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Updated: 10 hours 14 min ago

IBM Watson Now Being Used To Catch Rogue Traders

Tue, 04/25/2017 - 12:40pm
IBM is piloting its Jeopardy-winning Watson technology as a tool for catching rogue traders at large financial institutions, executives said in an interview Monday. From a report: Referred to as Watson Financial Services, the new product will become a monitoring tool within companies to search through every trader's emails and chats, combining it with the trading data on the floor. The objective? To see if there are any correlations between suspicious conversations online and activity that could be construed as rogue trading.

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In Costly Bay Area, Even Six-Figure Salaries Are Considered 'Low Income'

Tue, 04/25/2017 - 12:00pm
An anonymous reader shares an article: In the high-priced Bay Area, even some households that bring in six figures a year can now be considered "low income." That's according to the U.S. Department of Housing and Urban Development, which recently released its 2017 income limits -- a threshold that determines who can qualify for affordable and subsidized housing programs such as Section 8 vouchers. San Francisco and San Mateo counties have the highest limits in the Bay Area -- and among the highest such numbers in the country. A family of four with an income of $105,350 per year is considered "low income." A $65,800 annual income is considered "very low" for a family the same size, and $39,500 is "extremely low." The median income for those areas is $115,300. Other Bay Area counties are not far behind. In Alameda and Contra Costa counties, $80,400 for a family of four is considered low income, while in Santa Clara County, $84,750 is the low-income threshold for a family of four.

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China To Boost Non-Fossil Fuel Use To 20 Percent By 2030

Tue, 04/25/2017 - 11:20am
An anonymous reader shares a report: China aims for non-fossil fuels to account for about 20 percent of total energy consumption by 2030, increasing to more than half of demand by 2050, its state planner said on Tuesday, as Beijing continues its years-long shift away from coal power. In a policy document, the National Development and Reform Commission (NDRC) said carbon dioxide (CO2) emissions will peak by 2030 and total energy demand will be capped at 6 billion tons of standard coal equivalent by 2030, up from 4.4 billion tons targeted for this year.

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Uber is Getting Serious About Building Real, Honest-To-God Flying Taxis

Tue, 04/25/2017 - 10:40am
An anonymous reader shares an article: When Uber first announced its crazy-sounding plan to explore "on-demand urban aviation" -- essentially a network of flying taxis that could be hailed via a smartphone app and flown from rooftop to rooftop -- the company made it clear that it never intended to go it alone. Today, as it kicked off its three-day Elevate conference in Dallas, Texas, the ride-hail company announced a slew of partnerships with cities, aviation manufacturers, real estate, and electric charging companies, in its effort to bring its dream of flying cars a little closer to reality. Uber said it will be teaming up with the governments of Dallas-Fort Worth and Dubai to bring its flying taxis to those cities first. It is also joining forces with real estate firm Hilwood Properties in Dallas-Fort Worth to identify sites where it will build takeoff and landing pads, which Uber calls "vertiports." It has signed contracts (or is in the midst of contract negotiations) with five aircraft manufacturers to work on the design and production of lightweight, electrically powered vertical takeoff and landing (VTOL) aircraft. And it launched a partnership with an electric charging company called ChargePoint, to develop charging stations for Uber's flying taxis.

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Alphabet's Self-Driving Cars To Get Their First Real Riders

Tue, 04/25/2017 - 10:00am
After almost a decade of research, Google's autonomous car project is close to becoming a real service. From a report on Bloomberg: Now known as Waymo, the Alphabet self-driving car unit is letting residents of Phoenix sign up to use its vehicles, a major step toward commercializing a technology that could one day upend transportation. For the service, Waymo is adding 500 customized Chrysler Pacifica minivans to its fleet. Waymo has already tested these vehicles, plus other makes and models, on public roads, but only with its employees and contractors as testers. By opening the doors to the general public with a larger fleet, the company will get data on how people experience and use self-driving cars -- and clues on ways to generate revenue from the technology.

