By msmash from
Slashdot's how-they-think department:
Snap, the company behind instant messaging app Snapchat, went public this morning at price that values the loss-making tech company at $33 billion. Here's how the investors are valuing the company: At $33 billion, investors are saying Snap is worth 35 times what it's estimated to generate in sales this year, or about $936 million, according to eMarketer. Compare that with Facebook, which is currently worth about 10.5 times its estimated 2017 revenue. In other words, investors, for the moment, think Snap has three times more potential value than Facebook. That's a big bet. Snap lost $514 million last year on $404 million in revenue. Compare that with Twitter, which lost $79 million the year before its IPO, while Facebook made $1 billion in profit. Snap has 158 million daily active users. Facebook at its IPO had 845 million monthly active users and 483 million daily active users.
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By msmash from
Slashdot's how-it-all-happened department:
Amazon is apologizing for the disruptions to its S3 storage service that knocked down and -- in some cases affected -- dozens of websites earlier this week. The company also outlined what caused the issue -- the event was triggered by human error. The company said an authorized S3 team member using an established playbook executed a command which was intended to remove a small number of servers for one of the S3 subsystems that is used by the S3 billing process. "Unfortunately, one of the inputs to the command was entered incorrectly and a larger set of servers was removed than intended," the company said in a press statement Thursday. It adds: The servers that were inadvertently removed supported two other S3 subsystems. One of these subsystems, the index subsystem, manages the metadata and location information of all S3 objects in the region. This subsystem is necessary to serve all GET, LIST, PUT, and DELETE requests. The second subsystem, the placement subsystem, manages allocation of new storage and requires the index subsystem to be functioning properly to correctly operate. The placement subsystem is used during PUT requests to allocate storage for new objects. Removing a significant portion of the capacity caused each of these systems to require a full restart. While these subsystems were being restarted, S3 was unable to service requests. Other AWS services in the US-EAST-1 Region that rely on S3 for storage, including the S3 console, Amazon Elastic Compute Cloud (EC2) new instance launches, Amazon Elastic Block Store (EBS) volumes (when data was needed from a S3 snapshot), and AWS Lambda were also impacted while the S3 APIs were unavailable.
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By msmash from
Slashdot's storm-is-coming department:
Robotics and artificial intelligence will continue to improve -- but without political change such as a tax, the outcome will range from bad to apocalyptic, writes technology and politics journalist Ben Tarnoff, citing experts and studies, for The Guardian. From the article, shared by six anonymous readers: Despite a steady stream of alarming headlines about clever computers gobbling up our jobs, the economic data suggests that automation isn't happening on a large scale. The bad news is that if it does, it will produce a level of inequality that will make present-day America look like an egalitarian utopia by comparison. The real threat posed by robots isn't that they will become evil and kill us all, which is what keeps Elon Musk up at night -- it's that they will amplify economic disparities to such an extreme that life will become, quite literally, unlivable for the vast majority. A robot tax may or may not be a useful policy tool for averting this scenario. But it's a good starting point for an important conversation. Mass automation presents a serious political problem -- one that demands a serious political solution. Automation isn't new. In the late 16th century, an English inventor developed a knitting machine known as the stocking frame. By hand, workers averaged 100 stitches per minute; with the stocking frame, they averaged 1,000. This is the basic pattern, repeated through centuries: as technology improves, it reduces the amount of labor required to produce a certain number of goods. So far, however, this phenomenon hasn't produced extreme unemployment. That's because automation can create jobs as well as destroy them. What's different this time is the possibility that technology will become so sophisticated that there won't be anything left for humans to do. What if your ATM could not only give you a hundred bucks, but sell you an adjustable-rate mortgage?
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By msmash from
Slashdot's let-me-go department:
An anonymous reader shares a report: India's major IT firms have long required their employees to give a three-month, "non-negotiable" notice before leaving the company, but they could be soon forced to change that. Fed-up IT professionals from across India have reached out to the government, complaining that it is "unrealistic" for anyone to plan that far ahead. Over 28,000 professionals have signed a petition, addressed to the ministry of labor, to take immediate action on the matter. Part of the problem is that many companies are unwilling to wait for three months to have a person join them, many cited in the report say. Some of India's top IT firms including Tata Consultancy Services, Infosys, Tech Mahindra, HCL, Accenture and IBM impose the three-month notice period policy on their employees.
