Domain: fortune.com
Stories and comments across the archive that link to fortune.com.
Stories · 422
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Apple Is Expanding Its War With Qualcomm (fortune.com)
Apple has opened a new front in its global patent war with Qualcomm. From a report: The Cupertino, Calif.-based company has sued Qualcomm in a U.K. court, accusing the chipmaker of violating patents and design concepts Apple owns. Details on exactly which patents Qualcomm has violated and why Apple believes Qualcomm has violated the patents were not disclosed in the public court records, according to Bloomberg, which earlier reported on the lawsuit. The lawsuit is the latest in a string of disputes Apple and Qualcomm have engaged in around the world. The main dispute resides in the U.S., where Apple has accused Qualcomm of using its position as a prominent chipmaker to hurt competition in the mobile marketplace. Apple, which has used Qualcomm chips for its iPhone's wireless connectivity, claims Qualcomm owes the company $1 billion in rebates the chip maker allegedly held back after Apple spoke to South Korean regulators about Qualcomm's business practices. -
Supersmart Robots Will Outnumber Humans Within 30 Years, Says SoftBank CEO (fortune.com)
Computers running artificial intelligence programs will exceed human intelligence within three decades, Masayoshi Son, founder of the Japanese technology and telecommunications conglomerate SoftBank Group, said on Monday. From a report on Fortune: "I really believe this," Son told a large audience at the Mobile World Congress, the telecom industry's annual conference in Barcelona. A computer will have the IQ equal to 1,000 times the average human by that point, he said. Even clothing like a pair of sneakers will have more computing power that a person, Son joked. "We will be less than our shoes," he said, to laughter. Asked if the rise of the computer could be dangerous for humankind, Son said that would be up to how people react. "I believe this artificial intelligence is going to be our partner," he said. "If we misuse it, it will be a risk. If we use it right, it can be our partner." -
'Uber Is Doomed', Argues Transportation Reporter (jalopnik.com)
When an Uber self-driving car ran a red light last year, they blamed and suspended the car's driver, even though it was the car's software that malfunctioned, according to two former employees, ultimately causing Uber cars to run six different red lights. But technical issues may be only the beginning. An anonymous reader writes: Jalopnik points out that in 2016 Uber "burned through more than $2 billion, amid findings that rider fares only cover roughly 40% of a ride, with the remainder subsidized by venture capitalists" (covering even less than the fares of government-subsidized mass transit systems). So despite Google's lawsuit and other recent bad publicity, "even when those factors are removed, it's becoming more evident that Uber will collapse on its own."
Their long analysis argues that the problems are already becoming apparent. "Uber, which didn't respond to questions from Jalopnik about its viability, recently paid $20 million to settle claims that it grossly misled how much drivers could earn on Craigslist ads. The company's explosive growth also fundamentally required it to begin offering subprime auto loans to prospective drivers without a vehicle."
Last month transportation industry analyst Hubert Horan calculated that Uber Global's losses have been "substantially greater than any venture capital-funded startup in history." -
Ask Slashdot: How Are You Responding To Cloudbleed? (reuters.com)
An anonymous IT geek writes: Cloudflare-hosted web sites have been leaking data as far back as September, according to Gizmodo, which reports that at least Cloudflare "acted fast" when the leak was discovered, closing the hole within 44 minutes, and working with search engines to purge their caches. (Though apparently some of it is still lingering...) Cloudflare CEO Matthew Prince "claims that there was no detectable uptick in requests to Cloudflare-powered websites from September of last year...until today. That means the company is fairly confident hackers didn't discover the vulnerability before Google's researchers did."
And the company's CTO also told Reuters that "We've seen absolutely no evidence that this has been exploited. It's very unlikely that someone has got this information... We do not know of anybody who has had a security problem as a result of this." Nevertheless, Fortune warns that "So many sites were vulnerable that it doesn't make sense to review the list and change passwords on a case-by-case basis." Some sites are now even resetting every user's password as a precaution, while site operators "are also being advised to wipe their sites' cookies and security certificates, and perform their own web searches to see if site data leaked." But I'd like to know what security precautions are being taken by Slashdot's readers?
Leave your own answers in the comments. How did you respond to Cloudbleed? -
FAA Warns More Drones Are Flying Near Airports (fortune.com)
Between February and September of 2016, there were 1,274 reports of drones near airports -- versus just 874 for the same period in 2015, according to newly-released FAA research. "The report detailed more than 1,200 incidents of airplane pilots, law enforcement, air traffic controllers, and U.S. citizens reporting drones flying in places they shouldn't," writes Fortune. An anonymous reader quotes their report: One of takeaway of the report was that while the FAA has received several reports from pilots that drones may have hit their aircraft, the administration was unable to verify any such claim. "Every investigation has found the reported collisions were either birds, impact with other items such as wires and posts, or structural failure not related to colliding with an unmanned aircraft," the FAA said in a statement... Although a drone hasn't smashed into an airplane yet, the FAA "wants to send a clear message that operating drones around airplanes and helicopters is dangerous and illegal. Unauthorized operators may be subject to stiff fines and criminal charges, including possible jail time," the FAA said. -
GE, Intel, and AT&T Are Putting Cameras and Sensors All Over San Diego (fortune.com)
An anonymous reader shares a Fortune report: General Electric will put cameras, microphones, and sensors on 3,200 street lights in San Diego this year, marking the first large-scale use of "smart city" tools GE says can help monitor traffic and pinpoint crime, but raising potential privacy concerns. Based on technology from GE's Current division, Intel and AT&T, the system will use sensing nodes on light poles to locate gunshots, estimate crowd sizes, check vehicle speeds and other tasks, GE and the city said on Wednesday. The city will provide the data to entrepreneurs and students to develop applications. Companies expect a growing market for such systems as cities seek better data to plan and run their operations. San Diego is a test of "Internet of things" technology that GE Current provides for commercial buildings and industrial sites. -
