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Copiague Man Sentenced for $30M Mortgage Scam

In Business, Government, Legal, Security by Long Island PressLeave a Comment

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A Copiague man was sentenced Friday to 12 ½ years in federal prison for conning banks out of more than $30 million in a mortgage scam over a six-year span. Aaron Wider had been convicted of conspiracy to commit bank fraud last year following a month-long trial at Central Islip federal court. “Wider’s scheme won him millions of dollars in profits and delivered a crushing blow to the financial institutions who became unwitting players in this game,” said William Sweeney, Jr., assistant director of the FBI’s New York field office. “But as we know, banks aren’t the only victims in these types of fraud-for-profits scams. A compromised banking system, which threatens both the stability of our economy and the safety …

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Saruhan Hatipoglu discusses AIIB membership expansion

In Business, Events, Finance, Science & Nature, Video by CCTV AmericaLeave a Comment

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More countries in the Americas see the investment power of the AIIB for infrastructure projects. For more insight on this exponential growth, CGTN’s Elaine Reyes spoke with Saruhan Hatipoglu, the CEO of BERI, the Business Environment Risk Intelligence group, and a CGTN Global Economics Analyst.

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Charter promises Trump a broadband push, but no extra Internet connections

In Business, Government, Science & Nature by Ars TechnicaLeave a Comment

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Enlarge / President Donald Trump and Charter CEO Tom Rutledge. White House reader comments 3 Share this story Charter CEO Tom Rutledge met with President Donald Trump today, and he made a splashy promise to “invest $25 billion in broadband infrastructure and technology in the next four years.” But Charter, the second biggest US cable company after Comcast, was already planning broadband expansions during the Obama administration. When Charter purchased Time Warner Cable and Bright House Networks 10 months ago, it agreed to a merger condition requiring it to bring 60Mbps download speeds to an additional two million customer locations. The spending Charter promised Trump today won’t guarantee broadband access for any additional customers beyond what the company already committed to during the …

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Trump touts jobs commitment first made in 2015

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Texas Gov. Greg Abbott listens at left, as Charter Communications CEO Thomas Rutledge speaks to reporters outside the White House in Washington, Friday, March 24, 2017, after meeting with President Donald Trump. (AP Photo/Evan Vucci) (Credit: AP) (AP) — President Donald Trump on Friday praised a plan by cable company Charter Communications to hire 20,000 American call center workers. But the hiring initiative dates back to 2015 as part of the company’s successful efforts to merge with Time Warner Cable. It’s the latest corporate jobs announcement made at the White House that capitalized on plans made before Trump won the presidency…. Content Preview This content is exclusive for Optimum, Time Warner® and Comcast® customers with access to News 12. Already …

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Carrie Fisher's role in 'Star Wars: The Last Jedi' will not change, Disney CEO says

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As fans prepare to honor Carrie Fisher this weekend, they’re learning more about what to expect from her posthumous film Star Wars: The Last Jedi, which comes out later this year. The iconic actress had already completed filming her role as General Leia Organa in the upcoming film before she passed away. Iger revealed at an event at the University of Southern California on Thursday that there would be no changes because of her death. “She appears throughout [Episode ] VIII, and what I can say about that is, she is in VIII, and we’re not changing VIII to deal with her passing,” he said. “Her performance, which we’re really pleased with, remains as it was in VIII.” Fisher will …

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Demetriou: Getting published gives business leaders an edge

In Business, Emerging Technology, Events, Government by Long Island Business NewsLeave a Comment

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Why should business owners and professionals publish articles? Fame, prestige, ego? What about money: No, at least not directly. The fundamental reason all business people should publish original articles is because it’s a great differentiator. By claiming the expert mantle, you are telling a client or prospect why you and your widget or service are better than Johnny ABC’s. For years my company touted our quality of service, quick turnaround and reliability. Virtually the same as all our competitors. In the days before LinkedIn, Facebook, Twitter and social media I began to see articles that were written by some of those very competitors. I was not convinced that writing was one of my important skills, but as the company evolved …

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Trump OKs Keystone pipeline, calling it 'great day' for jobs

In Business, Government, Science & Nature by Newsday Technology NewsLeave a Comment

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TransCanada CEO Russell K. Girling speaks to President Donald Trump in the Oval Office of the White House in Washington, Friday, March 24, 2017, during an announcement on the approval of a permit to build the Keystone XL pipeline, clearing the way for the $8 billion project. (AP Photo/Evan Vucci) (Credit: AP) (AP) — President Donald Trump greenlighted the long-delayed Keystone XL pipeline on Friday, declaring it a “great day for American jobs” and siding with energy advocates over environmental groups in a heated debate over climate change. The presidential permit comes nearly a decade after Calgary-based TransCanada applied to build the $8 billion pipeline, which will snake from Canada through… Content Preview This content is exclusive for Optimum, Time …

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Debrief: Circular thoughts with James Hayward

In Business, Education, Government, Legal, Science & Nature, Security by Innovate LILeave a Comment

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When last we Debriefed Applied DNA Sciences CEO James Hayward, the Stony Brook-based supply-chain, anti-counterfeiting, anti-theft and product-authentication company was forming a promising partnership with a national law-enforcement/security training organization and inching a toe into the Scandinavian auto theft prevention-and-recovery market. This week, as the biotech partners with textile manufacturer Loftex Home to launch the hot new CertainT platform, Hayward reports big gains in those maturing verticals and progress by Applied DNA’s all-star advisory board – two big parts of a master plan to reverse a string of subpar quarterly financials. The doctor’s orders: Major-league roster: We have brought on Bob Catell from KeySpan and National Grid, and Mehmood Khan from PepsiCo., and most recently Ray Kelly. Their experience really goes beyond …

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LI mortgage banker sentenced in $30M fraud scheme

In Business, Emerging Technology, Government, Legal by Long Island Business NewsLeave a Comment

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A Long Island mortgage banker was sentenced Friday in federal court in Central Islip to 150 months in prison in a bank fraud scheme, authorities said. Aaron Wider, of Copiague, is the former owner and CEO of Garden City-based HTFC Corporation, a mortgage bank. He was convicted on Jan. 25 of conspiracy to commit bank fraud for defrauding financial institutions out of more than $30 million in mortgage proceeds, according to the U.S. Department of Justice. As part of the sentence, the court ordered Wider to pay more than $22 million in forfeiture and restitution and, at the conclusion of his term of incarceration, serve five years’ supervised release. The sentence was announced by Bridget Rohde, acting United States Attorney …

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Self-driving car expert and Project Cars exec to speak at GamesBeat Summit

In Business, Gaming, Government, Science & Nature, Start Up by Venture BeatLeave a Comment

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Our newest speakers for our upcoming GamesBeat Summit event are Ted Chong, chief commercial officer at Project Cars maker Slightly Mad Studios, and Laszlo Kishonti, CEO of self-driving car software maker AImotive. You could call them the odd couple at our GamesBeat Summit 2017: How games, sci-fi, and tech create real-world magic. GamesBeat Summit 2017 will take place on May 1 and May 2, 2017, at the historic Claremont resort hotel in Berkeley, Calif., just a short distance from San Francisco. You can secure your seat here. Register today and receive 20 percent off current ticket prices. Use the code Deantak. Above: Laszlo Kishonti, CEO of AImotive, shows off the company’s test car in Mountain View, Calif. Image Credit: Dean Takahashi Chong has been at …

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Family business

In Business, Education, Emerging Technology, Gaming, Government, Legal by Long Island Business NewsLeave a Comment

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Back in 1997, the New York Jets came within inches of grabbing a quarterback who could have rewritten their history – financial and football – on his way to the hall of fame. The Jets had the first pick and Peyton Manning was graduating from the University of Tennessee. Jets Coach and General Manager Bill Parcells spoke with Archie Manning, the former New Orleans Saints quarterback and Manning’s father. “Coach Parcells at the time spoke with my dad,” Peyton Manning told an audience of 1,200 at the recent Long Island Association Spring Luncheon. “Having a chance to play for Bill Parcells is a once in a lifetime opportunity.” LIA CEO Kevin Law interviewed the brothers, asking why Peyton, who graduated …

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Insurance Companies Could Profit From Fewer Customers Under GOP Plan

In Business, Government, Healthcare, Legal by National Public RadioLeave a Comment

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Enlarge this image The health insurance company Anthem has said the GOP bill would benefit both insurers and individuals. Aaron P. Bernstein/Getty Images hide caption toggle caption Aaron P. Bernstein/Getty Images The House Republicans’ embattled health care bill has plenty of detractors: Democrats, hospitals, the American Medical Association and the House Freedom Caucus all oppose it. But the insurance industry is not on that list, even though it stands to lose millions of customers. One reason is that insurers’ profits are expected to fatten under the bill. The GOP’s replacement plan would likely attract more consumers who are younger and healthier to the individual market than the Affordable Care Act did, according to the corporate credit rating firm Standard & …

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Groundbreaking for Riverhead rental project

In Business, Emerging Technology, Government, Legal, Science & Nature by Long Island Business NewsLeave a Comment

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A groundbreaking for a new $18 million apartment complex in downtown Riverhead is scheduled for next week. The project, called Peconic Crossing, will be developed by Rochester-based Conifer Realty and the Community Development Corporation of Long Island and bring 45 income-restricted apartments in a four-story building at 11 West Main St. The development, which will have one- and two-bedroom apartments will replace the former Long Island Science Center, which has been razed. The new rental housing is designed for working families earning less than 90 percent of Suffolk County’s area median income, which is $76,160 for a family of two. There will also be preferences for artists, as well as persons who had been displaced by Hurricane Sandy, according to …

