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Businesses

Panasonic Wants Employees To Relax, Limits Work Days To 11 hours (cnet.com) 37

Japan is notorious for its long working hours, which have been blamed for a national health crisis known as "karoshi" -- death from overwork. From a report on CNET: Panasonic hopes to curb this, instructing its 100,000-ish employees to work no later than 8 p.m. each day, reports Asahi Shimbun. This hour reduction still enables a 55-hour working week, but the directive from Panasonic President Kazuhiro Tsuga also limited overtime to 80 hours a month.
Earth

World's Only Sample of Metallic Hydrogen Has Been Lost (ibtimes.co.uk) 210

New submitter drunkdrone quotes a report from International Business Times: A piece of rare meta poised to revolutionize modern technology and take humans into deep space has been lost in a laboratory mishap. The first and only sample of metallic hydrogen ever created on earth was the rarest material on the planet when it was developed by Harvard scientists in January this year, and had been dubbed "the holy grail of high pressure physics." The metal was created by subjecting liquid hydrogen to pressures greater that those at the center of the Earth. At this point, the molecular hydrogen breaks down and becomes an atomic solid. Scientists theorized that metallic hydrogen -- when used as a superconductor -- could have a transformative effect on modern electronics and revolutionize medicine, energy and transportation, as well as herald in a new age of consumer gadgets. Sadly, an attempt to study the properties of metallic hydrogen appears to have ended in catastrophe after one of the two diamonds being used like a vice to hold the tiny sample was obliterated. The metal was being held between two diamonds at a pressure of around 71.7 million pounds per square inch -- more than a third greater than at the Earth's core. According to The Independent, one of these diamonds shattered while the sample was being measured with a laser, and the metal was lost in the process.
Businesses

Website Builder Wix Acquires Art Community DeviantArt For $36 Million (techcrunch.com) 55

An anonymous reader quotes a report from TechCrunch: Wix.com has made another acquisition to build out the tools that it provides to users to build and administer websites: it has acquired DeviantArt, an online community for artists, designers and art/design enthusiasts with some 325 million individual pieces of original art and more than 40 million registered members, for $36 million in cash, including $3 million of assumed liabilities. Wix said that it will continue to operate DeviantArt as a standalone site, but it will also use it to boost its own business in a couple of ways. First, DeviantArt users will get access to Wix's web design tools to build out more dynamic online presences. These tools do not only cover design, but commerce and other features for running businesses online. Second, Wix will open up DeviantArt's repository of art and creative community to the Wix platform, giving Wix's users access to that work to use in their own site building. The deal will also include putting further investment into developing DeviantArt's desktop and mobile apps. (Today, that desktop experience is based on a very simple, pared-down interface that is reminiscent of the 2000 birthdate of the startup itself.)
Businesses

Inside Uber's Aggressive, Unrestrained Workplace Culture (cnbc.com) 180

Excerpts from Mike Isaac's report for the New York Times: Interviews with more than 30 current and former Uber employees, as well as reviews of internal emails, chat logs and tape-recorded meetings, paint a picture of an often unrestrained workplace culture. Among the most egregious accusations from employees, who either witnessed or were subject to incidents and who asked to remain anonymous because of confidentiality agreements and fear of retaliation: One Uber manager groped female co-workers' breasts at a company retreat in Las Vegas. A director shouted a homophobic slur at a subordinate during a heated confrontation in a meeting. Another manager threatened to beat an underperforming employee's head in with a baseball bat. Until this week, this culture was only whispered about in Silicon Valley. Then on Sunday, Susan Fowler, an engineer who left Uber in December, published a blog post about her time at the company. [...] One group appeared immune to internal scrutiny, the current and former employees said. Called the A-Team and composed of a small group of executives who were personally close to Mr. Kalanick, its members were shielded from much accountability over their actions. One member of the A-Team was Emil Michael, senior vice president for business, who was caught up in a public scandal over comments he made in 2014 about digging into the private lives of journalists who opposed the company. Mr. Kalanick defended Mr. Michael, saying he believed Mr. Michael could learn from his mistakes.
Businesses

Tech Breakthroughs Take a Backseat in Upcoming Apple iPhone Launch (reuters.com) 102