Amazon Quietly Lowered Its Free Shipping Minimum to $35 (fortune.com)
Retailers have been busy over the weekend with Presidents Day promotions and sales, but Amazon had a significant surprise discount of its own. From a report: In a blink-and-miss-it move, the online retail giant quietly reduced its free shipping minimum rate to $35. The change was picked up and reported by a number of news outlets over the weekend, and was spotted by Fortune as well during the online checkout process. Amazon confirmed the change on its shipping guidelines and options page, designating which items and regions for delivery are eligible for free shipping. Amazon's free shipping rate, arguably one of the promotions on the site that has been the most popular and vaulted it to its e-commerce throne in years past, has gone up and down over the years. The free shipping minimum has been as low as $25 in the past and was most recently as high as $49. -
Tech Jobs Took a Big Hit Last Year (fortune.com)
Barb Darrow, writing for Fortune: Tech jobs took it on the chin last year. Layoffs at computer, electronics, and telecommunications companies were up 21 percent to 96,017 jobs cut in 2016, compared to 79,315 the prior year. Tech layoffs accounted for 18 percent of the total 526,915 U.S. job cuts announced in 2016, according to Challenger, Gray & Christmas, a global outplacement firm based in Chicago. Of the 2016 total, some 66,821 of the layoffs came from computer companies, up 7% year over year. Challenger attributed much of that increase to cuts made by Dell Technologies, the entity formed by the $63 billion convergence of Dell and EMC. In preparation for that combination, layoffs were instituted across EMC and its constituent companies, including VMware. -
Angry Birds Is the Most-Banned Mobile App By Businesses (fortune.com)
Barb Darrow, writing for Fortune: Corporate IT pros face the unenviable task of trying to protect valuable data from threats that change all the time. One vector of attack is clearly smartphones and tablets that employees use both for work and pleasure. To that end, mobile device management firm MobileIron just came out with its latest tally of the ten most blacklisted apps, based on a survey of 7,800 companies worldwide. Angry Birds tops the list of most-banned apps at companies worldwide, as well as in Australia, the U.S., and government sectors tracked by MobileIron in its twice-yearly Mobile Security and Risk Review. The survey covers the use of Android, iOS, and Windows devices from Oct. 1, 2016 and Dec. 31, 2016. -
More Than 20,000 AT&T Workers Are Getting Ready To Protest Nationwide (fortune.com)
Aaron Pressman, reporting for Fortune: Some 21,000 workers in AT&T's wireless business have overwhelming voted to authorize a strike just ahead of the expiration of their contract on Saturday. The vote, which was expected, comes after 17,000 additional workers in AT&T's phone, internet, and cable services in Nevada and California also approved a strike authorization last month. They have been working without a contract since April. But despite the strike authorization votes -- a common tactic to increase pressure on management during labor negotiations -- AT&T said it was still seeking to find common ground with its workers. Unlike some of its peers, AT&T has had a long run of labor peace with its workers and their main union, the Communications Workers of America (CWA). -
The Metropolitan Museum of Art Makes 375,000 Images Available For Free (fortune.com)
The Metropolitan Museum of Art announced Tuesday that more than 375,000 of its "public-domain artworks" are now available for unrestricted use. "We have been working toward the goal of sharing our images with the public for a number of years," said Thomas P. Campbell, director and CEO of the Met, in a statement. "Our comprehensive and diverse museum collection spans 5,000 years of world culture and our core mission is to be open and accessible for all who wish to study and enjoy the works of art in our care." Fortune reports: The image collection covers photographs, paintings, and sculptures, among other works. Images now available for both scholarly and commercial purposes include Emanuel Leutze's famous painting Washington Crossing the Delaware; photographs by Walker Evans, Alfred Steiglitz, and Dorothea Lange; and even some Vincent van Gogh paintings. The Met has teamed up with Creative Commons, Wikimedia, Artstor, Digital Public Library of America, Art Resource, and Pinterest to host and maximize the reach of their enormous collection. There is also a public GitHub repository of the images. -
SpaceX Plans to Start Launching Rockets Every Two To Three Weeks (fortune.com)
Space Exploration Technologies, better known as SpaceX, plans to launch its Falcon 9 rockets every two to three weeks, its fastest rate since starting launches in 2010, once a new launch pad is put into service in Florida next week. From a report: The ambitious plan comes only five months after a SpaceX rocket burst into flames on the launch pad at the company's original launch site in Florida. SpaceX, controlled by billionaire Elon Musk, has only launched one rocket since then, in mid-January. "We should be launching every two to three weeks," SpaceX President Gwynne Shotwell said in an interview on Monday. -
Google, Unlike Microsoft, Must Turn Over Foreign Emails, Rules Judge (fortune.com)
Every year Google receives more than 25,000 requests from U.S. authorities for "disclosures of user data in criminal matters," according to a U.S. judge's recent ruling. But this one is different. An anonymous reader quotes Reuters: A U.S. judge has ordered Google to comply with search warrants seeking customer emails stored outside the U.S., diverging from a federal appeals court that reached the opposite conclusion in a similar case involving Microsoft. U.S. Magistrate Judge Thomas Rueter in Philadelphia ruled on Friday that transferring emails from a foreign server so FBI agents could review them locally as part of a domestic fraud probe did not qualify as a seizure...because there was "no meaningful interference" with the account holder's "possessory interest" in the data sought.
"Though the retrieval of the electronic data by Google from its multiple data centers abroad has the potential for an invasion of privacy, the actual infringement of privacy occurs at the time of disclosure in the United States," Rueter wrote... The ruling came less than seven months after the 2nd U.S. Circuit Court of Appeals in New York said Microsoft could not be forced to turn over emails stored on a server in Dublin, Ireland that U.S. investigators sought in a narcotics case.
