Bloomberg Bitcoin futures may be more important than many in the market appreciate, according to JPMorgan Chase & Co. Recent reports from cryptocurrency asset manager Bitwise and the Blockchain Transparency Institute indicate that only a small percentage of reported trading may be authentic. If only around 5% of reported May trading of $725 billion is genuine, it would imply that ...
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Pinterest latest firm drawn into US culture wars
Bloomberg An effort by the social media company Pinterest to limit the spread of medical conspiracy theories blocked one of the most prominent anti-abortion groups in the US from sharing its content on the site. And it’s put the social media company squarely in the middle of today’s culture wars. The anti-abortion organisation, Live Action, and conservative activist James O’Keefe ...
Read More »â€˜GM, Fiat Chrysler are Tesla’s secret source of cash’
Bloomberg For years, Tesla Inc. has hauled in revenue by selling credits to other carmakers that needed to offset sales of polluting vehicles to US consumers. These sorts of transactions have largely been shrouded in secrecy — until now. General Motors Co. and Fiat Chrysler Automobiles NV disclosed to the state of Delaware earlier this year that they reached agreements ...
Read More »Amazon unveils new drone for deliveries
Bloomberg Amazon.com Inc has unveiled a revolutionary new drone — part helicopter and part science-fiction aircraft — that the company expects to use for test deliveries of toothpaste and other household goods starting within months. The new device takes off vertically, then tilts to fly horizontally like a plane. It also features artificial intelligence, using a suite of sensors the ...
Read More »Walmart to put groceries in the fridge while you’re out
Bloomberg Walmart Inc already sells more food than anyone else. Now it wants to put those groceries right in your fridge. Beginning this fall, about 1 million people in Pittsburgh, Kansas City, and Vero Beach, Florida, will be able to get cereal and celery while away from home. Walmart staffers — sporting wearable cameras — will arrive in company-owned cars ...
Read More »Driverless delivery vans are here as China production begins
Bloomberg Forget drones. The future of deliveries may be robo-vans. A Chinese startup called Neolix kicked off mass production of its self-driving delivery vehicles — saying it’s the first company globally to do so — and has lined up giants such as JD.Com Inc and Huawei Technologies Co as customers. Neolix expects to deliver a thousand of the vehicles, which ...
Read More »Volvo invests in VR startup to help dodge virtual moose
Bloomberg Volvo Cars has made a multi-million euro investment in Varjo Technologies Oy, whose headset with screens and cameras can be used to allow engineers to test-drive cars to dodge hazards such as virtual moose. Varjo — founded by Nokia Oyj and Microsoft alumni — has been developing an augmented-reality headset with a significantly higher image resolution than those produced ...
Read More »Alexa users can delete voice commands now
Bloomberg Amazon.com Inc is updating its Alexa voice software to let users delete recordings of their voice using a spoken command, a move that follows criticism of the company’s privacy practices related to its digital assistant. A set of updates offers users who have opted in online the ability to say “Alexa, delete everything I said today,†or, in a ...
Read More »Microsoft unveils PC game subscription
Bloomberg Microsoft Corp will begin selling a subscription service for personal computer video games, two years after unveiling a similar offering for the Xbox console. Xbox Game Pass for PC offers access to more than 100 titles on Windows 10 for a monthly fee, rather than requiring individual purchases. They include games from studios including Bethesda, which makes the “Elder ...
Read More »Amazon’s new device aims to read human emotions
Bloomberg Amazon.com Inc is developing a voice-activated wearable device that can recognise human emotions. The wrist-worn gadget is described as a health and wellness product in internal documents reviewed by Bloomberg. It’s a collaboration between Lab126, the hardware development group behind Amazon’s Fire phone and Echo smart speaker, and the Alexa voice software team. Designed to work with a smartphone ...
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