Password management firm 1Password has launched a public beta for a program that implements passwordless logins, joining the trend to eliminate its bread and butter: passwords. Those who sign up to participate, creating a new 1Password account via the public beta, will get “an extended free trial that lasts for the duration of the beta,” the company says. Initially, “the ability to unlock 1Password with a passkey is reserved for new users, but will be made available to those with existing 1Password accounts sometime in 2024. Passkeys let people sign in to accounts without having to memorize a password or manage a secret key. Continue reading 1Password Introduces Passkey Support for Desktop and iOS

Passkeys — a secure way to login to accounts without passwords — are back in the news as a bevy of companies lend their support to the cryptographic technology. Windows 11, GitHub and Nintendo are among the latest to go passwordless. The standard, which began gaining momentum last year, has also been embraced by companies including Apple, Google, the FIDO Alliance and the World Wide Web Consortium. Each passkey involves two keys — one public and registered with an online service or app, and one private and stored on individual devices, like smartphones or computers. Continue reading Windows 11, GitHub, Nintendo Are Latest to Support Passkeys

Amazon plans to enable palm-scan payments at the company’s 500-plus U.S. Whole Foods stores by year’s end with enrollment in Amazon One. Amazon Fresh grocery stores, select Panera restaurants, some stadiums and concert venues, and even a few Starbucks locations are said to be participating in the rollout. Amazon introduced hand-scanning sensor technology in 2020 in a bid to rival Google and Apple in the digital wallet sector. The e-retail giant now has the scanners installed in about 400 locations, some 150 of which are third-party owned, like the Hudson Group airport stores and Coors Field in Denver. Continue reading Amazon Palm-Scan Payment Plan to Challenge Apple, Google

PayPal has become the first major U.S. fintech firm to launch its own cryptocurrency with a stablecoin called PayPal USD. Issued by Paxos Trust Company, PayPal USD is 100 percent backed by dollar deposits, U.S. treasuries and cash equivalents, and will maintain a value of exactly $1, according to the company. Initially available only to U.S. customers, CEO Dan Schulman says PayPal intends to make cryptocurrency a part of its overall payments infrastructure and will soon integrate it with its Venmo mobile payment app. PayPal shares, in a slump since last year, were up 3 percent on the news. Continue reading PayPal Is First Major U.S. Fintech to Launch Own Stablecoin

President Biden heralded the “enormous promise” of artificial intelligence while pointing out that we must manage risks to society and our economy. These include misinformation and job loss. Meeting with experts in San Francisco, Biden said AI is already fueling “change in every part of American life, often in ways we don’t notice.” Citing social media and its potential harms, Biden called for proper AI guardrails. The Bay Area visit was part of Biden’s 2024 reelection fundraising campaign, and included an event co-hosted by venture capitalist Reid Hoffman, who was integral to the launches of LinkedIn and PayPal. Continue reading Feds Escalate Urgency Around AI, Biden Meets with Experts

With artificial intelligence development dating back to the 1950s, IBM was clearly ahead of its time. The company has quietly built a commercial portfolio, with more than 100 million customers across 20 industries using its Watson suite, the company says. At its annual Think conference, the company unboxed IBM Watsonx, a next-generation platform that leverages the scale and scope of foundation models to provide custom solutions for data-driven clients. Described as an “enterprise studio for AI builders,” Watsonx is an end-to-end framework that combines the tools, infrastructure and consulting expertise corporations can use to onboard AI. Continue reading IBM Bows Watsonx Suite of Enterprise AI Products, Services

Elon Musk is seeking a payments system for Twitter as he pursues his plan to make it a “super app” along the lines of China’s WeChat. Musk outlined his vision in a live presentation on Twitter Spaces to more than 100,000 users and advertisers, including reps from Adidas, Kate Spade, Nissan and Walgreens. Musk has been brainstorming with confidants over ways to improve Twitter and make it profitable. Last week, Twitter filed registration paperwork with the Treasury Department for approval to add payments. Meanwhile, top privacy and security executives are leaving the company after Musk told employees “bankruptcy isn’t out of the question.” Continue reading Musk Takes to Twitter Spaces to Share Plans for the Platform

