Welcome Guest | Sign In
LinuxInsider.com
Consumer Advocates Bemoan Senate Vote to Lift ISP Privacy Restrictions
March 25, 2017
Privacy advocates and consumer groups are fighting back against the U.S. Senate's Thursday vote to undo privacy restrictions on Internet service providers. In a 50-48 party line vote, the Senate approved the Congressional Review Act, S.J. Res. 34. If the House of Representatives gives it the green light, it then will go to the president to be signed into law.
Trust: Why Financial Services Should Embrace DoL's Fiduciary Rule
March 24, 2017
When the Department of Labor issued its fiduciary rule last year, it set financial advisers, insurers and agents into a mad scramble to meet an implementation deadline. The rule elevates all financial professionals who work with retirement plans or provide retirement planning advice to the level of a fiduciary, or someone bound legally and ethically to meet the standards of that status.
Walmart Launches 'Store No. 8' E-Commerce Venture
March 21, 2017
Marc Lore, CEO of Walmart eCommerce U.S., on Tuesday discussed the company's plans to launch a new venture, called "Store No. 8," which will operate as a Silicon Valley incubator for new online stores. The move reflects Walmart's ambition to catch up to Amazon in the e-commerce retail space. Lore unveiled the plans at the annual Shoptalk conference in Las Vegas.
Why Tech Can't Help Donald Trump and Most CEOs
March 20, 2017
The new president is making almost the identical mistake President Obama made during his first two years. Trump has picked a major entitlement to hang his hat on -- the same major entitlement, healthcare -- and shortly will discover what most CIOs know: You don't mess with anything that touches everybody. The likely outcome will be that like Obama, Trump will lose the house in the next election.
Verizon Wakes Up to Join Mobile TV Race
March 17, 2017
Following decades of slow movement due to cable companies facing no competition, the television world is changing rapidly. Lots of challengers have arisen in the pay-TV space in recent years. One of the latest comes from Verizon, which has improved its FiOS mobile app to offer data-free streaming. AT&T's DirecTV started this ball rolling with its wireless TV, or mobile TV, offering.
US Charges 2 Russian Intel Agents, 2 Hackers in Yahoo Case
March 16, 2017
The Justice Department has announced charges against four individuals, including two officers of Russia's FSB, for carrying out a massive cyberbreach that affected about 500 million Yahoo account holders. A federal grand jury in Northern California charged the defendants -- the FSB officials and two Russian cybercriminals -- with using stolen data to gain illegal access to numerous accounts.
Intel Bets $15.3B on Mobileye's Self-Driving Car Tech
March 14, 2017
Intel has agreed to acquire Mobileye, a developer of autonomous vehicle technology, for $15.3 billion. Intel will integrate Mobileye's computer vision and mapping technology for autonomous and semi-autonomous vehicles into its Automated Driving Group, to be led by MobileEye CTO Amnon Shashua. Intel SVP Doug Davis will oversee engagement across various Intel groups, and report directly to Shashua.
Google Nabs Kaggle to Stay Ahead of Data Science Curve
March 13, 2017
Data Science Community Kaggle will be joining Google Cloud, said Fei Fei Li, chief scientist of Google Cloud AI and machine learning, at last week's Google's Next '17 conference. The Kaggle community, which includes 800,000 data experts around the world, use the network to stay up to date on the latest innovations in data science and machine learning, according to Li.
Tech Companies Weigh Responses to WikiLeaks Exposure
March 11, 2017
Following WikiLeaks' publication earlier this week of classified documents stolen from the CIA, major technology companies, including Apple, Samsung, Microsoft and Cisco, have been scrambling to assess the risks posed to their customers by the revelations. The so-called "Vault 7" leak includes information about methods and tools the CIA crafted to hack into products produced by those companies.
Despite Intense Scrutiny, Uber Lays Another Egg
March 10, 2017
Already under the microscope for claims of sexual harassment and questionable labor practices, Uber this week said it would ban the use of a controversial technology to block regulatory authorities from monitoring its operations. The company's "greyballing" technology is designed to hide the standard city app view in specific cases -- for example, from former riders blocked for being abusive.