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By msmash from
Slashdot's shape-of-things-to-come department:
An anonymous reader shares a CIO article: Sixty-three-year-old Bob Zhang is worried about the future of tech jobs in the U.S. Will the high-paying positions be a thing of the past? Zhang thinks it's already starting to happen. He's one of 79 IT workers from the University of California, San Francisco, who've been laid off. Tuesday was their last day on the job. To replace them, the school is outsourcing some of their work to an Indian firm. "Usually, they outsource the low-paying jobs," he said at a gathering outside a school building. "But now they use H-1B (visa) and use foreign workers to replace the high-paying jobs. This trend is dangerous." It was a sentiment shared among the laid-off IT workers, who've tried to push the school to save their positions, to no avail. Now they fear other publicly-funded universities will take the same approach, and replace U.S. employees with foreign workers. "Once you send out the manufacturing jobs, once you send out the service jobs, once you send out the research jobs, what's left? There's nothing left," said Tan, who's 55 and now looking for a new job. Kurt Ho, another laid-off worker, said he was paid an annual salary of about US$110,000, but the new workers replacing his position will fraction that amount. "In two years, I could be at another company, and I could be facing the same thing," he said.
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By BeauHD from
Slashdot's defy-space-and-time department:
An anonymous reader quotes a report from Rob Pegoraro via Yahoo Finance: Two things unite almost every phone on display here at Mobile World Congress 2017: Android and a headphone jack. Apple doesn't exhibit its wares at this trade show, so the domination of Google's operating system is predictable. But the headphone jack's persistence did not look so inevitable when Apple cut it from the iPhone 7 and iPhone 7 Plus last September. Lenovo's Motorola subsidiary had already shipped a phone without a headphone hack, the Moto Z, and Apple's influence over the rest of the smartphone industry remains formidable -- indeed, within months, the Chinese firm LeEco had debuted a lineup of Android phones devoid of headphone jacks. As my colleague David Pogue predicted in a post approving Apple's move: "Other brands worldwide will be following suit." The hardware on display here at the world's largest mobile tech conference, though, suggests otherwise. Two days of walking around the show floor showed companies expressing a consistent unwillingness to abandon the humble headphone jack, even on models as thin as, or thinner than, the iPhone 7. The MWC floor revealed only one company willing to do away with the headphone jack: HTC. The Taiwan-based firm, which has struggled financially for years despite shipping such well-reviewed models as the HTC 10, used its exhibit to showcase the U Ultra and the U Play, which rely on their USB-C ports for audio output. Unlike, Apple, though, the company didn't make the move to save space, but rather to incorporate its "USonic" feature, which lets the phones' headphones calibrate themselves to your ears and provide noise cancellation.
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By BeauHD from
Slashdot's safety-first department:
BrianFagioli quotes a report from BetaNews: As more and more consumers buy Mac computers, evildoers will have increased incentive to write malware for macOS. Luckily, users of Apple's operating system that choose to use Google Chrome for web surfing will soon be safer. You see, the search giant is improving its Safe Browsing initiative to better warn macOS users of malicious websites and attempts to alter browser settings. "As part of this next step towards reducing macOS-specific malware and unwanted software, Safe Browsing is focusing on two common abuses of browsing experiences: unwanted ad injection, and manipulation of Chrome user settings, specifically the start page, home page, and default search engine. Users deserve full control of their browsing experience and Unwanted Software Policy violations hurt that experience," says Google. The search giant further explains, "The recently released Chrome Settings API for Mac gives developers the tools to make sure users stay in control of their Chrome settings. From here on, the Settings Overrides API will be the only approved path for making changes to Chrome settings on Mac OSX, like it currently is on Windows. Also, developers should know that only extensions hosted in the Chrome Web Store are allowed to make changes to Chrome settings. Starting March 31 2017, Chrome and Safe Browsing will warn users about software that attempts to modify Chrome settings without using the API."
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By BeauHD from
Slashdot's forgot-my-keys department:
tedlistens writes from a report via Fast Company: Axon, Taser's growing police camera division, has announced a new wireless sensor for gun and Taser holsters that can detect when a weapon is drawn and automatically activate all nearby cameras. The sensor, Signal Sidearm, is part of a suite of products aimed at reducing the possibility that officers will fail to switch on their cameras during encounters with the public. It happens more than it should: Last year in Chicago, for instance, an officer apparently forgot to turn on his camera before fatally shooting and killing an unarmed 18-year-old named Paul O'Neal. Taser isn't alone in trying to address this and other technical and procedural issues with cameras, but reformers emphasize that just as body cameras won't solve problems with policing, new sensors won't prevent officers from failing to record. Fast Company adds: "Automatically-activated cameras won't be completely effective at providing oversight of police encounters: As happened when Baton Rouge police shot Alton Sterling last year, cameras can fall off during physical encounters, a problem that Taser has worked to address. They can also malfunction, or videos can be deleted. And civil liberties advocates complain that cameras are only as effective as the rules that guide their use: [...] the ACLU has complained that current city policy allowing officers to switch cameras off for privacy reasons gives police too much discretion over when to record. Other issues with cameras being resolved at the local level include the heavy costs of cloud video storage, and the question of whether officers are allowed to view their footage immediately after violent encounters -- a privilege not extended to the public."
