Google, which has largely sat on the sidelines of the video game industry, seems ready to get in the fight.
The company is working on a new service codenamed Yeti, which would let people play games streamed to them online, potentially eliminating the need for a dedicated console like the PlayStation 4 or a high-end gaming computer.
News of the service first broke via The Information. Gaming industry insiders, who were not authorized to speak on-the-record, tell Fortune that Google is targeting a holiday 2019 release for Yeti, though the company is currently behind schedule and that date could shift.
Google recently hired Phil Harrison, a long-time gaming industry veteran. Sources indicate he is closely involved with the project. Harrison spent 15 years as the head of Sony’s network of game studios and three years as a senior member of Microsoft’s Xbox team. Since leaving those companies, he has served as an adviser and board member to various gaming companies.
Google declined to discuss the initiative, citing a company policy of not commenting on rumors or speculation.
Some details about Yeti are still fuzzy. It could be a dedicated streaming box or could operate through the company’s Chromecast device. How it will overcome issues of in-game lag is one of the biggest hurdles. But Fortune has learned that several major publishers are working with Google on the project.
Yeti would compete with Sony’s Playstation Now streaming service, which carries a $19.95 monthly fee (or $100 annual fee). That service, built off of one of the pioneers in game streaming, has not found an especially large audience, in part because of the high price and older catalog of games. Microsoft has previously discussed launching a game streaming service, but has not made any announcements about a new streaming product.
Google has flirted with the game industry before. It almost acquired Twitch in 2014 for $1 billion, but the deal fell apart in the final stages. (Amazon would later acquire that game streaming service.) Since then, Google’s YouTube division has dramatically increased its presence in the video game world, live streaming from E3, the video game industry trade show, and enabling live game streaming.
There’s certainly a big financial incentive for Google in video games. The industry saw revenues of $36 billion in the U.S. alone in 2017. Globally, it generates over $100 billion each year.
WASHINGTON/SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O) has seen “strong demand” for replacement iPhone batteries and may offer rebates for consumers who paid full price for new batteries, the company said in a Feb. 2 letter to U.S. lawmakers made public on Tuesday.
Apple confirmed in December that software to deal with aging batteries in iPhone 6, iPhone 6s and iPhone SE models could slow down performance. The company apologized and lowered the price of battery replacements for affected models from $79 to $29.
In the letter released Tuesday, amid nagging allegations that it slowed down phones with older batteries as a way to push people into buying new phones, the company said it was considering issuing rebates to consumers who paid full price for replacement batteries.
The letter, released by the U.S. Senate Commerce Committee, also said Apple provided a phone-slowing software update in January 2017 but did not disclose it until a month later.
In the letter, Apple said it had known about battery problems caused by a manufacturing defect as early as fall 2016.
Senator John Thune, a Republican who chairs the committee, said in a statement that “consumers rely on clear and transparent disclosures from manufacturers to understand why their device may experience performance changes.”
Thune said that in discussions with the committee “Apple has acknowledged that its initial disclosures came up short. Apple has also promised the committee some follow-up information, including an answer about additional steps it may take to address customers who purchased a new battery at full price.”
Apple did not immediately comment on Thune’s statement.
Last week, the U.S. Department of Justice and the Securities and Exchange Commission said they were investigating whether Apple violated securities laws concerning its disclosures that it slowed older iPhones with flagging batteries, Bloomberg reported.
In a statement last week, Apple said it had “received questions from some government agencies” and was duly responding to them. The company had “never, and would never, do anything to intentionally shorten the life of any Apple product, or degrade the user experience to drive customer upgrades,” the statement said.
Consumers so far have filed some 50 proposed class action lawsuits over Apple’s latest iPhone software update, which they allege caused unexpected shutdowns and hampered the performance of iPhone models of the SE, 6 and 7 lines.
Government agencies in countries ranging from Brazil to France and Italy to South Korea are also investigating Apple following complaints.
Reporting by David Shepardson in Washington and Stephen Nellis in San Francisco, Editing by Franklin Paul and Tom Brown
SPDR Gold Shares (GLD)/Gold has had a stellar few weeks. In fact, the yellow metal has surged by roughly 10% since hitting a significant short term bottom a few weeks ago. However, since hitting a new 52-week high gold seems to have stalled, and now appears intent on reversing. So, what is likely to transpire next? Is this just a healthy correction, or is gold headed back below $1,300? Are the favorable fundamental developments strong enough to overcome gold’s headwinds? Ultimately, will the precious metal breakout to new multiyear highs and head higher throughout the year?
GLD is the largest, reportedly physically-backed gold exchange traded fund in the world, with roughly $35 billion worth of net assets. GLD offers market participants an efficient way to access the gold market. The ETF is an attractive alternative to trading gold futures, as it can be traded much like a stock on the NYSE Arca exchange instead of dealing with alternative exchanges and trading requirements pertaining to futures contracts.
Furthermore, GLD is an appealing alternative to buying physical gold, as investors get similar exposure they would to the physical metal, but can buy and sell gold with great fluidity using GLD. This way investors bypass the inconvenience of having to take physical delivery of the asset when buying and delivering it when selling. GLD is a great transactional instrument for trading gold. Yet, I would encourage individuals to diversify or to invest in actual physical gold for the long term.
Since GLD mimics the price of gold almost identically I will refer to GLD and gold interchangeably throughout this article. Now let’s look at some key elements that are likely to drive gold’s price higher going forward.
Inflation Picture: Prices are Going Higher, and so is Gold
The number one element I look at when assessing the future trajectory of gold prices is inflation. If inflation is likely to decrease going forward so is gold’s price. Conversely, if inflation is going to increase going forward, gold should follow.
Inflation is everywhere you look, the latest CPI came in at above 2%, the PPI is trending above 2.5%, with final demand goods coming in at 3.5% and trending well above 3% throughout the last year. Even wage growth is on the rise with the most recent figure coming in at 2.9%. Crude oil is on its way to $70 fast, likely $80 before mid-year, and possibly $100 before year’s end. Gold is no exception when it comes to price appreciation due to inflationary pressures. Gold’s price is approaching multiyear highs, and will very likely break out in the very near future.
The Week Dollar: Bullish for Gold
Since gold is priced in dollars, a weakening dollar is beneficial to gold prices. Market participants using international currencies to buy gold get more bang for their buck. Also, banks, institutions, countries and other organizations hold reserves in dollars as well as in gold. The dollar is down by nearly 15% since the highs last March. In addition, the dollar is likely to decline further going forward. Thus, gold is not only cheaper to buy, it is also much more attractive to hold as a reserve, due to the dollar’s perpetual depreciation. Why is the dollar likely to continue its decline over the intermediate and long term?
USD 1-Year Chart
USD 5-Year Chart
Ballooning National Debt
The U.S. has a spending problem. The government loves to spend on entitlement programs, defense, social projects, immigration, foreign aid, tax cuts, etc. The only problem is that the U.S. can’t pay for all of it, not even close to be frank. So, the government simply puts the debts on what it sees as the limitless national credit card, also known as the national debt. The only thing is that it’s not limitless, there will be repercussions, and we’re beginning to see that unwind begin now.
Just for reference, the national debt is now over $20.6 trillion, roughly 105% of GDP. Why is this a problem? Primarily because the debt needs to be serviced continuously, currently at around $500 billion for this year. Yes, this is $500 billion American tax payers are paying in interest this year alone to service the national debt.
