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Stories · 3,636
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Bitcoin Surges 10% To All-Time High Above $2,700, Has Now Doubled in May (cnbc.com)
An anonymous reader writes: In another intraday jump of more than $200, bitcoin surged to a record Thursday on strong Asian demand overnight. Bitcoin jumped more than 10 percent to an all-time high of $2,752.07, more than twice its April 30 price of $1,347.96 according to CoinDesk. The digital currency last traded near $2,726. At Thursday's record, Bitcoin has now gained more than 45 percent since last Thursday and more than 180 percent for the year so far. "There is no question that we are in the middle of a price frenzy," said Brian Kelly of BKCM, in a note to clients Thursday. "There will be a correction and it could be severe, but it's unclear if that correction will start from current prices of $2700 or from some place much higher."
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Airbnb Is Running Its Own Internal University To Teach Data Science (techcrunch.com)
In an effort to fill the demand for trained data scientists, Airbnb will be running its own university-style program, complete with a custom course-numbering system. Since traditional online programs like Coursera and Udacity weren't getting the job done because they weren't tailored to Airbnb's internal data and tools, the company "decided to design a bunch of courses of its own around three levels of instruction for different employee needs," reports TechCrunch. From the report: 100-level classes on data-informed decision making have been designed to be applicable to all teams, including human resources and business development. Middle-tier classes on SQL and Superset have enabled some non-technical employees to take on roles as project managers, and more intensive courses on Python and machine learning have helped engineers brush up on necessary skills for projects. Since launching the program in Q3 2016, Airbnb has seen the weekly active users of its internal data science tools rise from 30 to 45 percent. A total of 500 Airbnb employees have taken at least one class -- and Airbnb has yet to expand the program to all 22 of its offices.
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'Coding Is Not Fun, It's Technically and Ethically Complex' (qz.com)
An anonymous reader shares an article: For starters, the profile of a programmer's mind is pretty uncommon. As well as being highly analytical and creative, software developers need almost superhuman focus to manage the complexity of their tasks. Manic attention to detail is a must; slovenliness is verboten. Coding isn't the only job that demands intense focus. But you'd never hear someone say that brain surgery is "fun," or that structural engineering is "easy." When it comes to programming, why do policymakers and technologists pretend otherwise? For one, it helps lure people to the field at a time when software (in the words of the venture capitalist Marc Andreessen) is "eating the world" -- and so, by expanding the labor pool, keeps industry ticking over and wages under control. Another reason is that the very word "coding" sounds routine and repetitive, as though there's some sort of key that developers apply by rote to crack any given problem. It doesn't help that Hollywood has cast the "coder" as a socially challenged, type-first-think-later hacker, inevitably white and male, with the power to thwart the Nazis or penetrate the CIA. Insisting on the glamor and fun of coding is the wrong way to acquaint kids with computer science. It insults their intelligence and plants the pernicious notion in their heads that you don't need discipline in order to progress. As anyone with even minimal exposure to making software knows, behind a minute of typing lies an hour of study. It's better to admit that coding is complicated, technically and ethically. Computers, at the moment, can only execute orders, to varying degrees of sophistication. So it's up to the developer to be clear: the machine does what you say, not what you mean. More and more "decisions" are being entrusted to software, including life-or-death ones: think self-driving cars; think semi-autonomous weapons; think Facebook and Google making inferences about your marital, psychological, or physical status, before selling it to the highest bidder. Yet it's rarely in the interests of companies and governments to encourage us to probe what's going on beneath these processes.
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Nokia Uses Lawsuit To Make Apple Its Friend (bbc.com)
Apple has settled a patent dispute with Finnish telecom equipment maker Nokia and agreed to buy more of its network products and services. The deal means Nokia will get bigger royalties from Apple for using its mobile phone patents, helping offset the impact of waning demand for its mobile network hardware. Nokia's shares were up by seven percent following the announcement. WSJ puts things into perspective: Nokia's deal with Apple follows a highly unusual playbook: using a lawsuit to win business from your adversary (could be paywalled). When the first iPhone was unveiled a decade ago, Apple became a major competitor to the Finnish group, which was then the world's leading mobile-phone maker. As Nokia's business dwindled, the companies became legal antagonists. Now they are set to become business partners. The settlement announced Tuesday involves Apple paying Nokia a lump sum plus royalties for each device it sells using Nokia's technology. This is broadly the same kind of agreement the two sides reached in 2011 following a two-year lawsuit. The previous deal expired last year, which is why both sides launched fresh suits in December. In the aftermath of the lawsuit last year, Apple had pulled all Withings products from its stores. As part of the settlement, Apple said it will reverse that move.
