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Lyft Market Share Growing Faster Than Uber

Controversy After a series of unfortunate incidents for Uber, its main rival Lyft is surging in the market. Bloomberg has reported that company’s gross booking grew 25% to more than $1 billion in the second quarter from more than $800 million in the previous period. That is a faster rate than Uber, which told investors that it expected its growth projections to be in the mid-teens for the same period. Uber has been dogged by controversy for a number of months. Earlier this year, Uber CEO, Travis Kalanick, was caught on film beating one his own drivers. The public criticised the attitude of Kalanick towards his own drivers.  It was also discovered that Uber, for over two years, was shortchanging their own drivers, with losses to drivers amounting to tens of millions of dollars. Emil Michael, SVP of Business at Uber, and possibly the second most important figure in the…

Oil is Breathing Its Last. In The North Sea, That Is

Moored off the port of Rotterdam, Netherlands, Pioneering Spirit looms so large that it is difficult to recognize as a ship. The crew of 450 is dwarfed by the cranes and pipes that dominate the sprawling layers of decks. For decades, Edward Heerema, head of Allseas, the Swiss-based energy services company, dreamed of building a giant vessel to install oil platforms offshore. But the Pioneering Spirit has found another purpose: dismantling oil fields in the British North Sea. With oil prices dropping sharply in the last two years, Mr. Heerema said he was now just focused on finding enough work to meet his payroll. “I can’t say how long it will take to pay for itself. Maybe 10 years, maybe 30 years,” he said of the ship. The British North Sea was once a crucial source of oil for the world. At its peak in 1999, it produced about 2.9…

How Apple’s Anti-Tracking Policy Will Make Google And Facebook Even Stronger

The Internet is built on targeted advertising. It’s a known fact we rarely bring up, but it’s been like this for many years. These websites that provide free information and other content – they all have tons of tracking systems, or cookies. These systems monitor your activity online to come up with a unique ad that will follow you wherever you go. Companies make money from targeted advertising. It’s a gigantic business that generates billions of dollars every year. Some websites are open about it, some aren’t. The truth is, it pays for almost everything people see on the Internet. The problem with Apple’s new policy At WWDC, Apple announced something that could damage the traditionally accepted system. The next version of Safari – Apple’s web browser – will come with a new anti-tracking tool. It will analyze and ultimately block any third-party ad trackers online. Apple reps call this…

What To Expect From Apple’s WWDC 2017

Apple will start its annual Worldwide Developers Conference on Monday, June 5, in San Jose, California. Tech developers from all over the globe will arrive to take part in seminars and workshops with Apple engineers. That’s hardly the primary goal of the conference, though, as the Cupertino guys traditionally use it to reveal their new software. Sometimes they also shed light on upcoming devices too. So here is what Apple fans and tech lovers should expect this time. iOS 11 One of the bigger updates we should see on Monday, will be an update to the mobile OS. It is expected to be unveiled ahead of the reveal of the next iPhone which will mark the ten-year anniversary of the device. There’s not so much we know about the new version of the operation system. Rumor has it the update will bring changes to Apple’s digital assistant, known as Siri.…

385 Feet From Tip to Tip and Called “Stratolaunch Carrier Aircraft”

On a football field, the wingtips would extend beyond the goalposts by more than 12 feet on each side. Stratolaunch Systems The gargantuan Stratolaunch carrier aircraft, built by Scaled Composites and nicknamed the “Roc,” has the longest wingspan of any aircraft ever built: 385 feet from tip to tip. The six-engine mothership is designed to carry rockets between its two fuselages. Once at altitude, the mega-plane will drop the launch vehicle, which will then fire its boosters and launch to space from the air It’s a new way of approaching spaceflight, reminiscent of the X-plane testing the Air Force did in the 1950s and 60s, and Paul Allen’s company Stratolaunch Systems is leading the way. The long-aircraft just rolled out of the Scaled Composites hangar for the first time earlier today, May 31. Fueling tests will begin in the coming days, followed by engine runs, taxi tests, and finally first…

From a Harvard Bro to The Earth Overlord: The Rise of Mark Zuckerberg and Facebook in 33 Photos

Facebook is a classic Silicon Valley success story: from a Harvard dorm to the top of the world.It has made Mark Zuckerberg into a legendary figure and turned a hoodie and tennis shoes into the height of tech industry fashion. Mark Zuckerberg.Robert Galbraith/Reuters These days, Facebook is worth $364 billion, with over 1.71 billion people using the site every month. Here’s the story behind Facebook’s insane growth, from February 2004 through today. Spoiler alert: It involves a lot of beer. Facebook got its start at Harvard’s Kirkland House dormitory — the same dorm that Wallace Shawn (who played Vizzini in “The Princess Bride” and the voice of “Toy Story’s” Rex) lived in during his Harvard years. Wikimedia Commons In 2003, Harvard sophomore Mark Zuckerberg would build a program called “Face mash.” It was a Hot or Not-style app using the pictures of his classmates that he hacked from the school…

AI Mines Hundreds of Thousands of News Articles Per Hour for Stock Tips

A machine learning algorithm is using sentiment analysis to make stock price predictions with 76 percent accuracy. Trading and machine learning were made for each other. Both activities are rooted in analyzing noisy data for patterns and using those patterns for making predictions. The relationship is so much so that you can even take graduate-level college courses focused entirely on the problem of applying machine learning to trading. Surely many an engineer has felt the allure of this “dark side.” Generally, in AI stock trading machine learning is used to build models based on financial data, of which there is no shortage of moving averages of stock highs and lows, moving averages of trade volume, overall market trends, market volatility, etc. This stuff is all right there and easy enough to translate into features useful for training machine learning models, but stock prices themselves react to more than just historical financial data.…

The Annual “Google I/O” Seals The Deal For The World. There’s Nothing But Google Any More.

Sometimes you just need to have a party, even if there’s nothing special to celebrate. That was Google’s situation on Wednesday when it held its annual conference for developers on a perfect spring day in the outdoor amphitheater adjacent to its Silicon Valley campus. There were no headline-making announcements, no big reveal of the sort that Steve Jobs would make (iPod and iPhone) in his glory years at Apple. The tech world moves too fast these days for companies to save products for an annual event; they appear when they’re finished. But the conference must go on anyway. Now in its 11th year, Google I/O — short for input/output — offers a chance for the search and advertising giant to broadcast its ambitions. The event, which lasts three days, is really for the benefit of independent software engineers who work on Google technology. But the two-hour opening keynote is closely…

Top 5 Medical Technology Stocks to Watch in 2017 (Video)

Via [Moneyofficials] – To hunt for top medical stocks in 2017 is not an easy job for two reasons. First, a few successful years have led to medical companies being prized in advance. But a not so stellar 2016 brought a certain change in this optimistic mood. Second, in the coming months, the political volatility associated with the revision of rules of the game in this market will continue. The cancellation (and/or replacement) of the ACA by the new US administration can send ripples on a global scale. The likely cancellation of the 2.3% excise tax on medical device alone is going to lead to bigger investments into research and development. Therefore, there are high hopes for good outcome to the industry, and so increased earnings and higher revenues. It’s certain that medical companies will remain a good option for those who prefer reliable growth. Their stocks will continue to…