Top Stories

Magic Leap Is Considering a Sale, Stakeholder or Partnership

Magic Leap is exploring the possibility of a sale, according to sources. The Florida-based startup raised $2.6 billion to create augmented reality products, and now has hired an adviser to consider “strategic options” for moving forward. In addition to the potential of a sale, Magic Leap could sell a stake in the company or form a strategic partnership. The company is valued at $6 billion to $8 billion. Among the company’s largest investors are Alphabet’s Google and China’s Alibaba Group Holding. Read more

House of Representatives Okays Extension of Surveillance Act

The U.S. House of Representatives voted 278 to 136 for the USA FREEDOM Reauthorization Act of 2020, to extend provisions of the Foreign Intelligence Surveillance Act (FISA). This legislation established rules for surveillance and information collection “between foreign powers or agents of foreign powers suspected of espionage or terrorism.” Although the House is led by Democrats, the vote was bipartisan, with 152 Democrats and 226 Republicans approving the act. The measure will now go to the Senate, on recess next week. Read more

Coronavirus: NAB 2020, Tech & Engineering Emmys Canceled

On March 11, NAB president/chief executive Gordon Smith announced that the NAB Show 2020 would be canceled. The NAB Show, which would have taken place April 18-22 in Las Vegas, gathers over 100,000 media, entertainment and technology professionals from all over the world. In a letter to the community, Smith wrote that the organization has been “carefully monitoring coronavirus developments both domestically and globally over the past few weeks.” Additionally, the NATAS Technology & Engineering Emmy Awards dinner was been moved to October. Read more

E3 Joins Growing List of Canceled Media & Technology Events

The Entertainment Software Association announced that E3 2020, slated for June 9-11 in Los Angeles, has been canceled. “After careful consultation with our member companies regarding the health and safety of everyone in our industry — our fans, our employees, our exhibitors and our longtime E3 partners — we have made the difficult decision to cancel E3 2020,” explained ESA in a statement. “Following increased and overwhelming concerns about the COVID-19 virus, we felt this was the best way to proceed during such an unprecedented global situation.”  Read more

Microsoft Research Leads Team to Author AI Ethics Checklist

Microsoft Research, with almost 50 engineers from a dozen technology companies, created a checklist for AI ethics intended to spur conversation on the topic and raise some “good tension” within organizations. To that end, the list, rather than asking “yes” or “no” questions, instead suggests that teams “define fairness criteria.” Participants were not identified by name, but many are in AI-related fields like computer vision, natural language processing and predictive analytics. The group hopes to inspire future efforts. Read more

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