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Uber allegedly hacked rivals, surveilled politicians, and impersonated protestors

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Last month, details emerged about a secretive unit within Uber dedicated to stealing trade secrets, surveilling competitors, using self-destructing messages, and dodging government regulators. The accusations came from a former member of Uber’s security team, Ric Jacobs, whose 37-page letter detailing all of Uber’s shady behavior was sent to Uber’s management earlier this year. Prior to today, only snippets of the letter have been read aloud in court. Now, a redacted copy of the letter is public as part of the ongoing litigation between Uber and Waymo, the self-driving unit of Alphabet. And it’s a dooz... Read More
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Phil Fish made a ‘pretty f***ing cool’ interface for Analogue’s Super Nintendo hardware

In Education, Government, Mobile Technology, Start Up by Venture BeatLeave a Comment

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Fez and Super Hypercube designer Phil Fish specializes in a retro-futuristic visual design that is apparent in his interfaces, but now Fish has taken that a step further by working with classic-gaming-hardware company Analogue on its upcoming Super Nt revision of the Super Nintendo. F... Read More
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How CA Technologies is brewing startups within a big enterprise

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I first met Otto Berkes when he was one of the founders of Microsoft’s Xbox team, alongside three other crazy Microsoft colleagues. They hatched a crazy scheme to get Microsoft in the console business, and now it’s a multibillion-dollar enterprise. I wrote a book about them and the work they did as intrapreneurs, or a team creating a startup within a big company. And many years later, Berkes is still focused on innovation and intrapreneurship. Berkes left Microsoft in 2011. The... Read More
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Blockchain company to launch Bluetooth IoT in Dubai

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Moeco.io, a Hong-Kong based startup, has partnered with Yzerchat to create a blockchain technology-based, broadband-enabled, Bluetooth network for IoT devices in Dubai. Moeco provides a blockchain-powered platform, which can then be used to provide IoT device connectivity via Bluetooth connection.  Moeco has partnered with Yzerchat, an automatic translating messaging app popular in the United Arab Emirates. Combining an existing app with the Moeco will turn any smartphone with the Yzerchat app installed into a Bluetooth-connected IoT data-gathering device. With t... Read More
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How Phil Rosedale will use blockchain to power the Metaverse

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High Fidelity recently unveiled Avatar Island, a virtual reality domain where users can buy and sell items based on a blockchain service. Philip Rosedale, CEO of High Fidelity, sees it as the latest evolution of virtual worlds and virt... Read More
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This electric truck startup thinks it can beat Tesla to market

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A new electric truck startup came out of stealth this week to announce its plan to bring its heavy-duty electric vehicle to market before the Tesla Semi hits in 2019. Thor Trucks’ prototype, the ET-One, is a “Frankenstein” built from parts cobbled together from other tractor-trailers. It has a range of 300 miles, a full load capacity of 80,000 pounds, and will eventually retail for $150,000. It’s also working on a 100-mile-range version. It seems that ever... Read More
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The DeanBeat: How Canada’s game industry is thriving, one Cuphead at a time

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I spent a few days at the Montreal International Game Summit this week, where 2,600 game developers gathered to talk shop. It was, once again, a good place to visit to hear about what is going right with gaming. It was a change of pace to hear about how valuable gaming has become to a nation’s economy, and how it is also good, as one game developer put it, to be a “disciplined warrior of light and courage.” Amid a ten-degree Farenheit snowstorm and a lot of chatter about Donald Trump, the show went on. It opened with a ... Read More
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Reinventing The Cheese Wheel: From Farmhouse To Factory And Back Again

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Enlarge this image Bronwen (left) and Francis Percival in the pasture with cows. Their new book traces the transatlantic cheese wars that led to the rise of factory cheeses and loss of traditional varietals. They also look at the farmhouse cheesemakers working to restore that lost legacy. Jon Wyand... Read More
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Computer Scientist and Biomedical Engineer Named Fellows of the National Academy of Inventors

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Computer Scientist and Biomedical Engineer Named Fellows of the National Academy of InventorsStony Brook, NY, December 15, 2017 --  Arie Kaufman, PhD,  Distinguished Professor of Computer Science, and ... Read More
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No. 266: Luminati back at the dance, LIREDC on top and the LIRR on track three

In Business, Education, Emerging Technology, Government, Legal, Science & Nature, Security, Start Up by Innovate LILeave a Comment

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Glad tidings: Happy Friday, readers old and new, and a special hello to Innovate Long Island’s newest sponsor, Uniondale law firm Ruskin Moscou Faltischek. Welcome to the show! Yellow peg: One of the great board games in history was “first conceived” on this date, according to ThoughtCo.’s unofficial History of Trivial Pursuit, which pegs Dec. 15 as the day Canadian newspapermen Chris Haney and Scott Abbott – over a game of Scrabble, natch – invented the future cultural phenomenon. (See what we did there, with the yellow peg?) We love a good trivia challenge, along with story tips, calendar... Read More
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Uber investor departs Shervin Pishevar Sherpa Capital amid sexual harassment claims

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(Reuters) — Silicon Valley investor Shervin Pishevar, known for his early bet on Uber Technologies Inc, said on Thursday that he would sever ties with his venture capital company, Sherpa Capital, after being accused of sexual misconduct. Pishevar, who has denied the accusations, said in a statement provided by his lawyer that he was voluntarily leaving Sherpa Capital, which he co-founded, because of ongoing “untruthful attacks” against him. Bloomberg reported in November that five women accused Pishevar of exploiting a professional connection or the pros... Read More
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AI Weekly: Inaugural AI Index report tracks industry progress and shortcomings

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One of my favorite sayings in the tech/business/startup world is “Innovation happens at the edges.” In AI, on one end of the spectrum, billions in investments and acquisitions are pouring in from  giants like Nvidia, Google, and Microsoft. On the other side, small, imaginative teams are trekking out to new frontiers untouched by AI. A great look at the performance of companies big and small is the inaugural AI Index 2017 report, which came out a few weeks ago. If you haven’t gotten to it yet, I suggest you check it out. It’s put together by some of the best known and most reputable people in AI, like Jack Clark at OpenAI and Yoav Shoham, an AI professor at Stan... Read More
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Small business optimism grows on GOP tax reform bill

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Published on Dec 14, 2017Small Business and Entrepreneurship Council president and CEO Karen Kerrigan and Park Avenue Properties CEO and Founder John Bradford on the impact the GOP tax reform bill may have on small businesses. Category License Standard YouTube License ... Read More
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AR and VR could be educational — and profitable — tools for museums

