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LEO offers telcos a resilient and future-proof network. Today’s world is increasingly data-driven, cloud-based and transnational. The need to move large quantities of data quickly and securely around the globe is growing. Traffic is forecast to grow exponentially, driving the need for new infrastructure. Low-earth orbit (LEO) satellite constellations may be the key to enabling telcos to address the growing demand for connectivity and services.
Google is teaming up with the American Medical Association on a challenge to unlock health care data.
Big techs promoting innovation in healthcare. Google is teaming up with the American Medical Association, a physician lobbying group, to encourage the "best new ideas for fostering data sharing from health monitoring devices." Last year, Amazon teamed up with Merck to encourage Alexa developers to come up with skills to support people with diabetes.
While the United States continues to have healthy development of financial technologies—thanks predominately to unparalleled access to capital and technology—it is at risk of falling behind to nations such as the United Kingdom, Australia, and many others who provide greater accommodation to technological disruption.
Australia and the UK leading the way with finance tech. The US is behind in the race for who can best accommodate emerging financial technologies. The two Commonwealth Nations have announced they will strengthen the collaborative program that smooths the entry of FinTech start-ups into each jurisdiction’s regulatory sandbox and reduce barriers to licensing for firms already licensed in each other’s country.
Xtra gets the chop.
Optus shuts down its Xtra service. The Australian telco is believed to be terminating the service for commercial reasons. Launched in November 2016, the service allowed prepaid users to earn 1GB of data or $2 phone credit if they agreed to see ads. Users downloaded an app that served up ads on their phone’s lock screen. They could click to learn more or swipe to remove it and unlock their phone.
Comcast, AT&T and Verizon pose a greater surveillance risk than Facebook – but their surveillance is much harder to avoid
Personal data misuse may extend far beyond Facebook. The social media giant isn’t the only company that amasses vast amounts of data about its users. In the US, Congress extended data-gathering to internet providers last year. As the gatekeepers to the entire internet, these service providers have the potential to collect far more information about us, and misuse similar to or beyond that which Facebook encountered.
Korea’s Fair Trade Commission has said it has launched an investigation into whether Apple is abusing its market position in the market, overcharging customers and exploiting the tired telcos.
Is Apple abusing its market position in Korea? The country’s Fair Trade Commission has launched an investigation into whether Apple is overcharging customers and exploiting telcos. The investigation could take up to two months and lead to fines exceeding 100 trillion won, approximately $93 million, according to rumours.
Europe’s leading provider of digital parking services, EasyPark Group and mobile technology company Fortumo are today announcing the launch of a direct carrier billing partnership.
Charging parking fees direct to your mobile phone bill. After parking their car, drivers in Scandanavia send a text message containing their car registration number, parking zone and length of parking to EasyPark. The company then authorises the parking with the local municipality. Its partner, Fortumo, handles the revenue collection and reconciliation from mobile operators.
According to the Internal Revenue Service, anything purchased using a digital currency is liable to be taxed as a capital gain
Tax man cashing in on bitcoins. Digital currencies’ wild fluctuations mean investors’ tax bills can be higher than the current value of their coins. One trader received a $50,000 bill after selling $120k of bitcoins to buy other cybercurrency, which is now worth just $30k. US tax authorities look at cryptocurrencies as property and not currency, taxing anything bought using a digital currency as a capital gain.
The app has been criticised for sending personal user data to a third party without their consent.
Indian PM’s mobile app criticised. Researchers found Narendra Modi's official mobile app was sending personal user data to a third-party domain linked to a US company. The Bharatiya Janata Party (BJP) has denied the allegation, claiming the data was only being used for analytics to offer users contextual content.
Eutelsat commissions ELO, its first low earth orbit satellite designed for the Internet of Things.
Satellite IoT network scheduled for 2019 launch. Eutelsat Communications has commissioned a nano-satellite to assess how well low earth orbit (LEO) satellites provide narrowband connectivity for objects, drawing on Sigfox’s technology to do so. LEO, which provides satellite links anywhere in the world, complements terrestrial IoT networks without affecting how much energy ‘things’ consume. Eutelsat plans to launch its LEO for Objects (LEO) in 2019.
For the sake of public safety, Tesla CEO Elon Musk said that there needs to be a public body that oversees AI deployments.
Musk believes AI is more dangerous than nuclear weapons. Tesla’s CEO has also admitted that the rate of growth of technologies like Google's AlphaGo – a computer that went from losing games to average players to crushing the world champion within a few months – is scaring him and believes stronger regulation is needed.
Colt Technology Services and Hong Kong Telecom’s international unit PCCW Global teamed up to trial the use of blockchain in wholesale voice settlements.
Proof-of-concept heralds blockchain-based wholesale trading model. Telco companies have teamed up to trial the viability of blockchain in wholesale voice settlements. Colt Technology Services and the international arm of Hong Kong Telecom eliminated hundreds of hours of manual work by using blockchain to streamline inter-carrier settlements.
Drugmakers are racing to scoop up patient health records and strike deals with technology companies as big data analytics start to unlock a trove of information about how medicines perform in the real world.
Pharma hooked on big data analytics. Big data analytics is starting to unlock a trove of information about how medicines perform in the real world. Drugmakers are racing to scoop up patient health records to gain real-world evidence – proof outside of clinical trials – of how well their drugs perform.
Now, researchers have found that social media use has no significant negative effect on social interactions or social well-being.
Social media doesn’t affect social interactions or well-being. Researchers at the University of Missouri and the University of Kansas found changes in social media use did not change direct social contact but did increase feelings of social well-being. Their second study found social media use earlier in the day did not affect future social interactions. They did find one negative impact: passive social media use leads to lower levels of well-being for someone who has been alone earlier in the day.
Blockchain technology can help in the fight against counterfeit pharmaceuticals by adding transparency in the supply chain.
FarmaTrust using blockchain to track drug supplies. The London-based start-up has developed a system that allows manufacturers to track their products from factory to pharmacy counter. Once purchased, the consumer can then double-check the product’s authenticity by scanning the barcode using a free smartphone app. The system does not depend on any proprietary technology to link digital systems to the physical goods themselves.
Nike is calling on makers, designers, and engineers around the world for innovation proposals to help advance its product sustainability. The Nike Circular Innovation Challenge consists of two distinct but connected calls that invite entrants to develop new technologies to advance footwear recycling or create new products using Nike Grind materials. The best proposals will win thousands in cash awards.
The American sportswear company has recently launched its Nike Circular Innovation Challenge. Entrants are invited to develop new technologies to support footwear recycling or create new products using Nike Grind – a material made from recycled footwear. Nike Grind is currently used to create and renovate sports surfaces. The best entries will not only receive a cash prize but also be considered for a partnership with Nike.
French food group Danone said on Monday it had successfully launched its inaugural 300 million euro ($370 million) seven-year social bond, reflecting growing appetite among investors for ethical and responsible investing.
The French food group has a dual financial and social agenda – boosting shareholder value while also meeting environmental and social targets. It recently launched 300 million euro ($370 million) seven-year social bond. Proceeds will be used to fund projects backing responsible farming, empowering communities and supporting social entrepreneurs and healthy food entrepreneurship.