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| World: Slashdot: (Laatste update: Donderdag 4 Juni 2020, 00:02:48
$350M Quant Fund Played the Stock Market Using Real-Time Data -- Then 2020 Happened
An anonymous reader quotes a report from The Next Web: Coatues $350 million data-driven quant fund made a swift exit from the market in early April -- having realized the coronavirus pandemic had rendered its algorithm unreliable, Business Insider reports. The tech-focused fund, launched by billionaire Philippe Laffont just over one year ago, joins a growing list of "quant funds" to have failed to turn a profit due to 2020s unpredictable nature. Quant funds use complex algorithms to find hidden trade signals in a hyperconnected web of data. While Coatues quant fund mixes old-school stock picking with quantitative analysis (a method dubbed "quantamental"), execs were reportedly concerned that data farmed in the midst of COVID-19 would confuse its in-house trading program. One example cited by Business Insiders sources highlighted the way Coatues program interpreted ecommerce data. It reportedly showed surges in website traffic for certain retailers as COVID-19 lockdowns spread across the world -- usually a positive sign for stock -- but failed to consider their dwindling revenues and closed physical stores. But Coatues quant fund had underperformed long before COVID-19 hit. In February, reports surfaced showing it had posted only 2% returns since its launch in May 2019, and had actually lost money (1.2%) in last years fourth quarter. On the other hand, Laffonts human-led fund bested the industry average to return 10% profit last year. Bloomberg has since noted that those profits have taken a hit, bringing its losses the year to roughly 6%. While quant funds as a whole have had a really tough year, there were at least two that are doing just fine. "Torontos Castle Ridge Asset Management, which trades some $100 million in assets, made 2.6% in March with its self-evolving AI system that works with large-cap stocks," reports The Next Web. "Over in Sweden, Volt Capital Management AB (in charge of roughly $30 million in assets) has returned a loin-tickling 24% to investors this year. Volts fund was also reportedly prepared for those plunging oil prices."
4 June 2020, 00:02:00
Global Smartphone Shipments To Fall 12% this Year on Virus Woes
Global smartphone shipments will fall nearly 12% to 1.2 billion units in 2020, market research firm IDC said on Wednesday, citing lower consumer spending due to the economic impact of the coronavirus crisis. From a report: The COVID-19 pandemic has not only disrupted business supply chains, with major smartphone makers such as Apple and Samsung Electronics flagging financial hits, but also squeezed consumer spending worldwide. "Nationwide lockdowns and rising unemployment have reduced consumer confidence and reprioritized spending towards essential goods, directly impacting the uptake of smartphones in the short term," said Sangeetika Srivastava, senior research analyst with IDC.
3 June 2020, 23:25:00
Game Publisher Cancels Contract With Developer, Then Tries To Poach Its Entire Team
Three months after losing a deal with Take-Two, Star Theory Games was out of business. From a report: One Friday evening last December, employees of game designer Star Theory Games each received the same unusual recruitment message over LinkedIn. It struck them as bizarre for two reasons. One, it came from an executive producer at the publishing company funding their next video game. Two, it said the game -- in the works for the previous two years -- was being pulled from their studio. "This was an incredibly difficult decision for us to make, but it became necessary when we felt business circumstances might compromise the development, execution and integrity of the game," Michael Cook, an executive producer at Private Division, a publishing label within Take-Two Interactive Software, wrote in the message, which was reviewed by Bloomberg. "To that end, we encourage you to apply for a position with us." It was strange and disconcerting news to Star Theorys employees. Normally, an announcement like this would be delivered in a companywide meeting or an email from Star Theorys leadership team. The contract with Take-Two was the studios only source of revenue at the time. Without it, the independent studio was in serious trouble. The LinkedIn message went on to say Take-Two was setting up a new studio to keep working on the same game Star Theory had been developing, a sequel to the cult classic Kerbal Space Program. Take-Two was looking to hire all of Star Theorys development staff to make that happen. "We are offering a compensation package that includes a cash sign-on bonus, an excellent salary, bonus eligibility and other benefits," Cook wrote. When employees returned to the office on Monday, Star Theory founders Bob Berry and Jonathan Mavor convened an all-hands meeting. The two men had been in discussions about selling their company to Take-Two but were dissatisfied with the terms, they explained. The games cancellation was a shock, but the founders assured staff that Star Theory still had money in the bank and could try to sign other deals, according to five people who attended the meeting and asked not to be identified, citing the risk of litigation. Berry and Mavor encouraged employees to stick together and stay at the company. The next few weeks were chaos, employees said. Take-Two hired more than a third of Star Theorys staff, including the studio head and creative director. By March, as the coronavirus pandemic choked the global economy, any hope of saving the business appeared to be lost, and Star Theory closed its doors.