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Museums are wonderful institutions and treasures to society with a serious and important mission to preserve our history. What major city doesn’t boast at least one incredible museum that local communities and traveling visitors alike can enjoy and learn from? Although significant as centers of culture and history, museums are a difficult business. For many museums, less than 27 percent of annual operating budgets are covered by revenue from ticket sales, with the great majority of the shortfall offset by endowments and donations. A museum is really only as st... Read More
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AI might just live up to all the hype one day

In Business, Education, Emerging Technology, Government, Healthcare, Legal, Science & Nature, Start Up by Venture BeatLeave a Comment

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If AI isn’t the most hyped technology of the 21st century, it’s certainly right up there with earlier manias for mobile, virtual reality, the internet of things, and big data. Companies large and small feel pressure to claim they use AI in some key way to drive their business. But does AI deserve this level of hype? On one end of the spectrum are the doomsayers (including heavyweights like Stephen Hawking and ... Read More
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AI’s impact on network engineering now and in the future

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2017 was the year we saw artificial intelligence take off. Or was it? If nothing else, AI continues to climb the technology hype curve. It was impossible to read the news, browse the web, attend a conference, or even watch television without seeing a reference to how AI is making our lives better. Since Alan Turing declared “what we want is a machine that can learn from experience” in a 1947 lecture to the London Mathematical Society, the imaginations of computer scientists and engineers have run wi... Read More
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Target’s acquisition of Shipt is a win for Alabama, but coastal investors are the biggest victors

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Target’s $550 million all-cash acquisition of online grocery delivery service Shipt on Wednesday may not seem large by Silicon Valley standards. But when you consider that it’s taken startups in Shipt’s home state of Alabama five years to raise that same amount of money, you can see why Shipt’s acquisition might be cause for celebration among some Alabama entrepreneurs. “It’s one of our biggest successes, and we hope to build on that for sure. We’ve ... Read More
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Shervin Pishevar exits Sherpa Capital for good following sexual assault allegations

In Government, Legal, Start Up by The VergeLeave a Comment

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In 2013, the venture firm Sherpa Capital was founded by Shervin Pishevar and Scott Stanford. Today, Pishevar announced he would “end his association” with the organization, as the fallout continues from multiple allegations of sexual misconduct and assault. Last month, Bloomberg reported on accusations from five different women who said that Pishevar had abused his power as a prominent investor and Uber board member and that he has harassed or sexually assaulted t... Read More
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Skype mobile users get ScribbleChat’s 3D handwriting and animated stickers

In Business, Government, Mobile Technology, Start Up by Venture BeatLeave a Comment

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ScribbleChat, which wants to humanize the digital chat experience by offering 3D handwriting and animated stickers, announced today that it is integrating with Microsoft-owned Skype. For now, only Skype’s mobile users will be able to experiment with ScribbleChat, but the extension will be available to desktop users in 2018, according to a statement. ScribbleChat was launched earlier this year and is the brainchild of Handwriting.io, a software startup that has created more than 200 authentic digital handwriting styles for business communications. Based in New... Read More
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Uber is being investigated for criminal behavior, Justice Department confirms

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The US Department of Justice confirmed that it is investigating Uber, according to a letter submitted to a judge overseeing Alphabet’s lawsuit against the ride-hail firm. It is the first official confirmation that federal prosecutors are probing Uber’s alleged theft of Alphabet’s trade secrets. The letter, addressed to federal judge William Alsup, was from the office of Acting US Attorney Alex Tse from the Northern District of California. Tse confirms that prosecutors, in the course of a “pending criminal investigation,” interviewed ex-Uber security analyst Richard Jacobs, whose letter to Uber’s legal team concerning illegal behavior by Uber employees was recently made public. In the interview,... Read More
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Y Combinator announces growth program for later stage startups

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Silicon Valley-based accelerator Y Combinator (YC) announced today that it is launching a growth program for later stage startups. The program, which will be a 10-week dinner series, is designed for founders of post-Series A startups who have between 50 and 100 employees. Over the past decade, YC has become a pivotal player in the startup scene, funding seed-stage startups through its biannual batch program, which offers founders three months of mentoring, as well as $120,000 for a seven percent equity stake. Notable graduates include Airbnb, Dropbox, Instacart, Reddit, and Stripe. A little over two years ago, the accelerator launched the ... Read More
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Number of Items Identified: 6
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1demonstrator0.76person, demonstrator
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4alizarine red color1

Read the FCC’s Two Dissenting Voices on Why Net Neutrality Matters

In Business, Government, Legal, Start Up by Wired NewsLeave a Comment

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Today the Federal Communications Commission voted to overturn its rules banning internet service providers like Comcast and Verizon from blocking or discriminating against lawful content. In doing so, it effectively killed net neutrality. But not every FCC commissioner was on board. The agencies's two Democratic commissioners, Mignon Clyburn and Jessica Rosenworcel, lashed out against the order during the FCC's open meeting today. "I dissent because I am among the millions outraged," ... Read More
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3 ways local governments can make their state or city more startup-friendly in 2018

In Business, Emerging Technology, Government, Start Up by Venture BeatLeave a Comment

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Contrary to popular belief, government bureaucrats aren’t trying to thwart entrepreneurs at every turn. In my experience, the opposite has been true. The state and local government officials I meet with in my role as a vice president for an economic development organization in St. Charles, Missouri, increasingly see startups as important to the future of their economy. They understand that encouraging entrepreneurship is key to maintaining a strong employer base. However, there are a few things that state and local governments can do better to support 21st century startups. Embrace the scope of economic changes We’ve only just begun to see the impact Amazon will have on local retail. If your employment or tax b... Read More
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Read FCC chairman Ajit Pai’s statement on killing net neutrality

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When Ajit Pai was named FCC chairman earlier this year, shortly into the start of the Trump administration, he quickly made it a goal to reverse the net neutrality rules passed in 2015. Today, he got his wish, and he explained why he felt it was appropriate in a speech ahead of the vote. In his comments, Pai reiterates a number of his regular talking points, saying once again that “the internet wasn’t broken in 2015. We weren’t living in a digital dystopia” and t... Read More
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Patients Want Poop Transplants. Here’s How to Make Them Safe

In Business, Education, Government, Healthcare, Legal, Science & Nature, Start Up by Wired NewsLeave a Comment

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Neill Stollman has been called the Tupac of poop transplants. The Oakland-based, board-certified gastroenterologist didn’t invent the treatment. But he did bring it to the west coast. His first patient was a woman in her 80s with a horrible case of Clostridium difficile, a gut infection that can strike patients after a course of antibiotics clears out their existing bacterial community. It’s also one of the deadliest antibiotic-resistant threats in the US, costing the healthcare system an estimated $5 billion each year. Drugs had stopped working for the woman, and without some kind of treatment, she was going to die. ... Read More
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The FCC repeals net neutrality rules

