Domain: wsj.com
Stories and comments across the archive that link to wsj.com.
Stories · 1,821
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Facebook Employees Tried To Remove Trump Posts As Hate Speech (usatoday.com)
An anonymous reader quotes a report from USA Today: Facebook employees pushed to remove some of Republican presidential candidate Donald Trump's Facebook posts -- such as one proposing the ban of Muslims from entering the U.S. -- from the service as hate speech that violated the giant social network's policies, the Wall Street Journal reported Friday. The decision not to remove the Trump posts was made by Facebook CEO Mark Zuckerberg, the newspaper reported. Employees complained that Facebook was changing the rules for Trump and some who review content on Facebook threatened to quit. "When we review reports of content that may violate our policies, we take context into consideration. That context can include the value of political discourse," Facebook said in an emailed statement. "Many people are voicing opinions about this particular content and it has become an important part of the conversation around who the next U.S. president will be. For those reasons, we are carefully reviewing each report and surrounding context relating to this content on a case by case basis." Senior members of Facebook's policy team posted more details on its policy on Friday: "In the weeks ahead, we're going to begin allowing more items that people find newsworthy, significant, or important to the public interest -- even if they might otherwise violate our standards." -
Google To Launch Streaming TV Service In Early 2017 (dslreports.com)
It looks like the internet search giant is expected to beat Apple to the punch by releasing its streaming TV service early next year. The Wall Street Journal notes that CBS has agreed to bring content to the service, while 21st Century Fox and Walt Disney are in the final stages of talks to add their content to the service. What's more is that the service is expected to be "housed under the YouTube brand." Karl Bode for DSLReports writes: The service, to be called "Unplugged," aims to be a "low-cost option targeting customers who either have resisted subscribing to traditional pay-TV or cut the cord due to rising costs." While Google sells traditional TV service in its Google Fiber footprint, subscriber numbers have been low for the service. An over the top service might be well received by the general public, but it also might provide promising if bundled with Google FIber's existing broadband offerings. Google is looking to offer a "skinny" bundle of live TV channels with a price in the range of $25 to $40 a month, states the Journal. The report also notes that the service will be entirely separate from YouTube Red, a subscription service ($10 or $13 for iOS users) that offers ad-free YouTube video viewing. -
White House Vows 'Proportional' Response For Russian DNC Hack (go.com)
After the Director of National Intelligence and Department of Homeland Security publicly blamed Russia for stealing and publishing archived emails from the Democratic National Committee on Friday, White House Press Secretary Josh Earnest said today that President Obama will consider a "proportional" response. ABC News reports: "We obviously will ensure that a U.S. response is proportional. It is unlikely that our response would be announced in advanced. It's certainly possible that the president could choose response options that we never announce," Earnest told reporters aboard Air Force One. "The president has talked before about the significant capabilities that the U.S. government has to both defend our systems in the United States but also carry out offensive operations in other countries," he added. "There are a range of responses that are available to the president and he will consider a response that's proportional." The Wall Street Journal report mentions several different ways to response to Russia. The U.S. could impose economic sanctions against Moscow, punish Russia diplomatically, opt to allow the Justice Department to simply prosecute the hacks as a criminal case, and/or launch a U.S. cyberattack targeting Russia's election process. Of course, each response has its pros and cons. "They could escalate into a more adversarial conflict between both countries," writes Carol E. Lee for the Wall Street Journal. "But the absence of a response could signal that such behavior will be tolerated in the future." -
Amazon Eyes Its Own Convenience Stores In Addition To Drive-Up Grocery Sites (geekwire.com)
Amazon's next push into the grocery business could be convenience stores as well as curbside pickup locations, reports WSJ. The Seattle-based company aims to build small brick and mortar stores that would sell things like milk, meat and other perishable items (Editor's note: the link could be paywalled; alternate source). GeekWire adds: But the convenience stores are a new twist. The WSJ says Amazon "aims to build small brick-and-mortar stores that would sell produce, milk, meats and other perishable items that customers can take home," according to its sources. "Primarily using their mobile phones or, possibly, touch screens around the store, customers could also order peanut butter, cereal and other goods with longer shelf lives for same-day delivery." However, the report cautions, the convenience stores "may take a year or more to open while Amazon scouts locations, and may be shelved because of financial or operational concerns, the people said."Interesting move from Amazon, a company that has run many convenience stores out of business with its online business. -
WikiLeaks Publishes Cryptic UFO Emails Sent To Clinton Campaign From Former Blink 182 Singer (gizmodo.com)
An anonymous reader quotes a report from Gizmodo: The former lead singer of Blink 182, Tom DeLonge, has publicly admitted to his obsession with UFOs -- but that still doesn't explain why he was sending two cryptic messages about alien spacecrafts to Hillary Clinton's campaign chairman John Podesta, as the Wall Street Journal reported earlier today. The former rockstar's UFO emails became public in the latest Wikleaks dump, published earlier this month. DeLonge, who is best known for his shitty guitar riffs and vocals in songs like "What's My Age Again," emailed Podesta at least twice from his personal account, urging him to meet in person so he could introduce Podesta to high-level officials (presumably with info about UFOs). Here's a small taste of one of the messages: "I would like to bring two very 'important' people out to meet you in DC. I think you will find them very interesting, as they were principal leadership relating to our sensitive topic. Both were in charge of most fragile divisions, as it relates to Classified Science and DOD topics. Other words, these are A-Level officials. Worth our time, and as well the investment to bring all the way out to you. I just need 2 hours from you." In another email, DeLonge said he's been working with someone named General McCasland, and explained some of the General's public comments. The email is rather strange, given that there's no specific request made or really any context at all for the message: "He mentioned he's a 'skeptic,' he's not.... He just has to say that out loud, but he is very, very aware -- as he was in charge of all of the stuff. When Roswell crashed, they shipped it to the laboratory at Wright Patterson Air Force Base. General McCasland was in charge of that exact laboratory up to a couple years ago." It's unclear if Podesta ever responded to the messages, but he has shown interest in UFOs in the past. When he stepped down from his role as a senior advisor to President Barack Obama, Podesta tweeted, "Finally, my biggest failure of 2014: Once again not securing the #disclosure of the UFO files. #thetruthisstilloutthere cc: @NYTimesDowd." The famous tweet now appears under the name of Obama's new senior advisor Brian Deese. -
Samsung Permanently Discontinues Galaxy Note 7 (twitter.com)
After the replacement units of Galaxy Note 7 also started to catch fire, Samsung is now permanently discontinuing its latest flagship smartphone (Editor's note: the link could be paywalled; alternate source), the company said today. The news comes a day after Samsung halted sales of Note 7 once again and began asking users to return the device. So far nearly 50 incidents of Note 7 causing fires have been reported. More importantly, many people have been physically injured with their new Galaxy phone catching fire. WSJ reports: Samsung said in a filing with South Korean regulators on Tuesday that it would permanently cease sales of the device, a day after it announced a temporary halt to production of the smartphones. "Taking our customer's safety as our highest priority, we have decided to halt sales and production of the Galaxy Note 7," the company said. The move comes on a day when Samsung shares tumbled 8%, its biggest one-day decline in eight years, amid increasing pressure after a new string of reported smartphone fires in the U.S. -
Google Hires Joke Writers From Pixar and The Onion To Make Assistant More Personable (cnet.com)
One of the biggest announcements made at Google I/O earlier this year and at Google's hardware launch event this past week was Google Home, an always-listening wireless speaker that features the Google Assistant. The Google Assistant is similar to Amazon Echo's voice assistant named Alexa, as it can deliver search results, sports scores, calendar information, and a whole lot more. But in an effort to make the Assistant more personable to better compete with Siri, Alexa, and Cortana, Google has decided to hire joke writers from Pixar and The Onion. An anonymous reader quotes CNET: According to a Wall Street Journal report, comedy and joke writers from Pixar movies and the Onion are already working on making Google's upcoming Assistant AI voice service feel more loose and vibrant. The development of compelling voice AI will need to start drawing from deeper, more entertaining wells, especially as these home hubs try to have conversations all day long. Current voice AI like Apple's Siri and Amazon's Alexa on the Echo try to engage with personality, and they even tell jokes (usually, bad ones). But, as these services aim to be entirely voice-based, like the upcoming Google Home hub, they'll need to feel more alive and less canned. Google Home debuts this November, and the upcoming Google Pixel phone, arriving in stores and online on October 20, is the first Google product featuring the new Assistant voice service. -
Tesla's Sales Increase - But Next Will We Need Smart Roads? (backchannel.com)
Elon Musk says Tesla's autopilot has now driven over 222 million miles, and the company is now selling twice as many electric cars as it did in 2015. (Despite complaints from a coal-mining CEO that Tesla "is a fraud" because it receives tax-payer subsidies.)
