (Onwards!) confirmed that it had been hacked. "The En Marche! Movement has been the victim of a massive and co-ordinated hack this evening which has given rise to the diffusion on social media of various internal information," the statement said. In its statement on Friday, En Marche! said that the documents released online only showed the normal functioning of a presidential campaign, but that authentic documents had been mixed on social media with fake ones to sow "doubt and misinformation." "The seriousness of this event is certain and we shall not tolerate that the vital interests of democracy be put at risk," it added.

Elon Musk's SpaceX has laid out a plan to create a network of internet-providing satellites around Earth. The company hopes to start launching satellites into space in 2019, and will continue to send them in phases until 2024, when the network is expected to reach capacity. From a report:On Wednesday, Patricia Cooper, SpaceX's vice president of satellite government affairs, said later this year, the company will start testing the satellites themselves, launch one prototype before the end of the year and another during the "early months" of 2018. Following that, SpaceX will begin its satellite launch campaign in 2019. "The remaining satellites in the constellation will be launched in phases through 2024," Cooper said before the Senate's Committee on Commerce, Science and Technology. [...] SpaceX argues that the U.S. lags behind other developed nations in broadband speed and price competitiveness, while many rural areas are not serviced by traditional internet providers. The company's satellites will provide a "mesh network" in space that will be able to deliver high broadband speeds without the need for cables.

Apple announced today plans to create a $1 billion fund to promote creation of advanced manufacturing jobs in the U.S. Cook told CNBC in an interview that Apple will announce the first investment later in May. CNBC reports: "By doing that, we can be the ripple in the pond. Because if we can create many manufacturing jobs around, those manufacturing jobs create more jobs around them because you have a service industry that builds up around them," the CEO said. Apple has already created two million jobs in the United States, and Cook showed no signs of shrinking the tech giant's reach. "A lot of people ask me, 'Do you think it's a company's job to create jobs?' and my response is [that] a company should have values because a company is a collection of people. And people should have values, so by extension, a company should. And one of the things you do is give back," Cook said. "So how do you give back? We give back through our work in the environment, in running the company on renewable energy. We give back in job creation."

According to CNBC, "Two Tesla executives have been named as directors of a company called Redwood Materials, which appears to focus on technology to recycle and reuse manufacturing materials." From the report: Jeffrey Straubel, chief technical officer, and Andrew Stevenson, head of special projects at the auto firm, were on a U.S. Securities and Exchange Commission (SEC) filing highlighting a $2 million fundraiser for the Redwood Materials. The document was first uncovered by data platform CB Insights on Monday. Straubel and Stevenson are named as executive officers and directors of this company. Stevenson is also down as chief financial officer. Redwood Materials describes itself as making "advanced technology and process development for materials recycling, remanufacturing, and reuse," on its website. The SEC filing shows that the company was set up in 2017 and is based in Redwood City, California. It has raised $2 million from just one investor but the name of the backer is not disclosed. The extent of Tesla's involvement with Redwood Materials is unclear, but if it were a partner, customer or even investor, it would certainly make sense. The company, which is run by billionaire Elon Musk, has been focused on ways to make its supply chain more efficient in order to scale and meet demand. Using a company like Redwood Materials would allow Tesla to own more of the supply chain, potentially helping to boost production, and in a more sustainable way, given that it would be recycling materials to be manufactured into different parts.

An anonymous reader quotes CNBC: Robots are likely to replace 50 percent of all jobs in the next decade, according to Kai-Fu Lee, founder of venture capital firm Sinovation Ventures and a top voice on tech in China. Artificial intelligence is the wave of the future, the influential technologist told CNBC, calling it the "singular thing that will be larger than all of human tech revolutions added together, including electricity, [the] industrial revolution, internet, mobile internet -- because AI is pervasive"...

For example, he said, companies in which his firm has invested can accomplish feats such as recognizing 3 million faces at the same time, or dispersing loans in eight seconds. "These are things that are superhuman, and we think this will be in every industry, will probably replace 50% of human jobs, create a huge amount of wealth for mankind and wipe out poverty," Lee said, later adding that he expected that displacement to occur in the next 10 years.

