Domain: wsj.com
Stories and comments across the archive that link to wsj.com.
Stories · 1,821
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Apple Not Allowed To Open Stores In India (reuters.com)
ffkom writes: Reuters reports: "India has said Apple Inc must meet a rule obliging foreign retailers to sell at least 30 percent locally-sourced goods if it wishes to open stores in the country, a senior government official told Reuters. A change in legislation last year exempted foreign retailers selling high-tech goods from the rule, which states 30 percent of the value of goods sold in the store should be made in India. However, Apple's products were not considered to be in this category, said the official, who has direct knowledge of the matter." Now just imagine what Apple stores in the U.S. would look like if 30% of their offerings had to be made in the US... "They did ask for a waiver but didn't provide any material on record to justify it. The decision was taken only after a thorough examination of their application," the source said. Apple planned to open at least three stores in India by the end of 2017. Separate sources said Apple talked with the Indian government about a relaxation of the rule before it filed an application to open stores in the country in January. In a report from The Wall Street Journal (Warning: source may be paywalled), one of India's government officials said, "We are sticking to the old policy. We want local sourcing for job creation. You can't have a situation where people view India only as a market. Let them start doing some manufacturing here." Currently, Apple sells its products "through a network of Indian-owned distribution companies and retailers." -
HPE To Spin Out Its Huge Services Business, Merge It With CSC (cio.com)
itwbennett writes from a report via CIO: Hewlett-Packard Enterprise announced Tuesday that it will spin off its enterprise services business and merge it with IT services company Computer Sciences Corp. (CSC) to create a company with $26 billion in annual revenue. The services business "accounts for roughly 100,000 employees, or two-thirds of the Silicon Valley giant's workforce," according to the Wall Street Journal. In a statement, HPE CEO Meg Whitman said customers would benefit from a "stronger, more versatile services business, better able to innovate and adapt to an ever-changing technology landscape." Layoffs were not a topic of discussion in Tuesday's announcement, but HPE did say last year they would cut 33,000 jobs by 2018, in addition to the 55,000 job cuts it had already announced. The company also split into two last year, betting that the smaller parts will be nimbler and more able to reverse four years of declining sales. -
Live-Action Tetris Movie Secures $80 Million Funding, Plans To Be Part Of A Trilogy (arstechnica.com)
An anonymous reader writes: In 2014, Threshold Entertainment announced it would be producing a live-action film based on the Russian stacking game Tetris. Today, Threshold Entertainment announced it had secured $80 million in funding for the project. Threshold's Larry Kasanoff has worked on the Mortal Kombat film in 1995, which grossed $70 million. Media mogul Bruno Wu, will serve as co-producer on the film ensuring that the movie will be able to sustain any unplanned budget overruns. According to Deadline, the film is planned for a 2017 release with Chinese locations and a Chinese case. However, Kasanoff notes "the goal is to make world movies for the world market." What's more is that the movie could be the basis of a trilogy, the producer says, with a plot that's "not at all what you think; it will be a cool surprise." Kasanoff told the Wall Street Journal that "this isn't a movie with a bunch of lines running around the page. We're not giving feet to the geometric shapes... What you [will] see in Tetris is the teeny tip of an iceberg that has intergalactic significance." -
Amazon To Sell Its Own Private-Label Groceries (techcrunch.com)
An anonymous reader writes: The Wall Street Journal reports Amazon will soon roll-out its own private-label brands of common household items like coffee, diapers, and other perishable groceries. Such offerings include baby food, tea, coffee, spices, and even laundry detergent, and will live under the brand names Happy Belly, Wickedly Prime, and Mama Bear. The products are expected to go on sale as soon as this month, available exclusively for Amazon Prime members. The idea to sell private-label products is nothing new for Amazon. It's been selling consumer electronics devices under its Amazon Basics line for quite some time now. They launched several in-house clothing brands earlier this year as well. In 2014, the company had to recall its Element brand diapers due to a design flaw. With a wider array of private-label goods, especially edible goods, the stakes are only higher, as one recall could severely hurt the company's reputation. -
Amazon To Sell Its Own Private-Label Groceries (techcrunch.com)
An anonymous reader writes: The Wall Street Journal reports Amazon will soon roll-out its own private-label brands of common household items like coffee, diapers, and other perishable groceries. Such offerings include baby food, tea, coffee, spices, and even laundry detergent, and will live under the brand names Happy Belly, Wickedly Prime, and Mama Bear. The products are expected to go on sale as soon as this month, available exclusively for Amazon Prime members. The idea to sell private-label products is nothing new for Amazon. It's been selling consumer electronics devices under its Amazon Basics line for quite some time now. They launched several in-house clothing brands earlier this year as well. In 2014, the company had to recall its Element brand diapers due to a design flaw. With a wider array of private-label goods, especially edible goods, the stakes are only higher, as one recall could severely hurt the company's reputation. -
Apple Invests $1 Billion In Uber's Chinese Rival Didi (bloomberg.com)
