Perhaps in the insular confines of Facebook HQ, it seemed a purely altruistic endeavor, one that would never been seen as an opportunity for the company to gift its way into creating a Facebook-dependent experience for millions of Indians who had not experienced the open web.Facebook intimated for a long time that the trending topics were algorithm based.And since that was the expectation, they never needed to or thought to explain how editors picked stories.Facebook's ad policy banned a body positive ad for a feminist group on the basis that the image "doesn't comply with our Health and Fitness Policy.The image depicts a body or body parts in an undesirable manner, an email from a Facebook Ads Team staffer said.But Facebook seems specifically capable of enduring such mistakes because... where else are people going to go to waste their time for hours at end by looking at the lives of friends and acquaintances?
Once an AI can perform like a human, we consider it AGI.I sat down with Carnegie Mellon alumnus and friend Scott Stouffer, now CTO and co-founder of Market Brew, a company that provides search engine models for Fortune 500 SEO teams.for the latest Google Dance.It is RankBrain s job to learn what mixture of these core algorithms is best applied to each type of search results.So, for instance, in the health industry, Google knows that a site like WebMD.com is a reputable site that they would like to have near the top of their searchable index.For well-known sites, like Wikipedia, Google can opt-out of this classification process altogether, to ensure that the deep learning process doesn t undercut their existing search experience aka too big to fail .
There had been a period in last few months when Bitcoin's prices look remarkably stable.Andrew Lee CEO of Purse.io., which registers over $1m per month in sales on Amazon to discounted Bitcoin users, told IBTimes: "Chinese exchanges traditionally led bitcoin price surges, including the most recent spike to $780.Lee was less optimistic about Europe: "Instability with government-backed currencies forces the world to pay attention to alternatives.As Bitcoin is growing this recognition, it is certainly becoming a powerful alternative to traditional safe havens such as gold and other precious metals," said Kavner.Robert Sams, CEO of Clearmatics, a decentralised trading system which uses distributed ledgers, has called Bitcoin's deterministic supply a "bug rather than a feature".Solving the stability problems of decentralised cryptocurrencies is a growing area of interest with projects like stable-coin, the Fedcoin proposal and more recently announcements from Colu about a hybrid approach.
To the surprise of many conservatives, she discussed her love of markets and her preference for market-based competition over regulation.These companies possessed real market power, and the particular characteristics of their markets made new competition by startups virtually impossible.Standardized protocols, the proliferation of broadband access, rapidly declining costs of hardware, emergence of the cloud and the ubiquity of smartphones has supercharged competition online.The same characteristics that allow an Internet company to get big fast, also make them vulnerable to quick irrelevance.And, as most people often forget, Google tried to create a ride-sharing platform before Uber s immense success in that space.As the above examples illustrate, today s Internet leaders face enormous competitive pressure.
Analysis: Missed opportunity reforms should be embraced as happy medium by fintechs and banks.Some voices called it a missed opportunity, stating that it didn t go far enough, while others focused on the benefits for customers.What should be remembered is that the CMA is focused on what is best for the customers and it clearly holds a belief that more competition in the space will help to create better services, more openness, and generally a healthier banking industry that will insure that the damage done by the 2007 banking crisis is not repeated.Customers are becoming increasingly comfortable with using their smartphone as the primary channel to manage their finances, which calls into the question the relevance of traditional bank branches.Banks such as Atom and Mondo, which focus on mobile app technologies to deliver banking services, have led the charge but banks like Barclays have also been trying to innovate with things like payment bracelets, which it launched in partnership with Topshop earlier this year.Typically the feedback that I get from fintech companies is that regulators, such as the CMA, are doing a good job.
Faced with myriad regulatory hurdles and a changing landscape dominated by too big to fail banks, investors and entrepreneurs alike have traditionally shied away from Fintech.But that doesn t at all bother Whurley–born William Hurley–who once exited a TEDx talk on a mind-controlled skateboard powered by an XBOX Kinect.His latest start-up, Honest Dollar bucked the trend in fintech after it won South by Southwest this year by announcing its acquisition by Goldman Sachs.Despite regulatory headwinds and plenty of competition, Honest Dollar carved out a niche in financial services by servicing the nearly 16 million self-employed people in the gig economy who lack access to a retirement plan or 401k.Honest Dollar wasn t really validated because we weren t necessarily people from finance according to CEO and co-founder Whurley.Acquired by Goldman Sachs only one year after its launch, Honest Dollar gained early traction with corporate customers who used the service as both a retention tool and a gap-fill for contractors who wanted access to retirement benefits that are traditionally reserved for full-time employees.