Google announced they'd appeal the case, saying "We will continue to push back on overbroad warrants." -
The Met Makes 375,000 Public Domain Images Available (fortune.com)
The Metropolitan Museum of Art announced Tuesday that more than 375,000 of the Museum's "public-domain artworks" are now available for unrestricted use. From a report: "We have been working toward the goal of sharing our images with the public for a number of years," said Thomas P. Campbell, director and CEO of the Met, in a statement. "Our comprehensive and diverse museum collection spans 5,000 years of world culture and our core mission is to be open and accessible for all who wish to study and enjoy the works of art in our care." The image collection covers photographs, paintings, and sculptures, among other works. Images now available for both scholarly and commercial purposes include Emanuel Leutze's famous painting Washington Crossing the Delaware; photographs by Walker Evans, Alfred Steiglitz, and Dorothea Lange; and even some Vincent van Gogh paintings. -
SpaceX Is Livestreaming A Hyperloop Pod Competition (spacex.com)
SpaceX is livestreaming a competition between hyperloop pods from outside their headquarters in Hawthorne, California, and at least one Los Angeles newspaper is also covering the event live on Facebook. "This competition is the first of its kind anywhere in the world," SpaceX writes, noting that 27 teams put their pods through a "litany" of pre-qualifying tests hoping to qualify for a run on the track on "Rocket Road". An anonymous reader writes: The mile-long track is "roughly half the width of a full-scale Hyperloop system," according to Fortune -- but it's still a near-total vacuum inside, making it possible for the magnetically-levitated pods to attain extremely high speeds. "The winning team will be the one that hits the highest top speed -- then stops before hitting the end of the tube. 'There'll be a bit of tension," Elon Musk mused. 'Will it brake in time?'" Sunday's event "will mark the first time anyone gets to see the Hyperloop pods in action," according to Business Insider, which has photos and descriptions of the 27 pods -- including the MIT Hyperloop and the crowdfunded non-profit rLoop, which crowdsourced their open source development effort on Reddit.
SpaceX engineers ultimately awarded the highest overall score to the team from Delft University and determined that the fastest pod came from the Technical University of Munich, Germany. But SpaceX will also be hosting a second competition this summer focused on one criterion: speed. -
Microsoft CEO Satya Nadella Says PC Market Is Finally Stabilizing (fortune.com)
In a call with analysts on Thursday, Microsoft CEO Satya Nadella said the consumer PC market is finally stabilizing after being in a long decline. His statement echoes a recent report by International Data Corporation in which the market research firm said it was optimistic that the PC market would rebound this year after five years of contraction as people switched to mobile devices. Fortune reports: Nadella, however, did not cite specific numbers showing that the consumer PC market was rallying. He merely said that video gamers seem to be buying high-end computers loaded with Microsoft's Windows 10 operating system, raising hope of an overall recovery in the PC market. Additionally, Nadella said that businesses are increasingly upgrading to Windows 10, which is noteworthy because several other third-party research firms said in November that Windows 10 adoption numbers seemed low. "I think the overall adoption cycle of Windows 10 in the enterprise is perhaps the best we have seen for any new release of Windows," Nadella said. Still, Microsoft's personal computing business unit that includes Windows 10 dropped 5% year-over-year in the latest quarter to $11.8 billion. Still, the unit's revenue was better than what the company had originally projected because of an unexpected uptick in Windows 10 sales, said chief financial officer Amy Hood. Microsoft said that the money it collects from sales of Windows by other PC makers rose 5% in the latest quarter, which Nadella said highlights an "improving commercial PC market and enterprise demand." Nadella said that computer manufacturers that use Windows are seeing an uptick in sales of high-end PCs. He took credit for the rise by saying that the Surface blazed the trail for other manufacturers to create similar devices, which are selling well. "The enterprise adoption of these new devices is driving the all around excitement of Windows 10," Nadella said. -
Microsoft CEO Satya Nadella Says PC Market Is Finally Stabilizing (fortune.com)
In a call with analysts on Thursday, Microsoft CEO Satya Nadella said the consumer PC market is finally stabilizing after being in a long decline. His statement echoes a recent report by International Data Corporation in which the market research firm said it was optimistic that the PC market would rebound this year after five years of contraction as people switched to mobile devices. Fortune reports: Nadella, however, did not cite specific numbers showing that the consumer PC market was rallying. He merely said that video gamers seem to be buying high-end computers loaded with Microsoft's Windows 10 operating system, raising hope of an overall recovery in the PC market. Additionally, Nadella said that businesses are increasingly upgrading to Windows 10, which is noteworthy because several other third-party research firms said in November that Windows 10 adoption numbers seemed low. "I think the overall adoption cycle of Windows 10 in the enterprise is perhaps the best we have seen for any new release of Windows," Nadella said. Still, Microsoft's personal computing business unit that includes Windows 10 dropped 5% year-over-year in the latest quarter to $11.8 billion. Still, the unit's revenue was better than what the company had originally projected because of an unexpected uptick in Windows 10 sales, said chief financial officer Amy Hood. Microsoft said that the money it collects from sales of Windows by other PC makers rose 5% in the latest quarter, which Nadella said highlights an "improving commercial PC market and enterprise demand." Nadella said that computer manufacturers that use Windows are seeing an uptick in sales of high-end PCs. He took credit for the rise by saying that the Surface blazed the trail for other manufacturers to create similar devices, which are selling well. "The enterprise adoption of these new devices is driving the all around excitement of Windows 10," Nadella said. -
Amazon's Best Picture Oscar Nod Makes History For Streaming Media (fortune.com)
Hollywood is buzzing after Tuesday morning's long-awaited Oscar nominations announcements, finally revealing who will be competing for an Academy Award on Feb. 26. One of the biggest stories of the morning was the nominations haul scored by e-commerce giant Amazon and its streaming video arm, Amazon Studios. From a report: The Academy of Motion Picture Arts and Sciences gave Amazon's big Oscar contender, director Kenneth Lonergan's devastating drama Manchester by the Sea, six total nominations on Tuesday. Manchester by the Sea, which Amazon co-distributed with indie studio Roadside Attractions, is nominated for Best Picture, while Lonergan is nominated in both the directing and original screenplay categories. Actors Casey Affleck, Michelle Williams, and Lucas Hedges all also scored acting category nods. In total, Amazon has seven nominations, with the Iranian thriller The Salesman -- which Amazon is distributing in the U.S. -- up for Best Foreign Picture. Amazon CEO Jeff Bezos has made no secret about his desire to win an Academy Award -- an accomplishment no streaming service has yet pulled off -- and the company has spent a lot of money building out its portfolio of original feature films as it looks to compete with more traditional Hollywood studios. Last year, Amazon saw its Oscar hopes dashed after the company's collaboration with director Spike Lee on the film Chi-Raq failed to garner any nominations. But Amazon also spent a reported $10 million on the distribution rights to Manchester by the Sea at last year's Sundance Film Festival. -