An anonymous reader quotes a report from Bloomberg: Apple Inc. invested $1 billion in Chinese ride-sharing service Didi, making one of its biggest bets on software and services and dealing a blow to Uber Technologies Inc.'s ambitions in the country. The iPhone maker will help Uber's largest rival build up a ride-sharing platform that handles more than 11 million rides a day and serves about 300 million users across China, Didi said in a statement on Friday. Executive Officer Tim Cook has highlighted higher-margin services as a growth area and suggested he would use some of its $200 billion-plus cash hoard for investments. The investment in one of China's largest online companies will allow Apple to forge alliances in its single largest market outside of the United States. Didi, incorporated as Xiaoju Kuaizhi Inc., is in the process of raising more than $2 billion at a valuation of about $25 billion, people familiar with the matter have said. It operates in 400 Chinese cities and works with more than 14 million Chinese car owners. The company is Uber's most potent rival and has formed an international coalition with Lyft Inc. in the U.S., India's Ola and Southeast Asia's Grab to fight the globally expanding San Francisco firm. Apple is hoping to reinvigorate lackluster iPhone sales in China with its $1 billion investment in Didi. The last big investment the company made was when it acquired Beats for $3 billion in 2014. -
Open Source Artificial Pancreas Helps Engineer's Son Survive With Type 1 Diabetes
HughPickens.com writes: More than one million Americans live with Type 1 diabetes, an autoimmune condition in which the pancreas stops producing insulin, a hormone needed to turn sugar into energy. Now Kate Linebaugh writes at the WSJ that Jason Calabrese, a software engineer, followed instructions that had been shared online to hack an old insulin pump so it could automatically dose the hormone in response to his son's blood-sugar levels. The Calabreses aren't alone. More than 50 people have soldered, tinkered and written software to make such devices for themselves or their children. Initially, Calabrese worried about the safety of the do-it-yourself project. He built it over two months, and spent weeks testing. At first, he only tried it out on his son on weekends and at night. Once it performed well enough, he said it felt irresponsible not to use it on his 9-year-old son. "Diabetes is dangerous anyway. Insulin is dangerous. I think what we are doing is actually improving that and lowering the risk," says Calabrese. The home-built project that the Calabreses followed is known as OpenAPS. The only restriction of the project is users have to put the system together on their own. As long as the people tinkering with their insulin pumps aren't selling or distributing them, the FDA doesn't have a legal means to stop it. The system involves an outdated insulin pump that communicates with a small radio stick connected to a continuous glucose monitor, a computer motherboard and a battery pack. It is an outgrowth of another open-source project where caregivers developed software to remotely monitor blood-sugar levels. The size of the homemade system varies, and the one that Calabrese carries has come down from the size of a small shoebox to that of a headphone case. He wears his insulin pump and glucose monitor on his belt. "It is clearly for people who have some expertise in computer programming," says Bruce Buckingham. "What it shows is that people are anxious to get something going." -
Open Source Artificial Pancreas Helps Engineer's Son Survive With Type 1 Diabetes
HughPickens.com writes: More than one million Americans live with Type 1 diabetes, an autoimmune condition in which the pancreas stops producing insulin, a hormone needed to turn sugar into energy. Now Kate Linebaugh writes at the WSJ that Jason Calabrese, a software engineer, followed instructions that had been shared online to hack an old insulin pump so it could automatically dose the hormone in response to his son's blood-sugar levels. The Calabreses aren't alone. More than 50 people have soldered, tinkered and written software to make such devices for themselves or their children. Initially, Calabrese worried about the safety of the do-it-yourself project. He built it over two months, and spent weeks testing. At first, he only tried it out on his son on weekends and at night. Once it performed well enough, he said it felt irresponsible not to use it on his 9-year-old son. "Diabetes is dangerous anyway. Insulin is dangerous. I think what we are doing is actually improving that and lowering the risk," says Calabrese. The home-built project that the Calabreses followed is known as OpenAPS. The only restriction of the project is users have to put the system together on their own. As long as the people tinkering with their insulin pumps aren't selling or distributing them, the FDA doesn't have a legal means to stop it. The system involves an outdated insulin pump that communicates with a small radio stick connected to a continuous glucose monitor, a computer motherboard and a battery pack. It is an outgrowth of another open-source project where caregivers developed software to remotely monitor blood-sugar levels. The size of the homemade system varies, and the one that Calabrese carries has come down from the size of a small shoebox to that of a headphone case. He wears his insulin pump and glucose monitor on his belt. "It is clearly for people who have some expertise in computer programming," says Bruce Buckingham. "What it shows is that people are anxious to get something going." -
Germany Had So Much Renewable Energy That It Had To Pay People To Use Electricity (qz.com)
Quartz reports Germany produced so much renewable energy on Sunday, May 8, that commercial customers were being paid to consume electricity: "Thanks to a sunny and windy day, at one point around 1pm the country's solar, wind, hydro and biomass plants were supplying about 55 GW of the 63 GW being consumed, or 87%. Power prices actually went negative for several hours, meaning commercial customers were being paid to consume electricity." Many critics have argued that renewable energy will always have only a niche role in supplying power to consumers, given its daily peaks and troughs. With that said, Germany plans to hit 100% renewable energy by 2050. Denmark, for example, has already generated more electricity than the country consumes from its wind turbines. It now exports the surplus energy to Germany, Norway and Sweden. -
