Domain: wsj.com
Stories and comments across the archive that link to wsj.com.
Stories · 1,821
-
Alexa, Siri and Google Assistant Desperately Want To Help You Do Your Routine -- But it Takes Too Much Programming and There Are Still Too Many Holes (wsj.com)
Google's Assistant and Amazon's Alexa are rapidly increasing their reach, and Apple's Siri is supposedly getting smarter. But all of these AI assistants are still too clumsy in day to day. David Pierce, writing for WSJ: My virtual assistant desperately wants to help me. Google Assistant, Amazon's Alexa, Apple's Siri -- even Samsung's Bixby and others -- have begun allowing users to set up "routines" that combine many actions into a single command. Shout "OK Google, good morning!" at your smart speaker and it can (in theory) open the blinds, turn on the lights, show you traffic and your calendar and turn on NPR. Tell Alexa to start a dance party, and watch it turn on the disco ball and fire up the "Glitter and Glowsticks" playlist. These routines embody what virtual assistants are meant to do, connecting all our gadgets and services and making everything work together. All you have to do is ask. And maybe not even that -- these tools aim to get to know you so well, they'll anticipate your needs. But these multistep systems are complicated to create, and they often require buying "smart" accessories and memorizing specific phrases.
In most cases, voice-controlled assistants have hit a wall where they perform a specific set of tasks well and not much else. They may be crazy ambitious, but they aren't ready to take on real work. If you are willing to do some finagling, there are already ways to make your devices and services work together better. Tools like IFTTT and Zapier let you connect web services, so you can automatically save every photo you share on Instagram into a Dropbox folder, or file your sales contacts into a spreadsheet. [...] All these tools offer sample routines, and I recommend trying a few. If you want to create a specific routine from scratch, just know: It's hard. It feels like putting together Ikea furniture without the instructions -- most of the pieces are there, but good luck building something that stands up. [...] A sufficiently smart home should observe and adapt to your needs. That kind of proactive, thoughtful help is a long way off. It will require computers that understand far more about us than they do now. -
FBI Investigating Fake Texts Sent To GOP House Members (wsj.com)
The Federal Bureau of Investigation is investigating fake text messages sent to some House Republican lawmakers from someone impersonating a top aide to Vice President Mike Pence, WSJ reported. From the report: Several House Republicans have received the texts, and at least one member has been repeatedly engaging with the imposter, who posed as Alyssa Farah, Mr. Pence's press secretary and a former House staffer, one of the people said. A person familiar with the fake texts said the messages sought the whereabouts of certain lawmakers and their availability for meetings. Rep. Liz Cheney (R., Wyo.), the House Republican conference chairwoman, has been made aware of the fake texts and referred the matter to the House Sergeant at Arms office, a spokesman for Ms. Cheney said. -
Miners Say They Dig AI But the Gold Rush Hasn't Come (wsj.com)
An anonymous reader shares a report: The chairman of Barrick Gold Corp made a bold prediction in late 2017: With the help of artificial intelligence and other digital tools, the world's largest gold miner would become a technology company that just happened to be in mining. A year later, Barrick has parted ways with its chief innovation officer, chief digital officer and many of the team tasked with making this transformation a reality, according to people familiar with the matter.
The revolution in machine learning, as predicted by Barrick Chairman John Thornton and other mining executives, has yet to come. Miners have said digital technologies like artificial intelligence, or AI, will revolutionize one of the world's oldest industries in the same way it has changed other businesses, from retail to hailing a cab. Some experts say the promise of AI in mining has been overhyped and progress has been slow. Companies, including Barrick and giants such as Rio Tinto and BHP Group, are running some AI-led projects. But implementation at some companies has hit cultural hurdles. Executives haven't always engaged, projects have taken longer than expected and companies have turned to other ways to modernize operations. -
Popular App Weather Forecast Collects Too Much User Data and is Attempting To Subscribe Some Users To Paid Services Without Permission (wsj.com)
A popular weather app built by a Chinese tech conglomerate has been collecting an unusual amount of data from smartphones around the world and attempting to subscribe some users to paid services without permission, according to a London-based security firm's research. From a report: The free app, one of the world's most-downloaded weather apps in Google's Play store, is from TCL Communication Technology Holdings, of Shenzhen, China. TCL makes Alcatel- and BlackBerry -branded phones, while a sister company makes televisions. The app, called "Weather Forecast --World Weather Accurate Radar," collects data including smartphone users' geographic locations, email addresses and unique 15-digit International Mobile Equipment Identity (IMEI) numbers on TCL servers in China, according to Upstream Systems, the mobile commerce and security firm that found the activity. Until last month, the app was known as "Weather -- Simple weather forecast."
The weather app also has attempted to surreptitiously subscribe more than 100,000 users of its low-cost Alcatel smartphones in countries such as Brazil, Malaysia and Nigeria to paid virtual-reality services, according to Upstream Systems. The security firm, which discovered the activity as part of its work for mobile operators, said users would have been billed more than $1.5 million had it not blocked the attempts. -
Trump's Tech Battle With China Roils Bill Gates Nuclear Venture (wsj.com)
Add Bill Gates to the list of executives whose businesses have been ensnared by the Trump administration's battle with China over technology and trade. From a report: The tech tycoon and philanthropist said in an essay posted late last week that a nuclear-energy project in China by a company he co-founded called TerraPower LLC is now unlikely to proceed because of recent changes in U.S. policy toward China [Editor's note: the link may be paywalled; alternative source]. That leaves TerraPower, which had been working on the China project for more than three years, scrambling for a new partner and uncertain where it might be able to run a pilot of the nuclear reactor it has been developing, according to company officials.
Mr. Gates, TerraPower's chairman, helped start and fund the Bellevue, Wash., company, which incorporated in 2008, in a long-term bid to make nuclear reactors smaller, less expensive and safer than current nuclear energy sources. The company has been developing something called a traveling-wave reactor, which uses depleted uranium as fuel, something that TerraPower says can improve safety and reduce costs. Regulatory restrictions and limited federal funding made building the facility in the U.S. difficult and led TerraPower to look for partners abroad, Chief Executive Chris Levesque said in an interview. -
As More Retailers Ban Paper Money, It's Making Things Awkward For Customers Without Plastic (wsj.com)
An anonymous reader shared a report: Sam Schreiber was mid-shampoo at a Drybar blow-dry salon in Los Angeles when someone from the front desk approached her stylist with an emergency: a woman was trying to pay for her blow-out with cash. "There was this beat of silence," says Ms. Schreiber, 33 years old. "She literally brought $40." More and more businesses like Drybar don't want your money -- the paper kind at least. It's making things awkward for those who come ill prepared. After all, you can't give back a hairdo, an already dressed salad or the two beers you already drank. The salad chain Sweetgreen has stopped accepting cash in nearly all its locations.
Most Dig Inns -- which serve locally sourced, healthy fast food -- won't take your bills either. Starbucks went cashless at a Seattle location in January, and at some pubs in the U.K., you can no longer get a pint with pound notes. The practice of not accepting cash has become popular enough to catch the attention of American lawmakers. [...] Despite the popularity of debit- and credit-card transactions, plenty of people do still pay for things with actual money. Cash represented 30% of all transactions and 55% of those under $10, according to a Federal Reserve survey of 2,800 people conducted in October 2017.
-
Plastic Water Bottles, Which Enabled a Drinks Boom, Now Threaten a Crisis (wsj.com)
Bottled water, which recently dethroned soda as America's most popular beverage, is facing a crisis. From a report: A consumer backlash against disposable plastic plus new government mandates and bans in places such as zoos and department stores have the world's biggest bottled-water makers scrambling to find alternatives. Evian this year pledged to make all its plastic bottles entirely from recycled plastic by 2025, up from 30% today and among the boldest goals in the industry. Executives at parent company Danone hope the move will help it regain market share and win over plastic detractors who are already pressuring the makers of straws, bags and coffee cups.
