ReportWire

Category: Technology

Technology News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.

  • Twitter won’t force you to the ‘For You’ timeline on web anymore

    Twitter won’t force you to the ‘For You’ timeline on web anymore

    [ad_1]

    In another flip-flop move, Twitter says that it will now remember the feed — the algorithmic “For You” or chronological “Following” — its users have chosen on the web. This change will give relief to many who had complained that the social network showed them the algorithmic timeline by default each time they visited the service.

    The move is the latest in a series of changes Twitter has made to its implementation of the dual timeline in recent days. It first made the algorithmic timeline default on iOS earlier this month. On the web, things are a little more confusing.

    • January 13: Twitter rolled out the dual-timeline update to the web but at that time the social network used to remember your choice.
    • January 20: The company made the “For You” feed default on the web when users first opened Twitter in a tab or refreshed the page.
    • January 24: Now, Twitter remembers your choices again. World peace.

    Twitter also added that a similar update will be rolled out to the Twitter iOS and Android apps. So soon there will be no more algorithmic timeline as default on mobile apps either.

    Many power Twitter users who used third-party Twitter apps never had to deal with the algorithmic timeline. But now that Elon Musk & co. have killed third-party apps by making changes to the API rules, users have no option but to use the official Twitter app or website.

    This week’s move goes into the growing file of reversed decisions under Musk. The file includes pulling back the newly launched Twitter Blue program in November and removing terms that prohibited users from posting links to other social media profiles in December.

    [ad_2]

    Ivan Mehta

    Source link

  • Microsoft quarterly profit falls 12% but cloud computing business shows strength | CNN Business

    Microsoft quarterly profit falls 12% but cloud computing business shows strength | CNN Business

    [ad_1]



    CNN
     — 

    Microsoft on Tuesday posted weaker-than-expected revenue and a double-digit percentage drop in profit for the final three months of last year amid broader economic uncertainty and reduced demand for personal computers and software.

    The tech giant reported revenue of $52.7 billion for the quarter, a modest 2% increase from the year prior but slightly less than analysts had expected. It reported net income of $16.4 billion, a 12% decline from the year prior.

    The earnings results come at a turbulent moment for Microsoft, and the tech industry as a whole. Microsoft said last week that it plans to lay off 10,000 employees as part of broader cost-cutting measures. In his explanation of the cuts, CEO Satya Nadella pointed to changing demand for digital services years into the pandemic as well as looming recession fears.

    Demand for personal computers, and the Microsoft operating systems that power them, has pulled back after experiencing a boom early in the pandemic. Consulting firm Gartner said earlier this month that worldwide PC shipments fell more than 28% in the fourth quarter of 2022 compared to the same period the prior year. This marked the largest quarterly shipment decline since Gartner began tracking the PC market in the mid-90s.

    On Tuesday, Microsoft reported revenue declines from its Windows OEM operations and from its Xbox content and services lines. Microsoft also said it would incur $800 million in severance expenses from the layoffs announced this month, as well as charges from “changes to our hardware portfolio, and costs related to lease consolidation activities.”

    But the earnings report had some bright spots. Revenue from its cloud computing division, a key area of focus for Microsoft in recent years, increased 22% from the prior year. An analyst at Evercore described the results as “a sigh of relief.”

    Shares of Microsoft rose 4% in after-hours trading Tuesday on the news.

    “The next major wave of computing is being born, as the Microsoft Cloud turns the world’s most advanced AI models into a new computing platform,” CEO Satya Nadella said in a statement accompanying the results. “We are committed to helping our customers use our platforms and tools to do more with less today and innovate for the future in the new era of AI.”

    Earlier this week, Microsoft confirmed it is making a “multibillion dollar” investment into OpenAI, the company behind the viral AI-powered chatbot tool ChatGPT. The deepening partnership between the two companies – Microsoft was an early investor in OpenAI – could help catapult Microsoft as an AI leader and pave the way for the company to incorporate elements of ChatGPT into some of its hallmark applications, such as Outlook and Word.

    In his memo to staffers announcing the job cuts, Nadella said the company will continue to invest in “strategic areas for our future” and pointed to advances in AI as “the next major wave” of computing.

    [ad_2]

    Source link

  • Microsoft Revenue Up 2 Percent, but Profit Drops 12 Percent

    Microsoft Revenue Up 2 Percent, but Profit Drops 12 Percent

    [ad_1]

    Microsoft on Tuesday reported its slowest growth in six years and cautioned that a broader slump will continue as both consumers and businesses put the brakes on spending.

    The technology giant said revenue increased 2 percent from a year earlier to $52.7 billion for the three months that ended in December. Profit fell 12 percent to $16.4 billion. 

    Both were below Wall Street expectations, according to FactSet. Microsoft’s share price initially shot up more than 4 percent in after hours trading, thanks largely to its cloud-computing business, but it lost those gains after Amy Hood, Microsoft’s chief financial officer, said in a call with investors that new business slowed in December. The company also said that it expects growth to continue to slow in the current quarter, which ends March 31, as business customers continue to be cautious about buying new products.

    Investors have been closely watching Microsoft’s cloud computing business and Azure, its flagship cloud product, because of their importance to the company’s future. In October, the company told investors to expect Azure’s growth to slow five percentage points in the quarter. But Azure sales growth slowed slightly less, to 31 percent, which was better than analysts feared, and the overall segment it calls Intelligent Cloud was up 18 percent, roughly in line with expectations.

    “We saw strong execution in many regions around the world, however, performance in the U.S. was weaker than expected,” Ms. Hood said.

    Wall Street has been trying to separate economic issues from how Microsoft is performing, said Brett Iversen, who heads investor relations for the company. “We are focused on what we can control, which is the execution side,” he said.

    The past several months have been turbulent for Microsoft. In December, its $69 billion deal to acquire the video game maker Activision was challenged by regulators in the United States, and last week it began laying off about 10,000 workers.

    On Monday, Microsoft announced a major new investment in OpenAI, the start-up behind ChatGPT and other generative artificial intelligence breakthroughs, and signaled plans to include A.I. in an array of Microsoft products.

    Satya Nadella, Microsoft’s chief executive, emphasized the urgency with which the company is pursuing A.I. “We fundamentally believe that the next platform wave is going to be A.I.,” he said on a call with Wall Street analysts, while adding that Microsoft is moving aggressively to “catch the wave.”

    He said the company is trying to build long-term loyalty from customers by helping them operate more efficiently. Because much of cloud computing is often billed based on how much computing power a customer uses, helping customers be more efficient can reduce Microsoft’s sales in the short term. But Mr. Nadella has argued that it also helps prove the value of cloud computing to let customers “do more with less.”

    The biggest slowdown came from Microsoft’s personal computing business, where sales fell 19 percent and operating income fell 47 percent. The business boomed during the first part of the pandemic. But shipments of new PCs globally have been in a near free fall for months, and sales of the Windows operating system installed on new computers declined 39 percent. The company told investors it expected slow PC demand to persist and that it would look more like it did before the pandemic.

    While announcing the layoffs last week, Microsoft said revamping costs would hit $1.2 billion, including severance, ending real estate leases and making “changes to our hardware portfolio,” which primarily consists of its line of Surface tablets and laptops. Sales of devices were down 39 percent last quarter, some of which it blamed on unspecified “execution challenges” in launching new products in its Surface lineup.

    The company’s advertising revenue, which includes its Bing search engine and LinkedIn, performed slightly worse than it expected, Mr. Iversen said.

    The results also showed continued costs from foreign currency fluctuations, with the strong dollar cutting sales growth by five percentage points.

    [ad_2]

    Karen Weise

    Source link

  • Tesla Will Build Heavy Trucks at a New Factory in Nevada

    Tesla Will Build Heavy Trucks at a New Factory in Nevada

    [ad_1]

    Tesla will build a factory in northern Nevada that will manufacture electric semi trucks, the company said Tuesday, putting pressure on traditional truck makers like Daimler and Volvo that are just beginning to sell battery-powered vehicles.

    The factory, along with a new battery plant, will add 3,000 employees at an existing Tesla facility east of Reno. Tesla said it would invest $3.6 billion in the truck plant and the new factory to build the company’s most advanced battery cells.

    The construction of a factory signals that Tesla is serious about the semi truck, which it unveiled in 2017 but has so far built in limited numbers. In December, Tesla delivered a few of the trucks to PepsiCo, its first customer.