How does this pertain to the dollar? Because the higher the national debt, the less likely the U.S. is ever to pay it back. In fact, it is essentially impossible to ever pay this debt back now. Therefore, the country is going to have to inflate its way out of the debt, or default, either scenario is extremely negative for the dollar, and very bullish for gold.
Another factor behind the cascading dollar is the U.S.’s continuous and widening trade deficit. The latest trade deficit figures show that the U.S. imported over $50 billion worth of goods more than it exported, that’s just in the last month. This is an ongoing phenomenon. In fact, over the last year the monthly trade deficit has been over $40 billion. This shows that the U.S. consumes a lot more than it actually produces, and the dollar is going to experience further weakness as this trend continues. In conjunction to the dollar weakness, bonds are also now beginning to sell off.
Bond Selloff: Is It Bullish for Gold?
In short, yes, of course it is, allow me to elaborate. Bonds are considered a safe haven asset, much like gold is. However, U.S. bonds have been selling off for various reasons lately. With a cascading dollar, and such low interest rates, many market participants see very little incentive to hold bonds for 5, 10, or 30 years. Also, numerous market participants have expressed concern about the recent bond market selloff. And, it is likely to get worse since the FED has begun to unwind its massive balance sheet. To compound the problem China essentially stated that it is no longer interested in buying U.S. debt. The most troubling fact is that China is the U.S.’s biggest creditor, and if they are not buying U.S. debt, they may be selling it, and they are likely to sell more going forward.
All this bond selling is illustrating that major market participants are sick and tired of holding U.S. debt which pays very little interest and is likely to be worth much less going forward due to the dollar’s decline. Essentially, market participants are losing money holding U.S. debt because inflation is eating it up. Furthermore, the yield curve is flattening, noticeably. The difference in the yield between the 10 year and the 30 year is now less than 0.25%, or less than one quarter of one percent. Why would anyone choose to hold U.S. treasury bonds for 20 extra years just to receive an additional quarter of one percent per year? Right, it makes very little sense when you could just own gold and know that your investment is safe from inflation eating it up.
The GLD chart shows a constructive image. The uptrend is clear and indicates a series of higher highs and higher lows. The CCI and RSI suggest that GLD was recently overbought but is now approaching a more neutral level. It seems likely that GLD will correct and/or consolidate further in the near term, but significant declines from current levels don’t appear likely.
GLD 1-Year Chart
The gold chart essentially illustrates the same image. The uptrend is well intact and the $1,300 level is now very firm support. Given all the positive fundamental developments surrounding gold and the favorable technical image, it does not appear likely that gold’s price will fall below $1,300 any time soon. It seems likelier that the price will correct slightly more, then consolidate, and proceed higher throughout 2018.
Gold 1-Year Chart
Gold 5-Year Chart
The 5-year chart illustrates that gold hit the bottom in late 2015 and has established a powerful uptrend since then. Gold’s bull market began roughly 2 years ago and it seems likely that it is only getting started. This bull could run for many years, and gains should accelerate going forward.
The Bottom Line: Gold Bull Market Has Only Just Started
There are an overwhelming number of favorable fundamental factors surrounding gold right now. Inflation, a weak dollar, worsening demand for U.S. bonds, as well as other dynamics are indicative of a bullish environment for gold. Moreover, these bullish factors are not likely to go away or weaken any time soon. To the contrary, they will likely strengthen and intensify over time, providing even a more bullish setting for gold down the line. Also, in conjunction with these underlying elements the technical background is extremely favorable. Therefore, the overall atmosphere surrounding gold is particularly constructive right now, and should enable the price of the yellow metal to proceed higher throughout the year. It is very likely that we see prices hit $1,500 – $1,550 in gold by the end of this year, roughly $145 – $150 in GLD respectively.
Disclaimer: This article expresses solely my opinions, is produced for informational purposes only, and is not a recommendation to buy or sell any securities. Investing comes with risk to loss of principal. Please always conduct your own research and consider your investment decisions very carefully.
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Disclosure:I am/we are long GLD.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
After decades of heavy slog with no promise of success, quantum computing is suddenly buzzing with almost feverish excitement and activity. Nearly two years ago, IBM made a quantum computer available to the world: the 5-quantum-bit (qubit) resource they now call (a little awkwardly) the IBM Q experience. That seemed more like a toy for researchers than a way of getting any serious number crunching done. But 70,000 users worldwide have registered for it, and the qubit count in this resource has now quadrupled. In the past few months, IBM and Intel have announced that they have made quantum computers with 50 and 49 qubits, respectively, and Google is thought to have one waiting in the wings. “There is a lot of energy in the community, and the recent progress is immense,” said physicist Jens Eisert of the Free University of Berlin.
Original story reprinted with permission from Quanta Magazine, an editorially independent publication of the Simons Foundation whose mission is to enhance public understanding of science by covering research developments and trends in mathematics and the physical and life sciences.
There is now talk of impending “quantum supremacy”: the moment when a quantum computer can carry out a task beyond the means of today’s best classical supercomputers. That might sound absurd when you compare the bare numbers: 50 qubits versus the billions of classical bits in your laptop. But the whole point of quantum computing is that a quantum bit counts for much, much more than a classical bit. Fifty qubits has long been considered the approximate number at which quantum computing becomes capable of calculations that would take an unfeasibly long time classically. Midway through 2017, researchers at Google announced that they hoped to have demonstrated quantum supremacy by the end of the year. (When pressed for an update, a spokesperson recently said that “we hope to announce results as soon as we can, but we’re going through all the detailed work to ensure we have a solid result before we announce.”)
It would be tempting to conclude from all this that the basic problems are solved in principle and the path to a future of ubiquitous quantum computing is now just a matter of engineering. But that would be a mistake. The fundamental physics of quantum computing is far from solved and can’t be readily disentangled from its implementation.
Even if we soon pass the quantum supremacy milestone, the next year or two might be the real crunch time for whether quantum computers will revolutionize computing. There’s still everything to play for and no guarantee of reaching the big goal.
Shut Up and Compute
Both the benefits and the challenges of quantum computing are inherent in the physics that permits it. The basic story has been told many times, though not always with the nuance that quantum mechanics demands. Classical computers encode and manipulate information as strings of binary digits—1 or 0. Quantum bits do the same, except that they may be placed in a so-called superposition of the states 1 and 0, which means that a measurement of the qubit’s state could elicit the answer 1 or 0 with some well-defined probability.
To perform a computation with many such qubits, they must all be sustained in interdependent superpositions of states—a “quantum-coherent” state, in which the qubits are said to be entangled. That way, a tweak to one qubit may influence all the others. This means that somehow computational operations on qubits count for more than they do for classical bits. The computational resources increase in simple proportion to the number of bits for a classical device, but adding an extra qubit potentially doubles the resources of a quantum computer. This is why the difference between a 5-qubit and a 50-qubit machine is so significant.
Note that I’ve not said—as it often is said—that a quantum computer has an advantage because the availability of superpositions hugely increases the number of states it can encode, relative to classical bits. Nor have I said that entanglement permits many calculations to be carried out in parallel. (Indeed, a strong degree of qubit entanglement isn’t essential.) There’s an element of truth in those descriptions—some of the time—but none captures the essence of quantum computing.
It’s hard to say qualitatively why quantum computing is so powerful precisely because it is hard to specify what quantum mechanics means at all. The equations of quantum theory certainly show that it will work: that, at least for some classes of computation such as factorization or database searches, there is tremendous speedup of the calculation. But how exactly?
