Bill Gates Has Some Harsh Words for Alexandria Ocasio-Cortez’s Tax Plan Bill Gates says he’s fine with the idea of higher taxes for the rich, but plans like the one being championed by Alexandria Ocasio-Cortez, which target the top income brackets, are too extreme—and could encourage the wealthy to hide their money in offshore accounts. Gates, in an interview with The Verge, didn’t mention Ocasio-
Another vehicle is facing a recall over unintended acceleration, although this one affects very young drivers. Fisher-Price is recalling 44,000 Power Wheels Barbie Campers due to a malfunctioning gas pedal that poses “an injury hazard,” according to the Consumer Product Safety Commission. The commission Wednesday issued recall instructions. The commission said the small pink car could continue run
Facebook’s Chief A.I. Scientist Yann LeCun On the Future of Computer Chips, Lawnmowers, and Deep Learning Facebook’s chief artificial intelligence scientist Yann LeCun helped spearhead the rise of deep learning, the cutting-edge AI technology used by companies like Google and Amazon to quickly translate languages and identify objects in photos. At the core of deep learning is software called a neu
Spotify is in advanced talks to acquire Gimlet Media, the Brooklyn-based narrative podcast company, for more than $200 million in cash, according to Recode. Gimlet has raised approximately $28.5 million in venture funding from investors including WPP, Stripes Group, LionTree Partners, Graham Holdings, Betaworks, Cross Culture Ventures, and Lowercase Capital. Two years ago, the startup was reported
Amazon Will Pay a Whopping $0 in Federal Taxes on $11.2 Billion Profits
Amazon Will Pay a Whopping $0 in Federal Taxes on $11.2 Billion Profits Those wondering how many zeros Amazon, which is valued at nearly $800 billion, has to pay in federal taxes might be surprised to learn that its check to the IRS will read exactly $0.00. According to a report published by the Institute on Taxation and Economic (ITEP) policy Wednesday, the e-tail/retail/tech/entertainment/everyt
Wanted: privacy software engineers, privacy officers, and privacy attorneys. In fact, anything with “privacy” in the title will do. Data privacy workers have become hot commodities in the business world as legislators and consumers increasingly call for stronger data protection. Companies are increasingly hiring people who are specialized in privacy in one way or another—or are at least emphasizin
Though the larger trade battle between the United States and China may be winding down, the U.S. government’s campaign against Chinese telecom equipment maker Huawei seems to be heating up. A delegation of U.S. officials arrived at the Mobile World Congress trade show in Barcelona this week to lobby telecommunications carriers across the globe not to use Huawei equipment, which they claim is vulne
Amazon and Walmart Team Up to Fight New Indian E-Commerce Rules
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Netflix sparked joy…as well as social media buzz, memes, and possibly sales trends with its recent debut of Tidying Up With Marie Kondo. Inspired by Kondo’s “KonMari” method for decluttering and organizing living spaces with an emphasis on sentimental value, the feel-good show is striking a connection with viewers, not only inspiring them to purge their closets, but perhaps rethink their spending
Banned from CES, Ose Sex Toy Maker Accuses Showrunners of Sexism CES 2019 has largely been free of controversy this year, but the maker of an upcoming adult novelty is accusing the group that runs the show of having “double standards” when it comes to technology involving pleasure products. The Ose, an adult novelty from start-up Lora DiCarlo, initially won a CES Innovation Award, but later had th
Russia Is Considering a Shift to Bitcoin to Limit the Impact of U.S. Sanctions, Report Says Russia is reportedly planning to replace the U.S. dollar with Bitcoin as its reserve currency in a bid to limit the impact of US sanctions imposed on the country. Last week, the cryptocurrency news site Micky quoted a Russian economist with ties to the Russian government as saying that U.S. sanctions on the
Brad Garlinghouse, CEO of Ripple, at the Goldman Sachs Technology and Internet Conference in San Francisco on Feb. 13, 2018. The digital money known as XRP finished 2018 as the second most valuable cryptocurrency after Bitcoin, and its boosters believe it will be a key part of the world’s banking system. But there’s a catch: It’s still not clear what XRP is for. On Tuesday, the company Ripple—whic
New chip-enabled credit cards, which were rolled out to U.S. consumers starting in 2015, were supposed to put an end to rampant credit card fraud. So much for that. A new report from the research firm Gemini Advisory has found that, of more than 60 million cases of credit card theft in the last 12 months, a whopping 93% of the stolen cards had the new chip technology. This represents a major setba
PayPal co-founder Peter Thiel thinks Silicon Valley’s leadership in innovation in tech could be nearing an end. Speaking at the New York Times DealBook conference on Thursday, Thiel suggested that Silicon Valley has become too insular and subject to groupthink to be capable of “breakthrough innovation.” “There’s a sense that the network effects that made Silicon Valley good have gone haywire,” he
Hacks on a Plane: Researchers Warn It’s Only ‘a Matter of Time’ Before Aircraft Get Cyber Attacked ELIZABETH, NJ - MAY 15: A United Airlines airplane passes through clouds on approach to Newark Liberty Airport on May 15, 2017, as seen from Elizabeth, New Jersey. (Photo by Gary Hershorn/Getty Images) Since 9/11, airlines, airports and government agencies have introduced many travel security measure
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Microsoft’s $7.5 Billion GitHub Acquisition Is One of Its Biggest Bets Yet Microsoft’s $7.5 billion acquisition of open-sourced software platform Github is now one of the giant’s largest purchases ever — just behind its $28.1 billion buyout of LinkedIn and its less applauded $8.5 billion deal for Skype. That’s based on a list from financial analytics firm Dealogic, excluding deals in which Microso
The next frontier for artificial intelligence may involve teaching computers to distinguish albacore tuna from its yellowfin cousin. The Nature Conservancy, an environmental non-profit, is working with several Pacific Island nations and a big tuna fishing company to more easily count and identify fish caught at sea using cutting edge technology. The goal is to use trendy artificial intelligence te
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