But Slashdot reader mirandakatz writes, "It's not enough to build self-driving cars: we have to build the roads to accompany them. Roadside sensors might have once seemed a pipe dream, but with the advent of 5G internet infrastructure, they're not out of reach at all. And their implications span far beyond road safety, GMU researcher Brent Skorup explains at Backchannel: Cities could use sensor data for conducting traffic studies, pushing out real-time public bus alerts, increasing parking space occupancy, metering commercial loading times to prevent congestion, and enhancing pedestrian safety. There are also commercial applications for sensor data: How many cars drive by a billboard? How many people walk by a storefront per day? How many of those people have dogs? These are all questions we could easily answer with roadside sensors. -
Samsung Halts Galaxy Note 7 Production Temporarily (wsj.com)
Samsung is halting production of its Galaxy Note 7 smartphone after the replacement units -- the second batch of Note 7 produced -- by Samsung also seemed to be riddled with a similar issue, with nearly half a dozen of explosion and burning issues in the past week alone. Yonhap News Agency, and the WSJ are both reporting that the halt was done in cooperation with safety regulators from South Korea, China and the United States. From a WSJ report: Samsung's move comes after a spate of fresh reports of problems with replacement phones that have been distributed to consumers around the world. While Samsung hasn't confirmed the reports, it said in a statement Friday in response to one report that it would "move quickly to investigate the reported case to determine the cause and will share findings as soon as possible." -
Theranos To Shut Down Its Blood-Testing Facilities, Shrink Workforce By 40% (wsj.com)
tripleevenfall quotes a report from The Wall Street Journal: Theranos Inc. said it will shut down its blood-testing facilities and shrink its workforce by more than 40% (Warning: may be paywalled; alternate source). The company said it had 790 full-time employees as of August 1. The moves mark a dramatic retreat by the Palo Alto, Calif., company and founder Elizabeth Holmes from their core strategy of offering a long menu of low-price blood tests directly to consumers. Those ambitions already were endangered by crippling regulatory sanctions that followed revelations by The Wall Street Journal of shortcomings in Theranos's technology and operations. Theranos later voided all results from its proprietary device for 2014 and 2015, though the company said it wasn't aware of any patient harm resulting form its tests. Ms. Holmes said in a statement: "We will return our undivided attention to our miniLab platform. Our ultimate goal is to commercialize miniaturized, automated laboratories capable of small-volume sample testing, with an emphasis on vulnerable patient populations, including oncology, pediatrics, and intensive care." -
Theranos To Shut Down Its Blood-Testing Facilities, Shrink Workforce By 40% (wsj.com)
tripleevenfall quotes a report from The Wall Street Journal: Theranos Inc. said it will shut down its blood-testing facilities and shrink its workforce by more than 40% (Warning: may be paywalled; alternate source). The company said it had 790 full-time employees as of August 1. The moves mark a dramatic retreat by the Palo Alto, Calif., company and founder Elizabeth Holmes from their core strategy of offering a long menu of low-price blood tests directly to consumers. Those ambitions already were endangered by crippling regulatory sanctions that followed revelations by The Wall Street Journal of shortcomings in Theranos's technology and operations. Theranos later voided all results from its proprietary device for 2014 and 2015, though the company said it wasn't aware of any patient harm resulting form its tests. Ms. Holmes said in a statement: "We will return our undivided attention to our miniLab platform. Our ultimate goal is to commercialize miniaturized, automated laboratories capable of small-volume sample testing, with an emphasis on vulnerable patient populations, including oncology, pediatrics, and intensive care." -
Amazon's Kindle Unlimited Is a Victim of Its Success in Japan (wsj.com)
You really need to understand the market before you start operating there. Take Amazon's case for instance, which has found itself in the middle of a backlash with publishers in Japan. When Amazon launched its "all-you-can-read-subscription" Kindle Unlimited service in Japan, the company didn't know it would become such a big success. And yet it did. So much so that Amazon had to sharply scale back within weeks of its introduction in the country. Before Amazon introduced the feature in Japan, it partnered with Japanese publishers to offer their popular content, committing to pay them a premium through the end of this year when a customer reads at least 10 percent of a book or other content. It worked -- too well, WSJ reports. From an article: Since it's easy for readers to get through the first 10% of a magazine or photo book in just a few minutes, Amazon quickly found itself on the hook for large payments (Editor's note: the link could be paywalled; alternate source), a person at one publisher said. A person at another publisher said Amazon made an overture for talks in September saying it had hit its budget limit for the payments to publishers and wanted revisions to its contract with the publisher." -
US Believes Hackers Are Shielded By Russia To Hide Its Role In Cyberintrusions: WSJ (newsmax.com)
According to a report from The Wall Street Journal (Warining: may be paywalled), U.S. officials are all but certain that the hacker Guccifer 2.0, who hacked the Democratic National Committee in June, is connected to a network of individuals and groups who are being shielded by the Russian government to mask its involvement in cyberintrusions. Even though the hacker denies working for the Russian government, the hacker is thought to be working with the hacking groups Fancy Bear and Cozy Bear, which have ties to the Russian government. The Wall Street Journal reports: Following successful breaches, the stolen data are apparently transferred to three different websites for publication, these people say. The websites -- WikiLeaks, DCLeaks.com and a blog run by Guccifer 2.0 -- have posted batches of stolen data at least 42 times from April to last week. Cybersecurity experts believe that DCLeaks.com and Guccifer 2.0 often work together and have direct ties to Russian hackers. Guccifer 2.0 said in a Twitter direct message sent to The Wall Street Journal that he wants to expose corruption in politics and shine light on how companies influence policy. The hacker said he also hopes to expose "global electronization." "I think I won't have a better opportunity to promote my ideas than this year," Guccifer 2.0 added in a long exchange with a Journal reporter. The Journal cannot verify the identity of the person sending messages on behalf of Guccifer 2.0, but the account is the same one that was used to publish personal information about Democrats. A posting on a blog run by Guccifer 2.0 says he is a man who was born in Eastern Europe, has been a hacker for years and fears for his safety. "I think u've never felt that feeling when u r crazy eager to shout: look everyone, this is me, this is me who'd done it," the hacker wrote to the Journal. "but u can't." WikiLeaks officials didn't respond to requests for comment on whether Russia fed them the stolen files published by WikiLeaks in July. A representative for DCLeaks.com asked the Journal to submit questions via email but hasn't responded to them. Last week, U.S. intelligence chielf James Clapper said it "shouldn't come as a big shock to people" that Russia is behind the hacking operation. While Russia has tried to interfere in U.S. elections since at least the 1960s by spying and funneling money to particular political groups, "I think it's more dramatic maybe because now they have the cyber tools," he said. -