China Is Splashing $168 Million To Make It Rain (fortune.com)
China, the world's second largest economy, is pouring 1.5 billion yuan ($168 million) into a program aimed at making it rain in its usually arid northwestern region. From a report: No stranger to using technologies like cloud seeding to influence and even control weather patterns, China's top economic planners recently gave the go ahead for what will be one of the country's largest weather-modification projects, reports the South China Morning Post. According to the Post, a feasibility study by the country's meteorological agency concluded that the three-year program could see a rise in precipitation over an area of 960,000 sq km, or as much as 10% of the country's landmass. The multi-million dollar budget allocated by the National Development and Reform Commission will reportedly cover the cost for four new aircraft and updates to eight existing planes, nearly 900 rocket launch systems and over 1,800 digital control devices. -
China Unseats US As Global Investment Leader In Financial Technology: Report (fortune.com)
Paul Fernhout writes: China has unseated North America as the global investment leader in financial technology, or "fintech," according to Citigroup's latest report on "digital disruption." The researchers attribute the power shift to the rise of what they term "Chinese dragons," an industry term for the biggest upstarts in Asia. Think of Ant Financial, the payments spinout of Alibaba, as well as Lu.com, JD Finance, and Qufenqi, emerging eastern juggernauts that are generally less familiar to consumers in the west. China accounted for more than half of all fintech investments globally in the first nine months of last year, the report said. Specifically in terms of venture capital, the country more than doubled its worldwide share of the investment category, rising to 46% of the global total versus just 19% the same period in 2015. The U.S., meanwhile, sunk to 41% of the global total from 56% during the same period in 2015, putting it behind China. -
Toshiba Might Spin Off Its Semiconductor Business (fortune.com)
Toshiba is considering spinning off its semiconductor business and selling a partial stake in the unit to Western Digital, the Nikkei financial daily reported on Wednesday. From the report: Toshiba will sell a roughly 20% interest in the unit for about 200 billion yen-300 billion yen ($1.77 billion-$2.66 billion) while retaining a majority stake, the newspaper reported. Besides Western Digital, U.S. investment funds are also showing interest in Toshiba's semiconductor business, the Nikkei reported, sources familiar with the matter. -
SpaceX Accident Cost it Hundreds of Millions (fortune.com)
Elon Musk's SpaceX lost more than a quarter of a billion dollars in 2015 after a botched cargo run to the International Space Station and the subsequent grounding of its Falcon 9 rocket fleet, The Wall Street Journal reported on Friday. From a report: The accident derailed SpaceX's expectations of $1.8 billion in launch revenue in 2016, an analysis of the privately held firm's financial documents showed, according to the Journal, which said it had obtained the documents. SpaceX declined to comment on the Journal's report. In a statement emailed to Reuters, SpaceX chief financial officer Bret Johnsen said the company "is in a financially strong position" with more than $1 billion in cash reserves and no debt. -
Wireless Headphone Sales Soared After Apple Dropped Headphone Jack (fortune.com)
Apple's decision to remove the headphone jack from new iPhones last year prompted lots of consumers to switch to wireless headphones, according to a new report on holiday shopping. From a report: Three-quarters of all headphones sold online in December were wireless models, up from 50% a year earlier, according to shopping tracker Slice Intelligence. Apple was the biggest beneficiary of the shift, as both its new AirPods earphones and models from its Beats subsidiary led the sales charts. The $159 AirPods, Apple's first wireless model sold under its own brand, didn't go on sale until Dec. 13, but the product quickly dominated the wireless headphone market, Slice found. In the year prior to the debut, the Beats brand topped online sales of wireless models with a 24% market share, trailed by Bose with an 11% share and Jaybird at 8%. But after AirPods went on sale, they grabbed 26% of online wireless sales, Slice found. Bose was second at 16% and Beats dropped to third with 15% of the market during the period considered. -
Amazon Now Gives Away 5,000 Bananas a Day (fortune.com)
An anonymous reader writes: When thinking up ways to give back to its home city, Amazon CEO Jeff Bezos decided to give out free bananas. That was in December 2015, when Amazon first launched the Community Banana Stand, handing out bananas to whoever wants a snack. Over a year later, Amazon has handed out over a million bananas to the Lake Union and Denny Regrade communities in Seattle, averaging almost 5,000 a day, the company said recently. By comparison, Seattle was home to just 662,400 people in 2015, according to the city's Office of Planning and Community Development. Employees and non-employees are welcome to grab one, or even more, of the fruit. -
SpaceX Gets the Green Light To Resume Rocket Launches (fortune.com)
Elon Musk's SpaceX rocket company has been cleared to resume flying following a launch pad explosion four months ago, the U.S. Federal Aviation Administration said on Friday. From a report on Fortune: The decision clears SpaceX to attempt to launch a Falcon 9 rocket carrying 10 Iridium Communications satellites as early as Monday, a day later than originally planned. SpaceX, owned by Tesla Motors Chief Executive Officer Musk, on Friday declined to comment about what caused the delay. Liftoff from Vandenberg Air Force Base in California is targeted for around 10:26 a.m. PST/1:26 p.m. EST. The FAA, which oversees commercial U.S. space launches, oversaw SpaceX's investigation into why a Falcon 9 rocket burst into flames on a launch pad in Florida as it was being fueled for a routine, prelaunch test on Sept. 1. The accident destroyed the $62 million booster and a $200 million Israeli communications satellite that had been partly leased by Facebook to expand Internet access in Africa. -
AT&T Plans 5G Network Trial for DirecTV Customers (fortune.com)
AT&T said it plans to test its high-speed wireless 5G network, which reached speeds of 14 gigabits per second in lab trials, for customers of its online streaming television service, DirecTV Now, in Austin, Texas. From a report on Fortune: The U.S. wireless carrier, which plans to conduct the trial in the first half of 2017, has also teamed up with Qualcomm and Ericsson for mobile and broadband trials of the 5G network in the second half of the year. New 5G networks are expected to provide speeds at least 10 times and maybe 100 times faster than today's 4G networks, giving the potential to connect at least 100 billion devices with download speeds that can reach 10 gigabits per second. -