Top Security Experts Say Anti-Encryption Bill Authors Are 'Woefully Ignorant' (dailydot.com)
blottsie writes from a report on the Daily Dot: In a Wall Street Journal editorial titled "Encryption Without Tears," Sens. Richard Burr and Dianne Feinstein pushed back on widespread condemnation of their Compliance with Court Orders Act, which would require tech companies to provide authorities with user data in an "intelligible" format if served with a warrant. But security experts Bruce Schneir, Matthew Green, and others say the lawmakers entirely misunderstand the issue. "On a weekly basis we see gigabytes of that information dumped to the Internet," Green told the Daily Dot. "This is the whole problem that encryption is intended to solve." He added: "You can't hold out the current flaws in the Internet as a justification for why the Internet shouldn't be made secure." "These criticisms of Burr and Feinstein's analogy emphasize an important point about digital security: The differences between the levels of encryption protecting certain types of data -- purchase records on Amazon's servers versus photos on an iPhone, for example -- lead to different levels of risk," writes Eric Geller of the Daily Dot. -
Report: Comcast In Talks To Buy DreamWorks For $3 Billion (usatoday.com)
An anonymous reader quotes a report from USA Today: Comcast is in talks to buy DreamWorks Animation in a multi-billion-dollar deal, The Wall Street Journal and Bloomberg are reporting. The cost of the deal would be more than $3 billion, according to both news organizations, citing unnamed sources. Jeffrey Katzenberg, CEO of DreamWorks Animation, has been searching for a buyer for the company, which has a current market value of $2.3 billion. DreamWorks is based in Glendale, Calif., and was founded in 1994 by Katzenberg, filmmaker Steven Spielberg and movie and music executive David Geffen. The animation unit was spun off in 2004. Philadelphia-based Comcast has two primary businesses, Comcast Cable and NBCUniversal. Comcast also owns Universal Parks and Resorts. Comcast already owns an animation studio, Illumination Entertainment, known for its work on the Despicable Me and Minions movies. -
Apple Has First Earnings Decline In More Than A Decade (go.com)
An anonymous reader writes: Apple has announced its first-ever decline in revenue in the past 13 years as its iPhone sales have slowed down. Apple posted quarterly revenue of $50.6 billion and quarterly net income of $10.5 billion. Last year, the company posted revenue of $58 billion and net income of $13.6 billion. The reason Apple has been so successful is because of the iPhone, which was first released in 2007. What goes up must come down -- and we're starting to see that now. The success of the iPhone is starting plateau and ultimately decrease now that consumers are finding less of a reason to upgrade to the latest and greatest smartphone. Apple CEO Tim Cook pointed to weakening currencies worldwide as one of the obstacles the company would face as iPhone sales were up less than 1 percent year-over-year last quarter. Gene Munster, managing director and senior research analyst at Piper Jaffray, told ABC News, "This has been anticipated for three months now. The reason is nothing [that] is wrong with the iPhone." Munster said this is not worrisome to Apple and that iPhone sales will likely increase by the end of the year when the next iPhone(s) is released. -
Facebook Is Building A Standalone Camera App To Encourage Its 1.6 Billion Users To Share More (theverge.com)
An anonymous reader quotes a report from The Verge: According to a report in The Wall Street Journal, Facebook engineers in London are working on a standalone camera app with a big live-streaming component. Similar to Snapchat, the app would open straight into a camera to foster immediate capturing and posting of photos and videos, as well as letting users stream via Facebook Live. With billions of smartphones in the world and near-ubiquitous high-speed data connections, Facebook sees a huge opportunity to get its 1.6 billion users sharing more than ever before. A camera app may help the company do that, and better compete with Snapchat at the same time. Facebook has recently rolled out a major live video update allowing anyone to post live streams of themselves to their timeline. Previously, only celebrities and public figures were allowed to use the feature. With this new Facebook Live update and standalone camera app reportedly in the works, the only thing holding Mark Zuckerberg back with his plan to triple the size of his social network is affordable internet. -
Your Pay Is About To Go Up (gawker.com)
The Department of Labor's overtime rule is expected to be updated some time later this summer, and when it does, you will soon be entitled to overtime pay if you make less than $50,000 per year. According to Gawker, "It now appears that even if you are a salaried employee or some sort of 'manager,' you will still be entitled to time-and-a-half pay for working more than 40 hours per week, as long as your total salary falls under the threshold." How did they come to this conclusion? Gawker points out that the Department of Labor promotes a Wall Street Journal story which says that "The threshold would be increased to $970, or $50,440 annually. That level is about the 40th percentile of weekly earnings for salaried workers." Hamilton Nolan writes, "This rule has been a matter of political contention for years. But now that it is actually approaching, its import is becoming clear: overtime pay, which has long been isolated to a minority of workers, is about to be extended to almost the entire middle class." -
AIs vs Humans - Next Battle: Starcraft (businessinsider.com)
braindrainbahrain writes: Having conquered checkers, chess, and more recently Go, artificial intelligence research now looks at the next frontier: the popular real-time strategy game of StarCraft.
Blizzard Entertainment's president reached out to Google's DeepMind researchers last month, who are now describing StarCraft as "our likely next target". But many top StarCraft experts believe AIs will fail because "Unlike machines, humans are good at lying," reports the Wall Street Journal. An executive at the Korea e-Sports Association tells them "It's going to be hard for AI to bluff or to trick a human player."
