Google Cloud's Andrew Moore says AI must be more accessible to succeed
* Stories are summarized by an A.I.
* Stocks or companies mentioned: GOOG, AMZN, McAfee, AAPL, DAL, DB, F, FB, TSLA, and PYPL
Google Cloud's Andrew Moore says AI must be more accessible to succeed
GOOG (Alphabet Inc.) | VentureBeat
While Google Cloud AI head Andrew Moore faces a vast array of challenges in his new gig, one of his biggest priorities remains making the power of artificial intelligence accessible to as many people as possible. Moore previously worked with Google from 2006 to 2014 and last year rejoined the company as its Google Cloud AI head. By the same measure, if it becomes easier to see the impact of AI on real-world problems, that creates a new motivation for data scientists. “If you find yourself in an organization where they are saying, ‘Hey, we’re going to introduce AI because our competitors are using AI,’ there is a danger they will be using AI without connecting it to a business model,” he said. “I would just walk away from a project that doesn’t know why it’s using AI.”
Read More
U.S. launches probe of French plans to tax tech giants, a potential step to retaliation and a new transatlantic trade rift
AMZN (Amazon.com Inc.) | The Washington Post
French president Emmanuel Macron has voiced support for new taxes on large tech companies. A number of other countries are considering similar levies, on the belief that wealthy U.S. tech giants aren’t paying enough tax worldwide. The French levy would impose a 3 percent tax on certain revenue that large tech companies earn inside France. Legislators call it a tax on Les GAFA — the acronym for Google, Amazon, Facebook and Apple — companies that France has accused of paying insufficient income tax. If the French tax comes into force, it could be the first of many.
Read More
McAfee Could Make Good For Intel, Private Equity Owners In New IPO
McAfee, LLC | Forbes
The report comes on the heels of cybersecurity firm CrowdStrike’s successful IPO last month. Intel, known for manufacturing semiconductors, bought the anti-virus maker for $7.6 billion in cash in 2011. Five years later it sold a majority stake to TPG for $1.1 billion, in a cut-price deal that gave an enterprise value of just $4.2 billion to McAfee. The following year private equity firm Thoma Bravo bought a minority stake in the company. The boost in cash flow could mean that Intel, which still owns 49% of McAfee, will eventually make money from its deal.
Read More
Apple Might Scoop Up Thousands of Intel Patents in Pursuit of 5G Modem
AAPL (Apple Inc.) | The Motley Fool
Last month, Intel kicked off an auction for all those patents, and Apple has emerged as a probable buyer as part of its ongoing effort to develop an in-house 5G modem. If talks with that unnamed bidder fall through, the auction could potentially reopen to other parties. The mobile portfolio that Intel is looking to sell comprises approximately 8,500 patents related to wireless technologies including 3G, 4G, and 5G, as well as related implementation methods. Apple had little choice but to mend its relationship with Qualcomm in order to launch a 5G iPhone, which is expected to happen next year. Apple buying up all that IP would be the best outcome for everyone involved, allowing Intel to unload the patents expeditiously while accelerating Apple's 5G road map.
Read More
US passenger jet makes emergency landing after engine problem
DAL (Delta Air Lines Inc.) | BBC
Video shot by a passenger showed what appeared to be a nose cone loose inside one of the engines. Delta Flight 1425, travelling from Atlanta to Baltimore with 154 people, landed safely in North Carolina. Passenger Logan Webb posted video on social media showing a metal part moving around inside the engine with an orange glow behind it. The captain announced the plane had lost an engine and preparations were being made for an emergency landing, passenger Jose Bahamonde-Gonzalez told WMAR-TV. Video shot inside the cabin recorded flight attendants telling passengers to brace for the landing at Raleigh-Durham International Airport.
Read More
U.S. Investigating Deutsche Bank's Dealings With Malaysian Fund 1MDB
DB (Deutsche Bank AG) | The Wall Street Journal
The sprawling, multibillion-dollar Malaysian development fraud scandal that has toppled a prime minister and stretched from Hollywood to Wall Street is threatening to implicate another major global financial institution: Deutsche Bank AG. The U.S. Justice Department is investigating whether the German lender violated foreign corruption or anti-money-laundering laws in its work for the 1Malaysia Development Bhd. fund, which included helping the fund raise $1.2 billion in 2014 as concerns about the fund’s management and financials.
