Category: NEW IN TECHNOLOGY

In City Where China Welcomed the World, Xi Prepares for a Colder One

When China first opened to overseas investors, the country was desperate for foreign technology to revive its growth. Now, as China faces rising global barriers, its leader, Xi Jinping, is urging greater domestic innovation.

Mr. Xi delivered this message on Wednesday while making an anniversary pilgrimage to the southern city of Shenzhen, which in 1980 was established as a “special economic zone” next to the global financial hub of Hong Kong. Shenzhen quickly became an incubator for “reform and opening up,” the strategy championed by the Chinese leader Deng Xiaoping that paved the way for the country’s decades-long economic takeoff.

Forty years later, Mr. Xi said China still welcomed foreign investors, but he also said it must prepare for a less welcoming world. The coronavirus pandemic has accelerated the rise of barriers to the free flow of goods and technology, Mr. Xi said, a theme that he has stressed recently.

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The Key Takeaways From Apple’s (AAPL) ‘Hi, Speed’ Event For Investors

As expected, at its “Hi, Speed” event Apple (AAPL) debuted its several new 5G iPhone models, expanded its iPhone lineup from as low as $399 to a high as $1099, and introduced a new device, the HomePod Mini. Along with the new products, CEO Tim Cook continued to reinforce the company’s commitment to privacy, calling out how the feature is intrinsic within each device. But the item that caught our attention was the special offers that were announced by mobile carriers for Apple’s new iPhone models.

Early on in the event, Hans Vestberg, Chairman and CEO of Verizon (VZ) appeared to discuss his company’s 5G nationwide network and 5G Ultra-Wideband offering, including a focus on network capacity in stadiums, airports, and music venues – if anyone can remember what those are. Investors were apparently impressed by what Vestberg had to say as his company’s share price, having dropped over

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This major criminal hacking group just switched to ransomware attacks

A widespread hacking operation that has been targeting organisations around the world in a phishing and malware campaign which has been active since 2016 has now switched to ransomware attacks, reflecting how successful ransomware has become a money-making tool for cyber criminals.

Dubbed FIN11, the campaign has been detailed by cybersecurity researchers at FireEye Mandiant, who describe the hackers as a ‘well-established financial crime group’ which has conducted some of the longest running hacking campaigns.

The group started by focusing attacks on banks, retailers and restaurants but has grown to indiscriminately target a wide range of sectors in different locations around the world, sending thousands of phishing emails out and simultaneously conducting attacks against several organisations at any one time.

For example, in just one week, Mandiant observed concurrent campaigns targeting pharmaceuticals, shipping and logistics industries in both North America and Europe.

But despite attacks targeting a wide variety of

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Tech stocks bolster Wall Street after mixed bank results

(Reuters) – Wall Street’s main indexes edged higher on Wednesday, supported by technology stocks, as investors parsed through a mixed bag of quarterly earnings reports from major U.S. banks.

FILE PHOTO: Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues in the Manhattan borough of New York, U.S., May 27, 2020. REUTERS/Lucas Jackson

Goldman Sachs gained 0.6% as strength in its trading business helped quarterly profit surge 94%. Bank of America slipped 2.5% after it missed revenue estimates and Wells Fargo shed 3% as its profit fell short of forecasts.

The S&P 500 banks index ticked 0.2% lower.

Analysts expect earnings for the financial sector to slump 12.1% in the third quarter from a year earlier, while overall S&P 500 companies are expected to report a 19.6% drop in earnings,

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Best Prime Day 2020 smartwatch deals: $450 off Garmin Fenix 5S Plus, plus Samsung, Apple Watch and more

This story is part of Amazon Prime Day, CNET’s guide on everything you need to know and how to make sure you get the best deal.

The final day of Amazon Prime Day is here and runs until 11:59 p.m. PT tonight. Rivals of the retail giant, including Best BuyTarget and Walmart, also have some big sales this week. Wearables from tech’s biggest brands Apple and Samsung are included.

Today’s deals on Amazon include slashed prices on wearables such as the Samsung Galaxy Watch 3, Fitbit trackers and Garmin running watches. Although there are tons of great deals to choose from, what you won’t see deep discounts on is the Apple Watch: We’re only seeing price drops between $15 and $30 on some models, but those are really just a continuation of “everyday low prices” that have been typical for weeks. 