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Microsoft Wants To Use DNA For Cloud Data Storage (technologyreview.com)
Last July, researchers from Microsoft and the University of Washington said that they had successfully encoded about 200 megabytes of data onto synthetic DNA molecules. The company is now planning to take the technology commercial. "Computer architects at Microsoft Research say the company has formalized a goal of having an operational storage system based on DNA working inside a data center toward the end of this decade," reports MIT Technology Review. "The aim is a 'proto-commercial system in three years storing some amount of data on DNA in one of our four centers for at least a boutique application,' says Doug Carmean, a partner architect at Microsoft Research." From the report: Internally, Microsoft harbors the even more ambitious goal of replacing tape drives, a common format used for archiving information. Major obstacles to a practical storage system remain. Converting digital bits into DNA code (made up of chains of nucleotides labeled A, G, C, and T) remains laborious and expensive because of the chemical process used to manufacture DNA strands. In its demonstration project, Microsoft used 13,448,372 unique pieces of DNA. Experts say buying that much material on the open market would cost $800,000. According to Microsoft, the cost of DNA storage needs to fall by a factor of 10,000 before it becomes widely adopted. While many experts say that's unlikely, Microsoft believes such advances could occur if the computer industry demands them.
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Baking Soda Shortage Has Hospitals Frantic, Delaying Treatments and Surgeries (arstechnica.com)
An anonymous reader quotes a report from Ars Technica: Amid a national shortage of a critical medicine, US hospitals are hoarding vials, delaying surgeries, and turning away patients, The New York Times reports. The medicine in short supply: solutions of sodium bicarbonate -- aka, baking soda. The simple drug is used in all sorts of treatments, from chemotherapies to those for organ failure. It can help correct the pH of blood and ease the pain of stitches. It is used in open-heart surgery, can help reverse poisonings, and is kept on emergency crash carts. But, however basic and life-saving, the drug has been in short supply since around February. The country's two suppliers, Pfizer and Amphastar, ran low following an issue with one of Pfizer's suppliers -- the issue was undisclosed due to confidentiality agreements. Amphastar's supplies took a hit with a spike in demand from desperate Pfizer customers. Both companies told the NYT that they don't know when exactly supplies will be restored. They speculate that it will be no earlier than June or August. With the shortage of sodium bicarbonate, hospitals are postponing surgeries and chemotherapy treatments. A hospital in Mobile, Alabama, for example, postponed seven open-heart surgeries and sent one critically ill patient to another hospital due to the shortage.
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Movie Piracy Blackmail Plot Fails In India, Six Arrested (torrentfreak.com)
An anonymous reader quote's TorrentFreak's report about "a plot against Baahubali 2: The Conclusion, a record-breaking movie taking India by storm." Someone posing as a "film anti-piracy activist" told the company that a pirated copy of the movie had been obtained and if a ransom wasn't paid, a leak onto the Internet would be inevitable... Following the call Arka Mediaworks immediately involved the police, who advised the company to engage the 'kidnappers' in dialog to obtain proof that they had the movie in question. That was delivered in the form of a high-definition sample of the movie, a move that was to mark the beginning of the end for those attempting to extort Arka Mediaworks. It's unclear whether those who sent the sample were aware, but the movie was forensically or otherwise marked, something which allowed police and investigators to track the copy back to a specific theater... shortly after the owner of the theater was arrested by police. This was followed by the arrest of the person who allegedly called Arka Mediaworks with the ransom demand. From there, police were led to other co-conspirators. In total, six arrests were made, with two of the men already known to police.
TorrentFreak calls the ransoming of movies "a worrying trend in 2017" that's "damaging the image of piracy further, if that was even possible." -
The Working Dead: Which IT Jobs Are Bound For Extinction? (infoworld.com)
Slashdot reader snydeq shares an InfoWorld article identifying "The Working Dead: IT Jobs Bound For Extinction." Here's some of its predictions.
- The president of one job leadership consultancy argues C and C++ coders will soon be as obsolete as Cobol programmers. "The entire world has gone to Java or .Net. You still find C++ coders in financial companies because their systems are built on that, but they're disappearing."
- A data scientist at Stack Overflow "says demand for PHP, WordPress, and LAMP skills are seeing a steady decline, while newer frameworks and languages like React, Angular, and Scala are on the rise."
- The CEO and co-founder of an anonymous virtual private network service says "The rise of Azure and the Linux takeover has put most Windows admins out of work. Many of my old colleagues have had to retrain for Linux or go into something else entirely."