3 June 2020, 22:45:00
From RealPlayer To Toshiba, Tech Companies Cash in on the Facial Recognition Gold Rush
At least 45 companies now advertise real-time facial recognition. From a report: More than a decade before Spotify, and years before iTunes, there was RealPlayer, the first mainstream solution to playing and streaming media to a PC. Launched in 1995, within five years RealPlayer claimed a staggering 95 million users. [...] RealPlayer is still very much alive. Now called RealNetworks, a vast majority of its revenue still comes from licensing media software. But the company has also begun dabbling in an industry thats suddenly attracting hundreds of firms, most of which operate outside public scrutiny: facial recognition. Through a startup subsidiary called SAFR, RealNetworks now offers facial recognition for everything from K-12 schools to military drones. The company even claims to have launched a surveillance project in Sao Paulo, Brazil that analyzes video from 2,500 cameras. SAFR has also licensed its technology to Wolfcom, a body camera company that is currently building real-time facial recognition into its products. As first reported by OneZero, Wolfcoms push to bring live facial recognition to hundreds of police departments represents the first such effort within the United States. Though RealNetworks earnings reports say SAFR doesnt generate significant revenue yet, RealPlayers evolution is part of a trend of both large global tech companies and small upstart firms becoming key players in the sprawling facial recognition industrial complex. Over the last decade, Japanese tech firm NEC grew a burgeoning division focused on biometrics, alongside its 100-year-old hardware business. Toshiba, best known for making PCs, claims to be running more than 1,000 facial recognition projects around the world, including identity verification systems at security checkpoints in Russia and for law enforcement in Southeast Asia. Even software contractor Microfocus, one of a handful of companies keeping the aging COBOL language alive, is working on making facial recognition that can scale to thousands of CCTV cameras. While many of these companies sell facial recognition technology to verify peoples identities in an app, an increasing number are investing in a burgeoning subset of the industry: real-time surveillance, or the ability to recognize individuals in live video footage. Such systems are being sold for law enforcement, military, and security purposes. Many of these companies operate in obscurity, and have never been profiled or scrutinized before.
3 June 2020, 22:05:00
Snapchat To Stop Promoting Trumps Content
Snapchat said Wednesday it would no longer promote President Donald Trumps content in its Discover section, a move that brings the messaging company closer to Twitters approach in the ongoing debate over political speech. From a report: The company said in a statement that it would not "amplify voices who incite racial violence." Snapchats Discover section typically features content from news organizations, brands, celebrities and sometimes politicians. The presidents account remains visible on the platform, and anyone can follow the account for updates. Snapchats change will remove Trump from the Discover section. "We are not currently promoting the presidents content on Snapchats Discover platform," the company said. "We will not amplify voices who incite racial violence and injustice by giving them free promotion on Discover. Racial violence and injustice have no place in our society and we stand together with all who seek peace, love, equality, and justice in America."