Perhaps the safest way to describe quantum computing is to say that quantum mechanics somehow creates a “resource” for computation that is unavailable to classical devices. As quantum theorist Daniel Gottesman of the Perimeter Institute in Waterloo, Canada, put it, “If you have enough quantum mechanics available, in some sense, then you have speedup, and if not, you don’t.”
Some things are clear, though. To carry out a quantum computation, you need to keep all your qubits coherent. And this is very hard. Interactions of a system of quantum-coherent entities with their surrounding environment create channels through which the coherence rapidly “leaks out” in a process called decoherence. Researchers seeking to build quantum computers must stave off decoherence, which they can currently do only for a fraction of a second. That challenge gets ever greater as the number of qubits—and hence the potential to interact with the environment—increases. This is largely why, even though quantum computing was first proposed by Richard Feynman in 1982 and the theory was worked out in the early 1990s, it has taken until now to make devices that can actually perform a meaningful computation.
There’s a second fundamental reason why quantum computing is so difficult. Like just about every other process in nature, it is noisy. Random fluctuations, from heat in the qubits, say, or from fundamentally quantum-mechanical processes, will occasionally flip or randomize the state of a qubit, potentially derailing a calculation. This is a hazard in classical computing too, but it’s not hard to deal with—you just keep two or more backup copies of each bit so that a randomly flipped bit stands out as the odd one out.
Researchers working on quantum computers have created strategies for how to deal with the noise. But these strategies impose a huge debt of computational overhead—all your computing power goes to correcting errors and not to running your algorithms. “Current error rates significantly limit the lengths of computations that can be performed,” said Andrew Childs, the codirector of the Joint Center for Quantum Information and Computer Science at the University of Maryland. “We’ll have to do a lot better if we want to do something interesting.”
A lot of research on the fundamentals of quantum computing has been devoted to error correction. Part of the difficulty stems from another of the key properties of quantum systems: Superpositions can only be sustained as long as you don’t measure the qubit’s value. If you make a measurement, the superposition collapses to a definite value: 1 or 0. So how can you find out if a qubit has an error if you don’t know what state it is in?
One ingenious scheme involves looking indirectly, by coupling the qubit to another “ancilla” qubit that doesn’t take part in the calculation but that can be probed without collapsing the state of the main qubit itself. It’s complicated to implement, though. Such solutions mean that, to construct a genuine “logical qubit” on which computation with error correction can be performed, you need many physical qubits.
How many? Quantum theorist Alán Aspuru-Guzik of Harvard University estimates that around 10,000 of today’s physical qubits would be needed to make a single logical qubit—a totally impractical number. If the qubits get much better, he said, this number could come down to a few thousand or even hundreds. Eisert is less pessimistic, saying that on the order of 800 physical qubits might already be enough, but even so he agrees that “the overhead is heavy,” and for the moment we need to find ways of coping with error-prone qubits.
An alternative to correcting errors is avoiding them or canceling out their influence: so-called error mitigation. Researchers at IBM, for example, are developing schemes for figuring out mathematically how much error is likely to have been incurred in a computation and then extrapolating the output of a computation to the “zero noise” limit.
Some researchers think that the problem of error correction will prove intractable and will prevent quantum computers from achieving the grand goals predicted for them. “The task of creating quantum error-correcting codes is harder than the task of demonstrating quantum supremacy,” said mathematician Gil Kalai of the Hebrew University of Jerusalem in Israel. And he adds that “devices without error correction are computationally very primitive, and primitive-based supremacy is not possible.” In other words, you’ll never do better than classical computers while you’ve still got errors.
Others believe the problem will be cracked eventually. According to Jay Gambetta, a quantum information scientist at IBM’s Thomas J. Watson Research Center, “Our recent experiments at IBM have demonstrated the basic elements of quantum error correction on small devices, paving the way towards larger-scale devices where qubits can reliably store quantum information for a long period of time in the presence of noise.” Even so, he admits that “a universal fault-tolerant quantum computer, which has to use logical qubits, is still a long way off.” Such developments make Childs cautiously optimistic. “I’m sure we’ll see improved experimental demonstrations of [error correction], but I think it will be quite a while before we see it used for a real computation,” he said.
Living With Errors
For the time being, quantum computers are going to be error-prone, and the question is how to live with that. At IBM, researchers are talking about “approximate quantum computing” as the way the field will look in the near term: finding ways of accommodating the noise.
This calls for algorithms that tolerate errors, getting the correct result despite them. It’s a bit like working out the outcome of an election regardless of a few wrongly counted ballot papers. “A sufficiently large and high-fidelity quantum computation should have some advantage [over a classical computation] even if it is not fully fault-tolerant,” said Gambetta.
One of the most immediate error-tolerant applications seems likely to be of more value to scientists than to the world at large: to simulate stuff at the atomic level. (This, in fact, was the motivation that led Feynman to propose quantum computing in the first place.) The equations of quantum mechanics prescribe a way to calculate the properties—such as stability and chemical reactivity—of a molecule such as a drug. But they can’t be solved classically without making lots of simplifications.
In contrast, the quantum behavior of electrons and atoms, said Childs, “is relatively close to the native behavior of a quantum computer.” So one could then construct an exact computer model of such a molecule. “Many in the community, including me, believe that quantum chemistry and materials science will be one of the first useful applications of such devices,” said Aspuru-Guzik, who has been at the forefront of efforts to push quantum computing in this direction.
Quantum simulations are proving their worth even on the very small quantum computers available so far. A team of researchers including Aspuru-Guzik has developed an algorithm that they call the variational quantum eigensolver (VQE), which can efficiently find the lowest-energy states of molecules even with noisy qubits. So far it can only handle very small molecules with few electrons, which classical computers can already simulate accurately. But the capabilities are getting better, as Gambetta and coworkers showed last September when they used a 6-qubit device at IBM to calculate the electronic structures of molecules, including lithium hydride and beryllium hydride. The work was “a significant leap forward for the quantum regime,” according to physical chemist Markus Reiher of the Swiss Federal Institute of Technology in Zurich, Switzerland. “The use of the VQE for the simulation of small molecules is a great example of the possibility of near-term heuristic algorithms,” said Gambetta.
But even for this application, Aspuru-Guzik confesses that logical qubits with error correction will probably be needed before quantum computers truly begin to surpass classical devices. “I would be really excited when error-corrected quantum computing begins to become a reality,” he said.
“If we had more than 200 logical qubits, we could do things in quantum chemistry beyond standard approaches,” Reiher adds. “And if we had about 5,000 such qubits, then the quantum computer would be transformative in this field.”
What’s Your Volume?
Despite the challenges of reaching those goals, the fast growth of quantum computers from 5 to 50 qubits in barely more than a year has raised hopes. But we shouldn’t get too fixated on these numbers, because they tell only part of the story. What matters is not just—or even mainly—how many qubits you have, but how good they are, and how efficient your algorithms are.
Any quantum computation has to be completed before decoherence kicks in and scrambles the qubits. Typically, the groups of qubits assembled so far have decoherence times of a few microseconds. The number of logic operations you can carry out during that fleeting moment depends on how quickly the quantum gates can be switched—if this time is too slow, it really doesn’t matter how many qubits you have at your disposal. The number of gate operations needed for a calculation is called its depth: Low-depth (shallow) algorithms are more feasible than high-depth ones, but the question is whether they can be used to perform useful calculations.
What’s more, not all qubits are equally noisy. In theory it should be possible to make very low-noise qubits from so-called topological electronic states of certain materials, in which the “shape” of the electron states used for encoding binary information confers a kind of protection against random noise. Researchers at Microsoft, most prominently, are seeking such topological states in exotic quantum materials, but there’s no guarantee that they’ll be found or will be controllable.