Autonomous Delivery Robots to Hit Virginia's Streets
March 10, 2017
Autonomous delivery robots will be able to travel on sidewalks, crosswalks and shared-use paths throughout the Commonwealth of Virginia this summer. Gov. Terry McAullife recently signed a law permitting the use of Starship Technologies' Personal Delivery Devices. The six-wheeled robots, which resemble coolers, are designed to deliver parcels, groceries and food within a two-mile radius.
HPE to Buy One-Time Rising Star Nimble for $1B Cash
March 9, 2017
Hewlett Packard Enterprise has inked a deal to acquire flash storage firm Nimble Storage, once viewed as a darling of Wall Street, for $12.50 a share in cash, or $1 billion. HPE also agreed to assume or pay out Nimble Storage's unvested equity awards, which are valued at $200 million. Upon completion of the deal, Nimble Storage will merge with a unit of HPE and become a subsidiary of the company.
Salesforce, IBM Kick Off New Artificial Intelligence Era
March 8, 2017
Salesforce CEO Marc Benioff and IBM CEO Ginni Rometty on Monday announced a global strategic partnership to deliver joint solutions leveraging artificial intelligence. Einstein, the AI that powers Salesforce applications, will be connected seamlessly with IBM's Watson AI platform. The integration is scheduled for availability in the second half, and pricing will be announced at that time.
WikiLeaks Dumps CIA Hacking Docs Online
March 8, 2017
WikiLeaks on Tuesday dumped thousands of classified documents onto the Internet, exposing hacking programs used by the CIA. The torrent of data is just the first in a series of dumps WikLeaks is calling "Vault 7." This first installment includes 8,761 documents and files stolen from an isolated high-security network within the CIA's Center for Cyber Intelligence in Langley, Virginia.
After Blowout IPO, Is Snap a Keeper?
March 3, 2017
Shares of Snapchat owner Snap Inc. soared higher on Friday, following Thursday's successful initial public offering. After debuting at $17.00 on the New York Stock Exchange, Snap shares rose 44 percent to $24.48 on Thursday, well above analyst expectations, placing the company's value at $28 billion. The stock continued to trend upward on Friday, trading at $27.16 by mid-day.
GIT CEO Adriana Gascoigne: More Women in Tech Means More Problems Solved
March 3, 2017
Prior to founding Girls in Tech, Adriana Gascoigne was one of very few women working at a startup. "I'd look around the room every day and see that there was a huge problem of representation. I knew we needed to change the culture of the company to recruit more women and benefit more women, but we also needed diversity in product development ... to make a better product," she recalled.
FCC Reverses Course on Internet Privacy Rules
March 2, 2017
The Federal Communications Commission and the Federal Trade Commission on Tuesday issued a joint statement following the FCC's temporary stay of data security regulations. FCC Chairman Ajit Pai and FTC Acting Chairman Maureen K. Ohlhausen issued the statement to address the FCC's decision, in essence, to overturn rules designed to bolster broadband consumer privacy.
How Deeply Could Bribery Scandal Wound Samsung?
February 28, 2017
South Korean prosecutors on Tuesday indicted Samsung head Lee Jae-yong and four other executives on bribery and embezzlement charges, following a lengthy investigation into Lee's ties with impeached president Park Geun-hye and her confidant, Choi Soon-sil. Charges against Lee, vice chairman of Samsung Group, include pledging bribes to organizations tied to Choi.
Nokia 3310 Pushes Nostalgia Buttons
February 28, 2017
HMD Global, owner of the Nokia phone brand, on Sunday reintroduced the classic 3310 feature phone at the MWC, along with a line of brand new Nokia smartphones that run on the Android platform. The relaunch of the 3310 is the reimagination of one of the world's best-selling feature phones as a sleek, lightweight device that features 22 hours of talk time and an entire month of standby time.
Snap Sells Itself as Camera Company as IPO Nears
February 27, 2017
As it approaches its IPO, Snap, maker of the popular Snapchat messaging app, is positioning itself as a camera company. "We feel like we're really at the beginning of what cameras can do," said Snap CEO Evan Spiegel. "Before, cameras were the best way to perfectly save or record something that you saw. They sort of helped augment memory -- but now, you know, cameras augment the way that we talk."
