When Walmart started a bank in the early 2000s, states passed laws to ban branches and Congress drafted a law to ban retailers from opening banks. Almost ten years later, Walmart threw in the towel, with its president for financial services Jane Thompson vowing the company would never try it again. That hasn’t stopped Google from announcing it will begin to offer checking accounts next year. Uber wants to open Uber Money, a bank for its drivers (and perhaps riders) and Facebook debuted Facebook Pay. Continue reading Big Tech Firms Pursue Financial Services Despite Setbacks

According to sources, Apple, in a bid to gain more subscribers, plans to bundle its paid Internet services, including Apple News+, Apple TV+ and Apple Music, as early as 2020. Apple included a proviso in its recently inked media deals that allows it to bundle the News+ service with other paid digital content. Debuted in March, Apple News+ is a $10 per month subscription service that provides access to many publications, splitting the revenue in half with the newspaper and magazine publishers. The Apple TV+ streaming video service launched earlier this month. Continue reading Apple to Bundle News+, TV+, Music as Early as Next Year

According to Microsoft head of gaming Phil Spencer, the company will introduce its xCloud game streaming service, integrated with Xbox Game Pass, in 2020, with price and launch date to be determined. Microsoft will also bring xCloud to Windows 10 PCs, making it likely that PC games will be streamed there in the future. Microsoft head of cloud gaming Kareem Choudhry noted the lack of mouse and keyboard support for Xbox games streamed via xCloud to a PC, but said there will “be more types of content” in the future. Continue reading Microsoft to Debut xCloud Game Streaming Service in 2020

Lenovo-owned Motorola is bringing back the iconic Razr flip phone as a 6.2-inch smartphone with a foldable display. The phone, which is priced at $1,499 and will be available in December for pre-order in the U.S. as a Verizon exclusive and in Europe, looks like a modern version of the phone originally launched in late 2004. The first Razr sold 130 million units and was a cultural touchstone before Apple launched the iPhone in 2007. Currently, Lenovo only owns a small fraction of the global smartphone market. Continue reading Motorola to Launch New Razr Phone with Foldable Display

Beginning in January 2020, YouTube will begin enforcement of a new policy that blocks data collection for content aimed at children. The result for content creators will be lower ad revenue; viewers will no longer see popular features such as comments and end screens. Google confirmed the new policy is the result of a $170 million settlement in September that YouTube reached with the Federal Trade Commission for allegedly violating children’s privacy rights under the Children’s Online Privacy Protection Act (COPPA). Continue reading YouTube’s New Video Policy Places the Onus on Creators

Microsoft will begin providing customers of its Azure cloud platform with chips made by U.K. startup Graphcore, with the goal of speeding up the computations for artificial intelligence projects. Graphcore, founded in Bristol in 2016, has attracted several hundred million dollars in investment and the attention of many AI researchers. Microsoft invested in Graphcore last December, with the hope of making its cloud services more compelling. Graphcore’s chips have not previously been available publicly. Continue reading Microsoft Pairs Azure Cloud Platform, Graphcore AI Chips

Microsoft’s GitHub revealed plans for the Arctic Code Vault to store open source projects on film with 8.8-million pixel frames. The Vault will be constructed in a decommissioned coal mine in Svalbard, Norway, to preserve TensorFlow, Flutter and other open source software for 1,000 years. Svalbard, also home to a global seed vault, is one of the most northern cities on earth, with permafrost that extends “hundreds of meters” below the surface. GitHub also launched its own official mobile app. Continue reading GitHub Is Planning a Vault to Preserve Open Source Code

Amazon, Apple, Facebook, Google, Magic Leap, Microsoft and Snap are among the Big Tech companies working on creating smart glasses that we can wear everywhere — and that may even replace our smartphones. Currently, glasses are too big (and expensive), but in time are expected to achieve a sleeker form factor and come down in price. Smart glasses promise to dramatically shift how we engage with the world, and some advocates believe we will eventually be able to replace every screen we use with a single pair of glasses. Continue reading Big Tech Companies Make Progress on AR Smart Glasses

On November 11, Chinese e-commerce giant Alibaba brought in nearly $38.3 billion worth of goods in the 24-hour period known in that country as Singles Day. That surpasses last year’s Singles Day that bought in $30.8 billion. Both figures dwarf the numbers for Black Friday, the massive commercial day-after-Thanksgiving sale in the U.S. Alibaba invented Singles Day ten years ago and, since then, has become a tech giant along the line of Amazon or Alphabet. China also has become wealthier and more digitally connected. Continue reading Alibaba’s Singles Day Reaps $38.3B, Dwarfing Black Friday

Facebook unveiled Facebook Pay, a system to enable payments across its own platform as well as Messenger, Instagram and WhatsApp. The user will be able to send money to people, shop and donate to fundraisers. According to the company, Facebook Pay, which is completely separate from the company’s newly released Calibra wallet and Libra cryptocurrency network, is built on “existing financial infrastructure and partnerships.” Facebook Pay for Facebook and Messenger will debut in the U.S. this week. Continue reading Facebook Debuts Payments System For Its Platform, Apps

HBO, Netflix and major cable companies have joined forces to crack down on password sharing. The group is discussing ways to close that loophole, which, with piracy, is costing them a projected $6.6 billion in lost revenue this year. According to sources, among the potential measures are to require customers to periodically change their passwords, or to text codes to subscribers’ phones that they’d need to enter. Another option would be to make rules on devices that can be used to access a subscription outside the home. Continue reading Pay TV and Cable Companies Aim To Limit Password Sharing

As reported in The Information, Apple is planning to launch a hybrid augmented reality/virtual reality headset in 2022 and a pair of AR glasses the following year. This recently released report stated that Apple chief executive Tim Cook spoke about the AR project in a 1,000-employee meeting, an unusually large gathering for the company. The report contained detailed information about Apple’s ideas about wearable AR devices. Apple has also developed a new 3D sensor system that will be integrated with the AR and VR devices. Continue reading Apple Is Developing AR/VR Headset, Glasses, 3D Sensors

Google and Ascension, the second-largest health system in the U.S., have been collecting the personal health data of tens of millions of people in 21 states. Project Nightingale, the tech giant’s effort to enter healthcare, has culled lab results, diagnoses and hospitalization records, which include patient names and dates of birth. No doctor or patient has been notified, which has sparked a federal inquiry, but some experts say the initiative is permissible since Google is developing software to improve the healthcare system. Google explained that its partnership with Ascension is not a secret and was first announced in July during a Q2 earnings call. Continue reading Google Culls Patient Data to Build Healthcare Search Tools

One of the benefits of 5G, expected to be 100 times faster than 4G networks, is the improved protection of sensitive data. Much of the conversation about 5G networks has focused on the security issues related to Chinese vendors of gear used in 5G networks. But Verizon chief information officer Chandra McMahon noted that “security is designed into 5G and there will be additional [security] technical features.” Another advantage is that 5G providers will rely on the cloud, providing more capacity and flexibility. Continue reading 5G Offers Wireless Carriers More Security, Privacy Options

JPMorgan Chase has developed an e-wallet for Airbnb, Amazon, Lyft and the like, to allow them to offer customers virtual bank accounts, car loans and home rental discounts. In doing so, these online marketplaces and gig economy companies will end up spending less on payment processing fees to third parties — including JPMorgan. That might sound counterintuitive, but the catch is that the companies can only avail themselves of the offerings if they let JPMorgan handle all the payment processing and cash exchanges. Continue reading JPMorgan Intros E-Wallet for Gig Economy, Online Markets