Read More
Ford recalling 58,000 Focus cars due to possible issues with fuel tank
F (Ford Motor Company) | KWCH
The Ford Motor Company is recalling about 58,000 Ford Focus cars due to possible issues with the fuel tank. CNN reports the recall affects some 2012 and 2017 Ford Focus models, as well as some 2013-14 Focus ST models in North America. "The powertrain software in some of these cars may not work properly, which could deform the fuel tank," CNN reports. CNN reports the issue is connected with another recall from October, in which Ford recalled nearly 1.5 million Focus cars for the same issue. Ford says some cars were improperly serviced for that recall, leading the company to issue another one, CNN says.
Read More
Fed chief says Facebook currency project raises 'serious concerns'
FB (Facebook Inc.) | Reuters
U.S. Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook’s (FB.O) plan to build a digital currency called Libra “cannot go forward” until serious concerns are addressed, comments that pressured the project and dented the price of the original cryptocurrency bitcoin.
Read More
Former Tesla employee admits uploading Autopilot source code to his iCloud
TSLA (Tesla Inc) | The Verge
The former employee was one of around 40 people with direct access to the source code for Autopilot, which is Tesla’s advanced driver assistance system. The company claimed Cao began uploading “complete copies of Tesla’s Autopilot-related source code” to his personal iCloud account late last year. He also admits he created zip files containing Autopilot source code in late 2018, and confirmed that XPeng extended him an offer letter on December 12th. While Cao does not specify when he formally accepted the job at XPeng, Tesla says his last day was January 3rd. Prior to his departure from Tesla, Cao diligently and earnestly attempted to remove any and all Tesla intellectual property and source code from his own personal devices.”
Read More
Better Buy: Shopify vs. PayPal
PYPL (PayPal Holdings Inc.) | The Motley Fool
But to determine which company looks like the better long-term buy from here, let's take a look at how each company is growing. With more than 277 million total active accounts, PayPal's dominance in the digital payment space isn't going anywhere anytime soon. But it's not just online payment services that make this stock worth considering. The company is also moving into new digital payment markets as well, such as through its Venmo app. For example, PayPal has a trailing 12-month free cash flow of nearly $6 billion, while Shopify is still in the red.
Read More
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* Stocks or companies mentioned: GOOG, AMZN, McAfee, AAPL, DAL, DB, F, FB, TSLA, and PYPL
Google Cloud's Andrew Moore says AI must be more accessible to succeed
GOOG (Alphabet Inc.) | VentureBeat
While Google Cloud AI head Andrew Moore faces a vast array of challenges in his new gig, one of his biggest priorities remains making the power of artificial intelligence accessible to as many people as possible. Moore previously worked with Google from 2006 to 2014 and last year rejoined the company as its Google Cloud AI head. By the same measure, if it becomes easier to see the impact of AI on real-world problems, that creates a new motivation for data scientists. “If you find yourself in an organization where they are saying, ‘Hey, we’re going to introduce AI because our competitors are using AI,’ there is a danger they will be using AI without connecting it to a business model,” he said. “I would just walk away from a project that doesn’t know why it’s using AI.”
Read More
U.S. launches probe of French plans to tax tech giants, a potential step to retaliation and a new transatlantic trade rift
AMZN (Amazon.com Inc.) | The Washington Post
French president Emmanuel Macron has voiced support for new taxes on large tech companies. A number of other countries are considering similar levies, on the belief that wealthy U.S. tech giants aren’t paying enough tax worldwide. The French levy would impose a 3 percent tax on certain revenue that large tech companies earn inside France. Legislators call it a tax on Les GAFA — the acronym for Google, Amazon, Facebook and Apple — companies that France has accused of paying insufficient income tax. If the French tax comes into force, it could be the first of many.
Read More
McAfee Could Make Good For Intel, Private Equity Owners In New IPO
McAfee, LLC | Forbes
The report comes on the heels of cybersecurity firm CrowdStrike’s successful IPO last month. Intel, known for manufacturing semiconductors, bought the anti-virus maker for $7.6 billion in cash in 2011. Five years later it sold a majority stake to TPG for $1.1 billion, in a cut-price deal that gave an enterprise value of just $4.2 billion to McAfee. The following year private equity firm Thoma Bravo bought a minority stake in the company. The boost in cash flow could mean that Intel, which still owns 49% of McAfee, will eventually make money from its deal.