There's a big problem. The industry has tried and failed for years to make a better bottle. Existing recycling technology needs clean, clear plastic to make new water bottles, and bottled-water companies say low recycling rates and a lack of infrastructure have stymied supply. Danone, for its part, is betting the reputation of its flagship water brand on a new technology that claims to turn old plastic from things like dirty carpets and sticky ketchup bottles into plastic suitable for new water bottles. [...] Bottled-water sales have boomed in recent decades amid safety fears about tap water and a shift away from sugary drinks. Between 1994 and 2017, U.S. consumption soared 284% to nearly 42 gallons a year per person, according to Beverage Marketing Corp., a consulting firm. Further reading: Microplastics Found In 93 Percent of Bottled Water Tested In Global Study, and Amazon Wants To Curb Selling 'CRaP' Items it Can't Profit On, Like Bottled Water and Snacks: Report. -
Huawei Had a Deal To Give Washington Redskins Fans Free Wi-Fi, Until the Government Stepped In (wsj.com)
Two years after a congressional report labeled Huawei a national-security threat, the Chinese firm unexpectedly scored a big-name ally in Washington. It was the Redskins, the capital's National Football League franchise. Huawei reached an agreement in 2014 to beam Wi-Fi through the suites at the team's FedEx Field, in exchange for advertising in the stadium and during broadcasts. From a report: It was a marketing coup for a company hankering to beef up its meager U.S. business and boost its image inside the Beltway. But the deal didn't last long. A government adviser read about the partnership. He knew the FedEx Field suites were a frequent haunt for lawmakers and senior officials across many agencies. So he triggered an unofficial federal complaint to the Redskins, who quietly tore up the deal. That previously unreported backroom maneuver is an example of a yearslong effort by U.S. officials, often working outside formal channels, to blacklist the Chinese technology giant. Washington has since intensified the campaign and taken it mainstream, with Congress and federal agencies working this year to snuff out Huawei's small U.S. business and curtail its much bigger overseas ambition. Further reading: Huawei Exceeds 200 Million Smartphone Shipments, Setting Company Record. -
Climate Change Drives Fish Into New Waters, Remaking an Industry (wsj.com)
The catch is shifting northward as water temperatures rise, forcing crews to retool their boats and rework their businesses. From a report: Aboard the Stanley K and the Oracle, two 58-foot vessels, Buck Laukitis and his crews chase halibut across the Bering Sea worth $5 a pound at the docks. As sea temperatures rise, and Arctic ice retreats the fish appear to be avoiding warming waters, migrating northward where they cost more to reach, federal fisheries biologists say. Twice this past fall, the Oracle sailed 800 miles north from the seaport of Dutch Harbor in the Aleutian Islands, before finding the halibut that a decade ago lived several hundred miles closer to home. Each voyage took twice as long and yielded half as many fish. "It keeps me up at night," he says. "I woke up at three in the morning. I couldn't sleep thinking about where the fish are going."
Across the continent from Mr. Laukitis in Rhode Island, black sea bass have moved in with the warming waters. The bulk once lived roughly 700 miles south off North Carolina. Now they are a staple catch in Point Judith, R.I., along with the summer flounder that also have begun appearing. [...] The impact of climate change has a price, and for fishing-boat owners in sea ports, that means following the catch. The northward movement of fish around the world is disrupting some fishing grounds and revitalizing others -- and fishing businesses are trying to adapt their operations.
The impact of temperature on oceans is varied. As the atmosphere warmed in recent decades, oceans absorbed heat unevenly, causing marine hot spots that can last months, scientists say. Spikes of warmer water affect fisheries differently depending on ocean currents, ocean depth and seafloor topography. Higher temperatures mean less dissolved oxygen in the water while increasing a fish's demand for oxygen by speeding up its metabolism. Warming water may also favor predators or drive off species on which commercial fish feed. All told, warming ocean temperatures are pushing hundreds of marine species outside of their traditional ranges, ocean scientists say. -
SpaceX Raising $500 Million To Help Build Its 'Starlink' Satellite Broadband Network (cnbc.com)
According to the Wall Street Journal, SpaceX is raising a $500 million round of fundraising to help build its massive satellite internet project, called Starlink. "The new funding puts SpaceX's valuation at $30.5 billion," reports CNBC. "The report says the capital comes from existing shareholders as well as new investor Baillie Gifford, a Scottish investment firm." From the report: Starlink -- a name SpaceX filed to trademark last year -- is an ambition unmatched by any current satellite network. The company is attempting to build its own constellation of 4,425 broadband satellites, with another 7,518 satellites to come after. SpaceX will begin launching the constellation in 2019. The system will be operational once at least 800 satellites are deployed. Starlink would offer broadband speeds comparable to fiber optic networks.The satellites would provide direct-to-consumer wireless connections, rather the present system's redistribution of signals, transforming a traditionally high-cost, low reliability service. -
Amazon Wants To Curb Selling 'CRaP' Items it Can't Profit On, Like Bottled Water and Snacks: Report (wsj.com)
Amazon is rethinking its strategy around some items it sells which it calls internally "Can't realize a profit" -- or "CRaP" for short, according to the Wall Street Journal. From the report: Inside Amazon, the items are known as CRaP, short for "Can't Realize a Profit." Think bottled beverages or snack foods [Editor's note: the link may be paywalled; alternative source]. The products tend to be priced at $15 or less, are sold directly by Amazon, and are heavy or bulky and therefore costly to ship -- characteristics that make for thin or nonexistent margins. Now, as Amazon focuses more on its bottom line in addition to its rapid growth, it is increasingly taking aim at CRaP products, according to major brand executives and people familiar with the company's thinking.
In recent months, it has been eliminating unprofitable items and pressing manufacturers to change their packaging to better sell online, according to brands that sell on Amazon and consultants who work with them. One example: bottled water from Coca-Cola Co. Amazon used to have a $6.99 six-pack of Smartwater as the default order on some of its Dash buttons, a small device that allows for automatic reordering with a single press. But in August, after working with Coca-Cola to change how it ships and sells the water, Amazon notified Dash customers it was changing that default item to a 24-pack for $37.20. -
Emergence of Lab-Grown Meat Poses New Questions for Religious Leaders (wsj.com)
Lab-grown meat is becoming closer to a reality. But this new technology poses new questions for people who typically avoid meat for religious or ethical reasons. An anonymous reader shares a report: Lab-grown meat has sparked a debate among rabbis in Israel about whether cell-cultured is the same as conventional meat and should fall under the same guidelines for keeping kosher. "There is a disagreement about it and there is a conversation. Also, definitely, there are new questions about lab-meat," says Rabbi Yuval Cherlow, an expert on kosher tradition and bioethics. WSJ has posted a video in which you can hear more from Rabbi Cherlow. -
Chinese Hackers Breach US Navy Contractors (wsj.com)
Chinese hackers are breaching Navy contractors to steal everything from ship-maintenance data to missile plans, triggering a top-to-bottom review of cyber vulnerabilities, WSJ reported Friday, citing officials and experts. From the report: A series of incidents in the past 18 months has pointed out the service's weaknesses, highlighting what some officials have described as some of the most debilitating cyber campaigns linked to Beijing. Cyberattacks affect all branches of the armed forces but contractors for the Navy and the Air Force are viewed as choice targets for hackers seeking advanced military technology, officials said. Navy contractors have suffered especially troubling breaches over the past year, one U.S. official said. The data allegedly stolen from Navy contractors and subcontractors often is highly sensitive, classified information about advanced military technology, according to U.S. officials and security researchers. The victims have included large contractors as well as small ones, some of which are seen as lacking the resources to invest in securing their networks. One major breach of a Navy contractor, reported in June, involved the theft of secret plans to build a supersonic anti-ship missile planned for use by American submarines, according to officials. -
Amazon Fires Employees Over Data Leak As It Fights Seller Scams, Report Says (thehill.com)
After investigating claims that its employees are taking bribes to sell internal data to merchants to help them increase their sales on the site, Amazon has reportedly fired several employees involved in the scams. The Wall Street Journal reports that Amazon let go of several workers in the U.S. and India who allegedly inappropriately accessed company data that disreputable merchants had misused. The Hill reports: Amazon is focusing its internal bribery investigation on India, a person familiar with the effort told the paper. Some employees in India and China working as customer support have said that their access to an internal database that allows them to find data about specific product performance or trending keywords has been dramatically limited. Amazon has also deleted thousand of suspect reviews, restricted sellers' access to customer data on its platform, and quashed some methods to force the site to bring up certain products higher in search results, the people told the Journal. "We have strict policies and a Code of Business Conduct & Ethics in place for our employees. We implement sophisticated systems to restrict and audit access to information," the company wrote. "We hold our employees to a high ethical standard and anyone in violation of our Code faces discipline, including termination and potential legal and criminal penalties."