Researchers at IBM have suggested that the power of a quantum computation on a given device be expressed as a number called the “quantum volume,” which bundles up all the relevant factors: number and connectivity of qubits, depth of algorithm, and other measures of the gate quality, such as noisiness. It’s really this quantum volume that characterizes the power of a quantum computation, and Gambetta said that the best way forward right now is to develop quantum-computational hardware that increases the available quantum volume.
This is one reason why the much vaunted notion of quantum supremacy is more slippery than it seems. The image of a 50-qubit (or so) quantum computer outperforming a state-of-the-art supercomputer sounds alluring, but it leaves a lot of questions hanging. Outperforming for which problem? How do you know the quantum computer has got the right answer if you can’t check it with a tried-and-tested classical device? And how can you be sure that the classical machine wouldn’t do better if you could find the right algorithm?
So quantum supremacy is a concept to handle with care. Some researchers prefer now to talk about “quantum advantage,” which refers to the speedup that quantum devices offer without making definitive claims about what is best. An aversion to the word “supremacy” has also arisen because of the racial and political implications.
Whatever you choose to call it, a demonstration that quantum computers can do things beyond current classical means would be psychologically significant for the field. “Demonstrating an unambiguous quantum advantage will be an important milestone,” said Eisert—it would prove that quantum computers really can extend what is technologically possible.
That might still be more of a symbolic gesture than a transformation in useful computing resources. But such things may matter, because if quantum computing is going to succeed, it won’t be simply by the likes of IBM and Google suddenly offering their classy new machines for sale. Rather, it’ll happen through an interactive and perhaps messy collaboration between developers and users, and the skill set will evolve in the latter only if they have sufficient faith that the effort is worth it. This is why both IBM and Google are keen to make their devices available as soon as they’re ready. As well as a 16-qubit IBM Q experience offered to anyone who registers online, IBM now has a 20-qubit version for corporate clients, including JP Morgan Chase, Daimler, Honda, Samsung and the University of Oxford. Not only will that help clients discover what’s in it for them; it should create a quantum-literate community of programmers who will devise resources and solve problems beyond what any individual company could muster.
“For quantum computing to take traction and blossom, we must enable the world to use and to learn it,” said Gambetta. “This period is for the world of scientists and industry to focus on getting quantum-ready.”
Original story reprinted with permission from Quanta Magazine, an editorially independent publication of the Simons Foundation whose mission is to enhance public understanding of science by covering research developments and trends in mathematics and the physical and life sciences.
Nearly two-thirds of internet users turn to Chrome for their browsing needs, but far fewer take full advantage of its available extensions, the add-ons that elevate it from good to great. If you’re one of those plain vanilla Chrome users—or if you’ve only dabbled in the extensions game—check out these sprinkles of joy that the WIRED staff swears by.
The following list of Chrome extension recommendations is by no means comprehensive; there are plenty to explore and discover in the Chrome Web Store. (If you go exploring, just make sure you stick with reputable developers.) But these are the ones we depend on every day to keep our internet experience as sane and enjoyable as possible. May they do they same for you.
Have you ever clicked on an interesting link, only to be greeted by a 404 Error? Wayback Machine’s Chrome extension can help. Created by the Internet Archive—a nonprofit that preserves billions of web pages—the extension shows you what a website looked like in the past, even if has since been deleted. It can turn up the most recent version of a page it has saved, or go back to the first time the Internet Archive recorded it. That latter can be especially illuminating. For example, you can see what a user’s Twitter account looked like when they created it, or how a company’s website appeared when it first launched. One drawback: Wayback Machine doesn’t have a record of every webpage on the internet. But it can also help you prevent others from vanishing in the future: The extension lets you save the web page you’re currently visiting to the Internet Archive’s database. —Staff Writer Louise Matsakis
You’ll find many tab management solutions on this list, but the best by far for my purposes is the Great Suspender, an extension which, as the name suggests, suspends any Chrome tabs that you’ve left fallow for a given amount of time. As someone who keeps well over a dozen tabs open at any given time during the day—and often more—being been an inestimable boon to my laptop and my sanity. And when it’s time to revisit a page, a simple click springs it back to life. It also lets you whitelist any tabs, like Gmail, that are too precious to suspend. —News Editor Brian Barrett
The best Chrome extensions effortlessly improve our lives in a small but impactful ways. And animatedTabs does exactly that. Once installed, the extension will automatically load a random GIF in the center of every new Chrome tab you open. Sound annoying? Come on, people, this is a pure delight. It seems like the GIFs largely source from Reddit’s /r/gifs/, so you mostly get previously undiscovered gems; there’s not much crying Jordan, or and shark cat on a Roomba. But what beats new? And all because you opened a tab to finally pay your three months overdue speeding ticket! The only downside to animatedTabs? You never know when it’s going to generate something NSFW or just dumb. But the real internet cred comes from not caring. —Staff Writer Lily Newman
Bedeviled by browser-tab clutter? Try xTab. It restricts the number of pages you can have open in a given browser window. Just set your cap and go about your business. When you exceed your limit, the extension gets to culling, automatically axing your oldest, least-accessed, or least-recently used tab. It can also prevent you from opening excess tabs altogether. I use that last setting the most; I like to do triage myself. Plus, I’m working on killing my reflexive tabbing habit, and being interrupted in the act helps keep my fingers in check. If you’ve tried other tab managers in the past and found them wanting, this could be your ticket; where most encourage you to cmd-T with abandon, xTab retrains you to curate a more manageable tabscape in real-time. —Senior Writer Robbie Gonzalez
In July of 2016, the world changed for the worse. Up until that point, the backspace key on your desktop keyboard doubled as a back button in Chrome. It had been that way since the browser’s launch some eight years prior. By mid-2016, this action—a simple keystroke to go back one page in your browser history—had become hardwired in our lizard brains. But Google removed the backspace action that summer, because it caused a particularly Googley problem: People were losing work in web apps. When a user typed into a browser text field and hit the backspace key hoping to correct a typo, they’d sometimes inadvertently cause the browser to jump back one page, nuking whatever efforts they’d spent the last few minutes sweating over. Sure, that’s annoying. But imagine the outrage of millions of Chrome users when, upon the next browser update, the backspace key suddenly did nothing. Google had neutered one of the most useful mechanisms for navigating the web. Thankfully, the company recognized our plight and just weeks later released this extension, which restores the back-button functionality of the backspace key. Hallelujah. The preferred keystroke of Alt + left arrow is still the default in Chrome, and maybe you’re used to that now. But why force yourself to press two keys when you can install this extension and press only one? —Senior Editor Michael Calore
You know when you open Chrome and the browser is like, “Are you sure you want to reopen 400 tabs?” (Yes I do, and rude!) Maybe it’s a selection of news articles you’re planning to read later, or the aftermath of clicking through dozens of Wikipedia pages. Maybe you don’t even know what’s in all those tabs. Either way, keeping them all open puts a huge strain on your browser. Close them all—without losing them forever—with the handy OneTab extension. One click of the button neatly collates all your open tabs into one list of links that you can revisit later. It saves your computer incredible amounts of RAM, speeds up the browser immediately, and keeps all those links handy for when you’re totally, definitely, someday coming back to read them. —Senior Associate Editor Arielle Pardes