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BitTorrent Inventor Bram Cohen Will Start His Own Cryptocurrency

Tue, 04/25/2017 - 9:20am
Bram Cohen, the creator of BitTorrent, has showed deep interest in cryptocurrency in the past, and now it looks like he is going to start his own. From a report: Without going into technical details, Cohen believes that Bitcoin is wasteful. He suggests that a cryptocurrency that pins the mining value on storage space rather than processor time will be superior. In an interview with TorrentFreak's Steal This Show, Cohen revealed that his interest in cryptocurrencies is not merely abstract. It will be his core focus in the near future. "My proposal isn't really to do something to BitCoin. It really has to be a new currency," Cohen says. "I'm going to make a cryptocurrency company. That's my plan." By focusing on a storage based solution, BitTorrent's inventor also hopes to address other Bitcoin flaws, such as the 51% attack. "Sometimes people have this misapprehension that Bitcoin is a democracy. No Bitcoin is not a democracy; it's called a 51% attack for a reason. That's not a majority of the vote, that's not how Bitcoin works."

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Google Looks at People As it Pledges To Fight Fake News and 'Offensive' Content

Tue, 04/25/2017 - 8:40am
Google said today it is taking its first attempt to combat the circulation of "fake news" on its search engine. The company is offering new tools that will allow users to report misleading or offensive content, and it also pledged to improve results generated by its algorithm. From a report: While the algorithm tweaks should impact on general search results, the reporting tools have been designed for Google's Autocomplete predictions and Featured Snippets which have been problematic in recent months. Updated algorithms should help to ensure more authoritative pages receive greater prominence, while low-quality content is demoted. Vice president of engineering at Google Search, Ben Gomes, admits that people have been trying to "game" the system -- working against the spirit of the purpose of algorithms -- to push poor-quality content and fake news higher up search results. He says that the problem now is the "spread of blatantly misleading, low quality, offensive or downright false information."

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How Online Shopping Makes Suckers of Us All

Mon, 04/24/2017 - 7:30pm
Thelasko shares an excerpt from a report via The Atlantic, which describes how price discrimination is used in online shopping and how businesses like Amazon try to extract consumer surplus: Will you pay more for those shoes before 7 p.m.? Would the price tag be different if you lived in the suburbs? Standard prices and simple discounts are giving way to far more exotic strategies, designed to extract every last dollar from the consumer. We live in the age of the variable airfare, the surge-priced ride, the pay-what-you-want Radiohead album, and other novel price developments. But what was this? Some weird computer glitch? More like a deliberate glitch, it seems. "It's most likely a strategy to get more data and test the right price," Guru Hariharan explained, after I had sketched the pattern on a whiteboard. The right price -- the one that will extract the most profit from consumers' wallets -- has become the fixation of a large and growing number of quantitative types, many of them economists who have left academia for Silicon Valley. It's also the preoccupation of Boomerang Commerce, a five-year-old start-up founded by Hariharan, an Amazon alum. He says these sorts of price experiments have become a routine part of finding that right price -- and refinding it, because the right price can change by the day or even by the hour. (Amazon says its price changes are not attempts to gather data on customers' spending habits, but rather to give shoppers the lowest price out there.)

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A Caterpillar May Lead To a 'Plastic Pollution' Solution

Mon, 04/24/2017 - 5:45pm
New submitter FatdogHaiku quotes a report from BBC: Researchers at Cambridge University have discovered that the larvae of the moth, which eats wax in bee hives, can also degrade plastic. Experiments show the insect can break down the chemical bonds of plastic in a similar way to digesting beeswax. The plastic is used to make shopping bags and food packaging, among other things, but it can take hundreds of years to decompose completely. However, caterpillars of the moth (Galleria mellonella) can make holes in a plastic bag in under an hour. They think microbes in the caterpillar -- as well as the insect itself -- might play a role in breaking down plastic. If the chemical process can be identified, it could lead to a solution to managing plastic waste in the environment.

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Uber Gets Sued Over Alleged 'Hell' Program To Track Lyft Drivers

Mon, 04/24/2017 - 5:05pm
An anonymous reader quotes a report from TechCrunch: Uber has another lawsuit on its hands. This time, it's about Uber's alleged use of a program called "Hell." The plaintiff, Michael Gonzales, drove for Lyft during the time Uber allegedly used the software. He's seeking $5 million in a class action lawsuit. As the story goes, Uber allegedly tracked Lyft drivers using a secret software program internally referred to as "Hell." It allegedly let Uber see how many Lyft drivers were available to give rides, and what their prices were. Hell could allegedly also determine if people were driving for both Uber and Lyft. The lawsuit, filed in the U.S. District Court for the Northern District of California, alleges Uber broadly invaded the privacy of the Lyft drivers, specifically violated the California Invasion of Privacy Act and Federal Wiretap Act and engaged in unfair competition. Uber has not confirmed nor outright denied the claims.