- In addition, "Thanks to the massive migration to the cloud, listings for jobs that involve maintaining IT infrastructure, like network engineer or system administrator, are trending downward, notes Terence Chiu, vice president of careers site Indeed Prime."
- The CTO of the job site Ladders adds that Smalltalk, Flex, and Pascal "quickly went from being popular to being only useful for maintaining older systems. Engineers and programmers need to continually learn new languages, or they'll find themselves maintaining systems instead of creating new products."
- The president of Dice.com says "Right now, Java and Python are really hot. In five years they may not be... jobs are changing all the time, and that's a real pain point for tech professionals."
But the regional dean of Northeastern University-Silicon Valley has the glummest prediction of all. "If I were to look at a crystal ball, I don't think the world's going to need as many coders after 2020. Ninety percent of coding is taking some business specs and translating them into computer logic. That's really ripe for machine learning and low-end AI."
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Uber Starts Charging What It Thinks You're Willing To Pay (bloomberg.com)
An anonymous reader quotes a report from Motherboard: Uber drivers have been complaining that the gap between the fare a rider pays and what the driver receives is getting wider. After months of unsatisfying answers, Uber is providing an explanation: It's charging some passengers more because it needs the extra cash. The company detailed for the first time in an interview with Bloomberg a new pricing system that's been in testing for months in certain cities. On Friday, Uber acknowledged to drivers the discrepancy between their compensation and what riders pay. The new fare system is called "route-based pricing," and it charges customers based on what it predicts they're willing to pay. It's a break from the past, when Uber calculated fares using a combination of mileage, time and multipliers based on geographic demand. Daniel Graf, Uber's head of product, said the company applies machine-learning techniques to estimate how much groups of customers are willing to shell out for a ride. Uber calculates riders' propensity for paying a higher price for a particular route at a certain time of day. For instance, someone traveling from a wealthy neighborhood to another tony spot might be asked to pay more than another person heading to a poorer part of town, even if demand, traffic and distance are the same.
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Uber Threatens To Fire Engineer Accused of Stealing Trade Secrets From Waymo (gizmodo.com)
Uber's general counsel Salle Yoo has warned Anthony Levandowski that if he doesn't return the files he's accused of stealing from Google's self-driving car unit and using them to develop similar technology at Uber, or open deny taking them, he could be fired. Gizmodo reports: Uber's general counsel Salle Yoo warned Levandowski in a letter sent Monday and made public last night that, if he didn't return the stolen files or openly deny taking them, he could be fired. The letter is a result of a court order issued Monday, and Levandowski has until the end of the month to comply. "We understand that this letter requires you to turn over information wherever located, including but not limited to, your personal devices, and to waive any Fifth Amendment protection you may have," Yoo wrote. "While we have respected your personal liberties, it is our view that the Court's Order requires us to make these demands of you." Despite the allegations against him, Levandowski's job at Uber has been protected so far by his reputation as a rising star in the self-driving industry and his close friendship with CEO Travis Kalanick, who called Levandowski his brother from another mother. However, Yoo's letter hints that the tide at Uber may be turning against Levandowsk -- in addition to demanding he return Waymo's documents, Yoo also asks Levandowski to return any Uber files he may have and to only use Uber-issued devices for work, where his actions will be monitored. "If you have not fully complied with our prior request to return all Uber-owned documents in your possession, custody, or control, you must immediately return all such documents to us," Yoo wrote.
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About 37,000 AT&T Workers Go On Three-Day Strike (reuters.com)
Roughly 37,000 AT&T workers -- less than 14 percent of the company's total workforce -- began a three-day strike on Friday after failing to reach an agreement with the No. 2 U.S. wireless carrier over new contracts. Reuters reports: This is the first time that AT&T wireless workers are on strike, which could result in closed retail stores during the weekend, according to the Communications Workers of America (CWA) union. The workers on strike are members of the CWA. The workers are demanding wage increases that cover rising healthcare costs, job security against outsourcing, affordable healthcare and a fair scheduling policy. Slightly over half of the workers on strike are part of the wireless segment and the rest wireline workers, including a small number of DirecTV technicians, AT&T spokesman Marty Richter told Reuters. The CWA had said on Wednesday that wireless workers across 36 states and Washington, D.C. would walk-off their jobs if an agreement was not reached by Friday 3 p.m. ET.