Facebook Is Sorry for Taking Down a Photo of a Nude Neptune Statue (fortune.com)
Facebook has apologized for mistakenly blocking a photo of a famous statue for being "sexually explicit." From a report on Fortune: The social media giant flagged a photograph of a 16th-century statue of the sea god Neptune in the Italian city of Bologna. The picture of the sculpture -- which was created in the 1560s -- was featured on the Facebook page of local writer and art historian Elisa Barbari called "Stories, curiosities and view of Bologna." Facebook told Barbari that the picture violated the company's privacy policies. "It shows an image with content that is explicitly sexual and which excessively shows the body or unnecessarily concentrates on body parts," the company said in a statement. The company added: "The usage of images or video of nude bodies or plunging necklines is not allowed, even if the use is for artistic or educational reasons." Facebook later said that blocking the photo was a mistake. -
Legal Sparring Continues in Bitcoin User's Battle with IRS Tax Sweep (fortune.com)
In a strange twist, Coindesk reports that the IRS has, somewhat indirectly, removed one target from its broad request for data about U.S. users of the Bitcoin exchange Coinbase. It no longer wants data about Jeffrey Berns, a lawyer who also happens to be fighting the IRS's "John Doe" request in court. From a report on Fortune: Berns originally filed a motion on December 13th asking the U.S. District Court for Northern California to stop the IRS' subpoena of Coinbase records. The IRS believes that its request, filed in November, is justified because Bitcoin owners "may fail, or may have failed, to comply with one or more provisions of the internal revenue laws." Berns is represented by his own law firm, Berns Weiss, whose motion argues that the IRS data search is "an abuse of process" and "overbroad." Berns has said his motion is intended to defend not only himself, but all targeted users. But according to a December 28th court filing by the IRS, Berns is no longer a target of its records request because he identified himself in his own filing, and the request is only for unidentified users. Therefore, the IRS argues, Berns is not a party to proceedings and his request to block the data grab should be thrown out of court. In response, Berns Weiss had its own spin, telling Coindesk that "The IRS's willingness to withdraw the summons as to Mr. Berns only because it is now aware of his identity," and without the additional information they're seeking about many other Coinbase users, "Makes it clear that the IRS does not have a legitimate purpose in seeking substantial personal and financial information concerning approximately 3 million Americans." -
Work Emails After Hours Finally Banned in France (fortune.com)
An anonymous reader quotes Fortune: A new French law establishing workers' "right to disconnect" goes into effect today. The law requires companies with more than 50 employees to establish hours when staff should not send or answer emails. The goals of the law include making sure employees are fairly paid for work, and preventing burnout by protecting private time. French legislator Benoit Hamon, speaking to the BBC, described the law as an answer to the travails of employees who "leave the office, but they do not leave their work. They remain attached by a kind of electronic leash -- like a dog."
The BBC reports that France already has a 35-hour work week, while Fortune adds that many European companies have already taken steps to curtail after-work emails. "In 2012, Volkswagen blocked all emails to employees' Blackberries after-hours," and "Daimler took the step of deleting all emails received by employees while on vacation." -
Humans Marrying Robots? Experts Say It's Really Coming (fortune.com)
If you were rooting for fictitious chatacters Dolores and William to make it work on HBO's Westworld, just wait a few more decades and their relationship may be able to exist in real life. That's right, a few experts say marriage will be legal between humans and robots by 2050. From a report on Fortune: At a conference last week called "Love and Sex with Robots" at Goldsmith University in London, David Levy, author of a book on human-robot love, made the bold prediction. And while some other experts were skeptical, Adrian Cheok, a professor at City University London and director of the Mixed Reality Lab in Singapore, supported Levy's idea. "That might seem outrageous because it's only 35 years away. But 35 years ago people thought homosexual marriage was outrageous," Cheok said. "Until the 1970s, some states didn't allow white and black people to marry each other. Society does progress and change very rapidly." -
Google and Amazon Will Let You Rent a Movie for $0.99 During the Holiday (fortune.com)
Holidays are the time when many of us get some extra time to catch up on all the good movies and TV shows that our friends wanted us to watch, but we never did. To make things enticing for people, Amazon and Google are prepping for lowering the rent this holiday season. From a report on Fortune: Google and Amazon -- which have been jostling to compete with Netflix in video streaming -- have announced a new online promotion for the holidays. Google Play will allow viewers to select any movie available on the streaming service to rent for $0.99. Amazon Video will allow viewers the same using the promo code "MOVIE99." The catch: Users can only get one movie per account. Both services offer an extensive list of titles, including this year's Suicide Squad, Bridge Jones's Baby, and Finding Dory among others. -
Bad Reviews For Super Mario Run Are Sending Nintendo's Stock Tumbling (fortune.com)
People aren't loving Nintendo's newly released Super Mario Run. Nintendo's stock plunged 7.1% Monday, bringing its total drop since the game's release last week to more than 11%, Bloomberg reports. The game's mediocre reviews had a similar impact on DeNA, the Nintendo partner that helped with the game's development: Since the game's introduction, its stock has fallen 14%. From a report: Reviews in Apple's App Store (so far, the game is only available on iPhone) show an average rating of two and half stars out of five. Overall, there have been nearly 50,000 reviews. Its reviews make it among the lowest rated app among those at the top of the download rankings, according to Bloomberg. -
Bill Gates Announces A New $1 Billion Clean Energy Fund (fortune.com)
And "he's got several billionaire pals on board." An anonymous reader quotes Fortune: Nearly two dozen of the world's most successful business leaders, entrepreneurs, and venture capitalists will invest up to $1 billion in a fund led by Microsoft-co-founder Bill Gates that aims to reduce greenhouse gas emissions to almost zero by financing emerging clean energy technology. The Breakthrough Energy Ventures Fund includes John Doerr, chairman of venture firm Kleiner Perkins Caufield & Byers, Alibaba founder Jack Ma, Khosla Ventures founder Vinod Khosla, former energy hedge fund manager John Arnold, Amazon founder and CEO Jeff Bezos, and SAP co-founder Hasso Plattner...