Now that Apple, Google and Microsoft have updated their operating systems to support the open standard passkey protocol stewarded by the FIDO Alliance, consumers will soon be liberated from the tyranny of passwords and their attendant security threats. PayPal has become the latest to embrace the passkey approach, announcing U.S. users will soon be able to log in using FIDO-compliant passkeys. It joins Best Buy, CardPointers, eBay, Kayak and WordPress among those with digital portals offering a passkey option. Passkeys will permit consumers to login seamlessly across devices, making online purchases easier and eliminating friction from app access. Continue reading Big Tech Ramps Up Digital Security with Passkey Deployment

U.S. tech execs are experiencing app envy, with companies from Uber to PayPal and billionaires Elon Musk and Jack Dorsey setting their sights on building one-size-fits-all “super apps” to rival Tencent’s WeChat in China and SoftBank’s LINE in Japan. Where typical apps are built to do one thing really well, so-called super apps are generalists, which in theory means people will use them more often. Spotify and Snap have also expressed interest in super solutions, which have been popular in Asia since 2020 and are sparking new interest in the West. Continue reading U.S. Firms Chase China’s WeChat in Bid to Build Super Apps

Twitter’s 8,000 employees were treated to a question-and-answer session with Elon Musk on Thursday, the first staff meeting the tech entrepreneur has conducted since his bid to purchase the company for $44 billion. The hour-long meeting, which was live-streamed to the Twitter staff, touched on a wide range of topics, including aliens and “the nature of reality” as well as interests closer to home, such as layoffs, growth plans and, of course, TikTok. The move seemed to reinforce Musk’s intent to close the Twitter deal after suggesting in April that it was “on hold.” Continue reading Musk Shares Some of His Thoughts with Twitter Employees

The global semiconductor shortage that has plagued the supply chain for the past two years is threatening to affect advanced chips for next-generation smartphones as well as impacting the data centers critical to powering their apps. High-performance chips with tiny transistors had to a large extent sidestepped the scarcities that impacted the auto industry, appliances and basic consumer electronics. Now everything from production volume to manufacturing equipment has analysts worried about whether the world’s top smart chip manufacturers — TSMC and Samsung Electronics — will be able to keep up with customer demand. Continue reading Chip Manufacturing Delays Threaten Next-Gen Smartphones

European regulators on Monday hit Apple with an antitrust charge, alleging it has created a “closed system” for contactless mobile payments. The so-called statement of objections says the iPhone maker has abused its market power by favoring its Apple Pay for mobile contactless payments to the detriment of third-party services like PayPal, which reportedly helped initiate the charges. The European Commission says it has reason to believe Apple withheld access to its NFC inputs in order to suppress other mobile-wallet app developers from competing with Apple Pay, which the Commission called “a closed ecosystem.” Continue reading EU Hits Apple with Antitrust Objections Over Mobile Payments

A new AI revolution is underway, turning people who know little about coding into developers. Called “no code,” startups are emerging to productize this new category, which essentially lets people use familiar, clickable web interfaces and even natural language to automate tasks or create simple applications, while machine learning takes over the rest. Proponents predict it will be a game-changer, powering a brigade of “citizen developers” to leverage artificial intelligence without knowing how to write code. Startups entering the space include Juji, which makes creating AI chatbots as easy as programming PowerPoint. Continue reading No-Code AI and Prediction Tools Bring Coding to the People

Nearly 37 percent of the world’s population has never used the Internet, according to the United Nations. That’s about 2.9 billion people yet to experience the technology most of the other 63 percent now take for granted. But many feel the Internet is ready for its third act, Web3 (also known as Web 3.0). Companies trying to figure out what Web3 means for their business models are not helped by the fact that there is dissent as to what it will be. Decentralized, relying on blockchain, connected to the metaverse are among the themes being discussed. Although there’s a lot being written, it’s all rather fuzzy at this time. Continue reading The Web3 Debate: Impending Revolution or Marketing Hype?

Tidal unveiled an upgrade to its paid music plan and introduced two new plans — a cost-free tier (a first for the platform) and Tidal HiFi Plus. The standard $9.99-per-month subscription, now called Tidal HiFi, provides users with lossless and high-resolution audio and customized listening insights through features such as Tidal Connect and My Activity. With the new $19.99-per-month Tidal HiFi Plus, users get immersive formats including Dolby Atmos and Sony 360 Reality Audio as well as exclusive access to Tidal’s Master Quality Authenticated recordings. Tidal also launched an innovative direct-to-artist payments program with plans to introduce fan-centered royalties next year. Continue reading Tidal Launches New Music Tiers, Model to Pay Artists Directly