3 June 2020, 21:25:00
New Cold Boot Attack Affects Seven Years of LG Android Smartphones
South Korean phone manufacturer LG has released a security update last month to fix a vulnerability that impacts its Android smartphones sold over the past seven years. From a report: The vulnerability, tracked under the identifier of CVE-2020-12753, impacts the bootloader component that ships with LG smartphones. In March this year, US software engineer Max Thomas discovered a vulnerability in the bootloader component that had been added to LG smartphones starting with the LG Nexus 5 series. In a technical breakdown of the vulnerability published on Tuesday, Thomas says the bootloader components graphics package contains a bug that lets attackers sneak in their own code to run alongside the bootloaders graphics under certain conditions, such as when the battery dies out and when the device is in the bootloaders Download Mode. Thomas says that threat actors who perfectly time an attack can gain the ability to run their own custom code, which could allow them to take over the bootloader, and inherently the entire device.
3 June 2020, 20:45:00
Stanford Lab Envisions Delivery Drones that Save Energy by Taking the Bus
Researchers from Stanford University have devised a way for hundreds of drones to use the bus or trams in an effort to redesign how packages are distributed in cities. Should such a solution ever scale, it could reduce delivery van congestion and energy usage while extending the distance a drone can travel to deliver a package. From a report: Theres a reason most delivery drones weve seen thus far are dropping packages off in the suburbs. Urban centers can be dynamic environments, full of unexpected obstacles, and drones are still not permitted to fly freely through cities. But researchers say using public transportation can increase a drones range up to 360% beyond travel with flight alone. "Our approach strives to minimize the maximum time to complete any delivery," the team writes in a paper published this week at the online 2020 IEEE International Conference on Robotics and Automation (ICRA). "By combining the strengths of both, we can achieve significant commercial benefits and social impact." This approach, which involves the drones hitching a ride on the outside of buses and trams, could help overcome the limited travel capacity of drones today. The popular DJI Mavic 2, for example, is able to fly a maximum distance of 18 kilometers, or about 11 miles round trip.
3 June 2020, 20:04:00
Google Removes Viral Chinese-App Scanner From the Play Store
Remove China Apps, the viral Android app for flagging software made in China, has been removed from Googles Play Store. From a report: Before its demise, the app had reached the coveted number-one free download spot on the Play Store. The app was removed for violating Googles "Deceptive Behavior Policy," which states that apps cannot incentivize users to disable or remove other applications. Though Remove China Apps did not remove apps automatically, it did prompt users to do so. It had been downloaded more than 5 million times before its removal. Google is notoriously bad at policing its own Play Store, so the swift removal here is something of an outlier. The apps quick rise to fame made waves, especially in its home market of India, which likely led to a faster-than-usual investigation on Googles part.
3 June 2020, 19:25:00
Microsofts New Edge Browser Now Rolling Out via Windows Update
Microsoft is starting to roll out its new Edge browser through Windows Update. The new Chromium-based version of Edge launched in January, but Windows users had to specifically download it. From a report: A Microsoft support article notes that its now available on Windows Update, meaning it will soon arrive on the more than 1 billion Windows 10 devices in use. It appears that Edge will be automatically installed through Windows Update on Windows 10 version 1803 and higher. That covers the vast majority of versions of Windows 10 that are currently supported, meaning it should start showing up in Windows Update for everyone soon. As always, this is a gradual rollout, so you might not see it immediately on Windows Update just yet.
3 June 2020, 18:45:00
AMC Theatres Has Substantial Doubt it Can Remain in Business
AMC Theatres, the worlds biggest movie theater chain, said on Wednesday that it has "substantial doubt" it can remain in business after closing locations across the globe during the coronavirus pandemic. From a report: The theater chain, which closed its theaters earlier this year, expects to have lost between $2.1 billion and $2.4 billion in the first quarter. The company also said that its revenue fell to $941.5 million, which was down roughly 22% from $1.2 billion in the same quarter last year. This quarter, the situation has gotten substantially worse. "We are generating effectively no revenue," the company said in a regulatory filing Wednesday. AMC will continue to monitor the "potential lifting of various government operating restrictions," but added that the chain has serious challenges even if restrictions are lifted. That includes studios holding back new films from being shown. "Even if governmental operating restrictions are lifted in certain jurisdictions, distributors may delay the release of new films until such time that operating restrictions are eased more broadly domestically and internationally, which may further limit our operations," the company said. The company said that it had a cash balance of $718.3 million as of April.
