Microsoft

Microsoft's Market Value Hits a Dot-Com Era Milestone: $600 Billion (wsj.com) 4

An anonymous reader shares a report: Microsoft's value is returning to tech-bubble peaks. The software giant closed with a market value of $600 billion Thursday for the first time since January 2000, according to the Journal's Market Data Group. Shares rose 0.4 percent to $77.91, setting a fresh all-time high. For the year, Microsoft shares are up 25% and on track for their best year since 2013, as the firm continues its rebirth as a force in cloud-computing. The firm is the third-largest S&P 500 company in market value, trailing Apple (about $800 billion) and Google's parent company, Alphabet, (about $690 billion). In July, fellow technology and internet stalwarts Facebook and Amazon.com joined the trio as the only U.S.-listed companies valued at more than in the $500 billion. The last time Microsoft was over $600 billion back in 2000, it didn't stay there for long. The tech bubble would peak in March of that year, and the Nasdaq Composite Index wouldn't climb back to the level it reach that year until 2015.
Google

On the Google Book Scanning Project and the Library We Will Never See (theatlantic.com) 30

For a decade, Google's enormous project to create a massive digital library of books was embroiled in litigation with a group of writers who say it was costing them a lot of money in lost revenue. Even as Google notched a victory when a federal appeals court ruled that the company's project was fair use, the company quietly shut down the project. From an article published in April this year: Despite eventually winning Authors Guild v. Google, and having the courts declare that displaying snippets of copyrighted books was fair use, the company all but shut down its scanning operation. It was strange to me, the idea that somewhere at Google there is a database containing 25-million books and nobody is allowed to read them. It's like that scene at the end of the first Indiana Jones movie where they put the Ark of the Covenant back on a shelf somewhere, lost in the chaos of a vast warehouse. It's there. The books are there. People have been trying to build a library like this for ages -- to do so, they've said, would be to erect one of the great humanitarian artifacts of all time -- and here we've done the work to make it real and we were about to give it to the world and now, instead, it's 50 or 60 petabytes on disk, and the only people who can see it are half a dozen engineers on the project who happen to have access because they're the ones responsible for locking it up. But Google seems to be thinking ways to make use of it, it appears. Last month, it added a new feature to its search function that instantly connects you with eBook data from libraries near you. From a report: Now, every time you search for a book through Google, information about your local library rental options will be easily available. Yeah, that's right. Your local library not only still exists, but it has eBooks, which are things you can totally borrow (for free) online! Before, this perk was hidden somewhere deep within your local library's website -- assuming it had one -- but now these free literary wonders are all yours for the taking.
Businesses

Tesla Hit With Another Lawsuit, This Time Alleging Anti-LGBT Harassment (theverge.com) 55

Earlier this week, Tesla was hit with a lawsuit for racial harassment in its factories. Now, a newer lawsuit has been filed against the company alleging anti-LGBT harassment. An anonymous reader shares a report from The Verge: A former employee at Tesla's Fremont factory filed a wrongful termination lawsuit against the electric carmaker, alleging he was fired in retaliation after seeking protection from anti-gay harassment, The Guardian reported today. The defendant, an assembly line worker named Jorge Ferro, claims he was taunted for being gay and threatened with violence. "Watch your back," one supervisor told him after mocking his "gay tight" clothing, the paper said. After complaining to an HR representative, Ferro was repeatedly moved to different assembly lines, but the harassment didn't stop. Ultimately, HR told him there was "no place for handicapped people at Tesla" after noticing an old scar on his wrist, according to The Guardian. He was sent home, and eventually terminated. In a strongly worded statement to the paper, Tesla denied the allegations and defended itself against the charges. "There is no company on earth with a better track record than Tesla," a spokesperson said.
Power