"In addition, we have zero tolerance for abuse of our systems and if we find bad actors who have engaged in this behavior, we will take swift action against them, including terminating their selling accounts, deleting reviews, withholding funds, and taking legal action," Amazon added. -
Start-Ups Aren't Cool Anymore (theatlantic.com)
A lack of personal savings, competition from abroad, and the threat of another economic downturn make it harder for Millennials to thrive as entrepreneurs. From a story: Research suggests entrepreneurial activity has declined among Millennials. The share of people under 30 who own a business has fallen to almost a quarter-century low, according to a 2015 Wall Street Journal analysis of Federal Reserve data. A survey of 1,200 Millennials conducted in 2016 by the Economic Innovation Group found that more Millennials believed they could have a successful career by staying at one company and attempting to climb the ladder than by founding a new one. Two years ago, EIG's president and co-founder, John Lettieri, testified before the U.S. Senate, "Millennials are on track to be the least entrepreneurial generation in recent history."
Some of the reasons have been well-documented. The romantic view of entrepreneurship involves angel investors and venture capital funds, but in fact, the ordinary entrepreneur is more likely to fund a start-up using personal savings -- something underemployed Millennials simply could not build as they entered the workforce during or in the immediate wake of the Great Recession. Funding from friends and family is the next most common source, but this personal network could not help much during the most recent economic downturn, when so much home equity was underwater. Student debt worsened the underlying economic problems. According to a report by the Federal Reserve Bank of New York, between 2004 and 2014, the number of student borrowers rose by 89 percent.
Lately, though, it seems that even those who might typically have access to other forms of funding, like venture capital, are having a hard time getting investors' attention. As Matt Krisiloff, a former director at the Y Combinator start-up accelerator in Silicon Valley, tweeted, "Start-ups are a lot less cool than they used to be." Michael Sadler, an economist at the University of Texas at Austin, is concerned about the rising concentration of start-up investment in just a few super-performing regions such as Austin, New York, and Silicon Valley. As with American politics, it appears the geography of U.S. venture capital and economic growth has become increasingly polarized. -
The Future of Television? Binge-Watching is Only the Beginning (wsj.com)
With providers like Netflix, Hulu and Amazon, and more creative risks, network leaders are placing bets on how audience experience will evolve [Editor's note: the link may be paywalled]. From a report: "What might we see coming down the road?" says Beau Willimon, creator of The First, Hulu's sci-fi drama starring Sean Penn and Natascha McElhone. "Perhaps like [the characters] in my new show, we're all wearing augmented reality glasses, and we're experiencing television shows in a more intimate way -- a way that feels much more experiential than simply watching it on a rectangle."
[...] Television, as most people have known it for most of their lives, is no more. "At some point you'll get to a place where thinking about television from a linear standpoint will be like dial-up internet," says Hulu CEO Randy Freer. "It's a great time for content; not a great time for cable networks. I think what will happen is: Cable networks that have been able to create brands for themselves will have an opportunity to expand and figure out how they present to consumers."
Cable networks with a clear identity have a critical advantage in a subscription-based world, while networks with less-defined name recognition -- those that have been just another channel in the cable lineup -- will likely find it hard to entice the growing ranks of broadband-only consumers to buy an a la carte monthly subscription service. HBO is moving into the new era. "In the domestic market of the United States, where there is a surfeit of content more than ever, I personally think that brands matter more than ever," says HBO chairman and CEO Richard Plepler. -
Amazon Tests Its Cashierless Technology for Bigger Stores (wsj.com)
Online giant tries to overcome challenges caused by retail spaces with higher ceilings, more products. From a report: Amazon.com is testing its cashierless checkout technology for bigger stores [alternative source] , according to people familiar with the matter. If successful, the strategy would further challenge brick-and-mortar retailers racing to make their businesses more convenient. The online retail giant is experimenting with the technology in Seattle in a larger space formatted like a big store, the people said. The systems track what shoppers pick from shelves and charges them automatically when they leave a store.
Although the technology functions well in its current small-store format, it is harder to use it in bigger spaces with higher ceilings and more products, one of the people said, meaning it could take time to roll out the systems at more larger stores. It is unclear whether Amazon intends to use the technology for Whole Foods, although that is the most likely application if executives can make it work, according to the people. Amazon has previously said it has no plans to add the technology to Whole Foods. -
Proposed Regulations Would Allow the Majority of US Homes To Be Bought and Sold Without Being Appraised by a Human (wsj.com)
Federal regulators have proposed loosening real-estate appraisal requirements to enable a majority of U.S. homes to be bought and sold without being evaluated by a licensed human appraiser [the link may be paywalled; alternative source]. That potentially opens the door for cheaper, faster, but largely untested property valuations based on computer algorithms. From a report: The proposal was made earlier this month by the Office of the Comptroller of the Currency, the Federal Deposit Insurance. and the Federal Reserve. It would increase to $400,000, from $250,000, the value of homes that can be bought and sold without a tape-measure-toting appraiser visiting a property.
More than two-thirds of U.S. homes sell for $400,000 or less, according to U.S. Census data and the National Association of Realtors. If the regulators' proposal had been in force last year, about 214,000 additional home sales, or some $68 billion worth, could have been made without an appraisal, regulators said in their 69-page proposal.
Some worry, though, that dropping appraisal requirements would introduce new risks into the $10.7 trillion market for home loans. "We still would prefer a human being doing the appraisal," said Lima Ekram, a mortgage-backed securities analyst at Moody's Investors Service. One issue: Automated valuations done by computers are largely unregulated. The 2010 Dodd-Frank financial overhaul required regulators to propose quality control standards for so-called automated valuation models, but they have yet to do so. -
Trump Agrees Not To Raise Tariff Levels on Chinese Goods; China Agrees To US Purchases. Two Sides To Start Broader Negotiations. (wsj.com)
U.S. President Donald Trump and Chinese President Xi Jinping agreed Saturday to keep their trade war from escalating with a promise to temporarily halt the imposition of new tariffs [the link may be paywalled; alternative source], as the world's two largest economies negotiate a lasting agreement. China also agreed to further market opening, its foreign minister said. In a statement, White House said the U.S. had agreed not to increase tariffs on Chinese goods to 25% on Jan. 1. From a report: The truce between the U.S. and China emerged after a highly anticipated dinner Saturday between Trump and Xi on the sidelines of the Group of 20 summit in Argentina. The leaders agreed to stop the introduction of new tariffs and intensify their trade talks, Chinese Foreign Minister Wang Yi told reporters hours later in Buenos Aires. The White House called the meeting "highly successful," saying the U.S. will leave existing tariffs on $200 billion of Chinese goods at 10 percent and refrain from raising that rate to 25 percent as planned on Jan. 1. In exchange, the U.S. wants an immediate start to talks on Trump's biggest complaints about Chinese trade practices: intellectual property theft, non-tariff barriers and cyber theft. After 90 days, if there's no progress on structural reform, the U.S. will raise those tariffs to 25 percent, White House Press Secretary Sarah Huckabee Sanders said in a statement. China also agreed to boost its purchases of agricultural and industrial goods to reduce its trade imbalance with the U.S., she said. -
NYC Politician Wants To Ban Cashless Restaurants (eater.com)
If New York City Council Member Ritchie J. Torres has his way, the growing trend of cashless restaurants -- establishments that accept payment only in plastic and digital forms -- will be snuffed out. From a report: Torres plans to introduce legislation before his fellow city council members that, if passed, would levy fines on any local businesses that refused to accept paper currency. "I started coming across coffee shops and cafes that were exclusively cashless and I thought: But what if I was a low-income New Yorker who has no access to a card?" he says in a Q&A with Grub Street. "I thought about it more and realized that even if a policy seems neutral in theory, it can be racially exclusionary in practice. Therein lies the problem with card-only policies. I see it as a way to gentrify the marketplace."