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Uber CEO says he's going to change

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Published on Mar 24, 2017 Uber has been involved in a long list of scandals recently that have made the future of the ride service uncertain. There had been rumors that Uber founder and CEO Travis Kalanick was expected to step down amid all of the controversy, but it looks l Category License Standard YouTube License

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Trumps plot big hotel expansion, but political problems loom

In Business, Government by Newsday Technology NewsLeave a Comment

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In this Friday, Feb. 17, 2017, photo, Trump Hotels CEO Eric Danziger poses for a portrait in his office at Trump Tower in New York. The Trumps are launching a new hotel chain in a bold expansion of a company that critics say is already too big and opaque for an owner who sits in the Oval Office. Called Scion, the aim is to open dozens in the next three years. (AP Photo/Mary Altaffer) (Credit: AP) (AP) — The Trump family is launching a new hotel chain in a bold expansion of a company that critics say is already too big and opaque for an enterprise whose owner sits in the Oval Office. The chain, called Scion, will feature the …

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Peconic Bay Medical Center adds to is leadership team with a brand new post: vice president for clinical transformation

In Business, Education, Healthcare by Riverhead LocalLeave a Comment

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Peconic Bay Medical Center has a vice president for clinical transformation. It’s a newly created position that Peconic Bay has tapped the former president of Mount Sinai Beth Israel Hospital to fill. Somerville lives on Long Island and prior to joining the Mount Sinai Health System in 2014 was executive director of Northwell Health’s North Shore University Hospital in Manhasset, Somerville, an R.N., will oversee the implementation of advanced clinical services at PBMC, beginning with the construction and development of the $60 million PBMC critical care tower, Peconic Bay Medical Center said in a statement. The tower will house the Kanas Regional Heart Center, a cardiac care facility that will include cardiac catheterization and electrophysiology suites. “We are pleased and …

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Can Arianna Huffington Save Uber?

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

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Enlarge this image Ariana Huffington speaks on stage during a conference in 2016 in New York City. She’s taking a bigger role at Uber. Neilson Barnard/Getty Images hide caption toggle caption Neilson Barnard/Getty Images Uber is in crisis. This week the president resigned, after just six months on the job. Morale has been shaken, following a damning account of sexual harassment. The board of directors is so concerned about the CEO’s ability to lead, they’re looking for a No. 2 to help steer the company. And now — in a curious plot twist — media mogul Arianna Huffington is emerging as chief of Uber’s campaign for culture change. The company decided to hold a conference call on Tuesday with reporters. …

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Razer to pay people zVault currency for playing PC games like Overwatch

In Business, Government by Venture BeatLeave a Comment

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Who doesn’t want to get paid to play games? Game hardware maker Razer is launching its “Paid to Play” initiative with zVault, a virtual currency platform that will reward gamers who use it to make payments for purchases and in-game transactions. Irvine, California-based Razer sells both hardware and software targeted at PC gaming fanatics. To build loyalty, the company has created a secure digital wallet in zVault for its 22 million existing Razer ID customers. The company is also creating its own currency, zGold, which can be used to acquire games or items in games. And it has created zSilver, a rewards system that allows players to cash in their earnings for goods. Razer unveiled the currency system a couple of weeks …

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State Department Set To Certify Keystone XL Pipeline Is In National Interest

In Business, Events, Government, Science & Nature by National Public RadioLeave a Comment

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Enlarge this image President Trump signed an executive order on Jan. 24, supporting construction of the Keystone XL pipeline. A U.S. official says the State Department is ready to give its approval. Evan Vucci/AP hide caption toggle caption Evan Vucci/AP The State Department will approve the controversial Keystone XL oil pipeline, a U.S. official tells NPR. That will set the stage for President Trump to reverse a decision former President Barack Obama made in 2015 to reject the project. Four days after Trump was sworn into office he invited TransCanada to resubmit its application for the pipeline. Trump also directed the State Department to make its national-interest determination within 60 days. That deadline is Monday. A U.S. official tells NPR …

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18-year-old with American-Israeli citizenship arrested in threats against Jewish centers

In Business, Education, Government, Legal, Science & Nature, Security by ABC 7 NYLeave a Comment

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An 18-year-old man with dual American-Israeli citizenship was arrested in Israel as a suspect in many of the bomb threats against Jewish centers. The teen has been in custody, but a gag order was lifted on the case Thursday. The arrest came after Israeli law enforcement worked with the FBI and other agencies. The teen lives in Israel. An Israeli National Police spokesman said the teen “is a main suspect behind the numerous amount of threats which were made to different Jewish communities and organizations around the world.” According to an official briefed on the case, the suspect is Jewish and the motive behind the threat is unclear. He was deemed insufficiently mentally stable to be drafted into the Israeli …

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InXile’s Brian Fargo to retire after Wasteland 3 is done in 2019

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Wasteland 3 will be Brian Fargo’s swan song. The CEO of InXile Entertainment and the founder of Interplay told Eurogamer he plans to retire after the post-apocalyptic game ships in 2019. “I think some relaxation is in order,” Fargo said in an email to GamesBeat. “I’ve been on the front lines reinventing myself for almost 40 years.” Wasteland 3 has gathered more than $3.1 million in crowdfunding money, and Fig announced this morning that investors and fans will be able to invest in the game project, pending regulatory approval. Fargo started working in games in 1981, and he founded Interplay in 1983. Interplay made games such as Bard’s Tale and the original Wasteland title. It created games such as Battle …

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Silicon Valley Would Rather Cure Death Than Make Life Worth Living

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

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Silicon Valley is coming for death. But it’s looking in the wrong place. After disrupting the way we love, communicate, travel, work, and even eat, technologists believe they can solve the ultimate problem. Perennially youthful Facebook CEO Mark Zuckerberg and his wife Priscilla Chan announced last year a $3 billion initiative to obliterate human disease. Among his many crusades, Paypal co-founder and Trump advisor Peter Thiel aims to end mortality. (“Basically, I’m against it,” he has said.) Alphabet has a whole company devoted to curing this most intractable of inconveniences. And they aren’t necessarily crazy to try. Since the 19th century, average life expectancies have risen for everyone (though not at equal rates) thanks to advances in science and technology. …

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Democrats file ethics complaint over governor's skiing tweet

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(AP) — The New Hampshire Democratic Party is accusing Republican Gov. Chris Sununu of improperly promoting his family business by tweeting about the Waterville Valley ski resort from his official account. A group of investors led by the Sununu family bought the ski area in 2010. Sununu resigned as CEO in December just before taking office, but relatives remain on the board of directors. On… Content Preview This content is exclusive for Optimum, Time Warner® and Comcast® customers with access to News 12. Already registered or an Optimum customer?Log in

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Fig announces fans and investors can own a stake in Wasteland 3

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Fig Publishing announced today that fans and investors can now reserve shares in Wasteland 3, the new title coming from InXile Entertainment. The Securities and Exchange Commission approved Fig game shares for Wasteland 3, and that means that fans and investors alike can share in the financial success of the game, if they purchase shares contingent on SEC approval. The approval is another boost for Wasteland 3, which has already raised $3.1 million in crowdfunding money. Fig Publishing, crowdfunding platform that allows fans and investor to own a stake in a game and share in its profits, will start reaching out to investors with details to complete their investments at fig.co.“When we first started, crowdfunding fans used crowdfunding almost as …

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Virgin America will be the latest airline brand to disappear

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FILE – In this Monday, April 4, 2016, file photo, a Virgin America plane taxis past an Alaska Airlines plane waiting at a gate, at Seattle-Tacoma International Airport in Seattle. Alaska said Wednesday, March 22, 2017, that it will retire the Virgin brand, probably in 2019. Alaska announced in 2016, that it was buying Virgin, but CEO Brad Tilden held out hope to Virgin fans that he might keep the Virgin America brand, and run it and Alaska as separate airlines under the same corporate umbrella. (AP Photo/Ted S. Warren, File) (Credit: AP) (AP) — After months of teasing, Alaska Airlines has bad news for loyal customers of Virgin America — their airline’s name is being dumped. Alaska announced late …

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PureCarbon’s smart weightlifting Delta Gloves count your reps

In Business, Government by Venture BeatLeave a Comment

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In a new category of wearables, PureCarbon has launched a crowdfunding campaign on Indiegogo for smart weightlifting gloves, dubbed Delta Gloves. The wearable fitness device promise to enhance your strength training, replacing the normal gloves that weightlifters and other people wear during workouts with smart gloves that track your movements. The idea comes from Aleda and Jonathan Schaffer, cofounders of PureCarbon. They’re hoping to raise $50,000 to bridge the fitness tracking divide for strength training. They also appeared on America’s Greatest Makers, an Intel-sponsored reality show on TBS, where they won $100,000 and completed alpha testing of the Delta Gloves. Early adopters will enjoy a discounted rate of $99 while supplies last. Following the launch, the Delta Gloves will be available on the PureCarbon …

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What’s at stake for NY in federal health overhaul?