One University of Alberta computer scientist David Churchill counters that âoeWhen the AI finds that the only way to win is to show strength, it will do that. If you want to call that bluffing, then the AI is capable of bluffing, but there's no machismo behind it." Unfortuantely, for five years Churchill has been running AI-vs-human StarCraft tournaments, and "So far, it hasn't even been close... Using a mouse and keyboard, the world's top players can issue 500 or more commands a minute," the Journal reports. But they add that now both Facebook and Microsoft are also working on small StarCraft AI projects. -
Consumer Complaints About Broadband Caps Are Soaring (dslreports.com)
Karl Bode, reporting for DSL Reports: Consumer complaints to the Federal Communications Commission about broadband data caps rose to 7,904 in the second half of 2015 from 863 in the first half, notes a new report by the Wall Street Journal. The Journal filed a Freedom of Information Act request with the agency to obtain the data on complaints, which have spiked as a growing number of fixed-line broadband providers apply caps and overage fees to already pricey connections. According to the Journal, the FCC has received 10,000 consumer complaints about data caps since 2015. -
Verizon and Hearst Team Up To Buy Complex Media (techcrunch.com)
An anonymous reader quotes a report from TechCrunch: Verizon Wireless and Hearst Corp. are set to jointly acquire Complex Media. The "video-first" lifestyle site, focused on pop-culture trends and general entertainment, will continue to operate independently, albeit with Verizon and Hearst now each owning 50 percent stakes in the company. Complex CEO and co-founder Rich Antoniello will continue to lead the company. The WSJ reports that the deal values Complex Media between $250 million and $300 million. "The decision to acquire Complex is certainly a continuation of our media strategy, which is focused on disruption that is occurring in digital media and content distribution, and involves building a portfolio of the emerging digital brands of the future for the millennial and Gen-Z audience," said Brian Angiolet, Verizon's senior vice president of consumer product and marketing. -
Report: Feds To Ban Theranos Founder Elizabeth Holmes For 2 Years (cbsnews.com)
An anonymous reader writes: According to the Wall Street Journal, health regulators have proposed pulling the federal license for the company's California laboratory and banning its founder and CEO, Elizabeth Holmes, and company president Sunny Balwani from the blood-testing business for two years. The letter which the WSJ cited in its report found that Theranos had not corrected problems at its lab in Newark, California, and faced possible sanctions as a result. In October 2015, the WSJ reported all but one of Theranos' analyzers in use were off the shelf, and that their tiny samples may not always have been accurate. The company was facing allegations of data manipulation in late December 2015. Earlier this year, U.S. regulators found serious deficiencies at Theranos' laboratory in Newark, California, putting the company's relationship with the Medicare program in danger. Theranos has said that The Centers for Medicare and Medicaid Services (CMS) has not imposed sanctions on its Newark Lab. "Due to the comprehensive nature of the corrective measures we've taken over the past several months, which has been affirmed by several experts, we are hopeful that CMS won't impose sanctions," the company said in an emailed statement. "But if they do, we will work with CMS to address all of their concerns." -
Siemens and Airbus To Push Electric Aviation Engines (networkworld.com)
coondoggie quotes a report from Networkworld: Siemens and Airbus teamed up today to develop electric and hybrid electric/combustion engines for commercial and private aircraft. The companies said they would amass a joint development team of about 200 employees that would jointly develop prototypes for various propulsion systems with power classes ranging from a few 100 kilowatts up to 10 and more megawatts, for short, local trips with aircraft below 100 seats, helicopters or unmanned aircraft up to classic short and medium-range flights. Hybrid-electric propulsion systems can significantly reduce fuel consumption of aircraft and reduce noise. European emissions targets aim for a 75% reduction of CO2 emissions by 2050. These ambitious goals cannot be achieved by conventional technologies, the companies stated. Airbus has developed a 2-seat electrically powered aircraft, known as the E-Fan. Siemens too has been developing an electric aircraft engine. -
AT&T Looks To Sell Cyanogen-Powered ZTE Phone To Snub Google (droid-life.com)
An anonymous reader writes: According to a report out of The Information, the No. 2 U.S. wireless carrier, ATT, is looking into partnering with Cyanogen because it thinks it could make a compelling Android-alternative smartphone for its customers. In other words, ATT wants to use Cyanogen to help it load more bloatware on phones to help sell their other services, like DirecTV. The Information's report suggests that ATT is "snubbing" Google by partnering with Cyanogen, because if the phone were to sell, it could put a damper on Google's continued attempts at making an Apple-like "consistent experience across all Android." Apparently, ATT is looking to partner with ZTE to manufacture the phone, though the U.S. government issued trade sanctions on them just this month, with allegations that they had tried to "illicitly re-export controlled items to Iran in violation of US export control laws." -
Sony's More Powerful PS4 To Be Announced Before PlayStation VR Launch (polygon.com)
An anonymous reader quotes a report on Polygon about Sony's alleged PlayStation 4K, which Kotaku reported about earlier: Sony's more powerful version of the PlayStation 4 -- also known as the "PlayStation 4.5" and "PlayStation 4K" -- is expected to be announced prior to the launch of PlayStation VR this October, according to a new report from the Wall Street Journal (paywall link). The upgraded PS4 will reportedly be able to play 4K resolution content, according to the report, and deliver "a richer gaming environment, including a high-end virtual-reality experience." -
Starboard Launches Proxy Fight To Remove Entire Yahoo Board (reuters.com)
An anonymous reader quotes a report from Reuters: Activist hedge fund Starboard Value LP moved on Thursday to overthrow the entire board of Yahoo Inc, including Chief Executive Marissa Mayer, who has struggled to turn around the company in her nearly four years at the helm. Starboard, which has been pushing for changes at Yahoo since 2014 and owns about 1.7 percent of the company, said it would nominate nine candidates for the board. The proxy fight comes as Yahoo is pressing ahead with an auction of its core Internet business, which includes search, mail and news sites. Yahoo and Starboard could still come to an agreement before the company's annual meeting, expected to be in late June. If they cannot avoid a proxy fight and the Yahoo board election is taken to a shareholder vote, attention will swing to the large mutual and index funds that own the stock and will carry heavy weight in the final tally. Yahoo and Starboard representatives met on March 10 to discuss ways the two sides could avoid a proxy fight, according to people familiar with the matter. But those talks broke down, in part because Starboard was upset by Yahoo's announcement that same day that it appointed two new board directors, these people say. -
Fast-Food CEO Invests In Machines Because Regulation Makes Them Cheaper Than Employees (yahoo.com)
