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Microsoft Prez Calls on Government to Regulate Facial Recognition Technology Following Public Backlash
Microsoft's president has called on the U.S. government to regulate the use of facial recognition technology, responding to the public backlash over its contract with the government to develop this controversial software. Brad Smith, Microsoft's president and chief legal officer, sought to balance the benefits and risks of computer-assisted facial recognition in a blog post published on Friday, noting that
iShares Enters Robotics ETF Fray
BlackRock, Inc.'s (NYSE: BLK) iShares unit, the world's largest issuer of exchange traded funds, entered the artificial intelligence and robotics arena Thursday with a new ETF. The iShares Robotics and Artificial Intelligence ETF (NYSE:IRBO) is the newest iShares ETF and the issuer's first focusing on the burgeoning AI and robotics investment themes. What Happened The AI and robotics ETF landscape
Robinhood Co-CEO Says Sovereign Nations Will One Day Make Cryptocurrencies Their Default Currencies
Despite its sustained slump, the cryptocurrency market just received a huge vote of confidence from one of the biggest venture capital firms in Silicon Valley when Andreessen Horowitz launched its highly anticipated crypto fund last week. The digital coin space had actually received another much-needed boost from one of the 25 richest unicorns in the world: Robinhood co-CEO Baiju Bhatt
Bloomberg Compares Bitcoin's Plunge to Pets.Com
If you are company attempting to reinvent your brand, you probably don't want to hear the business press compare your rebranding to New Coke, the infamous, failed experiment undertaken by the Coca-Cola Company to tweak the formula of the most popular soft drink in the world. Similarly, if you are seen as being at the forefront of a new innovation
7 Things Occupying Elon Musk's Time Other Than Model 3s
Elon Musk is sleeping at the office and erecting tent facilities to nurture his Model 3 baby. He’s so protective of the project he’s begun to birth theories about sabotage and attack “boneheaded” skeptics. Musk’s so convinced of Tesla Inc (NASDAQ: TSLA)’s auto prospects that he’s increasingly upped his bet on its success. Yet the mass-produced electric car is just one of many projects Musk has
Andrew Left Goes Long Fitbit, Sees 130% Upside
Fitbit Inc (NYSE: FIT) was already on the rise Monday when Citron Research came out with a bullish report touting Fitbit as one of the best medtech companies in the industry and forecasting 130-percent upside. “What was once a piñata for short-sellers (since IPO) has transformed itself to one of the most underappreciated med-tech stories in the market with a
A New Automation ETF For Traders Who Haven't Yet Been Replaced By Robots
Despite civilization’s rapid forward march toward mechanization, humanity has been routinely bad at predicting the scope, scale and impact of new technologies and the unforeseen consequences brought on by these sometimes massive shifts in how we as humans interact with the world. Case in point, a recent study from the PEW Research Center shows that, while two-thirds of Americans believe
Report: Microsoft, Walmart Collaborate on Checkout-Free Retail Technology
Walmart Inc (NYSE: WMT) could soon compete with Amazon.com, Inc. (NASDAQ: AMZN)'s cashierless Amazon Go stores with the help of Microsoft Corporation (NASDAQ: MSFT), according to Reuters. What Happened Amazon's checkout-free Amazon Go retail stores may become the new shopping norm, as Microsoft is working on developing a similar technology, according to a Reuters report that cited six people familiar
Bitcoin's Prospects Worsen After Researchers Find Evidence its Prices Were Artificially Propped Up
Two researches at the University of Texas in Austin have provided evidence to back up the growing concerns among some investors that Bitcoin's precipitous rise to a record $20,000 last December was artificially manipulated, which could plunge the cryptocurrency's value even lower than it's already fallen this year. John M. Griffin, a professor of finance, and Amin Shams, a graduate
How Microsoft Could Build the 'Netflix of Gaming'
Microsoft Corporation (NASDAQ: MSFT) has long been in the gaming business — the company began developing the original Xbox console in 1998. Microsoft’s share of the console market has slipped in recent years though and the landscape is set to change dramatically, but investors with an eye on gaming should rest assured that it's well-prepared to ride the trend, Morgan