In Business, Emerging Technology, Finance, Government, Healthcare, Legal by Long Island Business NewsLeave a Comment

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There’s a debate in New York over the effects of an amendment to the Republican federal health care overhaul that only applies to the state. House Republican leaders seeking to lock down votes from New York lawmakers have proposed shifting $2.3 billion in Medicaid costs from the state’s counties to the state. The amendment was a response to complaints that New York unfairly burdens its counties with a share of the nearly $60 billion health care program for the poor and disabled. Critics are taking rhetorical flamethrowers to the last-minute amendment, calling it the “Buffalo Bribe,” ”Poughkeepsie Payola” and worse. Democratic Gov. Andrew Cuomo on Wednesday called it an “absurd” measure that would devastate New York’s health care system. A …

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Benu Networks Receives 2017 CUSTOMER Magazine Product of the Year Award

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Virtual Service Edge Platform Honored for Exceptional Innovation BILLERICA, Mass.–(BUSINESS WIRE)–March 23, 2017– Benu Networks, a leading provider of innovative virtual network solutions that enable service providers to rapidly create and deliver next generation IP services, today announced that TMC, a global, integrated media company, has named their Virtual Service Edge (VSE) platform as a 2017 CUSTOMER Product of the Year Award winner. Benu Networks’ Virtual Service Edge (VSE) platform transforms the existing broadband network into a flexible and agile service delivery network. The VSE platform enables rapid cloud-based service deployment, scalability, dynamic service control, and increased customer care responsiveness. The VSE dramatically improves a service provider’s time to innovate with differentiated managed service offerings for Mobile Wi-Fi, Managed Business …

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The Clever ‘DoubleAgent’ Attack Turns Antivirus Into Malware

In Business, Education, Events, Government, Security by Wired NewsLeave a Comment

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Your antivirus software might come with some annoyances. It might slow your computer down, or pop up so many alerts that you can’t tell when something is actually wrong. But researchers have discovered a more sinister downside: A well-intentioned debugging tool found in many versions of Microsoft Windows can be used maliciously to gain access to vulnerable antivirus programs, and weaponize them. Discovered by researchers at the Israeli cybersecurity defense firm Cybellum, the so-called “DoubleAgent attack” takes advantage of the Microsoft Application Verifier, a tool used for strengthening security in third-party Windows applications, to inject customized code into programs. The approach could potentially manipulate any software target, but antivirus programs would be particularly appealing to an attacker since they have …

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Thinfilm’s tiny printed NFC labels enable brands to connect with consumers via smart packaging

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Norwegian tech firm Thinfilm figured out a way to print tiny electronics chips on plastic surfaces, creating tiny smart labels to put on the Internet of things, or smart and connected everyday objects. While others are making extremely powerful chips, Thinfilm is going wide. It is adding a little bit of intelligence to a lot of things. When I last caught up with Thinfilm’s people (whose formal name is Thin Film Electronics, traded on the Norwegian Stock Exchange), they were working on a different product. They had a super-thin, rewritable printed memory, which was a storage product that was printed onto a flexible plastic surface. The company licensed this technology to Xerox, which began printing the memory devices in a …

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Wiivv launches Kickstarter campaign for custom-fit, digitally measured sandals

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

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Wiivv launched custom-fit in-soles for your shoes last year. And now the Vancouver company is launching a Kickstarter crowdfunding campaign for custom-fit sandals. As with the in-soles, the sandals can be built for a precise fit through a smartphone app that digitally maps your feet. Wiivv takes the data from the app and creates the sandal arch pad with 3D printing technology. It sells the custom sandals for as little as $95, undercutting the price of custom orthotics created by foot doctors who charge hundreds of dollars, said Louis-Victor Jadavji, cofounder of Wiivv, in an interview with VentureBeat. The company can charge lower prices while delivering full customization by leveraging the power of smartphones, computer vision software, and 3D printing. …

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LI firm to operate parking at Nassau Coliseum

In Business, Emerging Technology, Gaming by Long Island Business NewsLeave a Comment

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Valley Stream-based Parking Systems will run the revamped parking operations at the new Nassau Coliseum, where parking could cost more than $20, depending on the event. When purchasing event tickets online, Coliseum guests will be able to add a parking pass which allows them to enter through an express lane, according to a statement from NYCB Live, home of the Nassau Veterans Memorial Coliseum Presented By New York Community Bank. The entry process will include parking pass scanning technology for both mobile phones and paper passes. The Coliseum parking lot now bears the Ford name, as one of the arena’s major sponsors. The lot will open two hours before each event with designated spots for veterans, patrons with disabilities, and …

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Apple cofounder Steve Wozniak joins $9.5 million investment into ‘robotic digitization’ startup Ripcord

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

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A new so-called “robotic digitization” company launches to the public today with funding from some notable backers. Tapping robotics, machine vision, and artificial intelligence, Ripcord is striving to create what it calls the “truly paperless workplace,” and today it announced its formal launch alongside $9.5 million in funding from Kleiner Perkins Caufield & Byers (KPCB), with participation from Apple cofounder Steve Woniak, Lux Capital, and Legend Star. Based in Hayward, California, Ripcord’s machines scan, index, and categorize paper records to make them searchable through companies’ existing systems via the cloud. To initiate the process, companies pack their records into boxes and affix with barcoded labels that contain metadata that’s permanently associated with the records through their transportation into digital form. Upon receipt, Ripcord unboxes the files and passes …

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Wall Street’s New Trick to Dodge Trump-Induced Stock Swings

In Business, Finance, Government, Healthcare by Wired NewsLeave a Comment

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By now you’ve seen how President Trump can move a market. He sends stocks soaring or sinking depending on what new nuggets his itchy Twitter fingers dash off on any given Saturday morning. That impulsiveness is already forcing bottom line-conscious businesses to kick their brand management into overdrive. Now a new online tool aims to help Wall Street hedge its bets in the face of a new and always unpredictable administration. It’s called—yes—Trump Tracker. Research firm Sentieo built Trump Tracker out of an existing product that enables hedge fund managers to scan public filings and receive instant, automated alerts for keywords. A manager with holdings in Ford, for instance, might want to set alerts for the term “autonomous vehicle” to …

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Mashape raises $18 million for its API marketplace

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Mashape, which provides an open-source application programming interface (API) marketplace for developers and engineers, announced today that it has closed an $18 million round led by Andreessen Horowitz. Mashape Kong, the startup’s core product, allows dev teams to distribute, monetize, manage, analyze, and consume APIs. “Mashape Kong is the air traffic control of the modern enterprise,” wrote Augusto Marietti, cofounder and CEO of Mashape, in an email to VentureBeat. “It manages and orchestrates the disparate array of APIs that make up modern microservices architectures.” Marietti claims Kong has been downloaded more than 2 million times by thousands of companies. Customers use Kong for security, analytics, onboarding, monitoring, and access control, and pay a six-figure annual subscription for the service. Mashape …

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JC Penney store closings latest sign that ecommerce may finally be devastating brick-and-mortar retail

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This week J.C. Penney released details of its plans to shutter 138 stores out of 1,014 locations, and to cut 5,000 retail jobs. That is part of the ongoing reinvention of a company that seemed to be on the verge of collapse just a few years ago. The company says physical stores remain vital to its business, allowing it to let customers order online and pickup at a store. But what’s clear is that the company, now profitable again, is going to make to with a let less physical locations. And J.C. Penney is not alone. Despite the success of a company like Apple in retail, or the experimental stores of Amazon, the fact remains that physical retail in the …

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Mapstr now reminds you when you’re near your favorite places

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

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French mapping startup Mapstr is continuing its mission to help people organize all their favorite places with an update that alerts users whenever they pass one of their previously bookmarked locations. Founded in 2014 by Sébastien Caron, Mapstr has raised around $1.4 million in investment since its inception, and today’s update comes two months after the company was selected to join Facebook’s inaugural cohort of startups at its new Startup Garage incubator in Paris. Available on the web, iOS, and Android, Mapstr has built a small following of 60,000 monthly active users (MAUs) for an app that lets you bookmark any place around the world, including parks, streets, museums, and any point-of-interest. You can add places manually, through allowing the app to detect your current location, or even through …

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SAP to invest $35 million in early-stage enterprise startups

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

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Enterprise software giant SAP launched the SAP.iO Fund today to invest tens of millions of dollars in startups that make products that call upon SAP platforms, data, or APIs made by SAP. Starting with an initial investment of $35 million, the fund will invest in dozens of enterprise startups in the coming years. SAP also plans to fund startup accelerators in tech capitals around the world like San Francisco and Berlin. Both the investment fund and accelerator programs will focus on machine learning, Internet of Things (IoT), and big data, according to SAP chief strategy officer Deepak Krishnamurthy. SAP.iO Fund will invest in 10-15 companies in its first year, 25-30 the following year and up to 50 in its third …

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WayUp raises $18.5 million to help millennials find their dream jobs

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

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Millennials will typically change jobs multiple times as they seek the perfect fit. WayUp wants to help them pursue their workplace dreams with a job marketplace, and announced today that it has secured an additional $18.5 million in funding. “On average, millennials are expected to jump jobs four times in their first decade out of college,” wrote WayUp’s cofounder and CEO Liz Wessel, in an email to VentureBeat. “However, we believe WayUp’s technology will change that.” The startup uses machine learning to refine searches and execute better matches between students in U.S. colleges and hiring companies. The service is free for students and recent grads — WayUp generates revenue from the employers who pay a monthly fee based on the …

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DataRobot raises $54 million to bring machine learning to predictive analytics

