Business, Spoken

This week in security we took a closer look at Fin7, also known as JokerStash, Carbanak, and a host of other names. The cybercrime group rakes in as much as $50 million a month by stealing credit card numbers, most recently from the company that owns Saks Fifth Avenue, Lord & Taylor, and more. They’ve got an interest in ATM hacks, too, and their professional acumen has turned them into what resear...

Spotify’s successful direct listing could change the way tech’s “unicorns” go public, possibly even saving them some money. But let’s not get self-righteous about it---this is still capitalism. Typically, when companies go public, they follow an elaborate series of protocols. Learn more about your ad choices. Visit podcastchoices.com/adchoices

When China’s government said last summer it intends to surpass the US and lead the world in artificial intelligence by 2030, skeptics pointed to a major problem. Despite gobs of data from the world’s largest online population, lightweight privacy rules, and 8 million fresh college graduates in 2017, the country doesn’t have enough people skilled in AI to overtake America. Learn more about your ad...

Smart algorithms have taken Google a long way. They helped the company dominate search and create the first software to conquer the complex board game Go. Now the company is betting that algorithms that understand images and text will draw business to its cloud services, make augmented reality popular, and prompt us to search using our smartphone cameras. But some of the algorithms Google is staki...

In 2016, the National Center on Sexual Exploitation sent a letter to a fast-growing content marketing network called RevContent. The nonprofit watchdog was concerned about the way some of RevContent’s advertisers portrayed women. The network regularly ran ads for mail-order bride services, for example, or ones that featured close-ups of women’s breasts. Learn more about your ad choices. Visit podc...

In 2011, when Spotify launched its streaming music service in the U.S., the future of digital media lied squarely in the realm of advertising. Sure, everyone knew ad-based models—sometimes called “the Internet’s original sin”—had flaws. But companies like Google, Yahoo, Facebook and were able to grow very large, very quickly by attracting big audiences to their free services and selling ads. Learn...

At least one person was killed and four others wounded following a shooting at YouTube's headquarters Tuesday afternoon. Four victims were being transported to local hospitals, though the extent of their injuries was unknown. San Bruno police say one woman was found with what appeared to be a self-inflicted gunshot wound, and is believed to be the shooter. Learn more about your ad choices. Visit p...

All Matt Maloney wanted to know was whether Chicago-style deep dish pizza is better than New York-style thin crust. It’s a simple question. If he were anyone else, Maloney would have had to get violently anecdotal. Deep dish, while delicious, is obviously not so much a pizza as a casserole; conversely, if you want to put pizza toppings on a cracker, why not just order a flatbread? (Maloney is from...

AT&T spent last week in court slugging it out with the Department of Justice over its $85 billion plan to acquire Time Warner. The DOJ argues the deal could lead to higher cable television prices for consumers, while AT&T says the deal is routine and that the agency is blocking it for political reasons. On the surface, the deal bears a strong resemblance to Comcast's 2011 acquisition of NBC Univer...

On Thursday, Emmanuel Macron, the president of France, gave a speech laying out a new national strategy for artificial intelligence in his country. The French government will spend €1.5 billion ($1.85 billion) over five years to support research in the field, encourage startups, and collect data that can be used, and shared, by engineers. The goal is to start catching up to the US and China and to...

When Mark Zuckerberg isn't responding to the latest scandal engulfing his company, he's actually trying to fix Facebook: He's trying to redirect its obsession with growth---in users and in the time they spend on Facebook---to focus on whether those users have good experiences on the platform. The problem is that he'd prefer the world not know exactly how obsessed with these metrics his company was...

The headlines about the trade wars being touched off by President Trump’s new tariffs may telegraph plenty of bombast and shots fired, but the most consequential war being waged today is a quieter sort of conflict: It’s the new Cold War over data protection. Learn more about your ad choices. Visit podcastchoices.com/adchoices

It was a somber scene outside New York’s City Hall on Wednesday afternoon. Four coffins sat at the foot of the steps; one by one, taxi drivers covered them with white flowers, before assembling on the steps and shouting for the city to “stop Uber’s greed” and “stop making us slaves.” It was the second such gathering in two months, as drivers and their advocates mourned another suicide that they at...

