Uber Execs Traveling Globe to Reassure Regulators After Controversies

Uber Execs Traveling Globe to Reassure Regulators After Controversies

Uber executives are travelling the globe to reassure regulators that the company is changing the way it does business, after a string of controversies, including a data breach, hurt the ride-hailing firm’s reputation, its Asian head said on Monday.

“We’ve learned very quickly and we’re tacking very quickly,” Brooks Entwistle, Uber Technologies Inc’s recently appointed chief business officer for Asia Pacific, told Reuters in an interview at the company’s offices in Tokyo where he is meeting Japanese regulators.

Uber this month disclosed that it covered up a 2016 data breach which compromised data of some 57 million customers and drivers. That revelation prompted governments around the world to launch probes into Uber’s handling of the matter.

In the meanwhile, Uber plans to move ahead with a deal to bring in Japanese technology company SoftBank Group as a major investor by disclosing the pricing early next week in formal tender offers to the ride-hailing service’s investors, two people familiar with the plans said on Friday.

The start of the tender follows Uber’s disclosure of the 2016 data breach. The people familiar with the plans did not say how much investors would be offered for the shares, or say if the price had been cut do to the breach or governments’ response to the disclosure.

Investors will have 20 business days, or about a month, to respond to emails and letters to be sent early next week, said one of the sources, who declined to be named because they were not authorized to discuss terms before they are public.

[“Source-gadgets.ndtv”]

After Galaxy Note 8, Samsung plans to launch a foldable Galaxy Note phone in 2018: Report

Samsung plans to launch a foldable Galaxy Note next year

Samsung announced the Galaxy Note 8 – the phablet that succeeds last year’s Note 7 in India on Tuesday at a price tag of Rs 67,990. Soon after the launch of the new flagship device by the South Korean smartphone maker, rumours are that the company has started working on its next Galaxy device. No it not note Note 9, instead the South Koran smartphone maker is gearing up to announce a phone with bendable display. Going by the rumours floating on the internet, Samsung is reportedly planning to launch the foldable phone by mid-next year i.e 2018. This bit of information comes from Samsung mobile chief executive — DJ Koh. Although, Samsung is yet to confirm the making of the phone.

DJ Koh reportedly said that the foldable smartphone that Samsung is planning to bring in 2018 will be launched under its Galaxy Note brand. He further adds that Samsung is targeting 2018 for the launch of a phone with bendable display. But then there are several hurdles, he notes. Koh didn’t explain the hurdles though.

But Koh did say that if the hurdle rises, chances are that the company may push the launch date. The reports claim that Samsung will launch the phone with bendable display – name of which is still unknown by mid next year. It further highlights that the foldable smartphone is expected to enter production during the fourth quarter of 2017. Koh didn’t reveal any further details about the bendable phone as of now.

Also Read: Samsung Galaxy Note 8 launched at Rs 67,900: Specs, features and everything to know

Samsung’s aim to launch a bendable phone is nothing new. There have been a lot of rumours circulating on the same for a long time now. Some previously leaked reports suggest that Samsung’s upcoming foldable smartphone will probably be called – Galaxy X. This foldable phone was first spotted in a patent filing last year. The app showed that the phone will boast a sleek design. Some reports also claimed that the foldable phone can be — “folded or unfolded semi automatically.”

Reports are also such that the foldable phone or the Galaxy X is expected to come with artificial intelligence-enabled speaker, which Samsung may announce very soon. This upcoming speaker by Samsung is said to counter Amazon Echo, Google Home and Apple HomePod.

Meanwhile Samsung recently launched the Galaxy Note 8 in India. The phablet succeeds the Note 7 and comes with a stylus — the S Pen. In India, the Galaxy Note 8 will be available for buying starting from September 21 — with pre-orders beginning from today — both online and offline in Midnight Black and Maple Gold colour options. The phablet will be available exclusively via Samsung’s own store and Amazon India. The Galaxy Note 8 comes with 6.3-inch infinity display and dual rear cameras. The phone runs on the Android Nougat OS and is powered by Qualcomm’s Snapdragon 835 processor.

[“Source-indiatoday”]

US markets lower after tech reversal from record highs

Businessman sleeping with bear with down trend graph

US markets closed lower on Thursday after technology sector rolled over.

The Nasdaq composite closed 0.6% lower at 2,475.42 and fell more than 1% earlier in the session. The S&P 500 also closed lower at 6,382.19, slipping 0.1% as tech stocks dropped 0.8 % to lead decliners.

The tech sector had notched an intraday record earlier in the session, along with the Nasdaq and the S&P.

Tech faced pressure as investors took profits off the table following strong earnings from companies in the space.

The Dow Jones Industrial Average, outperformed, closing 85.54 points higher at 21,796.55 level and notching intraday and closing records.

Meanwhile, initial jobless claims came in at 244,000, slightly above the expected 240,000. Durable goods orders, meanwhile, rose 6.5% in June.

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

[“Source-indiainfoline”]

After Musk Remark, Zuckerberg Shares One Reason Why He’s So Optimistic About AI

After Musk Remark, Zuckerberg Shares One Reason Why He's So Optimistic About AI

HIGHLIGHTS

  • The battle of billionaire geeks continues
  • After Musk insulted Zuckerberg, Facebook chief executive has responded
  • Zuckerberg says he remains optimistic about AI

Hours after billionaire Elon Musk made a public aspersion about Mark Zuckerberg’s knowledge, by saying Facebook chief executive’s understanding of artificial intelligence is “limited,” Zuckerberg has reaffirmed why he is so optimistic about the nascent technology. To recall, Musk was responding to Zuckberberg’s comments made during a Facebook Live broadcast, where the Facebook CEO called out naysayers.

In a public post, Zuckerberg congratulated his company’s AI research division for winning the best paper award at the “top” computer vision conference for research in “densely connected convolutional networks” subject.

In the same post, Zuckerberg shared “one reason” why he is so optimistic about AI. These efforts, he said, could bring “improvements in basic research across so many different fields — from diagnosing diseases to keep us healthy, to improving self-driving cars to keep us safe, and from showing you better content in News Feed to delivering you more relevant search results.”

“Every time we improve our AI methods, all of these systems get better. I’m excited about all the progress here and it’s potential to make the world better,” Zuckerberg said, whose company already uses a range of AI-powered tools to, among other things, serve relevant posts to around two billion people on the planet.

Zuckerberg’s remarks comes merely hours after Tesla and Space X founder and CEO Elon Muskcriticised Zuckerberg’s inability to foresee the evil side of artificial intelligence. Musk believes that all these AI efforts need to be regulated by the government, as otherwise there is a chance one day these AI-powered robots would kill humans, in what he describes as the “doomsday” scenario.

Over the weekend, in a Facebook Live session, Zuckerberg without calling out Musk, said “naysayer’s” predictions about “doomsday scenarios” were “irresponsible.” When a user asked about Musk’s views on Zuckeberg’s remarks, Musk tweeted Tuesday that he has spoken to Mark Zuckerberg and reached the conclusion that his understanding of AI is limited.

[“Source-gadgets.ndtv”]