Apple's New Space Station Ready for Takeoff
February 23, 2017
Apple on Wednesday announced that its long-awaited new headquarters, anchored by a 2.8 million square foot mothership building, is near completion. Named "Apple Park," the complex will make its official debut in April. The 175-acre campus, which falls somewhere between the Pentagon and an Olympic village in terms of size, is the fulfillment of the dream of Apple cofounder Steve Jobs.
GE Digital VP Beena Ammanath: For Most Women, STEM Is an Uphill Battle
February 23, 2017
Beena Ammanath is VP for data and analytics at GE Digital. She has worked in the data analytics field for more than 20 years and serves as board director at ChickTech, a nonprofit dedicated to recruiting girls and women into the tech workforce and retaining them once they're there. Ammanath also serves on the Cal Poly Computer Engineering Program Industrial Advisory Board.
Uber Wants Fleeing Customers to Know It's Hurting
February 23, 2017
Uber has been responding to recent requests to delete customer accounts with a statement that claims "everyone at Uber is deeply hurting" and "it's everyone's number one priority to create change in the coming months and years." The pop-up statement, which Twitter users began circulating on Wednesday, appears to be Uber's latest effort to stem the flow of customers from the company.
Federal IT Acquisition Worth $50B Cleared for Takeoff
February 22, 2017
A major federal acquisition opportunity with a potential contract value of $50 billion for IT vendors is back on track. The GSA recently resumed processing vendor applications after a legal challenge to the contract was resolved in its favor. As a result, the GSA this fall will reveal the names of approximately 60 vendors who will be eligible to participate in the Alliant 2 IT contract vehicle.
US Rep Likens Consumer Financial Protection Bureau to 'Tyranny'
February 21, 2017
The Financial Protection Bureau has come under increasing fire from Republican lawmakers who now have the Trump administration to back their efforts. Long-time critic Rep. Jeb Hensarling, R.-Texas, who chairs the House Financial Services Committee, compared the bureau to a tyranny in a recent interview. Hensarling reportedly is preparing legislation to enact CFPB reforms.
Microsoft Makes VR Drone Fight Simulator Available on GitHub
February 21, 2017
Microsoft has introduced an open source virtual reality toolkit for the training of autonomous drones. The beta software became available on GitHub last week. The toolkit is designed to allow developers to "teach" drones how to navigate the real world by recreating conditions such as shadows, reflections and even objects that might confuse a device's on-board sensors.
Verizon Cuts Better Deal for Breach-Battered Yahoo
February 21, 2017
Verizon and Yahoo on Tuesday announced new terms for the acquisition deal they inked last summer. Verizon will pay $350 million less than the original contract price, which places the new value of the deal at $4.48 billion. Yahoo will be responsible for 50 percent of any breach-related cash liabilities incurred as a result of non-SEC government investigations and third-party litigation, under the new agreement.
Microsoft Seeks Global Cybersecurity Accord
February 18, 2017
Microsoft has called on governments around the world to create a "digital Geneva Convention" as a way to normalize international cybersecurity rules and protect civilian use of the Internet. President Brad Smith, who is also Microsoft's chief legal officer, addressed the issue at the annual RSA conference held earlier this week, saying that governments need to establish international rules.
Toshiba Plunges on Massive Nuclear Writedown, Earnings Delay
February 15, 2017
Toshiba shares fell 8 percent on Tuesday as the company took a $6.3 billion writedown related to its struggling nuclear power business and delayed the release of its fiscal Q3 earnings. Shigenori Shiga, Toshiba's chairman and representative executive officer, resigned effective Wednesday. His resignation in part reflects management taking responsibility for the Westinghouse fiasco.
FTC's Lawsuit Should Make You Feel Very Insecure About the IoT
February 14, 2017
Even though D-Link expressly promised that many of its wireless devices had the highest level of security available, the FTC last month filed a lawsuit that alleges otherwise. The FTC filing includes copies of online marketing materials and technical specifications for D-Link's products, and flatly declares that "thousands of Defendants' routers and cameras have been vulnerable to attacks."
See More Articles in Business Section >>