Archives September 2020

The dominance of major U.S. tech stocks in recent years has pushed the sector past another milestone as it is now more valuable than the entire European stock market, according to Bank of America Global Research. The firm said in a note that this is the first time the market cap of the U.S. tech sector, at $9.1 trillion, exceeds Europe, which including the U.K. and Switzerland is now at $8.9 trillion. For reference, the firm said that in 2007, Europe was four times the size of U.S. technology stocks.

Tech pulling ahead of the European continent comes as the U.S. market has become increasingly concentrated in mega-cap tech stocks, worrying some market strategists. The five biggest tech names — Apple, Microsoft, Alphabet, Amazon and Facebook — accounted for 17.5% of the S&P 500 in January, and the rotation into tech during the coronavirus pandemic has pushed that number well above 20%. Consumer tech goliath Apple is worth more than $2 trillion by itself. The run for Amazon might be the most stunning of the group. The company has been growing into a dominant force in e-commerce since the 1990s, but the explosion of the cloud computing industry has helped its stock surge over the past decade. Its share price was about 20 times higher on Thursday than it was in August 2010.

With a pig named Gertrude, Elon Musk demonstrated his startup Neuralink’s technology to build a digital link between brains and computers. A wireless link from the Neuralink device showed the pig’s activity activity as it snuffled around a pen on stage Friday night.

The demonstration shows the the technology to be significantly closer to delivering on Musk’s radical ambitions than during a 2019 product debut, when Neuralink only showed photos of a rat with a Neuralink connected via a USB-C port. It’s still far from reality, but Musk said the US Food and Drug Administration in July granted approval for “breakthrough device” testing. Musk also showed a second-generation device that’s more compact and that fits into a small cavity hollowed out of a hole in a skull. “It’s like a Fitbit in your skull with tiny wires,” Musk said of the device. It communicates with brain cells with 1,024 thin electrodes that penetrate within brain c

NROL-44 is a huge signals intelligence, or SIGINT, satellite, says David Baker, a former NASA scientist who worked on Apollo and Shuttle missions, has written numerous books, including U.S. Spy Satellites and is editor of SpaceFlight magazine. “SIGINT satellites are the core of national government, military security satellites. They are massive things for which no private company has any purpose,” says Baker… “It weighs more than five tons. It has a huge parabolic antenna which unfolds to a diameter of more than 100 meters in space, and it will go into an equatorial plane of Earth at a distance of about 36,000 kilometers (22,000 miles),” says Baker…

Spy satellites “hoover up” of hundreds of thousands of cell phone calls or scour the dark web for terrorist activity. “The move from wired communication to digital and wireless is a godsend to governments because you can’t cut into wires from a satellite, but you can literally pick up cell phone towers which are radiating this stuff into the atmosphere. It takes a massive antenna, but you’re able to sit over one spot and listen to all the communications traffic,” says Baker…

Some people worry about congestion in space, or satellites bumping into each other, and the threat of a collision causing space debris that could damage other satellites or knock out communications networks. But that may have benefits, too — little bits of spy satellite can hide in all that mess and connect wirelessly to create a “virtual satellite,” says Baker. “There are sleeper satellites which look like debris. You launch all the parts separately and disperse them into various orbits. So, you would have sensors on one bit, an amplifier on another bit, a processor on another, and they’ll be orbiting relatively immersed in space debris.”

“Space debris is very good for the space defense industry,” says Baker, “because the more there is, the more you can hide in it.”

Researchers from Mozilla report in a study that web browsing histories (the lists of user visited websites) are uniquely identifying users (PDF). In their study that was the case for 99% of users. Treating web browsing histories like fingerprints, the researchers analysed how the users can be reidentified just based on the coarsened list of user-visited websites.

In doing so they upheld and confirmed a previous study from 2012, prompting the author of the original study to say that web browsing histories are now personal data subject to privacy regulations like the GDPR.

Sensitivity of web browsing history data questions the laws allowing ISPs to sell web browsing histories.

The now-vindicated author of the 2012 study added this emphatic note in their blog post. “Web browsing histories are personal data. Deal with it.”

If we’re going to break Big Tech’s death grip on our digital lives, we’re going to have to fight monopolies. That may sound pretty mundane and old-fashioned, something out of the New Deal era, while ending the use of automated behavioral modification feels like the plotline of a really cool cyberpunk novel… But trustbusters once strode the nation, brandishing law books, terrorizing robber barons, and shattering the illusion of monopolies’ all-powerful grip on our society. The trustbusting era could not begin until we found the political will — until the people convinced politicians they’d have their backs when they went up against the richest, most powerful men in the world. Could we find that political will again…?

That’s the good news: With a little bit of work and a little bit of coalition building, we have more than enough political will to break up Big Tech and every other concentrated industry besides. First we take Facebook, then we take AT&T/WarnerMedia. But here’s the bad news: Much of what we’re doing to tame Big Tech instead of breaking up the big companies also forecloses on the possibility of breaking them up later… Allowing the platforms to grow to their present size has given them a dominance that is nearly insurmountable — deputizing them with public duties to redress the pathologies created by their size makes it virtually impossible to reduce that size. Lather, rinse, repeat: If the platforms don’t get smaller, they will get larger, and as they get larger, they will create more problems, which will give rise to more public duties for the companies, which will make them bigger still.