Stephen Nellis, reporting for Reuters: The new iPhone is expected to include new features such as high-resolution displays, wireless charging and 3-D sensors. Rather than representing major breakthroughs, however, most of the innovations have been available in competing phones for several years. Apple's relatively slow adoption of new features both reflects and reinforces the fact smartphone customers are holding onto their phones longer. Timothy Arcuri, an analyst at Cowen & Co, believes upwards of 40 percent of iPhones on the market are more than two years old, a historical high. That is a big reason why investors have driven Apple shares to an all-time high. There is pent-up demand for a new iPhone, even if it does not offer breakthrough technologies. It is not clear whether Apple deliberately held off on packing some of the new features into the current iPhone 7, which has been criticized for a lack of differentiation from its predecessor. Still, the development and roll-out of the anniversary iPhone suggest Apple's product strategy is driven less by technological innovation than by consumer upgrade cycles and Apple's own business and marketing needs.
Communications

T-Mobile Promises Big LTE Boost From 5GHz Wi-Fi Frequencies (arstechnica.com) 63

"T-Mobile USA is ready to deploy a new LTE technology over the same 5GHz frequencies used by Wi-Fi following U.S. government approval of the first 'LTE-U' devices," reports Ars Technica. "The Federal Communications Commission today authorized the first LTE-U (LTE for unlicensed spectrum) devices after a controversial process designed to ensure that cellular network use of the 5GHz band won't interfere with Wi-Fi networks." From the report: LTE-U will help T-Mobile achieve its goal of offering gigabit LTE speeds, the carrier said. Verizon Wireless is also planning to use LTE-U. The company said in September that it is "eager to deploy" the technology and developed an equipment testing plan, but it's not clear when a Verizon deployment will happen. Cellular carriers in the US generally hold exclusive licenses to spectrum, while Wi-Fi operates in unlicensed frequencies. Anyone can operate in unlicensed spectrum without an FCC license as long as they use certified radio equipment and comply with power limits and other technical requirements. The plan to bring LTE to unlicensed Wi-Fi spectrum set off an industry fight. LTE-U deployment plans drew opposition in 2015 from cable companies and the Wi-Fi Alliance, an industry group that certifies equipment to make sure it doesn't interfere with other Wi-Fi equipment. Industry groups worked together to develop a "Coexistence Test Plan" to prevent interference, and the Wi-Fi Alliance said it's satisfied with the result even though the new testing is voluntary rather than required by the FCC.
Businesses

Tesla Posts Earnings Loss But Claims Model 3 Production Will Start In July (bgr.com) 63

An anonymous Slashdot reader shares a report from BGR: Tesla on Wednesday released its earnings report (PDF) for the company's recent fourth quarter. When the dust settled, Tesla posted revenue of $2.28 billion and a loss of 69 cents per share. By way of contrast, Tesla during the same quarter a year-ago posted a loss of $0.87 per share on the back of $1.75 billion in revenue. Notably, Tesla notes that its cumulative 2016 revenue checked in at $7 billion, a 73% increase from 2015. As far as the Model 3 is concerned, Tesla's press release relays that the company is still on track to begin production in July ahead of volume production in September.

Tesla notes in its press release: "Our Model 3 program is on track to start limited vehicle production in July and to steadily ramp production to exceed 5,000 vehicles per week at some point in the fourth quarter and 10,000 vehicles per week at some point in 2018. To support accelerating vehicle deliveries and maintain our industry-leading customer satisfaction, we are expanding our retail, Supercharger, and service functions. Model 3 vehicle development, supply chain and manufacturing are on track to support volume deliveries in the second half of 2017. In early February, we began building Model 3 prototypes as part of our ongoing testing of the vehicle design and manufacturing processes. Initial crash test results have been positive, and all Model 3-related sourcing is on plan to support the start of production in July. Installation of Model 3 manufacturing equipment is underway in Fremont and at Gigafactory 1, where in January, we began production of battery cells for energy storage products, which have the same form-factor as the cells that will be used in Model 3."