First Mass-Produced Electric Truck Unveiled (nhk.or.jp) 63

AmiMoJo shares a report from NHK WORLD: Japan's Mitsubishi Fuso Truck and Bus has unveiled what it says is the world's first mass-produced electric truck, as automakers around the world go all out to develop cars that run on battery power. The vehicle can carry about 3 tons of cargo and travel about 100 kilometers on a single charge. The truck, unveiled on Thursday, will be used by Japan's largest convenience store chain, Seven-Eleven. Seven-Eleven President Kazuki Furuya says some people complain about the noise delivery vehicles make, and says he is very impressed at how quiet the electric truck is.
Space

Blue Origin Successfully Test Fires Game-Changing BE-4 Rocket Engine (geekwire.com) 58

Jeff Bezos' Blue Origin space venture has successfully test-fired its BE-4 rocket engine, marking a key step in the development of its own New Glenn rocket as well as United Launch Alliance's next-generation rocket. GeekWire reports: ULA has been waiting for months to get good news about the BE-4 tests in West Texas. The company wanted to see a successful full-scale test before going ahead with plans to use the BE-4 engine on its Vulcan rocket, which is due to have its first flight in 2019. A Blue Origin competitor, Aerojet Rocketdyne, has been waiting in the wings with its AR1 engine, which ULA saw as a "Plan B" for the Vulcan in case the BE-4 faltered. Wednesday's initial hot-firing didn't reach full power or full duration, but the test's success nevertheless reduces the likelihood that ULA would turn to the AR1. The BE-4 engine, which uses liquefied natural gas as fuel, is built at Blue Origin's production facility in Kent, Wash., and shipped down to Texas for testing. Assuming that it's accepted for ULA's use, engine production will eventually shift to a factory in Huntsville, Ala. Engines for the orbital-class New Glenn rocket will go to Blue Origin's rocket factory in Florida, which is due to be completed by the end of this year.
Facebook

Facebook Security Chief Says Its Corporate Network Is Run 'Like a College Campus' (zdnet.com) 50

An anonymous reader quotes a report from ZDNet: Facebook's security chief has told employees that the social media giant needs to improve its internal security practices to be more akin to a defense contractor, according to a leaked recording obtained by ZDNet. Alex Stamos made the comments to employees at a late-July internal meeting where he argued that the company had not done enough to respond to the growing threats that the company faces, citing both technical challenges and cultural issues at the company. "The threats that we are facing have increased significantly and the quality of the adversaries that we are facing," he said. "Both technically and from a cultural perspective I don't feel like we have caught up with our responsibility. The way that I explain to [management] is that we have the threat profile of a Northrop Grumman or a Raytheon or another defense contractor, but we run our corporate network, for example, like a college campus, almost," he said.
Education

Could VR Field Trips Replace the Real Thing? (theindychannel.com) 72

turkeydance shares a report from RTV6, which cites a new editorial in the journal Science that explores the question, "Could VR field trips replace the real thing?" Virtual field trips have been around for a while, but they used to be pretty boring: some photos, some text -- basically a Wikipedia entry. But they've come a long way. Nearpod and Google Expeditions let students immerse themselves in places they couldn't normally visit, like Antarctica or even Mars. These virtual field trips are safer and easier to organize than real outings, and they might soon be cheaper, too. Douglas McCauley, assistant professor of ecology at the University of California, Santa Barbara, says traditional field trips have already declined under budget constraints, so schools might be tempted to simply make a switch. McCauley says he's excited about the possibilities of VR. Taking students back to prehistoric times or forward to witness the results of climate change could be a powerful teaching tool.
Advertising

Senators Announce New Bill That Would Regulate Online Political Ads (theverge.com) 126