An anonymous reader writes: The CEO of Carl's Jr., Andy Puzder, has been inspired by the 100-percent automated restaurant, Eatsa, as he looks for ways to deal with rising minimum wages. "With government driving up the cost of labor, it's driving down the number of jobs," he says. "You're going to see automation not just in airports and grocery stores, but in restaurants." Puzder doesn't believe in [the progressive idea of] raising the minimum wage. "Does it really help if Sally makes $3 more an hour if Suzie has no job? If you're making labor more expensive, and automation less expensive -- this is not rocket science," says Puzder. What comes as a challenge is automating employee tasks. This is where he draws the line and doesn't think that it's likely any machine could perform such work. But for more rote tasks like grilling a burger or taking an order, technology may be even more precise than human employees. "They're always polite, they always upsell, they never take a vacation, they never show up late, there's never a slip-and-fall, or an age, sex, or race discrimination case," says Puzder in regard to replacing employees with machines. -
FCC Set To Approve Charter, Time Warner Cable Merger (dslreports.com)
insitus writes: The FCC is getting close to approving Charter's $79 billion acquisition of Time Warner Cable and Bright House Networks. According to a (paywalled) report in the Wall Street Journal, FCC boss Tom Wheeler is expected to circulate an order among fellow commissioners as early as this week that would approve the deal with some conditions. Those conditions would include provisions requiring Charter deliver low-income broadband to select communities. That paywalled WSJ report is here. The story's also at Ars Technica, among others. From Ars' report: If Charter's acquisitions of TWC and Bright House are approved, Charter would become the nation's second largest Internet service provider after Comcast, with the two companies controlling the majority of high-speed Internet subscriptions. Comcast struck a deal to buy Time Warner Cable in February 2014, but it failed to convince the FCC and Department of Justice to approve that merger. Among other things, the agencies were concerned that a bigger Comcast would try to harm online video providers that need access to Comcast's broadband network. -
DoJ Wants Apple To Decrypt 12 More iPhones (macrumors.com)
tlhIngan writes: The Wall Street Journal (paywalled) is reporting that the Department of Justice is seeking Apple's help in decrypting 12 other iPhones that may contain crime-related evidence. The cases are not identified, though a list of the 12 phones in question has come out, but it is not known what level of Apple assistance is required (i.e., how many of those cases are waiting on the FBI request for special firmware to be developed and to be used on "one more phone"). It appears Tim Cook's assertion that hundreds of requests are waiting on this software may not be a fabrication, and the goal is not about just one phone, but to set a precedent to unlock more phones. As TechDirt (which also lists those 12 cases, a list which certainly does not encompass all the phones the Feds would like to peer into) puts it, "[O]nce again, Director Comey was flat out lying when he claimed the FBI has no interest in setting a precedent." -
N. Carolina Senator Drafting Bill To Criminalize Apple's Refusal To Aid Decryption (arstechnica.com)
Ars Technica reports that North Carolina senator Richard Burr says he plans to introduce legislation "to criminalize a company's refusal to aid decryption efforts as part of a governmental investigation." In a USA Today op-ed, Burr, griping that "[t]he newest Apple operating systems allow device access only to users," even Apple itself can't get in," drags out the usual bugaboos: "Murderers, pedophiles, drug dealers and the others are already using this technology to cover their tracks."
Updated Friday 12:40pm EST: The Wall Street Journal reports Senate Panel Chief Decides Against Plan to Criminalize Firms That Don't Decipher Encrypted Messages -
Meteorite Strike Kills Man In India
knwny writes: In what is believed to be the first such incident in modern times, a meteorite strike in India killed a man and injured three others. According to police sources, a loud blast was heard at the site of the strike which also left a four-feet deep crater. Preliminary investigation by forensic and bomb experts showed no sign of any explosive substance at the scene. The second link has a picture of the supposed crater which I believe will interest Slashdotters with experience in this area. -
Xerox Splits Into Two Companies, Icahn Not Behind Move (thestack.com)
An anonymous reader writes: Printer and copier maker Xerox has announced its plans to split into two separate publicly traded companies, giving billionaire Carl Icahn three board seats in the settlement. CEO Ursula Burns has now claimed that the decision was not driven in any way by the activist investor. Burns confirmed that the company had begun looking into its structure and portfolio from October 2015, in order to better reflect changes in the market. She added that no conversations with Icahn took place prior to these reviews, or before it made the final call. Xerox will now be divided into a new business process outsourcing company, and a document technology firm. Burns explained that her role, in either company, has not yet been confirmed. However now that the split is being implemented, leadership discussions will be held shortly, she said. -
Spotify To Launch New Video Product This Week (thestack.com)
An anonymous reader writes: After first announcing the introduction of a video streaming service in May last year, Spotify is finally launching the feature this week. The Swedish company has taken its time tinkering with the new product and beta testing it on groups for months, readying it for its widespread rollout. Not all of the video content will be music-related – keeping the product's potential wide open to different verticals. Spotify has already confirmed partnerships with the BBC, Vice Media, Maker Studios, ESPN, and Comedy Central, among other popular brands. Initially, the video service will only be available in the mobile version of the Spotify app for consumers in the U.S., the UK, Germany and Sweden. It will roll out on Android first, before arriving on iOS a week later. It is also expected to be an ad-free feature at launch, but it is doubtful that it will remain like this for long. -
US Regulators Find Serious Deficiencies At Theranos Lab (wsj.com)
An anonymous reader writes: 2016 has not started well for blood-testing startup Theranos. Already facing allegations of data manipulation, the Centers for Medicare and Medicaid Services have found problems with Theranos' laboratory in Newark, California, putting the company's relationship with the Medicare program in danger. WSJ reports: "It isn't clear exactly what regulators have faulted Theranos for in their latest inspection, which took several months. Adverse findings would be another regulatory setback for one of Silicon Valley's highest-profile startups, valued at about $9 billion in 2014. Theranos already has stopped collecting tiny samples of blood from patients' fingers for all but one of its tests while it waits for the Food and Drug Administration to review the company's applications for wider use of the proprietary vials called 'nanotainers.' In October, the FDA said it had determined that the nanotainers were an 'uncleared medical device.'" -
Gambling State Says the Solar Gamble Is Over
New submitter mdnuclear writes: In a strange echo of the depressed oil economy SolarCity recently announced a layoff of a quarter of its workforce as the apparent result of the Nevada PUC's decision to phase solar net-metering customers down from retail to wholesale per kWh. A scathing editorial in the WSJ last December took both solar leasing companies and their financial underwriters to task, calling net metering a "regressive political income redistribution in support of a putatively progressive cause."