Businesses

Apple's New Spaceship Campus Gets a Name, Lifts Off In April (arstechnica.com) 102

An anonymous reader quotes a report from Ars Technica: Apple has been building its giant new "spaceship" campus in the company's hometown of Cupertino, California, since December of 2013, and since then fans have paid obsessive attention to the structure. It gets buzzed by drones constantly, and the most popular YouTube videos of the building in progress have amassed well over half-a-million views apiece. The company announced today that the campus will be open to employees starting in April and that the building and environs now have a name: Apple Park. Apple says that moving the 12,000 employees who will work at the campus will take more than six months, and landscaping and construction on some buildings won't be done until the summer. The new campus mostly replaces the university-style Infinite Loop campus Apple has used since 1993, though Apple has said that it will also be keeping the older buildings. The new campus' cost has been estimated at around $5 billion. Apple will also be naming one space on the new campus after its founder and former CEO -- the Steve Jobs Theater will replace the current Town Hall event space that Apple sometimes uses for company meetings and product announcements, and it will open "later this year." The new space will be much larger (it will seat 1,000, compared to roughly 300 for the Town Hall), and the larger space will presumably allow Apple to launch more of its products on its campus rather than having to rent expensive event space in downtown San Francisco. The company is also moving its Worldwide Developers Conference closer to home this year -- it will return to San Jose after many years at the Moscone Center in San Francisco.
United States

Americans at Risk of Identity Theft as They File their Tax Returns (betanews.com) 77

Ian Barker, writing for BetaNews: As we move into the tax return season a new study reveals that attitudes to identity theft and a pattern of poor practices are leaving much of the public vulnerable. Data security and ID theft protection company CyberScout has carried out its second annual Tax Season Risk Report and finds 58 percent of Americans are not worried about tax fraud in spite of federal reports of 787,000 confirmed identity theft returns in 2016, totaling more than $4 billion in potential fraud. Among other findings are that only 35 percent of taxpayers demand that their preparers use two-factor authentication to protect their clients' personal information. Less than a fifth (18 percent) use an encrypted USB drive to save important documents like tax worksheets, W-2s, 1099s or 1040s. And another 38 percent either store tax documents on their computer's hard drive or in the cloud, approaches that are susceptible to a variety of hacks.
Iphone

iPhone Owners in US Spent $40 Each on Apps in 2016 (cnet.com) 130

Zoey Chong, writing for CNET: iPhone users in the US are spending more and more on apps and in-app purchases. Spending climbed to an average of $40 per person last year, according to research released Monday by Sensor Tower. This is up from $35 in 2015. Gaming continued to lead the way, accounting for more than 80 percent of Apple App Store revenue in the US. Spending in that category increased from $25 on average per person in 2015 to $27 last year. This may not be the biggest surprise, given that 2016 witnessed the rise of Pokemon Go, which crossed $1 billion in revenue worldwide last month.
AI

Tinder Wants AI To Set You Up On a Date (bbc.com) 134

Dave Lee, writing for BBC: Tinder is growing up. It's now a serious technology company tackling one of life's most important matters, and is by far the most popular dating app worldwide. After a lot of boardroom musical chairs, Mr Rad is the chairman of both Tinder and Swipe Ventures, the arm of the company designed to buy other dating-related technologies. One of which is artificial intelligence. And its collision with dating might be the most intriguing application of AI yet. "I think this might sound crazy," Mr Rad said on Tuesday at tech conference Start-Up Grind. "In five years time, Tinder might be so good, you might be like "Hey [Apple voice assistant] Siri, what's happening tonight?' "And Tinder might pop up and say 'There's someone down the street you might be attracted to. She's also attracted to you. She's free tomorrow night. We know you both like the same band, and it's playing -- would you like us to buy you tickets?'... and you have a match. "It's a little scary."
The Almighty Buck

The Only Thing, Historically, That's Curbed Inequality: Catastrophe (theatlantic.com) 473

ColdWetDog writes: The Atlantic has an interesting article on how societies have decreased economic equality. From the report: "Calls to make America great again hark back to a time when income inequality receded even as the economy boomed and the middle class expanded. Yet it is all too easy to forget just how deeply this newfound equality was rooted in the cataclysm of the world wars. The pressures of total war became a uniquely powerful catalyst of equalizing reform, spurring unionization, extensions of voting rights, and the creation of the welfare state. During and after wartime, aggressive government intervention in the private sector and disruptions to capital holdings wiped out upper-class wealth and funneled resources to workers; even in countries that escaped physical devastation and crippling inflation, marginal tax rates surged upward. Concentrated for the most part between 1914 and 1945, this 'Great Compression' (as economists call it) of inequality took several more decades to fully run its course across the developed world until the 1970s and 1980s, when it stalled and began to go into reverse. This equalizing was a rare outcome in modern times but by no means unique over the long run of history. Inequality has been written into the DNA of civilization ever since humans first settled down to farm the land. Throughout history, only massive, violent shocks that upended the established order proved powerful enough to flatten disparities in income and wealth. They appeared in four different guises: mass-mobilization warfare, violent and transformative revolutions, state collapse, and catastrophic epidemics. Hundreds of millions perished in their wake, and by the time these crises had passed, the gap between rich and poor had shrunk."