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Elsevier Wants $15 Million In 'Piracy' Damages From Sci-Hub and Libgen (torrentfreak.com)
lbalbalba writes: Elsevier, one of the largest academic publishers, is demanding $15 million in damages from Sci-Hub and LibGen, who make paywalled scientific research papers freely available to the public [without permission]. A good chunk of these papers are copyrighted, many by Elsevier. Elsevier has requested a default judgment of $15 million against the defendants for their "truly egregious conduct" and "staggering" infringement. Sci-Hub's efforts are backed by many prominent scholars, who argue that tax-funded research should be accessible to everyone. Others counter that the site doesn't necessarily help the "open access" movement move forward. Sci-Hub's founder Alexandra Elbakyan defends her position and believes that what she does is helping millions of less privileged researchers to do their work properly by providing free access to research results.
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Windows XP PCs Infected By WannaCry Can Be Decrypted Without Paying Ransom (arstechnica.com)
An anonymous reader quotes a report from Ars Technica: Owners of some Windows XP computers infected by the WCry ransomware may be able to decrypt their data without making the $300 to $600 payment demand, a researcher said Thursday. Adrien Guinet, a researcher with France-based Quarkslab, has released software that he said allowed him to recover the secret decryption key required to restore an infected XP computer in his lab. The software has not yet been tested to see if it works reliably on a large variety of XP computers, and even when it does work, there are limitations. The recovery technique is also of limited value because Windows XP computers weren't affected by last week's major outbreak of WCry. Still, it may be helpful to XP users hit in other campaigns. "This software has only been tested and known to work under Windows XP," he wrote in a readme note accompanying his app, which he calls Wannakey. "In order to work, your computer must not have been rebooted after being infected. Please also note that you need some luck for this to work (see below), and so it might not work in every case!"
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More Than 35,000 AT&T Workers Threaten Weekend Strike (fortune.com)
More than 35,000 AT&T workers plan to go on strike on Friday if they don't reach an agreement with the company for new contracts. From a report: The Communications Workers of America union said about 17,000 workers in AT&T's traditional wireline telephone and Internet business in Nevada and California who have been working without a contract for over a year would walk off the job on Friday afternoon for a three day strike if no deal is reached. On Tuesday, the union made a similar threat for 21,000 workers in AT&T's wireless business spread across 36 states and Washington, D.C. Workers are fed up with delays in the negotiations, Dennis Trainor, vice president of CWA District 1, said. "Now, AT&T is facing the possibility of closed stores for the first time ever," Trainor said. "Our demands are clear and have been for months: fair contract or strike. It's now in AT&T's hands to stand with workers or at 3pm Eastern Time on Friday workers will be off the job and onto picket lines across the country."
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Qualcomm Sues Apple Contract Manufacturers (reuters.com)
Qualcomm on Wednesday sued the manufacturers that make iPhones for Apple for failing to pay royalties on the chip maker's technology, widening its legal battle with the world's most valuable company. Qualcomm's lawsuit, filed Wednesday in a federal district court in San Diego, accuses Compal, Foxconn, Pegatron, and Wistron of breaching longstanding patent-licensing agreements with Qualcomm by halting royalty payments on Qualcomm technology used in iPhones and iPads. From a report: Apple sued Qualcomm in January, accusing it of overcharging for chips and refusing to pay some $1 billion in promised rebates. Qualcomm said in the complaint that Apple is trying to force the company to agree to a "unreasonable demand for a below-market direct license." Qualcomm said last month that Apple had decided to withhold royalty payments to its contract manufacturers that are owed to the chipmaker, for sales made in the first quarter of 2017, until the dispute is resolved in court. "While not disputing their contractual obligations to pay for the use of Qualcomm's inventions, the manufacturers say they must follow Apple's instructions not to pay," Qualcomm said in a statement on Wednesday.
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All Fossil-Fuel Vehicles Will Vanish In 8 Years, Says Stanford Study (financialpost.com)
Stanford University economist Tony Seba forecasts in his new report that petrol or diesel cars, buses, or trucks will no longer be sold anywhere in the world within the next eight years. As a result, the transportation market will transition and switch entirely to electrification, "leading to a collapse of oil prices and the demise of the petroleum industry as we have known it for a century," reports Financial Post. From the report: Seba's premise is that people will stop driving altogether. They will switch en masse to self-drive electric vehicles (EVs) that are ten times cheaper to run than fossil-based cars, with a near-zero marginal cost of fuel and an expected lifespan of 1 million miles. Only nostalgics will cling to the old habit of car ownership. The rest will adapt to vehicles on demand. It will become harder to find a petrol station, spares, or anybody to fix the 2,000 moving parts that bedevil the internal combustion engine. Dealers will disappear by 2024. Cities will ban human drivers once the data confirms how dangerous they can be behind a wheel. This will spread to suburbs, and then beyond. There will be a "mass stranding of existing vehicles." The value of second-hard cars will plunge. You will have to pay to dispose of your old vehicle. It is a twin "death spiral" for big oil and big autos, with ugly implications for some big companies on the London Stock Exchange unless they adapt in time. The long-term price of crude will fall to $25 a barrel. Most forms of shale and deep-water drilling will no longer be viable. Assets will be stranded. Scotland will forfeit any North Sea bonanza. Russia, Saudi Arabia, Nigeria, and Venezuela will be in trouble.