An anonymous reader quotes a report from The Verge: As tech companies face continued scrutiny over Russian activity on their ad platforms, Senators today announced legislation meant to regulate political ads on the internet. The new bill, called the Honest Ads Act, would require companies like Facebook and Google to keep copies of political ads and make them publicly available. Under the act, the companies would also be required to release information on who those ads were targeted to, as well as information on the buyer and the rates charged for the ads. The new rules would bring disclosure rules more in line with how political ads are regulated in mediums like print and TV, and apply to any platform with more than 50 million monthly viewers. The companies would be required to keep and release data on anyone spending more than $500 on political ads in a year. It's unclear how well the bill will fare. Companies like Facebook have been successfully fighting regulations for years. But this latest attempt has some bipartisan support: the act, sponsored by Sen. Amy Klobuchar (D-MN) and Sen. Mark Warner (D-VA) is also co-sponsored by Sen. John McCain (R-AZ). "Americans deserve to know who's paying for the online ads," Klobuchar said at a press conference announcing the legislation.
DRM

Denuvo's DRM Now Being Cracked Within Hours of Release (arstechnica.com) 84

Denuvo, an anti-tamper technology and digital rights management scheme, isn't doing a very good job preventing PC games from being copied. According to Ars Technica, Denuvo releases are being publicly cracked within a day of their launch. From the report: This week's release of South Park: The Fractured but Whole is the latest to see its protections broken less than 24 hours after its release, but it's not alone. Middle Earth: Shadow of War was broken within a day last week, and last month saw cracks for Total War: Warhammer 2 and FIFA 18 the very same day as their public release. Then there's The Evil Within 2, which reportedly used Denuvo in prerelease review copies but then launched without that protection last week, effectively ceding the game to immediate potential piracy. Those nearly instant Denuvo cracks follow summer releases like Sonic Mania, Tekken 7, and Prey, all of which saw DRM protection cracked within four to nine days of release. But even that small difference in the "uncracked" protection window can be important for game publishers, who usually see a large proportion of their legitimate sales in those first few days of availability. The presence of an easy-to-find cracked version in that launch window (or lack thereof) could have a significant effect on the initial sales momentum for a big release. If Denuvo can no longer provide even a single full day of protection from cracks, though, that protection is going to look a lot less valuable to publishers.
Verizon

Verizon Loses 18,000 Pay TV Subscribers, Signals Delay For Live TV Streaming Service (hollywoodreporter.com) 35

Verizon announced on Thursday that its FiOS video service lost 18,000 net pay TV subscribers in the third quarter, compared with the addition of 36,000 subscribers in the year-ago period and 15,000 subscriber drop in the second quarter. Hollywood Reporter reports: The company said the drop in the latest quarter was "reflecting the ongoing shift from traditional linear video to over-the-top offerings." Verizon, led by chairman and CEO Lowell McAdam, ended the third quarter with a total of 4.6 million subscribers to its FiOS video service, which competes with cable and satellite TV companies. Asked about a planned over-the-top (OTT) TV service from Verizon, Ellis said that the company continues to feel that "there's an opportunity for us to play," but signaling a delay, he emphasized that the company "doesn't want to launch a me-too product." He didn't provide any guidance on when the OTT service would launch, saying that was still "TBD" (to be determined), or what content it could offer beyond saying it was likely to be built "around live programming." Verizon also reported Thursday that it added 66,000 net new FiOS broadband connections in the third quarter to end it with 5.8 million.
Google

How Google's Pixel 2 'Now Playing' Song Identification Works (venturebeat.com) 94

An anonymous reader shares a report from VentureBeat, written by Emil Protalinski: The most interesting Google Pixel 2 and Pixel 2 XL feature, to me, is Now Playing. If you've ever used Shazam or SoundHound, you probably understand the basics: The app uses your device's microphone to capture an audio sample and creates an acoustic fingerprint to compare against a central song database. If a match is found, information such as the song title and artist are sent back to the user. Now Playing achieves this with two important differentiators. First, Now Playing detects songs automatically without you explicitly asking -- the feature works when your phone is locked and the information is displayed on the Pixel 2's lock screen (you'll eventually be able to ask Google Assistant what's currently playing, but not yet). Secondly, it's an on-device and local feature: Now Playing functions completely offline (we tested this, and indeed it works with mobile data and Wi-Fi turned off). No audio is ever sent to Google.
The Almighty Buck