Torres believes the cashless business model is inherently classist and racist, as it excludes anyone who might not be able to afford smartphones loaded with digital currency such as Apple Pay or qualify for credit cards, let alone the roughly 22 million Americans who do not have bank accounts. "If you're intent on a cashless business model, it will have the effect of excluding lower-income communities of color from what should be an open and free market," he tells Grub Street. In 2009 Wall Street Journal story, Tony Zazula, co-owner of now-shuttered Commerce in New York City, explained, pretty much, yes, that's right. -
US Life Expectancy Falls Further (cnn.com)
The Centers for Disease Control and Prevention (CDC) on Thursday released data that shows life expectancy fell by one-tenth of a year, to 78.6 years (Warning: source paywalled; alternative source), pushed down by the sharpest annual increase in suicide in nearly a decade and a continued rise in deaths from opioid drugs. "Influenza, pneumonia and diabetes also factored into last year's increase," The Wall Street Journal adds. From the report: Economists and public-health experts consider life expectancy to be an important measure of a nation's prosperity. The 2017 data paint a dark picture of health and well-being in the U.S., reflecting the effects of addiction and despair, particularly among young and middle-aged adults, as well as diseases plaguing an aging population and people with lower access to health care. The U.S. has lost three-tenths of a year in life expectancy since 2014, a stunning reversal for a developed nation, and lags far behind other wealthy nations. Life expectancy is 84.1 years in Japan and 83.7 years in Switzerland, first and second in the most-recent ranking by the Organization for Economic Cooperation and Development. The U.S. ranks 29th.
White men and women fared the worst, along with black men, all of whom experienced increases in death rates. Death rates rose in particular for adults ages 25 to 44, and suicide rates are highest among people in the nation's most rural areas. On the other hand, deaths declined for black and Hispanic women, and remained the same for Hispanic men. As drug and suicide mortality has risen, deaths from heart disease, the nation's leading killer, went down only slightly, failing to offset the increases in mortality from other causes and prolonging another worrisome trend. -
New Parents Complain Amazon Baby-Registry Ads Are Deceptive (wsj.com)
Unwanted gifts arrive after friends click on promotions tucked into wish lists. From a report: Kima Nieves recently received two Aveeno bath-time sets and a box of Huggies diapers through her baby registry on Amazon. The only problem? The new mother didn't ask for the products, or even want them. Instead, Johnson & Johnson and Kimberly-Clark each paid Amazon.com hefty sums to place those sponsored products onto Ms. Nieves's and other consumers' baby registries. The ads look identical to the rest of the listed products in the registry, except for a small gray "Sponsored" tag. Unsuspecting friends and family clicked on the ads and purchased the items, assuming Ms. Nieves had chosen them. "Very sneaky," said the 28-year-old health-care analyst from Fredericksburg, Va. "That's friends' and family's money going somewhere we didn't approve of."
Amazon in recent years has charged into advertising, building the third-largest digital ad business in the U.S. after Alphabet's Google and Facebook, according to eMarketer. Its ad revenue is on pace to double this year, to $5.8 billion, eMarketer estimates. As Amazon has monetized more space on its website, shoppers are increasingly encountering sponsored ads. Amazon is "starting to see how far they can push things," said Harry Brignull, a U.K.-based consultant who specializes in spotting web-design tactics that get people to click on something. Amazon's sponsored ads have appeared in its baby registries for more than a year. Responding to a Wall Street Journal inquiry about the ads, an Amazon spokeswoman declined to comment on criticism that the ads are deceptive, but said the retailer is now phasing out the sponsored listings. "We're constantly experimenting with new ways to improve the shopping experiences for customers," she said. -
New Parents Complain Amazon Baby-Registry Ads Are Deceptive (wsj.com)
Unwanted gifts arrive after friends click on promotions tucked into wish lists. From a report: Kima Nieves recently received two Aveeno bath-time sets and a box of Huggies diapers through her baby registry on Amazon. The only problem? The new mother didn't ask for the products, or even want them. Instead, Johnson & Johnson and Kimberly-Clark each paid Amazon.com hefty sums to place those sponsored products onto Ms. Nieves's and other consumers' baby registries. The ads look identical to the rest of the listed products in the registry, except for a small gray "Sponsored" tag. Unsuspecting friends and family clicked on the ads and purchased the items, assuming Ms. Nieves had chosen them. "Very sneaky," said the 28-year-old health-care analyst from Fredericksburg, Va. "That's friends' and family's money going somewhere we didn't approve of."
Amazon in recent years has charged into advertising, building the third-largest digital ad business in the U.S. after Alphabet's Google and Facebook, according to eMarketer. Its ad revenue is on pace to double this year, to $5.8 billion, eMarketer estimates. As Amazon has monetized more space on its website, shoppers are increasingly encountering sponsored ads. Amazon is "starting to see how far they can push things," said Harry Brignull, a U.K.-based consultant who specializes in spotting web-design tactics that get people to click on something. Amazon's sponsored ads have appeared in its baby registries for more than a year. Responding to a Wall Street Journal inquiry about the ads, an Amazon spokeswoman declined to comment on criticism that the ads are deceptive, but said the retailer is now phasing out the sponsored listings. "We're constantly experimenting with new ways to improve the shopping experiences for customers," she said. -
Amazon Starts Selling Software To Mine Patient Health Records (wsj.com)
An anonymous reader quotes a report from The Wall Street Journal: Amazon is starting to sell software to mine patient medical records (Warning: source paywalled; alternative source) for information that doctors and hospitals could use to improve treatment and cut costs, the latest move by a big technology company into the health care industry. The software can read digitized patient records and other clinical notes, analyze them and pluck out key data points, Amazon says. The company is expected to announce the launch Tuesday. Amazon Web Services, the company's cloud-computing division, has been selling such text-analysis software to companies outside medicine for use in areas such as travel booking, customer support and supply-chain management. The technology's health-care application is the newest effort by Amazon to tap into the lucrative market.