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

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DataRobot, a machine learning platform that helps enterprises build predictive models at speed, has raised $54 million in a Series C funding round led by existing investor New Enterprise Associates (NEA). Founded out of Boston in 2012, the DataRobot platform features hundreds of open-source machine learning algorithms and harnesses best practices and knowledge from “the world’s leading scientists,” enabling users of all skill levels to build predictive models for their companies. Users upload their data, select their target variables, and DataRobot “automates, trains, and evaluates” multiple predictive models. Though it can be used to help data scientists work more quickly and at scale, DataRobot is targeted at anyone within the enterprise who’s looking to tinker with artificial intelligence to see whether it can improve their …

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The Billionaire on a Mission to Save the Planet From Trump

In Business, Education, Energy, Finance, Government, Healthcare, Science & Nature by Wired NewsLeave a Comment

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Tom Steyer isn’t your average California tree hugger. The former hedge fund manager—number 1,121 on Forbes’ wealthiest people list, with $1.61 billion—was once best known for turning $15 million into $30 billion in about two decades. But then he went hiking. Steyer and environmental activist and author Bill McKibben spent a day trudging through the Adirondacks. Not long after, Steyer parted ways with the leadership of his company and his oil and gas investments, began to fight the Keystone XL pipeline, and then reinvented himself as a one-man superfund for climate causes. His organization, NextGen Climate, has spent $170 million over the past four years advocating for policies and politicians that help the environment and advance renewable energy. It’s an uphill battle. …

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Thync Relax Pro relieves your stress, anxious thoughts, and poor sleep

In Business, Government, Science & Nature by Venture BeatLeave a Comment

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Thync has created a device that should be popular in the modern age of stress. The Thync Relax Pro purportedly relieves stress, poor sleep, and anxious thoughts. Los Gatos, Calif.-based Thync is announcing the new “neurostimulation” product (a second generation following a 2015 model), which stimulates your brain through an electronic device that you put on your scalp. High stress levels costs the American economy about $300 billion per year. Stress levels have reached unprecedented levels in the U.S., according to a survey in January by the American Psychological Association, which conducts annual stress polls. Above: Thync helps you with your sleep, without drugs. Image Credit: Thync Thync Relax Pro consists of a simple-to-use padded pod that sits only on the back …

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FundThis creates a ‘risk free’ crowdfunding platform

In Business, Government by Venture BeatLeave a Comment

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FundThis is launching a new “risk-free” crowdfunding platform to enable creators to raise money for new projects, ranging from fashion ideas to tech projects. The Boca Raton, Fla.-based company is also starting a $500,000 fund to bankroll some projects that look promising. FundThis wants to empower innovative creators to successfully raise more capital through end-to-end support at no upfront cost. It will compete with rivals such as Indiegogo and Kickstarter. Applicants can apply for funding from the company’s Elite Program to get them the resources to get a campaign off the ground. The idea is to give the Elite Program members guidance and support that they can’t get elsewhere. If selected to the Elite Program, each creator is given funding …

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It’s time to ditch your innovation lab

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

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A half decade into Corporate America’s love affair with innovation, it’s time to admit it’s not working. Innovation labs have become vehicles for marketing, not innovation. Dubbed “hipster money pits,” labs can torpedo morale (only the cool kids get to take part) and sap resources. No wonder Nordstrom downsized its innovation lab two years ago. Ad agency Ogilvy closed Ogilvy Labs last summer. Many others have abandoned theirs, too: Microsoft’s Silicon Valley Research Lab (shut down in 2014), Disney’s research lab (shut down in 2016), Turner’s Media Camp (shut down in 2014), Coca-Cola’s Founders Initiative (shut down in 2016), The New York Times’ R&D Ventures (shut down in 2013), and Adecco’s Ignite Lab (shut down in 2016). Why? Let’s start with the name. A lab is a …

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Can Sears Survive? Maybe Not, Company Admits In Financial Filings

In Business, Government, Science & Nature by National Public RadioLeave a Comment

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Enlarge this image Sears, once the monolith of American retail, says that there is “substantial doubt” that it will be able to keep its doors open. Company shares tumbled more than 12 percent Wednesday. Above, the department store’s location in Brooklyn’s Flatbush neighborhood today. Bebeto Matthews/AP hide caption toggle caption Bebeto Matthews/AP Sears used to be the titan of American retailing. But now its future is in doubt. Shares of the company’s stock tumbled 12 percent today after the company acknowledged Tuesday in its annual 10-K filing that its future viability is not a sure thing. A 10-K is a report that public companies file with the Securities and Exchange Commission, giving a comprehensive summary of the company’s financial performance. …

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Malaysia’s Jirnexu raises $1.5 million for fintech software

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

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Malaysian fintech startup Jirnexu has raised $1.5 million in funding from DMP, Gobi Partners, and OSK Ventures International Berhad (OSKVI). That brings the Kuala Lumpur-based company’s total funding to date to $6 million. Jirnexu’s full stack technology provides banks and insurance companies with a solution that manages every stage of the customer journey, including marketing, acquisition, fulfillment, and retention. The company counts among its customers global and regional financial institutions such as Citibank, HSBC, Standard Chartered, AIA, Zurich, Manulife, and U4Life, as well as local banks BSN and RHB. Sales commissions for consumer banking and insurance products in Southeast Asia alone are worth $25 billion per year, according to market researcher Sigma Research. Jirnexu is also targeting the $35 billion worth …

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When Is A Deal Just A Deal? When Trump Sells A Property, It's Not Always Clear

In Business, Gaming, Government, Security by National Public RadioLeave a Comment

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Enlarge this image A view of the Trump Park Avenue building in New York. President Trump’s properties have been attracting a large and generous circle of buyers, from wealthy Russians to a Chinese businesswoman, and many questions are being raised about the ethics of these deals. Frank Franklin II/AP hide caption toggle caption Frank Franklin II/AP Angela Chen makes money hawking her ties to important people, running a consulting firm that helps companies connect with Asia’s power players. So it inevitably attracted notice when Chen spent nearly $16 million recently to buy a four-bedroom Park Avenue penthouse owned by President Trump himself. The February deal, which was first reported by Mother Jones, underscores one of the problems posed by Trump’s …

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Lingerie maker excited to show a little more

In Business, Events, Finance, Government, Start Up by Innovate LILeave a Comment

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By GREGORY ZELLER // When it comes to exposure, they’re not shy at Impish Lee. Cofounders Noelle and Kali Ventresca have plenty of skin in the game already. Since pulling their startup lingerie-manufacturing business off peer-to-peer e-commerce site Etsy in 2015 and reforming it around a proprietary online customizer – users choose the garment, size, color and more – they’ve eschewed outside funding, “at least until we’re profitable,” according to CEO Noelle. Exposure, therefore, is key – and for a startup marketing on a shoestring, a perpetual challenge. Social media marketing, word of mouth, a $15,000 Kickstarter campaign and some $30,000-plus in family and friend investments have kept the industrial-strength sewing machines whirring in Impish Lee’s 600-square-foot Sea Cliff headquarters, …

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LI medical building fetches $14.65M

In Business, Emerging Technology by Long Island Business NewsLeave a Comment

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A two-story medical office building in North Hills has sold for $14.65 million. The buyer is Manhattan-based CHC Management Group, which paid cash for the 24,690-square-foot building on 1.75 acres at 3111 New Hyde Park Road, according to a statement from Cushman & Wakefield, which brokered the sale. The tenants in the fully occupied building include Integrated Medical Professionals, which leases 13,800 square feet, Northern OBGYN and Aesthetic Dermatology, which lease the balance. The property, located between Hollow Lane and Dakota Drive off the Northern State Parkway’s New Hyde Park Road exit, features 115 parking spaces monitored by an on-site parking attendant. The buyer, CHC Management Group, was self-represented, while Ben Efraimov, Jonathan Hageman and Patrick Yannotta of Cushman & …

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Nationwide fiber? Proposed law could add broadband to road projects

In Business, Finance, Government, Legal, Science & Nature by Ars TechnicaLeave a Comment

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Enlarge Getty Images | tiero reader comments 9 Share this story Years in the making, a proposal to mandate the installation of fiber conduits during federally funded highway projects might be gaining some new momentum. If the US adopts a “dig once” policy, construction workers would install conduits just about any time they build new roads and sidewalks or upgrade existing ones. These conduits are plastic pipes that can house fiber cables. The conduits might be empty when installed, but their presence makes it a lot cheaper and easier to install fiber later, after the road construction is finished. The idea is an old one. US Rep. Anna Eshoo (D-Calif.) has been proposing dig once legislation since 2009, and it has widespread support from …

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Employee passwords are behind massive security breaches

In Business, Gaming, Government, Security by Venture BeatLeave a Comment

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Presented by Dashlane Yahoo, MySpace, Tumblr, and LinkedIn made headlines in the last 12 months for their enormous data breaches. Hackers released the data for 1.5 billion Yahoo accounts, 167 million LinkedIn users, 360 million user records on Myspace, and over 65 million Tumblr accounts. Even more striking is the number of weak passwords revealed during such data breaches. For instance, Facebook founder Mark Zuckerberg fell victim to a cyber hack when a group called OurMine Team discovered his credentials in the leaked data. It was later revealed that his password “dadada,” was used to protect his Twitter and Pinterest accounts. The recent mega breaches are not only unsettling in their magnitude, but they also illustrate the consequences poor password …

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The Best iPhone Screen Protectors