Vindu Goel, reporting for the NYTimes: Yahoo shareholders will vote June 8 on whether to sell the company's internet businesses to Verizon Communications for $4.48 billion. A yes vote, which is widely expected, would end Marissa Mayer's largely unsuccessful five-year effort to restore the internet pioneer to greatness. But Ms. Mayer, the company's chief executive, will be well compensated for her failure. Her Yahoo stock, stock options and restricted stock units are worth a total of $186 million, based on Monday's stock price of $48.15, according to data filed on Monday in the documents sent to shareholders about the Verizon deal. That compensation, which will be fully vested at the time of the shareholder vote, does not include her salary and bonuses over the past five years, or the value of other stock that Ms. Mayer has already sold. All told, her time at Yahoo will have netted her well over $200 million, according to calculations based on company filings.

Self-made billionaire, Alibaba chairman Jack Ma warned on Monday that society could see decades of pain thanks to disruption caused by the internet and new technologies to different areas of the economy. From a report: In a speech at a China Entrepreneur Club event, the billionaire urged governments to bring in education reform and outlined how humans need to work with machines. "In the coming 30 years, the world's pain will be much more than happiness, because there are many more problems that we have come across," Ma said in Chinese, speaking about potential job disruptions caused by technology. [...] Ma also spoke about the rise of robots and artificial intelligence (AI) and said that this technology will be needed to process the large amount of data being generated today, something that a human brain can't do. But machines shouldn't replace what humans can do, Ma said, but instead the technology community needs to look at making machines do what humans cannot. This would make the machine a "human partner" rather than an opponent.

theodp quotes today's New York Times profile of Uber CEO Travis Kalanick: For months, Mr. Kalanick had pulled a fast one on Apple by directing his employees to help camouflage the ride-hailing app from Apple's engineers. The reason? So Apple would not find out that Uber had secretly been tracking iPhones even after its app had been deleted from the devices, violating Apple's privacy guidelines.
Uber told TechCrunch this afternoon that it still uses a form of this device fingerprinting, saying they need a way to identify those devices which committed fraud in the past -- especially in China, where Uber drivers used stolen iPhones to request dozens of rides from themselves to increase their pay rate. It's been modified to comply with Apple's rules, and "We absolutely do not track individual users or their location if they've deleted the app..." an Uber spokesperson said. "Being able to recognize known bad actors when they try to get back onto our network is an important security measure for both Uber and our users."

The article offers a longer biography of Kalanick, who dropped out of UCLA in 1998 to start a peer-to-peer music-sharing service named Scour. (The service eventually declared bankruptcy after being sued for $250 billion for alleged copyright infringement.) Desperately trying to save his next company, Kalanick "took the tax dollars from employee paychecks -- which are supposed to be withheld and sent to the Internal Revenue Service," according to the Times, "and reinvested the money into the start-up, even as friends and advisers warned him the action was potentially illegal." The money eventually reached the IRS as he "staved off bankruptcy for a second time by raising another round of funding." But the article ultimately argues that Kalanick's drive to win in life "has led to a pattern of risk-taking that has put his ride-hailing company on the brink of implosion."

It's no secret that Amazon and Oracle don't see eye to eye. But things are far from improving, it appears. From a report: On Wednesday, two months after Oracle co-CEO Mark Hurd called Amazon's cloud infrastructure "old" and claimed his company was gaining share, Amazon Web Services chief Andy Jassy slammed Oracle for locking customers into painfully long and expensive contracts. "People are very sensitive about being locked in given the experience they've had the last 10 to 15 years," Jassy said on Wednesday on stage at Amazon's AWS Summit in San Francisco. "When you look at cloud, it's nothing like being locked into Oracle." Jassy was addressing a cultural shift in the way technology is bought and sold. No longer does the process involve the purchase of heavy proprietary software with multi-year contracts that include annual maintenance fees. Now, Jassy says, it's about choice and ease of use, including letting clients turn things off if they're not working.