My name is Tom and I have a Twitter problem—but I’m getting help from a Chrome extension called HabitLab. Anytime I look at the bird-logoed slot machine of trolling, outrage, and thinkfluencing there’s now a bold banner at the top counting up how long I’ve been on the site that day. If I open a Twitter tab but regain my senses and close it again quickly, a popup informs me how many seconds I just saved compared to my usual time-wasting visit. The message comes with a different “Good job!” GIF each time; most recently it was Jimmy Kimmel. HabitLab was developed by Stanford’s Human Computer Interaction group to help those of us suffering internet distraction disorder (most of us?) take control of our online habits. When first installed, it prompts you to identify the sites you want to spend less time on. HabitLab will then keep track of your wasted seconds, minutes, and hours, and display them in neat charts. It also offers a menu of “nudges” to help keep those trend lines moving in the right direction. One of them is the timer that now haunts me on Twitter, a nudge named The Supervisor. Others include GateKeeper, which makes you wait a few seconds before a page you’re trying to give up loads, and the devilish 1Minute Assassin, which kills a tab after 60 seconds. —Senior Writer Tom Simonite
I am not a designer, and I’m sure that those who are have far better tools for pulling colors off of web pages than “Eye Dropper,” a mostly-but-not-always-functional extension that lets you eye-drop any color from around the web, and grab its RGB and Hex color codes. It’s particularly handy for quick fixes that don’t necessitate slowing down your computer by opening up Photoshop—like, say, updating the text on a WIRED section page to make it more readable. It isn’t the prettiest extension, and it’s all too easy to accidentally trigger the eyedropper if, like me, you’re prone to hitting alt-P instead of command-P when trying to print—but Eye Dropper gets the job done. —Digital Producer Miranda Katz
If you’ve ever seen a Google ad follow you around the entire web and back, you know just how annoying and invasive online tracking can become. Ghostery is a fascinating way to see what services websites use to track and collect data about you. It creates a little icon with a number, showing you how many trackers every site uses. Wikipedia, for example, has 0. Most other sites have at least a few. You can see what they use to monitor their website traffic and serve ads, and block services that you don’t like. It’s not perfect; sometimes it will break sites you want to visit, and you’ll have to turn it off or pause it, although the latest release uses AI powers to help minimize the collateral damage. —Senior Writer Jeffrey Van Camp
ProPublica’s What Facebook Thinks You Like
Facebook thinks I like arachnids because my brother writes for a TV show called Scorpion. It thinks I like Christmas Eve because Pearlstein, and it thinks I like flywheels because my late friend Eric Scott was in a band by that name. I know all of this thanks to ProPublica’s cool Facebook Chrome Extension, which helps me see what Facebook thinks about me, and then lets me rate how spot-on—or not—the site’s analysis is, using the aptly named Creepy Meter. —JP
I fly a lot. In the past year, I’ve taken roughly a dozen round trips, each with their own fun, idiosyncratic layovers and delays. To pass the tarmac time, I could watch a bunch of downloaded episodes of The Crown or The Great British Baking Show. I could read a good ol’ fashioned book. Or I could connect to plane Wi-Fi and incessantly check Twitter. Instead, what I prefer to do before leaving for the airport is save a bunch of stories to Pocket. This nifty extension allows you to stow away things you want to read later, no internet connection necessary (though if you use the Pocket app on your phone, be sure to sync it over Wi-Fi or a network connection before going into airplane mode). Pocket also recommends stories, based on other users you follow or topics that interest you, and allows you to optimize your reading experience—I prefer a serif font with a black background and very large text to protect my fatigued eyes. But for someone who opens a million tabs with an intention to eventually read them all, it’s my preferred way to dog-ear a story. If you want to start saving, here’s a shameless plug to visit WIRED’s Backchannel page, chock full of excellent longform narratives that will transport you during your disconnected commute. —WIRED.com Editor Andrea Valdez
Getting a password manager extension means getting a password manager, so definitely do that. All the major managers—LastPass, Dashlane, 1Password, KeePass—offer Chrome extensions, and they’re crucial to making password managers easy to use. The browser extensions act as a quick control center to fill login forms, generate new passwords, and save new credentials into your manager. And though password managers can work without extensions, switching back and forth to a standalone desktop application can be clunky while you’re browsing online. These extensions do carry some potential security risks, but if they’re what get you on a password manager in the first place, they’re worth it. —LN
You probably use Google Calendar every day—many, many times. Instead of letting it permanently squat on valuable tab real estate on your desktop, try the Google Calendar Chrome extension instead. It puts a small Calendar icon in the upper right of your browser window, right where you’d expect. Tap it, and a box drops down, showing you all the meetings you have coming up. I like the design because it reminds me of the wonderful Google Cal widget on my Android home screen. It’s just a one-shot view of the meetings and events you have coming up in the next week or two. You can customize which calendars appear, which is also nice, because if you’re like me, you have a ton of them. For more display options—or to get crazy and log into two Google Calendars at the same time—try the Checker Plus for Google Calendar extension. It’s not official, but works well. —JVC
WIRED Editor-in-Chief Nicholas Thompson swears by Grammarly, an extension that checks your emails, tweets, Facebook posts, and other online missives for spelling and grammar mistakes. Features Editor Mark Robinson recommends Reader View, which he describes as a “one-button, rather lo-fi instant Instapaper,” stripping web articles down to the bare essentials. And while Senior Writer Andy Greenberg has not and likely would never use it, he did find an extension called Kardashian Krypt, which encrypts your messages in images of Kim Kardashian using a technique known as steganography.
Regular readers of this column know that I spend a lot of time thinking about what makes people tick.
That’s because I learned long ago that the secret to appealing to customers, stakeholders, audience members and anyone you care about is to understand who they are and what they want.
And that’s why I carefully read the obituaries of two men who exemplified this philosophy: Ingvar Kamprad, the founder of IKEA, and Mort Walker, the creator of “Beetle Bailey,” a comic strip about a lazy Army private. (Both men died this week.)
Wait–what could these two possibly have in common?
Well, start with the fact that each man was extremely successful in his field. When Kamprad was 17, he launched the store that, over the next seven decades, became the world’s largest seller of furniture (with 400 stores and $42 billion in revenue). And Walker created the comic strip that would ultimately be syndicated in 1,800 newspapers around the world; he had the longest tenure of any cartoonist on an original creation.
Although they were in very different realms, here’s what united Kamprad and Walker: their deep connection to their customers.
For example, in a Forbes interview in 2000, Kamprad summed up his approach this way: “I see my task as serving the majority of people. The question is, how do you find out what they want, how best to serve them? My answer is to stay close to ordinary people, because at heart I am one of them.”
And, as Richard Goldstein wrote in Walker’s New York Times obituary, “‘Beetle Bailey’ used the Army as its setting, but its popularity derived from everyday life and the universal battles against authority figures and mindless bureaucracy.”
When the Defense Department congratulated Mr. Walker on his 80th birthday, he said: “Human frailty is what humor is all about. People like to see the foibles of mankind. And they relate to the little guy, the one on the bottom.”
For both Kamprad and Walker, their understanding of customers–readers or shoppers–wasn’t theoretical or informed only by data; it was based on personal experience.
Walker spent a stint in the Army, and he stayed in touch with servicemen throughout his life. And although Kamprad became very, very rich, he regularly flew economy and popped into his stores unannounced to replicate the customer experience.
These men knew that in order to break through today’s noise and nonsense, you have to not only know your customers; you have to love them.
As I’ve written, your love has to be real–not manufactured or manipulative–and unconditional. You have to clearly see your customers’ faults, but love them anyway. Your love has to be unwavering, despite inattention, inconstancy and even infidelity.