Wednesday the PUC fronted a possible compromise, 'grandfathering' existing net metering customers to their current rates to create a third caste of energy consumers, those who had been in the right place at the right time — for awhile. One who had paid $22k into solar lamented, "I'm not happy; my wife isn't happy, we could have done something else with that money." Like many who leave Vegas, perhaps they should have. But this begs the real question... are net-metering schemes ultimately 'right' or 'wrong' for the grid? -
NSA Cheerleaders Discover Value of Privacy Only When Their Own Is Violated (theintercept.com)
Advocatus Diaboli sends this report from Glen Greenwald: The Wall Street Journal reported yesterday that the NSA under President Obama targeted Israeli Prime Minister Benjamin Netanyahu and his top aides for surveillance. In the process, the agency ended up eavesdropping on "the contents of some of their private conversations with U.S. lawmakers and American-Jewish groups" about how to sabotage the Iran Deal. All sorts of people who spent many years cheering for and defending the NSA and its programs of mass surveillance are suddenly indignant now that they know the eavesdropping included them and their American and Israeli friends rather than just ordinary people. The long-time GOP chairman of the House Intelligence Committee and unyielding NSA defender Pete Hoekstra last night was truly indignant to learn of this surveillance.
In January 2014, I [Greenwald] debated Rep. Hoekstra about NSA spying and he could not have been more mocking and dismissive of the privacy concerns I was invoking. "Spying is a matter of fact," he scoffed. As Andrew Krietz, the journalist who covered that debate, reported, Hoekstra "laughs at foreign governments who are shocked they've been spied on because they, too, gather information" — referring to anger from German and Brazilian leaders. As TechDirt noted, "Hoekstra attacked a bill called the RESTORE Act, that would have granted a tiny bit more oversight over situations where (you guessed it) the NSA was collecting information on Americans." But all that, of course, was before Hoekstra knew that he and his Israeli friends were swept up in the spying of which he was so fond. -
Lessig: Future Tech Will Help Privacy Catch Up With the Internet (wsj.com)
An anonymous reader writes: In a new interview, Harvard law professor Lawrence Lessig shared his view of the future of privacy in this age of data breaches. "The average cost per user of a data breach is now $240 — think of businesses looking at that cost and saying, 'What if I can find a way to not hold that data, but the value of that data?' When we do that, our concept of privacy will be different. Our concept so far is that we should give people control over copies of data. In the future, we will not worry about copies of data, but using data." Lessig sees new technological advancements as the key to shoring up our privacy, which has been eroding since the dawn of the internet. Being able to act on data without holding it is key: "If I ping a service, and it tells me someone is over 18, I don't need to hold that fact. The level of security I have to apply [is not] the same [that] would be required if I was holding all of this data on my servers. This will radically change the burden of security that people will have." -
Allegations of Data Manipulation At Theranos (wsj.com)
An anonymous reader writes: A lengthy report at the Wall Street Journal brings allegations of data manipulation against blood-testing startup Theranos. The company raised hundreds of millions of dollars from investors, at a valuation of roughly $9 billion, on the hope that they can revolutionize medical diagnosis. They've also made agreements with Safeway and Walgreen's to offer blood tests within stores. But multiple former employees say Theranos was shaky on the science at best, and intentionally misrepresentative at worst.
Engineer Anthony Nugent says the device intended for Walgreen's was still experimental. He also recalls seeing the machines labeled "for investigational use only," because of poor accuracy. A Theranos lab worker "told federal authorities that the results from the quality-control runs diverged from the known amount by more than two standard deviations, a red flag that suggested possible accuracy problems." When that employee notified superiors within the company, somebody came and deleted the quality control data, which made the device's test runs appear better than they were. There are also reports that inspectors and auditors were purposefully kept away from parts of Theranos's lab. A Theranos spokesperson denied everything. -
Giant Squid Filmed At Japanese Marina (wsj.com)
overThruster writes: The Wall Street Journal reports: "The rare sight of a giant squid swimming inside a marina was captured on video on the coast of the Sea of Japan. According to a manager at the Mizuhashi Fisherina in Toyama prefecture, about 250 kilometers northwest of Tokyo, one fisherman found a 3.7-meter (12.1-foot) giant squid swimming beneath fishing boats docked at the marina on the morning of Dec. 24." The extraordinary close up video taken by divers shows the giant squid's natural coloration as well as the action of its siphon propelling it through the water. Additional footage here. -
Landlords Want a Share of Renters' Airbnb Revenue (thestack.com)
An anonymous reader writes: A group of leading U.S. property owners, including AvalonBay Communities and Camden Property Trust, have met with lodging rental site Airbnb to discuss ways that they can get a cut of their renters' income. The tech company has faced obstacles to its growth, with residents putting their leases in jeopardy by renting out their places to Airbnb users as temporary accommodation – a form of illegal subletting. A future agreement between owners and tenants could mean renters no longer need to take a risk when letting their apartments on the site. -
Elon Musk, Others Fund $1B Non-Profit To Advance AI Research, Ethics (openai.com)
As reported by The Wall Street Journal, The Verge, and many others (including this widely run Reuters story), a heavily backed non-profit group called OpenAI on Friday introduced itself and its utopian-sounding goals of open sourcing a great deal of AI research and, as The Verge puts it, "to stop AI from ruining the world." Elon Musk and Peter Thiel are two of the backers, along with Y-combinator president Sam Altman and other Silicon Valley luminaries, so the group starts out with a war chest big enough to support a wide range of research -- a billion dollars. According to the Wall Street Journal, The idea for OpenAI crystallized last summer as a result of ongoing discussions between Mr. Musk and Mr. Altman over the future of AI. Mr. Musk has warned in the past that the future of the Earth is at risk if AI develops in the wrong ways. Tesla, one of the companies he leads, is adding autonomous capabilities to its cars that require AI technology such as image recognition. ... OpenAI intends to collaborate with the academic and for-profit worlds, but it also wants to give researchers the freedom to pursue lines of enquiry without pressure to achieve an immediate pay-off. “Our focus is not only doing the right thing for today, but also doing the right thing for 50 years from now,” Mr. Brockman said. -
