|Day's Range||34.39 - 34.39|
BANGKOK/JAKARTA (Reuters) - Southeast Asian governments are banding together to take on global tech giants on issues including "fake news" and taxation, marking a new stage in the region's approach to the internet's explosive growth. The stakes are high both for the governments, which are counting on the digital economy to drive growth and innovation amid domestic political tensions, and the companies, which view Southeast Asia's social-media-loving population of 641 million as a key growth market. The new initiatives, which have not previously been reported, include an effort by Indonesia to join forces with Thailand, Vietnam and the Philippines in demanding action from Google, Facebook and other companies on content regulation and tax policy.
U.S. stock futures rise after U.S. Treasury Secretary Steven Mnuchin confirms that trade talks between the U.S. and China would resume the week of Oct. 7; Nike reports earnings; Boeing to pay crash victims' families $144,500 each; Facebook buys CTRL-labs.
Facebook has agreed to acquire CTRL-labs, a US start-up that is developing technology to let people control electronic devices with their brains. , Facebook’s head of virtual reality and augmented reality, said the acquisition was part of a bid to build “more natural, intuitive ways to interact with devices and technology”. “The vision for this work is a wristband that lets people control their devices as a natural extension of movement,” he said.
Facebook Inc. said late Monday it agreed to buy a startup that would let people control computers with their brains – a long-stated goal by Chief Executive Mark Zuckerberg.
(Bloomberg) -- Facebook Inc.’s Sheryl Sandberg said social media companies are investing money and stepping up cooperation to blunt violent extremists on their sites, an effort likely to be aided by revamping a tech industry counter-terror group.The Global Internet Forum to Counter Terrorism (GIFCT), begun in 2017 by Facebook, Microsoft Corp., Twitter Inc. and Google’s YouTube, said Monday it will hire an executive director and staff with the aim of increasing cooperation among its companies and with government agencies in the battle against terrorism and violence on the platforms. The organization, funded by industry contributions, has up to this point been run by a rotating chair drawn from one of the four founding companies.Group members met Monday with New Zealand Prime Minister Jacinda Ardern at the United Nations General Assembly to discuss steps taken since the Christchurch Call to Action -- a pledge to limit violence after fatal mosque shootings in the country in March were live-streamed on Facebook and the video was re-shared across several sites.“Today we will report progress against that call, outline where more work is needed and commit to continuing with our collaboration,” Ardern said at an appearance with Sandberg, Facebook’s chief operating officer.Through the GIFCT, tech companies have collaborated on tools to prevent and respond to terrorist and violent extremist content, and funded counter-terrorism research. Amazon.com Inc., Microsoft’s LinkedIn and Facebook’s WhatsApp have joined the effort, the group said in a blog post.Sandberg said Facebook’s announced move to rebuild many of its features to highlight user privacy, for example making it easier to send encrypted messages, must be balanced by the need to prevent extremist attacks.“And so our challenge is to provide the technology that’s very important for consumer privacy, for consumer safety, for the privacy of people’s messages, but still work with law enforcement,” Sandberg said. “One of the things that helps us is that because we have multiple platforms, some encrypted like WhatsApp, some that are not like Facebook and Instagram, we are often able to find people on one and then take them down off of the encrypted platforms.”Last week, representatives from Facebook, Alphabet Inc.’s Google and Twitter testified before Congress about their efforts to remove violent content. On Friday, multiple outlets reported that videos of the Christchurch attack could still be found on Facebook.Responding to those reports, Sandberg said, “we have tried as hard as possible to get things down. We will continue to look for every instance to get it down. That’s why we’re making massive investments.”(Updates with comments from Sandberg in the seventh paragraph)To contact the reporter on this story: Kiley Roache in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew Pollack, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The building, which is located close to some of the Puget Sound region's most well-known tech employers, will be renamed.