Amazon officials say the company's software developers trained the system using a process known as deep learning to recognize all the ways a doctor might record notes. "We're able to completely, automatically look inside medical language and identify patient details," including diagnoses, treatments, dosage and strengths, "with incredibly high accuracy," said Matt Wood, general manager of artificial intelligence at Amazon Web Services. During testing, the software performed on par or better than other published efforts, and can extract data on patients' diseases, prescriptions, lab orders and procedures, said Taha Kass-Hout, a senior leader with Amazon's health-care and artificial intelligence efforts. The project is called Amazon Comprehend Medical, which "allows developers to process unstructured medical text and identify information such as patient diagnosis, treatments, dosages, symptoms and signs, and more," according to a blog post. Dr. Kass-Hout says Amazon Web Services won't see the data processed by its algorithms, "which will be encrypted and unlocked by customers who have the key," reports WSJ. -
Trump Suggests US Could Slap 10 Percent Tax On iPhones, Laptops From China (cnbc.com)
An anonymous reader quotes a report from CNBC: President Donald Trump suggested he could place a 10 percent tariff on iPhones and laptops imported from China, in an interview with the Wall Street Journal published Monday. He also said it's "highly unlikely" that he would delay an increase in tariffs from 10 percent to 25 percent on Jan. 1, just four days before a summit with Chinese President Xi Jinping. "Maybe. Maybe. Depends on what the rate is," the president said to The Wall Street Journal about the possible iPhone and laptop tariffs. "I mean, I can make it 10 percent, and people could stand that very easily." -
The People of Ohio Can Now Pay Their Taxes in Bitcoin (qz.com)
Starting this week, businesses in Ohio will be able to pay taxes in bitcoin through a new platform, OhioCrypto.com, a first in the US. From a report: For many enthusiasts, part of the appeal of crypto has been the very fact that these currencies are not backed by governments. That makes it harder for politicians to manipulate currencies to their own ends, they say. But for the same reason, states have sought to sideline cryptocurrencies, comfortable to dismiss bitcoin as a passing fad. So Ohio, and its treasurer Josh Mandel, see embracing them as a way to signal that the state is tech-savvy and forward-thinking. "I do see [bitcoin] as a legitimate form of currency," Mandel told (paywall) the Wall Street Journal. -
What's the Next Big Thing in Tech? It's Up To Us (wsj.com)
If it feels like new technologies go from flights of fancy to billion-dollar businesses faster than ever, that's because they do. From a column (which may be paywalled): Consider that Uber, founded in 2009, started allowing drivers to sign up with their own cars in 2013. Five short years later, the company operates in more than 70 countries and competes with dozens of copycats. It's considering going public in 2019 at a potential valuation of $120 billion, which would make it the biggest IPO in U.S. history by far. When novel software can go from hackathon to app store overnight, and even complex hardware can hit manufacturing lines in months, the determining factor of success is us -- as consumers, workers, even regulators. If the pitch works and we bite, a technology can quickly transform our social norms.
At the WSJ Tech D. Live conference in Laguna Beach, Calif., this week, what became apparent across dozens of talks, classes and informal chats is that, when almost anything we can dream up is possible, the most important factors in the spread of technology are now cultural. Not every new development in technology leads to an Uber-scale industry, of course, but here are five trends that highlight this shift. China's success in addressing tech needs at home has made it a global leader. As Google struggles with walkouts and morale at Facebook craters, many workers at Chinese startups are so committed to their work that they've adopted a grueling schedule called 996 -- 9 a.m. to 9 p.m., six days a week. In 2018, China will eclipse the U.S. in spending on R&D, projects the National Science Board.
Patrick Collison, chief executive of Stripe, talked about how much of Asia is leapfrogging the West because there isn't tons of old infrastructure -- like gas-guzzling car fleets -- to update, so the latest technology catches on right away. In China, this is especially true in payments, which are now overwhelmingly made through mobile phones. The world's leading face-recognition and drone companies are in China, and its electric-vehicle, autonomous-driving and AI companies are already on par with their U.S. counterparts, said Kai-Fu Lee, former president of Google China and current head of technology-investment firm Sinovation Ventures. China's mission rests on techies dedicated to building the future for its billion-plus population -- achieving global technological dominance en route. -
Apple To Drop iPhone XR Price in Japan Amid Weak Sales (wsj.com)
A month after Apple's new iPhone XR release, the company is set to discount the device in Japan, The Wall Street Journal reports. From the report: Less than a month after releasing the iPhone XR, Apple is moving to offer subsidies to mobile-network operators in Japan to shore up sales of its least expensive new smartphone, people familiar with the matter said. The de facto discount of the handset, coupled with cuts in production plans, are a sign of limited enthusiasm among consumers for the model, which has fewer features than Apple's other two new releases and costs more than still-popular older models like the iPhone 8. -
Some Amazon Employees Bought NYC Condos Before News of HQ2 Location Emerged, Says WSJ Report (thehill.com)
An anonymous reader quotes a report from The Hill: At least two Amazon employees reportedly purchased condos in a New York City neighborhood before news emerged that the area had been picked to host the company's second headquarters. The employees decided to buy units in a new 11-story condo building in the Long Island City neighborhood of Queens just before the first reports of Amazon's HQ2 location were released this month, The Wall Street Journal reported Tuesday. While employees of companies are barred from buying or selling stocks based on information that has not yet been made public, lawyers told the Journal that they were unaware of any such ban affecting real estate transactions. There are no exact numbers on how many units have gone into contract in the Long Island City area since the announcement, but the Journal reports that one brokerage firm sold nearly 150 units just last week, 15 times its normal volume. Earlier this month, Amazon announced plans to split its second headquarters evenly between New York's Long Island City and Arlington County's Crystal City neighborhoods. -
Samsung's Upcoming Galaxy S Phone Will Sport Six Cameras and Support 5G, Report Says (wsj.com)
Samsung is planning a major upgrade for its 10th anniversary flagship phones next year, including next-generation 5G network speeds, bigger screens and more cameras, The Wall Street Journal reported Tuesday, citing people familiar with the matter. From the report: Samsung, the world's largest smartphone maker by volume, is preparing three versions of its next flagship Galaxy S10 smartphone, with displays that range in size from 5.8 inches to 6.4 inches, the people said, versus two variants in previous years. Those three phones are set to debut in February next year, they added. In addition, the South Korean technology giant is developing a fourth variant of the Galaxy S10 that will be 5G-enabled and is internally code-named "Beyond X," [Editor's note: the link may be paywalled; alternative source] some of these people said.
The 5G phone, slated for a spring release in the U.S. and South Korea, would sport an even larger screen, measuring 6.7 inches diagonally, and pack in a whopping six cameras -- two in the front and four in the back, these people said, which promise richer photos and better spatial perception. -
Justice Department Is Preparing To Prosecute WikiLeaks Founder Julian Assange (wsj.com)
According to the Wall Street Journal, "the Justice Department is preparing to prosecute WikiLeaks founder Julian Assange (Warning: source paywalled; alternative source) and is increasingly optimistic it will be able to get him into a U.S. courtroom." From the report: Over the past year, U.S. prosecutors have discussed several types of charges they could potentially bring against Mr. Assange, the people said. Mr. Assange has lived in the Ecuadorean embassy in London since receiving political asylum from the South American country in 2012. The people familiar with the case wouldn't describe whether discussions were under way with the U.K. or Ecuador about Mr. Assange, but said they were encouraged by recent developments.
Prosecutors have considered publicly indicting Mr. Assange to try to trigger his removal from the embassy, the people said, because a detailed explanation of the evidence against Mr. Assange could give Ecuadorean authorities a reason to turn him over. The exact charges Justice Department might pursue remain unclear, but they may involve the Espionage Act, which criminalizes the disclosure of national defense-related information. -
The Real Reason Palmer Luckey Was Fired From Facebook (zdnet.com)
ZDNet's Steven J. Vaughan-Nichols argues that the founder of Oculus, Palmer Luckey, wasn't fired because of his political views, as a recently-published Wall Street Journal article suggests, but because the virtual-reality company lost a $500 million intellectual property theft case to game maker ZeniMax. An anonymous reader shares the report: According to The Wall Street Journal, Palmer Luckey, the founder of Oculus, a virtual reality company, was fired by Facebook because "he donated $10,000 to an anti-Hillary Clinton group" during the 2016 U.S. Presidential campaign. But the article fails to mention a simple little fact: On Feb. 1, 2017, Oculus lost an intellectual property (IP) theft case against game maker ZeniMax, to the tune of $500 million. So, if one of your employees just cost your company a cool half-billion bucks for doing wrong what would you do? Well, Facebook isn't saying, even now, but on March 30, 2017, it let Luckey go.
