Heres How Chinas Social Credit Score Punish And Reward Citizens, And Its Terrifying

George Orwell’s 1984, Black Mirror S03E01, Psycho Pass, The Orville and many others have all theorised how technology can make our lives better… or worse. The future is now.

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Share buybacks boom as Trump lifts all

Analysis shows just 6% of corporate gains from Trumps tax cuts have trickled down to workers as raises, bonuses and investments US stock markets keep hitting record highs as anyone who follows Donald Trumps Twitter account cant help but notice. And according to a paper by NYU economist Edward Wolff.…

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Does the banning of Alex Jones signal a new era of big tech responsibility?

With the removal of the conspiracy theorists material from key platforms, firms have changed their tune on free speech but some see the move as more about money than morality At this very moment, the conspiracy theorist Alex Jones is almost certainly sitting in front of a camera, shouting that…

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Snap Revenue Beats on Mobile-Ad Demand; Alwaleed Takes Stake

Snap Inc.’s second-quarter revenue topped analyst projections, signaling a pickup in demand for mobile advertising even as a controversial redesign of the Snapchat mobile app continued to hinder user growth. Separately, Saudi billionaire Evan Spiegel defended his strategy, saying that while the redesign was the primary reason for fewer daily…

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Why Prada Can Charge $1,700 for Bananas on Your Shirt

return of its early-2000s saddle bag line by asking style bloggers from around the world to post snaps of the satchel on Instagram at the same time. In September, Versace showed a “tribute” collection with updated versions of founder Gianni’s most memorable looks, closing the show with a reunion of…

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Godfather of GMOs Wants Consumers to Be Less Afraid of His Food

Three decades ago, Robert T. Fraley helped invent the genetically modified seeds that have become a $17 billion global industry and ushered in a new era of agricultural productivity. So it’s little surprise that this longtime Source: International Service for the Acquisition of Agri-Biotech Applications * sugar beet, potato, apple,…

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‘I was shocked it was so easy’: meet the professor who says facial recognition can tell if you’re gay

Psychologist Michal Kosinski says artificial intelligence can detect your sexuality and politics just by looking at your face. What if hes right? Vladimir Putin was not in attendance, but his loyal lieutenants were. On 14 July last year, the Russian prime minister, Michal Kosinski, who had been flown from the…

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Cryptocurrencies Fall as Korean Exchange Says $32 Million of Coins Stolen

Cryptocurrencies dropped after the second South Korean exchange in as many weeks said it was the victim of a theft, renewing fears about the security of digital-asset trading venues. Bithumb, ranked seventh in the world by traded value on Coinmarketcap.com, said on Wednesday that about 35 billion won ($32 million)…

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Teens are abandoning Facebook in dramatic numbers, study finds

Numbers using Facebook have dropped significantly since 2015, with YouTube, Instagram and Snapchat more popular Teenagers have abandoned Facebook in favour of other social media platforms such as Snapchat and Instagram, according to Pews previous study in 2015, when it was the dominant online platform. In this years study reported…

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With FriendsLike These, Who Needs Bankers? Not Ant

Congratulations, Ant Financial,  Source: Alibaba, Bloomberg Opinion calculations The danger with such mega-fundings is that big multiples through a public exit become ever more difficult. Xiaomi Corp. is an example: A $65 billion expected valuation upon an IPO this year is a tidy 40 percent upside from recent private-funding valuations, but that's…

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Employers are monitoring computers, toilet breaks even emotions. Is your boss watching you?

From microchip implants to wristband trackers and sensors that can detect fatigue and depression, new technology is enabling employers to watch staff in more and more intrusive ways. How worried should we be? Last year an Tony Danna, vice-president at Three Square Market, gets his microchip implant. Photograph: Jeff Baenen/AP…

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Amazon Forecast Shows Internet Giant Can Grow Profitably

Expanding Prime subscriber ranks, cloud business drive results Company hikes Prime price; gets into higher-margin businesses Amazon.com Inc. reminded investors on Thursday that scraping by selling things online was just the beginning. The world’s biggest internet retailer reported larger profits in the first quarter and forecast more of the same,…

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