Alterslash

the unofficial Slashdot digest archive

Microsoft Teases First-Ever 'Stream-To-Win' Option Built Into Xbox

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At this month's E3, Microsoft confirmed "a first in the booming world of game streaming," reports Ars Technica. "It's a subtle thing, which we're dubbing 'stream-to-win,' and it sees Microsoft take its boldest step in battling the behemoth service Twitch." From the report: Horizon 4 will be the first Microsoft Studios game to recognize when players broadcast their live gameplay via Mixer and then give out bonuses within that game for doing so (Mixer is a Twitch-like service that Microsoft acquired in 2016 before re-dubbing it Beam). All Xbox One consoles received an update last year to integrate one-button "stream to Mixer" support, which players can swap to Twitch by going through the system's options.

In the week-plus since learning this about Horizon 4, we have been unable to find a comparable feature in any video game -- meaning, one that recognizes a broadcast (on Mixer, Twitch, or any other service) and then gives out goodies inside the same video game as a reward. Some video games already include official and deep integration with Twitch and Mixer, but these rely largely on audience-driven votes, like in the digital card game Superfight and the battle royale game Darwin Project.

Ticketmaster UK Admits Personal Data Stolen In Hack Attack

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An anonymous reader quotes a report from BBC: Ticketmaster has admitted that it has suffered a security breach, which the BBC understands has affected up to 40,000 UK customers. Malicious software on third-party customer support product Inbenta Technologies caused the hack, the firm said on Twitter. "Some personal or payment information may have been accessed by an unknown third party," it added. All affected customers have been contacted.

In the email to those customers, Ticketmaster said it had set up a website to answer any questions and advised them to reset their passwords. It also offered them a free 12-month identity monitoring service. It said the breach was likely to have only affected UK customers who purchased or attempted to purchase tickets between February and 23 June 2018. But, as a precaution, it said it had also informed international customers who had purchased or attempted to purchase tickets between September 2017 and 23 June 2018.

Betting Giant BetVictor Leaked a List of Its Own Internal Systems Passwords

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A popular betting platform left a password list for its internal systems on its website for anyone to find. From a report: BetVictor, a Gibraltar-based betting site, has since removed the two-page document containing a list of links to back office systems, including usernames and passwords. Chris Hogben found the document through the customer support search box on the company's homepage. The customer support pop-up allowed users to search the site's knowledge base of questions and answers. "Logins/Links to Back Offices - Internal," read the document's title, which contained over two-dozen passwords to the company's trading platform, ticketing system, and Experian's identity verification service, Hogben told ZDNet.

Google Doubles Down on Linux and Open Source

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Steven J. Vaughan-Nichols, writing for ZDNet: Google couldn't exist without Linux and open-source software. While you may not think of Google as a Linux company in the same way as you do Canonical, Red Hat, or SUSE, it wouldn't be the search and advertising giant it is today without Linux. So, it makes sense that Google is moving up from its Silver membership in The Linux Foundation, to the Platinum level. With this jump in status, Google gets a seat on the Foundation's board of directors. This position will be filled by Sarah Novotny, the head of open source strategy for Google Cloud Platform. Earlier this week, Chinese tech giant Tencent joined the Linux Foundation as a platinum member.

Microsoft

By darkain • Score: 4, Interesting • Thread

Why do I get the feeling this is less about Google doubling-down on Open Source / Linux, and has more to do with the fact they don't want to be out-done by Microsoft, who is already a Platinum level member. This is just more of a corporate pissing contest.

I'll believe it when...

By sremick • Score: 4, Interesting • Thread

...we finally get a Linux client for Google Drive.

Re:Microsoft

By jellomizer • Score: 5, Insightful • Thread

That and if you have millions/billions of dollars invested in a Linux Infrastructure. Do you really want your competitors make decisions on what direction the product takes?

Apple, Samsung Settle After Fighting Seven Years in Court

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Apple and Samsung reached a settlement in their U.S. patent battle, putting an end to a seven-year fight over smartphone designs. From a report: The string of lawsuits started in 2011 when Apple sued Samsung for allegedly copying the design of the iPhone in the creation of its own line of smartphones. Terms of the accord weren't immediately disclosed. The settlement follows a damages retrial in which Apple won a $539 million jury award in May.

Re:Timing error...

By Freischutz • Score: 5, Insightful • Thread

Apple sued Samsung for allegedly copying the design of the iPhone in the creation of its own line of smartphones

Samsung was making smartphones back in 2001, when Apple was trying to figure out how to copy Creative's MP3 player. Apple may have complained about Samsung copying the iPhone for a later line of smartphones, but Samsung was one of the early pioneers in the smartphone space, well before Apple even thought about getting into the space.