    Manufacturers like Daimler Truck, Volvo and Traton, a unit of Volkswagen, have said they are committed to producing vehicles that generate no tailpipe emissions, but trucks powered by diesel fuel still dominate the industry.

    If the Tesla truck is a success, it could put the same kind of pressure on established truck makers that carmakers faced from Tesla’s electric cars and sport utility vehicles. The success of Tesla cars forced General Motors, Ford Motor, Volkswagen and other automakers to reply with their own electric vehicles, upending the industry.

    But it is unclear how many truck buyers will switch to electric vehicles, and how quickly. Fleet owners pay close attention to the cost of ownership of the vehicles they buy, carefully calculating the price of fuel, maintenance and driver downtime. Tesla’s semi is likely to cost more to buy than a conventional heavy truck, and will be attractive only if customers figure they can make up the difference in lower fuel and maintenance expenses.

    Tesla advertises that its truck will have a range of 500 miles, which probably makes it most suitable for relatively short routes. There is no comprehensive charging network for trucks. Until a network exists, the semi is likely to appeal mostly to customers that run trucks from depots where they can charge overnight.

    Daimler, which owns Freightliner Trucks, is banking on hydrogen fuel cells as the best way to eliminate tailpipe emissions from long-haul trucks. Volvo, the second-largest truck maker worldwide after Daimler, is pursuing a similar strategy. But neither has begun mass-producing hydrogen-fueled trucks, and hydrogen remains much more expensive than diesel.

    News of Tesla’s decision to build the truck factory emerged on Monday when Nevada’s governor, Joe Lombardo, mentioned it during a speech.

    [ad_2]

    Jack Ewing

    Source link

  • Built buys fellow construction robotics firm, Roin

    Built buys fellow construction robotics firm, Roin

    [ad_1]

    One of the most remarkable things about construction robotics is the sheer breadth of tasks that can potentially be automated. As I’ve noted before, the entire category is a prime target for robotics startups, given that it fills all of the big Ds of automation — dull, dirty and (quite often) dangerous. It’s also one of those areas that have become increasingly difficult to staff, post-pandemic, even as construction work came roaring back.

    So, if I’m running a fairly successful company that makes construction robots, I’m certainly thinking of diversification. The quickest way to jump start that is, of course, acquiring another, smaller startup. It’s something I suspect we’ll be seeing with increasing regularity as early-stage firms struggle to get funding to stay afloat amid a broadly stagnating VC market.

    Built Robotics, currently best known for its earth excavating autonomous heavy machine, Exosystem, announced today that it has acquired Roin Technologies (putting some of that fundraising to good use). The smaller firm is YC-backed, and best known for its concrete robots, which trowel and shoot (shotcrete) the stuff. In fact, Roin’s URL already redirects to its parent company.

    “Since their founding, Roin’s team has pushed the boundaries of construction autonomy, which has created a unique expertise in our industry,” Built Robotics founder and CEO Noah Ready-Campbell said in a release. “With Roin joining Built, the combined teams will continue developing new autonomous construction applications and customers can expect to see robotic applications expanding beyond earthmoving.”

    Roin CEO Jim Delaney will be joining Built as part of the engineering team. He notes, “We see joining Built as the next step in Roin’s story. I have always admired what Built has launched and how they’ve moved the construction industry forward in adopting new technologies, and I am excited to have the opportunity to join their team.”

    This isn’t one of those cases of a one-to-one technology acquisition. Rather than being competitors, it seems the two construction systems can be potentially complementary, representing two distinct pieces of the broader construction puzzle.

    [ad_2]

    Brian Heater

    Source link

  • Elon Musk Said Tesla Buyout Plan Didn’t Involve ‘a Specific Number’

    Elon Musk Said Tesla Buyout Plan Didn’t Involve ‘a Specific Number’

    [ad_1]

    Under direct questioning by a federal judge on Tuesday, Elon Musk could not say exactly how much money investors were considering putting into his 2018 proposal to take Tesla off the stock market.

    Mr. Musk wrote on Twitter on Aug. 7, 2018, that he had “funding secured” for the deal. But during his last day of testimony in a trial in San Francisco, he acknowledged that individuals and investment funds he had discussed his plan with had not indicated the amounts they were willing to invest in the deal.

    “Not a specific number,” Mr. Musk replied after the judge, Edward M. Chen, told him that he had to answer “yes or no” when asked whether dollar amounts had been discussed. Judge Chen asked Mr. Musk the question at least twice, intervening after Mr. Musk did not clearly answer questions posed by a lawyer for the investors suing him and Tesla, Nicholas Porritt.

    When Mr. Porritt again asked whether any investors had committed to specific amounts, Mr. Musk said he was willing to include the large number of Tesla shares he owned in the deal. “I mean, I certainly have myself.”

    Mr. Musk, who testified for seven hours over three days, and his legal team have argued that funding for the deal was in fact plentiful while adding that it was difficult to come up with exact amounts until it was clear how much money was needed to buy out shareholders who didn’t want to be part of the deal.

    The investors bringing the case say they suffered billions of dollars of losses after Tesla’s stock rose in response to Mr. Musk’s statements about taking the company private but then fell when the proposal went nowhere. Judge Chen has already ruled that two of Mr. Musk’s posts on Twitter were false and that he was reckless in publishing them. But the investors must show that the false statements, and not other statements from Mr. Musk or other factors, led to their losses.

    Mr. Musk, wearing a dark suit, a black surgical mask and combat boots, entered the courtroom and watched jurors walk to their seats. He tried to minimize the importance of the plaintiffs, telling Mr. Porritt that, “in my opinion, you don’t represent” most investors. Judge Chen described these comments as “inappropriate” and struck them from the court’s record.

    Mr. Musk also tried to say most Tesla investors are happy because the company is worth more now than it was in 2018 — another statement that Judge Chen removed from the court’s record. Two of Mr. Musk’s lawyers threw up their hands and shook their heads.

    In testimony on Monday, Mr. Musk maintained that he had not lied or misspoken about his plan to take Tesla private because executives at Saudi Arabia’s sovereign wealth fund had expressed interest in the deal, even though they had not signed documents committing to it or discussed how much they would invest. He said “funding secured” had also referred to his stake in SpaceX, the rocket company he runs, because he could have borrowed against those shares or sold some of them.

    On Friday, Mr. Musk acknowledged that he provided important information about Tesla on his Twitter account and that it had to follow rules from the Securities and Exchange Commission. But he said his social media posts did not necessarily cause swings in Tesla’s share price.

    In 2018, Mr. Musk and Tesla settled a separate lawsuit with the S.E.C. about his plan to take Tesla private. They paid fines to the S.E.C., and Mr. Musk agreed to resign as Tesla’s chairman and to allow a lawyer to review some statements about Tesla before he posted them on social media.

    [ad_2]

    Kalley Huang and Peter Eavis

    Source link

  • Apple users can secure accounts with a physical security key

    Apple users can secure accounts with a physical security key

    [ad_1]

    Apple users can now secure their accounts using a physical security key

    According to the tech giant, the security keys – small external devices that look like thumb drives or tags – provide extra protection against phishing attacks or social engineering scams and can be used for verification when signing in with an Apple ID using two-factor authentication.

    The security key can act as a replacement for the six-digit verification code that is normally used for two-factor authentication.

    “Because you use a physical key instead of the six-digit code, security keys strengthen the two-factor authentication process and help prevent your second authentication factor from being intercepted or requested by an attacker,” Apple says. 

    HOW TO FIND ANYTHING ON AN APPLE IPHONE, IPAD AND MAC

    A mobile phone passcode security screen is seen in this photo illustration
    (STR/NurPhoto via Getty Images)

    However, there’s a twist: if a user loses all trusted devices and security keys, they could be locked out of their Apple account for good. 

    At least FIDO® Certified* security keys that work with the Apple devices you use on a regular basis are required, as well as iOS 16.3, iPadOS 16.3, or macOS Ventura 13.2, or later on all of the devices where you’re signed in with your Apple ID.

    Apple logo is seen on a phone in this illustration photo taken in Poland on Dec. 1, 2020. 

    Apple logo is seen on a phone in this illustration photo taken in Poland on Dec. 1, 2020. 
    (Jakub Porzycki/NurPhoto via Getty Images)

    HOW TO CHANGE YOUR FONT SIZE ON AN IPHONE

    A modern web browser is also a must, per Apple, and an iPhone or an iPad with a software version that supports security keys is also needed to sign in to Apple Watch, Apple TV or HomePod.