3 June 2020, 18:04:00
Huawei Hid Business Operation in Iran After Reuters Reported Links To CFO
Chinas Huawei acted to cover up its relationship with a firm that had tried to sell prohibited U.S. computer gear to Iran, after Reuters in 2013 reported deep links between the firm and the telecom-equipment giants chief financial officer, newly obtained internal Huawei documents show. From the report: Huawei has long described the firm -- Skycom Tech -- as a separate local business partner in Iran. Now, documents obtained by Reuters show how the Chinese tech titan effectively controlled Skycom. The documents, reported here for the first time, are part of a trove of internal Huawei and Skycom Iran-related business records -- including memos, letters and contractual agreements -- that Reuters has reviewed. One document described how Huawei scrambled in early 2013 to try to "separate" itself from Skycom out of concern over trade sanctions on Tehran. To that end, this and other documents show, Huawei took a series of actions -- including changing the managers of Skycom, shutting down Skycoms Tehran office and forming another business in Iran to take over tens of millions of dollars worth of Skycom contracts. The revelations in the new documents could buttress a high-profile criminal case being pursued by U.S. authorities against Huawei and its chief financial officer, Meng Wanzhou, who is also the daughter of Huaweis founder. The United States has been trying to get Meng extradited from Canada, where she was arrested in December 2018. A Canadian judge last week allowed the case to continue, rejecting defense arguments that the U.S. charges against Meng do not constitute crimes in Canada. A U.S. indictment alleges that Huawei and Meng participated in a fraudulent scheme to obtain prohibited U.S. goods and technology for Huaweis Iran-based business via Skycom, and move money out of Iran by deceiving a major bank. The indictment alleges that Skycom was an "unofficial subsidiary" of Huawei, not a local partner.
3 June 2020, 17:21:00
Latest Satoshi Nakamoto Candidate Buying Bitcoin No Matter What
Adam Backs name has surfaced again in the crypto communitys favorite guessing game: Who is the anonymous creator of Bitcoin who went by the pseudonym Satoshi Nakamoto. From a report: In mid-May, YouTube channel Barely Sociable, with nearly 400,000 subscribers, released a 40-minute video claiming that 49-year-old Back is Satoshi. The video has since raked up nearly 300,000 views. Back does check off a lot of the boxes: He is a British cryptographer with a PhD in computer science, who, back in the 1990s, invented Hashcash, a system of verification that Bitcoin uses. He is also the first person Satoshi contacted online in 2008, asking about Hashcash. So is he Satoshi? "No, I am not," Back said in a June 1 phone interview from Malta. But he also pointed out its better for the creator of the worlds largest cryptocurrency to remain a mystery. "Its generally viewed at this point as better that the founder of Bitcoin is not known, because a lot of people have a hierarchical mindset," Back said. "If you read about a technology, you try to figure out who is the CEO of a company, and people want to ask questions. Because Bitcoin is more like a digital gold, you wouldnt want gold to have a founder. For Bitcoin to keep a commodity-like perception, I think its a very good thing that Satoshi stays out of the public."
3 June 2020, 16:40:00
Zoom Wont Encrypt Free Calls Because it Wants To Comply With Law Enforcement
If youre a free Zoom user, and waiting for the company to roll out end-to-end encryption for better protection of your calls, youre out of luck. From a report: Free calls wont be encrypted, and law enforcement will be able to access your information in case of misuse of the platform. Zoom CEO Eric Yuan today said that the video conferencing apps upcoming end-to-end encryption feature will be available to only paid users.
