Tuesday, 19 February 2019

‘There’s no way the US can crush us,’ Huawei founder claims.

Huawei’s founder has come out fighting against the U.S. government after he claimed that “there’s no way the US can crush us.”

Ren Zhengfei,  who founded the telecom company in 1987, doesn’t often make public statements, but, in a rare interview with the BBC, he defiantly claimed that Huawei’s business is growing stronger amid pressure from the U.S. government, which is pursuing criminal charges over alleged business dealings in Iran. Under those charges, CFO Meng Wanzhou was arrested during a trip to Canada.

“The world needs Huawei because we are more advanced. Even if they persuade more countries not to use us temporarily, we could just scale things down a little bit,” Ren told the BBC via a translator. “Because the U.S. keeps targeting us and finding fault with us, it has forced us to improve our products and services.”

Ren called the arrest of Meng — his daughter, who may be extradited to the U.S. — a “politically-motivated act [that] is not acceptable.”

“There’s no impact on Huawei’s business due to Meng Wanzhou’s loss of freedom, in fact, we are growing even faster,” he said. “They may have thought that if they’ve arrested her, Huawei would fall but we didn’t fall. We are still moving forward.”

By Jon Russell.
Full story at Tech Crunch.

Monday, 18 February 2019

UK gov report slams Facebook execs as 'digital gangsters'

FACEBOOK EXECUTIVES have been smalled as "digital gangsters" in a damning report from the Digital, Culture, Media and Sport select committee.

The report, which follows an 18-month investigation into 'fake news' by the committee, concludes that Facebook deliberately broke privacy and competition law and should be subject to a compulsory code of ethics overseen by an independent regulator.

The DCMS is also calling for an urgent investigation by the Information Commissioner, which has already fined Facebook £500,000 for its role in the Cambridge Analytica scandal

Citing internal documents given to it late last year by software firm Six4Three, the report says Facebook "intentionally and knowingly" violated laws by selling people's private data without their permission. 

By Carly Page.
Full story at The Inquirer.

Friday, 15 February 2019

Facebook is Negotiating a Record Multi-Billion Fine for Its Privacy Problems: Report.

Facebook is in active negotiations to resolve the Federal Trade Commission’s investigation into the company’s privacy failures, according to a new Washington Post report, talks that could result in a multi-billion dollar fine or a heavyweight court battle. The report didn’t include an exact figure and said that landing on an amount is the focus of the talks.

The negotiations have had a tumultuous beginning, but could lead to an agreement between the company and the government over a fine, business changes, and regular check ups, according to the Post. Any agreement would have to be approved by a judge. If negotiations go badly, that too would go to a federal judge and could lead to Facebook executives on the witness stand – an outcome the company will want to avoid.

The FTC investigation stems from the uproar after it was revealed last year that political consulting firm Cambridge Analytica accessed the personal data of 87 million Facebook’s users without explicit permission. The question at hand is if this and other lapses constitute a violation of deal known as a “consent decree” Facebook made with the FTC in 2011 to better protect the privacy of its users.

That deal was multifaceted and included an “affirmative express consent” agreement and a promise from Facebook that it would avoid “misrepresentations about the privacy or security of consumers’ personal information.” Investigators may believe that by allowing an organisation like Cambridge Analytica to access users’ personal information without knowledge or express consent, Facebook violated the agreement.

Full story at Gizmodo.
By Patrick Howell O'Neill.

Thursday, 14 February 2019


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Wednesday, 13 February 2019

Google paid Apple almost $10 billion in 2018.

It is a well-known fact that Google is paying loads of cash to Apple for featuring its search solution on iPhone, iPad, and other products. While neither confirmed nor denied, the deal exists; however, the amount Google is paying Apple is unknown. There were some estimates that mentioned an amount of $9 billion, and $12 billion starting 2019, and now a different source is talking about rather similar numbers.

$9.5 billion is what Goldman Sachs estimates that Google paid Apple in 2018. That’s roughly one-fifth of Apple’s Services revenue. All of that, just for Apple to keep Google as the default search engine on its mobile devices.

The report also touches on the idea of a Prime media solution, something that has been rumored recently.

By Anthony D. Nagy.
Full story at Pocket Now.

Tuesday, 12 February 2019

How China’s gamers could hurt Nvidia’s Q4 earnings.

Jensen Huang, president and chief executive officer of Nvidia Corp.,
speaks during the company's event at CES 2019 in Las Vegas.
(Photographer: David Paul Morris/Bloomberg via Getty Images)

Wall Street’s eyes will be on chip maker Nvidia (NVDA) when it announces its Q4 2019 earnings on Feb. 14. The Santa Clara, California-based company has hit quite a rough patch over recent quarters, and in January revealed that it was slashing its Q4 revenue estimates from $2.7 billion down to $2.2 billion for the quarter.

The cut comes as China’s economy begins to slow and as consumers become more hesitant about discretionary spending — putting a damper on graphics card sales.

Key data points for the company will be the number of graphics processing units (GPUs) sold, the health of its data center business, and its overall performance in China, where it has major exposure. And based on its guidance update, none of those numbers will look very pretty.

By Daniel Howley.
Full story at Yahoo News.