US Believes Hackers Are Shielded By Russia To Hide Its Role In Cyberintrusions: WSJ (newsmax.com)
According to a report from The Wall Street Journal (Warining: may be paywalled), U.S. officials are all but certain that the hacker Guccifer 2.0, who hacked the Democratic National Committee in June, is connected to a network of individuals and groups who are being shielded by the Russian government to mask its involvement in cyberintrusions. Even though the hacker denies working for the Russian government, the hacker is thought to be working with the hacking groups Fancy Bear and Cozy Bear, which have ties to the Russian government. The Wall Street Journal reports: Following successful breaches, the stolen data are apparently transferred to three different websites for publication, these people say. The websites -- WikiLeaks, DCLeaks.com and a blog run by Guccifer 2.0 -- have posted batches of stolen data at least 42 times from April to last week. Cybersecurity experts believe that DCLeaks.com and Guccifer 2.0 often work together and have direct ties to Russian hackers. Guccifer 2.0 said in a Twitter direct message sent to The Wall Street Journal that he wants to expose corruption in politics and shine light on how companies influence policy. The hacker said he also hopes to expose "global electronization." "I think I won't have a better opportunity to promote my ideas than this year," Guccifer 2.0 added in a long exchange with a Journal reporter. The Journal cannot verify the identity of the person sending messages on behalf of Guccifer 2.0, but the account is the same one that was used to publish personal information about Democrats. A posting on a blog run by Guccifer 2.0 says he is a man who was born in Eastern Europe, has been a hacker for years and fears for his safety. "I think u've never felt that feeling when u r crazy eager to shout: look everyone, this is me, this is me who'd done it," the hacker wrote to the Journal. "but u can't." WikiLeaks officials didn't respond to requests for comment on whether Russia fed them the stolen files published by WikiLeaks in July. A representative for DCLeaks.com asked the Journal to submit questions via email but hasn't responded to them. Last week, U.S. intelligence chielf James Clapper said it "shouldn't come as a big shock to people" that Russia is behind the hacking operation. While Russia has tried to interfere in U.S. elections since at least the 1960s by spying and funneling money to particular political groups, "I think it's more dramatic maybe because now they have the cyber tools," he said. -
Amazon Looking To Abandon UPS, FedEx In Favor of Its Own Delivery Service (arstechnica.com)
An anonymous reader quotes a report from Ars Technica: A report by The Wall Street Journal claims that Amazon is building its own shipping service to replace FedEx and UPS, giving it more control over its packages and possibly allowing it to ship packages from other retailers. Amazon has said its own delivery services would be meant to increase its capacity during busier times of the year, like the upcoming holiday season. However, "current and former Amazon managers and business partners" claim that the company's plans are bigger than that. The initiative dubbed "Consume the City" will eventually let Amazon "haul and deliver" its own packages and those of other retailers and consumers. That delivery network would also directly compete with the likes of UPS and FedEx. It makes sense that Amazon would want to sell, ship, and deliver orders on its own. The report estimates that the company spent $11.5 billion on shipping just last year, amounting to 10.8 percent of sales. The shipping process is currently a bit convoluted: packages from Amazon warehouses get sent to one of two shipping routes, either FedEx or UPS, or to a sorting facility that lumps all packages with similar zip codes together. FedEx and UPS handle its shipments and deliver them to customers, while the packages at the sorting facilities either get delivered via USPS or by Amazon employees themselves. If Amazon were to have control over its shipments over longer distances, it's estimated that the company could save about $3 per package -- about $1.1 billion annually. -
Amazon Looking To Abandon UPS, FedEx In Favor of Its Own Delivery Service (arstechnica.com)
An anonymous reader quotes a report from Ars Technica: A report by The Wall Street Journal claims that Amazon is building its own shipping service to replace FedEx and UPS, giving it more control over its packages and possibly allowing it to ship packages from other retailers. Amazon has said its own delivery services would be meant to increase its capacity during busier times of the year, like the upcoming holiday season. However, "current and former Amazon managers and business partners" claim that the company's plans are bigger than that. The initiative dubbed "Consume the City" will eventually let Amazon "haul and deliver" its own packages and those of other retailers and consumers. That delivery network would also directly compete with the likes of UPS and FedEx. It makes sense that Amazon would want to sell, ship, and deliver orders on its own. The report estimates that the company spent $11.5 billion on shipping just last year, amounting to 10.8 percent of sales. The shipping process is currently a bit convoluted: packages from Amazon warehouses get sent to one of two shipping routes, either FedEx or UPS, or to a sorting facility that lumps all packages with similar zip codes together. FedEx and UPS handle its shipments and deliver them to customers, while the packages at the sorting facilities either get delivered via USPS or by Amazon employees themselves. If Amazon were to have control over its shipments over longer distances, it's estimated that the company could save about $3 per package -- about $1.1 billion annually. -
Snapchat's 10-Second-Video Glasses Are Real And Cost $130 Bucks (techcrunch.com)
Long-time Slashdot reader bheerssen writes that Snapchat "announced a new product yesterday, Spectacles, which are sunglasses with a camera built into the frame." TechCrunch reports: Snapchat's long-rumored camera glasses are actually real. The startup's first foray into hardware will be a pair of glasses called "Spectacles" and will go on sale this fall for $129.99, according to the WSJ... To start recording you tap a button on the side of the glasses. Video capture will mimic Snapchat's app, meaning you can only capture 10 seconds of video at once. This video will sync wirelessly to your phone, presumably making it available to share as a snap.