schwit1 quotes a report from CNBC: Apple has hired a small team of biomedical engineers to work at a nondescript office in Palo Alto, miles from corporate headquarters. They are part of a super secret initiative, initially envisioned by the late Apple co-founder Steve Jobs, to develop sensors that can non-invasively and continuously monitor blood sugar levels to better treat diabetes, according to three people familiar with the matter. Such a breakthrough would be a "holy grail" for life sciences. Many life sciences companies have tried and failed, as it's highly challenging to track glucose levels accurately without piercing the skin. The initiative is far enough along that Apple has been conducting feasibility trials at clinical sites across the Bay Area and has hired consultants to help it figure out the regulatory pathways, the people said.

schwit1 adds: "From a business aspect, the most interesting part of this venture might be how Apple combines its penchant for secrecy with maneuvering through those regulatory pathways. It's one thing to introduce another new bit of consumer electronics kit. It's an entirely other thing to get a medical device past the FDA."

Facebook's top Snapchat clone Instagram Stories has hit 200 million daily active users, surpassing the last count of 161 million that Snapchat announced alongside its IPO. Instagram Stories launched in August, hit 100 million dailies in October, and 150 million in January, so it's hardly slowing as it grows. Meanwhile, Instagram is getting faster at copying even Snapchat's most technologically advanced features with a series of global iOS and Android updates. A report adds: Along with this announcement, Facebook is introducing new 'sticker' tools for Instagram, to make it a more appealing alternative to Snapchat, and more engaging for its users. Now Instagram's users can turn their selfies into stickers, which they'll be able to easily share, or pin within a video. The app is also launching new Geostickers for Chicago, London, Madrid and Tokyo to apply over photos. The stickers have been designed by artists from the respective cities, enabling users to tap to learn more about the art.

City of Portland and Multnomah County officials have announced this week that they are committed to 100 percent clean energy by the year 2050. "Getting our community to 100 percent renewable energy is a big goal," Ted Wheeler, City of Portland Mayor, said in a statement. "And while it is absolutely ambitious, it is a goal that we share with Nike, Hewlett Packard, Microsoft, Google, GM, Coca Cola, Johnson & Johnson, and Walmart. We have a responsibility to lead this effort in Oregon." CNBC reports: Multnomah County is the most populous county in Oregon. Its Chair, Deborah Kafoury, welcomed the news. "This is a pledge to our children's future,'' she said. "100 percent renewables means a future with cleaner air, a stable climate and more jobs and economic opportunity.'' Portland is among a number of U.S. cities looking to embrace renewables. Wheeler noted that tackling climate change would need to be a collaborative effort. "We don't succeed addressing climate change by government action alone,'' he said. "We need our whole community: government, businesses, organizations and households to work together to make a just transition to a 100 percent renewable future.''

BlackBerry, the former smartphone maker, was awarded $814.9m in an arbitration decision against Qualcomm over a dispute relating to royalty payments. The two companies entered into arbitration talks in February about Qualcomm's "agreement to cap certain royalties applied to payments made by BlackBerry under a license agreement between the parties," BlackBerry said in a statement. From a report: BlackBerry argued that it was overpaying Qualcomm in royalty payments. Last April, BlackBerry and Qualcomm entered discussions to settle the dispute and analyze an existing "agreement to cap certain royalties applied to payments made by BlackBerry under a license agreement between the two parties." Despite the dispute, BlackBerry CEO John Chen said Wednesday that the companies "continue to be valued technology partners." He said BlackBerry will continue to collaborate with Qualcomm, specifically for security in the auto industry and in application-specific integrated circuits.