In Business, Education, Events, Government, Legal, Mobile Technology, Science & Nature, Security by Wire CutterLeave a Comment

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A glass screen protector can’t guarantee that you won’t break your iPhone’s screen. But it can prevent the screen from getting scratched, and scratches can affect glass’s structural integrity and make cracks more likely. Glass is more protective than film, and it comes closer to the look and feel of the iPhone’s own display. We found Yootech’s Tempered Glass Screen Protector for iPhone 7 and iPhone 7 Plus to be just as good as TechMatte’s amFilm. Like the amFilm, it comes in a package of two, and everything about it is so similar that we suspect they may be made on the same production line—though when it comes to fitting larger phones, the Yootech offering is only for the 7 …

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Chrono.gg secures $1 million funding for its PC digital distribution platform

In Business, Government by Venture BeatLeave a Comment

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A digital store that sells one game at a time just earned a big investment. Chrono.gg announced today that it has secured $1 million in funding, which it will use to build its team and launch new services. It’ll also try to grow awareness for its brand. AIM Group, the largest angel investor network in the Southeast, led the funding. Chrono.gg’s site differs from large digital game stores like Steam or GOG in that it highlights one game that it sells for a limited time at a discounted price. “Our success comes and will continue to grow from providing the most frictionless experience possible for our customers and our partners,” Justin Sacks, chief executive officer of Chrono.gg, told GamesBeat. “For example, the …

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Here’s to the winners

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

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By GREGORY ZELLER // Hundreds of Long Island’s top business and science minds gathered Tuesday for the 2017 Innovator of the Year Awards. Man of the hour Robert Catell (above); Mazars USA Partner — and Food & Beverage award presenter — Lou Biscotti (below). Including Master of Innovation Robert Catell, the former KeySpan and National Grid USA chairman, some 36 top innovators were honored by Innovate Long Island at Crest Hollow Country Club in Woodbury. “Our honorees include first-time entrepreneurs, inveterate tinkerers and some who have made invention and innovation their careers,” said master of ceremonies John Kominicki, Innovate LI’s founder and publisher. “Their ideas may not all end up changing the world, but they are all making it a …

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Top breast cancer surgeon fatally struck by car in Essex Fells

In Business, Healthcare by ABC 7 NYLeave a Comment

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ESSEX FELLS, New Jersey (WABC) — One of New Jersey’s top breast cancer surgeons was fatally struck by a car on Tuesday morning. Dr. Jan Huston-Pryor, 66, was struck on Devon Road near Oval Road, next to the Essex Fells Country Club, in Essex Fells around 9:25 a.m. The driver remained at the scene. She was transported to Mountainside Hospital where she was pronounced dead. Sadly, that is also the hospital by which the doctor was employed. John Fromhold, the CEO HackensackUMC Mountainside released a statement saying, “It is with a heavy heart that we announce the passing of Dr. Jan Huston, Medical Director of our Breast Health Program and a Mountainside Medical Group physician. Dr. Huston was a beloved …

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Sears has “substantial doubt” about its future

In Business, Emerging Technology, Government, Healthcare by Long Island Business NewsLeave a Comment

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Sears, once the monolith of American retail, says that there is “substantial doubt” that it will be able to keep its doors open. Company shares, which hit an all-time low last month, tumbled more than 12 percent Wednesday. Sears has been a member of the retail dead pool for years, but until this week the company had not openly acknowledged its tenuous existence, said Ken Perkins, who heads the research firm Retail Metrics LLC. Sears has long maintained that by balancing the sale of key assets while at the same time enticing customers with loyalty programs, it would eventually turn the corner. Yet industry analysts have placed the staggering sums of money that Sears is losing beside the limited number …

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Netflix’s new Los Gatos campus is made of self-tinting smart glass for optimal lighting

In Business, Science & Nature by Venture BeatLeave a Comment

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Netflix’s Los Gatos employees will soon be working behind so-called “smart glass,” as the developers behind its newly built campus have enlisted the services of View to ensure workers can enjoy a bright and airy environment. In a nutshell, View’s Dynamic Glass serves to maximize the amount of natural light that enters a building, while also reducing the glare and energy usage from lighting and air-conditioning through automatically “tinting” in response to the conditions. The smart glass can also be controlled manually from a mobile device, or from wall-mounted switches, and negates the need for blinds that may obstruct the view outside. Founded in 2007, View has raised more than $500 million in equity funding, including a $100 million round back in 2014 and …

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Why More Farmers are Making The Switch To Grass-Fed Meat And Dairy

In Business, Finance, Government, Healthcare, Science & Nature by National Public RadioLeave a Comment

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Enlarge this image Cows graze at Dharma Lea Farm in Sharon Springs, N.Y. Advocates of grass-grazing cattle say it’s better for the environment and the animals. But there’s another upside: Grass-fed meat and dairy fetch a premium that can help small farms stay viable. Courtesy of Maple Hill Creamery hide caption toggle caption Courtesy of Maple Hill Creamery Though he didn’t come from a farming family, from a young age Tim Joseph was fascinated by the idea of living off the land. Reading magazines like The Stockman Grass Farmer and Graze, he “got hooked on the idea of grass-fed agriculture — that all energy and wealth comes from the sun,” he explains, “and the shorter the distance between the sun …

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Lynkos raises $2.5 million to connect businesses using AI

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

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In sales, it’s all about getting leads, and Lynkos, which today announced funding of $2.5 million, has a novel approach to finding them. The startup uses artificial intelligence to join CRM software with data on companies around the world. Using Lynkos, sales people can import their own leads or set criteria to find them using the online service. The leads can be prospected using the product’s email marketing tools and tracked throughout the sales process. “We have a lot of automated bots crawling the web for business data, classifying them to improve business profiles, industries, and opportunities,” wrote Federico Cella, founder and CEO of Lynkos, in an email to VentureBeat. “We have about 40 crawlers on autopilot 24/7. All of …

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LinkedIn Tries to Do Trending News in a Non-Disastrous Way

In Business, Finance, Government, Healthcare by Wired NewsLeave a Comment

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You’d think internet companies would want to stay far, far away from “trending” news, given one Menlo Park-based social giant’s unfortunate history. But LinkedIn has decided to try. The Microsoft-owned company doesn’t criticize Facebook directly. But its pitch for its new feature clearly telegraphs that it intends to avoid the pitfalls into which Facebook stumbled. LinkedIn’s Trending Storylines will start appearing in the US today and to international users soon after. A new “trending” tab will appear on mobile homescreens and on the top right-hand side of the LinkedIn homepage. As befits a social network that specializes in professional connections, the links will focus on business news—technology, health care, and finance to start. Facebook’s troubles really began after disgruntled contractors …

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Intel’s Bold Plan to Reinvent Computer Memory (and Keep It a Secret)

In Business, Government by Wired NewsLeave a Comment

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Intel just unleashed a new kind of computer memory it believes will fundamentally change the way the world builds computers. But it won’t tell the world what’s inside. The company calls this new creation 3D XPoint—pronounced “three-dee cross-point”—and this week, after touting the stuff for a year-and-a-half, Intel finally pushed it into the market. You can think of the new technology as a computer building block that can serve more than one purpose—a single thing that can replace several others. But the new tech also serves as a way for Intel to shift multiple markets in its favor. That’s probably why it won’t say what the memory is actually made of. Certainly, Intel doesn’t want others duplicating the technology, which …

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You Bought That Gadget, and Dammit, You Should Be Able to Fix It

In Business, Emerging Technology, Government, Legal, Mobile Technology, Science & Nature, Security by Wired NewsLeave a Comment

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Michael Oberdick owns two small gadget repair shops in northwestern Ohio. He and his technicians spend their days at iOutlet replacing busted screens, repairing battered motherboards, and generally making life easier for people who’ve done something stupid with their gadgets. He found this job far easier just five years ago, when he started repairing phones for friends. Back then, anyone with basic tools, a little patience, and an instruction manual could fix just about anything. But these days, performing all but the most basic repairs requires specialized tools and knowledge that companies like Apple and Samsung guard jealously. That makes it hard for people like Oberdick to earn a living, and for people like you to repair your phone when you drop it. And that …

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AkzoNobel rejects second takeover bid by PPG Industries

In Business, Science & Nature by Newsday Technology NewsLeave a Comment

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(AP) — Industrial paints and chemicals company AkzoNobel has rejected a second unsolicited takeover bid from U.S. company PPG Industries worth 22.4 billion euros ($24.1 billion). AkzoNobel CEO Ton Buechner said in a statement Wednesday that the bid “significantly fails to recognize the value of AkzoNobel” and is not in the interest of the company, its shareholders or its staff. The… Content Preview This content is exclusive for Optimum, Time Warner® and Comcast® customers with access to News 12. Already registered or an Optimum customer?Log in

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Meet Tinyclues Action™, the Revolutionary AI That Enables Marketers to Put Their Ideas into Action

In Business, Government, Security by Venture BeatLeave a Comment

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MONACO–(BUSINESS WIRE)–March 22, 2017– Yes, we’ve seen Artificial intelligence (AI) beating a top human player at Go, the complex board game. But while AI will be behind a new generation of self-driving cars, that’s still considered to be several years off in the future. But when it comes to B2C marketing and Tinyclues, AI is very much a present-day reality. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170322005146/en/ Tinyclues Action™ (Graphic: Business Wire) Today, Tinyclues is thrilled to announce the launch of a revolutionary, next-generation marketing solution that’s unseen so far in the market. New Tinyclues Action™ is an AI-driven customer engagement solution with the wow factor. Tinyclues Action™ enables marketers to be more creative, more …