Yes, Luckey also lied about his political moves, which went well beyond donating to an anti-Hillary billboard campaign. But let's look at the record. Everyone knew he'd lied by Feb. 22, 2016. Was he fired then? No. Was he fired after being found guilty of stealing ZeniMax's trade secrets? Yes. Officially, Facebook stated: "All details associated with specific personnel matters are kept strictly confidential. This is our policy for all employees, no matter their seniority. But we can say unequivocally that Palmer's departure was not due to his political views." Let me spell it out for you: He made some political waves. Nothing happened. He cost Facebook $500 million. He was fired. Can anyone here seriously not draw the lines between the dots? -
What Your Phone is Telling Wall Street (wsj.com)
Your phone knows where you shop, where you work and where you sleep. Hedge funds are very interested in such data, so they are buying it. From a report: When Tesla Chief Executive Elon Musk said the car maker would work around the clock to boost production of its Model 3 sedan, the number crunchers at Thasos Group decided to watch. They circled Tesla's 370 acres in Fremont, Calif., on an online map, creating a digital corral to isolate smartphone location signals that emanated from within it. Thasos, which leases databases of trillions of geographic coordinates collected by smartphone apps, set its computers to find the pings created at Tesla's factory, then shared the data with its hedge-fund clients [Editor's note: the link may be paywalled; alternative source], showing the overnight shift swelled 30% from June to October.
Last month, many on Wall Street were surprised when Tesla disclosed a rare quarterly profit, the result of Model 3 production that had nearly doubled in three months. Shares shot up 9.1% the next day. Thasos is at the vanguard of companies trying to help traders get ahead of stock moves like that using so-called alternative data. Such suppliers might examine mine slag heaps from outer space, analyze credit-card spending data or sort through construction permits. Thasos's specialty is spewing out of your smartphone.
Thasos gets data from about 1,000 apps, many of which need to know a phone's location to be effective, like those providing weather forecasts, driving directions or the whereabouts of the nearest ATM. Smartphone users, wittingly or not, share their location when they use such apps. Before Thasos gets the data, suppliers scrub it of personally identifiable information, Mr. Skibiski said. It is just time-stamped strings of longitude and latitude. But with more than 100 million phones providing such coordinates, Thasos says it can paint detailed pictures of the ebb and flow of people, and thus their money.
-
Facebook Follows Google To End Mandatory Arbitration For Sexual-Harassment Claims (cnbc.com)
An anonymous reader quotes a report from CNBC: Facebook on Friday became the latest tech company to end a policy of requiring employees to settle claims of sexual harassment through private arbitration, according to a report by the Wall Street Journal. It will now allow employees to take these types of claims to court. Tech companies have long used arbitration as a method for handling instances of sexual harassment to prevent employees from suing them in court, but that's starting to change. Facebook's move comes shortly after a similar move this week by Google, which came after thousands of its employees walked out in protest last week over its handling of sexual harassment complaints. Additionally, Facebook changed its policy on office dating and will now require employees who are director level or higher to disclose if they are dating a colleague, the report said. Previously, the company only required disclosure if an employee was dating someone they supervised, according to the report. -
There Are Way Too Many Streaming Services
Cord-cutting promised us that we won't have to pay the ludicrously large cable bills. But it turns out, as long as you do not just want to watch a very limited set of movies and TV shows, you will have to subscribe to any number of these services: Netflix, Amazon Prime Video, HBO Go, Hulu, and Disney+ (and more.) For some living outside the US, the situation has become even more dire as they browse through as many as three dozen services. This, in addition to making watching TV expensive, is also creating a number of other confusions. No wonder piracy is on rise again. -
Foxconn Denies Looking To Transfer Chinese Workers To Incoming Wisconsin Factory (theverge.com)
A Wall Street Journal article published this morning reported that Foxconn is looking to transfer some of its Chinese workers to Wisconsin in time for its new factory opening in Racine. The article says that these workers would likely be engineers and would fill a gap in prospective talent due to a tight labor market. Foxconn has since denied these claims. The Verge reports: In a comment to Gizmodo, Foxconn denied that it was recruiting Chinese workers. The company said: "We can categorically state that the assertion that we are recruiting Chinese personnel to staff our Wisconsin project is untrue. Our recruitment priority remains Wisconsin first and we continue to focus on hiring and training workers from throughout Wisconsin. We will supplement that recruitment from other U.S. locations as required."
In November 2017, Wisconsin pledged $3 billion in subsidies for the Taiwan-based company if it opted to open the factory in Wisconsin. In return, Foxconn said it would create 13,000 jobs and invest $10 billion. (The state subsidy came out to $230,000 per job.) The Wall Street Journal report suggests that the company is struggling to find qualified engineers in the area, though, as the unemployment rate in the state reached a record low at 3 percent, along with a recent national low at 3.7 percent. -
Tencent Will Soon Require Chinese Users To Present IDs To Play Its Video Games (theverge.com)
China's Tencent will soon require gamers to prove their ages and identities against police records, according to a new official statement yesterday. Under the new system, users will need to register their Chinese national IDs in order to play any games from Tencent. The Verge reports: Ten mobile games will get the new verification system by the end of the year, and all games offered by Tencent, including PlayerUnknown's Battlegrounds and League of Legends, will get the system by 2019. Tencent has been criticized by state-run People's Daily, which called Arena of Valor "poison," after reports that students were ditching their homework to play the mobile game.
Tencent has also faced direct regulatory pressure this summer, after President Xi Jinping pointed out that too many children were nearsighted and said the government was taking action. Beijing officially ruled to ban new games, cementing an unofficial pause that started back in March, costing Tencent up to $1.5 billion in lost revenue as it was unable to launch games it had been developing. In September, Tencent imposed the new verification system on Arena of Valor and created a feature that blurs the screen if minors look too closely at it. The new system simply enforces rules that Tencent had in place since last year: barring gamers who are 12 and under from playing more than an hour a day and establishing a curfew of 9PM. Those who are 13 to 18 can play up to two hours a day. Still, the system won't prevent minors from borrowing the phones of their parents and other adults. -
Amazon Plans To Split HQ2 Evenly Between Two Cities, Report Says (wsj.com)
Amazon plans to split its second headquarters evenly between two locations rather than picking one city for HQ2, WSJ reported Monday, citing a person familiar with the matter, a surprise decision that will spread the impact of a massive new office across two communities. From the report: The driving force behind the decision to build two equal offices in addition to the company's headquarters in Seattle is recruiting enough tech talent, according to the person familiar with the company's plans. The move will also ease potential issues with housing, transit and other areas where adding tens of thousands of workers could cause problems. [...] The report, published Monday, did not specify the locations Amazon is exploring, but on Sunday, the newspaper had reported that the ecommerce giant was in late-stage discussions with Crystal City in Virginia, Dallas and New York City. [The aforementioned link may be paywalled; here's an alternative source.] -
America Braces For Daylight Saving Time - And Missing Medical Records (usatoday.com)
"One hundred years after Congress passed the first daylight saving legislation, more and more people are doubting the wisdom of changing the clocks," writes PBS, noting that it actually makes Americans use more electricity and consume more gasoline.
"If you can find anyone who supports this, they're probably just trolling you," writes Inc magazine's contributor editor, adding "Literally everyone hates it... It's almost impossible to find anyone who still supports this insane, anachronistic idea, which is leftover from a German coal conservation idea during World War I, and our heck-we'll-try-anything panic during the energy crisis of the 1970s." In fact, one study found that while consumer spending increases a bit at the start of daylight savings, it drops a full 3.5 percent in the wrong direction when it ends. (Which will happen tonight in most U.S. states at 2:00 a.m.)