WSJ: New Education Bill To Get More Coding In Classrooms
theodp writes: The WSJ's Yoree Koh reports that computer science has been recognized as important an academic subject as math and English in the new Every Student Succeeds Act, putting it on equal footing with other subjects when state and local policymakers decide how to dole out federal funds. The law is likely to be a boon for tech companies, Koh adds, which constantly face a shortage of engineers to hire, and have backed Code.org to lobby for computer science teaching in schools. "This legislation will increase access to STEM and computer science learning nationwide and will advance some of the goals outlined in Microsoft's National Talent Strategy," said Microsoft in a blog post. "ESSA makes a number of significant improvements to expand access to computer science education by diverse populations in urban, suburban, and rural areas," explained the ACM. As far as CS and STEM goes, the bill calls for "increasing access 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." -
Cable Providers Still Have No Answer For Netflix As Cord-cutting Accelerates (bgr.com)
An anonymous reader writes with this excerpt from BGR about the rapidly shifting roles of cable companies and streaming media providers: While cable providers over the past few decades have grown fat off of exorbitant cable packages that overcharge and under-deliver, the rise of streaming services like Netflix, Hulu, and Amazon Video are finally righting the ship and shifting the balance of power towards the consumer. Clearly, the cable industry is in the midst of a transition. Netflix in particular, with its ever-growing stable of original content, has proven to be a particularly painful thorn in the side of cable providers who are increasingly struggling to keep subscribers from cutting the cord. Now comes word via The Wall Street Journal that cord cutting isn't just on the rise, but is accelerating rapidly. Citing data recently compiled by eMarketer, the Journal relays that the number of households with cable 'will fall at an accelerating rate for at least the next four years, reaching a 1.4% decline in 2019, eMarketer estimates.' -
Gigster Wants To Be the Uber of Software Development (techcrunch.com)
HughPickens.com writes: Josh Constine writes at TechCrunch that a company named Gigster is trying to bring the Uber business model to software development. Simply: a user sends them an idea, Gigster passes it on to developers who sign up to build software, and when it's done they send back a functioning app. After converting product requirements into a development plan, they let their group of remote developers start hacking away at the code. It has already resulted in a dating app for Muslim millennials, a way for citizens of the developing world to buy electricity, and has over fifty more projects in the pipeline. The entire development process goes through their app, and they charge a flat fee rather than an hourly rate. Gigster developers who satisfy customers can earn karma points and qualify for higher-paying contracts. One major caveat: Gigster will still own the code to the app it designs for you, and it "leases" the software to you. They say they want to be able to reuse certain components on other projects. -
Baidu Speeds Up Driverless Race With First Full Test On Beijing Roads (thestack.com)
An anonymous reader writes: Chinese web giant Baidu has successfully completed a driverless car test route on a variety of road types near the company's Beijing headquarters. The self-driving BMW 3 Series traveled almost two miles, navigating 'complex road conditions.' The vehicle completed a number of maneuvers, including U-turns, lane changes, and joining traffic [WSJ, paywalled] from a motorway ramp. The autonomous car peaked at a speed of 62 miles per hour. According to Baidu, its Highly Automated Driving (HAD) mapping technology is able to capture 3D road data and detect vehicles, lanes and objects to within a matter of centimeters. -
Volkswagen Says Carbon Deviations Much Smaller Than Suspected (wsj.com)
An anonymous reader writes: Back in November, shortly after the Volkswagen emissions scandal broke, the company voluntarily disclosed the results of a quick internal probe which found that 800,000 more vehicles had inconsistencies with their CO2 output. After investigating the issue more fully, the company now says the vast majority of those cars — all but 36,000 — check out just fine. "Following extensive internal investigations and measurement checks, it is now clear that almost all of these model variants do correspond to the CO2 figures originally determine," they said. A report at the Wall Street Journal (paywalled) notes that this is good news, but reminds us that "Volkswagen has yet to clarify the much larger issue of how it came to outfit some 11 million diesel vehicles to cheat in emissions testing for nitrogen oxide." -
Racing a Real Car While Wearing an Oculus VR Headset (wsj.com)
pbahra writes: In a race that fuses video-game technology and real world driving skill, two professional drivers, on two separate but identical tracks, have raced against each other — effectively blind — while wearing virtual reality headsets attached to their crash helmets. The drivers hurtled around the circuit in two identical 2015 V8 Ford Mustangs, trusting that what they were seeing on their Oculus Rift DK2 VR headsets was a true, real-time representation of how their cars were performing on the actual track. One of the main challenges: tracking the cars' exact positions as they sped around the track without the need for re-calibration. This was necessary so that an exact match could be achieved between what was happening on the physical track and its representation on the VR screens. -
The Race To Create a Hyperloop Heats Up (wsj.com)