Slashdot reader ColdWetDog notes: "Yep, the intro is a bit of a swipe at Trump. But this should get the preppers and paranoids in the group all wound up. Grab your foil! Run for the hills!"

The Almighty Buck

Valve's Gabe Newell Says Only 30 SteamVR Apps Have Made $250,000+ (roadtovr.com) 148

New submitter rentarno writes: According to Valve President, Gabe Newell, only 30 virtual-reality apps on Steam (of some 1,000) have made more than $250,000. But that isn't stopping the company from throwing the bulk of their weight behind virtual reality; Valve recently confirmed that it's working on 3 full VR games. Valve still believes in a huge future for VR, even while things are slow to start. It'll take work to find and make the content that's great for VR, Newell says. "We got Half-Life 2 and Team Fortress running in VR. It was kind of a novelty, purely a development milestone. There was absolutely nothing compelling about them. Nobody's going to buy a VR system so they can watch movies. You have to aspire and be optimistic that the unique characteristics of VR will cause you to discover a bunch of stuff that isn't possible on any of the existing platforms." How do you view the VR industry in early 2017? Do you think it shows promise or will eventually fail like 3D TV?
Cellphones

Samsung To Sell Refurbished Galaxy Note 7 With a Smaller Battery, Says Report (androidauthority.com) 73

According to a report via The Korean Economic Daily, Samsung is said to be putting refurbished Galaxy Note 7 handsets on sale with new batteries following the cancellation of the device late last year. The speculation suggests the smartphones could be relaunched this June. Android Authority reports: Samsung is said to be swapping the Note 7's 3,500 mAh batteries with a "3,000 to 3,200 mAh" batteries, according to The Korean Economic Daily's sources, predominately for sale in emerging markets such as India and Vietnam. The move is said to be part of Samsung's plan to recover costs from the initial device recall and avoid environmental penalties from the estimated 2.5 million or so Galaxy Note 7s it would have to dispose of. Samsung hasn't made any official announcements in this vein, but before the battery investigation concluded, a spokesperson did tell us that the company was: "Reviewing possible options that can minimize the environmental impact of the recall." Shifting refurbished units would certainly be one way to achieve that.
Censorship

'We Won't Block Pirate Bay,' Swedish Telecoms Giant Says (torrentfreak.com) 27

Last week, a Swedish Patent and Market Court of Appeal ordered The Pirate Bay and streaming portal Swefilmer to be blocked by internet service provider Bredbandsbolaget for the next three years. The order was not well supported by other internet service providers in Sweden, as it appears they don't like the idea of becoming copyright policemen. TorrentFreak reports: Last week ISP Bahnhof absolutely slammed the decision to block The Pirate Bay, describing the effort as signaling the "death throes" of the copyright industry. It even hinted that it may offer some kind of technical solution to customers who are prevented from accessing the site. For those familiar with Bahnhof's stance over the years, this response didn't come as a surprise. The ISP is traditionally pro-freedom and has gone out of its way to make life difficult for copyright enforcers of all kinds. However, as one of the leading telecoms companies in Sweden and neighboring Norway, ISP Telia is more moderate. Nevertheless, it too says it has no intention of blocking The Pirate Bay, unless it is forced to do so by law. "No, we will not block if we are not forced to do so by a court," a company press officer said this morning. Telia says that the decision last week from the Patent and Market Court affects only Bredbandsbolaget, indicating that a fresh legal process will be required to get it to respond. That eventuality appears to be understood by the rightsholders but they're keeping their options open.
Businesses

TransferWise Launches International Money Transfers Via Facebook (reuters.com) 33

Money transfer company TransferWise has launched a new service that allows users to send money internationally through Facebook's Messenger, as competition in the digital payments landscape intensifies. From a report on Reuters: The London-based startup said on Tuesday that it had developed a Facebook Messenger "chatbot", or an automated program that can help users communicate with businesses and carry out tasks such as online purchases. TransferWise's chatbot enables customers to send money to friends and family to and from the United States, Britain, Canada, Australia and Europe from Facebook Messenger. It can also be used to set up exchange rate alerts. Facebook already allows its users to send money domestically in the United States via its Messenger app, but has not yet launched similar services internationally. TransferWise said its service will be the first to enable international money transfers entirely within Messenger.
China