Amazon Spends $350K On Seattle Mayor's Race (jeffreifman.com) 49

reifman writes: Until this summer, Amazon had never contributed more than $15,000 to a city political campaign in Seattle, but this year's different. The company is a lead funder in the Seattle Chamber of Commerce's PAC which dropped $525,000 Monday on Jenny Durkan's PAC, the centrist business candidate. Her opponent Cary Moon is an advocate for affordable housing, which complicates Amazon's growth, and city-owned community broadband. Comcast and Century Link joined Amazon contributing $25,000 and $82,500 respectively to the Chamber's PAC. Amazon's $350,000 contribution represents .00014 of its CY 2016 net profit.
China

Apple Watch's LTE Suspended In China Possibly Due To Government Security Concerns (appleinsider.com) 17

The Apple Watch Series 3's best new feature has been mysteriously blocked in China. According to a report from The Wall Street Journal, China has cut off the Apple Watch's LTE connectivity on Sept. 28 after brief availability from China Unicom. Industry analysts claim that the suspension is probably from governmental concerns about not being able to track and confirm users of the device. AppleInsider reports: Apple issued a brief statement confirming the situation, and referring customers to China Unicom. Neither China Unicom, nor Chinese regulators have made any statement on the matter. The issue may stem from the eSIM in the Apple Watch. Devices like the iPhone have state-owned telecom company-issued SIM cards -- and the eSIM is embedded in the device by Apple. "The eSIM (system) isn't mature enough yet in China," one analyst said. "The government still needs to figure out how they can control the eSIM." The LTE version of the Apple Watch had only a trial certificate to operate on the Chinese LTE network. An analyst who asked not to be identified expects that Ministry of Industry and Information Technology may take months to figure out how the government will deal with the eSIM, and issue a formal certificate for operation.
Businesses

Almost Half of Tech Workers Worry About Losing Their Jobs Because of Ageism, Says Survey (siliconbeat.com) 195

An anonymous reader quotes a report from SiliconBeat: More than 40 percent of tech workers worry about losing their jobs because of age, a new survey shows. Jobs site Indeed also found that 18 percent of those who work in the tech industry worry "all the time" about losing their jobs because of ageism. The release of the survey Thursday comes amid other news about diversity -- or lack thereof -- in tech workplaces. Often when we report about diversity issues, readers wonder about older workers. The Indeed survey offers insight into the age of the tech workforce: It's young. Indeed concluded from surveying more than 1,000 respondents in September that the tech workforce is composed of about 46 percent millennials, with 36 percent of respondents saying the average employee age at their company is 31 to 35, and 17 percent saying that the average worker age at their company is 20 to 30. What about Generation X and baby boomers? Twenty-seven percent of respondents said the average age of employees at their company is 36 to 40, while 26 percent of respondents said the workers at their companies are 40 and older.
Businesses

Alphabet Invests $1 Billion In Lyft (cnet.com) 14

Lyft announced Thursday that Google-parent Alphabet is leading a $1 billion financing round into the ride-hailing company. This ups Lyft's valuation from $7.5 billion to $11 billion. The funding is coming from CapitalG, one of Alphabet's investment firms. CNET reports: "CapitalG is honored to work with Lyft's compelling founders and strong leadership team," David Lawee, CapitalG partner, said in a statement. "Ridesharing is still in its early days and we look forward to seeing Lyft continue its impressive growth." Compared with Uber, Lyft has long been the small dog in the ride-hailing world. Before now, it's received $2.6 billion in venture funding, whereas Uber has received $12.9 billion and is valued at $68 billion. Alphabet's investment in Lyft could be a sore spot for rival Uber. Uber is currently locked in a legal battle with Waymo.

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