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Square Said To Acquire Team From Struggling Social App Yik Yak

Mon, 04/24/2017 - 4:35pm
According to Bloomberg, Square has acquired the engineering team of Yik Yak for "less than $3 million." From the report: The payments processor paid less than $3 million for between five and ten of Yik Yak's engineers, according to the person. Atlanta-based Yik Yak's Chief Executive Officer Tyler Droll will not join Square, the person added, asking not to be identified talking about a private matter. Atlanta-based Yik Yak, which started in 2013, created a smartphone app that allowed people to contribute to anonymous chat groups in a narrow geographical radius -- like college campuses.

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Slashdot Asks: Which Wireless Carrier Do You Prefer?

Mon, 04/24/2017 - 4:05pm
Earlier this year, telecommunications giants like T-Mobile, AT&T, Verizon and Sprint were battling to see who could release the best unlimited data plan(s). T-Mobile started the domino chain reaction with the launch of its "One" unlimited plan in August. But the competition became especially fierce in February when Verizon introduced unlimited data plans of their own, causing Sprint and AT&T to unveil new unlimited data plans that same week, both of which have their own restrictions and pricing. Each of the four major carriers have since continued to tweak their plans to ultimately undercut their competitors and retain as many customers are possible. Given how almost everyone has a smartphone these days and the thirst for data has never been higher, we'd like to ask you about your current wireless carrier and plan. Which wireless carrier and plan do you have any why? Is there any one carrier or unlimited data plan that stands out from the others? T-Mobile, for example, recently announced that it added 1.1 million customers in Q1 2017, which means that it has added more than 1 million customers every quarter for the past four years. Have they managed to earn your business?

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NSA's DoublePulsar Kernel Exploit a 'Bloodbath'

Mon, 04/24/2017 - 3:20pm
msm1267 quotes a report from Threatpost: A little more than two weeks after the latest ShadowBrokers leak of NSA hacking tools, experts are certain that the DoublePulsar post-exploitation Windows kernel attack will have similar staying power to the Conficker bug, and that pen-testers will be finding servers exposed to the flaws patched in MS17-010 for years to come. MS17-010 was released in March and it closes a number of holes in Windows SMB Server exploited by the NSA. Exploits such as EternalBlue, EternalChampion, EternalSynergy and EternalRomance that are part of the Fuzzbunch exploit platform all drop DoublePulsar onto compromised hosts. DoublePulsar is a sophisticated memory-based kernel payload that hooks onto x86 and 64-bit systems and allows an attacker to execute any raw shellcode payload they wish. "This is a full ring0 payload that gives you full control over the system and you can do what you want to it," said Sean Dillon, senior security analyst at RiskSense. Dillon was the first to reverse-engineer a DoublePulsar payload, and published his analysis last Friday. "This is going to be on networks for years to come. The last major vulnerability of this class was MS08-067, and it's still found in a lot of places," Dillon said. "I find it everywhere. This is the most critical Windows patch since that vulnerability." Dan Tentler, founder and CEO of Phobos Group, said internet-net wide scans he's running have found about 3.1 percent of vulnerable machines are already infected (between 62,000 and 65,000 so far), and that percentage is likely to go up as scans continue. "This is easily describable as a bloodbath," Tentler said.

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Lyrebird Claims It Can Recreate Anyone's Voice Based On Just a 1 Minute Sample

Mon, 04/24/2017 - 2:40pm
Artem Tashkinov writes: Today, a Canadian artificial intelligence startup named Lyrebird unveiled its voice imitation deep learning algorithm that can mimic a person's voice and have it read any text with a given emotion, based on the analysis of just a few dozen seconds of audio recording. The website features samples using the recreated voices of Donald Trump, Barack Obama and Hillary Clinton. A similar technology was created by Adobe around a year ago but it requires over 20 minutes of recorded speech. The company sets to open its APIs to the public, while the computing for the task will be performed in the cloud.