Last week the internet jumped on a new research paper proclaiming that the bitcoin blockchain contains child pornography. The authors of that paper conclude that if you’re one of the thousands of people running a full copy of the bitcoin software, or even just a curious researcher downloading the transaction history, you’re breaking the law. Because removing any data from the blockchain destroys t...

Oracle's nearly eight-year legal battle with Google just won't end. Tuesday a federal appeals court ruled that Google violated Oracle's copyrights when it built a custom version of the Java platform for its Android operating system. The court sent the case back to a district court to decide how much Google should pay Oracle. But Google can appeal to the Supreme Court. And it should, because the de...

In 1933, Thupten Gyatso, the 13th Dalai Lama, died at the age of 57. According to Tibetan Buddhist doctrine, the spirit of a departed Dalai Lama chooses the next body into which he will be reincarnated. So when a group of elders noticed that Gyatso’s head had pivoted from facing south to facing northeast during the embalming process, they took it as an omen. A search party left Lhasa for the north...

At age 25, Anjney Midha has a stronger resume than some people twice his age. Before graduating from Stanford, he joined the venture capital firm Kleiner Perkins Caufield & Byers. He led the firm’s investment in Magic Leap, the mysterious and much-hyped augmented reality company. Then he ditched venture capital to pursue a dream that had followed him from a technology-free young adulthood on a bir...

A grinning 4-year-old boy clambers up and down an inflatable backyard water park, collecting oversize Easter eggs, goaded from behind the camera by his mom. The boy, Ryan, stomps the eggs open and unveils plastic toys. It looks like a home movie, but it’s actually the most-watched video on one of the most-watched YouTube channels in the world, Ryan ToysReview. It has been viewed more than 1.1 bill...

See this fancy pink water bottle I’m holding? Now watch as I bash my head in with it. This is not, I assume, what the makers of the $38 “beauty essential” intended. What they promised was “glamour sipping like a boss.” They wanted me to “be brave. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The sixth-month anniversary of Hurricane Maria’s grinding-up of Puerto Rico brought what might feel like good news. According to AEE, the Electrical Energy Authority, almost 93 percent of Puerto Ricans—1,365,065 people—now have power. The process has been agonizing—a misguided early repair contract to the unlikely Whitefish Energy for $300 million got cancelled, and it took months for crews from b...

When administrators in Ohio’s Mentor Public Schools were buying MacBooks during the 2015-16 school year, the local Best Buy was offering a lower price than Apple, even after the company’s standard discount for school districts. Superintendent Matt Miller pushed for a better deal, but Apple said it would not budge from its price list. Learn more about your ad choices. Visit podcastchoices.com/adcho...

The drumbeat to regulate Big Tech began pounding long before the Cambridge Analytica scandal rocked Facebook—six long years ago, the Obama administration pushed a “Privacy Bill of Rights” that, like most other legislative attempts to safeguard your data online, went nowhere. But this time, as they say, feels different. Thanks to repeated lapses from not just Facebook but all corners of Silicon Val...

Even if you're not a gadget geek, you likely know whether your laptop is powered by an Intel chip or one from a competitor like AMD. The sticker plastered next to your keyboard won't let you forget. But even if you know your Ryzens from your Ice Lakes, you probably don't put much thought into who makes the memory chips that store your data and keep your laptop and smartphone working. Learn more ab...

Travis Kalanick, Uber’s founder and former CEO, wasn’t gone very long. After he resigned from Uber in June 2017, Kalanick spent time hobnobbing at elite conferences like Davos and getting good at smartphone games. This month, he announced 10100, a fund for his personal investments. On Tuesday Kalanick elaborated on his plans: 10100 acquired a controlling stake in City Storage Systems, a holding co...

A year ago, The Intercept published a story about a Trump campaign affiliate that was circulating personality tests to collect Americans’ personal information. The company, called Cambridge Analytica, had already been unveiled by the Guardian in a chilling report that detailed its voter-targeting operation. There was every reason to be concerned. Learn more about your ad choices. Visit podcastchoi...