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(Reuters) — The U.S. Federal Communications Commission voted along party lines on Thursday to repeal landmark 2015 rules aimed at ensuring a free and open internet, setting up a court fight over a move that could recast the digital landscape. The approval of FCC Chairman Ajit Pai’s proposal marks a victory for internet service providers like AT&T Inc, Comcast Corp and Verizon Communications Inc and hands them power over what content consumers can access. Democrats, Hollywood and companies like Google parent Alphabet Inc and Facebook Inc had urged Pai, a Republican appointed by U.S. President Donald Trump, to keep the Obama-era rules barring service providers from blocking, slowing access to or charging more for... Read More
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SoundCloud’s New Leader Is Focused On The Fundamentals

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Enlarge this image The rapper Vic Mensa performs during a SoundCloud event on Nov. 16, 2016 in New York. Theo Wargo/Getty Images for SoundCloud hide caption toggle caption Theo Wargo/Getty Images for SoundCloud ... Read More
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Reid Hoffman talks transportation safety with CEO of AI startup Nauto (podcast)

In Healthcare, Science & Nature, Start Up by Venture BeatLeave a Comment

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Partnering with large companies “It’s not easy working with large companies, but I think it’s a huge advantage if you can pull it off.” It is a great opportunity when startups partner with large companies, especially when the company is chosen strategically. Look for partners that are at the forefront of innovation in your industry, both technologically and in willingness to experiment and pioneer. Build the relationship on a foundation of collaboration, optimization, and a humble understanding that aspects... Read More
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Another startup is attempting to make all-in-one credit cards a thing

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Smart credit cards that let you toggle between multiple digitally saved credit cards haven't had a great run. Plastc, which raised more than $9 million in preorders, failed to ever ship a product and filed for bankruptcy. Coin, on the other hand, managed to ship a card, but ended its product services after Fitbit acquired the company. Still, the dream isn't dead, yet. A company called Edge announced today that it's acquiring Plastc for an undisclose... Read More
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Business survivors: AP revisits owners from recession years

In Business, Education, Emerging Technology, Government, Start Up by Long Island Business NewsLeave a Comment

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They are business survivors — owners whose small companies withstood the Great Recession that forced thousands of others out of business. Along the way, many had to lay off workers, forgo salaries or find new ways to earn money. Ten years after the official start of the downturn, some entrepreneurs profiled by The Associated Press as the recession began say now that they are grateful but not gleeful; they have many painful memories and lessons learned. “I have to say I’m ultraconservative now,” says Jen Miller, who told the AP in early 2008 she was feeling the... Read More
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The IndieBeat: TSA Frisky comes out of a student incubator and into our VR headsets

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Air travel can be particularly nightmarish during the holidays. But indie studio Out There Entertainment has found humor in one of the many indignities you’ve been forced to endure: Going through airport security. In its debut virtual reality game TSA Frisky, you play as a frantic Transport Security Administration employee, tasked with scanning harried passengers and their luggage as quickly as possible. A demo should hit the HTC Vive headset in January, with a port to the Oculus Rift to come in the future. Founders Remy Bustani, Preston O’Bryan, and Christian Willet met while they were students at the ... Read More
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Microsoft launches Azure Stack in India

In Business, Government, Science & Nature, Start Up by The StackLeave a Comment

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Microsoft has launched its Azure Stack in India, to assist customers in building customized, hybrid cloud environments and applications using Azure products. With today’s launch, Azure Stack partners including Dell, EMC, Lenovo and Cisco have begun to ship Azure Stack to Indian customers. Microsoft has also prepared local partners including Netmagic, Embee and G7CR for the local launch of Azure Stack, so that companies that are new to the product can begin to build on-premises cloud storage and applications. Microsoft announced at the same time that 70 of the top 100 comp... Read More
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Target acquires Shipt, will roll out $99/year, same-day delivery

In Business, Government, Start Up by Ars TechnicaLeave a Comment

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EnlargeShipt The battle between Amazon and Walmart is widely known, but Target is now entering the space in a new way. Target announced its plans to buy Shipt, a grocery delivery startup, in a $550 million all-cash deal. Born in 2014, Shipt lets members order groceries online from various supermarkets and then sends a shopper to pick... Read More
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The Researcher Who Wants to Bring AI to Factories

In Business, Education, Emerging Technology, Energy, Government, Legal, Mobile Technology, Start Up by Wired NewsLeave a Comment

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Gargantuan Taiwanese manufacturer Foxconn employs more than 1 million people and tens of thousands of robots making iPhones and other electronics. It has a reputation for cost cutting, including at the expense of its workers. Now, it’s teaming up with an artificial-intelligence researcher who helped trigger Google’s reorientation around machine learning in order to make its own factories more efficient. Andrew Ng was a Stanford professor when he joined Google in 2011 to work on a project that created ... Read More
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Brexit: Paris steps up efforts to lure London firms

In Business, Government, Legal, Start Up, Video by Al Jazeera EnglishLeave a Comment

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Ever since the result of the Brexit referendum, France has been competing with other European countries to welcome companies that plan to relocate from the British capital, London. The French capital is lagging behind Germany in attracting big banks but France has become a main destination for entrepreneurs looking to leave Britain. Al Jazeera's Natacha Butler reports from Paris.- Subscribe to our channel: http://aje.io/AJSubscribe- Follo... Read More
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Glo raises $3 million from Alibaba, cuts deal for IMAX VR arcades

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Glo has raised $3 million from Alibaba for its location-based virtual reality entertainment stations, and it has also licensed its GloStation technology platform to IMAX for its VR Centre in Los Angeles. The funding for the Hong Kong company comes from Alibaba Hong Kong Entrepreneurs Fund, CRCM Ventures, Presence Capital Fund, Mindworks Ventures, and angel investors. The investment will be used to accelerate content development and global deployment of Glo’s proprietary VR system, GloStation, through licensing, franchising, and self-operational units. Glo also announced that IMAX has licensed its GloStation technology platform – beginning with ... Read More
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Google Brain cofounder Andrew Ng unveils Landing.ai to bring intelligence to manufacturing

In Business, Government, Mobile Technology, Start Up by Venture BeatLeave a Comment

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AI technology has the potential to transform all manner of industries around the globe, and one of the field’s luminaries today unveiled a new startup he’s working on to bring intelligence to manufacturing. Andrew Ng, who helped start the Google Brain project and previously served as the head of Baidu’s AI efforts, announced Landing.ai, a company aimed at helping businesses in the manufacturing sector transform themselves into AI companies. Ng picked manufacturing because it has a number of problems that machine learning techniques can help with, and AI has the potential to radically transform the industry. Landing.ai hopes to do that by creating and providing software for manufacturing companies, as well as offering ... Read More
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Why Net Neutrality Is Important?