A global working group set up by Facebook, Twitter, YouTube, and Microsoft to remove extremist content will become an independent watchdog working "to respond quicker and work more collaboratively to prevent" attacks like Christchurch, New Zealand Prime Minister Jacinda Ardern said on Monday. Ardern has pushed for stronger action since New Zealand's worst peacetime mass shooting in March, when a gunman attacked Muslims attending Friday prayers in Christchurch. "In the same way that we respond to natural emergencies like fires and floods, we need to be prepared and ready to respond to a crisis like the one we experienced," Ardern told reporters on the sidelines of the annual United Nations gathering of world leaders.
Facebook Inc said on Monday it bought New York-based CTRL-labs, a start-up that is exploring ways for people to communicate with computers using brain signals, in a deal that CNBC said was valued at $1 billion. Facebook Vice President of AR/VR Andrew Bosworth announced the deal in a Facebook post. CTRL-labs will join Facebook Reality Labs team, Bosworth said, without giving any financial details.
Facebook Vice President of AR/VR Andrew Bosworth announced the deal in a Facebook post. CTRL-labs will join Facebook Reality Labs team, Bosworth said, without giving any financial details. Facebook said it intends to use the neural interface technology of CTRL-labs in developing a wristband that connects to other devices intuitively.
Roku shares have plummeted roughly 30% since September 17 after Wall Street and investors fled the stock after Comcast (CMCSA) and Facebook (FB) made headlines in the streaming TV device market. So is now the time to buy Roku stock?
(Bloomberg) -- Facebook Inc. agreed to acquire CTRL-Labs, a technology startup that is building software to let people control a digital avatar using only their thoughts. The world’s largest social network is paying between $500 million and $1 billion, according to people familiar with the deal.The closely held four-year-old startup, which has dozens of employees and has raised tens of millions in venture capital, uses a bracelet to measure neuron activity in a subject’s arm to determine movement that person is thinking about, even if they aren’t physically moving. That neuron activity is then translated into movement on a digital screen. Facebook declined to comment on the price of the acquisition.Technology like CTRL-Labs’s may someday be a crucial part of products like augmented reality glasses, where a user might want to control a computer without the need for buttons or a keyboard. “Your hands could be in your pocket, behind you,” explained Thomas Reardon, chief executive officer of CTRL-Labs, at an industry conference last December. “It’s the intention [to move], not the movement” itself that controls the avatar, he said.Facebook has been pushing deeper into augmented reality technology, including the development of a hands-free pair of AR glasses. In 2017, it announced a “brain-computer interface” that could someday let people turn their thoughts into actual text on a screen by monitoring signals in the brain. The CTRL-Labs technology is attempting to solve a similar problem.“The wristband will decode those [neural] signals and translate them into a digital signal your device can understand,” wrote Andrew Bosworth, Facebook’s head of AR and virtual reality, in a post announcing the deal. “It captures your intention so you can share a photo with a friend using an imperceptible movement or just by, well, intending to.”The purchase comes at a challenging time for Facebook, which is under two separate U.S. antitrust investigations. The inquiries mean any acquisition the company makes will be under intense scrutiny from regulators as they question whether Facebook is already too big and powerful.“CTRL-Labs and Facebook are not competitors. Facebook does not currently have or make this technology,” a Facebook spokeswoman said of the deal announced on Monday, adding that the company will work with regulators to secure any needed approvals. “CTRL-Labs’s technology is an innovative input that Facebook hopes will be used to significantly improve the upcoming Facebook AR/VR experiences a few years down the road to fundamentally improve the user experience.”New York-based CTRL-Labs has raised $67 million, according to Crunchbase, and has a high-profile list of investors, including Spark Capital, Google’s GV, Amazon.com Inc.’s Alexa Fund, and Founders Fund. CTRL-Labs employees will join Facebook’s Reality Labs team, which works on AR and VR products.To contact the reporter on this story: Kurt Wagner in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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Jason Kelley, IBM’s general manager of blockchain services, says his company is ready to help Facebook further its blockchain and digital currency plans.
