Businesses

Apple's Jonathan Ive Says Immigration Vital For UK Firms (bbc.com) 68

The UK must keep its doors open to top talent from around the world if its technology firms are to thrive, Apple's chief designer has told the BBC. An anonymous reader shares the article: Sir Jonathan Ive, who has just been appointed Chancellor of the Royal College of Art, also said that technology hubs like Silicon Valley had a "tremendous cultural diversity". Some technology firms fear they may lose access to talent after Brexit. "That general principle [on access] is terribly important for creating a context for multiple companies to grow and in a healthy way explore and develop new products and new product types," Sir Jonathan told BBC Radio 4's Today programme. Sir Jonathan said the UK had a "fabulous tradition of design education", but that it needed to do more to become a technology hub on a par with Silicon Valley in California, where the likes of Apple, Facebook and Google are based. "I think Silicon Valley has infrastructures to support start-up companies... ranging from technological support through to funding," he said. "And there is the sense that failure isn't irreversible, so very often people will work on an idea, and there isn't the same sense of stigma when one idea and perhaps one company doesn't work out."
Television

Cord-Cutters Are Ditching Their Cable Packages At the Fastest Rate Ever (axios.com) 156

Sara Fischer, writing for Axios: Cord-cutters are ditching their cable packages at the fastest rate ever, opting instead for cheaper, bundled digital TV options, according to the latest Magid Broadcast Study. The trend reflects consumers' preferences to ditch bundled cable packages for more affordable, niche bundled services that can be accessed on TV box tops or on mobile. For consumers, there are more bundled packages than ever, all popping up around similar price ranges. YouTube TV and Hulu TV launched within the past two month, joining the likes of SlingTV and DirectTV Now -- all at a roughly $40 monthly price point -- a bargain considering the average American pays $92 monthly for cable.
Businesses

The Cable TV Industry Is Getting Even Less Popular (fortune.com) 86

Aaron Pressman, writing for Fortune: It seems nobody loves their cable TV or home Internet provider. Wireless carriers, however, are on the upswing.That's the news from the huge annual survey of 43 industries from the American Customer Satisfaction Index. In 2017, cable operators and ISP tied for last place, with an average customer satisfaction rating of just 64 percent. The wireless industry was still near the bottom of the rankings, in 38th place, just below the U.S. postal system. But its 73 percent score was up almost three percentage points from last year. Many of the same companies, like Comcast and Verizon, dominate both fields, ACSI noted. And neither industry offer much choice to consumers, with most localities having only one or two cable and Internet providers. The cable industry's rating slipped 1.5 percentage points from last year, while the rating for ISPs was unchanged.
Bitcoin

Bitcoin Surges 10% To All-Time High Above $2,700, Has Now Doubled in May (cnbc.com) 130

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."
Facebook

Facebook Signs BuzzFeed, Vox, Others For Original Video Shows (reuters.com) 15

Facebook has signed deals with Vox Media, BuzzFeed, ATTN, Group Nine Media and others to make shows for its upcoming video service, which will feature long and short-form content with ad breaks. The social media company is reportedly set to pay up to $250,000 for the longer, scripted shows. Reuters reports: Facebook is planning two tiers of video entertainment: scripted shows with episodes lasting 20 to 30 minutes, which it will own; and shorter scripted and unscripted shows with episodes lasting about 5 to 10 minutes, which Facebook will not own, according to the sources. For the second tier of shorter shows, Facebook will pay $10,000 to $35,000 for each show and give creators 55 percent of revenue from ads, the sources said. Ads will run during both the long-form and short-form shows.
Robotics

Consumers Trust Robots For Surgery Over Savings, Research Finds (bloomberg.com) 62

An anonymous reader shares an article: Andy Maguire faces a challenge: tasked with upgrading HSBC's digital-banking systems, he has discovered that customers are twice as likely to trust a robot for heart surgery than for picking a savings account. "I do find it slightly odd," said the chief operating officer of Europe's largest bank, referring to its survey of more than 12,000 consumers in 11 countries published this week. Just 7 percent of respondents would trust a robot with their savings, versus the 14 percent willing to submit to a machine for heart surgery. "You think, gosh, one would've imagined the world had moved on further or was moving faster than that," Maguire said in an interview. While consumers tend naturally to trust medical professionals, the "bar is pretty high" for banks dealing with people's money, he said. Banks around the world are spending billions of dollars to bolster creaking computer systems in a push to ward off startup competitors and cut long-term operating expenses. But consumers and regulators are holding them to ever-higher standards of security and convenience, driving the cost of overhauls higher and potentially eroding any savings.
Education

