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Articles related to "technology"


Fintech could be bigger than ATMs, PayPal, and Bitcoin combined

  • Fintech broke onto the scene as a disruptive force following the 2008 crisis, but the industry's influence on the broader financial services system is changing.
  • The fintech industry no longer stands clearly apart from financial services proper, and is increasingly growing embedded in mainstream finance.
  • Significantly, incumbents are responding more proactively to the rising influence of fintech by making updates to their consumer-facing channels, back-end systems, and overall business operations.
  • Business Insider Intelligence, Business Insider's premium research service, has written the definitive Fintech Ecosystem report that looks at the shifts in the broader environment that fintechs operate in, including funding patterns and regulatory trends; examines the adaptations that some of fintech's biggest subsegments have had to make to secure a foothold in the financial services system; and discusses how the continued rise of the fintech industry is pressuring incumbents to make fundamental changes to their business models and roles.

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Chinese tech giant Huawei plans to introduce 'augmented reality' glasses in next one or two years

  • Huawei is working on augmented reality (AR) smart glasses which could debut in the next one or two years, potentially pitting it in a race against Apple, which is reportedly working on a similar product of its own.
  • The Chinese technology giant already has augmented reality apps on its latest Mate 20 Pro smartphone.
  • But Richard Yu, CEO of Huawei's consumer business, told CNBC in an exclusive interview that AR glasses are in the works which could take the experience to the next level.
  • Yu said the company will bring more augmented reality experiences to the smartphone first, so users become accustomed to it before the company releases the glasses.
  • Microsoft has a product called HoloLens that uses augmented reality, but it's marketed to business users.
  • Huawei has become a serious player in consumer electronics, recently overtaking Apple as the world's second-largest smartphone maker.

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Cybersecurity Tools for Data Center Networks are Getting Smarter With Machine Learning

  • Cybersecurity tools used in data centers are getting smarter as vendors roll out more machine learning capabilities.
  • With the new tools, security teams can analyze millions of threats in real time, he said, and rank them based on hundreds of factors to understand their true risk level.
  • Data centers also have an increasing amount of automation available in the cybersecurity tools that they use, also frequently powered by AI and machine learning.
  • According to a survey conducted last fall by the Enterprise Security Group, automation of security analytics and operations is a priority for two thirds of organizations, and 39 percent have already deployed machine learning technologies to help address their cybersecurity needs.
  • Various AI-related technologies, including natural language processing, automated agents, and machine learning, are starting to come together to make security tools easier to use.

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Analysts are missing the mark on shares of Apple and FANG, Cramer says

  • CNBC's Jim Cramer is tired of seeing negative Wall Street coverage suffocate the stocks of Apple and FANG, his acronym for Facebook, Amazon, Netflix and Google, now Alphabet.
  • But analysts, who have been peppering the iPhone maker's stock with downgrades, may be overlooking the possibility that Apple anticipated some sales weakness when it reported earnings on Nov. 1, he said.
  • Still, Wall Street's "bearish freight train has run over a lot of good news," like Apple expanding a landmark deal to sell its new iPhones and iPads on Amazon, something that should have been received positively by analysts, Cramer said.
  • Netflix, which Cramer admitted has an expensive stock, still has the power to raise prices, create tiers of content and land high-profile deals, he said.
  • Disclosure: Cramer's charitable trust owns shares of Apple, Facebook, Amazon and Alphabet.

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Dallas mayor passed over by Amazon's HQ2 selection says officials ultimately had 'an East Coast bias'

  • As Amazon dubbed not one, but two East Coast locations as its new headquarters Tuesday morning, cities in the middle of country lost a chance at becoming an emerging tech market.
  • In the end, Amazon announced Tuesday morning it would split its headquarters between two predictable East Coast locations, Long Island City in New York and an area of Arlington, Virginia, just outside D.C. It also announced it would create a new Operations Center of Excellence in Nashville with 5,000 workers.
  • Still, Rawlings said he believes that incentives were not a key driver in Amazon's decision, adding that the company told him that its desire to be on the East Coast and need for a strong tech talent pool in the short term drove them to choose Long Island City and National Landing.

