Tag: broader

Revived All Def Digital Charts Broader Content, Partnerships Under New Ownership

A year after All Def Digital, one of the web’s biggest Black-owned digital sites, collapsed in the aftermath of #MeToo allegations against founder Russell Simmons, the reborn company is charting a new course led by two former tech executives and backed by an ownership group that includes music and sports notables such as T.I., Killer Mike, Jason Geter, and Baron Davis.

The new ADD is moving beyond the original platform’s tight digital focus on hip hop, comedy and slam poetry. Under new CEO Cedric J. Rogers and partner Shaun Newsum, the new ADD is exploring more genres and distribution approaches. It’s also expanding relationships and programming ventures with traditional media companies, working with WarnerMedia-owned FullScreen, and Comcast
CMCSA
-backed production company Jupiter Entertainment, to beef up its programming, creator networks, brand relationships, and several new initiatives.

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Amazon sees broader audience for its palm recognition tech

SEATTLE (AP) — Amazon has introduced new palm recognition technology in a pair of Seattle stores and sees a broader potential audience in stadiums, offices and elsewhere.



a hand holding a remote control: This undated photo provided by Amazon shows the Amazon One device at an Amazon Go store in Seattle. Amazon has introduced the new palm recognition technology in a pair of Seattle stores and sees broader uses in places like stadiums and offices. Customers at the stores near Amazon's campus in Washington can flash a palm for entry and to buy goods. (Amazon via AP)


© Maurice Labrecque
This undated photo provided by Amazon shows the Amazon One device at an Amazon Go store in Seattle. Amazon has introduced the new palm recognition technology in a pair of Seattle stores and sees broader uses in places like stadiums and offices. Customers at the stores near Amazon’s campus in Washington can flash a palm for entry and to buy goods. (Amazon via AP)

Customers at the stores near Amazon’s campus in Washington can flash a palm for entry and to buy goods.

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The company chose palm recognition, according to Dilip Kumar, vice president of Physical Retail & Technology, because it’s more private than other biometric technology, and a person would be required to purposefully flash a palm

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Dow rises slightly as Fed pledges to keep rates low, tech stocks weigh on broader S&P 500

The Dow Jones Industrial Average eked out a small gain on Wednesday after the Federal Reserve indicated it will keep interest rates lower over the next few years. However, the broader market S&P 500 struggled as shares of major tech companies declined. 

The 30-stock Dow closed 36.78 points higher, or 0.1%, at 28,032.38. The S&P 500, meanwhile, slid 0.5% to 3,385.49. The tech-heavy Nasdaq Composite dropped 1.3% to 11,050.47. Both the Dow and S&P 500 hit their session highs after the Fed’s announcement was released, but they quickly gave back those gains. 

Apple dropped nearly 3%. Facebook ended the day down 3.3% and Amazon slid 2.5%. Netflix also fell more than 2%. Alphabet and Microsoft each closed more than 1% lower. A 1.4% gain in Goldman Sachs helped the Dow close positive for the session. 

Members of the Fed’s policymaking committee indicated the overnight rate could stay near zero through

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