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Thursday, the FCC will vote on the fate of net neutrality. If successful in rolling back the 2015 rules that banned internet service providers from prioritizing certain internet traffic over others, it will be the difference between a free and open online experience, and one where corporations dictate what you can see, and how fast you can see it. To understand the importance of net neutrality—and the public fight to preserve it—we’re gathering here a collection that illustrates what it is, why it matters, and how lost the internet would be without it. ... Read More
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Ginkgo Bioworks raises $275 million to bring its lab-made DNA to more industries

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Ginkgo Bioworks, a Boston-based biotech company that designs custom microbes for clients across multiple industries, has raised  $275 million in a series D round of funding from Viking Global, Y Combinator’s Continuity Fund, Bill Gates’ Cascade Investment, and General Atlantic. Founded in 2008, Ginkgo Bioworks specializes in creating cells synthetically for use by companies in the pharmaceutical, food, and fragrance industries, though it is also branching out into the agricultural realm. The startup recently an... Read More
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FCC Set To Repeal ‘Net Neutrality’ Rules For Internet Providers

In Business, Government, Legal, Start Up by National Public RadioLeave a Comment

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Enlarge this image The Federal Communications Commission votes Thursday on the proposed repeal of "net neutrality" rules. Alex Edelman/AFP/Getty Images hide caption toggle caption ... Read More
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Microsoft Ventures invests in strategy management software startup Workboard

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Workboard, a startup that develops software for companies to manage and measure their business strategies, has raised $9.3 million in a series A round of funding from Microsoft Ventures and Floodgate, with participation from other existing investors. Founded out of Redwood City, California in 2013, Workboard offers a software-as-a-service (SaaS) platform to help organizations set their strategies, measure their progress, and shift priorities when needed. ... Read More
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Heartland Tech Weekly: How to make meaningful investments in the Midwest

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Last week, venture capitalists Steve Case and J.D. Vance announced they had raised $150 million for a new seed fund for startups located in Middle America. If you read VentureBeat’s coverage on the announcement last week, you’ll know that what was most important about the announcement was not that the fund had raised $150 million, but that the $150 million had come from high-profile investors like Jeff Bezos, Eric Schmidt, and Meg Whitman. Investors like Bezos, Schmidt, and Whitman can offer young startups more than just money — they can also make connections on beh... Read More
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Micro-Revolutions: Spidersilk, Edible Drones, Artificial Wombs, and More.

In Business, Education, Emerging Technology, Government, Healthcare, Legal, Science & Nature, Start Up by New YorkerLeave a Comment

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Food Flier Photograph by Steve Harries for The New Yorker A few years ago, a Royal Air Force wing commander visited the British aeronautics engineer Nigel Gifford, to discuss the idea of dropping aid from the sky to besieged civilians in Syria. Airdrops are extremely rare in urban environments; beyond the political obstacles, there are the logistical difficulties of landing giant pallets in small areas of a city. Even successful drops can endanger civilians. “While unpacking one and... Read More
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How AI will continue its journey into the mainstream in 2018

In Business, Emerging Technology, Finance, Government, Healthcare, Science & Nature, Security, Start Up by Venture BeatLeave a Comment

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Artificial intelligence had something of a coming out party in 2017. While some intense sensationalization of AI persisted throughout the year, progress was made to help people understand the realities of AI-driven technologies and applications that guide several aspects of their personal digital lives. The inner workings of AI technologies and how they make decisions, however, remained a ... Read More
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The Mirai Botnet Was Part of a College Student Minecraft Scheme

In Business, Education, Events, Gaming, Government, Legal, Science & Nature, Security, Start Up by Wired NewsLeave a Comment

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The most dramatic cybersecurity story of 2016 came to a quiet conclusion Friday in an Anchorage courtroom, as three young American computer savants pleaded guilty to masterminding an unprecedented botnet—powered by unsecured internet-of-things devices like security cameras and wireless routers—that unleashed sweeping attacks on key internet services around the globe last fall. What drove them wasn’t anarchist politics or shadowy ties to a nation-state. It was Minecraft. It was a hard story to miss last year: In France last September, the telecom provider OV... Read More
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On Cyber Monday, Are you Delivering Systems of Trust?

In Business, Legal, Science & Nature, Security, Start Up by CA TechnologiesLeave a Comment

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Despite the fast and furious introduction of cloud services, the mainframe has held steady as an integral part of retailers’ hybrid data center. Brick-and-mortar retailers (like Macy’s, Walmart, and H&M) that rely on mainframe technology understand that it’s crucial they keep the customer trust they spend decades building as they expand into the digital marketplace. Behind the scenes, the mainframe is mission essential, powering 18 of the top 25 retailers’ data centers and storing 71% of corporate data. There’s a reason for that: I... Read More
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The dataset snowball effect: How AI is changing SaaS

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From machine learning-powered fraud defense on Shopify to Salesforce’s Einstein, over the past couple of years, SaaS industry leaders have invested heavily in artificial intelligence R&D and have rapidly acquired AI companies to give themselves a lead over the competition. Thanks to cloud computing services democratizing access to AI, we may be on the cusp of a new age when emerging SaaS providers begin to roll out AI applications that really so... Read More
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3 alternative funding models that could help Heartland startups

In Business, Education, Finance, Government, Start Up by Venture BeatLeave a Comment

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The Dow Jones may be at an all-time high, but entrepreneurial activity in the United States is close to a 40-year low. According to the Kauffman Foundation’s 2017 State of Entrepreneurship report, many startups face serious barriers because they are run by women or people of color. Geography also plays a part. According to the Economic Innovation Group, 50 percent of firms created since the great recession were built in just 5 (large, wealthy) counties. Why? One big reason: the mathematics of venture capital. Over the past... Read More
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How A Woman Engineer Built A Public Case Against A Sexual Harasser In Silicon Valley

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Enlarge this image Niniane Wang, an experienced engineer with a startup incubator, says she was harassed by a male investor. She wanted to be certain that when she came forward, she wouldn't be ignored like others had been. Joe Scarnici/Getty Images for Fortune hide caption ... Read More
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Long Island REDC rebounds with ‘Top’ $84.3M haul

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By GREGORY ZELLER // The Long Island Regional Economic Development Council is back on top, once again ranked as a “Top Performer” in Albany’s annual REDC sweepstakes with a hefty $84.3 million haul. That’s terrific news for the “priority” and “regionally significant” projects on the LIREDC’s 2017 wish list, which included funding for a waterfront revitalization effort in Greenport, a new technology-focused Digital Ballpark business incubator in the Wyandanch Village development and 31 other projects that... Read More
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Indie publisher Raw Fury raises $600,000 from former Unity CEO David Helgason and others