So Samsung has been making mobile phones for a while. What the hell does that have to do with anything? I remember the original Samsung smartphones. They were so similar to the 1-3G iPhones I inadvertently walked off with a Samsung phone a couple of times when I mistook one for my iPhone 3G. Here's a graphic that kind of says it all: http://allthingsd.com/files/20... I saw one of the first Android prototypes too. It was a half screen and half keyboard affair that was clearly meant to be a Blackberry killer. Nobody took Apple seriously as a phone manufacturer, they all figured Apple would bring out some kind of glorified iPod with a keypad. When the iPhone hit the market everybody went back to the drawing board and the next thing you know they're all, by some cosmic coincidence, selling phones that look like more or less exactly like the iPhone. But of course none of them copied what Apple was doing ... perish the thought.

This is very bad news ...

By Alain Williams • Score: 5, Funny • Thread

for all the lawyers involved.

Laptop Vendors Are Left Sitting On the Sidelines Waiting For the Next Waltz To Start

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An anonymous reader shares a report: Intel's delayed release of a new processor is going to have a noticeable effect on the laptop market this year. As there is little chance of seeing anything new until towards the end of this year, laptop designers will not be able to offer new models for the holidays and will instead have to rework existing products. DigiTimes suggests we will see trimmed down models with lower price tags to try to entice consumers into purchasing something, as they expect lower demand than we saw last year. Hopefully some gaming machines may become more affordable, or we will start to see models incorporating AMD's new chips become more common.

Laptop vendors are can do more than new CPUs...

By ctilsie242 • Score: 4, Interesting • Thread

Laptop vendors can do more than new CPUs to bring some usefulness and features. Being able to have an OS in ROM would be handy, if only to have a way to restore an OS without having to worry about recovery media. If a Tandy MS-DOS clone back in the 1980s can do this, so can a PC vendor. Other things come to mind as well, be it the ability to charge (albeit slowly) on USB-C for beefier laptops, allowing for multiple USB chargers to charge a battery at the same time, built in vitualization and encryption so one can have their gaming stuff, their work stuff, personal stuff, and stuff nobody should see, all on one laptop, perhaps using something like PhonebookFS to further hide the presence of other VMs.

Another idea would be to have better support for external GPU breakout boxes. That way, one can go from running command line stuff to Crysis fairly easily, as well as providing fast access to additional storage.

CPUs are nice, but there are still many things that can be done to differentiate one's product from everyone else.

NASA Again Delays Launch of Troubled Webb Telescope

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In a blow to NASA's prestige and its budget, America's next great space telescope has been postponed again. From a report: NASA announced on Wednesday that the James Webb Space Telescope, once scheduled to be launched into orbit around the sun this fall, will take three more years and another billion dollars to complete. A report delivered to NASA by an independent review board estimated that the cost of the troubled Webb telescope would now be $9.66 billion, and that it would not be ready to launch until March 30, 2021.

Again?

By 110010001000 • Score: 3 • Thread
Why don't they take my recommendation and build a space factory and use that to build the telescope? They could mine asteroids to get the raw material. That would save us from having to build it on Earth and deliver it to space. It would already be there! We could then reassign those factories to build other useful things.

Another year

By Tailhook • Score: 4, Insightful • Thread

It was only four months ago that they kicked JWST out to 2020. SLS got delayed to 2019 and is now being audited by the OIG; expect that report to be another shit show, followed by another delay to 2020.

Re:Time for a special project

By arth1 • Score: 5, Insightful • Thread

Perhaps the project just should be canned.
If not falling for the sunk cost fallacy, but completely disregarding how much we have already spent, will the now needed money (and realistically, multiply it by 3) buy us something that gives us more than if the money is spent on something else?
If the latter, axe the project.

And given how old and outdated this project already is, my inclination is to spend that money on new technology for new problems, not what was designed 15-11 years ago, and will still cost us more now than what was budgeted back then.

Re:Remove all the private contractors

By Eravnrekaree • Score: 4, Interesting • Thread

Part of the problem with NASAs cost is congressional mandates as pork barell to districts with the plants. Shelby comes to mind. If NASA were more independent of congress perhaps their engineers could exert more discipline on their suppliers and select based on best value?

Yawn

By Green Mountain Bot • Score: 5, Insightful • Thread
I'm old enough to remember when the Hubble Space Telescope was an expensive boondoggle that would never produce valuable science. How did that turn out?