And now USA Today points out that hospital software "still can't handle daylight saving time: Epic Systems, one of the most popular electronic health records software systems used by hospitals, can delete records or require cumbersome workarounds when clocks are set back for an hour -- prompting many hospitals to opt for paper records for part of the night shift. And it happens every year... Dr. Steven Stack, a past president of the American Medical Association, called the glitches "perplexing" and "unacceptable," considering that hospitals spend millions of dollars on these systems, and Apple and Google seem to have dealt with seasonal time changes long ago...
Carol Hawthorne-Johnson, an intensive care unit nurse in California, said her hospital doesn't shut down the Epic system during the fall time change. But she's come to expect that the vital signs she enters into the system from 1 a.m. to 2 a.m. Sunday will be deleted when the clock falls back to 1 a.m. One hour's worth of electronic record-keeping "is gone," she said. Hospital staff have learned to deal with it by taking extra chart notes by hand... Many hospitals use Cerner, another major electronic medical records company. Those hospitals plan for Cerner to be down during the time change, too. -
Is Data Science For All the New Computer Science For All? (berkeley.edu)
UC Berkeley's fastest-growing class is their introduction to data science. (The Wall Street Journal calls it a combination of computer science and statistics "to mine the growing troves of data on everything from traffic patterns to the habits of social-media users.") But that's only the beginning. UC Berkeley plans to create a new Division of Data Science -- one of their biggest reorganizations in decades -- and this fall they even began offering a major in data science. "The division will enable students and researchers to tackle not just the scientific challenges opened up by pervasive data, but the societal, economic and environmental impacts as well."
"We need to consider the ethical implications of these technologies as they are being developed," says Data 8 instructor David Wagner -- "what does the world look like when decisions are made by algorithms rather than people, and how do we ensure that when we analyze data our decisions reflect not just numbers but the humans behind them?"
Slashdot reader theodp writes: With a reported 1,295 students enrolled this semester, Berkeley's Data 8: The Foundations of Data Science boasts even bigger numbers than Harvard's most popular course, the more traditionally CS-focused CS50, which saw 724 students enroll this Fall....
Berkeley's embrace of Data Science coincidentally comes as Code.org is giving kudos to partners Microsoft, Facebook, Google, and Amazon for helping it convince lawmakers and tens of thousands of educators that more traditional computer science is what's needed for the K-12 masses, including the adoption of a new AP Computer Science program for high school students (an AP CS version of CS50 was funded by Microsoft).
So, is Data Science for All the new Computer Science for All? And, if so, will U.S. schools be looking at a major case of buyer's remorse? -
People Are Keeping Their Phones Longer Because There's Not Much Reason To Upgrade, Study Finds (vice.com)
According to a recent study by Hyla Mobile as reported by the Wall Street Journal, a mobile-device trade-in company, the average age of an iPhone at trade-in is now 2.92 years. That's up from 2.38 years in 2016, and 2.59 in 2017, according to the company. From a report: Part of this, according to Biju Nair, chief executive of Hyla Mobile, is because phone plan carriers moved from a subsidized payment model for new phones, to payment plans, as smartphones got more expensive over the years. Now, if you purchase it from a big carrier like Verizon or T-Mobile as part of a plan package, your phone is basically on loan to you from the carrier, while you make smaller monthly payments until it's paid off and you own it outright.
It can take years to pay off a new smartphone (the iPhone XS Max costs almost $1,100), and once you've done it, there's not much incentive to give up that investment -- especially when the newest models aren't much different in terms of specs and performance than the one you already have. Add to this the efforts by right-to-repair groups to raise awareness about the fact that your phone actually doesn't need to go in the garbage every time you crack the screen, and you've got people keeping their phones longer. The way we view new technology has also changed in recent years. -
Tesla Faces FBI Probe Over Model 3 Production Numbers (cnbc.com)
A new report from The Wall Street Journal says the FBI is reviewing Tesla's Model 3 production numbers as part of an ongoing criminal probe into whether the company misled investors. "Federal agents are reviewing Tesla's stated Model 3 numbers dating back to early 2017, the Journal reports, citing unnamed sources," CNBC reports. From the report: Tesla had previously said it provided documents to the Department of Justice regarding CEO Elon Musk's controversial take-private tweet -- a blunder that ultimately cost Tesla and Musk a combined $40 million in fraud settlement fees. Now Tesla says it also provided information to the Department of Justice regarding Musk's public statements regarding production numbers of its Model 3 sedan. Tesla says the company has not received "a subpoena, a request for testimony, or any other formal process," but the Journal reported Friday that former Tesla employees have received subpoenas and requests for testimony. -
Uber Planning Fleet of Food Delivery Drones 'As Soon As 2021' (engadget.com)
At this year's Uber Elevate Summit in May, CEO Dara Khosrowshahi discussed the possibility of a drone-based food delivery service. Now, it looks like a job posting has hinted that the company is looking to launch the service in 2021. Engadget reports: According to the Wall Street Journal, Uber is looking to hire someone with "flight standards and training" experience, who can "enable safe, legal, efficient and scalable flight operations." If the info is legit, It looks like Uber is looking to keep development of the program under wraps as the job posting is no longer listed on its website. According to the Wall Street Journal's report, the drone-based delivery service has been dubbed "UberExpress," and will exist under the umbrella of Uber Eats. The job description reportedly described a desire for an applicant that can "help make delivery drones functional as soon as next year and commercially operational in multiple markets by 2021." -
Bill Gates Honors Microsoft Co-Founder Paul Allen: He 'Changed My Life' (people.com)
In an article published to the Wall Street Journal on Thursday, Bill Gates reflected on Microsoft co-founder Paul Allen's life and the impact Allen had on him. Paul Allen passed away last Monday from complications of non-Hodgkin's lymphoma at the age of 65. People Magazine reports: "I met Paul Allen when I was in 7th grade, and it changed my life, Gates wrote in the Journal. "I looked up to him right away. He was two years ahead of me in school, really tall, and proved to be a genius with computers... Eventually, we were spending just about all our free time messing around with any machine we could get our hands on." The two would often sneak off during late hours to use the computers at the University of Washington, something Gates said he wouldn't have had the nerve to do without Allen by his side.
Back then, Allen was able to foresee how powerful and essential computers would one day become. When Allen came across an issue of Popular Electronics that featured a powerful computer that was going to be released, he convinced Gates to join him in placing all of their focus into getting in on the computer industry before it took off without them. "That moment marked the end of my college career and the beginning of our new company, Microsoft," Gates recalled, adding that Allen's talents largely helped to make Microsoft successful at its inception. "As the first person I ever partnered with, Paul set a standard that few other people could meet. He had a wide-ranging mind and a special talent for explaining complicated subjects in a simple way." In closing, Gates wrote: "Paul was cooler than I was. He was really into Jimi Hendrix, and I remember him playing 'Are You Experienced?' for me. I wasn't experienced at much of anything back then, and Paul wanted to share this amazing music with me. That's the kind of person he was. He loved life and the people around him, and it showed." -
Will Tech Leave Detroit In the Dust? (wsj.com)
As automotive companies shift their focus to software and services in the pursuit of self-driving cars, the impact to large manufacturing cities like Detroit could be drastic. The Wall Street Journal explores this "transformation without precedent" and poses the question: will tech leave Detroit in the dust? From the report: Auto makers point out that they have one advantage that newcomers to the industry don't: vehicles. "Ultimately, you can have the best services platform there is, but if you don't have the vehicles to operate on it, that won't do you much good," said Sam Abuelsamid, a senior analyst with Navigant research. "That's where the manufacturers have an ace in the hole." Many analysts believe businesses like Uber and Alphabet's self-driving tech subsidiary Waymo won't have the appetite to get into the low-margin, capital-intensive business of car manufacturing. Some auto executives say they can hold on to their roles as hardware providers while also tapping into the growth of more-profitable services. Mr. Stackmann said VW can earn millions more customers than it currently has by offering transportation as a service through a network of connected cars. "They talk about scalability, but where is the added value from Uber?" he said. "We have a technical foundation and will build connectivity into our vehicles to connect them and our customers to our ecosystem. In the long term, the question will be: Why do you need Uber?"
