When Walmart started a bank in the early 2000s, states passed laws to ban branches and Congress drafted a law to ban retailers from opening banks. Almost ten years later, Walmart threw in the towel, with its president for financial services Jane Thompson vowing the company would never try it again. That hasn’t stopped Google from announcing it will begin to offer checking accounts next year. Uber wants to open Uber Money, a bank for its drivers (and perhaps riders) and Facebook debuted Facebook Pay. Continue reading Big Tech Firms Pursue Financial Services Despite Setbacks

Microsoft will begin providing customers of its Azure cloud platform with chips made by U.K. startup Graphcore, with the goal of speeding up the computations for artificial intelligence projects. Graphcore, founded in Bristol in 2016, has attracted several hundred million dollars in investment and the attention of many AI researchers. Microsoft invested in Graphcore last December, with the hope of making its cloud services more compelling. Graphcore’s chips have not previously been available publicly. Continue reading Microsoft Pairs Azure Cloud Platform, Graphcore AI Chips

Amazon, Apple, Facebook, Google, Magic Leap, Microsoft and Snap are among the Big Tech companies working on creating smart glasses that we can wear everywhere — and that may even replace our smartphones. Currently, glasses are too big (and expensive), but in time are expected to achieve a sleeker form factor and come down in price. Smart glasses promise to dramatically shift how we engage with the world, and some advocates believe we will eventually be able to replace every screen we use with a single pair of glasses. Continue reading Big Tech Companies Make Progress on AR Smart Glasses

On November 11, Chinese e-commerce giant Alibaba brought in nearly $38.3 billion worth of goods in the 24-hour period known in that country as Singles Day. That surpasses last year’s Singles Day that bought in $30.8 billion. Both figures dwarf the numbers for Black Friday, the massive commercial day-after-Thanksgiving sale in the U.S. Alibaba invented Singles Day ten years ago and, since then, has become a tech giant along the line of Amazon or Alphabet. China also has become wealthier and more digitally connected. Continue reading Alibaba’s Singles Day Reaps $38.3B, Dwarfing Black Friday

HBO, Netflix and major cable companies have joined forces to crack down on password sharing. The group is discussing ways to close that loophole, which, with piracy, is costing them a projected $6.6 billion in lost revenue this year. According to sources, among the potential measures are to require customers to periodically change their passwords, or to text codes to subscribers’ phones that they’d need to enter. Another option would be to make rules on devices that can be used to access a subscription outside the home. Continue reading Pay TV and Cable Companies Aim To Limit Password Sharing

Google and Ascension, the second-largest health system in the U.S., have been collecting the personal health data of tens of millions of people in 21 states. Project Nightingale, the tech giant’s effort to enter healthcare, has culled lab results, diagnoses and hospitalization records, which include patient names and dates of birth. No doctor or patient has been notified, which has sparked a federal inquiry, but some experts say the initiative is permissible since Google is developing software to improve the healthcare system. Google explained that its partnership with Ascension is not a secret and was first announced in July during a Q2 earnings call. Continue reading Google Culls Patient Data to Build Healthcare Search Tools

JPMorgan Chase has developed an e-wallet for Airbnb, Amazon, Lyft and the like, to allow them to offer customers virtual bank accounts, car loans and home rental discounts. In doing so, these online marketplaces and gig economy companies will end up spending less on payment processing fees to third parties — including JPMorgan. That might sound counterintuitive, but the catch is that the companies can only avail themselves of the offerings if they let JPMorgan handle all the payment processing and cash exchanges. Continue reading JPMorgan Intros E-Wallet for Gig Economy, Online Markets

In 2020, Amazon will open a new branded grocery store in Woodland Hills, California, a suburb in the Los Angeles San Fernando Valley. The company is reportedly planning additional stores in Chicago, Los Angeles and Philadelphia. Amazon stated it will feature traditional checkouts, rather than Amazon Go cashier-less technology. Amazon currently owns Whole Foods, with 500 stores, purchased for $13.2 billion in 2017 and Amazon Go, and offers grocery delivery through Amazon Fresh, its website and Prime Now. Continue reading Amazon to Expand Footprint in the Grocery Store Business