An anonymous reader writes: When Elon Musk unveiled his idea for the "Hyperloop" transportation system based on capsules zipping through depressurized tubes, much was made about the enormous technical challenges the system would face in development. However, that didn't stop a number of companies and organizations from starting to work on it. Several companies are pushing the development work hard, and it's shaping up like a race to a workable prototype. University teams are only increasing their efforts as well. "The Illinois team enters the SpaceX contest with a strong competitive edge. This is its fourth Hyperloop design project, the first dating to fall 2013, and the Hyperloop is now a part of the MechSE curriculum. The team has assembled an interdisciplinary network of faculty from aeronautical engineering, thermal dynamics, mechanical engineering, electronic engineering and software, and two of the team members have interned at SpaceX." -
Yahoo Discussing Sale of Internet Business (bloomberg.com)
An anonymous reader writes: According to a new report from the Wall Street Journal (paywalled), Yahoo!'s board of directors is considering the sale of their internet business in a series of meetings starting today. "Growing concerns around Chief Executive Marissa Mayer's lack of progress turning around Yahoo and an exodus of top executives have increased pressure on the company's board to consider her future and alternatives to her turnaround attempt, now in its fourth year. ... Much of the value of Yahoo's $31 billion market capitalization is tied up in two large Asian assets, Alibaba and Yahoo Japan. Its 15% stake in Alibaba is now worth about $32 billion, and its 35% stake in Yahoo Japan is now worth about $8.5 billion. Yahoo's cash and short-term investments totaled $5.9 billion at the end of the third quarter. That would mean investors are valuing Yahoo's core business at less than zero if the Asian assets were spun out tax-free." -
Air Asia Pilot Response Leads To Plane Crashing (wsj.com)
hcs_$reboot writes: The investigation took a year, but we finally know why Air Asia Flight QZ8501, en route to Singapore from the Indonesian city of Surabaya on December 28 last year, crashed into the Java Sea, killing all 162 people on board. The crash was caused by a combination of system malfunctions and improper pilot responses to cascading electrical and rudder-system problems. A cracked solder joint on the Airbus A320 resulted in an electrical interruption that caused computer-generated warnings of a rudder malfunction. The problem occurred four times during the flight. The first three times, the flight crew responded according to standard procedure, investigators said. The fourth time, however, the flight-data recorder indicated actions similar to those of circuit breakers being reset. That led the autopilot to disengage. Investigators said the crew was unable to react appropriately to "a prolonged stall condition," ending in the crash. The investigation points to weaknesses in pilot training in dealing with upsets, or when an aircraft is angled greater than 45 degrees. -
Apple Apparently Planning Mobile Peer-To-Peer Payment Service (thestack.com)
An anonymous reader writes: According to the Wall Street Journal, Apple is planning peer-to-peer services (paywalled) as an adjunct to its Apple Pay system. The company is said to be in talks with major banks including JP Morgan and Wells Fargo to develop a new framework that could be in place as early as 2016, and which would facilitate payment transfers directly between Apple devices such as the iPhone and the Apple Watch. -
GE CTO On Moving 9,000 Apps To the Public Cloud
StewBeans writes: The Wall Street Journal recently published a special report on the staggering growth of the hybrid cloud, citing research from multiple sources, including survey results from Gartner indicating that 75% of large enterprises planned to take advantage of the hybrid cloud by end of this year. The article said that, "CIOs are demanding a way to combine the best of the cloud with their own localized data centers. Few companies or organizations are willing or able to move all of their IT to the public cloud." GE is apparently one of those few companies, because the CTO of Cloud for GE recently wrote that they are moving the vast bulk of their 9,000 applications into the public cloud. In the article, he explains how they came to this counterintuitive decision, their strategy for moving so many apps to the cloud, and why he's more optimistic about the public cloud versus hybrid or private. -
Report: Google To Fold Chrome OS Into Android (wsj.com)
An anonymous reader writes: According to a report at the Wall Street Journal (paywalled) Google plans to merge its Chrome operating system into Android. Google engineers have already been working on this transition for two years; the company expects to have a functioning preview next year, and a finished product in 2017. "The move is also an attempt by Google to get Android running on as many devices as possible to reach as many people as possible. The operating system runs phones, tablets, watches, TVs and car infotainment systems. Adding laptops could increase Android's user base considerably. That should help Google woo more outside developers who want to write apps once and have them work on as many gadgets as possible, with little modification." This doesn't mean Chrome OS is on its way out. According to public statements from Google execs, it will continue to exist and see active development. -
Does Government Science Funding Drive Innovation? (wsj.com)
An anonymous reader writes: In a Wall Street Journal op-ed piece, British businessman and science journalist Matt Ridley argues that basic science research does not lead to technological innovation, and therefore isn't deserving of taxpayer funding. Ridley says, "Increasingly, technology is developing the kind of autonomy that hitherto characterized biological entities. The Stanford economist Brian Arthur argues that technology is self-organizing and can, in effect, reproduce and adapt to its environment. ... The implications of this new way of seeing technology—as an autonomous, evolving entity that continues to progress whoever is in charge—are startling. People are pawns in a process. We ride rather than drive the innovation wave. Technology will find its inventors, rather than vice versa.
Patents and copyright laws grant too much credit and reward to individuals and imply that technology evolves by jerks. Recall that the original rationale for granting patents was not to reward inventors with monopoly profits but to encourage them to share their inventions. ... It follows that there is less need for government to fund science: Industry will do this itself. Having made innovations, it will then pay for research into the principles behind them. Having invented the steam engine, it will pay for thermodynamics."