The cameras will be using a circular 115-degree lens to mimic the human eye's natural field of vision, and in the Journal's article, Snap CEO Evan Spiegel remembers his first test of the product in 2015. "I could see my own memory, through my own eyes -- it was unbelievable... It was the closest I'd ever come to feeling like I was there again." The camera glasses will enter "limited distribution" sometime within the next three months, which TechCrunch believes "could end up being like Google Glass when it first launched -- officially on sale to the public but pretty hard to come by." -
Alibaba Engineers Fired for Mooncake Hacking (wsj.com)
On the eve of Mid-Autumn Festival, some people will go to great lengths to get mooncakes, the traditional gift for family, friends and colleagues. At Alibaba Group Holding Ltd., four engineers tried to rig the distribution system of the e-commerce giant's mooncake selloff -- and were fired for their effort (Editor's note: the link could be paywalled; alternate source), reports WSJ. From the report: Alibaba confirmed it fired the four this week, after they hacked into the internal website that allows employees to purchase the company's signature mooncakes, with an orange fluffy Alibaba mascot inside. The Hangzhou-based company allocates one free box to each employee for the holiday, and sells extras on the site at cost -- 59 yuan (about $9) for a box of four. -
NYC Threatens To Sue Verizon Over FiOS Shortfalls (arstechnica.com)
An anonymous reader quotes a report from Ars Technica: New York City officials yesterday notified Verizon that the company is in default of an agreement to bring fiber connections to all households in the city and could file a lawsuit against the company. The road to a potential lawsuit has been a long one. In June 2015, New York released an audit that found Verizon failed to meet a commitment to extend FiOS to every household in the five boroughs by June 2014. City officials and Verizon have been trying to resolve the matter since then with no success, as Verizon says that it hasn't actually broken the agreement. The default letter (full text) sent yesterday by the city Department of Information Technology and Telecommunications (DoITT) says Verizon has failed to pass all residential buildings in the city with fiber. As of October 2015, there were at least 38,551 addresses where Verizon hadn't fulfilled installation service requests that were more than a year old, the letter said. "Moreover, Verizon improperly reduced, from $50 million to $15 million, the performance bond required [by] the Agreement on the basis of Verizon's incorrect representations that Verizon had met the prescribed deployment schedule, when in fact it had not," the letter said. City officials demanded that Verizon restore the bond and wants a response within 30 days. The default letter also accuses Verizon of failing to make records related to its provision of cable service available to the city during its audit. "Officials say they could sue Verizon unless the carrier shows clear plans for stepping up installations," and that the notice is the first step in that process, The Wall Street Journal reported. The citywide fiber agreement lets NYC seek monetary damages from Verizon if it fails to deliver on the fiber promises. -
Intel Breaks Qualcomm's Hold On Apple's Baseband Chips (wsj.com)
Long-time Slashdot reader randomErr writes: In a big blow to Qualcomm, Apple plans to incorporate Intel baseband chips into at least some models of the new iPhone 7. The selection of Intel chip means that in newer iPhones Apple will no longer support CDMA technology popularized by Qualcomm. The Wall Street Journal states that many industry analysts believe Intel could be supplying as many as half of of baseband chips for Apple's handsets.
This was the last key iPhone component that didn't have two sources, and the Journal estimates that Intel's revenues could now increase by up to $700 million before the end of 2016. -
North Korea Conducts Fifth Nuclear Test -- The Largest One Yet (cnn.com)
TMB writes: As reported by CNN, North Korea has conducted its 5th nuclear test, the largest yet at 10 kilotons. Before the test was reported, Slashdot reader hcs_$reboot reported: A magnitude 5.3 earthquake has been detected in North Korea, amid reports the country had been preparing for its fifth nuclear test. South Korea's Yonhap news agency said it had been an "artificial quake." The U.S. Geological Survey said the tremor had been detected in the north-east of North Korea, close to a known nuclear test site. The earthquake occurred close to the surface, the USGS said. The shallow depth and precise timing of the quake suggests it was man-made. North Korea says it has tested a nuclear warhead and that the test showed the warhead "has been standardized to be able to be mounted on strategic ballistic rockets." -
Should We Kill All The Mosquitoes? (bbc.com)
If scientists could send Zika-carrying mosquitoes into extinction, should they do it? Several science and business journals are now exploring the question, and Slashdot reader retroworks asks if scientists will ultimately target "not just the most deadly species of the animal, but all 12 species of human-biting mosquitoes in the world, responsible for 500,000 deaths per year." The headline on today's [paywalled] Wall Street Journal article begs the question, "Why Not Kill Them All...?" [M]ore business journals are exploring private sector investments to eradicate the species of mosquito entirely, [and] most articles seem to find extinction of the indoors-attacking, dengue fever- and malaria-spreading Aedes aegypti a tantalizing prospect...