Many public figures have called for the breakup of leading technology companies, but the European Commission’s head of competition Margrethe Vestager is not one of them. She stated that breaking up such companies should be a remedy if it’s “the only solution to [their] illegal behavior.” “We don’t have that kind of case now,” she said, although she didn’t exclude a future possibility. In the U.S., conservatives and libertarians, who often oppose antitrust measures, are also pushing back against the move to break up Big Tech. Continue reading In U.S. and Europe, Some Oppose the Breakup of Big Tech

Microsoft’s cloud computing platform will soon offer select customers access to quantum computers. More specifically, the three prototype quantum computers are from Honeywell and two startups, IonQ (spun out from the University of Maryland) and QCI (spun out of Yale University). Quantum computing isn’t ready for any real work, but Microsoft, like its rivals IBM and Google, wants to stake out a presence in the nascent field. Microsoft Quantum general manager Krysta Svore noted, “we need a global community.” Continue reading Microsoft Plans to Launch Quantum Computing in the Cloud

Germany and France plan to launch Gaia-X, a government-backed cloud infrastructure project, with the goal of allowing local providers to compete with dominant U.S. cloud providers. Amazon and Microsoft criticized Gaia-X for limiting data services by national borders. However, French and German companies are wary of dependence on those tech behemoths, which must comply with the U.S. Cloud Act, a 2018 law that requires them to provide personal data to law enforcement, even when the servers are outside of the U.S. Continue reading Europe Aims for Digital Sovereignty with Gaia-X Cloud Plan

Amazon, Alphabet’s Wing and Uber Technologies are conducting government-approved trials of drones to deliver packages. Wing is in Christiansburg, Virginia and Uber will begin tests in San Diego before the end of 2019. United Parcel Service also gained FAA approval to create a fleet of drones to deliver health supplies and, ultimately, consumer packages. The FAA predicts that drones for commercial purposes will reach 2.7 million by 2020. Meanwhile, the Department of the Interior is grounding more than 800 drones that were manufactured in China, citing national security concerns. Continue reading Drones in Delivery Tests, U.S. Agency Bars Chinese UAVs

As lawmakers investigate Amazon, Apple, Facebook and Google for antitrust violations, these tech giants are boosting their spending on lobbying. Amazon spent $12.4 million, a 16 percent increase. In the first nine months of 2019, Facebook spent $12.3 million, almost 25 percent more than the same period last year. Apple and Microsoft increased their outlay, by 8 percent and 9 percent respectively. Although parent company Alphabet reduced spending on lobbying by 41 percent, Google spent $9.8 million through September 30. Continue reading Tech Giants Ramp Up Lobbying as Legal Probes Continue

As streaming services proliferate, so does the technology that tracks their viewers. AT&T, Roku, and ad giant Publicis, among others, are harvesting viewers’ email addresses and the devices they use to stream content. Privacy advocates are concerned, with Center for Digital Democracy executive director Jeff Chester calling the practice a “digital daisy chain of data-gathering on viewers.” But advertisers find the opportunity to gather the specific data available with streaming services too appealing to pass up. Continue reading Advertisers Turn to Streaming Services for More User Data

Microsoft won a $10 billion, 10-year technology contract with the Department of Defense for its Joint Enterprise Defense Infrastructure (JEDI) project. Although Amazon was the front-runner, President Trump had upped his criticism of Amazon founder Jeff Bezos and stated he might intervene to prevent Bezos’ company from getting the JEDI contract. Google, IBM and Oracle also competed for the contract. A group of Microsoft employees has protested the company’s involvement in the military project. Continue reading Defense Dept. Taps Microsoft For Cloud Computing Project