Month: March 2016

New Era Of Intelligence Vision

(Reuters) SAN FRANCISCO — March 30, 2016 “As an industry, we are on the cusp of a new frontier that pairs the power of natural human language with advanced machine intelligence,” said Satya Nadella, CEO, Microsoft.   This morning at Microsoft’s annual Build conference in San Francisco, CEO Satya Nadella and Executive Vice President of Windows and Devices Group, Terry Myerson, shared the work Microsoft is doing to embrace the new era of conversational intelligence and create more personal computing for every customer, industry and business. Nadella showcased improvements to Cortana and announced previews of new cloud services and toolkits...

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Toshiba to Book $800 million in April-June on Sale of White Goods Business

TOKYO (Reuters) – Toshiba Corp said on Wednesday it would book a pretax profit of 90 billion yen ($801.7 million) for its first quarter ending June, on the sale of its while good business to China’s Midea Group Co Ltd. The company said it had agreed with Midea to sell a stake of 80.1 percent stake in its white goods unit for about 53.7 billion yen. The profit from the transaction exceeded the deal price since the former reflects the unit’s debt that will be removed from Toshiba’s balance sheet, the company said. (Reporting by Taiga Uranaka; Editing by...

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Top Computing Awards Show Growing Importance of Cybersecurity

By Joseph Menn SAN FRANCISCO (Reuters) – A California computer scientist who has studied the economics of cybercrime and pushed the auto industry to address hacking threats to vehicles will be awarded one of the world’s top computing prizes on Wednesday, underscoring the central role that cybersecurity plays in business and government. Stefan Savage, a professor at the University of California, San Diego, will receive the Association for Computing Machinery’s ACM-Infosys Foundation Award. Earlier this month, the association also gave its top prize – the A.M. Turing award – to two cryptographers, Whitfield Diffie and Martin Hellman. They were...

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Amazon Agrees to Pay Fine for Wage Law Violation by Contractor

(Reuters) – Amazon.com Inc agreed to pay over $80,000 in dues and fines after a delivery contractor of the online retailer failed to pay employee wages, Massachusetts’ attorney general said. The contractor, VHU Express, was hired by Amazon to provide delivery services for two warehouses in Massachusetts. An investigation found that VHU and its owner Lisa Bythewood had not paid 52 employees for delivering Amazon packages between December 2015 and February 2016, Massachusetts Attorney General Maura Healey said in a statement. (http://1.usa.gov/1Su98aE) “We have ended our relationship with the company and are taking action to ensure impacted drivers are...

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