The BBC weighed the approach more carefully, noting that mosquitoes make rain forests uninhabitable (and consequences of human populations in rain forests are usually disastrous)... Will capitalism make the itch of mosquito bites be forgotten... Forever? -
Walmart Is Cutting 7,000 Jobs Due To Automation (yahoo.com)
An anonymous reader quotes a report from Yahoo: The clairvoyant folks over at the World Economic Forum warned of a "Fourth Industrial Revolution" involving the rise of the machine in the workforce, and the latest company to lend credence to that claim is none other than Walmart, which is planning on cutting 7,000 jobs on account of automation. But the Walmart decision may be a bit more alarming for those in the workforce. As the Wall Street Journal reports (Warning: may be paywalled), the most concerning aspect of America's largest private employer might be that the eliminated positions are largely in the accounting and invoicing sectors of the company. These jobs are typically held by some of the longest tenured employees, who also happen to take home higher hourly wages. Now, those coveted positions are being automated. The Journal reports that beginning in 2017, much of this work will be addressed by "a central office or new money-counting 'cash recycler' machines in stores." Earlier this year, the company tested this change across some 500 locations. "We've seen many make smooth transitions during the pilot," said Deisha Barnett, a Walmart spokeswoman. -
FDA Finds Flaws In Theranos' Zika Tests (techcrunch.com)
An anonymous reader quotes a report from TechCrunch: This past week, the U.S. Food and Drug Administration mandated testing for the Zika virus at all U.S. blood centers. That juices demand for Zika-testing technology, but one company that isn't welcome to provide it yet is Theranos. The beleaguered blood analysis startup has run afoul of the FDA, yet again, The Wall Street Journal reports (Warning: may be paywalled). Specifically, regulators found that in developing and testing a new Zika-diagnostic technology, Theranos failed to use proper patient safety protocols, the type approved by an institutional review board. Such protocols are critical in ensuring the ethical treatment of patients involved in studies, and their safety. Theranos had sought the same FDA authorization, but voluntarily withdrew its request once regulators called the startup out, this time, on the safety protocols issue. -
Google To Take On Uber With New Ride-Share Service (cnbc.com)
Finally, a major company is planning to compete with Uber in the ride-sharing service space. The Wall Street Journal reports today that Google is planning to debut its own ride-hailing service in San Francisco at "far cheaper rates." (Editor's note: the link could be paywalled, here's an alternate source.) The Mountain View-based company began a pilot program around its California headquarters in May, and enabled several thousand area workers at specific firms to use the Waze navigation app to connect with fellow commuters. Expect Google's service in the coming weeks, says the report. One key difference in Google's approach is that it aims to connect riders with drivers who are already headed in the same direction. The project is in compliance with Waze's aims to "make fares low enough to discourage drivers from operating as taxi drivers." From the report: Still, Google's push into ride-sharing could portend a clash with Uber, a seven-year-old firm valued at roughly $68 billion that largely invented the concept of summoning a car with a smartphone app. Google and Uber were once allies -- Google invested $258 million in Uber in 2013 -- but increasingly see each other as rivals. Alphabet executive David Drummond said Monday that he resigned from Uber's board because of the increasing competition between the companies. Uber, which has long used Google's mapping software for its ride-hailing service, recently began developing its own maps.Game on, Uber. -
WSJ: Facebook's Point System Fails To Close Diversity Gap
theodp writes: Gizmodo and others are picking up on a Wall Street Journal story (Warning: may be paywalled) which reported that Facebook's failure to move the needle on diversity is all the more surprising because the social network awarded Facebook recruiters double points for a "diversity hire" -- a female, Black, or Hispanic engineer -- compared to the hire of a White or Asian male. Facebook declined to comment on whether this points-based system is still in effect. The WSJ also notes that Intel has paid its employees double referral bonuses for women, minorities, and veterans. The reward schemes evoke memories of gender-based (and later race-based) incentives offered for K-12 coding and STEM programs run by tech-backed Code.org (to which Facebook just pledged $15 million) and Google, which offered lower funding or no funding at all to teachers if participation by female students was deemed unacceptable to the sponsoring organizations. Facebook's efforts also seem consistent with the tech-backed Every Student Succeeds Act, which calls for increasing CS and STEM access to address a tech-declared national crisis, but only "for students through grade 12 who are members of groups underrepresented in such subject fields, such as female students, minority students, English learners, children with disabilities, and economically disadvantaged students." Hey, sometimes "every" doesn't mean "every!" -
China Launches World's First Quantum Communications Satellite (theverge.com)
hackingbear quotes a report from The Verge: China's quantum network could soon span two continents, thanks to a satellite launched earlier today. Launched at 1:40pm ET, the Quantum Science Satellite is designed to distribute quantum-encrypted keys between relay stations in China and Europe. When working as planned, the result could enable unprecedented levels of security between parties on different continents. China's new satellite would put that same fiber-based quantum communication system to work over the air, utilizing high-speed coherent lasers to connect with base stations on two different continents. The experimental satellite's payload also includes controllers and emitters related to quantum entanglement. The satellite will be the first device of its kind if the quantum equipment works as planned. According to the Wall Street Journal, the project was first proposed to the European Space Agency in 2001 but was unable to gain funding. -
Google Fiber Is Changing Its Strategy as Costs Grow (fortune.com)
Google is taking a strategy timeout on its high-speed-internet business. According to WSJ, the Google Fiber unit is -- including Los Angeles, Chicago, and Dallas -- after its initial rollouts proved time-consuming and expensive than anticipated -- is rethinking how to deliver internet connections in about a dozen metro areas (could be paywalled; alternate source). From a Fortune report: Turns out it is very expensive to run wires -- or in Google's case, fiber optic cables -- to each and every house that wants service. Known as the "last mile" problem, the high costs, in turn, make it difficult for companies to earn a solid rate of return on the installation investment. Google's effort, through its unit called Fiber that launched in 2010, is now seeking alternative means to connect to consumers homes or finding other people to pay the cost. Google has sought deals with municipalities and power companies to pay for the connections and is also exploring less expensive wireless technology. Meanwhile, Google has suspended efforts to add new cities such as San Jose, Calif., and Portland, Ore., using its prior strategy of stringing up cables to each customerâ(TM)s home. -
Facebook Will Force Advertising On Ad-Blocking Users (wsj.com)
Long-time reader geek writes: Facebook is going to start forcing ads to appear for all users of its desktop website, even if they use ad-blocking software (Could be paywalled; alternate source). The social network said on Tuesday that it will change the way advertising is loaded into its desktop website to make its ad units considerably more difficult for ad blockers to detect. "Facebook is ad-supported. Ads are a part of the Facebook experience; they're not a tack on," said Andrew "Boz" Bosworth, Facebook's vice president of engineering for advertising and pages. -
Judge Rules Political Robocalls Are Protected By First Amendment (onthewire.io)
Trailrunner7 quotes a report from On the Wire: A federal judge has ruled that robocalls made on behalf of political candidates are protected by the First Amendment and cannot be outlawed. The decision came in a case in Arkansas, where political robocalls had been illegal for more than 30 years. On Wednesday, U.S. District Court Judge Leon Holmes ruled that banning political robocalls amounts to an infringement of free speech protections and also constitutes prior restraint of speech. Political campaigns have been using robocalls for decades, and some states have sought to ban them, arguing that they are intrusive and violate recipients' privacy. In the Arkansas case, the state attorney general put forward both of these arguments, and also argued that the calls can tie up phone lines, making them unusable in an emergency. Holmes said in his decision that there was no evidence that political robocalls prevent emergency communications, and also said that the Arkansas statute should have banned all robocalls, not just commercial and political ones. "The statute at issue here imposes a content-based restriction on speech; it is not one of the rare cases that survives strict scrutiny. The state has failed to prove that the statute at issue advances a compelling state interest and is narrowly tailored to serve that interest," Holmes wrote. -
