Technology and Telecommunications

Facebook Acquires Computer Vision Startup Fayteq

Facebook Acquires Computer Vision Startup Fayteq

Reports last Friday disclosed Facebook’s acquisition of a German computer vision company to help its efforts in the field of augmented reality technology. Fayteq, a startup that specializes in developing technology that enables virtual objects to be added or removed from videos, was confirmed to have been bought for an unknown amount by the social media giant. Industry observers believe that Facebook may be planning to use the company’s expertise and intellectual properties for its AR platform, which may include the creation of better video filters used for live streaming and Instagram Stories. Fayteq is known to be a maker […]

China Launches Quantum Satellite That Sends Potentially Hack-Proof Data

China Launches Quantum Satellite That Sends Potentially Hack-Proof Data

News last Thursday reports that China has successfully launched a satellite in space that transmits data to distant recipients on Earth. Chinese researchers from Quantum Experiments at Space Scale (QUESS) used quantum key distribution (QKD), enabling users to send potentially “unhackable” information. It makes use of light or photons to carry data, also known as quantum cryptography. QKD can send messages from space to Earth up to 20 magnitude orders better than optic fiber of the same size, transmitting at 1,200km. The technology uses one-time encryption, and is the safest way to encrypt data. The information in photons can’t be […]

Microsoft Develops System That Accelerates Blockchain Speeds

Microsoft Develops System That Accelerates Blockchain Speeds

News last Thursday revealed a new system called “Coco Framework” by Microsoft that speeds up blockchain networks. Coco Framework stands for “Confidential Consortium,” and is slated to become an open source tool by 2018. Aside from accelerating blockchain speeds 100 times faster, it also addresses privacy issues. The system was created following the anticipation of industry growth around blockchain technology. In recent years, large enterprises and banks have invested in blockchain technology to revolutionize data-processing services. It is also the used as the main platform for cryptocurrency which shares a public ledger of data that can be accessed by all […]

Sony Now Ready to Use Blockchain Technology for Storing Digitized Education Records

Sony Now Ready to Use Blockchain Technology for Storing Digitized Education Records

Education records can now be arranged and stored on the blockchain as Sony announced Tuesday that it has designed a digital system for storing educational information. Sony first came up with the concept 18 months ago to use blockchains as a central ledger to store education records to produce a digital transcript. The database will include everything from diplomas and exams taken to degrees obtained by an individual. To address security issues, Sony created the system to avoid fraud. The information will be available to schools and companies for assessment while safeguarding people’s identity. It will greatly improve how universities […]

Singapore CFTE and MAS To Boost ASEAN FinTech Skills for Finance Professionals

Singapore CFTE and MAS To Boost ASEAN FinTech Skills for Finance Professionals

Singapore — The Centre for Finance, Technology and Entrepreneurship (CFTE) is collaborating closely with the Monetary Authority of Singapore (MAS) to develop a financial technology (fintech) education hub for finance professionals. The CFTE was established in May to provide an education program for professionals in the ever-changing field of digital finance. Working with MAS also enables them to extend the platform to the Association of Southeast Asian Nations (ASEAN), where professionals can share more information and strategies. MAS chief fintech officer Sopnendu Mohanty stated that people are a vital resource for success in fintech. The initiative came following the increasing […]

Cisco Meraki Announced Loss of Customer Data, Clients to Reconfigure Accounts

Cisco Meraki Announced Loss of Customer Data, Clients to Reconfigure Accounts

News last week reported that Cisco lost customer data in its Meraki service, a cloud-based program designed to centrally manage network settings. Cisco owned up to the engineering mishap, stating engineers mistakenly uploaded an erroneous configuration file that dictated incorrect commands to its North American system. This resulted in files being deleted, removing all data uploaded before 11:20am PST in August 3. Some of the files that got deleted in the engineering snafu included telephony server details, summary reports, Wi-Fi floor plans, and general system configurations. To address the incident, Cisco’s engineers are now working to recover the lost data […]

Risk of Cyber Threats Compel Ships to Use Radio Navigation Again

Risk of Cyber Threats Compel Ships to Use Radio Navigation Again

Concerns regarding the vulnerabilities of GPS ship navigation is pressing countries worldwide to come up with a reliable back-up plan that uses traditional radio frequency. Ships currently rely on GPS for satellite navigation, which is highly susceptible to signal jamming from hackers. To resolve this, nations are pushing to develop a secondary system called eLoran (long-range navigation) that works using radio frequency. With 90% of global trading coursed through sea transport, it is crucial to ensure navigation safety. South Korea is the first to implement this technology, with other countries like the U.S., Russia, and Britain to follow through. The […]

Former Uber CEO Kalanick Reportedly Seeking Back Top Role in Company

Former Uber CEO Kalanick Reportedly Seeking Back Top Role in Company

Reports last Sunday revealed that former Uber CEO Travis Kalanick may be looking to come back to the company to recover an operational position, following Softbank’s interest in financing Uber and buying stakeholders’ shares. Barely 2 months after resigning, Kalanick is said to have asked former associates for support in a shareholder battle. However, at present, sources say he is not undertaking any shareholder disputes. Recent events do not seem favorable for the company, which is still in search of new officials for top positions. Internal issues seem to be warding off interested candidates, particularly if Kalanick is really planning […]

U.S. Military Bans Chinese DJI Drones Over Possible Cyber Intrusion

U.S. Military Bans Chinese DJI Drones Over Possible Cyber Intrusion

Earlier this week, the U.S. Military released an international memo to stop using drones made by Chinese company Da-Jiang Innovation Corporation (DJI). The memo, addressed to military stations worldwide, was penned by Lieutenant General Joseph Anderson. He stated concern over “cyber vulnerabilities” associated with DJI, pointing to possible intrusion. The memo also instructed soldiers to take out batteries and storage data from the units. DJI responded to the issue, stating that they were shocked to hear that the U.S. Military did not formally consult them on the decision. DJI said they would have worked with the U.S. Military to address […]

Politically Misaligned Chinese Chatbots Taken Offline for Adjustments

Politically Misaligned Chinese Chatbots Taken Offline for Adjustments

Shanghai — Wednesday tech news reported that Chinese technology firms have removed two chatbots with machine learning capability for not responding according to its script. The chatbots named XiaoBing and BabyQ were placed in the QQ messaging platform developed by Tencent company. A representative said they were outsourced from tech firm Turing Robot, and will undergo some adjustments. Similar to the Twitter and Facebook chatbot blunder where the AI’s used inappropriate words and developed its own language, China’s chatbots were taken offline for politically dissenting opinions. Chatbot BabyQ would respond “no” when asked if it loved the Communist Party. Other […]

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