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Verizon's $70 Gigabit Internet Is Half the Price of Older 750Mbps Tier

Mon, 04/24/2017 - 2:00pm
An anonymous reader quotes a report from Ars Technica: Verizon is now selling what it calls "FiOS Gigabit Connection" for $69.99 a month in a change that boosts top broadband speeds and makes lower prices available to many Internet subscribers. Actual bandwidth will be a bit lower than a gigabit per second, with "downloads as fast as 940Mbps and uploads as fast as 880Mbps," Verizon's announcement today said. The gigabit service is available in most of Verizon's FiOS territory, specifically to "over 8 million homes in parts of the New York, New Jersey, Philadelphia, Richmond, Va., Hampton Roads, Va., Boston, Providence and Washington, D.C. areas," Verizon said. Just three months ago, Verizon boosted its top speeds from 500Mbps to 750Mbps. The standalone 750Mbps Internet service cost $150 a month, more than twice the price of the new gigabit tier. Existing customers who bought that 750Mbps plan "will automatically receive FiOS Gigabit Connection and will see their bills lowered," Verizon said. It's not clear whether they will get their price lowered all the way to $70. It's important to note that the $70 price is only available to new customers, and it's a promotional rate that will "increase after promo period." Additionally, Verizon will charge you a $10 per month router charge unless you pay $150 for the Verizon router, plus other taxes and fees.

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Microsoft's Nadella Banks On LinkedIn Data To Challenge Salesforce

Mon, 04/24/2017 - 1:20pm
Microsoft is rolling out upgrades to its sales software that integrates data from LinkedIn, an initiative that Microsoft CEO Satya Nadella told Reuters was central to the company's long-term strategy for building specialized business software. From the report: The improvements to Dynamics 365, as Microsoft's sales software is called, are a challenge to market leader Salesforce.com and represent the first major product initiative to spring from Microsoft's $26 billion acquisition of LinkedIn, the business-focused social network. The new features will comb through a salesperson's email, calendar and LinkedIn relationships to help gauge how warm their relationship is with a potential customer. The system will recommend ways to save an at-risk deal, like calling in a co-worker who is connected to the potential customer on LinkedIn. [...] The artificial intelligence, or AI, capabilities of the software would be central, Nadella said. "I want to be able to democratize AI so that any customer using these products is able to, in fact, take their own data and load it into AI for themselves," he said. On Monday, LinkedIn said it has surpassed 500 million members globally, one of the first big milestones for the business social network since its acquisition.

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Apple Cuts Affiliate Commissions on Apps and In-App Purchases

Mon, 04/24/2017 - 1:00pm
From a report on Mac Stories: Today, Apple announced that it is reducing the commissions it pays on apps and In-App Purchases from 7 percent to 2.5 percent effective May 1st. The iTunes Affiliate Program pays a commission from Apple's portion of the sale of apps and other media when a purchase is made with a link that contains the affiliate credentials of a member of the program. Anyone can join, but the Affiliate Program is used heavily by websites that cover media sold by Apple and app developers.

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Linux 4.11 Delayed For a Week

Mon, 04/24/2017 - 12:40pm
Linux kernel creator Linus Torvalds said over the weekend that v4.11 version of Linux has hit a speed bump in the form of "NVMe power management that apparently causes problems on some machines." The Register adds: "It's not entirely clear what caused the [NVMe] issue (it wasn't just limited to some NVMe hardware, but also particular platforms), but let's test it." Which sounds like a good idea, given that flash memory on the PCIe bus is increasingly mainstream. That problem and "a couple of really annoying" bugs mean that Torvalds has decided to do an eighth release candidate for Linux 4.11. "I did get fixes for the issues that popped up, so I could have released 4.11 as-is," Torvalds wrote, "but it just doesn't feel right."

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Ontario Launches Universal Basic Income Pilot

Mon, 04/24/2017 - 12:00pm
Reader epiphani writes: The Ontario Government will pilot universal basic income in a $50M program supporting 4,000 households over a 3 year period. While Slashdot has vigorously debated universal basic income in the past, and even Elon Musk has predicted it's necessity, experts continue to debate and gather data on the approach in the face of increasing automation. Ontario's plan will study three communities over three years, with participants receiving up to $17,000 annually if single, and $24,000 for families.

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The EPA Won't Be Shutting Down Its Open Data Website After All

Mon, 04/24/2017 - 11:20am
An anonymous reader shares an article: Scientists and data experts are closely tracking the websites of federal agencies, noting changes to pages dealing with climate change and energy since President Donald Trump took office. On Monday, they noticed an alarming message posted to the Environmental Protection Agency's (EPA) open data website, indicating it would shut down on Friday, April 28. [...] By Monday afternoon, visitors to Open Data received a different pop-up notification, which clarifies that data on the site will still be available come Friday.

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