We can work to fix the internet by breaking up Big Tech and depriving them of monopoly profits, or we can work to fix Big Tech by making them spend their monopoly profits on governance. But we can’t do both. We have to choose between a vibrant, open internet or a dominated, monopolized internet commanded by Big Tech giants that we struggle with constantly to get them to behave themselves…

Big Tech wired together a planetary, species-wide nervous system that, with the proper reforms and course corrections, is capable of seeing us through the existential challenge of our species and planet. Now it’s up to us to seize the means of computation, putting that electronic nervous system under democratic, accountable control.

With “free, fair, and open tech” we could then tackle our other urgent problems “from climate change to social change” — all with collective action, Doctorow argues. And “The internet is how we will recruit people to fight those fights, and how we will coordinate their labor.

“Tech is not a substitute for democratic accountability, the rule of law, fairness, or stability — but it’s a means to achieve these things.”

A strange phenomenon has emerged near Amazon.com delivery stations and Whole Foods stores in the Chicago suburbs: smartphones dangling from trees. Contract delivery drivers are putting them there to get a jump on rivals seeking orders.

Someone places several devices in a tree located close to the station where deliveries originate. Drivers in on the plot then sync their own phones with the ones in the tree and wait nearby for an order pickup. The reason for the odd placement, according to experts and people with direct knowledge of Amazon’s operations, is to take advantage of the handsets’ proximity to the station, combined with software that constantly monitors Amazon’s dispatch network, to get a split-second jump on competing drivers. That drivers resort to such extreme methods is emblematic of the ferocious competition for work in a pandemic-ravaged U.S. economy suffering from double-digit unemployment. Much the way milliseconds can mean millions to hedge funds using robotraders, a smartphone perched in a tree can be the key to getting a $15 delivery route before someone else. Drivers have been posting photos and videos on social-media chat rooms to try to figure out what technology is being used to receive orders faster than those lacking the advantage.

Facebook and Google are hollowing out local communities by serving as vectors for misinformation while hobbling local journalism and collecting taxpayer subsidies, a new paper from progressive think tank the American Economic Liberties Project charges. Both companies cite benefits their platforms offer small businesses as a key defense against critiques of their size and power. The paper, dated Aug. 30, is sure to presage further scrutiny of the impact they’ve had on local communities.

The brief, by Pat Garofalo, the group’s director of state and local policy, argues that: Google doesn’t do enough to protect against fraud, allowing scammers to get their own numbers and websites listed on Google to the detriment of legitimate businesses. Facebook, by design, boosts shoddy and sensationalist content, crowding out legitimate local news and information, all as it and Google have come to dominate the local advertising market that was long the lifeblood of community journalism. Both have sucked up potentially billions in local taxpayer dollars via tax breaks as well as subsidies and discounts on utilities they’ve gotten in exchange for building data centers. Garofalo recommends remedies including more antitrust enforcement at the federal and state levels and an end to preferential treatment by states and localities, either voluntarily or under force of law.

Previously, the search engine had marked paid results with the word “Ad” in a green box, tucked beneath the headline next to a matching green display URL. Now, all of a sudden, the “Ad” and the URL shifted above the headline, and both were rendered in discreet black; the box disappeared. The organic search results underwent a similar makeover, only with a new favicon next to the URL instead of the word “Ad.” The result was a general smoothing: Ads looked like not-ads. Not-ads looked like ads. This was not Google’s first time fiddling with the search results interface. In fact, it had done so quite regularly over the last 13 years, as handily laid out in a timeline from the news site Search Engine Land. Each iteration whittled away the distinction between paid and unpaid content that much more. Most changes went relatively unnoticed, internet residents accepting the creep like the apocryphal frog in a slowly boiling pot.

But in January, amid rising antitrust drumbeats and general exhaustion with Big Tech, people noticed. Interface designers, marketers, and Google users alike decried the change, saying it made paid results practically indistinguishable from those that Google’s search algorithm served up organically. The phrase that came up most often: “dark pattern,” a blanket term coined by UX specialist Harry Brignull to describe manipulative design elements that benefit companies over their users. That a small design tweak could inspire so much backlash speaks to the profound influence Google and other ubiquitous platforms have — and the responsibility that status confers to them. “Google and Facebook shape realities,” says Kat Zhou, a product designer who has created a framework and toolkit to help promote ethical design. “Students and professors turn to Google for their research. Folks turn to Facebook for political news. Communities turn to Google for Covid-19 updates. In some sense, Google and Facebook have become arbiters of the truth. That’s particularly scary when you factor in their business models, which often incentivize blurring the line between news and advertisements.”