Apple's Rigid Negotiating Tactics Cost Us 'Skinny Bundles' For Apple TV, Says Report (thenextweb.com)
An anonymous reader quotes a report from The Next Web: According to a new report from The Wall Street Journal, the reason we don't have actual TV channels on the Apple TV is because the company tried to strong-arm networks -- and failed. Apple's Senior Vice President Eddy Cue is said to have taken the wrong approach. In one meeting, he reportedly told TV executives that "time is on my side." Cue is also accused of bluffing executives by claiming other networks -- specifically Disney and Fox -- were already signed up. The company also refused to show off the Apple TV interface, or "sketch it on the back of a napkin," as one media executive requested. Cue also tried to strike hard bargains, says WSJ. He reportedly asked that Disney put off the royalties Apple would have to pay for several years. Those 'skinny bundles' we heard so much about were what Apple was planning to build its TV experience around, too. In 2015, a bundle consisting of Fox, ESPN and Disney content was conceptualized (and priced at $30), but no agreements were ever signed. In an effort to create more original programming, Apple is scheduled to release its 'Planet of the Apps' TV show about app developers next year. -
Apple's Electric Car Project To Be Led By Bob Mansfield (techcrunch.com)
An anonymous reader writes: Long-time Apple executive Bob Mansfield will lead Apple's electric car project, according to the Wall Street Journal. TechCrunch reports: "Mansfield stepped down from the Apple executive board in 2013, yet stayed around the company to work on, what Apple called, special projects. In this role he was reporting directly to Apple CEO Tim Cook. One of Mansfield's projects turned out to be the Apple Watch. Now it seems he will head-up Apple's car ambitions -- a project Apple has yet to publicly confirm. During Mansfield's tenure he lead the engineering teams responsible for numerous products including the MacBook Air, iMac, and the iPad." -
Spotify Is Now Selling Your Information To Advertisers (engadget.com)
An anonymous reader writes from a report via Engadget: Spotify is now opening its data to targeted advertising. "Everything from your age and gender, to the music genres you like to listen to will be available to various third-party companies," reports Engadget. "Spotify is calling it programmatic ad buying (Warning: source may be paywalled) and has already enabled it." The nearly 70 million people that currently use Spotify's free, ad-supported streaming service across 59 countries will be affected. The ads will be audio-based and stretch between 15-30 seconds in length. The advertisers who buy ad spots will be able to look for specific users by viewing their song picks to find the best matches for the products they're selling. Two weeks ago, China has released its first ever set of digital ad regulations that seems to all but ban ad blocking. -
Null Island: The Land of Lousy Directional Data (vice.com)
An anonymous reader writes: Null Island is one of the world's most visited places for directional data that doesn't exist in real life. The Wall Street Journal reports (Warning: source may be paywalled): "In the world of geographic information systems, the island is an apparition that serves a practical purpose. It lies at 'zero-zero,' a mapper's shorthand for zero degrees latitude and zero degrees longitude. By a programming quirk introduced by developers, those are the default coordinates where Google maps and other digital Global Positioning System applications are directed to send the millions of users who make mistakes in their searches. [About seven years ago, Mr. Kelso, who had heard the phrase used by other cartographers, encoded Null Island as the default destination for mistakes into a widely used public-domain digital-mapping data set called Natural Earth, which has been downloaded several million times. On a whim, he made the location at zero-zero appear as a tiny outcrop one-meter square. In no time at all, other mappers gave the 'island' its own natural geography, created a website, and designed T-shirts and a national flag.]" If you're feeling cognitively lazy, you can watch the short animated YouTube video explaining Null Island. -
Donald Trump To Announce Mike Pence As Vice-Presidential Running Mate (theguardian.com)
Donald Trump has selected Indiana Gov. Mike Pence as his vice-presidential running mate. A senior GOP official, cited by many media outlets today (including the WSJ), confirmed the news, adding that the announcement will be made Friday. The Guardian reports: Pence brings several qualities to the Trump campaign that Republicans have found lacking, not least of which experience in government. The 57-year-old spent 12 years in Congress, including two years in a leadership role with the House Republican Conference. He was elected governor of Indiana in 2012, and gained a degree of national notoriety that's to a controversial Religious Freedom Restoration Act, which he signed into law and then wanted revised, after many argued it would allow discrimination against LGBT people. A Trump-Pence ticket could send a message to Republican dissenters who feel they cannot support a candidate who has proven inconsistent on guns, abortion, LGBT rights and other social conservative issues. Just before the Indiana primary election, the staunchly conservative governor endorsed Ted Cruz, Trump's leading opponent and a far-right senator from Texas.An anonymous reader shared a BuzzFeed article on Pence today. The article digs into some of the opinion pieces Pence has penned over the years. In one such article, Pence wrote that "smoking doesn't kill." "Time for a quick reality check. Despite the hysteria from the political class and the media, smoking doesn't kill," he wrote. In another piece, he argues that Carbon Dioxide "can't be the cause of increased global temperatures" because it is "a naturally occurring phenomenon in nature..." not an unnatural one. -
Third Tesla Crashes Amid Report of SEC Investigation (usatoday.com)
An anonymous reader writes: Tesla hasn't had the best month so far as not one, not two, but a total of three crashes have been reported with the car's Autopilot self-driving system engaged at the time -- two of which resulted in fatalities. In addition, The Wall Street Journal is reporting today that the Securities and Exchange Commission is investigating whether Tesla violated securities law by failing to disclose more quickly a fatal accident in Florida in May involving a Tesla Model S that was in self-driving mode. The SEC didn't comment on the report, and Tesla issued a statement saying it has "not received any communication from the SEC regarding this issue." As for the Autopilot crash that was reported today, the driver said he activated Autopilot mode at the beginning of his trip. Tesla is looking into the crash and has yet to confirm whether or not Autopilot was a factor. Tesla CEO Elon Musk teased a "Top Secret Tesla Masterplan, Part 2" via Twitter that he is "Hoping to publish later this week." -
Theranos CEO Elizabeth Holmes Banned From Owning a Lab (engadget.com)
An anonymous reader quotes a report from Engadget: The Wall Street Journal reports U.S. regulators have devised to ban the owners and operators of Theranos from running a lab for two years. That includes CEO and founder Elizabeth Holmes, as confirmed by a press release issued tonight. The Centers for Medicare and Medicaid Services (CMS) revoked the lab's Clinical Laboratory Improvement Amendments (CLIA) certificate and imposed a civil money penalty for an unspecified amount. The ban does not take effect for 60 days, however Theranos says it will not do any testing at the Newark, CA lab CMS investigated, and instead will serve customers from its lab in Arizona. Elizabeth Holmes wrote: "We accept full responsibility for the issues at our laboratory in Newark, California, and have already worked to undertake comprehensive remedial actions. Those actions include shutting down and subsequently rebuilding the Newark lab from the ground up, rebuilding quality systems, adding highly experienced leadership, personnel and experts, and implementing enhanced quality and training procedures. While we are disappointed by CMS' decision, we take these matters very seriously and are committed to fully resolving all outstanding issues with CMS and to demonstrating our dedication to the highest standards of quality and compliance." -
Ask Slashdot: Is It Ever OK To Quit Without Giving Notice?