    When using the security keys, a trusted device or security key is needed to sign in with an Apple ID on new device or on the web, reset an Apple ID password or unlock an Apple ID or add additional security keys or remove a security key.

    In this photo illustration, the setting page to use ID touch is displayed on the screen of an iPhone on Feb. 7, 2019, in Paris.

    In this photo illustration, the setting page to use ID touch is displayed on the screen of an iPhone on Feb. 7, 2019, in Paris.
    (Chesnot/Getty Images)

    CLICK HERE TO GET THE FOX NEWS APP

    “Keep your security keys in a safe place, and consider keeping a security key in more than one place. For example, keep one key at home and one key at work. If you’re traveling, you might want to leave one of your security keys at home,” Apple advises.

    Apple first announced security keys for Apple ID in December, as well as two other advanced security features.

    [ad_2]

    Source link

  • Apple Maps app feature can help you find a parking space

    Apple Maps app feature can help you find a parking space

    [ad_1]

    Have you ever driven around looking for a free parking spot or were headed to a venue or the airport not quite sure where to park? This new Apple Maps feature may help. Now, if you were already using Apple Maps, you will be happy to know there is a streamlined way to find parking. If you have yet to try Apple Maps – this may be a good reason to consider using it.

    CLICK TO GET KURT’S CYBERGUY NEWSLETTER WITH QUICK TIPS, TECH REVIEWS, SECURITY ALERTS AND EASY HOW-TO’S TO MAKE YOU SMARTER

    What does the new Maps feature do?

    Apple Maps app allows you to search for parking availability, check prices and even reserve a spot for your vehicle. You can even make your search a bit more specific by looking for spaces with electric vehicle charging stations and wheelchair accessibility. Apple has made this possible by partnering with digital parking company SpotHero to provide information to Apple users on 8,000 parking venues. The SpotHero website is now embedded in the Maps app and will give you all the information you need. Just keep in mind the feature is only available in the United States and Canada, and only features paid parking spots. 

    How to use the new Maps feature

    • Open your Maps app on your iPhone

    PAYPAL HACKER ATTACK EXPOSES CUSTOMER NAMES AND SOCIAL SECURITY NUMBERS

    Read on to learn more about this Apple Maps feature.
    (Fox News)

    • Search for the location where you want to park, such as an address or the name of a business, by typing this information into the search bar

    BEST EXPERT-REVIEWED PASSWORD MANAGERS OF 2023

    An example of how to search for a location on an iPhone.

    An example of how to search for a location on an iPhone.
    (Fox News)

    HOW TO FIND ANYTHING ON AN APPLE IPHONE, IPAD AND MAC

    Where to press "More" in the Apple Maps app.

    Where to press “More” in the Apple Maps app.
    (Fox News)

    WATCH OUT FOR THIS ZELLE IMPOSTER SCAM ON FACEBOOK MARKETPLACE

    How to select "parking" in the Maps app.

    How to select “parking” in the Maps app.
    (Fox News)

    • You will be directed to the SpotHero website. Use the Enter and Exit features to specify when you need the parking spot for

    HOW TO STOP FACIAL RECOGNITION CAMERAS FROM MONITORING YOUR EVERY MOVE

    Instructions on how to use SpotHero in the Apple Maps app.

    Instructions on how to use SpotHero in the Apple Maps app.
    (Fox News)

    • Click the Filter button to add more specifications to your search

    HOW TO CHANGE YOUR FONT SIZE ON AN IPHONE

    An example of how to click "Filter" in SpotHero.

    An example of how to click “Filter” in SpotHero.
    (Fox News)

    • Check off whichever options you need, including Valet, Garage-Covered, On-Site Staff, Wheelchair Accessibility, Lot-Uncovered, and EV Charging parking options. Select Show Results when done

    HOW TO STOP YOUR CELL PHONE FROM DYING SO FAST

    How to select "Show 10 Results" on SpotHero.

    How to select “Show 10 Results” on SpotHero.
    (Fox News)

    • Select a spot by choosing Book Now from the list of options given

    HOW CASH PAYMENT APP SCAMS ARE SWINDLING MONEY

    Instructions on how to book a spot to park on SpotHero.

    Instructions on how to book a spot to park on SpotHero.
    (Fox News)

    • Follow the prompts to complete your reservation

    WHICH APPS ARE DRAINING YOUR PHONE’S BATTERY?

    An example of how to follow the prompts to select your spot on SpotHero.

    An example of how to follow the prompts to select your spot on SpotHero.
    (Fox News)

    Note: Remember that this feature is only available in 8,000 locations across the U.S. and Canada. If these options do not come up for your destination, it is likely that Maps does not have parking information for that specific destination. 

    What if Maps does not have parking info for my destination?

    Not to worry, you can still easily find a parking spot even if the Maps app doesn’t have information for you to book in advance. Here’s what you have to do:

    • Open your Maps app on your iPhone

    ZOOM USERS BEWARE: MALWARE DECOY COULD STEAL YOUR PRIVATE INFORMATION

    • Search for the location where you want to park, such as an address or the name of a business, by typing this information into the search bar. Then click the car icon

    WHY A GREEN AND ORANGE DOT ON YOUR PHONE CAN INDICATE SOMEONE LISTENING AND WATCHING

    How to search for your desired location and select the car icon in Apple Maps.

    How to search for your desired location and select the car icon in Apple Maps.
    (Fox News)

    • Click GO and follow the directions to your destination as normal

    ARE YOUR OWN DEVICES INADVERTENTLY SPYING ON YOU?

    Directions on how to click "Go" on the Apple Maps app.

    Directions on how to click “Go” on the Apple Maps app.
    (Fox News)

    • When you get close to your destination (within 5-10 minutes), click on the arrow in the bottom right-hand corner

    HOW TO CHANGE THE FONT ON YOUR IPHONE

    Click the arrow in the bottom right corner on Apple Maps.

    Click the arrow in the bottom right corner on Apple Maps.
    (Fox News)

    HOW TO REMOVE YOUR LOCATION FROM PHOTOS

    Instructions on how to click "Add Stop" in the Maps app.

    Instructions on how to click “Add Stop” in the Maps app.
    (Fox News)

    A BEGINNERS GUIDE TO COOKIES

    Screenshot showing where to select "Parking." 

    Screenshot showing where to select “Parking.” 
    (Fox News)

    • You will be given options for parking garages available near your destination. Select one nearest to where you want to go and your GPS will take you there

    ASK KURT: WHY IS MY BLUETOOTH CONNECTION ALWAYS SO SPOTTY?

    Here's where you can find parking garages on the app.

    Here’s where you can find parking garages on the app.
    (Fox News)

    How to find your parked car

    If you park your car in a large lot or parking garage, let’s say at the mall, and leave it for a while, it’s easy to forget where you originally parked, and you don’t want to spend hours searching for it. There is a way for you to use your Apple Maps app to find your vehicle if you’re connected to your car’s CarPlay or Bluetooth. Here’s how you do it:

    • Connect to your CarPlay or Bluetooth by following whatever steps your vehicle requires
    • Once connected, turn your car off to disconnect from the car’s Bluetooth
    • A parked car icon will appear on your Maps app. You can click on that and get directions back to your car once you leave it

    APPLE INTRODUCES MOST POWERFUL MACBOOK PRO MODELS EVER MADE

    How to find your parked car on the app.

    How to find your parked car on the app.
    (Fox News)

    How to find your parked car using Find My

    First, you will need to purchase an Apple Air Tag and place it in your car, such as in your glove compartment or under a seat and then connect it to your iPhone via Bluetooth. Once the tracker is connected to your iPhone, you will be able to locate your car using the Find My app. Here’s how to do it:

    • Open Find My
    • Select your car from the list of devices to see its current location
    • Additionally, you can also use Siri to find your parked car by saying, “Hey Siri, where’s my car?” and it will give you the location
    • If you have an Apple Watch, you can also use the “Find My” app on the watch to locate your car as well

    Was this helpful? Let us know how this new Maps feature works for you.

    CLICK HERE TO SIGN UP FOR OUR HEALTH NEWSLETTER

    For more of my tips, subscribe to my free CyberGuy Report Newsletter by clicking the “Free newsletter” link at the top of my website.

    Copyright 2023 CyberGuy.com. All rights reserved. CyberGuy.com articles and content may contain affiliate links that earn a commission when purchases are made.