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Indie publisher Raw Fury has raised a seed round of $600,000. It’s led by former EA executive Karl Magnus Troedsson, who joined as a partner and investor in 2016. Other notable investors include former Unity CEO David Helgason and Rikard Lindström, who has previously invested in game studios such as King. “Sometimes I just invest in a team after meeting them one time or twice,” said Helgason in a phone call with GamesBeat. “In the case of Raw Fury, I’ve known Jonas Antonsson, the Icelandic founding CEO — I’ve known him for a really long time. Ten year... Read More
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Kasisto Announces $17 Million in Series B Funding led by Oak HC/FT

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New funding to drive expansion and launch of new AI-powered conversational products for financial services organizations NEW YORK–(BUSINESS WIRE)–December 13, 2017– Kasisto, creators of KAI, the leading conversational AI platform for finance, today announced a $17 million Series B funding round led by ... Read More
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This man has made more money trading cryptokitties than investing in his IRA

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CryptoKitties, a game where users breed and trade digital kitties using Ethereum-based smart contracts, has emerged as the latest mark of society’s obsession with rising cryptocurrency values. In some ways, the popularity of the game reflects the skyrocketing values of digital currencies like Bitcoin and Ether. Total sales on the platform created by Canadian startup Axiom Zen have reportedly hit $12 million, accordin... Read More
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Skillz raises $25 million for mobile esports platform

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Skillz has raised $25 million in funding for its mobile esports platform from investors including Liberty Global and Telstra. Back in May 2017, the San Francisco company announced that its revenue run-rate had doubled in the previous eight months to more than $100 million, meaning from May 2017 to May 2018, the company was on track to hit $100 million in revenues. The San Francisco startup provides a platform to turn any mobile game on iOS and Android into a game you can play with friends or strangers for cash, prizes, or points. And it enables esports tournaments for games that integrate the Skillz platform. ... Read More
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No. 265: Santa snickers, the Manufacturing Task Force Awakens and the Golden Globes go to…

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Gut Yontiff: “Good holiday,” for our non-Yiddish speaking readers, and a Happy Hanukkah to all. Adam Sandler’s “eight crazy nights” – the Jewish Festival of Lights commemorating the rededication of the Holy Temple in Jerusalem during the circa-160 B.C. Maccabean Revolt – commenced Tuesday evening. A big date for breakthroughs: The dry dock (1816), the ice cream cone (1903), the first fully automated photographic film developer (1928) and the fathometer (also 1928), which measures underwater depth, were all patented on Dec. 13. See, that’s the kind of stuff we love to hear about at ... Read More
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European mobile payments company iZettle raises $47 million

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Mobile payment company iZettle, often referred to as the “Square of Europe,” has raised €40 million ($47 million) in a round of equity funding led by VC firm and early backer Dawn Capital and The Fourth Swedish National Pension Fund, with participation from other existing investors. This takes the company’s total funding over the past year to around $150 million, constituting a mix of debt and equity financing. Indeed, the Swedish startup announced a $63 million round back in January, around 75 percent of which was debt financing from Victory Par... Read More
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Nvidia partners with Japan’s Komatsu to make construction safer with AI

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Japanese construction equipment manufacturer Komatsu will work with Nvidia to use artificial intelligence to make construction sites safer. Santa Clara, California-based Nvidia announced the deal at its GTC Japan event, where CEO Jensen Huang said that Nvidia graphics processing units (GPUs, which can be used for AI processing) will power visualization and analysis of construction sites for safety issues. Nvidia’s Jetson AI platform, a credit card-sized device designed to drive robots and drones, will serve as the brains of heavy machinery. “Artificial intelligence is sweeping across industries, and its next frontier is autonomous i... Read More
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Number of Items Identified: 8
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Estonia, the Digital Republic

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Up the Estonian coast, a five-lane highway bends with the path of the sea, then breaks inland, leaving cars to follow a thin road toward the houses at the water’s edge. There is a gated community here, but it is not the usual kind. The gate is low—a picket fence—as if to prevent the dunes from riding up into the street. The entrance is blocked by a railroad-crossing arm, not so much to keep out strangers as to make sure they come with intent. Beyond the gate, there is a schoolhouse, and a few homes line a narrow drive. From Tallinn, Estonia’s capital, you arrive dazed: trees trace the highway, and the cars go fast, as if to get in front of something that no one can see. With... Read More
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Love 3.0: How technology changes our definition of love, sex, and relationships

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Last month, I traveled to Singapore to moderate a panel on Love 3.0 at the IMI Festival. The goal of the discussion was to assess whether technology has changed our definition of love, sex, and relationships. Seeing as many of us have become overzealous, right-swiping Tinder addicts, I would be inclined to say that it has. But the topic does not start and end with dating apps. The panel was made up of four speakers: Dema Tio, cofounder and CEO of Vibease, a smart vibrator that can be used remotely in long-distance relationships and synced with erotic audio playbooks; Erin Chen, a sex and ... Read More
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Bitcoin Is Soaring. Here’s Why It’s Not Ready for the Big Time

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“To the moon!” The phrase is the battle cry of true believers in cryptocurrency bitcoin—and charts of its price in recent weeks point directly heavenward. Yet beyond a batch of newly minted crypto-millionaires, the digital asset’s recent bull run has also exposed long-standing weakness in the underlying technology that could crimp bitcoin’s long-term viability. Bitcoin was a gift to the world from Satoshi Nakamoto, a pseudonymous person or persons who laid out the design in a 2008 white paper. The paper complained that conventional financial institutio... Read More
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Low-wage workers drive the global AI labor market

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Artificial intelligence will be one of the key drivers of the economic growth in the next few years. But what will drive the AI industry itself? Some consider AI technologies a secret weapon of a few high-paid engineers. In fact, the success of an AI solution is mainly defined by the low-paid workers in developing countries. Here’s why. Who holds the keys By 2025, AI technologies and AI-driven services will become a nearly ... Read More
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China is right: The world doesn’t need Silicon Valley

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Ever since the Chinese Government banned Facebook in 2009, Mark Zuckerberg has been making annual trips there attempting to persuade its leaders to let his company back in. He learned Mandarin and jogged through the smog-filled streets of Beijing to show how much he loved the country. Facebook even created new tools to allow China to do something that goes against Facebook’s founding principles — censor content. But the Chinese haven’t obliged. They saw no advantages in letting a foreign company dominate their technology industry. China also ... Read More
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How 34 Illinois tech organizations are working to close the diversity gap

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Diversity is a major topic of conversation in tech, but so far, that conversation hasn’t significantly improved representation of women and minorities in the industry. In a recent survey conducted by First Round Capital, nearly 68 percent of founders across the country believe that the tech industry will not become representative of the general population in terms of gender, race, and ethnicity for at least 10 years, if not more than 20 years. Among the reasons the founders gave were a lack of women and minorities going into tech, unconscious bias, poor college recruiting into STEM, and lack of industry mentors or role models. Th... Read More
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HQ isn’t fun anymore

