Day: February 5, 2019

Amazon: Facial Recognition Bias Claims Are ‘Misleading’

Amazon has defended its facial-recognition tool, Rekognition, against claims of racial and gender bias, following a study published by the Massachusetts Institute of Technology. The researchers compared tools from five companies, including Microsoft and IBM. While none was 100% accurate, it found that Amazon’s Rekognition tool performed the worst when it came to recognising women […]

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Key Fact-Checkers Stop Working with Facebook

Two leading fact-checking agencies have stopped their work with Facebook, striking a blow to the network’s efforts to fight fake news. The social network had paid the Associated Press and Snopes to combat its misinformation crisis. But both firms confirmed they are no longer checking articles. The AP told the BBC it was in “ongoing […]

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Tesla to Buy Battery Tech Maker Maxwell Technologies for $218 Million

Tesla Inc has agreed to buy energy storage company Maxwell Technologies Inc for $218 million in an all-stock deal that could help the electric car maker produce batteries that hold more energy and last longer at a time when it needs to cut costs and faces growing competition. Tesla is rapidly increasing production of its […]

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Apple Briefly Regains Title as Most Valuable U.S. Company

Apple very briefly retook its title as the most valuable publicly listed U.S. company on Monday, beating out Microsoft and, while Alphabet was close behind the trio as it prepared to report its quarterly results. With Microsoft and Apple rallying almost 3 percent, Apple’s market capitalization for a few seconds was $806.6 billion, exceeding […]

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Google Parent Alphabet Posts Strong Revenue Growth

Google parent Alphabet last night posted fourth-quarter profit below analysts’ estimates, hurt by a higher tax rate. But analysts still cheered the company’s progress in diversifying its business beyond advertising. Advertising still accounts for most of Google’s revenue, rising 17.4% to $22.4 billion in the quarter. But Alphabet’s chief financial officer Ruth Porat underscored that […]

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