    [ad_2]

    Source link

  • Spotify to cut 6% of its workforce | CNN Business

    Spotify to cut 6% of its workforce | CNN Business

    [ad_1]


    London
    CNN
     — 

    Spotify

    (SPOT)
    said Monday that it will cut 6% of its workforce to reduce costs, joining tech companies including Amazon

    (AMZN)
    and Microsoft

    (MSFT)
    in slashing headcount as the global economy slows.

    In a letter to employees posted on the company’s website, CEO Daniel Ek took full responsibility for the job cuts, which he called “difficult but necessary.”

    “Like many other leaders, I hoped to sustain the strong tailwinds from the pandemic and believed that our broad global business and lower risk to the impact of a slowdown in ads would insulate us. In hindsight, I was too ambitious in investing ahead of our revenue growth,” he said.

    The Stockholm-headquartered music streaming business had about 9,800 employees globally as of September 30, according to an earnings report.

    The company’s stock, which has nearly halved in value over the past 12 months, gained more than 4% in premarket trading in New York. Spotify’s share price has risen 24% since the start of the year, Refinitiv data shows.

    Over the past few months, major tech companies have swiftly reversed a pandemic hiring spree that saw them add thousands of workers to keep up with a surge in demand from households and businesses for services such as online shopping and videoconferencing.

    The same companies have recently made deep cuts to their workforces, as inflation weighs on consumer spending and rising interest rates squeeze funding. The demand for digital services during the pandemic has also waned as people return to their offline lives.

    Over the past three months, Amazon

    (AMZN)
    , Google

    (GOOGL)
    , Microsoft

    (MSFT)
    and Facebook

    (FB)
    -parent Meta have announced plans to cut more than 50,000 employees from their collective ranks.

    The recent cuts in most cases amount to a relatively small percentage of each company’s overall headcount, essentially erasing the last year of gains for some while leaving them with enormous workforces.

    Spotify’s decision to shed about 590 jobs is part of a wider reorganization to improve efficiency and “speed up decision-making,” according to Ek. As part of the changes, engineering and product work will be centralized. Chief content officer Dawn Ostroff had also decided to leave the company, Ek said.

    Spotify reported a loss of €228 million ($248 million) in its most recent financial quarter through September 30, as operating expenses shot up by 65%, according to a company presentation to investors.

    In 2022, operating expenses grew at twice the rate of the company’s revenue, Ek said.

    “That would have been unsustainable long-term in any climate, but with a challenging macro environment, it would be even more difficult to close the gap,” he told employees in Monday’s letter. “As you are well aware, over the last few months we’ve made a considerable effort to rein-in costs, but it simply hasn’t been enough.”

    — Clare Duffy contributed to this report.

    [ad_2]

    Source link

  • iPhone hack makes it easy to use one-handed and reach everything on screen

    iPhone hack makes it easy to use one-handed and reach everything on screen

    [ad_1]

    The iPhone 14 Plus and iPhone 14 Pro Max models are perfect for those who wish to have big screens for easier reading. However, the downfall of a bigger device is that you have to stretch your hands much further to type, which can get tiresome. That’s why Apple included a feature that can make using your iPhone much easier, and it’s even available for iPhones with smaller screens as well. 

    CLICK TO GET KURT’S CYBERGUY NEWSLETTER WITH QUICK TIPS, TECH REVIEWS, SECURITY ALERTS AND EASY HOW-TO’S TO MAKE YOU SMARTER 

    What is the feature Apple is offering? 

    The feature is called Reachability, and it’s an accessibility feature that allows iPhone users to pull down the top of their screen displays to the middle of their screen. This makes everything much easier to reach with your thumb than it would normally be. Once the top of your screen is relocated to the middle, you can then operate your iPhone as normal, enjoying the perk of having a larger screen yet still allowing your hands to not have to do all that extra stretching. 

    How to activate Reachability 

    • Open your Settings app
    • Select Accessibility 

    Accessibility in settings of the iPhone.
    (CyberGuy.com)

    APPLE ADDRESSING IPHONE 14 ISSUE WITH SOFTWARE UPDATE: REPORTS

    • Under the PHYSICAL AND MOTOR section, select Touch
    Touch ID in the iPhone's Accessibility menu.

    Touch ID in the iPhone’s Accessibility menu.
    (CyberGuy.com)

    • Toggle on Reachability 
    Reachability is an accessibility feature that lets iPhone users pull down the top of a screen display to the middle of the screen. 

    Reachability is an accessibility feature that lets iPhone users pull down the top of a screen display to the middle of the screen. 
    (CyberGuy.com)

    WHICH APPS ARE DRAINING YOUR PHONE’S BATTERY?

    • Go back to your Home Screen and short swipe down from just underneath the Spotlight Search tab
    Here's how to do a short swipe on your iPhone.

    Here’s how to do a short swipe on your iPhone.
    (CyberGuy.com)

    • This will bring the top of your screen to the middle of your screen for easier accessibility.
    This brings the top of the iPhone screen down to the middle.

    This brings the top of the iPhone screen down to the middle.
    (CyberGuy.com)

    What if my iPhone has a home button? 

    If you have an older iPhone that comes with a home button, follow all the steps listed above to activate Reachability. Once it’s activated, double-tap your home button without pushing the button in. If you push the button in, it will reveal your recent apps tray, so make sure you’re just tapping it as you would if it were a touchscreen. 

    Was this helpful? We’d love to hear how you’re using your iPhone settings to cater to your needs. 

    CLICK HERE TO GET THE FOX NEWS APP

    For more Apple tips, head over to CyberGuy.com and search “Apple” by clicking the magnifying glass at the top of my website. And be sure to subscribe to my free CyberGuy Report Newsletter by clicking the “Free newsletter” link at the top of my website.

    Copyright 2023 CyberGuy.com. All rights reserved. CyberGuy.com articles and content may contain affiliate links that earn a commission when purchases are made.

    [ad_2]

    Source link

  • Kind Snacks founder Daniel Lubetzky begins new ‘journey’ with Camino Partners

    Kind Snacks founder Daniel Lubetzky begins new ‘journey’ with Camino Partners

    [ad_1]

    After successfully building Kind Snacks into a multibillion-dollar company, Daniel Lubetzky and his team, including former Kind executive Elle Lanning, have unveiled Camino Partners, a startup incubator and investment platform.

    Lubetzky, founder and chairman of Camino Partners, built Kind up from just $5 million in initial investment and told TechCrunch he wants to help other companies do the same thing. He intends to deploy $350 million — funds he already has — into the next generation of transformative consumer brands over the next five years.

    His own journey started 25 years ago with Peaceworks, a company bringing together neighbors in conflict regions, like the Middle East, around collaborative ventures. It was a classic startup story where it took 10 years of lessons — two steps forward, two steps back kind of things — while building the company that prepared Lubetzky to launch Kind.

    “I was making so many mistakes, but I drew lessons from those, and then the first 10 years of Kind were just like soaring,” he said.

    With Camino Partners, formerly known as Equilibra, Lubetzky and his team want to help other startups avoid needing 10 years of mistake-making before they have a successful company.

    Camino, which means “journey” in Spanish, is throwing out the traditional startup playbooks and instead will be guiding entrepreneurs on values, including integrity, ingenuity and entrepreneurial spirit. It will also take a “meaningful stake” in consumer brands with proven market versatility and customer following, Lubetzky said.

    “We want to help people not have to go 10 years through the desert and get there faster, but with a dose of humility,” he added. “Today, you have to think about the circumstances and adapt to the changing circumstances, and what I love about my team is that that’s who they are.”

    Elle Lanning is leading Camino as managing partner after spending 13 years at Kind, most recently holding the role of chief of staff. She said the company isn’t exclusively focused on consumer packaged goods, but is also looking at startups that have culture creation: a culture of ownership, a shared set of values and financially sustainable structure.

    “We did not have a single sales channel when building Kind, and so understanding the interconnectivity of those and how to think about them in relation is what we’ve seen, in this past year, a lot of brands have started to do,” Lanning told TechCrunch. “They recognize one channel is probably not the path forward. That’s where we also see the unique advantage in our skill set — being able to lay out that kind of broader ecosystem.”

    Meanwhile, the organization has already incubated Mexican better-for-you food brand Somos, a company Lubetzky co-founded, and invested in companies, including European breakfast and snack brand Belgian Boys, gimMe seaweed and Cava fast-casual Mediterranean grill.

    Camino Partners will work with partners to select a small number of companies to build from scratch, Lubetzky said.