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Who has the power to stop massive, IoT-fuelled botnet attacks? All of us

In Business, Education, Events, Legal, Science & Nature, Security by The StackLeave a Comment

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Jeff Finn, CEO of zvelo, asks whether there are enough incentives for consumers to be concerned about the security of their IoT devices… For customers purchasing Internet of Things (IoT) devices – a group that either includes or will include just about every one of us soon enough – it’s easy to get excited about the idea of smart light bulbs, speakers, thermostats, power outlets, and a host of other convenient, connected hardware the market offers. The chief selling point of most IoT devices is their functionality and simplicity, enabling us to control or track everything in our lives with our voices or our phones. Affordability is also a key driver of sales for many of these connected gadgets, which …

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Femtech startup Elvie raises $6 million for its kegel tracker

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

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Pelvic floor muscles aren’t the “sexiest” part of a woman’s intimacy, but they are crucial to her sexual health and well-being. Kegel exercises, which help maintain these muscles, aren’t new, but Elvie found a way to make them slightly more amusing by developing a kegel tracker connected wirelessly to an app. The London-based startup announced today that is has raised an additional $6 million in funding. Pelvic floor problems, such as urinary incontinence, can occur when the pelvic floor muscles are stretched, weakened, or too tight. Although women can experience this at an early age, it’s usually more common after certain life stages such as pregnancy, childbirth, and menopause. “When healthy and toned, the pelvic floor is vital as it …

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Mythic raises $8.8 million to put AI on a chip

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

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While there’s no shortage of hype surrounding artificial intelligence, there’s also no shortage of companies seeking to harness its potential. Mythic is one of them, and it claims to be taking a different approach than the others. The Austin, Texas-based startup wants to move away from the cloud and a dependence on network connections by putting AI-on-a-chip inside smart devices like security cameras and health wearables. DFJ believes in the potential of this approach to AI and led an $8.8 million round that was announced today. The startup has developed both software and microchips to make its AI smarter and faster. Today, artificial neural networks need big server racks powered by graphics processing units (GPUs) to handle complex algorithms. Mythic …

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Drone-hunting machines aim to counter aerial threats

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

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(Reuters) – The enemy drone whined in the distance. The Interceptor, a drone-hunting machine from Silicon Valley startup Airspace Systems, slinked off its launch pad and dashed away in hot pursuit. The hunter twisted through the air to avoid trees, homed in on its target, fired a Kevlar net to capture it, and then carried the rogue drone back to its base like a bald eagle with a kill. Airspace is among some 70 companies working on counter-drone systems as small consumer and commercial drones proliferate. But unlike others, it aims to catch drones instead of disabling them or shooting them down. A demonstration at Airspace headquarters in San Leandro, California, showed a compact aircraft just a few feet wide, …

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Launch of LINZESS® Tablets 0.25mg in Japan

In Business, Government, Legal by Astel LasLeave a Comment

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Tokyo, March 22, 2017 – Astellas Pharma Inc. (TSE: 4503, President and CEO: Yoshihiko Hatanaka, “Astellas”) announced that it launched a guanylate cyclase-C (GC-C) receptor agonist, LINZESS® Tablets (generic name: linaclotide, “LINZESS®”) for irritable bowel syndrome with constipation1) (“IBS-C”) in Japan today.   IBS-C is a functional but not organic disorder which is characterized by abdominal pain and/or discomfort along with abnormal defecation. These gastrointestinal symptoms persist for a long period with frequent remissions and exacerbations. LINZESS® locally binds to the GC-C receptor expressed on the intestinal epithelium. Activation of the GC-C receptor results in improved visceral hypersensitivity, increased intestinal fluid secretion and accelerated intestinal transit. It is estimated that 2.9% of adults in Japan suffer from IBS-C 1), and, …

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Peter Knights talks about China's Ivory ban on wildlife protection

In Business, Video by CCTV AmericaLeave a Comment

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The ivory market has been shrinking in both China and Africa countries ever since President Xi announced the ban on ivory sales in early 2016. To discuss future wildlife conservation, CGTN’s Mike Walter spoke with Peter Knights, CEO of WildAid. Watch CGTN LIVE on your computer, tablet or mobilehttp://america.cgtn.com/livenews Subscribe to CGTN America on YouTube Follow CGTN America:Twitter: @cgtnamericaFacebook: @cgtnamericaGoogle+: CctvamericaTvnews »» Watch CGTN «« Washington, DC (and greater area)• MHz – Channel 3• COMCAST (Xfinity) – Channel 273• FIOS – Channel 277 New York City• Time Warner – Channel 134• FiOS (Verizon) – Channel 277 Los Angeles• Charter Cable – Channel 562• Time Warner – Channel 155 Satellite Nationwide• DISH TV – Channel 279

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Breast cancer surgeon fatally struck by car in Essex Fells, New Jersey

In Business, Healthcare by ABC 7 NYLeave a Comment

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ESSEX FELLS, New Jersey (WABC) — One of New Jersey’s top breast cancer surgeons was fatally struck by a car on Tuesday morning. Dr. Jan Huston-Pryor, 66, was struck in the 200 block of Devon Road in Essex Fells around 9:25 a.m. The driver remained at the scene. She was transported to Mountainside Hospital where she was pronounced dead. Sadly, that is also the hospital by which the doctor was employed. John Fromhold, the CEO HackensackUMC Mountainside released a statement saying, “It is with a heavy heart that we announce the passing of Dr. Jan Huston, Medical Director of our Breast Health Program and a Mountainside Medical Group physician. Dr. Huston was a beloved colleague and a strong advocate for …

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Uber’s board is confident with Travis Kalanick staying CEO

In Business, Government by Venture BeatLeave a Comment

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Weeks after numerous issues have plagued Uber, the company’s board sees no immediate changes to take place at the top of its organization. During a conference call with the media on Tuesday, Uber board member Arianna Huffington expressed support for Travis Kalanick to remain at the helm of the on-demand ride sharing service. Questions have come up about his effectiveness as leader after multiple allegations of sexual harassment surfaced, along with video of Kalanick arguing with a driver, use of Greyballing to avoid authorities, and the departure of several executives including Uber’s president of ridesharing Jeff Jones. But in an effort to put any speculation to rest, Huffington said that “nothing has been addressed and we don’t think [Kalanick’s firing] …

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How AI startups and tech giants collaborate to do good deeds

In Business, Gaming, Government, Healthcare, Mobile Technology, Science & Nature, Start Up by Venture BeatLeave a Comment

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AI startups have discovered there’s value to partnering with tech giants like Intel, Google, and IBM. Entrepreneurs bring the domain expertise, ingenuity, and passion, while large enterprises provide the unparalleled compute and storage capabilities critical to building modern AI systems. “Ninety percent of the world’s supercomputers run on Intel technology,” Diane Bryant, who leads Intel’s Data Center Group, told me at SXSW. “And 95 percent of artificial intelligence solutions run on Intel Xeon and Xeon Phi processors.” Graphics processing units (GPUs), once popular mainly with gamers chasing visual performance, inside computers represent images as matrices. Turns out the deep neural nets that power our current AI craze also depend heavily on matrix operations, making GPUs suddenly very useful for AI research. Nvidia’s stock …

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Developmentally disabled adults face uncertainty as N.Y. changes Medicaid payments and deep federal cuts loom

In Business, Education, Finance, Government, Healthcare, Legal by Riverhead LocalLeave a Comment

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With elected officials and others arguing about the House Republican bill intended to repeal and replace the Affordable Care Act, some local residents who are dependent on Medicaid — and the nonprofit organization that serves them — are anxiously awaiting the outcome. Christine Barker and Alissa Slade are two residents of a group home for developmentally disabled adults operated by East End Disability Associates in Manorville. They rely on Medicaid for a lot more than doctor visits and prescription drugs. That’s because their housing, supervision and assistance, various therapies, job training — a wide range of services — are all largely paid for by Medicaid. “I rely on Medicaid for just about everything, I think,” said Slade, 23, who has …

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Uber offers more promises to fix its toxic culture, but the CEO is staying