The new fund, which will have a 20-year lifespan, is designed to be both broad and scientific -- two seemingly contradictory focuses -- in its investment approach. The fund will not be confined to a specific segment of the investment pipeline, which means it will put money into startups at the earliest of stages all the way to companies that have reached commercialization.
Gates said Sunday that "Our goal is to build companies that will help deliver the next generation of reliable, affordable, and emissions-free energy to the world." -
Alphabet Donated Its Employees' Holiday Gifts To Charity (fortune.com)
The employee perks at Google are legendary, and they've always included an over-the-top holiday gift for every employee. In the past, the company has surprised its 70,000 employees with Nexus phones, Android smartwatches, and Chromebooks. Fortune adds:This year employees speculated they might get Google's new Pixel phones or a Google Home unit, the company's competitor to Amazon's Echo. But they forgot: They don't work for Google anymore. They work for Alphabet. Instead of a shiny new gadget, Alphabet employees got an email. On Thursday Bloomberg published a bruising story about the new, cost-conscious regime of Alphabet, driven by its corporate re-organization and its ex-Wall Street CFO, Ruth Porat. Shortly after the story hit, employees were informed that their holiday gift this year was a donation to charity, Fortune has learned. Alphabet donated $30 million worth of Chromebooks, phones, and associated tech support to schools on its employees' behalf. -
Microsoft Likely To See a Boost in Windows 10 Sales This New Year (fortune.com)
Because many businesses are wary of new software updates, let alone a new operating system, Microsoft could see a significant surge in Windows 10 install base and sales in the New Year. From a report on Fortune: Businesses have been slow to upgrade all of their corporate computers to the latest Windows OS in 2016, according to research by IT services and technology company Adaptiva. Adaptiva said Tuesday that based on its findings, it believes companies are going to be upgrading to the latest version in 2017. Adaptiva based its findings from a survey it conducted over the summer of 300 IT professionals at various businesses. The company said that 41% of the companies it surveyed have been avoiding the upgrade, and some "have gone so far as to actively resist the move by using software to prevent or disable Windows 10 installation." The survey didn't say why exactly companies were avoiding the upgrade, but the majority of respondents that did upgrade "rated the Windows 10 migration process to be somewhat to extremely challenging," the survey said. According to latest figures provided by Microsoft, Windows 10 is running on over 400 million devices. -
Tech Billionaires Award Top Scientists $25 Million In 'Breakthrough' Prizes (fortune.com)
Tonight at NASA's Ames Research Center in Silicon Valley, Morgan Freeman emceed a glamorous, Oscars-style celebration that recognizes scientific achievements with money from tech billionaires. An anonymous reader writes: Donors for the Breakthrough Prize included Google's Sergey Brin, Facebook's Mark Zuckerberg and his wife Priscilla Chan, Alibaba founder Jack Ma and his wife Cathy Zhang, and billionaire venture capitalist Yuri Milner, according to an article in Fortune. TechCrunch has a list of the winners, which included Princeton math professor Jean Bourgain, who won a $3 million prize "for his many contributions to high-dimensional geometry, number theory, and many other theoretical contributions."
Three more physics researchers -- two from Harvard, and one from U.C. Santa Barbara -- will share a $3 million prize recognizing "meaningful advances in string theory, quantum field theory, and quantum gravity." And another $1 million prize honored the leaders of three teams responsible for "collaborative research on gravitational waves and its implications for physics and astronomy," with another $2 million to be shared among the 1,012 members of their research groups.
17-year-old Deanna See from Singapore also won the $250,000 "Breakthrough Junior Challenge" prize -- and more money for her teachers and school -- for her video about antibiotic-resistant superbugs. Google has created a special page where you can read more about some of the other winners. -
Facebook Commits Millions to Help Silicon Valley's Have-Nots (fortune.com)
Facebook wants to be a better corporate citizen, which is perhaps why on Friday it announced a partnership with local community organizations near its headquarters in which it will initially commit $20 million towards making affordable housing, job training, and legal services available to more people in the area. From a report on Fortune: A few groups have signed up to participate, including Youth United for Community Action, Faith in Action Bay Area, Community Legal Services in East Palo Alto, Comite de Vecinos del Lado Oeste -- East Palo Alto, along with the local governments of East Palo Alto and Menlo Park. Here's how that first round of funding will be spread out: This new coalition will allocate $18.5 million into a fund called the Catalyst Housing Fund. The goal is to find ways to accelerate and grow the production of affordable housing in the community. Additionally, $250,000 will be given to Rebuilding Together Peninsula which seeks to assist low-income residents with the upkeep of their homes. $625,000 has been assigned to promote science, technology, engineering, and mathematics in schools, something Silicon Valley has been actively encouraging for years. -
AngelList Acquires Product Hunt (fortune.com)
Product Hunt, an online community of tech product enthusiasts, is no longer going at it alone. The three-year-old San Francisco startup said Thursday it is being acquired by AngelList, a popular crowdfunding platform for startups and angel investors. From a report on Fortune: Though Product Hunt is still a very young startup, it's not hard to see why it made the move to sell to AngelList. Product Hunt debuted three years ago, almost to the day-- founder Ryan Hoover and a friend, Nathan Bashaw, put together the original version of the website during the Thanksgiving weekend. Hoover had initially experimented with sharing apps and other tech products with a small group of friends via email newsletters. The site quickly grew in reputation among Silicon Valley insiders and tech enthusiasts everywhere as a place to share and find new or interesting apps, gadgets, and tech tools. It even had a small job board, which was Product Hunt's first source of revenue. Product Hunt also said it will continue to operate independently. -
Microsoft Confirms Its Chinese-Language Chatbot Filters Certain Topics (fortune.com)