    “We will also invest in existing ventures, but where we have a meaningful role,” he added. “We don’t need to have a controlling stake, but it has to be a very meaningful stake. In some cases, we will launch things and be the majority shareholders and in other cases we won’t. In all cases, it has to be very meaningful and it has to be of much greater significance to our partners and to us.”

    [ad_2]

    Christine Hall

    Source link

  • No Workers? Cameras Can Do The Job for Retail – Video

    No Workers? Cameras Can Do The Job for Retail – Video

    [ad_1]

    Speaker 1: You could just kind of throw your stuff on as you’re shopping. I don’t know, whatever retailers are turning to technology to find solutions to the labor shortage. I’m at the big National Retail Federation conference that’s held in New York City to see how robots and AI are filling in the gaps for humans and to see how this is shaping the future shopping experience.

    Speaker 1: [00:00:30] Over the years, we are seeing more robots helping humans at factories, doing things like sorting products or pulling boxes from various aisles. But in covering this year’s NRF show, there is way more talk about using computer intelligence for things like image recognition to be a replacement for human eyeballs. Companies like to talk about finding tools to help in today’s labor shortage and sometimes not having enough workers [00:01:00] is because companies are not paying a high enough salary to attract those workers regardless. The show floor had many examples of expensive systems to keep an eye on, store inventory and the checkout process. I’m gonna show you how image recognition is changing. The very annoying self-checkout process here at Edge Offi, there’s a camera always looking down at what you are scanning, and it can tell exactly what you’re putting down. Doesn’t matter how I put those bananas down, it knows they’re bananas. [00:01:30] The camera’s good enough to be able to scan that for anyone trying to be sneaky and get diapers, but actually just pay for gum. It’s scanned gum, but the image knows it is not gum, and I try to pay quickly. It’s not gonna let you pay.

    Speaker 1: NCR is taking this to another level here. You could just throw various items all at once down on the surface, at any angle, you have a camera up top, so [00:02:00] you could just kind of throw your stuff on as you’re shopping, I don’t know, whatever. And uhoh, it’s already figuring it out. I don’t have to scan the barcode. This kind of system makes sense at places like stadiums or gas stations where maybe you have an item that doesn’t typically have a barcode, like a plate of nachos. It’ll be able to recognize it and have you move right along. Google is also in the game now using its image recognition smarts. It can tell the difference between many [00:02:30] different versions of a product on a shelf at many different angles. This is the shelf check solution where you could take fixed cameras, cameras that I might already have and be able to scan the shelves, know something’s wrong, something’s amis. Maybe a kid took the marshmallows and I don’t know, just put ’em back where the cream cheese goes. Well, a camera is gonna be able to scan that and know something’s amiss. You know that maybe they’re low on stock. So what makes more sense is having a big automated robot like Brain Os. This has a, a lot of different sensors [00:03:00] can be customized to whatever a company needs, but it also can scan the shelves and mop the floor at the same time.

    Speaker 1: So here’s a pain point for me when I’m shopping, when you need something just really quick at the store, but they’ve locked the thing you need behind something because it’s high value, or maybe it’s just stolen a lot. So you have to normally request an associate, ring a little bell, sit there and wait. There’s cameras and they gotta text you a code. Here’s how it works. So if I need these razors, [00:03:30] uh, to unlock the case, I still can call somebody. I can press to request an associate to come by. Or if I have no patience, I could use my cell phone. It tells me about privacy, that my phone number is not gonna be used for anything other than just accessing this merchandise. Put the code in, right? It’ll unlock it. You can grab what you need. But if I start grabbing a lot of stuff, really oddly, I might set something off.

    Speaker 1: If I left the door open too long, that’s not a warning sign. So [00:04:00] that associate’s coming by. But kind of to de de tear odd behavior. You have a camera right here, and I just gave my phone number. So the company says that they’re starting tests on this kind of technology at cbs, at Walgreens, and a lot of other places. You may start seeing this pop up here and there. All of this is pitched as a way to help when there are fewer humans in the stores. But I also saw more stores that don’t need any humans at all.

    Speaker 1: We’re seeing more examples [00:04:30] of stores that are just very small, almost like a vending machine type store where you just walk in and cameras are tracking exactly what you’re buying. Here’s an example of a store that is all over Poland. It’s called Jka. And all you would do to enter is just tap in your card. So before I go in, I have to also give them my phone number. That’s where we’re gonna get the receipt so they can make this store as big or small as they need. But in this example, there are 24 cameras on top tracking whatever I grab and put back, and there are about 500 [00:05:00] different products in here that they can do. But they could be as big as 5,000 if they need it to be. So let’s see. I’m thirsty. I think I’m gonna get myself a Caprice sun.

    Speaker 1: You know nothing better, right? So it’s gonna be able to track what I buy. And you know, I like get myself a Snickers. Oh, cool ranch. There you go. All right, so if I’m done, I just walk out that fast. We’re seeing check out free examples in different forms. Maybe [00:05:30] you’re a little uncomfortable with having a bunch of cameras overhead. Maybe you don’t wanna enter your phone number in. In this particular case, all you can do is scan your credit card and go in. A lot of people can actually be in this space. At the same time, the computer is knowing who I walked in with. We’re one party, we’re one tab, but there could be like 25 people all just grabbing things. These different types of centers can be customized to what they want. It’s using a combination of the one camera, but also different shelves. These are weighted. So it knows if I picked up a, a Monster Energy drink or the smart hook knows I picked up a [00:06:00] bag of candy, or if I put it back even, and you can retrofit. So in a refrigerator that maybe someone already has one of these types of coolers, they don’t wanna buy a whole new one. All you need to do is insert sensors on the bottom for weight. That way they don’t have to buy a whole new cooler. I walk out and that’s it.

    Speaker 2: It’s kind of weird

    Speaker 1: When it comes to the labor shortage we’re seeing, I’m wondering, okay, where are the humans? And there are still humans in these examples. You typically, it’s someone at the front kind of introducing the whole concept to someone who’s [00:06:30] new at it. But if they come back for snacks, say like in the middle of a football game, they’re a little more accustomed to it and they can be a little faster. Or someone might be at the exit popping the top of the beer and pouring in a cup for them. So there are still different ways you can use labor, but they’re not just stuck behind a cash register doing one thing only. Okay, so these demo setups look interesting, but I need a real world test. So I went to the convention center lobby where there was a working Amazon [00:07:00] grab and go style store for me to get a quick bite to eat.

    Speaker 2: What if I, what if I messed with it? Ah, oh yummy. All right. Is that it? Am I done? I gotta

    Speaker 1: Leave this way. Oh, see, you gotta know where

    Speaker 2: To go. I’m done. I didn’t have to get my [00:07:30] fingerprints, but I can choose to

    Speaker 1: Get a receipt and give him my email.

    Speaker 2: Okay.

    Speaker 1: You know,

    Speaker 1: Buying this was no different than going to a massive vending machine. Even the sandwiches and the salads weren’t that appetizing compared to what you find in a vending machine. It’s just bigger, it’s larger. And the real world application, I didn’t have to give up that much information. I really just had to put my credit card in. That was it. But I think we’re finding in what else is coming about is where we’re comfortable with [00:08:00] in terms of how many cameras are there, how much do you have to give about your own personal information? Do you have to give your phone number to enter? Do you have to give your palm to enter? That’s a territory that is still shaping up, and I don’t think people are really comfortable giving a whole lot of themselves up. Then again, maybe they are okay with a cell phone number if they’ve already given that store their cell phone number.

    Speaker 1: So if this tech can really save people time, then we’re talking, then it’s gonna be adopted more. Then [00:08:30] again, when the case was locked, it took a little bit of fumbling to get in. I don’t know if that’s really gonna save enough time to make it worth me to give you my phone number to get in, or for me to feel comfortable that a big camera’s staring at me. And again, we just don’t always think about the cameras that are already watching us. This is a definite interesting area that is evolving. We’ll have to see where it goes. Thanks for watching. I’m Bridget Carey. Still a human doing a human job. I’ll see you next time.

    [ad_2]

    Bridget Carey

    Source link

  • PayPal hacker attack exposes customer names and social security numbers

    PayPal hacker attack exposes customer names and social security numbers

    [ad_1]

    Last Thursday, PayPal began notifying nearly 35,000 of its customers that their accounts were breached between Dec. 6 and 8. During the two days, PayPal claims that no money was stolen from anyone.

