Month: September 2018

Elon Musk has long established himself as a both a visionary CEO and a lightning rod for attention, good and bad. The bad reared its head dramatically this week as the Securities and Exchange Commission charged Musk with securities fraud for misleading investors with August tweets about taking Tesla private. The commission wants to bar
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General Electric’s painful year as been a boon for investors who have placed big bets against the legacy industrial conglomerate. And Wall Street’s outlook for the company’s fourth quarter isn’t getting any rosier. GE has proven to be this year’s second-most profitable short trade, according to financial technology firm S3 Partners. It is the third
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There are significant, real-world benefits to having an accepted and recognized identity. That’s why the concept of a digital identity is being pursued around the world, from Australia to India. From airports to health records systems, technologists and policy makers with good intentions are digitizing our identities, making modern life more efficient and streamlined. Governments
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The ability to personalize a product to your preference is the next major theme of the world’s digital revolution, CNBC’s Jim Cramer said Thursday, speaking from CNBC’s 1Market studio in the tech capital of San Francisco. “The investable theme everybody’s talking about right here, right now? Personalization. It’s everywhere,” the “Mad Money” host said. “Technology
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Facebook’s head of policy, Joel Kaplan, was sitting in the U.S. Senate gallery Thursday behind Judge Brett Kavanaugh as he responded to allegations of sexual misbehavior when he was in high school. Kaplan attended in a personal capacity as a friend of Kavanaugh’s, according to a Facebook spokesperson. Both Kavanaugh and Kaplan worked for President
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Iridium Communications announced a partnership with Amazon Web Services on Thursday, to develop a satellite-based network called CloudConnect for Internet of Things (IoT) applications. “We’re really covering the whole planet … with terrestrial networks today it’s still only 10 percent or 20 percent” of the Earth, Iridium CEO Matt Desch told CNBC. “Everybody today can
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British cybersecurity start-up Darktrace has raised $50 million in a funding round that values the firm at $1.65 billion. The investment, announced on Thursday, was led by European private equity firm Vitruvian Partners and includes backing from existing investors KKR and TenEleven Ventures. Cambridge-headquartered Darktrace, founded in 2013, uses artificial intelligence (AI) and machine-learning technology
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Google’s first public attempt to explain its reported interest in entering the Chinese market failed to appease critical members of Congress at a Senate Commerce Committee hearing on Wednesday. The hearing, which was attended by Google, as well as by Amazon, Apple, AT&T, and Charter Communications, began as a broad discussion of possible privacy legislation.
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Coraline Ada Ehmke has been writing software professionally since 1994. For the past decade, she’s been active in the Ruby programming language community and has created numerous open source tools to help fellow Ruby programmers. But these days she’s best known for a different type of code altogether. Ehmke is the original author of Contributor
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Kevin Systrom and Mike Krieger, the co-founders of the photo-sharing app Instagram, have resigned and plan to leave the company in coming weeks, according to people with direct knowledge of the matter. The exits add to the challenges facing Instagram’s parent company, Facebook. Mr. Systrom, Instagram’s chief executive, and Mr. Krieger, the chief technical officer,
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Hurricane Florence caused between $2.8 billion and $5 billion in insured losses when it blew into North Carolina earlier this month, according to an estimate from global risk modeling firm RMS. Wind alone caused damage worth between $1.3 billion and $2.6 billion, with storm-surge and inland flooding damages totaling between $700 million and $1.2 billion.
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Last Tuesday, Disney‘s Marvel Studios released the much-anticipated trailer for 2019’s “Captain Marvel,” and it is a big deal: It is the first female superhero-led franchise for Marvel’s cinematic universe. The film stars Brie Larson as Captain Marvel in the starring role, with supporting roles for Samuel L. Jackson and Jude Law. Marvel Studios’ president,
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President Donald Trump’s tweeting habits are lifting oil prices, and the U.S. leader should stop posting on social media to alleviate the spike in prices, according to one Iranian official. “The Trump administration is pushing politics into the OPEC (Organization of Petroleum Exporting Countries), and is aiming at spreading the members and securing their own
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There’s a building material that could keep houses intact during hurricanes, earthquakes, tornadoes and fires. While it’s been widely used around the world, the U.S. is a laggard in adopting the construction technique. One company trying to change that is RSG 3-D, which is bringing a building material known as 3D cementitious sandwich panel for
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