Google’s not the only search engine to blur this line. If anything, Bing is even more opaque, sneaking the “Ad” disclosure under the header, with only a faint outline to draw attention. […] But Google has around 92 percent of global search marketshare. It effectively is online search. Dark patterns are all too common online in general, and January wasn’t the first time people accused Google of deploying them. In June of 2018, a blistering report from the Norwegian Consumer Council found that Google and Facebook both used specific interface choices to strip away user privacy at almost every turn. The study details how both platforms implemented the least privacy-friendly options by default, consistently “nudged” users toward giving away more of their data, and more. It paints a portrait of a system designed to befuddle users into complacency. […] That confusion reached its apex a few months later, when an Associated Press investigation found that disabling Location History on your smartphone did not, in fact, stop Google from collecting your location in all instances.

“They go by different names: ritual consultants, sacred designers, soul-centered advertisers,” reports the New York Times, describing “a new corporate clergy” working as “divinity consultants” and “designing sacred rituals for corporations.”

They have degrees from divinity schools. Their business is borrowing from religious tradition to bring spiritual richness to corporate America. In simpler times, divinity schools sent their graduates out to lead congregations or conduct academic research. Now there is a more office-bound calling: the spiritual consultant. Those who have chosen this path have founded agencies — some for-profit, some not — with similar-sounding names: Sacred Design Lab, Ritual Design Lab, Ritualist.

They blend the obscure language of the sacred with the also obscure language of management consulting to provide clients with a range of spiritually inflected services, from architecture to employee training to ritual design. Their larger goal is to soften cruel capitalism, making space for the soul, and to encourage employees to ask if what they are doing is good in a higher sense. Having watched social justice get readily absorbed into corporate culture, they want to see if more American businesses are ready for faith. “We’ve seen brands enter the political space,” said Casper ter Kuile, a co-founder of Sacred Design Lab. Citing a Vice report, he added: “The next white space in advertising and brands is spirituality….”

Ezra Bookman founded Ritualist, which describes itself as “a boutique consultancy transforming companies and communities through the art of ritual,” last year in Brooklyn. He has come up with rituals for small firms for events like the successful completion of a project — or, if one fails, a funeral. “How do we help people process the grief when a project fails and help them to move on from it?” Mr. Bookman said. Messages on the start-up’s Instagram feed read like a kind of menu for companies who want to buy operational rites a la carte: “A ritual for purchasing your domain name (aka your little plot of virtual land up in the clouds).” “A ritual for when you get the email from LegalZoom that you’ve been officially registered as an LLC.”

The articles notes there are problems when combining the corporate with the religious.

For one thing, “It’s hard to exhort workers to give their professional activities transcendental meaning when, at the same time, those workers can be terminated.”

“Imagine a world where wireless devices are as small as a grain of salt,” writes futurist Bernard Marr in Forbes, describing a technology being researched by companies like IBM, General Electric, and Cisco. “These miniaturized devices have sensors, cameras and communication mechanisms to transmit the data they collect back to a base in order to process.

“Today, you no longer have to imagine it: microelectromechanical systems (MEMS), often called motes, are real and they very well could be coming to a neighborhood near you. Whether this fact excites or strikes fear in you it’s good to know what it’s all about.”
Outfitted with miniature sensors, MEMS can detect everything from light to vibrations to temperature. With an incredible amount of power packed into its small size, MEMS combine sensing, an autonomous power supply, computing and wireless communication in a space that is typically only a few millimeters in volume. With such a small size, these devices can stay suspended in an environment just like a particle of dust. They can:

– Collect data including acceleration, stress, pressure, humidity, sound and more from sensors

– Process the data with what amounts to an onboard computer system

– Store the data in memory

– Wirelessly communicate the data to the cloud, a base or other MEMs

Since the components that make up these devices are 3D printed as one piece on a commercially available 3D printer, an incredible amount of complexity can be handled and some previous manufacturing barriers that restricted how small you can make things were overcome. The optical lenses that are created for these miniaturized sensors can achieve the finest quality images.

The potential of smart dust to collect information about any environment in incredible detail could impact plenty of things in a variety of industries from safety to compliance to productivity. It’s like multiplying the internet of things technology millions or billions of times over.

A new report suggests that over the next 30 years, at least 80% of the oil industry will be wiped out.

The oil industry is on the cusp of a process of almost total decimation that will begin over the next 30 years, and continue through to the next century. That’s the stark implication of a new forecast by a team of energy analysts led by a former US government energy advisor, seen exclusively by Motherboard. 2020, the forecast suggests, will go down in history as the final point-of-no-return for the global oil industry — a date to which we will look back and remember how the production of oil, as well as other fossil fuels like gas and coal, underwent a slow, but inexorable and largely irreversible decline.

Along the way, some 80 percent of the industry as we know it is going to be wiped out. Of course, the COVID-19 pandemic is likely to be recognized as a principal trigger for this decline. The new era of oscillating social distancing rules and remote working has crushed once rocketing demand, at least temporarily. But in reality, the broad contours of this decline were already set in motion even before the pandemic hit. And the implications are stark: we are in the midst of a fundamental energy transition which will see the bulk of the fossil fuel industry gradually eclipsed in coming decades.