    CLICK TO GET KURT’S CYBERGUY NEWSLETTER WITH QUICK TIPS, TECH REVIEWS, SECURITY ALERTS AND EASY HOW-TO’S TO MAKE YOU SMARTER

    What happened with the PayPal attack?

    The hackers were still able to obtain personal and private information, including full names, dates of birth, physical addresses, social security numbers and tax identification numbers. PayPal halted the intrusion within two days, reset the passwords for affected users and said no unauthorized transactions were attempted.

    PayPal’s internal investigation revealed that the hackers used a method known as credit stuffing to breach the accounts of these victims. 
    (Kurt Knutsson)

    How did the hackers breach these accounts?

    PayPal’s internal investigation revealed that the hackers used a method known as credit stuffing to breach the accounts of these victims. Credential stuffing is when hackers use existing credentials already floating around the dark web to hack into private accounts. They use bots with lists of usernames and passwords acquired in previous data breaches and try the credentials at multiple online services with the hope that customers have not recently changed their passwords. This is where those who use the same passwords across multiple different accounts could run into a big problem. 

    WATCH OUT FOR THIS ZELLE IMPOSTER SCAM ON FACEBOOK MARKETPLACE

    To learn more about how to know if your passwords have been hacked, head over to CyberGuy.com and search “have your passwords been hacked” by clicking the magnifying glass at the top of my website.

    What if my PayPal account was hacked?

    If you were one of the victims of this PayPal attack, then PayPal should have already reset your password. When you go to make a new password, make sure it is a strong password with capital and lowercase letters, numbers and symbols. The company is also offering victims two years of free identity monitoring from Equifax.

    How to protect yourself from hackers in the future

    Although PayPal is working hard to help out the victims of this vicious attack, there are steps you can take to ensure that something like this never happens to you.

    • Create strong passwords and don’t use the same ones for multiple accounts: you can find out more about creating strong passwords and great password managers here
    • Use 2-factor authentication: take advantage of 2-factor authentication for any services you use that offer it. This is one extra step that will keep a hacker out of your private information even if they get their hands on your login credentials.

    HOW CASH PAYMENT APP SCAMS ARE SWINDLING MONEY

    Were you affected by the PayPal breach? We’d love to hear from you.

    For more of my security tips, subscribe to my free CyberGuy Report Newsletter by clicking the “Free newsletter” link at the top of my website.

    CLICK HERE TO GET THE FOX NEWS APP

    Copyright 2023 CyberGuy.com. All rights reserved. CyberGuy.com articles and content may contain affiliate links that earn a commission when purchases are made.

    [ad_2]

    Source link

  • Brimstone – the world’s first carbon negative portland cement

    Brimstone – the world’s first carbon negative portland cement

    [ad_1]


    <br /> Brimstone – the world’s first carbon negative portland cementThe Red Ferret Journal






















    Privacy & Cookies Policy


    [ad_2]

    Nigel

    Source link

  • ‘I cried all night’: Millions of Chinese lose access to ‘World of Warcraft’ and other hit games | CNN Business

    ‘I cried all night’: Millions of Chinese lose access to ‘World of Warcraft’ and other hit games | CNN Business

    [ad_1]


    Hong Kong
    CNN
     — 

    Millions of players in China have lost access to the iconic “World of Warcraft” franchise and other popular video games, as Blizzard Entertainment’s servers in the country went offline after two decades.

    The company’s services in China were suspended at midnight local time on Tuesday, marking the end of an era for fans, after a licensing agreement with longtime local partner NetEase

    (NTES)
    expired.

    “World of Warcraft,” also known as “WoW,” is a hugely popular online multiplayer game that allows users to fight monsters and journey through expeditions in the medieval world of Azeroth.

    Many gamers around the world have grown up with the smash hit, including in China. That was underscored in recent days, as Chinese fans expressed their disbelief over the loss of their longtime pastime in social media posts.

    “When I woke up, I still didn’t want to accept [it],” one user said on Weibo, China’s Twitter-like platform, on Tuesday. “I cried all night in my sleep because the game went offline. I dreamed that I was crying in the middle of the class.”

    Another player described “World of Warcraft” as “my first love.”

    “I really can’t forget it,” they wrote.

    The suspension follows a bitter dispute between Blizzard, a unit of Activision Blizzard

    (ATVI)
    , and NetEase.

    Foreign publishers must work with local partners to offer video games in China. Last November, however, Blizzard and NetEase announced they would not renew licensing agreements that were set to expire this month.

    Those deals had covered the publication of several popular Blizzard titles in mainland China, including “World of Warcraft,” “Hearthstone,” and “Diablo III,” since 2008. In separate statements at the time, both sides said they were unable to reach a new agreement on key terms, without giving further details.

    Now, the discussions appear to have gotten more acrimonious.

    In a statement last Tuesday, Blizzard said it had reached out to NetEase to seek “their help in exploring a six-month extension to the current agreement.”

    The US company said it had appealed to NetEase to let fans continue playing uninterrupted, “based on our personal feelings as gamers, and the frustration expressed to us by Chinese players.”

    “Unfortunately, after renewed discussions last week, NetEase did not accept our proposal for an extension,” Blizzard said.

    NetEase hit back with its own statement last week.

    In unusually terse comments, the Chinese tech and gaming giant accused Blizzard of blindsiding it with its “sudden statement” and called the US company’s proposal “outrageous, inappropriate, and not in line with business logic.”

    NetEase also pointed out that Blizzard had already “started the work of finding new partners” in China, putting the Hangzhou-based company in an “unfair” position.

    The public spat marked an unexpected twist in the companies’ 14-year partnership.

    Under a separate agreement, the companies are working together on the joint development and publishing of “Diablo Immortal,” another widely followed multiplayer game that allows users to slay demons in an ancient world. NetEase said in a statement in November that this collaboration would continue.

    Blizzard said in December that “World of Warcraft” fans would be able to back up their playing history and ensure all progress was saved as it wound down its agreement and looked for a new partner.

    This week’s shutdown has been emotional, even for senior leadership at NetEase.

    In a LinkedIn post Monday, Simon Zhu, president of global investments and partnerships of NetEase Games, detailed how he grew up with Blizzard games in China, including older “Warcraft” and “Diablo” titles.

    “Only [a] few hours before Blizzard Games servers shut down in China, and that is a very very big deal for players in China,” he wrote.

    “Today is such a sad moment to witness the server shutdown, and we don’t know how things will play out in the future. The biggest victim would be players in China who live and breathe in those worlds.”

    Activision Blizzard, which previously had another Chinese partner before teaming up with NetEase, said it is continuing its search for a new distribution partner.

    “Our commitment to players on mainland China remains strong as we continue to work with Tencent to distribute ‘Call of Duty: Mobile,’ as well as continue active talks with potential partners to resume gameplay for Blizzard’s iconic franchises,” an Activision Blizzard spokesperson told CNN.

    [ad_2]

    Source link

  • Strava acquires Fatmap, a 3D mapping platform for the great outdoors

    Strava acquires Fatmap, a 3D mapping platform for the great outdoors

    [ad_1]

    Strava, the activity tracking and social community platform used by more than 100 million people globally, has acquired Fatmap, a European company that’s building a high-resolution 3D global map platform for the great outdoors. Terms of the deal were not disclosed.

    Founded in 2009, Strava has emerged as one of the preeminent activity tracking services, proving particularly popular in the cycling and running fraternities which use the Strava app to plot routes, converse with fellow athletes, and record all their action for posterity via GPS. The company has increasingly been targeting hikers too, and last year it launched a new trail sports and routes option aimed at walkers, mountain bikers, and trail runners.

    Fatmap, for its part, was founded a decade ago, with an initial focus on providing ski resorts with high-resolution digital maps. In the intervening years, the company has worked with various satellite and aerospace companies to bolster its platform with detailed maps incorporating summits, rivers, passes, paths, huts, and more, arming anyone venturing into mountainous terrain the information they need to know exactly what they’ll encounter before they arrive.

    Fatmap in action Image Credits: Fatmap / Strava

    With 1.6 million registered users, Fatmap’s mission, ultimately, is to be the Google Maps of the great outdoors, with a premium subscription ($30 / year) unlocking access to extra features such as downloadable maps and route planning in the mobile app.

    Integrated

    The ultimate long-term goal for Strava is to integrate Fatmap’s core platform into Strava itself, but that will be a resource-intensive endeavor that won’t happen overnight. And that is why Strava is working to create a single sign-on (SSO) integration in the near-term, meaning that subscribers will be able to access the full Fatmap feature-set by logging into the Fatmap app with their Strava credentials.