Auto industry executives have long seen tech-industry threats coming. The valuation of Elon Musk's Tesla has soared in recent years, pulling even with GM's, as it has shown it can create a fiercely loyal customer base for electric cars. Google began working on autonomous-vehicle technology in 2009 and its self-driving car unit Waymo is today considered a leader in the technology. While demand for new cars and trucks remains robust and selling them will remain a core part of the industry's business in the years to come, many executives believe the long-term profit growth is limited as new forms of transportation proliferate and more car owners ditch their vehicles for shared ones, hurting sales. Car companies are trying to diversify into new business models that, much like Uber, sell transportation as a service. Revenue is generated by usage as opposed to a one-time vehicle sale, and because the service isn't as capital-intensive as building and selling cars, executives believe it can ultimately command higher margins..." The report goes on to mention the investments automobile companies are making to restructure their businesses. GM, Ford, and Toyota, for example, "are investing in new tech startups, purchasing artificial-intelligence and robotics firms, and hiring thousands of workers in tech hubs in California and Tel Aviv, Israel," reports the WSJ. "Several car companies have acquired or invested in makers of lidar, laser-based sensors that help driverless cars navigate. The auto makers are tapping the tech world for software-engineering talent, a skill traditionally in short supply in the car business."
"Over the last year, GM has taken journalists and investors through a factory in suburban Detroit, where workers plan to build self-driving Chevrolet Bolt electric cars that have no steering wheels or brake pedals," reports the WSJ. "The message: It has the manufacturing might to crank out thousands of robot cars, while tech rivals like Alphabet's Waymo unit must equip their autonomous systems onto vehicles they purchase from traditional car companies." -
When Your Day Job Isn't Enough (wsj.com)
An anonymous reader shares a report: A lot of people are pursuing creative side gigs while they hold down big office jobs. It used to be that many had to choose between their creative aspirations and their commitment to a corporate career, but in the era of the side hustle some manage to do both [Editor's note: the link may be paywalled]. [...] Doing both comes with trade-offs and tensions. Unlike the aspiring actor waiting tables to pay the bills, true dual professionals have to balance the demands of both their aspirations, and often face a moment of reckoning where they are forced to sacrifice a step forward in one career path for job stability and financial security in the other.
The two worlds of Theresa Vu -- also known as the rapper tvu -- often collide. As senior vice president of engineering at New York software firm AppNexus, Ms. Vu runs a team of coders who work on a digital advertising platform. As a vocalist with the band Magnetic North, she rhymes and drops beats, and helped propel the band's "Home: Word" album to No. 2 on the Japanese hip-hop chart. -
Facebook Lured Advertisers By Inflating Ad-watch Times Up To 900 Percent (arstechnica.com)
Zorro shares a report from The Mercury News: Not only did Facebook inflate ad-watching metrics by up to 900 percent (Warning: source may be paywalled, alternative source), it knew for more than a year that its average-viewership estimates were wrong and kept quiet about it, a new legal filing claims. A group of small advertisers suing the Menlo Park social media titan alleged in the filing that Facebook "induced" advertisers to buy video ads on its platform because advertisers believed Facebook users were watching video ads for longer than they actually were. That "unethical, unscrupulous" behavior by Facebook constituted fraud because it was "likely to deceive" advertisers, the filing alleged. The latest allegations arose out of a lawsuit that the advertisers filed against Mark Zuckerberg-led Facebook in federal court in 2016 over alleged inflation of ad-watching metrics. "Suggestions that we in any way tried to hide this issue from our partners are false," the company told The Wall Street Journal. "We told our customers about the error when we discovered it -- and updated our help center to explain the issue."
"The plaintiffs are seeking class-action status to bring other advertisers into the legal action, plus unspecified damages," reports The Mercury News. "They also want the court to order a third-party audit of Facebook's video-ad metrics." -
US is World's Most Competitive Economy for First Time in a Decade (wsj.com)
schwit1 shares a report: The U.S. is back on top as the most competitive country in the world, regaining the No. 1 spot for the first time since 2008 in an index produced by the World Economic Forum [Editor's note: the link may be paywalled; alternative source], which said the country could still do better on social issues. America climbed one place in the rankings of 140 countries, with the top five rounded out by Singapore, Germany, Switzerland and Japan. All five countries' scores rose from 2017, with the U.S. notching the second-biggest gain after Japan's. [...] The Global Competitiveness Report this year assessed 140 countries on 98 indicators that measure business investment and productivity. The indicators are organized into 12 main drivers of productivity including the nations' institutions, tech savvy, infrastructure, education systems, market size and innovation. -
Professional Videogamers Are Working Out (wsj.com)
Hoping to avoid injuries, gamers get physical training; squat jumps, ginger smoothies and yoga. From a report: Esports, the world of professional videogaming, is looking more and more like other sports, with big sponsors, prize money, fan bases -- and player injuries. In response, teams are educating players on ergonomics, hiring personal chefs and sending gamers to the gym [Editor's note: the link may be paywalled]. Sweden's Ninjas in Pyjamas, one of esports' most accomplished teams, distributes an illustrated fitness guide to players with nearly two dozen recommended "core" exercises like burpees, Superman lifts and squat jumps. It has also instituted a "no pizza" rule before morning matches and mandated teams take pregame walks.
Before matches, hand-warming packets are doled out to its two dozen players. "If you have warm hands, you reduce the risk of injury versus cold hands," says Hicham Chahine, Ninjas' chief executive. The potential for injuries -- most frequently in the wrists, hands and fingers -- is rising due to the popularity of the $900 million esports universe. With new leagues and a proliferation of competitions, for some games, tournaments are popping up nearly every other week. "Everyone is susceptible to injuries in everything that is done to an extreme," says Veli-Matti Karhulahti, of Finland's University of Turku, who along with co-author Tuomas Kari, has published peer-reviewed research on physical activity in esports.
South Korean team KT Rolster hired a nutritionist two years ago who dictates breakfast, lunch and dinner. Brown rice was substituted for white rice. Players craving fast food or instant ramen must now make a special request to do so, says Jeong Je-seung, KT Rolster's coach and a former professional gamer. In his playing days, Mr. Jeong says low salaries meant "if you could eat three times a day as an esports player back then it was enough." Top players can now earn millions of dollars annually in prize money and sponsorships. The 2018 world championship for "Dota 2," a game where teams raid opponents' bases, carried a purse of nearly $25 million. -
Apple 'Deeply Apologetic' Over Account Hacks in China (wsj.com)
Apple has issued an apology over the hacking of some Chinese accounts in phishing scams, almost a week after it emerged that stolen Apple IDs had been used to swipe customer funds. From a report: In its English statement Tuesday, Apple said it found "a small number of our users' accounts" had been accessed through phishing scams. "We are deeply apologetic about the inconvenience caused to our customers by these phishing scams," Apple said in its Chinese statement. The incident came to light last week when Chinese mobile-payment giants Alipay and WeChat Pay said some customers had lost money. The victims of the scams, Apple said Tuesday, hadn't enabled so-called two-factor authentication -- a setting that requires a user to log in with a password and a freshly-generated code to verify their identity.