Microsoft's Chinese-language AI chat bot filters certain topics, the company confirmed Monday, although it did not clarify whether that included interactions deemed politically sensitive. From a report on Fortune: Last week, CNNMoney and China Digital Times reported that Xiaoice would not directly respond to questions surrounding topics deemed sensitive by the Chinese state. References to the Tiananmen Square massacre of 1989 or "Steamed Bun Xi," a nickname of Chinese President Xi Jinping, would draw evasive answers or non sequiturs from the chat bot, according to the report. "Am I stupid? Once I answer you'd take a screengrab," read one answer to a question that contained the words "topple the Communist Party." Even the mention of Donald Trump, the American President-elect, drew an evasive response from the chat bot, according to reports. "I don't want to talk about it," Xiaoice said, reports CNN Money. In response to inquiries from Fortune, Microsoft confirmed that there was some filtering around Xiaoice's interaction. "We are committed to creating the best experience for everyone chatting with Xiaoice," a Microsoft spokesperson tells Fortune. "With this in mind, we have implemented filtering on a range of topics." The tech giant did not further elaborate to which specific topics the filtering applied. -
Uber Is About to Face a Landmark Battle in Europe (fortune.com)
In a case which could affect other app-based startups, Uber will seek to convince Europe's top court next week that it is a digital service, not a transport company. The outcome could determine whether app-based startups should be exempt from strict laws meant for regular companies. From a report on Fortune:The European Commission is trying to boost e-commerce, a sector where the EU lags behind Asia and the United States, to drive economic growth and create jobs. The U.S. taxi app, which launched in Europe five years ago, has faced fierce opposition from regular taxi companies and some local authorities, who fear it creates unfair competition because it is not bound by strict local licensing and safety rules. Supporters however say rigid regulatory obligations protect incumbents and hinder the entry of digital startups which offer looser work arrangements to workers in the 28-country European Union looking for more flexibility, albeit without basic rights. -
Red Hat CEO Predicts Open Source Infrastructures With Proprietary Business Functionality (fortune.com)
An anonymous reader summarizes the highlights of Fortune's new interview with Red Hat CEO James Whitehurst: A recruiter told Whitehurst the culture at Red Hat was "a little bit like that Blues Brothers movie, when Dan Aykroyd says, 'We're on a mission from God.'" But Whitehurst says geeky passion "makes it a great place to be a part of," and even argues that the success of Microsoft in the 1990s can be attributed to its Microsoft Developer Network, which led developers into Microsoft's platform and infrastructure. "Developers now are heavily using open-source tools and technology and, bluntly, I think that's why Microsoft had to open source .NET and why they're embracing more open source in general. Because open source is where innovation is coming from and is what developers are consuming, it forces vendors to participate."
Looking towards the future, Whitehurst says "A rough line would be almost to say most infrastructure is going to be open source and most business functionality above it is going to be proprietary." And he also warns open source companies, "if you don't have the unique business model that allows you to add value on top of the free functionality, in the end you're going to fail... a lot of open source companies have come and gone because they've been more focused on the functionality versus how they add value around the functionality." -
Intel Lays Roadmap For 100-Fold AI Performance Boost With Nervana and Knights (hothardware.com)
MojoKid writes: Intel is laying out its roadmap to advance artificial intelligence performance across the board. Nervana Systems, a company that Intel acquired just a few months ago, will play a pivotal role in the company's efforts to make waves in an industry dominated by GPU-based solutions. Intel's Nervana chips incorporate technology (which involves a fully-optimized software and hardware stack) that is specially tasked with reducing the amount of time required to train deep-learning models. Nervana hardware will initially be available as an add-in card that plugs into a PCIe slot, which is the quickest way for Intel to get this technology to customers. The first Nervana silicon, codenamed Lake Crest, will make its way to select Intel customers in H1 2017. Intel is also talking about Knights Mill, which is the next generation of the Xeon Phi processor family. The company claims that Knights Mill will deliver a 4x increase in deep learning performance compared to existing Xeon Phi processors and the combined solution with Nervana will offer orders of magnitude gains in deep learning performance. "We expect the Intel Nervana platform to produce breakthrough performance and dramatic reductions in the time to train complex neural networks," said Diane Bryant, Executive VP of Intel's Data Center Group. "We expect Nervana's technologies to produce a breakthrough 100-fold increase in performance in the next three years to train complex neural networks, enabling data scientists to solve their biggest AI challenges faster," added Intel CEO Brian Krzanich. -
ESA Launches Four Galileo Satellites (fortune.com)
The European Space Agency (ESA) has launched four additional Galileo satellites in to orbit on Thursday -- the first time the ESA has sent up so many satellites at once. The satellites will be used to thrust the EU into the global market for satellite navigation services, which it estimates will be worth 250 billion euros ($267 billion) by 2022, according to Fortune. The program has encountered some turbulence since the EU gave the go ahead with Galileo 16 years ago. In 2014, two Galileo satellites were launched into a wrong, lower orbit. As for today's launch, Slashdot reader nojayuk shares an excerpt from the ESA website: An Ariane 5 rocket has launched four additional Galileo satellites, accelerating deployment of the new satellite navigation system. The Ariane 5, operated by Arianespace, lifted off from Europe's Spaceport in Kourou, French Guiana at 13:06 GMT (14:06 CET, 10:06 local time) carrying Galileo satellites 15-18. The first pair was released 3 hours 35 minutes and 44 seconds after liftoff, while the second separated 20 minutes later. The Galileos are at their target altitude, after a flawless release from the new dispenser designed to handle four satellites. This was the first flight of a heavy-lift ES-variant of the Ariane V since the ATV resupply missions to the ISS. Previously Galileo satellites have been launched in pairs by Soyuz-Fregat craft from French Guiana. Two additional Ariane 5 launches each carrying four Galileo satellites are scheduled in 2017 and 2018. The full system of 24 satellites plus spares is expected to be in place by 2020. -
Experts Say Internet 'Mega' Attacks Are on the Rise (fortune.com)
An anonymous reader shares a Fortune report:The phenomenon of hackers knocking websites offline with massive floods of Internet traffic is nothing new. But the pattern of these so-called DDoS attacks (for "distributed denial of service") is changing, according to a new report from internet provider Akamai. The report, published on Tuesday, suggests the overall number of DDoS attacks has not risen significantly in 2016, but that the force of these attacks is increasing. Akamai says it confronted 19 "mega attacks" in the third quarter of this year, including the two biggest it has ever encountered in history. "It's interesting that while the overall number of attacks fell by 8% quarter over quarter, the number of large attacks, as well as the size of the biggest attacks, grew significantly," said the report. -