Keep reading to see

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Marketing’s Role In The Innovative Applications Of IoT

Head of Marketing at Metawave Corporation, develops and executes marketing programs for startups, and writes on innovation and technology.

The benefits of the Internet of Things wireless sensor network — fusing the digital world with the real one — are becoming well known around the world. Internet of things (IoT) applications are being applied in many ways, from improving agriculture to refining logistics to streamlining healthcare to building smart homes and cities.

Given the effectiveness of sensors connected by wireless global networks, we are able to reach wide geographical locations, serve endless applications with “always-on” coverage and collect enormous amounts of very specific data to solve very specific problems.

The technology to power the Internet of Things has been under development for decades. The term was coined by Kevin Ashton in the 1990s. Working for Procter & Gamble, he became interested in using radio frequency identification (RFID) to

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Augury taps $55M for tech that predicts machine faults from vibration, sound and temperature

On the heels of Amazon about to launch a new enterprise service to detect whether a machine is working well or not based on external physical changes in sound, vibration and temperature, a startup that has already built a big business in the space is announcing a big growth round of funding.

Augury, which works with large enterprises like Colgate and Heineken to maintain machines in their production and distribution lines, has raised $55 million in funding. Co-founder and CEO Saar Yoskovitz said in an interview that the funding will be used to expand the services that it provides to customers, as well as to build out its global customer base, and the ecosystem of companies that it works with so that it can expand the kinds of customers it targets to include smaller businesses and scale-ups.

The Series D is being led by Qumra Capital, a late-stage VC firm

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Is the iPhone 12 worth it?

My takeaway: Most people don’t need an iPhone 12 now, but you might want one in a year or two … by which point there could be an iPhone 13 or 14 with 5G. The iPhone 12 is the phone you buy because you’re planning to hold onto it for a while.

Normally after Apple unveils a product, I get the opportunity to spend a little time with it. This launch offered only a first-look-but-don’t-touch, because coronavirus pandemic precautions pushed Apple’s event online. Until professional reviewers get our hands on the new iPhone, we’re left to judge based on what Apple claimed in its prerecorded video and on its slick, computer-generated renderings.

That’s all the more reason to bite into this new iPhone with a healthy dollop of skepticism. Apple doesn’t really compete with Android phones for our business anymore. For most iPhone owners, the choice is when to upgrade,

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Menlo Micro, a startup bringing semiconductor tech to the humble switch, is ready for its closeup

Sixteen years ago a group of material scientists and engineers at General Electric banded together to reinvent the circuit breaker. Now, Menlo Microsystems, the spinoff commercializing that technology, is ready to bring its revolutionary new switches to market, with huge implications for everything from 5G technologies to quantum computing.

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Based in Irvine, Calif., Menlo Micro takes its name from the Menlo Park, NJ research lab where Thomas Edison patented the first light switch back in 1893 and the company’s ties to GE run deep.

Researchers at GE spent more than a decade working internally on Menlo Micro’s core technology, a novel process that applies semiconductor manufacturing techniques to the production of micro electro-mechanical systems, before spinning it out into a new business five years ago.

Using a novel alloy, Menlo Micro is able to reduce the size of the switches it makes to 50 microns by 50 microns,

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Coronavirus lockdown 2.0 deepens divisions in Israel

JERUSALEM (AP) — When Israel went into lockdown last spring, Jerusalem pub owner Leon Shvartz moved quickly to save his business — shifting to a delivery and takeaway model that kept him afloat throughout the summer. Then came the second lockdown.

With restaurants and shops shuttered again, Shvartz’s business is struggling to survive. He has laid off 16 of his 17 employees.

By contrast, Israeli software maker Bizzabo, which operates in the hard-hit conference-management sector, quickly reinvented itself last spring by offering “virtual events.” It has more than doubled its sales and is expanding its workforce.


Such tales of boom and bust reflect Israel’s growing “digital divide.”

Even before the pandemic, Israel had one of the largest income gaps and poverty rates among developed economies, with a few high earners, mostly in the lucrative high-tech sector, while many Israelis barely get by as civil servants, in service industries or as

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