As we noted recently, Facebook continues to duplicate every core feature that rival app Snapchat adds to its service. A new report, which cites multiple Facebook employees, sheds more light into how Facebook operates. The company, the report claims, created a "Teens Team" to figure out how to grab teenagers back from Snapchat, and has been up front about its tactics within the company: The internal mantra among some groups is "don't be too proud to copy." Matt Rosoff, an editor at CNBC says this whole tactics by Facebook is nothing new in the tech industry. From the article: Flash back to the early 2000s, when Microsoft was the undisputed king of the tech industry, with two unassailable monopolies -- operating systems and productivity apps for personal computers. It faced a lot of competitors, but the one that scared it the most was Google, which was in a completely different business. Google didn't start by creating alternatives to Windows and Office, although it did so later. Instead, it created a suite of online services -- first search, followed by email and maps -- that threatened the entire purpose of a personal computer. Why rely on Microsoft software running locally when you could get so much done with web apps? Microsoft's response? Trying to build the exact same service that made Google famous -- a search engine, first known as MSN Search, later rebranded to Bing. Eleven years later, Bing is a small minority player in search, with less than 10 percent market share on the desktop and less than 1 percent in mobile.

Comcast announced Xfinity Mobile on Thursday, a new wireless service that will be available for its nearly 25 million broadband customers. From a report on CNBC: The company is hoping the new service will lock in existing customers as well as attract new ones, going after the 130 million mobile phone lines in places where Comcast offers services. The company says the service is "designed for the way people use their phones today, with Internet and data at the center of the experience." Comcast is not taking a Wi-Fi-first approach, but is pairing 4G LTE via Verizon's network along with Comcast's 16 million Wi-Fi hotspots, to which the service will automatically connect.

Amazon's explanation last week that it was closing Quidsi because the unit was unprofitable didn't sound much like Jeff Bezos. The Amazon founder is famous for operating retail businesses at such slim margins that rivals can't compete. Quidsi employees had another reason to be surprised. From a report: As recently as late 2016, at Quidsi's quarterly all-hands meeting in Jersey City, NJ, executives from Amazon headquarters in Seattle spoke to the unit's 250-plus workers and affirmed the parent company's commitment to Quidsi's business, according to multiple people who were in attendance. One of the executives to present was John Boumphrey, Amazon's vice president who oversees baby products, and the direct boss of Quidsi CEO Emilie Arel Scott, said the sources, who asked not to be named because the meeting was confidential. Yet last Wednesday, with the first quarter coming to a close, employees were informed that Amazon was shutting Quidsi down and laying off hundreds of workers, ostensibly because the division was unable to make a profit. The diapers, toiletries, beauty products and pet care items sold by the various Quidsi brands would all be available on Amazon.com, the company said. [...] In the fourth quarter of 2015, Amazon started redirecting inventory from Quidsi's three fulfillment centers -- in Nevada, Kansas and Pennsylvania -- to Amazon's own massive network of warehouses, sources said. That process continued throughout 2016 and is still underway, two people told us. Quidsi's facilities were running out of capacity.

Drones are stirring up public annoyance in the U.K. as the number of complaints to police are said to have soared twelvefold over the past two years -- including allegations of snooping neighbors, burglary "scoping" exercises, prison smuggling and near-misses with aircraft. From a report: Last year incidents rose to 3,456 (about 10 a day), almost tripling the 2015 figure of 1,237. In 2014, the number of incidents was only 283, indicating that the commercial success of the devices has brought with it a growing public nuisance. The findings were a result of a freedom of information request submitted by the Press Association to show the number of incidents logged by police around the country between 2014 and 2016. Their timely release follows several reports of near-misses with passenger planes and drones, and the arrest of Daniel Kelly, 27, last year, who became the first person in the U.K. to be jailed for smuggling items into prisons. But the actual total of cases is thought to be much higher, as not all police forces were able to submit data on the drone cases.