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Disney Chief Bob Iger Says Hackers Claim To Have Stolen Upcoming Movie (hollywoodreporter.com)
An anonymous reader quotes a report from Hollywood Reporter: Walt Disney CEO Bob Iger revealed Monday that hackers claiming to have access to a Disney movie threatened to release it unless the studio paid a ransom. Iger didn't disclose the name of the film, but said Disney is refusing to pay. The studio is working with federal investigators. Iger's comments came during a town hall meeting with ABC employees in New York City, according to multiple sources. The Disney chief said the hackers demanded that a huge sum be paid in Bitcoin. They said they would release five minutes of the film at first, and then in 20-minute chunks until their financial demands are met. While movie piracy has long been a scourge, ransoms appear to be a new twist. UPDATE: According to Deadline, the movie in question appears to be the upcoming film Pirates of the Caribbean: Dead Men Tell No Tales. Disney appears to be working with the FBI and will not pay the ransom.
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Judge's Order Bars Uber Engineer From LiDAR Work, Demands Returns of Stolen Files (arstechnica.com)
An anonymous reader quotes a report from Ars Technica: A U.S. federal judge has ordered Uber to bar its top self-driving car engineer from any work on LiDAR, and return stolen files to Google's self-driving car unit Waymo. Today's order by U.S. District Judge William Alsup demands Uber do "whatever it can to ensure that its employees return 14,000-plus pilfered files to their rightful owner." The files must be returned by May 31. The order was granted last week, but just made public in an unsealed document this morning. U.S. District Judge William Alsup found that Uber "likely knew or at least should have known" that the man it hired as its top self-driving car engineer, Anthony Levandowski, took and kept more than 14,000 Waymo files. Those files "likely contain at least some trade secrets," making some "provisional relief" for Waymo appropriate. Levandowski has previously asserted his Fifth Amendment rights with respect to his possession of the files. "If Uber were to threaten Levandowski with termination for noncompliance, that threat would be backed up by only Uber's power as a private employer, and Levandowski would remain free to forfeit his private employment to preserve his Fifth Amendment privilege," Alsup wrote. Several factors limit the amount of relief Waymo might receive. First of all, in the judge's view, not all of the 121 elements that Waymo defines as "trade secrets" are really trade secrets. Additionally, the judge has slapped aside Waymo's patent infringement accusations as "meritless."
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Cyberattacks From WannaCry Ransomware Slow But Fears Remain (bbc.com)
WannaCry ransomware, which has spread across 150 countries, appears to be slowing down with few reports of fresh attacks in Asia and Europe on Monday. A report on BBC adds: However staff beginning the working week have been told to be careful. The WannaCry ransomware started taking over users' files on Friday, demanding $300 to restore access. Hundreds of thousands of computers have been affected so far. Computer giant Microsoft said the attack should serve as a wake-up call. BBC analysis of three accounts linked to the ransom demands suggests only about $38,000 had been paid by Monday morning.
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Why Amanda Palmer Left the Music 'Industry' For Crowdfunding (digitaltrends.com)
Amanda Palmer says abandoning the commercial music industry for a subscription model made it possible to take more chances, like a new album with psychedelia artist Edward Ka-Spel. An anonymous reader quotes Digital Trends: I spent my whole life in this music industry trying to figure out how to sell what I'm making. But I don't "sell" anymore -- I just have this magical net of supporters who are supporting me whether I choose to make a record with Edward or make a record with my dad, which I did last year... [S]ometimes, you absolutely want to do ridiculous, noncommercial stuff. The Patreon patrons have been a godsend in that sense. I've had to continually re-educate myself that this isn't about selling music. It's about making music. I got so used to those two being inseparable that it took a lot of psychological work to divorce the processes.
She says her supporters "haven't just promised; they've put down their credit card." And Neil Gaiman, her husband, also strongly endorses the freedom to experiment. "If, as an artist, you ever listen to your fans' demands, and their demands are always insisting you make the last thing they liked again, you would go nowhere."