Archive for the 'Economy' Category
Volkswagen Partners with Nvidia to Expand Its Use of AI Beyond Autonomous Vehicles
June 27th, 2017Use AI to fire workers, in other words. Via: TechCrunch: Volkswagen is working with Nvidia to expand its usage of its artificial intelligence and deep learning technologies beyond autonomous vehicles and into other areas of business, the two companies revealed today. VW set up its Munich-based data lab in 2014. Last year it pushed on […]
Mark Zuckerberg: Facebook Can Play a Role that Churches and Little League Once Filled
June 27th, 2017I’ll see you down at Reverend Wayne’s Pearly Gates. Via: CNBC: Mark Zuckerberg wants Facebook groups to play an important role that community groups like churches and Little League teams used to perform: Bringing communities together. And with nearly 2 billion people around the world on Facebook today, he might have a chance to make […]
EU Has Fined Google $2.7 Billion for Manipulating Search Results
June 27th, 2017Via: Recode: The European Union slapped Google with a record-breaking $2.7 billion fine on Tuesday, charging that the U.S. tech giant had manipulated search results in a way that gives an “illegal advantage” to its own services while harming the company’s rivals. The punishment — announced at a press conference by Margrethe Vestager, the EU’s […]
Amazon Robots Poised to Revamp How Whole Foods Runs Warehouses
June 26th, 2017Via: Bloomberg: In negotiations, Amazon spent a lot of time analyzing Whole Foods’ distribution technology, pointing to a possible way in which the company sees the most immediate opportunities to reduce costs, said a person familiar with the matter who asked not to be identified because the issue was private. Amazon, through a spokesman, declined […]
France to Ban All New Oil and Gas Exploration; Reduce Nuclear Power Use
June 24th, 2017Via: Independent: France is to stop granting licences for oil and gas exploration as part of a transition towards environmentally-friendly energy being driven by Emmanuel Macron’s government. Nicolas Hulot, the “ecological transition” minister said a law would be passed in the autumn. “There will be no new exploration licences for hydrocarbons,” he told BFMTV. The […]
Google Will Stop Reading Your Emails for Gmail Ads
June 24th, 2017Via: Bloomberg: Google is stopping one of the most controversial advertising formats: ads inside Gmail that scan users’ email contents. The decision didn’t come from Google’s ad team, but from its cloud unit, which is angling to sign up more corporate customers. Alphabet Inc.’s Google Cloud sells a package of office software, called G Suite, […]
How Just 14 People Make 500,000 Tons of Steel a Year in Austria
June 21st, 2017Via: Bloomberg: The plant, a two-hour drive southwest of Vienna, will need just 14 employees to make 500,000 tons of robust steel wire a year—vs. as many as 1,000 in a mill with similar capacity built in the 1960s. Inside the facility, red-hot metal snakes its way along a 700-meter (2,297-foot) production line. Yet the […]
Life and Death in Apple’s Forbidden City
June 18th, 2017In other news, Taiwan’s Foxconn, Assembler of iPhones, Considering Wisconsin Plant. Via: Guardian: In an extract from his new book, Brian Merchant reveals how he gained access to Longhua, the vast complex where iPhones are made and where, in 2010, unhappy workers started killing themselves. Research Credit: EG
Australia: Tesla Powerpack Trial on Transgrid Network
June 17th, 2017Via: Electrek: Now we learn that Tesla has won the latest contract with Transgrid, the company operating the NSW transmission grid, in order to deploy Powerpack stations at several sites across New South Wales. They announced this week that the first installation will be a relatively small 250kW/500KWh Powerpack station at the City of Sydney’s […]
Amazon to Acquire Whole Foods for $13.7 Billion
June 16th, 2017Via: Bloomberg: Amazon.com Inc. will acquire Whole Foods Market Inc. for $13.7 billion, a bombshell of a deal that catapults the e-commerce giant into the supermarket business with hundreds of stores across the U.S. Amazon agreed to pay $42 a share in cash for the organic-food chain, including debt, a roughly 27 percent premium to […]