Samsung on Wednesday unveiled the Galaxy S8, its latest flagship smartphone boasting a new voice assistant and larger display as the technology titan looks to steal a march on Apple and regain ground after the embarrassing Note 7 saga. The phone comes in two models with different screen sizes -- the 5.8-inch Galaxy S8 and 6.2-inch Galaxy S8 Plus. From a report: Some of the key features of the device include a so-called "infinity display", giving the device a bezel-less curved edge and a 12 megapixel back camera. [...] Samsung also revealed Bixby, a smart voice assistant to rival Apple's Siri. It will be able to answer questions you ask, but Samsung highlighted how it's different. One use case involved taking a picture of a monument and Bixby being able to tell you information about this as well as recommendations of restaurants nearby. The display has a resolution of 2960 x 1440. The Galaxy S8 (both variants) comes powered by Qualcomm Snapdragon 835 octa-core SoC (in international markets, Exynos octa-core). Other features include 12MP rear camera, 8MP front-facing camera, 3,000 mAh battery (3,500 mAh battery on Plus model), USB-C charging port, 3.5mm headphone jack, IP68 water and dust resistance capability, support for wireless charging, Bluetooth 5.0, and support for LTE Cat 16. It runs Android 7.0. Prices are yet to be announced.

From a report on CNBC: Despite legacy media's anxieties about cord-cutting, data suggest that the phenomenon isn't nearly as significant as cable providers make it out to be. In its 11th annual "Digital Democracy Survey," Deloitte found that the percentage of American households that subscribe to paid television services has remained relatively stable since 2012, even as adoption of streaming services has accelerated. In its survey of 2,131 consumers, Deloitte said two-thirds of respondents reported they have kept their TV subscriptions because they're bundled with their internet plan. Kevin Westcott, vice chairman and U.S. media and entertainment leader at Deloitte, told CNBC that bundling seems to be a huge deterrent for cord cutting.

Microsoft just took a direct swipe at Salesforce with a new enterprise-ready version of LinkedIn's customer relationship management product called Sales Navigator. From a report on CNBC: "Today's announcements take Sales Navigator to the next level," Doug Camplejohn, LinkedIn sales solutions head of product, said in a blog. The new product steps up competition with arch rival Salesforce. Microsoft beat out Salesforce to acquire Linkedin for $26.2 billion -- by far the company's largest acquisition to date -- in June. Salesforce CEO Marc Benioff was so concerned, he accused the company of "anti-competitive behavior" and urged regulators to investigate. Flash-forward less than a year and Microsoft's new Sales Navigator Enterprise Edition incorporates many features aimed at turning LinkedIn into a must-have tool for sales teams at big companies.

Earlier this year, we learned that Andy Rubin, creator of the Android operating system, has built a new company called Essential. The company was reportedly working on a "high-end smartphone with a large edge-to-edge screen that lacks a surrounding bezel." It appears things aren't chugging along so smoothly. From a report: Andy Rubin, a co-creator of Android, lost out on a $100 million investment from SoftBank as Apple deepened ties with the Japanese investor, people familiar with the matter told The Wall Street Journal. Rubin's company, Essential Products, is reportedly planning to release a new high-end smartphone this spring, and SoftBank planned to market the phone in Japan, the Journal said. But Apple subsequently agreed to commit $1 billion to SoftBank's Vision Fund, a move that "complicated" SoftBank's investment in Essential Products, the Journal reported Monday. Apple did not directly block the deal, the Journal said, though Rubin's premium phone would be released ahead of the highly anticipated 10th anniversary iPhone. The deal was "nearly complete," sources told the Journal.

Apple is beefing up its staff with acquisitions and some big hires to help design augmented reality glasses and iPhone features, according to Bloomberg. From a report: Apple is working on "digital spectacles" that could connect to an iPhone and beam content like movies and maps, Bloomberg's Mark Gurman reported on Monday. The Cupertino, Calif.- based company is also working on augmented reality features for the iPhone that are similar to Snapchat, Bloomberg said. To make its augmented reality push, Apple has acquired augmented reality start-ups FlyBy Media and Metaio, and hired major players from Amazon, Facebook's Oculus, Microsoft's HoloLens, and Dolby.