    While Strava and Fatmap will remain separate products for now, Strava said that it will decide in the future whether Fatmap will live on as a standalone product once the technical integration has taken place.

    CEO and cofounder Michael Horvath, who stepped down in 2013 before returning as head honcho six years later, said that the Fatmap acquisition is part of Strava’s “ongoing investment to provide a best-in-class digital experience” for those seeking an active lifestyle.

    “Where other map platforms have been designed for navigating streets and cities, Fatmap built a map designed specifically to help people explore the outdoors,” Horvath told TechCrunch in a Q&A. “We will enable Fatmap technology in all of Strava’s services, empowering anyone to discover and plan an outdoor experience with curated local guides, points of interest and safety information.”

    In terms of timescales, Strava said that it has set up a dedicated team tasked with integrating Fatmap, and it anticipates this to start showing up inside Strava from around mid-2023. The company was also quick to stress that Fatmap’s tech will be available to both free and paid-for Strava members, though certain features relating to maps, discovery, and route-planning will be reserved for paying subscribers.

    Strava provided TechCrunch with the following mockup to give an idea of what Fatmap might look like inside a future incarnation of Strava.

    Strava / Fatmap integration mockup

    Strava / Fatmap integration mockup

    Strava has raised north of $150 million in funding since its inception, with big-name backers including esteemed Silicon Valley investor Sequoia Capital, but the company hasn’t engaged in much acquisition activity in its 14 year history. Strava did acquire injury prevention app Recover Athletics last May for an undisclosed figure though, and today we’ve learned that Strava also bought online athlete community Prokit in 2021, something that Strava didn’t officially announce at the time.

    It’s clear that the proprietary 3D mapping technology Fatmap had developed would have taken too much time and resources for Strava to replicate itself from scratch, which is why buying Fatmap outright likely made more sense in this instance.

    “Strava’s primary goal is to be the digital experience at the center of active people’s lives — that includes offering people a holistic view of their active lifestyle, no matter where they live, which sport they love or what device they use,” Horvath said. “This concept fuels much of our strategic thinking and product roadmap. For acquisitions specifically, we explore those that can accelerate our strategic vision to create the best subscription service for active people serving the largest active community in the world.”

    While Fatmap is incorporated in the U.K. and has part of its workforce based there, the bulk of its 50 employees are spread across offices in France, Germany and Lithuania. Strava said that it’s keeping the Fatmap team in tact, and each will continue to report to Fatmap founder and CEO Misha Gopaul, who will now serve as VP of Product at Strava and report to Strava’s chief product and technology officer Steve Lloyd.

    While Strava isn’t revealing how much it paid for Fatmap, the startup had only raised around $8 million so the deal is unlikely to break the bank for Strava. What it will do, though, alongside its other two recent acquisitions, is make Strava a stickier proposition for a greater number of people — not just cycling and running for which Strava is better known.

    [ad_2]

    Paul Sawers

    Source link

  • UK’s Crown Estate sues Twitter over alleged non-payment of rent in London offices | CNN Business

    UK’s Crown Estate sues Twitter over alleged non-payment of rent in London offices | CNN Business

    [ad_1]


    London
    CNN
     — 

    The Crown Estate, a British commercial property portfolio historically belonging to the monarch, began court proceedings against Twitter over the tech giant’s alleged non-payment of rent in its London offices, a spokesperson of the property business told CNN on Monday.

    The Crown Estate is run by an independent board and boasts a collection of commercial buildings and land which generate profits that are collected by the British government for public spending.

    According to the Crown Estate spokesperson, the legal action follows previous contact with Twitter regarding the rental arrears on its office space at 20 Air Street, London. Discussions between the companies are ongoing, the spokesperson added.

    CNN has reached out to Twitter for comment.

    Twitter currently faces at least one other lawsuit over unpaid rent. A commercial landlord is suing Twitter for breach of contract after the company allegedly failed to pay rent for one of its offices in San Francisco.

    The lawsuit concerns Twitter’s office space at 650 California Street, not its main headquarters on Market Street. But it came after media reports said Twitter’s new owner, Elon Musk, had stopped paying rent on Twitter’s office space globally — including for its headquarters — and had told employees not to pay company vendors, in an apparent effort to cut costs.

    Musk acquired Twitter for $44 billion, including a substantial amount of debt financing.

    – CNN’s Brian Fung contributed to this report

    [ad_2]

    Source link

  • Bluedot’s debit card for EV owners offers cheaper charging, cash back

    Bluedot’s debit card for EV owners offers cheaper charging, cash back

    [ad_1]

    Electric vehicles accounted for nearly 6% of all new cars sold in the U.S. in 2022, an increase from 3.1% the year before, and that number will continue to grow over the coming years. While it’s still a young industry, the ecosystem surrounding EVs — from EV charging and installation to insurance products and parking — is shaping up to be one that’s disconnected and somewhat complicated.

    So say the founders of Bluedot, a banking and rewards platform for EV owners that aims to enhance the after-sales experience. Here’s how it works: Individual owners or fleet managers sign up for Bluedot’s debit card, which they’ll use for all auto-related purchases, but predominantly for EV charging. Bluedot is currently offering customers a flat fee of $0.30 per kilowatt hour of charging with participating EV charging stations, and 20% cash back on charges with nonparticipating charging networks. Customers find stations and pay directly for charges with partner charging companies on Bluedot’s app, saving them the need to download multiple apps.

    Bluedot users also get 5% cash back on all automotive expenses, plus another 2% cash back for all other expenses. In addition, the company provides users with rewards in nearby shopping and dining locations. So while waiting for their car to charge, a customer can walk over to the local Starbucks for a coffee and get 10% cash back on that purchase, or do some shopping at Whole Foods and score another 15% cash back, for example.

    The startup, which will join Y Combinator’s winter 2023 cohort and recently closed a $2 million pre-seed, is initially focusing on charging stations, in part because it’s an industry that’s about to blow up with federal and state funding. The Inflation Reduction Act, which President Joe Biden signed into law in August 2022, gives all states access to over $1.5 billion in funding to facilitate EV charging projects. That might end up looking like a big push to install infrastructure without much cohesion.

    Bluedot’s app aggregates nearby EV charging stations and offers rewards for charging. Image Credits: Bluedot

    Bluedot wouldn’t say which charging companies it works with to offer its flat fee, but the startup said customers could initiate charging through the Bluedot app at around 60% of all charging stations across the U.S. To grow its partner network, Bluedot is targeting smaller and newer charging companies that might not have the resources to create their own app and payments platform.

    “New EV charging companies are seeking solutions like ours to increase visibility and accessibility for drivers, optimize payment processes, and improve utilization rate of charging stations,” Selinay Filiz Parlak, Bluedot’s co-founder and chief operating officer, told TechCrunch. “Bluedot is working on integrating financial technology to help these companies make their charging stations more viable and accessible to drivers.”

    “Currently, utilization in most of the charging station networks ranges from 5% to 8%. Bluedot aims to raise this rate above 15%. We began with small charging station companies, but our goal is to bring all brands together with financial technology for users,” continued Parlak.

    Bluedot’s main customers today are individual drivers who found the startup through partnerships with auto dealers and ride-share companies. Parlak says Bluedot’s next target is fleets to help them manage expenses and charging processes and get better deals.

    “For example, one of our partners is a leasing company that rents cars out to a bunch of delivery drivers who are managed by a fleet manager,” said Parlak. “They want to offer a larger charging station ecosystem, which is easier to bill and then reimburse, which we offer. And they also want to get better deals around electrification.”

    Bluedot is also manually pulling data for customers on their charging habits, how much they spend, how much power they use, their top charging locations, the amount of carbon dioxide emissions they’ve prevented by using an EV, and so on. In the future, the company wants to automate that task to make it smarter and more scalable.

    During YC, Bluedot wants to focus on growth and product development.

    “Our goal is to establish partnerships and make deals leading up to demo day,” Ferhat Babacan, Bluedot’s CEO and co-founder, told TechCrunch. “Specifically, we aim to secure partnerships in the areas of auto dealership, charging networks, and auto-related expenses. Additionally, we plan to initiate pilot tests for the Bluedot Fleet Card.”

    [ad_2]

    Rebecca Bellan

    Source link

  • How to find anything on an Apple iPhone, iPad and Mac

    How to find anything on an Apple iPhone, iPad and Mac

    [ad_1]

    Apple has a feature that can make your searches a bit easier, and it’s called Spotlight Search. It is available on all iPhones, iPads, and Macs that have an iOS 8 update or later.

