Uber admitted Tuesday that hackers stole personal data belonging to 57 million customers and drivers — a fact it concealed for more than a year. The attack, which took place in October 2016, resulted in the worldwide theft of names, email addresses and phone numbers belonging to 50 million Uber riders, according to Bloomberg, which first reported the hack.
Researchers from the University of Utah's departments of electrical and computer engineering and physics and astronomy have discovered that a special kind of perovskite, a combination of an organic and inorganic compound that has the same structure as the original mineral, can be layered on a silicon wafer to create a vital component for the communications system of the future. Scientists are investigating how to apply these light frequencies to convey data because of its remarkable potential for increasing the speeds of devices such as cellphones and internet modems.
Uber Technologies approved SoftBank Group's offer to buy a multibillion-dollar stake in the ride-hailing company, setting the stage for one of the largest private startup deals ever and which would resolve a legal battle between former Chief Executive Travis Kalanick and a prominent shareholder.
Apple wants to have a standalone augmented reality headset ready for use by 2019, according to a new report from Bloomberg. The company’s interest in the technology is well-established, with CEO Tim Cook stating in a recent earnings report that Apple believes “AR is going to change the way we use technology forever.” The company took a first major step into augmented reality this year with the launch of ARKit in iOS 11.
With the number of digital transactions around the world increasing by the day, Facebook is also looking to improve users’ payment experience on its platform. Making a move in the same direction, the company may soon start testing ”red envelope” payments feature that will allow users to send money to others on the platform.
Amazon on Wednesday unveiled an augmented reality feature in its iOS shopping app that shows customers a 3-D rendering of how a given product will look in their home or workspace before they order it. AR View offers the ability to view thousands of products for the home or office – including furniture, electronics, toys, games, home décor and more – in augmented reality.
Every company and organization has a never ending task – to reduce costs, to concur price volatility for the commodities and inputs. What do we do when presented with the free commodity? Are we ready to maximize the potential of the 21st Century commodity – data? Picking Alpha has started a search for answers from the European Commission, who generated the idea of free data to be available for the whole world, through it’s massive Space program – Copernicus.
The world's 1,000 most innovative companies increased their R&D spending by 3.2 percent in 2017, pushing it to an all-time high of $702 billion (€597 billion), according to the Global Innovation 1000 survey published by consultancy PwC on Tuesday. The figure marked a resumption of meaningful growth in innovation spending following flat results in 2016, and means the global private-sector spending is now 2.7 times as high as it was in 1999 - the first year for which PwC assembled data. The rise in R&D spending came despite a 2.5 percent decline in revenue for those 1,000 companies surveyed by PwC. As a result, the combination of overall spending growth and lower revenues led to a record-high R&D intensity rate of 4.5 percent.
Tesla fired hundreds of employees following what the company said is an annual performance review process, the company told TechCrunch. The news was first reported by The Mercury News. “Like all companies, Tesla conducts an annual performance review during which a manager and employee discuss the results that were achieved, as well as how those results were achieved, during the performance period,” a Tesla spokesperson said. “This includes both constructive feedback and recognition of top performers with additional compensation and equity awards, as well as promotions in many cases. As with any company, especially one of over 33,000 employees, performance reviews also occasionally result in employee departures. Tesla is continuing to grow and hire new employees around the world.”
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