An anonymous reader shares a CNBC article: Behold the open industrial office space. At one moment, it feels like such a hip environment, bustling with easy communication and collaboration, innovation and headphones just behind every monitor. At another moment, the open office is the loudest, most annoying, distracting and unproductive environment one can imagine. What if the open industrial office is just part of a larger misguided fantasy? What if this office style is hurting our employees working on the hardest problems -- our high-performance employees (HPEs)? What if the open office is causing retention problems, and affecting the quality of our end products? As I outlined in my HPE article, executives and high-performance employees tend to optimize against completely different trade and life principles -- they generally have very different views of the world. This disconnect shows itself very clearly in the environmental conditions of our creative and technical offices. My latest anonymous survey shows that 58% of HPEs need more private spaces for problem solving, and 54% of HPEs find their office environment "too distracting."

A security loophole that would allow someone to add extra steps to the counter on your Fitbit monitor might seem harmless. But researchers say it points to the broader risks that come with technology's embedding into the nooks of our lives. John Markoff, writes for the NYTimes: On Tuesday, a group of computer security researchers at the University of Michigan and the University of South Carolina will demonstrate that they have found a vulnerability that allows them to take control of or surreptitiously influence devices through the tiny accelerometers that are standard components in consumer products like smartphones, fitness monitors and even automobiles. In their paper, the researchers describe how they added fake steps to a Fitbit fitness monitor and played a "malicious" music file from the speaker of a smartphone to control the phone's accelerometer. That allowed them to interfere with software that relies on the smartphone, like an app used to pilot a radio-controlled toy car. "It's like the opera singer who hits the note to break a wine glass, only in our case, we can spell out words" and enter commands rather than just shut down the phone, said Kevin Fu, an author of the paper, who is also an associate professor of electrical engineering and computer science at the University of Michigan and the chief executive of Virta Labs, a company that focuses on cybersecurity in health care. "You can think of it as a musical virus."

Joe_Dragon quotes a report from CNBC: Older Americans struggling to overcome age discrimination while looking for work face a new enemy: their computers. Illinois Attorney General Lisa Madigan recently opened a probe into allegations that ageism is built right into the online software tools that millions of Americans use to job hunt. Separate research published recently by the San Francisco Federal Reserve Bank found that in a widespread test using fabricated resumes, fictional older workers were 30 percent less likely to be contacted after applying for jobs. Fictional older women had it even worse, being 47 percent less likely to get a "callback." Several forces are conspiring to ensure that many Americans have to work well past the traditional retirement age of 65. People are living longer, their retirement savings are inadequate, and Social Security reforms are almost certainly going to require it. The San Francisco Fed says that the share of the older-65 working population is projected to rise sharply -- from about 19 percent now to 29 percent in the year 2060. Online job-hunting tools should be making things easier for older employment seekers, and it can. Indeed.com, which claims to list 16 million jobs worldwide, currently lists 158,000 openings under its "Part Time Jobs, Senior Citizen Jobs" category. Monster.com, which claims 5 million listings, has a special home page for "Careers at 50+." In other ways, however, online job sites can cut older workers out. Age bias is built right into their software, according to Madigan. Job seekers who try to build a profile or resume can find that it's impossible to complete some forms because drop-down menus needed to complete tasks don't go back far enough to let older applicants fill them out. For example, one site's menu options for "years attended college" stops abruptly at 1956. That could prevent someone in their late 70s from filling out the form. Madigan's office said it found one example that only accommodated those who had attended school after 1980, "barring anyone who is older than 52." Other sites used dates ranging from 1950 to 1970 as cutoffs, her office said. The Illinois' Civil Rights Bureau has opened a probe into potential violations of the Illinois Human Rights Act and the federal Age Discrimination in Employment Act. Madigan's office has sent inquiry letters to six top jobs sites: Beyond.com, CareerBuilder, Indeed Inc., Ladders Inc., Monster Worldwide Inc. and Vault.

Hyperloop One has released the first photographs of its "proof of concept" test track near Las Vegas, Nevada, and there's now also a couple short videos online. Slashdot reader angry tapir quotes Computerworld: The company revealed its progress on Tuesday at the Middle East Rail conference in Dubai, sharing pictures and footage of its Nevada development site dubbed "DevLoop." Taking Elon Musk's Hyperloop concept of a levitating pod in a low-pressure tube, Hyperloop One has developed what is so far the only full-scale, full-system Hyperloop test site...and says it plans to test the entire apparatus this year.
In addition, Investopedia reports that Hyperloop One has now also signed letter of intent agreements to investigate the feasibility of building more hyperloop systems in Finland and the Netherlands.