Facebook says it has shut several pages for serving up questionable pro-Trump memes after a story about how the propaganda that was ubiquitous across the internet in 2016 had recently begun popping up all over social media.
Facebook said late Monday it's planning to acquire CTRL-labs, a startup that makes a wristband to decode neuron signals to allow control of computing devices. Andrew Bosworth, Facebook vice president of augmented reality and virtual reality disclosed the plans in a blog post.
I've recently been writing about how 5G offers a rare opportunity to create unprecedented wealth.We've seen how 5G is what we call a "keystone" technology -- one so critical that it drives all other technologies.We've talked about how it will enable the next Industrial Revolution, only the fourth in history. And we've seen the massive fortunes made in the first three … and how even bigger fortunes are possible from this next great breakthrough technology.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere's why it's such a big deal:5G will allow for up to 1,000 times more data to flow through it at any given time -- and at MUCH FASTER speeds -- than 4G.Let me put that into mind-blowing perspective for you.Imagine that the amount of data able to flow through the current 4G infrastructure is represented by an ordinary garden hose. 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The Internet of Things (IoT)… artificial intelligence … driverless cars … and virtual and augmented reality will realize their full potential.Take, for instance, the Internet of Things, which is already estimated to be worth $19 trillion.This is the breakthrough technology that enables physical devices to "talk" to each other and operate with increased efficiency … making everything from smart cars to smart appliances to entire smart cities and grids possible.Basically, if it's electric, the IoT will make it smarter, faster, and/or more efficient.Which is why NBC News said "the Internet of Things will change everything."Now, thanks to the advent of 5G technology, companies are going to spend a massive $5 TRILLION on the Internet of Things in the next few years. In the coming months, the IoT will explode into mass adoption. 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Cities like Barcelona, New York, Miami, Copenhagen, and many others are all heavily investing in building the smart cities of the future.But the benefits will also be felt way outside the city limits, too.Farmers will be able to monitor natural conditions like humidity, air temperature, and soil quality in real time, which will allow for better water usage and pinpoint the best time to harvest crops for the highest yield, leading to less waste and more profit.It will help prevent the deaths of 420,000 people who die every year due to foodborne illnesses. IBM's Internet of Things platform is allowing for more transparency across the entire supply chain, leading to an unprecedented awareness of food quality and safety.5G partnered with the IoT will make every industry more efficient … and stop epidemics in their tracks. It's Here5G isn't a technology that may or may not happen.It's happening right now in front of our very eyes, and it's going to create an unprecedented amount of wealth. For early investors, it presents the kind of wealth-building opportunity that could turn a modest one-time investment into an absolute fortune over time.The world's billionaire investors like Bill Gates and Ray Dalio are beginning to invest millions of dollars in 5G. Companies like Facebook, Alphabet (NASDAQ:GOOGL), and Amazon are also secretly making massive investments in the new technology.We may never get another chance like this … to get in at the very start of a massive "keystone-level" technological shift. It's the kind of moneymaking opportunity that could turn a tiny initial stake into a fortune that could last for decades.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Dividend Stocks to Buy for a Recession * 10 Companies Making Their CEOs Rich * The 7 Best S&P 500 Stocks of 2019 So Far The post 5G Stocks: The Single Greatest Investment for the New Tech Revolution appeared first on InvestorPlace.
Facebook (FB) has bought only two startups so far in 2019. In contrast, it acquired four startups in the first half of 2018 and six startups in 2018.
Facebook’s Libra currency won’t be dollar denominated, but it will be dollar dominated, with the U.S. dollar and U.S. regulators set to play a big role in the digital currency.
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Republican Senator Josh Hawley suggested that Facebook (FB) sell WhatsApp last week. Here's what that move would cost—and why Zuckerberg said no.
Sep.23 -- Facebook has agreed to buy CTRL-Labs, a start-up that’s working on software that lets people control computers with their minds. Bloomberg’s Kurt Wagner reports on “Bloomberg Daybreak: Asia.”