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If you’d asked me two weeks ago how I felt about the live trivia app HQ, I would’ve told you I loved it. I like trivia generally, because I like puzzles and I like to win. Before HQ launched in October, most of the trivia games I played took place at dark bars with big groups of friends, everyone trying whisper the answers just loud enough to be heard over 90 decibels of music, but not so loud that competing teams could eavesdrop. If we won, the prize was usually a gift card to the bar we were already sitting at, or a pitcher of beer. When HQ came along, with live games every day at 3PM and 9PM ET, I thought it’d be the perfect way to play trivia without having to wrangle together a group and stop at ... Read More
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Manticore Games raises $15 million for multiplayer gaming from Benchmark Capital

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Manticore Games, a startup founded by former Zynga and Electronic Arts executives, has raised $15 million from Benchmark Capital. That’s a hefty amount to invest in a new studio, but the round was led by Mitch Lasky, a former Activision and Jamdat Mobile game maker, who is not a general partner at Benchmark, which is one of Silicon Valley’s most well-known venture capital companies. Lasky will join Manticore’s board. The San Mateo, California-based company was started by Frederic Descamps and Jordan Maynard, who were the founders of social game startup ... Read More
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Burn Out

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When Faraday Future emerged from stealth mode in 2015, it promised to transform the car industry with an American-made luxury electric vehicle that would someday be fully autonomous, maybe even sold through a subscription service. As we learned at ... Read More
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6 months on, Bancor explains what happened after its $153 million ICO

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It was a landmark event. Earlier this year, Bancor raised an eye-watering $153 million through its ICO. What got everyone fired up about Bancor? The company promised that it could enable smart tokens to serve as legitimate currency. In other words, Bancor addressed the need for a smart token standard to link all cryptocurrencies together into an autonomous and decentralized liquidity network. Six months after that meteoric raise — one that set the tone for ICOs going forward — what has happened at Bancor, and what has the team learned? T... Read More
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World’s First Equity-Linked Token, Finova Financial’s JCO to be Available through WeFunder Crowdfunding Platform

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Partnership with WeFunder Opens Door to Other Companies Interested in Using New JCO Model that Merges Blockchain, Crypto, and Crowdfunding WEST PALM BEACH, Fla.–(BUSINESS WIRE)–December 12, 2017– Finova Financial, a digital financial services provider transforming the future of global banking, announced today that it is partnering with crowdfunding platform WeFunder to make Finova’s ... Read More
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Groupon founder’s new app Descript edits audio files directly from text

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Andrew Mason, the co-founder and former CEO of Groupon whose most recent company produced audio-guided city walking tours, has moved on to his next start up – and it involves more audio technology. Mason’s new app Descript is supposed to allow audio editors to make changes to an audio file simply by editing the text transcription of that audio file. The idea, he says, is to offer anyone editing audio files, whether podcasters, journalists, or musicians, the ability to edit single-track audio clips as easily as they would edit words in a word processing document. De... Read More
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Apple’s $400 million purchase of Shazam: Lessons from a wounded unicorn

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Apple’s acquisition of Shazam is without a doubt big news for Europe’s striving startup scene. What’s less clear is whether it’s good news or bad news. Founded in 2004, in the pre-iPhone era, Shazam’s is a remarkable tale of endurance. But just three years ago, the company was reportedly on track for a $1.2 billion IPO as its music-recognition app passed the 100 million download mark. Then, just a few months later, there was talk that the IPO had been pushed back to 2015. Instead, the compa... Read More
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FCC Plan to Kill Net Neutrality Rules Could Hurt Students

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Nichole Williams needed a career reboot. After more than a decade as a web designer in Atlanta, she felt her career was moving backward. She knew she needed to expand her programming skills to stay relevant in the field, so she signed up for Thinkful, an online-education startup that pairs students with one-on-one mentors who work with them over video-chat connections to help them learn to code. Video plays a growing role in the education of students like Williams who turn to videoconferencing, streaming lectures, and other forms of high-tech distance learning to complete or extend their educations. But the ... Read More
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Bitcoin futures suggest price gains to slow down

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(Reuters) — Newly launched bitcoin futures on Monday suggested that traders expect the cryptocurrency’s blistering price gains to slow in the coming months, even as it blasted above $17,000 to a fresh record high in the spot market. Chicago-based derivatives exchange Cboe Global Markets launched the futures late on Sunday, marking the first time investors could get exposure to the bitcoin market via a large, regulated exchange. The one-month bitcoin contract opened at 6 p.m. local time on Sunday at $15,460. By late afternoon on Monday in New York, it was trading at $18,650, roughly 8 percent above bitcoin’s spot price of $16,900 on the Bitstamp exchange BTC=BTSP. Bitcoin earlier hit a record high of $1... Read More
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Inflect Raises $3 Million Seed Round, Led by Internet Infrastructure Industry Veterans

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SAN FRANCISCO–(BUSINESS WIRE)–December 11, 2017– A cross-section of experts who understand the challenges of buying and selling internet infrastructure globally have signed on as investors in the seed round for San Francisco-based Inflect. The $3 million Series Seed round includes both sides of the industry: internet startup veterans with first-hand knowledge of the challenges faced when searching for and buying internet infrastructure globally, as well as the service providers who struggle to reach buyers directly. Investors in the round include: Jon Buccola Sr. of Greenpoint Technologies Travis Cole, former senior manager, Platform Engineeri... Read More
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Old St. Trick: Naughty Nomorobo traps telemarketers

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By GREGORY ZELLER // ’Twas the month before Christmas, and all through the land, robocalls haunted every woman and man – until Santa stepped in, and exacted a little robo-revenge. Welcome to A Very Nomorobo Christmas, a slightly offbeat holiday tale that spritzes pine-needle scent all over a somewhat brilliant marketing scheme that gives customers (and potential customers) an entertaining reason to come back and visit, while adding whole new dimensions to “jolly” St. Nick. That’s thanks to a clever alliance between Port Jefferson-based parent company Telephone Science Corp. – owner of hugely successful robocall bloc... Read More
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Gary Shapiro interview: CES 2018 will have 4,000 exhibitors across 2.6 million square feet

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Gary Shapiro is the showman of the greatest technology show on Earth. As the president and CEO of the Consumer Technology Association (CTA), he presides over CES, commonly known as the Consumer Electronics Show. CES 2018 is just around the corner, running from early press events starting on January 7 through January 12. The big tech trade show drew 184,498 people earlier this year, and Shapiro is planning for another record-breaking event in January. The show will likely have more than 4,000 exhibitors across 2.6 million square feet of exhibit space, though final numbers ... Read More
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Christie Brinkley Spills All About Her Kids, Activism and Her Wine