A team of researchers claim they can identify Twitter account activity that's posted by bots through their new web portal -- "Bot or Not?" -- leveraging "more than a thousand features extracted from public data and meta-data." And it turns out there are a lot of bots. An anonymous reader writes: "A study released by the University of Southern California reports that roughly nine to 15 percent of Twitter accounts...are so-called bots controlled by software instead of humans," according to CBS News. "Twitter boasts 319 monthly active users meaning that this recent revelation equates to nearly 48 million bot accounts, according the university's high-end figure." CNBC adds that "The research could be troubling news for Twitter, which has struggled to grow its user base in the face of growing competition from Facebook, Instagram, Snapchat and others." In a 2014 SEC filing Twitter admitted that between 5 and 8% of their users were bots.
Twitter's response to this new report? "Many bot accounts are extremely beneficial, like those that automatically alert people of natural disasters ... or from customer service points of view."

China is building a manned spacecraft capable of sending astronauts to the moon as well as near-Earth orbit flight, according to Chinese state media. From a report on CNBC: The official newspaper of the Ministry of Science and Technology of China cited system chief architect Zhang Bainan who claimed the craft is being designed to carry as many as six astronauts. The newspaper, Science and Technology Daily, quoted Zhang Bainan as saying China wished to catch up with international standards of space exploration. The fresh announcement follows a separate Chinese ambition to bring back samples from the moon before the end of this year.

An anonymous reader shares a CNBC report: Hyperloop Transportation Technologies (HTT), one of the companies developing the futuristic transport service dreamed up by billionaire Elon Musk, said it was exploring Indonesia as a potential site to put one of its tracks. The so-called "feasibility study" contract is worth $2.5 million and will look into whether a hyperloop system would work initially in the capital Jakarta, and then connecting Java and Sumatra. A hyperloop would work by propelling pods through a large tube at speeds of 750 mph using magnets. It is seen as a solution to long distance travel, but also alleviating congestion in many cities. Jakarta is the world's third-worst city for traffic, according to a study by navigation from TomTom released earlier this year.

Following two separate security breaches revealed last year that compromised the personal information of more than 1.5 billion users, Yahoo CEO Marissa Mayer announced today via her Tumblr page that she will be redistributing her annual bonus and equity stock grant to Yahoo employees. The Verge reports: Relevant to Mayer's admission here, an independent committee Yahoo brought on to investigate the hacks found the company to be at fault for not sufficiently responding to the security incidents. "While significant additional security measures were implemented in response to those incidents, it appears certain senior executives did not properly comprehend or investigate, and therefore failed to act sufficiently upon, the full extent of knowledge known internally by the company's information security team," reads the committee's findings, which are contained in Yahoo's 10-K report for 2016. As a result of the hacks, Yahoo's top lawyer, Ron Bell, has been fired, Recode reported today. Mayer has accumulated about $162 million during the five years she's spent as the company's CEO in both salary and stock awards, according to CNN. She's also due about $55 million in severance if she decides to leave the company following its acquisition by Verizon. So it's safe to say her bonus would involve a hefty amount of money now going to Yahoo employees who have weathered the storm throughout Mayer's tumultuous tenure.

Twitter is cracking down even harder against trolls, including temporarily barring accounts that are harassing other users. From a report: In a blog posted Wednesday, Twitter's vice president of engineering, Ed Ho, announced more safety measures to stop abuse on its platform. One of the methods includes using the company's internal algorithms to identify problematic accounts and limiting certain account functions -- such as only allowing the aggressor to see their followers -- for a set period of time if they engaged in troublesome behavior. Twitter said it was also open to further action if the harassment continued. Other anti-trolling tools include new filters to let users see what kinds of content they want to view from certain accounts and well as allowing people to "mute" tweets based on keywords, phrases or entire conversations.