This is a problem because the list of potential trip hazards for the likes of Azure, AWS and Google is growing ever longer – and at least one of them is going to stumble and fall, taking customers' off-premises systems with them.With traditional hardware skills in danger of dying out, it s not like we can do anything about it.The dual warning came in Canalys founder Steve Brazier s keynote address to the audience of resellers, distributors, and vendors at the firm s Channel Forums bash in Barcelona, which kicked off with a scorecard of channel performance so far this year.Brazier said that traditional sectors had done poorly.EMEA storage revenues were down 5 per cent in the first half of this year, as were server revenues.On the upside, sales of hyperconverged systems were up 74 per cent, detachable tablet sales had skyrocketed 150 per cent, and flash storage was up 100 per cent.
David Dunning and Justin Kruger both at Cornell University's Department of Psychology at the time conducted a series of four studies showing that, in certain cases, people who are very bad at something think they are actually pretty good.Have the results held up?A wise editor who got it and good reviewers showed me wrong there.In fact, Dunning-Kruger and follow-up papers give us cause for hope.Studies show that we do this by considering that everyone else is much worse.In fact, I would show all the signs of incompetence: I would perform poorly on basic Dutch grammar and vocabulary tests, and I would fail to correctly evaluate others in their usage.
Analysis The value of distributed ledgers and blockchain tech to the financial sector has again come under the spotlight following the departure of several entities from prominent blockchain consortium R3: namely Goldman Sachs, Santander, Morgan Stanley and the National Australian Bank.All four left the consortium this month, and with little public explanation.R3's official statement on the departures isn't particularly revealing either, essentially claiming only that it has always accepted and expected a high churn rate among its members.Spokespeople offer the line that developing technology like this requires dedication and significant resources, and our diverse pool of members all have different capacities and capabilities which naturally change over time.The departed's capacities and capabilities have not significantly changed however, relative to other R3 members.What has obviously changed for Goldman Sachs a founding member Morgan Stanley a second tranche introduction and Santander a third tranche member is the swollen size of the consortium those businesses were joining.
As 1984 again tops this week s Amazon s best-seller list, I m reflecting on my coming-of-age favorite reads, Atlas Shrugged and The Fountainhead by Ayn Rand.Five years ago I posited how John Galt, the Atlas Shrugged hero, would view government bailouts – specifically relating to bailouts of Greece and too-big-to fail banks Who is John Galt .I described John Galt as a free-market capitalist who epitomizes all that is glorious of capitalism in its purist form -- innovation, self-reliance, and freedom from government interference.So as a nod to books that for generations were de rigueur, I wonder how John Galt and literary soul mate Hank Reardon would view what we know so far of President Trump s economic agenda.Mr. Trump has clearly said he wants to revive the rust belt industries.I also suspect that even the President s most ardent supporters would acknowledge that a great many jobs also have been lost to technology as more efficient machines have replaced manpower.
A new report finds the Great Barrier Reef is too "critical" to fail—which is a problem since it's already failing.The report from Deloitte Access Economics notes the reef—with a "total asset value" of $42 billion, almost half of which comes from tourism—is the biggest contributor to Australia's economy, adding $4.85 billion per year while supporting 64,000 jobs, including 39,000 direct jobs, reports the Guardian."The livelihoods and businesses it supports across Australia far exceeds the numbers supported by many industries we would consider too big to fail," the report states.In comparison, a new $16.5 billion coal mine in Queensland—which critics say is a threat to the reef—will contribute $154 million to the economy per year and will add 10,000 jobs.The Great Barrier Reef Foundation commissioned the report "to understand precisely what the reef contributes and, therefore, what we stand to lose without it," the chairman says, calling it "a call to action."The report notes half of all coral in the Great Barrier Reef has been lost in the last 30 years as a result of coral bleaching, extreme weather, and changes in water quality with "continued decline" expected, per ABC Australia.
With the Great Barrier Reef under unprecedented environmental stress, a new report is raising the alarm in terms of its potential economic loss.Valued at Aus$56 billion (£33 billion), the largest living structure on Earth is now deemed “too big to fail.”Located off the coast of Queensland, Australia, the Great Barrier reef is the largest coral reef system in the world.For the past few years, the corals have been undergoing a mass bleaching event that scientists primarily attribute to excessively warm waters.Earlier this year, a survey suggested that two-thirds of the GBR has suffered bleaching.Mercifully, a report issued just a few days ago shows that the global coral bleaching event may be coming to an end—but much of the damage has already been done.
Google's parent company, Alphabet, is still crushing it, despite a huge $2.7 billion antitrust fine from the European Union.The search giant's latest quarterly results, released Monday, show revenue jumped 21 percent, though profit took a hit following the EU penalty.We discuss whether Google is now too big to fail as it's taken a dominant position in search and digital ads.Also on today's show, we look at Elon Musk and Mark Zuckerberg's slap fight over over AI; implantable RFID chips for employees; and fact-checking site Snopes' request for donations to keep the lights on.