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Russian trolls reached hundreds of thousands of U.S. Instagram users before Facebook removed them on eve of midterms

  • Among the Facebook and Instagram accounts that were linked to Russian trolls ahead of the U.S. midterm elections this month, one on Instagram had more than 600,000 U.S. followers, Facebook said in a blog post on Tuesday.
  • A Russian troll farm was tied to more than 100 Facebook and Instagram accounts before they were blocked on the eve of the elections, Facebook said.
  • Based on a tip from the FBI on Nov. 4, the company identified and removed a total of 99 Instagram accounts, 36 Facebook accounts and 6 Facebook pages.
  • Facebook previously announced the removal of the accounts, but it had not disclosed the exact number of them, how long they operated or how many users they reached.
  • The company has removed hundreds of accounts for sharing propaganda and spam and engaging in "coordinated inauthentic behavior," which includes misleading people using fake names.

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A look inside Tesla's Gigafactory: The key to the automakers' success

  • Much of that growth is due to its latest vehicle, the Model 3, a sedan targeted to a broader audience than Tesla's previous cars.
  • Last quarter, as Tesla hit its target of producing more than 5,000 Model 3 cars per week, the company posted a profit.
  • Easing that pressure and keeping Tesla profitable will come down to a few key factors, most notably, growing sales and lowering the cost to build battery packs.
  • Jaffe studies the electric vehicle market, specifically focusing on the costs to build the battery packs and cells that provide the energy inside those packs.
  • Jaffe's analysis pegs Tesla's cost to manufacture a battery cell at $116 per kilowatt-hour, which he says is "far ahead of the industry." He estimates other automakers building electric vehicles have battery cell costs closer to $146 per kilowatt-hour.

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An investor at a $1 trillion asset manager identifies a 'powerful challenge' to passive investing over the next 5 years

  • That's up from 20% just two years ago and a leap from a decade ago when secular risk was "rarely discussed," Giroux, chief investment officer of equity and multi-asset at the $1 trillion asset manager, said.
  • One challenge for investors will be to identify the next round of companies facing secular pressures before the market does.
  • Giroux - who works in active investing - says secular risk will be a "powerful challenge to passive investing over the next 5-10 years." Passive investors' capital sits in funds tied to indices, such as the S&P; 500, that do not typically account for such industry headwinds.
  • Companies facing secular risk can suffer from a slower growth rate, margin compression, and multiple compression, Giroux said.
  • Industries that are not affected by - and can even benefit from - secular risk include utilities, business services, industrials, and disruptive companies such as Amazon, Google, and Netflix.

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Citi will move 1,100 workers earlier than planned to make way for Amazon in NYC

  • Citigroup is rolling out the red carpet for Amazon's move to the New York City area by moving more than 1,000 employees out of its Queens office tower to accommodate the e-commerce giant.
  • The tower at One Court Square, bearing Citi's name on the top, opened nearly 30 years ago and has been home to various Citi units.
  • The move represents roughly one-third of its 3,000 employees who work in the tower in about 1 million square feet of office space.
  • The bank had already indicated plans to move most of its workers out of the location by 2020.
  • It is splitting the location between Long Island City and a site in the Northern Virginia suburbs of Washington, D.C. Amazon CEO Jeff Bezos has a home in DC and also owns The Washington Post.

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Microsoft, Google Back Paris Cyber Pledge on Chips, Hacks

  • Marie Mawad and Helene Fouquet (Bloomberg) -- Microsoft Corp., Google and Samsung Electronics Co. are backing a cybersecurity pledge coming out of Paris that promises to unite tech giants and governments in battling election tampering, compromised electronic components and software hacks.
  • The tech pledge is a reaction to cyber-wars that, over the past years, disrupted elections in places like the U.S. and France and hobbled businesses through attacks such as WannaCry and NotPetya.
  • The guest list included executives from Microsoft and Facebook Inc., the Paris and London mayors, as well as representatives from the UN, the EU Commission and governments of countries including the U.K. The announcement comes amid a series of events taking place in Paris, including the Peace Forum and Internet Governance Forum, and following commemorations of the end of World War I that Presidents Donald Trump and Vladimir Putin attended on Sunday.

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