HughPickens.com writes: Employees and employers alike have the right under at-will employment laws in almost all states to end their relationship without notice, for any reason, but the two-week rule is a widely accepted standard of workplace conduct. However, Sue Shellenbarger writes at the WSJ that a growing number of workers are leaving without giving two weeks' notice. Some bosses blame young employees who feel frustrated by limited prospects or have little sense of attachment to their workplace. But employment experts say some older workers are quitting without notice as well. They feel overworked or unappreciated after years of laboring under pay cuts and expanded workloads imposed during the recession. One employee at Dupray, a customer-service rep, scheduled a meeting and announced she was quitting, then rose and headed for the exit. She seemed surprised when the director of human resources stopped her and explained that employees are expected to give two weeks' notice. "She said, 'I've been watching 'Suits,' and this is how it happens,'" referring to the TV drama set in a law firm.
According to Shellenbarger, quitting without notice is sometimes justified. Employees with access to proprietary information, such as those working in sales or new-product development, face a conflict of interest if they accept a job with a competitor. Employees in such cases typically depart right away -- ideally, by mutual agreement. It can also be best to exit quickly if an employer is abusive, or if you suspect your employer is doing something illegal. More often, quitting without notice "is done in the heat of emotion, by someone who is completely frustrated, angry, offended or upset," says David Lewis, president of OperationsInc., a Norwalk, Conn., human-resources consulting firm. That approach can burn bridges and generate bad references. Phyllis Hartman says employees have a responsibility to try to communicate about what's wrong. "Start figuring out if there is anything you can do to fix it. The worst that can happen is that nobody listens or they tell you no." What do you Slashdotters think about providing employers notice of departure? Has there ever been a circumstance that warranted quitting your job without any prior notice? -
Second Tesla Autopilot Crash Under Review By US Regulators (time.com)
An anonymous reader writes: The Wall Street Journal and many other publications are reporting that U.S. auto-safety regulators are currently reviewing a second crash that occurred while Tesla's Autopilot mode was activated. The Detroit Free Press reports that a Michigan art gallery owner told police that he survived a rollover crash that happened when his Tesla Model X was in self-driving mode last Friday. The newspaper didn't disclose any additional details regarding what led up to the accident and whether or not the driver was to blame. Last week, it was reported that U.S. regulators were investigating Tesla after a fatal crash occurred involving a vehicle using the Autopilot mode. Tesla said in a statement after that incident, "This is the first known fatality in just over 130 million miles where Autopilot was activated." They also said Autopilot "is an assist feature that requires you to keep your hands on the steering wheel at all times." -
'New Way of Stealing Cars': Hacking Them With A Laptop (marketwatch.com)
retroworks writes: The Wall Street Journal (Warning: source may be paywalled), CBS and Marketwatch all lead the morning with stories about the newest method of stealing (late model) cars. No need for hacking off the ignition switch and touching the wires to create a spark (controversial during broadcasts in 1970s television crime criticized for "teaching people to steal cars"). Thieves now use the laptop to access the automobile's computer system, and voila. "Police and car insurers say thieves are using laptop computers to hack into late-model cars' electronic ignitions to steal the vehicles, raising alarms about the auto industry's greater use of computer controls. The discovery follows a recent incident in Houston in which a pair of car thieves were caught on camera using a laptop to start a 2010 Jeep Wrangler and steal it from the owner's driveway. Police say the same method may have been used in the theft of four other late-model Wranglers and Cherokees in the city. None of the vehicles have been recovered." The article concludes with the example filmed of a break-in in Houston. The thief, says the NICB's Mr. Morris, likely used the laptop to manipulate the car's computer to recognize a signal sent from an electronic key the thief then used to turn on the ignition. The computer reads the signal and allows the key to turn. "We have no idea how many cars have been broken into using this method," Mr. Morris said. "We think it is minuscule in the overall car thefts but it does show these hackers will do anything to stay one step ahead." No details on modifying the program to run on Android or iPhone -- there's not yet "an app for that." -
Apple In Talks To Buy Jay Z-Owned Tidal Streaming Service (9to5mac.com)
An anonymous reader writes: The Wall Street Journal is reporting that Apple is in talks to acquire the Jay Z owned streaming service, Tidal. 9to5Mac reports: "While specific details are unclear at this point, Apple acquiring Tidal would give it an incredible leg up when it comes to negotiating for exclusive streaming rights. Tidal is currently owned by Jay Z and a variety of other artists, including Kanye West, Beyonce, Chris Martin, Jack White, and many more. Negotiations between Apple and Jay Z are reportedly still early and 'may not result in a deal,' according to the report. Apple is interested in Tidal because of its strong ties to artists, many of which are owners. Tidal has secured the exclusive streaming rights to a handful of notable albums in recent months, including Beyonce's Lemonade and Kanye West's The Life of Pablo." Earlier this year, a report claimed that Samsung, Google and Spotify had all considered buying the streaming service. -
FCC Says TV Airwaves Being Sold For Wireless Use Are Worth $86.4 Billion (reuters.com)
An anonymous reader quotes a report from Reuters: The U.S. Federal Communications Commission said on Wednesday the price of 126 MHz of television airwaves taken from broadcasters to be sold for wireless use in an ongoing auction is $86.4 billion. The FCC disclosed the price in a statement after completing the first part of an auction to repurpose low-frequency wireless spectrum relinquished by television broadcasters. The so-called "broadcast incentive" spectrum auction is one of the commission's most complex and ambitious to date. In this round, called a reverse auction, broadcasters competed to give up spectrum to the FCC for the lowest price. In the next stage, the forward auction, wireless and other companies will bid to buy the airwaves for the highest price. If wireless companies are unwilling to pay $86.4 billion, the FCC may have to hold another round of bidding by broadcasters and sell less spectrum than had been expected, analysts said. The Wall Street Journal points out that $86.4 billion is more than the market cap of T-Mobile and Spring combined. It's roughly double the amount raised in the last FCC auction, where ATT spent $18.2 billion and Verizon spent $10.4 billion. It's highly likely we'll see multiple rounds stretching into 2017 that will eventually match the supply with the demand. -
Apple Unlikely to Make Big Changes for Next iPhone
The next iPhone isn't going to look much different from the last year's iPhone 6s, or 2014's iPhone 6. According to a WSJ report (paywalled; alternate source), Apple will release two new iPhone models with screen sizes 4.7-inch and 5.5-inch, and both the models will look pretty much similar to the last two year's models. There won't be any 3.5mm headphone port in the new iPhone, though, the report adds. The Cupertino-based company plans to introduce major design changes in its next iPhone, using OLED display and eliminating the home button to use the display for fingerprint scanning. From the report: For years, Apple Chief Design Officer Jony Ive has expressed a desire for the iPhone to appear like a single sheet of glass, according to people familiar with the matter. The current design ideas for the 2017 iPhones are expected to push the handsets in that direction by eliminating much of the bezel around the display, with the OLED screen. -