In Business, Mobile Technology by The VergeLeave a Comment

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Uber offers more promises to fix its toxic culture, but the CEO is staying – The Vergeclockmenumore-arrow (function(d) { try { if (localStorage.getItem(‘chorus-fonts-0b50f0674bed2b66b24a77410eb3f99c’) === ‘yes’) { d.documentElement.className += ‘ fonts-loaded’; } } catch (e) {} var fontUrls = [“https://fonts.voxmedia.com/unison/stylesheets/verge.1d37918fdeeb1febc4d68217382a1e72.css”]; var ss = d.styleSheets; for (var i=0; i -1) { ss[i].ownerNode.media = ‘all’; fontUrls.splice(idx, 1); } } if (fontUrls.length > 0) { setTimeout(onload, 0); } } onload(); })(document); var chorusInitQueue=[],volume_embed_host=”https://volume.vox-cdn.com”;var Chorus=Chorus||{};Chorus.windowLoaded=!1,Chorus.AddScript=function(o,n){var t=document.createElement(“script”);t.async=!0,t.type=”text/javascript”,t.src=o,”function”==typeof n&&(t.onload=n);var e=document.getElementsByTagName(“script”)[0];return e.parentNode.insertBefore(t,e),t},Chorus.ready=function(o){“loading”!=document.readyState?o():document.addEventListener?document.addEventListener(“DOMContentLoaded”,o):document.attachEvent(“onreadystatechange”,function(){“loading”!=document.readyState&&o()})},Chorus.OnLoad=function(o){if(Chorus.windowLoaded=!0)return void o();var n=window.onload;”function”!=typeof window.onload?window.onload=o:window.onload=function(){n(),o()}},Chorus.OnLoad(function(){Chorus.windowLoaded=!0}); dataLayer = [{“Network”:”theverge”,”Community”:”theverge”,”GA Primary ID”:”UA-26533115-1″,”GA CrossDomains”:”theverge.com”,”Content ID”:”14776753″,”Entry Groups”:”front-page:tech:transportation:uber:ride-sharing”,”Author”:”Andrew J. Hawkins”,”Last Time Updated”:”2017-03-21 17:59″,”Hour of Update”:”17″,”Publish Date”:”2017-03-21 17:59″,”Hour of Publish”:”17″,”Demand Post”:”no”,”All Chorus Categories”:”theverge:theverge:front-page:tech:transportation:uber:ride-sharing”,”Content Type”:”article”,”chartbeat_domain”:”theverge.com”,”chartbeat_zone”:”172968584/verge”,”chartbeat_authors”:”Andrew J. Hawkins”,”Logged in Status”:”Logged Out”,”Day of Week”:”tuesday”,”Hour of Day”:”18″}]; window._umbel = window._umbel || []; (function() { var d = …

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What the cluck? Viral big chicken is very real

In Business, Government by ABC 7 NYLeave a Comment

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What the cluck? A video of a giant chicken caused many Twitter users to ask just that.The world woke up Saturday morning to the amazing sight of the colossal clucker via a Tweet from @LifesBook_CEO who asked the obvious question, “Am I the only person wondering why this chicken is so damn big.”The minute-long video was shared by 35,000 users as of Monday evening. So is it real? Yes. The rooster in question is a Brahma chicken, a large breed of chicken cultivated in the US. For a while, at the turn of the 20th century, they were the most in-demand meat breed in the country. According to the Livestock Conservancy, some birds bulked up to 18+ pounds. (Copyright ©2017 …

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Miami-Based Rokk3r Labs Launches Rokk3r Fuel Venture Capital Group

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

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MIAMI–(BUSINESS WIRE)–March 21, 2017– Rokk3r Labs, the Miami-based venture builder, today announced the launch of Rokk3r Fuel, a dedicated investment fund designed to give investors access to Rokk3r Labs’ proprietary approach of identifying and co-building innovative, new companies. Rokk3r Fuel is led by founding partners Jeff Ransdell and Jonas Tempel in partnership with Rokk3r Labs managing founders Nabyl Charania and Germán Montoya. “We see Miami as a growing international destination and hub for entrepreneurs throughout the U.S., Latin America, Western Europe and Northern Africa,” said Germán Montoya, co-founder of Rokk3r Labs. “Jeff and Jonas bring a unique combination of experience and expertise in entrepreneurship and investing at the most established levels. We are thrilled to have them connecting investors to …

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3 female Uber leaders discuss sexual harassment investigation

In Business, Government by Venture BeatLeave a Comment

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Uber today provided an update on its investigation into alleged sexual harassment and discriminatory practices at the company. “No woman should ever have to choose between her career and sexual harassment,” said Arianna Huffington, a director of the company, on a conference call with reporters. Liane Hornsey, chief human resources officer who has been at the company just 11 weeks, and Rachel Holt, head of U.S. and Canada, also participated in the call. Appointing three women to address this issue seems like calculated decision to send a strong message to the female rank and file at Uber. The only question is whether these efforts are too little too late. “We wanted to have the people responsible for making things happen on the …

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Hybrid cloud storage company Avere Systems raises $14 million from Google, Western Digital, others

In Business, Emerging Technology by Venture BeatLeave a Comment

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Avere Systems, a hybrid cloud data storage company based in Pittsburgh, has closed a $14 million series E round of funding from new investor Google, in addition to existing investors Menlo Ventures, Norwest Venture Partners, Lightspeed Venture Partners, Tenaya Capital, and Western Digital Capital. Founded in 2008, Avere Systems helps enterprises establish a system that blends on-premises and public cloud data storage, and offers a mix of software and hardware-based services. While countless companies have already migrated to the cloud, enabling a scalable data storage system that grows and contracts based on demand, there are benefits to keeping some things “in-house” — it enables faster data-transfer speeds, for starters, and it can often be better for privacy. So with “hybrid,” some tasks can be …

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How AI can solve the top 3 pain points in marketing

In Business, Education, Gaming, Government, Science & Nature, Security by Venture BeatLeave a Comment

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Did you know there are over 3,874 companies offering marketing technology? That’s how many companies are featured on Scott Brinker’s behemoth 2016 Marketing Technology Landscape Supergraphic, which drives home the challenge of navigating the marketing industry. Above: Image Credit: Scott Brinker “Marketing has the unique challenge of not having a typical stack or process. If you look into any Fortune 500 company, they will have hundreds of products that they are stitching together,” says Eric Stahl, an SVP of Product Marketing at Salesforce. Leading marketing experts agree that the plethora of tools available to marketers and advertisers is both a blessing and a curse. The variety of options enables marketers to keep up with an ever-evolving digital landscape of consumer …

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Google Promises To Keep Ads Off 'Hateful, Offensive' YouTube Content

In Business, Government by National Public RadioLeave a Comment

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Enlarge this image Google says it will improve its internal systems and give advertisers more control of where their spots appear, responding to complaints about the pairing of paid ads with offensive content. Marcio Jose Sanchez/AP hide caption toggle caption Marcio Jose Sanchez/AP Google will give advertisers more control over where their ads appear and improve its internal controls, as the owner of AdWords and YouTube apologized for “a number of cases where brands’ ads appeared on content that was not aligned with their values.” The move comes days after reports of ads “showing up in YouTube alongside videos of white nationalists and terrorists” prompted both advertising companies and branches of the U.K. government to halt ad campaigns handled by …

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New Trump hotels face political fights, ethics questions

In Business, Government by Newsday Technology NewsLeave a Comment

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In this Friday, Feb. 17, 2017, photo, Trump Hotels CEO Eric Danziger poses for a portrait in his office at Trump Tower in New York. The Trumps are launching a new hotel chain in a bold expansion of a company that critics say is already too big and opaque for an owner who sits in the Oval Office. Called Scion, the aim is to open dozens in the next three years. (AP Photo/Mary Altaffer) (Credit: AP) (AP) — You might have expected the Trump Organization to tap the brakes on expansion plans given all the criticism over potential conflicts of interest while its owner sits in the Oval Office. It’s hitting the accelerator instead. The company owned by President Donald …

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First Central names acting president

In Business, Emerging Technology, Events by Long Island Business NewsLeave a Comment

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Glen Cove-based First Central Savings Bank said CEO John Romano has left the bank and CFO Anita Florek will serve as acting president and COO. The eight-branch bank, founded in 1999, plans to announce a new president at its annual board meeting in late April. Romano had led the Bank of Smithtown, People’s United Bank’s Long Island operations and then worked as an executive at Amalgamated Bank. He joined First Central Savings as president and CEO three years ago in 2014, according to a spokesman for the bank. “Our bank’s goal was and still is to fill a void in the big bank mentality, by providing good old-fashioned personal service with a smile,” Chairman Joseph Pistilli said in a written …

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Reason Launches World’s First Experiential Platform for Emerging Technologies

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

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Reason, a startup that promotes adoption of exciting technological advances, is launching a new platform to gamify discovery in a team-based sci-fi adventure SAN FRANCISCO–(BUSINESS WIRE)–March 21, 2017– Reason, the startup that builds physical sci-fi adventure for teams to experience difficult-to-access technologies – drones, holograms, Virtual Reality, robotics, 3D printing and more – is announcing its official launch. The company gives people access to experimental gear they would do not normally experience, providing inspiration and broadening horizons. Reason works like a game, one which sees players enjoy all the offerings of its Future Technology Escape Room. Aimed at everyone from HR leaders conducting team building days to the simply curious, throughout the experience, Reason puts various gadgets in the hands …

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The long, weird history of companies that put your life online

In Business, Education, Government, Legal by The VergeLeave a Comment

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When the first phone book was published in 1878, it had only 50 entries, giving subscribers the names of fellow citizens privileged enough to have a telephone. Today, the ultimate privilege is being unlisted — but thanks to a complex ecosystem of online people search services, that’s nearly impossible. People search sites are a perennially controversial feature of the web, from the venerable Whitepages.com to the reviled upstart FamilyTreeNow, which was publicized and widely condemned earlier this year. They’re the perfect example of how scale and searchability can change the meaning of data: the contents of thousands of phone books accessible from anywhere in the world, with an unprecedented level of detail. It makes their data more useful, and more …

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Microsoft provided Tim Cook with a Surface Pro 4