Airbnb Is Running Its Own Internal University To Teach Data Science (techcrunch.com) 32

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.
Intel

Intel Drops Thunderbolt 3 Royalty, Adds CPU Integration and Works Closely With Microsoft (windowscentral.com) 101

An anonymous reader quotes a report from Windows Central: Over the last few days, Thunderbolt 3 has been a hot topic amongst Windows users especially with its notable absence with the new Surface Pro and Surface Laptop. Part of the problem is adoption, integration, cost, and consumer confusion according to Microsoft. Intel is aware of the current roadblocks to Thunderbolt 3 implementation, which adds 40Gbps data transfers along with charging and display support for USB Type-C. Today, the company announced numerous changes to its roadmap to speed up its adoption, including: Dropping royalty fees for the Thunderbolt protocol specification starting next year; Integrating Thunderbolt 3 into future Intel CPUs. The good news here is that Intel is dropping many of the roadblocks with today's announcement. By subtracting the licensing costs for Thunderbolt 3 and integrating into the CPU, Intel can finally push mass adoption. Getting back to Microsoft, Intel noted that the two companies are already working closely together with the latest Creators Update bringing more OS support for the protocol. Roanne Sones, general manager, Strategy, and Ecosystem for Windows and Devices at Microsoft added that such cooperation would continue with even more OS-level integration coming down the road.
Social Networks

Imzy, the Kinder and Gentler Reddit By Ex Employee, Is Shutting Down (imzy.com) 197

Imzy, a social media site led by ex-Reddit employee Dan McComas, announced on Wednesday that it will be closing its doors next month. The site was launched last year with much fanfare. Imzy sought to offer a community that didn't have trolls, one of the reasons that led McComas to leave Reddit two years ago. Ever since its launch, Imzy struggled to gain traction. According to web analytics firm SimilarWeb, the website was visited less than 400,000 times last month. McComas didn't elaborate why his service was shutting down, though he wrote: Some of you have been here since our launch into beta and some are brand new. We've loved getting to know all of you and seeing you build communities and make new friends. Unfortunately, we were not able to find our place in the market. We still feel that the internet deserves better and hope that we see more teams take on this challenge in the future.
Businesses

US International Tourism Market Share Is Falling Under Trump (buzzfeed.com) 419

An anonymous reader writes: The United States' slice of the international tourism pie is declining, according to a new report from Foursquare that looks at data from millions of phones worldwide. The US share of international tourism dropped 16% in March 2017 compared with the previous year. And it declined an average of 11% year over year in months spanning October 2016 to March 2017, according to the report. The drop coincides with the final month of the US election, the Trump transition, and the early months of the Trump administration, which notably imposed a travel ban on people from several majority-Muslim countries in January 2017 that was eventually halted in court but is currently under appeal. Declines in tourism market share from people originating in the Middle East were more pronounced than the rest of the world, down 25% this January, along with a smaller decrease from South America, Foursquare found. The data accounts for the percentage of international tourism coming to the US and not the absolute number of tourists, but Foursquare CEO Jeff Glueck told BuzzFeed News that it's unlikely tourist visits to the US increased while share declined. "I don't think you'd see a 16% decline in international market share and absolute numbers being up. I don't think that's compatible," he said. "The volume of tourism doesn't change that fast."
Books

Amazon Brings Its Physical Bookstore To New York (usatoday.com) 36

Amazon's first New York City bookstore, Amazon Books, will open to the general public on Thursday morning, marking Amazon's highest-profile move into bricks-and-mortar retail to date. Even as the book shop is a physical bookstore, some "Amazon" elements can be felt. From a report: While some may be excited that this is an "Amazon Store," similar to Apple and Microsoft's respective flagship stores located just blocks away, Amazon says its goal for the new store is the same as it was when the online retail giant first started two decades ago: To sell books. "We have this 20 years of information about books and ratings, and we have millions and millions of customers who are passionate," said Jennifer Cast, vice president of Amazon Books. "It really is a different way to surface great books." The 4,000 square-foot-store features roughly 3,000 books, all with their covers facing out in order to better to "communicate their own essence," Cast says. The company's recommendation system makes a physical appearance in the bookstore through an "if you like this" section, which combines the data Amazon gathers on the books listed with human curators to recommend new books. To someone who walks in to browse, it feels like a high-tech Barnes and Noble.
Businesses