Only by truly loving your customers can you deliver in a way that’s truly about them, not about you. The leap to loving brings you in touch with what matters to people. Suddenly you’re able to communicate in ways that profoundly connect. You’re not on the other side of the chasm from your customers: You’re right there next to them, talking softly, saying what they’ve always wanted to hear. As a result, you can give customers what they actually want.
Nearly everyone wants to be luckier. Some people think success is about preparing for luck, while others think success is about what you do with luck when you find it. There may be different perspectives on luck, but everyone agrees you can’t go wrong with more of it, as long as it’s good.
YPO member Stuart Lacey is considered by many to be an extremely lucky guy, personally and professionally. He married the woman of his dreams, lives exactly where and how he wants, and has traveled to over 70 countries. He’s built 5 successful companies, including Trunomi, a customer consent data rights platform. Bank Innovation even named Lacey as an Innovator to Watch. Lacey has made respecting luck a regular part of his business activity. He even created a mathematical formula to analyze and replicate it.
Lacey’s Lucky Formula
% Luckiness =
(situational awareness) x [perseverance (work ethic / heart)]unlimited x (# of times attempted)failure is good x (choice to act)binary x (Respect and EQ)
Lacey likens experience to the process of securing a patent. “Anyone can file for a patent in a matter of hours for a few hundred bucks. But without a deepunderstandingof the technical, engineering, design, and geo-political aspects, and withoutappreciatingthe importance of opportunity cost and due diligence, the chance of receiving that patent is practically zero.” And Lacey understands that outside factors can influence the outcome, explaining, “Of course experience can be borrowed, for example, by using a world-class (and equally expensive!) patent attorney.” But in the long run, no amount of money can make up for a lack of experience.
2. Have Situational Awareness
Lacey asks a frightening question: “When you’re in amovie theatre, do you actually know where the exits are?” Lacey asserts, “Havingsituationalawareness can multiply by a thousand your chances ofsurvival.” The same is true in business. In a less frightening scenario, Lacey suggests it’s like skiing: “When you’re at the bottom of the mountain, have the foresight to recognize that the last on the ski tram is the first one on the slope. You cantotally change your experiencejust by thinking ahead.” What you do when you get there is up to you, but you can maximize your potential by understanding what’s going on around you.
3. There’s No Substitute for Heart
A hockey fan, Lacey likes to quote Luc Robitaille, who said, “You can find someone smart, but never underestimateheart.” Lacey says, “Passionand work ethic usually trump everything else, and luck does not favor those who don’t put in the hours.” It helps, of course, when your career is doing something you love. But when you put in the solid work, the rest will follow with more ease.
4. Embrace Failure
Lacey is a firm believer in the adage, “Fail quickly, fail cheaply, andfail often.” Lacey says, “The willingness toaccept and learnfrom one’s mistakes is vital for luck.” Mistakes here can multiply. “You have to invest time with your head down, ready to constantly pivot and adjust. Embracing change and innovation IS toembrace failure.” People are told from childhood that failure is bad, and this is a crutch that any entrepreneur has to overcome.
5. Take Action
“How often do you look at somethingnewand say, ‘I thought of that a while ago!'” Lacey asks. “There are so many stories of inventions that never occurred or were greatly delayed until someone else took theinitiative to act.” It’s not always easily done. “It takes courage,” Lacey acknowledges, “and a willingness to fail and bounce back.” But the alternative is always worse. Lacey asserts, “Either you act and luck has a shot, or you don’t act and the chances of your influencing the outcome are nil.” Take the chance on yourself, and don’t be afraid – failure is an opportunity.
6. Attitude Matters
For Lacey, it’s important to remember that people are human. “If your flight is cancelled, it’s not the gate agent’s fault. I have always found that a kind, supportive, appreciative tone, with a strong measure of compassion, works absolute wonders.” No one likes being unappreciated or disrespected. “Focusing on thehuman elementof interactions at all times is a multiplier of your chances for a lucky outcome.” Another important element is to maintain optimism. Lacey explains, “I’m realistic about the work required, but I’m also aware thefutureis one that we will create and craft. You need to have the ability to accept bumps in the road while keeping your eye on the prize.” Further, a willingness to accept compromise is key. Be humble, and remember to exercise emotional intelligence.
Each week Kevin explores exclusive stories insideYPO, the world’s premiere peer-to-peer organization for chief executives, eligible at age 45 or younger.
HONG KONG (Reuters) – Chinese personal computer maker Lenovo Group swung to a loss in the third quarter from a year-ago profit, hurt mainly by a one-off charge of $400 million resulting from a U.S. tax reform, and said the short-term outlook was challenging.
However, the company expressed confidence it could drive growth and that U.S. corporate tax cuts would “positively impact” future earnings of its operations in the country.
Tax reforms signed into law in December lower the income tax rate for U.S. firms to 21 percent from 35 percent.
Lenovo, a unit of Legend Holdings, reported a loss of $289 million for the three months to December, versus a $98 million profit a year ago. It had in January said it expected to incur a one-off charge for the nine months ended in December due to a reassessment of U.S. deferred tax assets.
The company’s revenue for the quarter was $12.94 billion, up slightly from $12.17 billion a year ago.
Lenovo said its core PC and smart devices business group posted an 8 percent rise in revenue to $9.25 billion as sales exceeded shipments growth, on better average selling prices driven by innovative products and a better product mix.
Its struggling mobile business reported a narrower operating loss before taxation of $92 million, versus a loss of $132 million in the second quarter.
“The group now has a stronger organization with sharper customer focus and more compelling product portfolio across all its businesses,” Lenovo said in a statement to the Hong Kong stock exchange on Thursday.
“Coupled with strong execution, the group remains confident it can build leading positions in every business the group enters and drive profitable growth.”
Reporting by Sijia Jiang and Donny Kwok; Editing by Himani Sarkar
(Reuters) – Qualcomm Inc on Wednesday aimed to show shareholders that its licensing practices still have a future after having come under scrutiny from antitrust regulators around the world as well as from major customer Apple Inc.
The disputes over the practices have even weakened Qualcomm’s financials enough to make it the target of a $103 billion hostile takeover bid from Broadcom Ltd.
Qualcomm, the world’s biggest supplier of mobile phone chips, said it has amended its patent licensing Samsung Electronics Co Ltd, the world’s No. 1 mobile handset maker. The news came just before Qualcomm released its fiscal first-quarter earnings, which were weighed down by its wide-ranging legal dispute with Apple and a weak sales outlook for smart phones sales in China.
Samsung and Qualcomm said they would expand their efforts to collaborate around 5G, the next generation of mobile data networks. As part of the agreement, Qualcomm said Samsung would also withdraw its interventions in Qualcomm’s appeal of a Korean Fair Trade decision in the Seoul High Court.
The deal to end hostilities stands out because Qualcomm’s at times contentious dealings with its customers have become a focal point in Broadcom’s takeover effort. Broadcom’s leaders argue they can boost Qualcomm’s value by taking over the San Diego-based company and resolving some of its disputes with customers.
Terms of the Samsung deal are also important. Qualcomm has two business lines, one that sells chips and another that charges licensing fees to handset makers like Apple and Samsung based on a cut of the selling price of their phones.
The device licensing has been the focus of many of Qualcomm’s regulatory and customer disputes, with Apple calling it an unjust “tax.” Broadcom’s leaders have hinted they might modify it.
On Qualcomm’s earnings call, Alex Rogers, head of the company’s licensing division, told investors Samsung would still pay royalties on handset sales, rather than combining the royalty agreement with its chip purchases.
