What happened Apple apologized for a series of privacy oopsies involving its voice assistant, Siri Apple came under fire for hiring hundreds of third-party contractors to listen to recordings of user interactions with Siri to train and improve the artificial intelligence (AI) product. Apple said less than 0.2% of all Siri requests were reviewed using audio samples….
Author: Finterest
Ep 56: Trump will raise tariff rates on Chinese goods
Long story short President Donald Trump says the U.S. will hike tariffs on most imports from China as his trade war with Beijing escalates. The U.S. will raise duties on $250 billion in Chinese goods to 30% from 25% and increase tariffs on another $300 billion in products to 15% from 10%. Earlier, China announced…
Ep 55: The Way Of Diversification
What’s Going On Here? The world’s largest pension fund revealed its stock, bond, and currency investments all followed one another and lost money at the end of last year. What Does This Mean? A “diversified portfolio” – comprising stocks, bonds, and more – is a good way to offset any losses in one asset with gains elsewhere. And by rebalancing regularly, a…
Ep 54: This is what’s behind Walmart’s staying power that could outmaneuver Amazon
Long story short For nearly 20 years Walmart, the world’s largest retailer, has struggled to pull its online act together while rival Amazon.com seized nearly half of the U.S. online shopping market and snared a big presence abroad. But now the company’s multibillion-dollar investment campaign seems to be paying off in the form of online…
Ep 53: Beyond Meat’s vegan burger is heading to HelloFresh meal kits
What’s going on here? Beyond Meat has landed another partnership. HelloFresh will start offering the Beyond Burger in its U.S. meal kits. The vegan burger has been on the Berlin-based company’s menus in Canada. What does that mean? Its U.S.-based competitor Blue Apron announced last month its own partnership with Beyond Meat, sending its shares surging. In June, Blue Apron…
Ep 52: Huawei unveils its rival to Android: Harmony
What’s going on here? Huawei has finally unveiled its own operating system, a move that could help shield the smartphone maker from the escalating US-China trade war. What does that mean? The reveal of Harmony OS comes months after Huawei was placed on a US trade blacklist that barred American firms from selling tech and software…
Ep 51: Trump accuses China of a ‘major violation’
Keep it brief For the first time in more than a decade, China allowed its currency (yuan) to weaken past the psychologically important point of 7 to the dollar. President Donald Trump said that marked a “major violation” and accused China of unfairly wielding its currency to retaliate against the US. The weakening yuan will…
Ep 50: Saving Face
What’s Going On Here? Facebook posted better-than-expected second-quarter results, and investors liked it: its stock initially rose 3%. What Does This Mean? Facebook’s monthly active users were up 8% last year – the same rate as in the company’s first-quarter – which, given investors had been expecting growth to slow, likely helped it exceed quarterly revenue forecasts. Despite Facebook’s…
Ep 49: Bitcoin vs Libra: key differences
Keypoint Libra and bitcoin are different in a lot of ways: the technology behind them, and the way they’re used. What are the differences? Different technology Similarities: both Bitcoin and Libra use distributed ledger technology known as blockchain. Differences: With bitcoin: it’s essentially a database maintained by a network of computers, on which transactions are secured…
Ep 48: Massivesoft
What’s Going On Here? Tech titan Microsoft booted up better-than-expected quarterly results, helping its stock rise… What Does This Mean? Microsoft’s total profit was much higher than investors had forecast. The company’s fast-growing cloud computing segment continued its ascent, with sales eclipsing investors’ predictions. A decision from a federal judge stands to improve its prospects further: rival…
with HT 