Tag: technology
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Bitcoins Power Needs May Be Overblown
Speculation that Bitcoin mining will lead to “uncontrolled growth” in electricity consumption may be overblown, recalling the hype that surrounded projections for data centers and marijuana growing. While Bitcoin miners currently use about as much electricity as Ireland, they are "very unlikely" to reach the "ultra-high-end" threshold of 350 terawatt-hours a year — a level…
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Ubers Secret Tool for Keeping the Cops in the Dark
In May 2015 about 10 investigators for the Quebec tax authority burst into flouting local labor laws and taxi rules has made it a favorite target for law enforcement agencies around the world. That’s where this remote system, called Ripley, comes in. From spring 2015 until late 2016, Uber routinely used Ripley to thwart police…
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Uber Investors Agree to Sell Stake in SoftBank Deal
Uber Technologies Inc. shareholders agreed to sell a sizable stake in the ride-hailing leader to an investor group led by SoftBank Group Corp., allowing the Japanese conglomerate to amass a piece of the company at a steep discount to the last valuation. The transaction implies a slate of governance reforms at Uber that were dependent…
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Teslas Newest Promises Break the Laws of Batteries
Elon Musk knows how to make promises. Even by his own standards, the promises made last week while introducing two new Tesla vehicles—the heavy-duty Semi Truck and the speedy Roadster—are monuments of envelope pushing. To deliver, according to close observers of battery technology, Tesla would have to far exceed what is currently thought possible. Take the Tesla Semi: Musk…
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What Bitcoin Watchers Are Saying After the Surge Past $10,000
Bitcoin entered uncharted territory on Wednesday after breaching $10,000 for the first time, leaving investors to wonder how long the rally will go — and whether it will end in tears. The digital currency climbed as much as 4.4 percent to a record $10,379.53 during Asia trading hours, capping a more than 10-fold increase this…
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Uber concealed massive hack that exposed data of 57m users and drivers
Company paid hackers $100,000 to delete data and keep the breach quiet, it emerged on Tuesday, as CEO says I will not make excuses for it Uber concealed a massive global breach of the personal information of 57 million customers and drivers in October 2016, failing to notify the individuals and regulators, the company acknowledged…
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Elon Musk Channels Knight Rider With His Roadster-Semi Reveal
Tesla just unveiled the world’s fastest long-haul semi truck, which can go from 0 to 60 miles per hour in only 5 seconds while pulling a trailer. The much-anticipated reveal was the subject of speculation for weeks, with observers wondering whether it would be a freight industry curiosity—or a transformation. The initial take is that it might…
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Teslas Model 3 Moment of Truth Is Here
When Tesla Inc. reports third quarter earnings Wednesday after the bell, the overwhelming focus will be on the production ramp of the Model 3—the more affordable electric car that is critical to Tesla’s mainstream success and profitability. Almost half a million people have placed $1,000 reservations for the car, but so far, only employees and close friends…
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Amazon Key system will allow delivery drivers to unlock customers’ doors
Couriers will be able to gain entry to properties, watched by the recipient on their mobile phone Would you let Amazon unlock your front door? That will be the question facing consumers after the online retailer launched a service allowing couriers to open customers front doors and leave deliveries inside. The Amazon Key system combines…
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Smartphones Are Killing Americans, But Nobodys Counting
Jennifer Smith doesn’t like the term “accident.” It implies too much chance and too little culpability. A “crash” killed her mother in 2008, she insists, when her car was broadsided by another vehicle while on her way to pick up cat food. The other driver, a 20-year-old college student, ran a red light while talking…
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