3 June 2020, 16:00:00
DEA Authorized To Conduct Surveillance On Protesters
An anonymous reader quotes a report from BuzzFeed News: The Drug Enforcement Administration has been granted sweeping new authority to "conduct covert surveillance" and collect intelligence on people participating in protests over the police killing of George Floyd, according to a two-page memorandum obtained by BuzzFeed News. Floyds death "has spawned widespread protests across the nation, which, in some instances, have included violence and looting," said the DEA memo. "Police agencies in certain areas of the country have struggled to maintain and/or restore order." The memo requests the extraordinary powers on a temporary basis, and on Sunday afternoon a senior Justice Department official signed off. The DEA is limited by statute to enforcing drug related federal crimes. But on Sunday, Timothy Shea, a former US Attorney and close confidant of Barr who was named acting administrator of the DEA last month, received approval from Associate Deputy Attorney General G. Bradley Weinsheimer to go beyond the agencys mandate "to perform other law enforcement duties" that Barr may "deem appropriate." In addition to "covert surveillance," the memo indicates that DEA agents would be authorized to share intelligence with local and state law enforcement authorities, to "intervene" to "protect both participants and spectators in the protests," and to conduct interviews and searches, and arrest protesters who are alleged to have violated federal law. Heres why Shea says the agency should be granted extraordinary latitude: "In order for DEA to assist to the maximum extent possible in the federal law enforcement response to protests which devolve into violations of federal law, DEA requests that it be designated to enforce any federal crime committed as a result of protests over the death of George Floyd," Shea wrote in the memo. "DEA requests this authority on a nationwide basis for a period of fourteen days."
3 June 2020, 15:00:00
Roku Removes Dedicated QAnon Channel That Launched Last Month
Streaming platform Roku has removed a channel dedicated to the QAnon conspiracy theory movement after facing criticism for letting it slip through its review and moderation processes last month. The Verge reports: The show, called "Q Channel - QAnon Channel," was hosted by popular QAnon supporter Dave Hayes and advertised as a "opinion based shows for getting the truth out, as we know it, about the Qanon movement." A Roku spokesperson tells The Verge, "The channel is no longer on our platform." But the company would not elaborate on why it allowed the show to launch last month. Roku is best known as a streaming set-top box maker that also produces interface software for smart TVs. In addition to supporting other streaming services, Roku also allows anyone to create a channel that shows up on its platform as if it were any other legitimate source -- like Hulu, Netflix, or scores of verified news channels. Thats what Hayes, who goes by the online handle "Praying Medic," did after he began advertising the launch of his dedicated QAnon opinion show in late May. MediaMatters reports the channel was live for nearly two weeks, promoting prominent QAnon voices and the movements regular slate of rampant misinformation, conspiracy theories, and other false and manipulated news reports. Hayes also said he would be bringing the channel to other streaming platforms, too. Last week, Google removed three apps related to the QAnon conspiracy theory movement from the Play Store.
3 June 2020, 12:00:00
Laatste 50 Nieuws Berichten en/of updates van database donderdag
- The Guardian Critics condemn Trump's rewrite of race in America in DC speech – live
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- The Guardian Coronavirus Australia live: national cabinet split over quarantine and flight caps – latest updates
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- The Guardian Coronavirus live news: cases in France hit one-day high as WHO warns of 'alarming' transmission across Europe
-Thu, 17 Sep 2020 21:24:06 GMT
- BNdestem.nl Veltman debuteert met ruime zege, vroege uittocht Wolves
-Thu, 17 Sep 2020 21:06:00 GMT
- ad_sportwereld Veltman debuteert met ruime zege, vroege uittocht Wolves
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- nu_nl_binnenland 'Regionale maatregelen: cafés eerder dicht, maximaal 50 mensen in feestzalen'
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- BNdestem.nl De Avondetappe in Sint Willebrord:‘Ben gelovig en ga fietsen’
-Thu, 17 Sep 2020 20:59:00 GMT
- BBC_World Canada Tesla driver charged over 'napping while speeding'
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- Filmvandaag - Vandaag op TV The Boss [22:45, Net 5, IMDb: ]
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- Filmvandaag - Vandaag op TV Blood Father [22:45, RTL7, IMDb: ]
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- Filmvandaag - Vandaag op TV Jackass Number Two [22:30, Spike, IMDb: ]
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- Independent.co.uk World Ex-Pence aide will vote for Biden due to Trump's 'flat out disregard for human life'
-Thu, 17 Sep 2020 20:25:00 GMT
- Independent.co.uk World Emmys, live and virtual: 'What could possibly go wrong?'