Facebook Bug Tells Users They Are Dead (fortune.com)
On Friday afternoon, many Facebook users logged into their accounts to see that the social media site declared them to be dead. Fortune's Jeff John Roberts reports that the bug has impacted their editor Rachel King: The lethal online epidemic is causing Facebook to display a small memorial message above users' regular homepage profile. In the case of my editor, Rachel King, Fortune tech writers who visited her page discovered a "Remembering Rachel King" message, and a wish to remember to remember and celebrate her life. I can assure you that Rachel is very much alive (and reminding me about the Oxford comma). But if you're wondering what it looks like, here's a screenshot. I'm still alive (for now) but it appears the bug is spreading quickly to others in the media, and has reportedly even affected the pages of Facebook CEO Mark Zuckerberg. While Friday's wave of Facebook fatalities was clearly a bug or a hoax of some sort, the social network does offer a function that allows people to turn the profile pages of loved ones into a "Memorial." The company has since fixed the bug and offered an apology: "For a brief period today, a message meant for memorialized profiles was briefly posted to other accounts. This was a terrible error that we now have fixed. We are very sorry that this happened and we worked as quickly as possible to fix it." -
AT&T Will Offer a Lower-Quality Video Option But Without a Discount (fortune.com)
After T-Mobile and Sprint introduced lower-cost wireless plans in return for customers accepting lower quality video streaming, AT&T is following suit. An anonymous reader shares a Fortune report:The second-largest wireless carrier said it would introduce a feature starting next year called "Stream Saver" to let customers voluntarily downgrade streaming video from any service -- including YouTube and Netflix -- to DVD quality. But AT&T will not lower prices or give a discount to customers activating the lower-quality stream, which would use much less data than watching a typical high-definition video stream. The data used will also still count against a customer's monthly data allowance. AT&T emphasized that the optional feature was intended to help customers use less data, essentially stretching their monthly allowance to go further. "Stream saver lets them enjoy more of what they love," David Christopher, chief marketing officer in AT&T's entertainment group, said in a statement. "And, they are in control -- it's their choice on how to use this innovative feature." -
Mark Zuckerberg Says Fake News on Facebook Affecting the Election Is a 'Crazy Idea' (fortune.com)
A lot of questions are emerging about Facebook's role in this year's election cycle, especially given the proliferation of sensationalistic and even outright fake news stories, and CEO Mark Zuckerberg has responded. From a report on Fortune: "I think the idea that fake news on Facebook -- of which it's a very small amount of the content -- influenced the election in any way is a pretty crazy idea," he said on Thursday at the Techonomy conference in Half Moon Bay, Calif., just two days after Donald Trump was elected president, according to media reports. "There have been hoaxes on the Internet, there were hoaxes before," he said. "We do our best to make it so that people can report that, and as I said before, we can show people the most meaningful content we can." -
Facebook Puts Deep Learning in the Palm of Your Hand (fortune.com)
Facebook has built a simple-looking video tool to show off a sophisticated use of artificial intelligence on cell phones. From a report on Fortune: During an event at its office in Menlo Park, Calif., last Friday afternoon, Facebook CTO Mike Schroepfer showed off software that takes a live Facebook video feed from a cell phone and converts the image in real time into a selection of artistic styles, such as that of Van Gogh. It might sound like a simple filter, but usually, an algorithm of this nature would need to send that type of information back to a server in a data center to process the pixels on more powerful machines. The Facebook crew crafted a less power-hungry and computing-intensive deep learning system they call "Caffe2Go," that uses the computing power in a cell phone. Facebook's Schroepfer showed the algorithm and other applications of artificial intelligence at the Web Summit conference in Lisbon, Portugal on Tuesday. Last Friday, he called the system a "pretty big leap" and "a real neural net running on a phone in real time." -
Steve Ballmer Says Smartphones Came Between Him and Bill Gates (fortune.com)
Steve Ballmer once said Apple's iPhone would flop because it cost too much -- though he now admits that he failed to anticipate carriers subsidizing the cost of the phone. But that was only the beginning. An anonymous reader quotes Fortune: The former CEO of Microsoft says he and Gates drifted apart over Microsoft's move into the hardware business in the early 2010s, according to Bloomberg. Ballmer says he was the one who pushed for Microsoft to design smartphones and tablets at a time when Apple was already well established. He says Gates and the board seemed reluctant to do so. "There was a fundamental disagreement about how important it was to be in the hardware business," Ballmer told Bloomberg. "I had pushed Surface. The board had been a little -- little reluctant in supporting it. And then things came to a climax around what to do about the phone business."
Microsoft eventually took a $900 million write down for its first tablet, the Surface RT -- plus most of the value of their $9.5 billion acquisition of Nokia Oyj's handset unit as Microsoft pushed into hardware. "Ballmer's only regret: not doing it sooner," Bloomberg reports, adding that Surface is now profitable and this year will generate more than $4 billion in sales. -
Tesla Adds An All-Glass Roof Option For Its Model S (fortune.com)
Elon Musk has had roofs on his mind lately. Last week, Musk unveiled the residential "solar roof," consisting of glass roof tiles with integrated solar panels. Today, he announced that customers will be able to add a glass roof to the Model S sedan for an extra $1,500. Tesla said that the glass roof can give passengers the feeling of "an open expansive cabin" that makes the Model S interior "feel amazing." Fortune reports: The move is another example of how Tesla continues to add new features and technology to its four-year-old vehicle, the second to debut in its growing lineup. In particular, Tesla has routinely updated the Model S with technology that has also been available in more recent car models. For example, the company's upcoming fourth car, the Model 3, will come with a glass roof. The new glass roof option also shows off Tesl'a new investment in automotive glass technology. Earlier this week Musk revealed that the company had created an automotive glass division. In the tweet on Friday, Musk said that the Model S glass roof was "very hard to develop."