In Business, Mobile Technology by The VergeLeave a Comment

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Microsoft provided Tim Cook with a Surface Pro 4 – The Vergeclockmenumore-arrow (function(d) { try { if (localStorage.getItem(‘chorus-fonts-0b50f0674bed2b66b24a77410eb3f99c’) === ‘yes’) { d.documentElement.className += ‘ fonts-loaded’; } } catch (e) {} var fontUrls = [“https://fonts.voxmedia.com/unison/stylesheets/verge.1d37918fdeeb1febc4d68217382a1e72.css”]; var ss = d.styleSheets; for (var i=0; i -1) { ss[i].ownerNode.media = ‘all’; fontUrls.splice(idx, 1); } } if (fontUrls.length > 0) { setTimeout(onload, 0); } } onload(); })(document); var chorusInitQueue=[],volume_embed_host=”https://volume.vox-cdn.com”;var Chorus=Chorus||{};Chorus.windowLoaded=!1,Chorus.AddScript=function(o,n){var t=document.createElement(“script”);t.async=!0,t.type=”text/javascript”,t.src=o,”function”==typeof n&&(t.onload=n);var e=document.getElementsByTagName(“script”)[0];return e.parentNode.insertBefore(t,e),t},Chorus.ready=function(o){“loading”!=document.readyState?o():document.addEventListener?document.addEventListener(“DOMContentLoaded”,o):document.attachEvent(“onreadystatechange”,function(){“loading”!=document.readyState&&o()})},Chorus.OnLoad=function(o){if(Chorus.windowLoaded=!0)return void o();var n=window.onload;”function”!=typeof window.onload?window.onload=o:window.onload=function(){n(),o()}},Chorus.OnLoad(function(){Chorus.windowLoaded=!0}); dataLayer = [{“Network”:”theverge”,”Community”:”theverge”,”GA Primary ID”:”UA-26533115-1″,”GA CrossDomains”:”theverge.com”,”Content ID”:”14764569″,”Entry Groups”:”front-page:apple:microsoft:tldr:tech”,”Author”:”Tom Warren”,”Last Time Updated”:”2017-03-21 10:34″,”Hour of Update”:”10″,”Publish Date”:”2017-03-21 10:24″,”Hour of Publish”:”10″,”Demand Post”:”no”,”All Chorus Categories”:”theverge:theverge:front-page:apple:microsoft:tldr:tech”,”Content Type”:”article”,”chartbeat_domain”:”theverge.com”,”chartbeat_zone”:”172968584/verge/tldr”,”chartbeat_authors”:”Tom Warren”,”Logged in Status”:”Logged Out”,”Day of Week”:”tuesday”,”Hour of Day”:”10″}]; window._umbel = window._umbel || []; (function() { var d = new Date(); d.setDate(d.getDate() + 365); document.cookie = …

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Apple’s app for learning to code, Swift Playgrounds, launches in French, Chinese, and 5 new languages

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

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Apple has announced that Swift Playgrounds, an iPad app designed to teach people how to code with Apple’s Swift programming language, is now available in five new languages. First unveiled at WWDC in San Francisco last summer, Swift Playgrounds features a range of interactive puzzles and programming lessons designed to teach the fundamentals of coding. It strives to do so by bringing “fun” to the table, with users tapping the screen and instantly seeing the results of their action in a video on the right-hand side. There’s also an enhanced virtual keyboard for those seeking more advanced functions. Now, in addition to English, Swift Playgrounds supports Japanese, German, Simplified Chinese, French, and Latin American Spanish. “The Swift Playgrounds app has helped …

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New red iPhones released to help fund to fight AIDS

In Business, Mobile Technology by ABC 7 NYLeave a Comment

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CUPERTINO, Calif. — First it was rose gold, then it was matte black, and now it’s vibrant red. Apple has announced the new iPhone 7 and iPhone 7 Plus RED Special Edition phones. Apple says the devices are in recognition of more than 10 years of partnership between Apple and (RED) and will give customers “an unprecedented way to contribute to the Global Fund and bring the world a step closer to an AIDS-free generation.”Since it was founded in 2006, (RED) has generated more than $465 million for the Global Fund, with more than $130 million from Apple alone. “Since we began working with (RED) 10 years ago, our customers have made a significant impact in fighting the spread of …

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Rocket Lab raises $75 million to conduct weekly satellite launches

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

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Today, businesses seeking to send small satellites into space must rely heavily on larger space deliveries, which only happen about a dozen times a year. Rocket Lab wants to fix that by providing weekly launches for small, private satellites, and it has amassed $75 million in additional investment to do so. “Over the past few years, America has gone to space between 18 to 20 times a year on average,” wrote Rocket Lab founder and CEO Peter Beck, in an email to VentureBeat. “That includes all launch service providers combined.” The startup claims it would be capable of carrying out 60 percent of those payloads. Beck’s solution is Rocket Lab’s Electron launch vehicle, which runs on a 3D printed, battery-powered …

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SoftBank invests $300 million in shared-office space startup WeWork

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

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(Reuters) — SoftBank Group Corp has invested $300 million in shared-office space company WeWork, the first installment of a multi-billion-dollar bet, according to a source familiar with the matter. SoftBank, the Japanese telecommunications and internet company, has made bold and wide-ranging bets in the technology industry, including India ride-service company Ola, San Francisco-based financial services startup SoFi and Virginia-based satellite communications startup OneWeb. The WeWork investment is just the first tranche of a much larger funding round that is expected to total about $3 billion, according to the person familiar with the matter, who spoke on condition of anonymity. While this first round of funding comes from SoftBank itself, the remainder of the cash is expected to come from SoftBank’s …

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Uber President’s Resignation Roils Tech Giant

In Business, Government, Video by Associated PressLeave a Comment

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Subscribe for more Breaking News: http://smarturl.it/AssociatedPress The president of the embattled ride-hailing company Uber has resigned just six months after taking the job. Jeff Jones’ departure is the latest challenge facing the technology giant as CEO Travis Kalanick prepares to take Uber public. (March 20) The Associated Press is the essential global news network, delivering fast, unbiased news from every corner of the world to all media platforms and formats.AP’s commitment to independent, comprehensive journalism has deep roots. Founded in 1846, AP has covered all the major news events of the past 165 years, providing high-quality, informed reporting of everything from wars and elections to championship games and royal weddings. AP is the largest and most trusted source of independent …

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Walmart is bringing a tech incubator to Silicon Valley

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

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Walmart wants to drastically speed up its development of retail tech. To do that, the discount retailer announced on Monday it was launching Store No 8, an innovation cluster whose entrepreneurs will be free from the diktats of its Bentonville, Arkansas headquarters and Wall Street’s short attention span, to develop the retail tech Walmart needs in order to modernize over the next five to ten years. And, more crucially, the tech is aimed at helping it fight back against rivals like Amazon.com. Store No 8 will be located in Silicon Valley and will house startups wholly owned by Walmart but run independently. It’s the latest manifestation of the new, dynamic culture Walmart is looking to instill into its e-commerce strategy …

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Fabric raises $2.5 million to simplify life insurance

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

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Parents’ worry for their children often leads them to what should be a simple decision: life insurance. But the process can be complex and expensive. Fabric wants to change that by providing a straightforward, mobile solution, that bypasses commission-driven insurance agents. The Brooklyn-based startup launched today and announced a seed round of $2.5 million led by Bessemer Venture Partners. Fabric, which is fully-licensed as an insurance agency, built an entirely digital process where customers can purchase policies issued directly from Vantis Life, an insurance company. “If customers ever have a question, we offer support from licensed insurance agents,” wrote Adam Erlebacher, cofounder and CEO of Fabric, in an email to VentureBeat. “Most other insurance websites funnel inquiries to insurance agents …

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Databerries raises $16 million to help brick-and-mortar retailers target smartphone users with ads

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

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Databerries, a mobile advertising platform aimed at offline merchants, has announced a $16 million round of funding led by Index Ventures, with participation from ISAI, Mosaic Ventures, and a handful of angel investors. Founded out of Paris, France, in 2014, Databerries allows brick-and-mortar retailers to target consumers with mobile ads based on places they’ve previously visited, in what it calls “Real Life Targeting.” So, a retailer can target shoppers who have previously visited the store, and try to entice them back, while it can also target those who have been to a competitor’s outlet. The platform launched back in December 2015, and Databerries says that it now works with more than 100 retailers, including Toys R Us and McDonald’s. With Real Life Targeting, marketers can see exactly how many …

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Target revamps stores for those in a rush, those who ramble

In Business, Government by Newsday Technology NewsLeave a Comment

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FILE – In this Wednesday, March 2, 2016, file photo, Target Chairman and CEO Brian Cornell speaks to a group of investors, in New York. On Monday, March 20, 2017, Cornell announced an ambitious redesign of Target’s stores, aimed at helping people who need to dash in for essentials to get out quickly while encouraging those who want to wander the aisles to linger. (AP Photo/Mark Lennihan, File) (Credit: AP) (AP) — In a move to bring shoppers back to its stores, Target is embarking on an ambitious redesign aimed at helping people who need to dash in for milk to get out quickly while encouraging those who want to wander the aisles to linger. The new layout was unveiled …

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These are the most important chatbot metrics to track

In Business by Venture BeatLeave a Comment

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The chatbot market is changing and growing rapidly. Bots are constantly improving, and people are relying on them more frequently. As bots become more believable and human, smartphone apps continue to dwindle. In the month of June 2016, for example, 49 percent of smartphone users in the U.S. did not download a single app. Instead, as bots continue to improve, users are more frequently turning to text platforms. In this perspective, chatbot engagement and retention become much more important to determine which bots will survive in the bot ecosystem. According to our research at Botanalytics, retention rates for a bot can come as high as 10 percent, based on a 7-day time frame. The average retention rate for bots today is 4 …