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- Independent.co.uk World I converted a Trump supporter — my 87-year-old mom
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- Independent.co.uk World First lady promotes Trump's approach to opioid crisis in NH
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- Independent.co.uk World Study: Ending census early will cost Florida, Montana seats
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- Independent.co.uk World In bizarre speech at National Archives, Trump warns of left-wing ‘segregation’ and pushes ‘patriotic education’
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- Independent.co.uk World Labour conference: US congresswoman Ilhan Omar to address activists at Momentum-backed event
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- Independent.co.uk World Security guard brandishes gun at protesters demonstrating against hysterectomies forced on migrant women
-Thu, 17 Sep 2020 20:18:27 GMT
- Independent.co.uk World AP FACT CHECK: Trump's big distortions on mail-in voting
-Thu, 17 Sep 2020 20:18:24 GMT
- Independent.co.uk World Trump administration threatens to step up pressure against Iran and Venezuela in run-up to 2020 election
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- Independent.co.uk World Gulf between Trump and doctors on mask wearing gets wider
-Thu, 17 Sep 2020 20:14:59 GMT
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- Independent.co.uk World Burberry takes to Twitch to livestream collection that sees Riccardo Tisci hit his stride
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- The Guardian Covid-19: UK test and trace 'barely functional' as nearly 10 million face lockdown
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- Independent.co.uk World Justice Dept. memo: Sedition statute ‘could potentially apply to some of the violent acts that have occurred' in unrest
-Thu, 17 Sep 2020 20:09:06 GMT
- Independent.co.uk World iOS 14: If your iPhone shows an orange or green dot in the corner, someone may be watching you
-Thu, 17 Sep 2020 20:08:06 GMT
- The Guardian Cheer star Jerry Harris arrested on charges of child sexual abuse images
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- BNdestem.nl Lees alles over de Nationale Sportweek 2020
-Thu, 17 Sep 2020 20:04:00 GMT
- Independent.co.uk World US judge blocks Postal Service changes that slowed mail
-Thu, 17 Sep 2020 20:01:06 GMT
- Tweakers.net Elektrische 'zonneauto' krijgt in Nederland lagere bijtelling
-Thu, 17 Sep 2020 19:59:57 GMT
- Independent.co.uk World Smoke from west coast wildfires reaches provinces in eastern Canada
-Thu, 17 Sep 2020 19:56:08 GMT
- The Guardian Ontario announces new restrictions and steep fines amid Covid-19 surge
-Thu, 17 Sep 2020 19:55:39 GMT
- Independent.co.uk World US-Canada border has seen 1000 percent increase in drug smuggling since lockdown began
-Thu, 17 Sep 2020 19:55:34 GMT
- Independent.co.uk World 'This is amazing': Gwen Stefani replaces ex-husband Gavin Rossdale with longtime boyfriend Blake Shelton in throwback picture
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- ad_sportwereld Ibrahimovic helpt AC Milan aan zege op Ierse dreumes Shamrock Rovers
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- BNdestem.nl Ibrahimovic helpt AC Milan aan zege op Ierse dreumes Shamrock Rovers
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-Thu, 17 Sep 2020 19:51:50 GMT
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