Samsung Buys US Cloud Services Firm Joyent (venturebeat.com)
An anonymous reader writes from a report via VentureBeat: Samsung has announced Thursday that it has acquired Joyent, a company with public cloud infrastructure and private cloud software, to help beef-up its software and services around its smartphone business. While terms of the deal weren't disclosed, Samsung did say Joyent will continue to operate as a standalone company. "Until now, we lacked one thing. We lacked the scale required to compete effectively in the large, rapidly growing and fiercely competitive cloud computing market. Now, that changes," Joyent chief executive Scott Hammond wrote in a blog post. With Samsung's brand name and money to invest, Joyent may become more popular and challenge some of the top cloud infrastructure providers like Amazon Web Services, Microsoft Azure, and the Google Cloud Platform. Joyent was the original steward of server-side JavaScript framework Node.js and helped to establish the Node.js Foundation in 2015. -
Air, Land, Sea, Cyber: NATO Adds Cyberspace To Operation Areas (phys.org)
An anonymous reader writes from a report via Phys.Org: On Tuesday, NATO decided to make cyber operations part of its war domain, along with air, sea, and land operations. NATO Secretary-General Jens Stoltenberg said the decision is not aimed at any one particular country, just that allies need to be able to better defend themselves and respond to computer network attacks. Phys.Org reports: "The decision has been long in coming, particularly amid rising tensions with Russia, which has proven its willingness to launch computer-based attacks against other nations. About a year ago, U.S. Defense Secretary Ash Carter told NATO that it must improve its ability to protect itself before it builds its cyberwar capabilities. And he pledged that the U.S. would used its expertise to help allies assess their vulnerabilities and reduce the risk to their critical infrastructure. In 2014, after years of debate, NATO finally agreed that a cyberattack could rise to the level of a military assault and could trigger the Article 5 protections, which allow the alliance to go to the collective defense of another member that has been attacked. New research from the Pew Research Center shows that cyberattacks are the second most-feared entity among Americans after ISIS. -
The Biggest Maker of Raspberry Pis Has Been Acquired For $871 Million (theverge.com)
An anonymous reader writes from a report via The Verge: The biggest manufacturer of the Raspberry Pi minicomputer, Premier Farnell, has been acquired by Swiss industrial component supplier Daetwyler Holding AG for roughly $871 million. According to Bloomberg, the deal will reportedly help both companies compete better in the components market. "By combining forces, we significantly increase our competitiveness and extend our product range," Daetwyler Chairman Ulrich said in a statement, "facilitating a one-stop shopping experience for our wide range of customers from a multitude of industries." Premier Farnell is one of the only companies with a license to design and distribute Raspberry Pis. The Wall Street Journal says the Raspberry Pi devices are a big part of the company's business, as the division in charge of the Pi raked in 16 percent of the company's total revenue last year. -
Yahoo Preps Auction For 3,000 Patents Worth $1 Billion (arstechnica.com)
An anonymous reader quotes a report from Ars Technica: The Wall Street Journal reports that bids are being accepted for nearly 3,000 Yahoo patents and pending applications. In April, Yahoo moved 2,659 patents into a patent-holding company called Excalibur IP LLC, which was seen as a first step toward a patent sale. "This represents a unique opportunity for companies operating in the Internet industry to acquire some of the most pioneering and foundational patents related to Web search and advertising," Yahoo said in a statement. Those invited to join the auction include "strategic buyers, private-equity firms, and investment firms focused on intellectual property," according to the Journal. Preliminary bids are due by the middle of this month, and the patents are expected to fetch more than $1 billion, according to "people familiar with the matter" who spoke to the Journal. Bloomberg, which also reported on the patent sale, said there was no official reserve price or bidding guidelines. Yesterday, Verizon submitted a $3 billion bid for Yahoo's core internet business. The sale will include 500 U.S. patents and more than 600 pending applications, but will not include the larger collection of patents going in the patent sale. -
Microsoft Wants To Power Self-Driving Cars With Software, Not Build One (theverge.com)
An anonymous reader writes: Microsoft's Peggy Johnson said at the Converge conference (Warning: WSJ source paywalled) in Hong Kong this week that the company is not interested in manufacturing its own self-driving cars, but instead is interested in building software for cars. "We won't be building our own autonomous vehicle but we would like to enable autonomous vehicles and assisted driving as well," said Johnson, head of business development at Microsoft. "We in different ways enabled a variety of different partners and you'll see us continuing to do that." Microsoft is open to partners requesting an operating system for cars. The company has partnered with Harman to integrate Microsoft Office 365 into its infotainment systems, bringing Word, Excel, and PowerPoint to cars for the first time. "You're sitting in the car for many, many minutes a day. Can that be part of your new office, can it be your new desk, a place where you actually get work done?" asked Johnson. "We believe it can." Two years ago, Microsoft unveiled their "Windows in the car" initiative to compete against Apple's CarPlay. -
Forbes Just Cut Its Estimate of Theranos CEO Elizabeth Holmes's Net Worth From $4.5 Billion To Zero (qz.com)
It wasn't long agon when Elizabeth Holmes, the founder and CEO of Theranos, was regarded as one of the U.S.'s most successful female entrepreneurs with Forbes estimating her net work to be $4.5 billion. Thanks to all the evidence that Theranos' technology is largely a gimmick and false advertising, the publication has revised that figure to essentially zero, reports Quartz. From the report: Last year, Forbes pegged its value at $9 billion, based on the sale of stakes to investors. Since that lofty estimate, Theranos has been battered by bad news (paywalled; alternate source), starting with reports in the Wall Street Journal in October that its tests were inaccurate. That triggered an inquiry from the federal Centers for Medicare and Medicaid Services, which proposed banning Holmes from the industry. Forbes went back to its slide rule and, after talking to venture capitalists and industry experts, recalculated Theranos' value at $900 million, based on its intellectual property and money it has already raised. "At such a low valuation, Holmes' stake is essentially worth nothing," Matt Herper writes. That's because Theranos' other investors own preferred shares, and since Holmes owns common shares, they would get paid first if the company were forced to liquidate. -
Qualcomm To Manufacture Custom Chips For Chinese Market (thestack.com)
An anonymous reader quotes a report from The Stack: Qualcomm president Derek Aberle has suggested that the semiconductor giant is preparing to produce its own custom chips for the Chinese market. [A Wall Street Journal interview with] Aberle revealed that the American company had entered into a joint venture with the local government in Guizhou province to manufacture custom chips starting in the second half of 2016. According to Aberle, the Guizhou government owns 55% of the venture, while Qualcomm owns the remaining 45%. Aberle told the Wall Street Journal that he expects China's server demand to dwarf that of the U.S.. He said of the government-backed venture: "This is really going to be the primary vehicle from which we build our data center business in China. We are actually trying to create the company that is going to be able to win the market here as opposed to just licensing old technology."