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Tech pioneer Jaron Lanier says companies should pay for data: ‘Let’s get out of the manipulation business’

“The reason companies need your data is they want to be AI companies,” Lanier said” writes Chloe Aiello for cnbc.com. Lanier also argued that data will become even more important as artificial intelligence technology advances, because “AI needs your data.”. Taking data and using it to manipulate people is not a real market.Rather than resisting data collection, society should double down on it — so long as people are appropriately compensated, technology pioneer Jaron Lanier argued. Source: cnbc.com Share This:

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Retail companies trying to catch up to the times are scrambling to buy tech start-ups

“The consumer and retail industry has made the most purchases of tech companies, accounting for 32 percent of cross-sector deals involving tech, the report said” writes Daniel Acker for cnbc.com. The focus on buying tech firms comes as companies overall are increasingly interested in deals in other industries.Four out of 10 acquisitions of technology companies have come from companies in other industries, PricewaterhouseCoopers’ deals team said in their mid-year review and outlook released Thursday. Source: cnbc.com Share This:

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FDA approves first implantable glucose monitor

“The FDA is committed to advancing novel products that leverage digital technology to improve patient care,” FDA Commissioner Scott Gottlieb said in Thursday’s announcement” writes Jeremy C for marketwatch.com. Senseonic shares were halted ahead of the announcement and reopened less than a half-hour before the close, bounced between gains of 1% and 5% in heavy-volume trading into the close, when it was up 1.9%. Source: marketwatch.com Share This:

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This Digital Key Tech Is Going To Replace Your Car Keys With Phones

“The Digital Key technology is a standardized solution that will allow you to securely download a digital vehicle key on your phone” reports valuewalk.com. With the new Digital Key Release 1.0 specification, the consortium aims to bring automakers and smartphone vendors together to build an interoperable digital key standard. Source: valuewalk.com Share This:

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Twitter acquires online abuse management firm

“Twitter has agreed to acquire Smyte, a San Francisco-based online abuse management company that specializes in safety, spam, and security issues” reports wraltechwire.com. Twitter said it will integrate the Smyte technology in its systems and operations in coming months.Twitter says Smyte’s technology and mission are aligned with its focus on “improving the health of conversation on Twitter.” Financial terms were not disclosed.In a statement on the Twitter Safety blog, the company said, “The Smyte team has dealt with many unique issues facing online safety and believes in the same proactive…

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News Stocks 

Dow threatens eighth straight drop as trade remains at forefront

“Broadly, markets remain fixated on trade tensions between the U.S. and key trading partners such as China and the European Union” writes Markets Reporter for marketwatch.com. U.S. stocks opened slightly lower on Thursday, with the Dow on pace to extend its lengthy losing streak to an eighth straight day as uncertainty over trade policy continued to dominate investor sentiment.The Nasdaq, as has recently been the case, was supported by gains in large internet and technology stocks. These concerns come as the U.S. economy, the world’s largest, is increasingly viewed as…

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Mercer CIO Promoted to Global Chief Digital Officer

“Consulting firm Mercer LLC on Wednesday promoted its chief information officer, Gail Evans, to a newly created role of global chief digital officer” writes Steven Norton Wsj for wsj.com. Hussey previously was CIO for Mercer’s retirement and investment businesses.Evans is working with the leadership team and Marsh & McLennan to develop a set of metrics to measure the impact of digital initiatives across the business. Source: wsj.com Share This:

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Audi and Hyundai team up to boost hydrogen fuel cell cars

“Hyundai agreed a deal with Audi on Wednesday to collaborate on hydrogen car technology, hoping to boost an energy segment that has lagged behind battery electric vehicles” reports autoblog.com. GM and Honda have a partnership to jointly develop electric vehicles with hydrogen fuel cells that are expected to go on sale in 2020, while BMW is working with Toyota.The pair will be able to access each other’s intellectual property and share components, including any new parts developed by Audi, which is responsible for hydrogen fuel cell technology in the Volkswagen…

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Crypto News 

The ‘crypto sculpture’ and how hyped things have become

“The cryptocurrency world has its detractors, with J.P. Morgan CEO Jamie Dimon and legendary investor Warren Buffett topping a long list” writes Arjun Kharpal for cnbc.com. Many start-ups are trying to position themselves as blockchain companies to distance themselves from the cryptocurrency world.Everywhere you look, whether it is about the cryptocurrencies themselves, or the blockchain technology that underpins it, there is hype.But, quite frankly, it’s ridiculous and undermines what companies are actually trying to do with cryptocurrencies.As part of its sculpture stunt, Eidoo also released a “Pokemon Go”-style game that…

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