A Qualcomm spokesman declined to elaborate on the specifics of the Samsung deal, an amendment to a 2009 agreement under which Samsung paid $1.3 billion upfront and then an ongoing rate that many analysts believed was different – and possibly lower – than what other device makers paid.
But in getting Samsung to drop its regulatory action and come back to the negotiating table, Qualcomm is hoping to show it can patch things up with customers without Broadcom’s help.
“We remain open to finding a path to resolution and back to collaboration with Apple,” Chief Executive Officer Steve Mollenkopf said on the investor call.
Reporting by Stephen Nellis; Editing by Leslie Adler
Facebook reports its fourth-quarter earnings on Wednesday afternoon and the social media giant is once again expected to post huge revenue growth.
The company’s mobile ad sales continue to ensure that Facebook’s financial performance is the picture of health even as other factors—including the spread of online misinformation, fake accounts, and concerns over the well-being of its own users—paint less of a rosy image of the company in the eyes of the world. In short, Facebook is making money hand-over-fist, but CEO Mark Zuckerberg still has plenty of concerns on his plate, including some that could be discussed on tomorrow’s earnings call.
Here are some things to look for when Facebook reports results from its most recent quarter on Wednesday.
Revenue growth, spending growth
Wall Street expects Facebook to report fourth-quarter revenue of roughly $12.55 billion, which would be up more than 42% over the same period in the previous year, while adjusted earnings per share are expected to jump by almost 38% to $1.94. While the social media giant’s primary financial lines are not expected to disappoint, one area that investors will be watching closely on Wednesday will be Facebook’s forecasted operating expenses for the rest of 2018. Last fall, the company’s announcement that it expected operating expenses to rise 45% to 60% in 2018—in part, due to increased spending on security measures, extra workers to police what’s posted on the service, and on original programming—caused shares to drop briefly after the previous earnings report. Investors will undoubtedly be hoping to see Facebook lower that forecast.
Facebook shares also took a hit earlier this month after the company announced its huge new changes to the service’s news feed, where Facebook will begin to show fewer posts from news organizations and marketers in favor of more content from users’ friends and family. The changes are sure to be a topic of discussion on Wednesday’s earnings call, as investors and analysts seek more detailed information about how the shift could affect Facebook’s bottom line, specifically with regard to its ad business. While some have reported that Facebook’s engagement rates have slipped of late, Zuckerberg said the recent moves are aimed at improving the quality of users’ experiences on the social network at a time when there are increasing concerns over social media’s effects on mental health.
And, speaking of news on Facebook, Zuckerberg also said recently that he wants to boost local news sources on users’ news feeds while also finding out about individuals’ most trusted news sources. So far, those in the news industry have been skeptical, including Fortune‘s Adam Lashinsky.
Progress on messaging and video
Zuckerberg said last year that he wants to move faster in monetizing messaging apps Facebook Messenger and WhatsApp, both of which have well over a billion monthly active users. Both apps have added a number of new features in the past year, including those aimed at getting users to engage with businesses online, so investors will be looking for some more optimism from Facebook on that front. Meanwhile, the company has invested a fair amount in its Watch online video platform, including landingoriginalprogramming for the service, and Facebook may share some updates on how Watch is performing with users as part of its earnings report.
HONG KONG (Reuters) – Chinese conglomerate Dalian Wanda Group’s debt-laden commercial property arm will receive a boost from a group of investors, led by technology giant Tencent Holdings, that is set to buy a 14 percent stake in the company for $5.4 billion.
The group, including Suning Commerce Group, JD.com Inc and Sunac China, will buy the stake for 34 billion yuan from investors who purchased the interest when the company was delisted from the Hong Kong bourse in 2016.
The deal will help Wanda Commercial ease imminent capital pressures and repay old investors in the buyout fund created for the delisting. Those investors had been promised up to 12 percent annual interest if Wanda Commercial failed to relist in Shanghai within two years.
The company was delisted when Wanda Group took it private with a $4.4 billion fund, with a view to relist in Shanghai to achieve better share price performance.
Wanda Commercial needs to make a $510 million payment on a syndicated loan by the end of March. It has a further $1 billion to repay by the end of May and has $600 million in offshore notes due in November, ratings agencies have said.
Wanda Group said on Monday that it would receive HK$10.32 billion ($1.3 billion) from the disposal of London, Sydney and Gold Coast developments.
In a statement later on Monday evening, Wanda Group said that, after the introduction of the new strategic investors, Wanda Commercial would be renamed Wanda Commercial Management Group and would aim to complete previously earmarked asset sales in the next one to two years.
“Going forward, it will stop engaging in property development and will transform into a company solely focused on commercial management,” Wanda Group said.
The group’s sprawling investments in leisure, financial businesses and entertainment drew the attention of Chinese regulators last year, who ordered lenders to assess their exposure to overseas deals by Wanda and HNA Group, among others.
Later in 2017, Wanda sold a portfolio of domestic hotels and tourism assets, including 13 theme parks, for $9 billion to Sunac and Guangzhou R&F Properties. Wanda Commercial operated 235 Wanda Plazas in China as of the end of last year.
In a separate statement, retailer Suning said it would contribute 9.5 billion yuan for a 3.91 percent stake in Wanda Commercial. On Tuesday, property developer Sunac said it also planned to utilize 9.5 billion yuan for a 3.91 percent stake.
Reporting by Clare Jim adn Donny Kwok; Editing by David Goodman and Himani Sarkar
(Reuters) – Two-thirds of Americans are uncomfortable about the idea of riding in self-driving cars, according to a Reuters/Ipsos opinion poll, underscoring one of many challenges for companies spending billions of dollars on the development of autonomous vehicles.
While 27 percent of respondents said they would feel comfortable riding in a self-driving car, poll data indicated that most people were far more trusting of humans than robots and artificial intelligence under a variety of scenarios.
The Reuters/Ipsos poll found a wide disparity of opinion by gender and age, with men generally more comfortable than women about using self-driving vehicles and millennials more comfortable than baby boomers. (tmsnrt.rs/2DD4h4W)
Among men, 38 percent said they would feel comfortable riding in a self-driving car and 55 percent said they would not. Among women, only 16 percent said they would feel comfortable and 77 percent said they would not.
Among those skeptical of driverless cars was California resident Phoebe Barron. “I don’t want to be the first guinea pig,” she said in an interview.
Colorado resident Sonja Coy told Reuters she had a more positive view. Self-driving cars “are a great innovation and technology with a lot of potential,” she said.
“However, I‘m concerned with how liability will fall in the case of accidents, where there are both self-driving and regular cars on the road,” Coy said.
FILE PHOTO: Waymo unveils a self-driving Chrysler Pacifica minivan during the North American International Auto Show in Detroit, Michigan, U.S., January 8, 2017. REUTERS/Brendan McDermid/File Photo
Like most people, she said she had not yet ridden in a self-driving vehicle. Companies testing the vehicles in the United States and elsewhere have provided limited public access so far.
“We’re talking about abstract things that many people have not experienced firsthand,” said Jeremy Carlson, principal automotive analyst with IHS Markit.
Automotive and technology industry executives are pushing U.S. lawmakers to pass legislation that would loosen restrictions on testing and deploying self-driving cars. However, the legislation is currently stalled in the Senate.
In the meantime, companies from General Motors Co to Alphabet Inc’s Waymo are planning to deploy the first wave of self-driving vehicles over the next three years.
Industry officials and analysts have said providing convincing reassurances about safety is an urgent task for advocates of autonomous vehicle technology.
The Reuters/Ipsos poll was conducted in mid-January and collected responses from 2,592 adults.