Renewable Energy Powers Jobs For Almost 10 Million People (bloomberg.com) 124

According to the International Renewable Energy Agency's (IRENA) annual report, the renewable energy industry employed 9.8 million people last year, which is up 1.1 percent from 2015. The strongest growth was seen in the solar photovoltaic category with 3.09 million jobs. Bloomberg reports: Here are some of the highlights from the report: Global renewables employment has climbed every year since 2012, with solar photovoltaic becoming the largest segment by total jobs in 2016. Solar photovoltaic employed 3.09 million people, followed by liquid biofuels at 1.7 million. The wind industry had 1.2 million employees, a 7 percent increase from 2015. Employment in renewables, excluding large hydro power, increased 2.8 percent last year to 8.3 million people, with China, Brazil, the U.S., India, Japan and Germany the leading job markets. Asian countries accounted for 62 percent of total jobs in 2016 compared with 50 percent in 2013. Renewables jobs could total 24 million in 2030, as more countries take steps to combat climate change, IRENA said.
Businesses

Open19 Launches Open Hardware Project Targeting Edge Computing (datacenterfrontier.com) 15

miller60 writes: The Open19 Foundation launched today, positioning its open hardware designs as a platform for edge computing, and an alternative to the Open Compute Project and hyperscale designs. The Open19 designs were created by the data center team at LinkedIn, citing its focus on a 19-inch rack and licensing terms that it said allow participants better control over their intellectual property. Open Compute develops the 21-inch Open Rack but is also supporting several designs for 19-inch racks, including the Project Olympus concept contributed by Microsoft, LinkedIn's parent company. According to Fortune, the Open19 Foundation is a new group established by LinkedIn, Hewlett Packard Enterprise, and General Electric. Its purpose is to make it easier for businesses to buy data center hardware and to encourage companies to build data center hardware more uniformly so that it fits in standardized data racks. The racks themselves are used by businesses to house their computing gear, such as servers and routers. The 19-inch rack is the most commonly used.
The Almighty Buck

Uber Plans Millions In Back Pay After Shorting NYC Drivers (bloomberg.com) 32

An anonymous reader quotes a report from Bloomberg: Uber Technologies Inc. said it underpaid its New York City drivers by improperly calculating the company's share of passenger fares, and will pay out an average of $900 per driver in restitution, costing tens of millions of dollars. The back pay could run at least $45 million, based on the approximately 50,000 drivers the Independent Drivers Guild says work in New York City. The ride-hailing company has previously misled drivers about how much they could make and miscalculated fares. In this case, Uber was taking its cut of fares based on the pretax sum, instead of after taxes and fees as stated in its terms of service. The issue was also raised in a lawsuit against San Francisco-based Uber filed by the New York Taxi Workers Alliance. In March, Uber acknowledged that it had underestimated drivers' pay in Philadelphia by millions of dollars. "We are committed to paying every driver every penny they are owed -- plus interest -- as quickly as possible," Rachel Holt, Uber's head of U.S. operations, said in a statement. "We are working hard to regain driver trust, and that means being transparent, sticking to our word, and making the Uber experience better from end to end."
Sony

'Sony Needs a Fresh Hit' (bloomberg.com) 123

Even as Sony's CEO Kazuo Hirai has done a remarkable job over the past five years -- taking bold decisions on the areas the company should be focusing on, and cutting efforts on those that aren't working -- his company desperately needs a fresh hit to boost its revenue and to become relevant in the mind of most, writes columnist Tim Culpan for Bloomberg. An except from his article: According to a company statement Tuesday for investors' day, the key will be to "remain the 'last one inch' that delivers a sense of 'wow' to customers," expand recurring revenue, and pursue new businesses.Those three strategies are closely linked. With TV sales in decline, its Vaio PC business spun off, and its smartphones barely a blip on the radar, Sony's last inch is heavily dependent on the PlayStation. Sony's Game & Network Services business has grown at both the top and bottom lines over the past five years, but the games console business is stuck in time. [...] Sony needs to build a device that will be far more ubiquitous and can appeal to consumers beyond the current male-skewed slowly aging hard-core gamer base. Amazon and Alphabet, with Echo and Home, are two such examples, and Apple will probably follow suit. With its background in audio, video, sensors and entertainment, Sony has all the right parts to make it happen. For the company that invented the Walkman, dreaming up another hit shouldn't be so hard.
China