But Goldman Sachs and others are planning to clear bitcoin futures, which will allow people to trade derivatives and short bitcoin.The adjacent ICO market is heavily connected to bitcoin.And nobody cares it's a bubble because everyone who has bought in is making money!Well ... now Goldman Sachs is planning to clear bitcoin derivative trades.At one level, this is still OK."Leverage," in financial terms, is when you borrow money to bet on a market move, and the volume of the move is multiplied.
Over the past six months, we’ve interviewed over 200 asset managers — from big university endowments to pension funds — who each manage more than $100 million.This trillion-dollar asset manager group largely ignores the typical entrepreneur, as they need to see a fund size of $100 million or more to even consider investing with a VC.These funds want to pump money into local economies but find it difficult to raise enough themselves.There have been some important recent steps to help narrow this gap — for instance, Steve Case and our partners at Revolution just raised a $150 million venture capital fund — but this is just the tip of the iceberg.In a world where banks are too big to fail, most sources of capital for entrepreneurs are too small to succeed.The good news is that changes can be made if we’re willing to explore uncommon solutions to the problem.
It may sound like an opportunity akin to getting in early on purchasing Amazon or Netflix stock, but don’t call up your broker just yet.Spotify, the Swedish streaming service that boasts more than 140 million monthly listeners, recently divulged plans to go forward with a direct listing this spring, a form of going public that differs from the usual investment bank-backed Initial Public Offering (IPO) in that no new shares will be issued upon its debut.Instead, the only shares available to the public at the time of its launch will be those owned by company insiders and early investors, who may sell large chunks of their shares to set a steady price on the public market.According to financial statements released in June 2017, Spotify lost $584 million in 2016, up from $257 the year before, despite a 52 percent increase in revenue to $3.1 billion.With that in mind, it’s likely they company’s largest private shareholders want to avoid going the traditional route of an IPO so they can instead sell the large volumes of shares needed to successfully launch the company on the public market from their own portfolios.By unloading their piece of a very unprofitable company, currently valued at around $20 billion, these private investors can re-invest in some other, more stable opportunity and entirely avoid the tough task of figuring out how Spotify can leverage a hugely popular brand into a legitimately successful business enterprise.
Xiaomi, a startup of scale,now surely too big to fail,can reach the $100 billion holy grail.Here’s a collection of the hottest stats on Xiaomi’s upcoming IPO:Stay a step ahead with the upcoming Tech in Asia Premium.Committed to producing deeply reported content on tech and startups in Asia, we will be moving into a paid subscription model in the near future.
Tesla survived the summer and Musk settled with the SEC just in time to witness the UN issue its most dire warnings about global warming to date.There was the ongoing battle against short sellers, Musk's accusing a diver involved with the Thai rescue of pedophilia, the now-infamous "funding secured" go-private tweet, all the other tweets, the tearful interviews, the mad Model 3 production rush, the assembly line in a tent, the SEC lawsuit, the SEC settlement.And yet, even amid a market rout last week that dealt out considerable pain to tech stocks, Tesla hung in there.In a few weeks, Tesla will report third-quarter earnings, and the results are cued up to show a profit, or at least something pretty close to a profit.If it comes to pass, it should be enough to calm the gales of negativity around Tesla, if only briefly ... as long as Musk doesn't undermine the positive news by doing something ill-advised.For what it's worth, Tesla's quarterly revenue should also surge, reminding investors that even as the company burns through a mountain of cash, it's building another mountain of new money with its ever-increasing topline.
No one knew it was coming.Not even the writers, who were already laying out plans for the next chapter of Daredevil’s story.We got a chance to talk with one of the writers who was working on season four, who shared her shock at the show’s demise and why she think it spells doom for the future of The Defenders TV universe.Becher-Wilkinson, who wrote the season three episode “Karen,” had been brought on board for the next saga.The storyline for season four had already been drafted and pitched to Netflix, and the writers were waiting for the seemingly inevitable news that they would get renewed, despite recent cancellations of Luke Cage and Iron Fist.Becher-Wilkinson was actually in the middle of creating a writing schedule for season four when the news came down.
Over the last 15 years, TVNewser has documented the downfall of some of the most high-profile TV news personalities—journalism professionals who had been welcomed into homes day after day for years, only to be undone seemingly in an instant.Below, a look at some of the most notable TV-news flameouts since 2004.After an outside investigation found flaws in the reporting of the military service of George W. Bush, including the use of fake documents as source material—a report that aired just weeks before the 2004 election—Rather lost his anchor seat in 2005.He left the network a year later.At NBC, Williams was the anchor of America’s most-watched evening newscast when, in February 2015, he told a story of a Chinook helicopter that he was riding in during the Iraq War coming under fire.Williams had been telling the story since 2003, but now soldiers who were on the chopper that had been hit called it out as a fabrication.