Other recent surveys have also highlighted widespread doubts among U.S. consumers about self-driving cars, in the absence of any direct experience with them.
Reporting by Paul Lienert in Detroit; Additional reporting by Chris Kahn in New York; Editing by Tom Brown
(Reuters) – Diebold Nixdorf Inc and NCR Corp, two of the world’s largest ATM makers, have warned that cyber criminals are targeting U.S. cash machines with tools that force them to spit out cash in hacking schemes known as “jackpotting.”
The two ATM makers did not identify any victims or say how much money had been lost. Jackpotting has been rising worldwide in recent years, though it is unclear how much cash has been stolen because victims and police often do not disclose details.
The attacks were reported earlier on Saturday by the security news website Krebs on Security, which said they had begun last year in Mexico.
The companies confirmed to Reuters on Saturday they had sent out the alerts to clients.
NCR said in a Friday alert that the cases were the first confirmed “jackpotting” losses in the United States. It said its equipment had not been targeted in the recent attacks, but that it was still a concern for the entire ATM industry.
“This should be treated by all ATM deployers as a call to action to take appropriate steps to protect their ATMs against these forms of attack,” the alert said.
Diebold Nixdorf said in a separate Friday alert that U.S. authorities had warned the company that hackers were targeting one of its ATM models, known as Opteva, which went out of production several years ago.
A confidential U.S. Secret Service alert sent to banks said the hackers targeted stand-alone ATMs typically located in pharmacies, big box retailers and drive-thru ATMs, Krebs on Security reported.
Diebold Nixdorf’s alert described steps that criminals had used to compromise ATMs. They include gaining physical access, replacing the hard drive and using an industrial endoscope to depress an internal button required to reset the device.
Reuters was unable to obtain a copy of the Secret Service report and an agency representative declined comment. Officials with the Federal Bureau of Investigation could not immediately be reached.
Russian cyber security firm Group IB has reported that cyber criminals remotely attacked cash machines in more than a dozen countries across Europe in 2016. Similar attacks were also reported that year in Thailand and Taiwan.
Reporting by Jim Finkle in Toronto; Additional reporting by Dustin Volz in Washington; Editing by Susan Thomas
Howard Schultz dumped the equivalent of a double espresso into an otherwise humdrum Starbucks earnings call on Thursday.
In response to an analyst question about tax law, the Starbucks executive chairman detoured into a stream-of-conscious monologue about Bitcoin and cryptocurrency.
“Well, I think I have another question for you: Twenty or so years later, and the question is, the issue of do you understand and are you anticipating what could happen with cryptocurrencies? And the reason I mention this is not because I’m talking about Bitcoin, because I don’t believe that Bitcoin is going to be a currency today or in the future,” said Schultz, without explaining his pessimism.
After panning Bitcoin, the longtime coffee godfather elaborated by saying the promise of blockchain—a software technology that creates a decentralized, tamper-proof ledger—would soon result in a trusted “consumer application” for digital currency.
Schultz hastily noted that Starbucks isn’t creating a digital currency nor investing in crypto assets. But he then speculated that the emergence of a “legitimate” digital currency would depend on retail stores.
“I personally believe that there is going to be a one or a few legitimate trusted digital currencies off of the blockchain technology. And that legitimacy and trust in terms of its consumer application will have to be legitimatized by a brand and a brick and mortar environment, where the consumer has trust and confidence in the company that is providing the transaction,” he said.
Schultz then brought up his earlier “clairvoyance” about “the Internet and e-commerce and the Amazon effect of things”—in order to suggest (you guessed it) that Starbucks was in a unique position to capitalize on the impending era of blockchain.
He wrapped up by requesting that the call’s participants not to ask the company’s CFO “lots of questions about this, because this is not something that’s in our model.”
Then, as if Schultz had not said anything, the call returned to ordinary analyst patter about income and tax strategies, leaving befuddled reporters wondering what the odd interlude was all about.
Some Starbucks observers may speculate that Schultz, who has been one of the most visionary corporate leaders in recent decades, was sketching out early plans to make the coffee company a pioneer in blockchain. Others might suggest Schultz switch to decaf.
You can find a transcript of his remarks, which came towards the end of the call, at SeekingAlpha (registration required).
(Reuters) – Intel Corp (INTC.O) on Thursday gave a bullish forecast and blew past Wall Street expectations for the fourth quarter on the strength of data center sales, the business it sees as key to its transformation from a PC supplier.
Intel stock rose 3.8 percent to $47.06, boosted by a 10 percent dividend hike and the forecast, which signaled that Intel is succeeding in containing fallout from recently disclosed security flaws that could allow hackers to steal data from computers.
Those flaws, dubbed Spectre and Meltdown, created global concern among technology users, and Intel acknowledged on Thursday, for the first time, that the fallout could hurt future results. But Intel executives consistently indicated that they did not expect that to happen.
Software fixes for the problems would be succeeded by solutions designed into Intel chips themselves later this year, Chief Executive Brian Krzanich said on a conference call.
In an interview ahead of Intel’s earnings call with investors, Chief Financial Officer Bob Swan said the company sees no “meaningful impact” on corporate earnings from the vulnerabilities.
“They had all these bullets flying at them with these chip flaws, but when I look at these numbers, it’s a blowout across all metrics,” said Daniel Morgan, a fund manager with Synovus Trust, which holds Intel shares. “That makes it a bulletproof quarter.”
Revenue from the company’s higher-margin data center business rose about 20 percent to $5.58 billion, beating the average analyst estimate of $5.13 billion, according to Thomson Reuters I/B/E/S. Investors had targeted 10 percent growth, said Kevin Cassidy, an analyst at Stifel.
”Data center group is one of the key metrics we are watching. It’s certainly a positive to see that turn up,” said Peter Karazeris, an analyst Intel investor Thrivent Financial.
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Revenue from Intel’s PC group hit $9 billion for the quarter, a 2 percent decline from the year before, but ticked up 3 percent for the year to $34 billion.
Intel also saw strong growth in two small non-PC businesses that it hopes to expand in the future. Its so-called internet of things business, which focuses on connecting street lights and industrial machines to the web, expanded 21 percent to $879 million for the quarter. Programmable chips, which customers like Microsoft Corp (MSFT.O) are experimenting with using in data centers, grew 35 percent to $568 million for the quarter.
Intel predicted $65 billion in revenue for 2018, well above expectations of a $63.7 billion forecast. The company also said its tax rate would be 14 percent for 2018 after changes in U.S. tax law that it executives said created a “level playing field” for U.S. manufacturers.
Intel warned in its earnings release that fallout from the discovery of Spectre and Meltdown could hurt future results, as well as customer relationships and the company’s reputation.
Analysts have said the biggest risk to Intel might come from customers using the disruption caused by fixing the bug as an excuse to press for lower prices.
The company posted a loss of $687 million, or 15 cents per share, in the fourth quarter ended Dec. 30, including a $5.4 billion charge related to recent changes in U.S. tax law.
Excluding items, the chipmaker earned $1.08 per share for the fourth quarter, up 39 percent from 79 cents a year earlier. Total revenue for the quarter rose 4.1 percent to $17.1 billion, up from $16.4 billion a year earlier.
Those figures beat analysts’ expectations of a profit of 86 cents per share on a revenue of $16.34 billion, according to Thomson Reuters I/B/E/S.
Reporting by Laharee Chatterjee in Bengaluru, Stephen Nellis in San Francisco; Additional reporting by Jim Finkle in Toronto; Editing by Peter Henderson and Lisa Shumaker