    What is Spotlight Search?

    The purpose of Spotlight Search is to cut down the time wasted looking around for a specific app on your phone or a photo you might have sent to a friend weeks ago. Instead, you can type something into Spotlight Search, which will scan your entire device for anything related to the term you’ve typed.

    CLICK TO GET KURT’S CYBERGUY NEWSLETTER WITH QUICK TIPS, TECH REVIEWS, SECURITY ALERTS AND EASY HOW-TO’S TO MAKE YOU SMARTER

    Spotlight Search can search for many things, including your music, contacts, email, weather, calendar, maps, news and more. It can even bring in outside results from the internet and App Store. Or suppose you want to do a quick math equation, currency conversion, measurement conversion, or temperature conversion. In that case, Spotlight Search will instantly give you the answer you’re looking for.

    HOW TO CHANGE YOUR FONT SIZE ON AN IPHONE

    Start looking for content on your Apple device by opening the Search function.
    (Fox News)

    Why is Spotlight Search better than searching in specific apps?

    Spotlight Search ultimately pulls more content for you, giving you all the options you need on one page rather than having to open multiple different apps to search for something. Let’s say, for example, you wanted to listen to Billy Joel’s song “Piano Man.” 

    You can type in “Billy Joel ‘Piano Man’” into your Spotlight Search. It will give you a tab to go straight to the song on Apple Music and provide you with website links to his music videos and the Wikipedia page to the song’s history, so you can get way more out of your search.

    HOW TO STOP YOUR CELL PHONE FROM DYING SO FAST

    An example of how to search for content on your Apple device. In this case, Billy Joel's "Piano Man."

    An example of how to search for content on your Apple device. In this case, Billy Joel’s “Piano Man.”
    (Fox News)

    How to open Spotlight Search on your iPhone or iPad

    If you have the iOS 16 update or above:

    • It can be accessed by swiping down from the middle of your home screen
    • Click the Search circle (may also appear as a few horizontal dots) on the first page of your home screen just above your Phone, Email, Safari and Apple Music apps. This will automatically open Spotlight Search.

    WHICH APPS ARE DRAINING YOUR PHONE’S BATTERY?

    An example of how to use the Spotlight search function on your iPhone or iPad.

    An example of how to use the Spotlight search function on your iPhone or iPad.
    (Fox News)

    If you have the iOS 15 update or below:

    • Unlock your iPhone or iPad to reveal your home screen
    • Swipe left from the first page of your home screen, and then you will see the search window.

    WHY A GREEN AND ORANGE DOT ON YOUR PHONE CAN INDICATE SOMEONE LISTENING AND WATCHING

    Instructions on how to search for content on an Apple device.

    Instructions on how to search for content on an Apple device.
    (Fox News)

    How to open Spotlight Search on your Mac

    • Look at the top bar going across your Mac home screen (where the Apple Icon, File, Edit, etc. options are)
    • On the right side of that bar next to your Wi-Fi icon, there should be a magnifying glass icon. Click that to open Spotlight Search.

    Note: instructions may vary depending on model

    HOW TO REMOVE YOUR LOCATION FROM PHOTOS

    An example of how to open the search function on a Mac computer by pressing the magnifying glass.

    An example of how to open the search function on a Mac computer by pressing the magnifying glass.
    (Fox News)

    An example of what the Spotlight search function looks like when opened on a Mac computer.

    An example of what the Spotlight search function looks like when opened on a Mac computer.
    (Fox News)

    How to change search settings on an Apple device

    You can change the search settings to limit which apps and results appear while you’re searching. Here’s how:

    • Go to Settings and tap Siri & Search
    • Scroll down and select an app
    • Then select Show App in Search, Show Content in Search, Show on Home Screen, Suggest App, or Suggest Notifications.

    Let us know how you like this new Apple search feature. We’d love to hear from you.

    CLICK HERE TO GET THE FOX NEWS APP

    For more Apple tips, head over to CyberGuy.com and search “Apple” by clicking the magnifying glass at the top of my website. And be sure to subscribe to my free CyberGuy Report Newsletter by clicking the “Free newsletter” link at the top of my website.

    Copyright 2023 CyberGuy.com. All rights reserved. CyberGuy.com articles and content may contain affiliate links that earn a commission when purchases are made.

    [ad_2]

    Source link

  • Elon Musk Says Saudi Fund Wanted to Take Tesla Private

    Elon Musk Says Saudi Fund Wanted to Take Tesla Private

    [ad_1]

    Elon Musk testified on Monday in federal court that Saudi Arabia’s sovereign wealth fund had “unequivocally wanted to take Tesla private,” in a trial that centers on whether Mr. Musk’s statements in 2018 about taking the automaker off the stock market caused investors to lose billions of dollars.

    The judge overseeing the case, in San Francisco, had already ruled that some of Mr. Musk’s statements about taking the company private were untrue — including his claim that he had secured financing for the transaction.

    The testimony about the Saudi fund, the Public Investment Fund, came in response to questions by a plaintiff’s lawyer who pressed Mr. Musk, Tesla’s chief executive, for more details about the plan to take the company private. Mr. Musk said that officials from the Saudi fund had not signed documents committing to a deal and that they had not discussed how much they would invest in the deal.

    “The exact amount would not be knowable without knowing who else would participate,” he said. But he added that he believed “if they say they’re going to do something, they do.”

    Removing a public company from the stock exchange can be expensive and difficult. The people or investment firms seeking to take a business private have to come up with the money to buy all or most of its stock.

    The Saudi fund, which had amassed a 5 percent stake in Tesla before Mr. Musk announced his plans, would have been an important part of any deal. Mr. Musk had long claimed the Saudi investors were committed to the transaction, and communications contained in court filings showed that Mr. Musk criticized Saudi officials after news reports suggested that they were lukewarm about a deal.

    Mr. Musk and Tesla’s legal team unsuccessfully tried to compel the fund’s employees to testify in the trial. This month, the fund’s lawyers called the subpoenas “legally deficient” and “frankly, frivolous.” A spokesman for the fund did not immediately respond to a request for comment on Monday.

    On Aug. 7, 2018, Mr. Musk wrote on Twitter: “Am considering taking Tesla private at $420. Funding secured.” Mr. Musk then wrote: “Investor support is confirmed. Only reason why this is not certain is that it’s contingent on a shareholder vote.” Tesla’s share price jumped after Mr. Musk published those posts but fell as the proposal fizzled out.

    When asked whether he had priced Tesla at $420 per share because it would be “a joke your girlfriend would enjoy,” Mr. Musk said, “There is some karma around $420, though I should question whether that is good or bad karma at this point.” Mr. Musk then added that he picked $420 because it was about 20 percent more than Tesla’s share price at the time.

    Mr. Musk, wearing a dark suit and black surgical mask, entered the courtroom and walked straight to the witness stand. He watched the jurors as they walked in and nodded to them.

    Lawyers for the investors have argued that people made decisions about their investments in Tesla because Mr. Musk said he had obtained the funding needed to take Tesla private. But lawyers for Mr. Musk and Tesla have said it is possible investors made decisions based on Mr. Musk’s statement that he was considering taking Tesla private — a statement his lawyers claim was true.

    Legal experts have said that most companies and chief executives would probably have settled a case like this. But Mr. Musk has often shown a willingness to let lawsuits filed against him and Tesla go to trial.

    While he was on the witness stand on Friday, Mr. Musk acknowledged that his Twitter account provided important information about Tesla and that it had to follow rules from the Securities and Exchange Commission. But he denied that his social media posts were responsible for swings in Tesla’s share price. He also said he couldn’t be as comprehensive on Twitter as Tesla could be in S.E.C. filings and news releases.

    Mr. Musk also said that his friends, as well as Tesla’s executives and investors, had suggested that he take a break from Twitter before he posted about taking Tesla private.

    In 2018, Mr. Musk and Tesla settled a separate lawsuit with the S.E.C. about his proposal to take Tesla private. They paid fines to the S.E.C., and Mr. Musk agreed to resign as Tesla’s chairman and to allow a lawyer to review certain statements about the company before posting them on social media.

    The trial started three months after Mr. Musk acquired Twitter. Since then, he has fired most of its employees, changed its content rules and allowed previously banned or suspended users back onto the platform.

    [ad_2]

    Kalley Huang and Peter Eavis

    Source link