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By BeauHD from
Slashdot's what's-that-smell department:
Scientists have developed a test designed to estimate how much urine has been covertly added to a large volume of water. "The test works by measuring the concentration of an artificial sweetener, acesulfame potassium (ACE), that is commonly found in processed food and passed through the body unaltered," reports The Guardian. The findings are published in the American Chemical Society journal. From the report: After tracking the levels of the sweetener in two public pools in Canada over a three-week period they calculated that swimmers had released 75 liters of urine -- enough to fill a medium-sized dustbin -- into a large pool (about 830,000 liters, one-third the size of an Olympic pool) and 30 liters into a second pool, around half the size of the first. Although the researchers were unable to confirm exactly what fraction of visitors were choosing to quietly relieve themselves in the water rather than making the shivery trip to the changing rooms, the results suggest that the urine content was being topped up several times each day. The findings make for unwelcome reading, but swimmers might find some comfort in the measurements from eight hot tubs, which were found to have far higher urine levels. One hotel Jacuzzi had more than three times the concentration of sweetener than in the worst swimming pool. In total, the team sampled 31 different pools and tubs in two Canadian cities and found ACE to be present in 100% of the samples, with concentrations up to 570 times the background level in tap water samples. They used the average ACE concentration in Canadian urine to convert their measurements into approximate volumes of urine.
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By BeauHD from
Slashdot's better-than-nothing department:
Following two separate security breaches revealed last year that compromised the personal information of more than 1.5 billion users, Yahoo CEO Marissa Mayer announced today via her Tumblr page that she will be redistributing her annual bonus and equity stock grant to Yahoo employees. The Verge reports: Relevant to Mayer's admission here, an independent committee Yahoo brought on to investigate the hacks found the company to be at fault for not sufficiently responding to the security incidents. "While significant additional security measures were implemented in response to those incidents, it appears certain senior executives did not properly comprehend or investigate, and therefore failed to act sufficiently upon, the full extent of knowledge known internally by the company's information security team," reads the committee's findings, which are contained in Yahoo's 10-K report for 2016. As a result of the hacks, Yahoo's top lawyer, Ron Bell, has been fired, Recode reported today. Mayer has accumulated about $162 million during the five years she's spent as the company's CEO in both salary and stock awards, according to CNN. She's also due about $55 million in severance if she decides to leave the company following its acquisition by Verizon. So it's safe to say her bonus would involve a hefty amount of money now going to Yahoo employees who have weathered the storm throughout Mayer's tumultuous tenure.
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By BeauHD from
Slashdot's eyes-on-the-road department:
Under new rules in England, Scotland and Wales, drivers caught using a phone within two years of passing their test will have their license revoked. BBC reports: Penalties for using a phone at the wheel double from March 1 to six points and a 200 British pound fine. New drivers who get six points or more must retake their practical and theory. More experienced drivers can be banned if they get 12 points in three years. Can I check social media or texts if I'm queuing in traffic or stopped at traffic lights? No -- a hand held phone cannot be used, even if stopped at lights. Texting and scrolling social media (even if the phone is mounted on a hands-free holder) is distracting and dangerous. It doesn't come under the handheld mobile phone law but the police may decide to charge you with a number of other offenses. Can I use my phone to listen to music, play podcasts or watch video clips? You can't watch video clips -- not even if your phone is mounted in a hands-free holder. You can use your phone to listen to music and podcasts but only if your phone is in a hands-free holder or connected by Bluetooth. However, just as you can be distracted by the noise of a car radio, if it affects your ability to drive safely, you could still be prosecuted by the police. Can I use my phone's sat nav? Yes -- as long as the phone is mounted in a hands-free holder. If it's in your hands, it's illegal. However, if you are distracted by the sat nav and it affects your ability to drive safely, you could still be prosecuted by the police.
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