China's Millennials Are Hustling For Part-Time Gigs Instead of Traditional Jobs (bloomberg.com) 145

Bloomberg has a report today in which it underscores a growing trend among millennials in China who are looking for part-time jobs. From the article: Hopping from one short-term stint to another isn't the sort of aspiration an earlier generation had in China, where the middle-class dream has long been university degrees followed by a stable job -- preferably one backed by the government. In a 2016 poll of 13,000 college students, 48 percent said they didn't want to enter the traditional labor market. Hardly any of these part-time jobs pay well, but it doesn't matter to millennials. The report adds: "The money is little," Zhang Chen, a 21-year-old accounting student said of the short gig that pays about 240 yuan ($35). "But I want a more interesting life." Chen was lined up for the work through DouMi, a startup that focuses exclusively on part-time positions and blends elements of a temp agency with an internet jobs board and marketing service. For around 130 yuan a day, DouMi users can sort crates of milk at a supermarket or hand out pamphlets on frozen sidewalks. Those considered "beautiful women," and between the ages of 18 and 28, can make four times as much plus tips by working as live-streaming models to keep mostly-male viewers entertained. Many of the roles run for mere days or weeks at a time, a flexibility that suits those juggling social lives and university studies. "Every month we have between 300,000 and 400,000 jobs," said Chief Executive Officer Zhao Shiyong.
Communications

Gemalto Launches eSIM Technology for Windows 10 Devices (business-standard.com) 47

An anonymous reader shares a report: Global digital security firm Gemalto on Tuesday announced it will make available its on-demand connectivity and eSIM technology for Microsoft's Windows 10 devices. The eSIM is designed to be remotely provisioned by mobile network operators with subscription information and is globally interoperable across all carriers, device makers and technology providers implementing the specification. Gemalto's On-Demand Connectivity solution gives service providers the capability to deliver a seamless customer experience for connecting consumer and industrial devices. "eSIM technology remains an important investment for Microsoft as we look to create even more mobile computing opportunities," said Roanne Sones, General Manager (Strategy and Ecosystem), Microsoft.
Verizon

Verizon Revises Its Deal With Yahoo, Reduces Price Of Acquisition By $350M (techcrunch.com) 49

Ingrid Lunden, writing for TechCrunch: After the disclosure of two massive data breaches last year, today Yahoo and Verizon finally confirmed new terms for the sale of Yahoo to Verizon: Verizon will pay $350 million less than originally planned, working out to a price of $4.48 billion to acquire Yahoo. The two have also agreed to share legal and regulatory liabilities after the massive data breach at Yahoo, which affected some 1.5 billion users across two hacks, one revealed in September 2016, and another in December 2016.
The Internet

How is The New York Times Really Doing? (om.co) 405

Wired magazine did a profile on The New York Times in its this month's issue. Talking about the paper's transition from print to more digital-focus than ever, author Gabriel Snyder wrote, "It's to transform the Times' digital subscriptions into the main engine of a billion-dollar business, one that could pay to put reporters on the ground in 174 countries even if (OK, when) the printing presses stop forever." Veteran journalist Om Malik analyzes the numbers: -> The company reported revenue of nearly $1.6 billion in 2016 -- remarkably consistent with prior years.
-> Print advertising revenue dipped by $70 million year-over-year to $327 million in 2016.
-> Digital advertising revenue, while a meaningful portion of the Times' revenue, did not grow enough to offset vanishing print ad dollars.
-> Total digital ad revenue in 2016 was $206 million, up only 6% from the prior year.
-> The key revenue driver for the New York Times has been its digital subscription business, which added more than half a million paid subscribers in 2016. Thanks in part to interest around the presidential election, the newspaper added 276,000 new digital subscribers in Q4, the single largest quarterly increase since 2011 (the year the pay model was launched).

The Times' digital success is hinged upon two major drivers: affiliate revenues from services like the Wirecutter and digital subscriptions. Advertising might be a good short term bandaid, but the company needs to focus on how to evolve away from it even more aggressively. The Times needs to simplify their sign-up experience and make it easier for people to pay for the subscriptions. As of now, it is like the sound you hear when scratching your nails on a piece of glass.

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