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That dazzling smile is instantly recognizable. No wonder: Supermodel Christie Brinkley has appeared on some 500 magazine covers around the world. Today, at age 63, the Malibu-raised surfer girl is an environmental rights advocate, humanitarian, TV host, Broadway star, New York Times best-selling author, and entrepreneur. The longtime Long Island resident spoke with the Long Island Press about Christie Brinkley Authentic Skin Care products, Hair2Wear extensions, Bellissima Prosecco sparkling wines, and the creativity and gratitude that sustain her. Long Island Press: What would other people be surprised to learn about you? CB: Som... Read More
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Ouster raises $27 million and launches its autonomous car lidar out of stealth

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A fledgling lidar startup is launching out of stealth today, backed by more than $30 million in investors’ money. San Francisco-based Ouster has officially unveiled its OS1 lidar, which it said represents a “step-change in lidar sensing technology” compared to what is currently available elsewhere on the market, with “marked improvements in mass, form factor, and power requirements.” Ouster said that in addition to improvements in form factor and power requirements, its 64-channel lidar sensor, which is shipping now, also matches the resolution of the highest performing automotive lidar technology available today. ... Read More
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Flying cars don’t exist yet, but one company already wants to race them in the desert

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An Australian startup called Alauda came out of stealth mode this week to announce its plans to host the world’s first “flying car” race in 2019. It built its own scaled-down prototype, a racecar-shaped quadcopter called the Alauda Mark 1 Airspeeder, that it plans on testing in 2018. And naturally it’s taken to Kickstarter to raise money to fund all its efforts. It’s a twist on the typical story we hear these days about flying cars. While most engineers and developers think the only possible use case for these vertical take-off and landing vehicles (VTOLs) — which are really just oversized drones, when you think about it — is some sort of... Read More
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Talk of a bubble intensifies as price of bitcoin soars

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Is bitcoin in a bubble? The price of bitcoin has been soaring this year, and last week alone it jumped from $11,000 to well over $17,000, according to Coindesk. It started the year below $1,000. That rocketing level of appreciation smells a lot like an irrational investor mania to many economists and financial pros, the kind that sent prices for unprofitable startup internet companies soaring in the dot-com boom. Those prices eventually came crashing down. “We saw this in the 1990s,” says Barry Ritholtz, chairman and chief investment officer of Ritholtz Wealth Management. “Any of those things sound familiar? ‘This is unique, this will change everything?'” Like many others in finance, Ritholtz expects... Read More
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1jade green color0.629

In Effort To Court Drivers, Lyft Offering Education Discounts

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Enlarge this image A Lyft driver places a company emblem on his dashboard Jan. 31, in San Francisco. Lyft announced it's offering education benefits, a move aimed at recruiting and retaining drivers in its competition with Uber. Kelly Sullivan/Getty Images for Lyft hide caption ... Read More
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Menlo Security raises $40 million to help companies block malware

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Cybersecurity startup Menlo Security has closed a $40 million series C round of funding from American Express Ventures, Ericsson Ventures, HSBC, JPMorgan Chase, General Catalyst, Sutter Hill Ventures, Osage University Partners, and Engineering Capital. Founded out of Menlo Park in 2013, Menlo Security’s core raison d’être is to protect organizations from cyberattacks by blocking malware from the web, documents, and email. The so-called Menlo Security Isolation Platform (MSIP) basically sits between the end user’s device and the internet. All web access requests are proxied via the MSIP, which connects to a site and then streams a safe version of the webs... Read More
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New York Today: New York Today: A Culinary School for Refugees

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Photo Kerry Brodie, 27, founded the charity Emma’s Torch. In New York, she says, “there is so much good will to help others.” Credit James Estrin/The New York Times Good morning on this bright Monday.... Read More
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Bitcoin futures begin trading on Chicago’s CBOE

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(Reuters) — Bitcoin futures jumped more than 20 percent in their eagerly anticipated U.S. debut, which backers hope will encourage wider use and legitimacy for the world’s largest cryptocurrency even as critics warn of the risk of a bubble and price collapse. The launch on Sunday night may have caused an early outage of the Chicago-based CBOE Global Markets’ website. The exchange said that due to heavy traffic on the CBOE Global Markets website, the site “may be temporarily unavailable.” The one-month bitcoin contract opened trade at 6 pm (6.00 p.m. ET) at $15,460, dipped briefly and then rose to a high of $18,700. As of 0630 GMT, it was up 17 percent from the open at $18,140, with 2,368 contracts ... Read More
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Greece’s Dimitris Vitsas: As the global threat evolves, so too must the defense industry

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Defense as a concept has a complex structure and function and is indissolubly linked to the threats that an organization, whether it be an individual state, a group of states of a particular region or an alliance of states, is called upon to face. Defense is organized on the basis of identifying the present, future or potential threat, the strategic deterrence plans, the education and practice of the staff, and the availability of means and weapon systems, which, in order to be effective, must be flexible and simultaneously make the most of the technology achievements. ... Read More
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What hardware investors want to see in 2018 (and what they don’t)

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As hardware startup investors, we spend a good part of our lives looking at hardware projects and predicting winners and losers. Naturally, we’d like to see more entrepreneurs in the “winners” pile. So for anyone working on a hardware product, here’s our best advice on what types of projects are worth attempting in 2018 and what types you’d be better off avoiding — if you’re hoping to get funded, that is. 1. What will be hot RaaS (Robot-as-a-service)! Some of these startups might grow as franchises, which would help them expand across multiple cities like Uber. Robots that we never see or get scared by — in other words, robots that do dirty, dull, or dangerous jobs... Read More
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Herbs From the Underground

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People who find it weird to eat food grown in a basement have no reason to worry, said Neil Mattson, associate professor and greenhouse extension specialist at Cornell University. “There is nothing icky about it. Plants don’t care whether they get light from the sun or the lamps. It’s the same thing.”Matthew Hyland, the chef and owner of Pizza Loves Emily, a client of Farm.One, agreed. “A hydroponic garden in general is an amazing thing,” he said. “It’s lit nicely; i... Read More
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10 reasons the $1 million crowdfunding cap should be $20 million

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It’s been18 months since the final rule of the JOBS Act went into effect, allowing equity crowdfunding. In those 18 months, everything proponents of the rule said would happen (and none of what the detractors said would happen) has become a reality. Over $82 million dollars of previously untapped capital from local investors has been committed to over 650 companies. No fraud has been perpetrated. And everyone (including investors, the Government, the Securities and Exchange Commission, and the media) has more insight into the private capital markets than has ever existed before, bringing a new level of transparency, accountability, and data analysis. This is the time to raise the maximum a company can raise from $1 million to $20 milli... Read More
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The Dirty Secret of the IPCC’s Plan to Avert Climate Disaster: BECCS (Carbon Capture Technology) Doesn’t Yet Exist.