Chinese Giant Huawei Gets Serious About PC Business, Announces Plans For Global Expansion (reuters.com) 53

Speaking of new laptops, Chinese conglomerate Huawei plans a global expansion into computers, it said on Tuesday, posing a fresh challenge to established PC players in a market that has suffered two years of falling sales volumes and pressure on margins. From a report: At a news conference in Berlin, the Shenzhen-based company introduced its first line-up of three personal computer models, including a 15.6-inch screen notebook, a 2-in-1 tablet and notebook hybrid and an ultra slim, metallic 13-inch notebook. Initially, Huawei plans to target the premium-priced consumer market, competing with Lenovo, HP and Dell, which together sell more than 50 percent of all PCs. To a lesser extent, it will also go up against Apple's high-end, but shrinking, Mac computer business. Huawei's Matebook X is a fanless notebook with splash-proof screen and combined fingerprint sign-on and power button, priced between 1,399 and 1,699 euros ($1,570-$1,900). Its Matebook E 2-in-1 hybrid will run from 999 to 1,299 euros while the Matebook D with 15.6-inch display is priced at 799 to 999 euros, it said. Huawei said it aims to offer the new PCs in 12 countries in Europe, North America, Asia, and the Middle East in early June.
Businesses

Nokia Uses Lawsuit To Make Apple Its Friend (bbc.com) 8

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.
Businesses

LeEco Said To Lay Off Over 80 Percent of US Workforce (cnbc.com) 103

An anonymous reader quotes a report from CNBC: LeEco, a Chinese company that made a big splash in the U.S. last fall, is preparing for a round of layoffs that may happen as soon as Tuesday, according to sources. Two people told CNBC the company is planning massive layoffs in the U.S., with one source saying that only 60 employees will be left after the cut. The company's current headcount in the U.S. is over 500, according to this person. CNBC obtained an email calling employees together for a Town Hall Meeting that will occur in three of the company's U.S. locations, including San Diego, Santa Monica and San Jose, at 10 a.m. PST. The email asks employees to attend unless they're off for the day, in which case they're asked to call in. It's not clear what will be announced at the meeting, but a second source told CNBC that layoffs will be announced tomorrow. Under the restructuring, LeEco will refocus on encouraging Chinese-American consumers to watch LeEco's Chinese content library, one person said.
The Courts

PayPal Sues Pandora Over 'Patently Unlawful' Logo (billboard.com) 134

PayPal has filed a trademark infringement lawsuit against Pandora, arguing that the company's minimalist logo "dilutes the distinctiveness" of its own branding. "Element by element and in overall impression, the similarities between the logos are striking, obvious, and patently unlawful," the lawsuit alleges. Billboard reports: In October 2016, Pandora announced it was redesigning its logo from a thin, serifed "P" into the chunky, sans serifed "P" that it is today. The color scheme was also changed from midnight blue to a softer shade of blue. By comparison, PayPal's logo, active since 2014, also features a minimalist-looking "P" in a sans serif font and sporting a blue color palette. PayPal's mark actually consists of two overlapping and slanted "Ps," whereas Pandora keeps it to one. Both P's lack a hole. It is because of these similarities that PayPal believes customers of both companies are unable to distinguish the two, and that many are complaining about inadvertently opening Pandora instead of PayPal on their smartphones. The lawsuit includes various screen grabs, primarily from Twitter, of people noting the similarities. PayPal's lawsuit also points out Pandora's current struggles as a brand, saying that since it is primarily an ad-supported service, it "has no obvious path to profitability," especially given "overwhelming competition" from the likes of Spotify and Apple Music. The suit alleges that Pandora purposely "latched itself on to the increasingly popular" PayPal logo look-and-feel as part of its efforts to reverse its fortunes.
Microsoft

Microsoft Says a Chinese 'Gaming Service' Company Is Hacking Xbox Accounts (theverge.com) 31

An anonymous reader shares a report: Since 2015, a Chinese gaming website has been hacking Xbox accounts and selling the proceeds on the open market, according to a complaint filed by Microsoft in federal court on Friday. On its website, iGSKY presents itself as a gaming service company, offering players a way to pay for in-game credits and rare items -- but according to Microsoft, many of those credits were coming from someone else's wallet. The complaint alleges that the company made nearly $2 million in purchases through hacked accounts and their associated credit cards, using purchases as a way to launder the resulting cash. On the site, cheap in-game points are also available for the FIFA games, Forza Horizon 3, Grand Theft Auto V, and Pokemon Go, among others.

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