Read More
Apple Might Scoop Up Thousands of Intel Patents in Pursuit of 5G Modem
AAPL (Apple Inc.) | The Motley Fool
Last month, Intel kicked off an auction for all those patents, and Apple has emerged as a probable buyer as part of its ongoing effort to develop an in-house 5G modem. If talks with that unnamed bidder fall through, the auction could potentially reopen to other parties. The mobile portfolio that Intel is looking to sell comprises approximately 8,500 patents related to wireless technologies including 3G, 4G, and 5G, as well as related implementation methods. Apple had little choice but to mend its relationship with Qualcomm in order to launch a 5G iPhone, which is expected to happen next year. Apple buying up all that IP would be the best outcome for everyone involved, allowing Intel to unload the patents expeditiously while accelerating Apple's 5G road map.
Read More
US passenger jet makes emergency landing after engine problem
DAL (Delta Air Lines Inc.) | BBC
Video shot by a passenger showed what appeared to be a nose cone loose inside one of the engines. Delta Flight 1425, travelling from Atlanta to Baltimore with 154 people, landed safely in North Carolina. Passenger Logan Webb posted video on social media showing a metal part moving around inside the engine with an orange glow behind it. The captain announced the plane had lost an engine and preparations were being made for an emergency landing, passenger Jose Bahamonde-Gonzalez told WMAR-TV. Video shot inside the cabin recorded flight attendants telling passengers to brace for the landing at Raleigh-Durham International Airport.
Read More
U.S. Investigating Deutsche Bank's Dealings With Malaysian Fund 1MDB
DB (Deutsche Bank AG) | The Wall Street Journal
The sprawling, multibillion-dollar Malaysian development fraud scandal that has toppled a prime minister and stretched from Hollywood to Wall Street is threatening to implicate another major global financial institution: Deutsche Bank AG. The U.S. Justice Department is investigating whether the German lender violated foreign corruption or anti-money-laundering laws in its work for the 1Malaysia Development Bhd. fund, which included helping the fund raise $1.2 billion in 2014 as concerns about the fund’s management and financials.
Read More
Ford recalling 58,000 Focus cars due to possible issues with fuel tank
F (Ford Motor Company) | KWCH
The Ford Motor Company is recalling about 58,000 Ford Focus cars due to possible issues with the fuel tank. CNN reports the recall affects some 2012 and 2017 Ford Focus models, as well as some 2013-14 Focus ST models in North America. "The powertrain software in some of these cars may not work properly, which could deform the fuel tank," CNN reports. CNN reports the issue is connected with another recall from October, in which Ford recalled nearly 1.5 million Focus cars for the same issue. Ford says some cars were improperly serviced for that recall, leading the company to issue another one, CNN says.
Read More
Fed chief says Facebook currency project raises 'serious concerns'
FB (Facebook Inc.) | Reuters
U.S. Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook’s (FB.O) plan to build a digital currency called Libra “cannot go forward” until serious concerns are addressed, comments that pressured the project and dented the price of the original cryptocurrency bitcoin.
Read More
Former Tesla employee admits uploading Autopilot source code to his iCloud
TSLA (Tesla Inc) | The Verge
The former employee was one of around 40 people with direct access to the source code for Autopilot, which is Tesla’s advanced driver assistance system. The company claimed Cao began uploading “complete copies of Tesla’s Autopilot-related source code” to his personal iCloud account late last year. He also admits he created zip files containing Autopilot source code in late 2018, and confirmed that XPeng extended him an offer letter on December 12th. While Cao does not specify when he formally accepted the job at XPeng, Tesla says his last day was January 3rd. Prior to his departure from Tesla, Cao diligently and earnestly attempted to remove any and all Tesla intellectual property and source code from his own personal devices.”
Read More
Better Buy: Shopify vs. PayPal
PYPL (PayPal Holdings Inc.) | The Motley Fool
But to determine which company looks like the better long-term buy from here, let's take a look at how each company is growing. With more than 277 million total active accounts, PayPal's dominance in the digital payment space isn't going anywhere anytime soon. But it's not just online payment services that make this stock worth considering. The company is also moving into new digital payment markets as well, such as through its Venmo app. For example, PayPal has a trailing 12-month free cash flow of nearly $6 billion, while Shopify is still in the red.
Read More
Download Folo, add stock symbols to your watchlist, and get notified.
When you look up U.S or China stock symbols and add them to Watchlist, Folo, an A.I. based news curator will keep you updated with stock news from 270 sources.
Download on the App Store
http://folo.moya.ai
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