In Business, Education, Energy, Government, Healthcare, Science & Nature, Security, Start Up by Wired NewsLeave a Comment

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In 2014 Henrik Karlsson, a Swedish entrepreneur whose startup was failing, was lying in bed with a bankruptcy notice when the BBC called. The reporter had a scoop: On the eve of releasing a major report, the United Nation’s climate change panel appeared to be touting an untried technology as key to keeping planetary temperatures at safe levels. The technology went by the inelegant acronym BECCS, and Karlsson was apparently the only BECCS expert the reporter could find. Karlsson was amazed. The bankruptcy notice was for his BECCS startup, which he’d founded seven years earlier after an idea came to him while watching a late-night television show in Gothenburg, ... Read More
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Apple Executive Reveals More of Its Self-Driving Technology

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A theme emerged when Apple’s director of artificial intelligence research outlined results from several of the company’s recent AI projects on the sidelines of a major conference Friday. Each involved giving software capabilities needed for self-driving cars. Ruslan Salakhutdinov addressed roughly 200 AI experts who had signed up for a free lunch and peek at how Apple uses machine learning, a technique for analyzing large stockpiles of data. He discussed projects using data from cameras and other sensors to spot cars and pedestrians on urban streets, navigate in unfamiliar spaces, and build detailed 3-D maps of cities. The talk offered new insight into Apple’s secretive efforts around a... Read More
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AWS’s free single sign-on launch shows expanisonist tendencies in SaaS market

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Amazon Web Services quietly planted another stake in the workplace software-as-a-service market last night with the launch of a new single sign-on offering. It’s a free service that lets companies provide their employees with a single set of credentials for logging into a variety of different applications. While AWS made its name as a cloud provider by providing companies with elastic infrastructure and platforms for running their applications in the tech titan’s datacenters, it has shown an increasing interest in providing tools to help customers improve employee productivity. This single sign-on service offers ... Read More
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How the U.S. government could increase seed capital in the Midwest

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Every founder, funder, and entrepreneurial support organization in the Midwest says the exact same thing: There just isn’t enough early-stage capital. Even a city with a relatively well-developed (by non-Silicon Valley standards) venture capital scene, like St. Louis, still faces a severe shortage of seed and pre-seed funding. That problem led several organizations to create the $5 million Spirit of St. Louis fund, which focuses on the lack of early-stage funding in the St. Louis metro area. The Spirit of St. Louis fund is great, but $5 million in one city does not solve the systemic lac... Read More
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An investor’s view of AI in 2018

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Artificial Intelligence has become a buzzword for investors of late, many of whom recognize its enormous potential to become the most game-changing technology since the industrial revolution. Indeed, the projected impact of AI is likely to be greater than all prior tech trends combined, and savvy investors would be wise not to miss out. From an investor’s point of view, you can divide the AI sector into a few major sub-sectors: infrastructure, algorithms, platforms, and applications. The infrastructure segment includes technologies and companies that provide the underpinnings enabling AI: ma... Read More
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Inside the Opposition to a Net Neutrality Repeal

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Their efforts may seem quixotic. Fight for the Future is trying to stop the chairman of the F.C.C., Ajit Pai, from dismantling rules that prevent internet service providers from blocking websites or charging them for faster delivery to consumers. The group argues that the policy, passed in 2015 under the Obama administration and with a groundswell of support, helps protect free speech and expression online.... Read More
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Artificial Intelligence Seeks An Ethical Conscience

In Business, Education, Emerging Technology, Events, Finance, Government, Healthcare, Science & Nature, Start Up by Wired NewsLeave a Comment

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Leading artificial-intelligence researchers gathered this week for the prestigious Neural Information Processing Systems conference have a new topic on their agenda. Alongside the usual cutting-edge research, panel discussions, and socializing: concern about AI’s power. The issue was crystallized in a keynote from Microsoft researcher Kate Crawford Tuesday. The conference, which drew nearly 8,000 researchers to Long Beach, California, is deeply technical, swirling in dense clouds of math and algorithms. Crawford’s good-humored talk featured nary an equation and took the form of an ethical wake-up call. She urged attendees ... Read More
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Facebook is bringing live-streaming and video chats to its Instant Games platform

In Business, Start Up by The VergeLeave a Comment

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Facebook’s Instant Games platform makes it possible to play titles like Pac-Man in Messenger or on your News Feed, and today it’s getting some significant updates. Chief among them is a new live-streaming option that lets you broadcast any Instant game you’re playing through Facebook Live. These streams will also be recorded so you can post them to your profile afterward. Facebook also says that it’s starting to test video chat for select games, so that you can see your friends while you play and even start up a new game from within a video call. The Messenger v... Read More
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This smart urinal will show you ads while you pee

In Government, Start Up by The VergeLeave a Comment

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Mr.Friendly is a Dutch startup that invented a smart urinal, first spotted by The Next Web. It’s a urinal, with a small screen on top that companies can manage remotely to serve ads to customers. The Mr.Friendly urinals aren’t just dumb screens. No, no, they’re equipped with sensors to detect when you’re taking a leak, and only show you the ads then. Because it’s a smart urinal. The company’s pitch is that the urinal is “guaranteed to capture 40 seconds of a gentleman’s attention,” noting that the best time to serve someo... Read More
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3 reasons U.S. tech firms are hoarding unprecedented piles of cash

In Business, Finance, Start Up by Venture BeatLeave a Comment

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If you ever dreamed that the technology economy was a magical world of startups disrupting this or that sector, then get ready for a dose of reality. Fresh evidence that technology is consolidating around a handful of large companies comes to us via a report looking at the vast amounts of cash these giants are amassing. According to a new report on corporate cash from Moody’s Investor Services, technology in general is the most cash-rich of all sectors of the U.S. economies. Tech companies are generating levels of cash without historical precedent. That tech haul is concentrated among five U.S. tech companies: Apple, Microsoft, Google, Cisco Systems, and Oracle. In 2016, these five companies held $594 billion in cash, or... Read More
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Tim Hwang: Governments probably don’t need a Minister of AI

In Business, Government, Start Up by Venture BeatLeave a Comment

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As machine learning-fueled tech touches every industry, new job titles are becoming more common. IPsoft has a chief cognitive officer, and Autodesk hires conversational engineers. But Tim Hwang has those beat: He’s director of the Ethics and Governance of Artificial Intelligence Fund, an initiative based at Harvard and MIT that doles out money to AI projects for the public good. The $27 million fund was created in January and is ... Read More