Google Home Speakers and Chromecast Are Down Worldwide, Company Confirms

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"Sorry, something went wrong. Try again in a few seconds." That's the response that Google smart speaker users around the world heard Wednesday when they asked their devices to play music, get the weather or even respond to its "Hey, Google" prompt. From a report: Google confirmed there's a problem with both their smart speakers and the Chromecast, the plug-in video casting dongle for televisions. While the company did not say how many people are affected or what caused the issue, it did confirm it's working on a fix. "We're aware of an issue affecting some Google Home and Chromecast users. We're investigating the issue and working on a solution," Google said in a statement. Google Home and Chromecast owners started reporting issues to Google early Wednesday morning, according to online help forums for both devices. Devices affected by the problem have lost their normal functions.

Confirmed; Happened to me this morning

By The-Ixian • Score: 3 • Thread

My Google Home is used, among other things, as my alarm clock.

This morning, the alarm went off as normal, but after about the third tone it said "Sorry, something went wrong..."

Every attempt to activate it after that produced the same thing.

I even reset it. It would then respond, but when I asked it to play the news or music it went back to the "something went wrong" BS.

Figured I would troubleshoot when I got home today. Interesting to know that I am not the only one.

Washington Post

By cliffjumper222 • Score: 3 • Thread

Of course, the WaPo would report this!

It was to be expected but...

By Teun • Score: 4, Insightful • Thread
That the home speakers need net access to slurp your data was to be expected.
But as someone that contemplated (past tense) getting a Chromecast I am still surprised the damn thing can't stream from laptop or phone to the TV without accessing Google.

Why Chromecast?

By klingens • Score: 4, Insightful • Thread

I understand that internet-of-shit things like Google Home cannot work when the server end which does the actual speech rec is down. That's why no one sane buys such crap after Nest. And whoever still buys it deserves anything he gets.

However, Chromecast ist a doodad for my TV so my Android Smartphone or Chrome browser can push whatever is on their screen to my big TV, right? This is a cheapo 5cent ARM CPU with 500MB of RAM and a wireless adapter. Basically a small step up from a ESP8266. Why would this need an Internet connection to a mothership? No speech rec or similar. What for? It's by definition in my LAN/WLAN only. Can someone explain this to someone else who owns neither a chromecast nor a spying microphone?

Google-over-Slack

By Chelloveck • Score: 3 • Thread

Wait a minute... Slack was offline this morning too. Does this mean Google Home is using Slack as its transport layer?

Frankly, I'm not sure if I'm joking here.

The Billionaire Space Race Is Making Life Difficult for Airlines

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On Feb. 6, Elon Musk's SpaceX launched its largest rocket into the blue Florida sky. Onboard was "Starman," a dummy strapped into the billionaire's cherry red Tesla roadster. Minutes later, fans cheered as Musk topped himself by nailing a simultaneous landing of the Falcon Heavy's boosters. It was arguably a turning point for the commercial space age. Airlines were somewhat less thrilled. From a report: On that day, 563 flights were delayed and 62 extra miles added to flights in the southeast region of the U.S., according to Federal Aviation Administration data released Tuesday by the Air Line Pilots Association, or ALPA.

America's airspace is a finite resource, and the growth of commercial launches has U.S. airlines worried. Whenever Musk or one of his rivals sends up a spacecraft, the carriers which operate closer to the ground must avoid large swaths of territory and incur sizable expenses. Most of the commercial activity to date has been focused on Cape Canaveral, the Air Force post on Florida's Atlantic coast, where Musk's Space Exploration Technologies and Jeff Bezos's Blue Origin base their stellar operations. It is one of 22 active U.S. launch sites, and a number of other locales -- including Brownsville, Texas; Watkins, Colorado; and Camden County, Georgia -- are pursuing new spaceport ventures to capitalize on commercial space activity.

Space launches for satellites to route planes

By swb • Score: 3 • Thread

We just had a story where airlines could save "big. big, money, huge money" using satellite comms to reroute planes. How the fuck are they supposed to get the satellites up there if they can't launch them on rockets?

Once that sat net is up, airlines will just route around the rocket plume like a road closure.

Re:Technology advances and the world changes

By KiloByte • Score: 4, Insightful • Thread

Except... airlines are useful. Private expeditions to Mars are not.

Your leisure or business flight does nothing to advance humanity. Space research, on the other hand...

Re:Technology advances and the world changes

By Strider- • Score: 4, Informative • Thread

Many rocket launches have strict launch requirements. To efficiently reach the ISS, the launch window for the rocket is instantaneous. If it launches late, it's going to wind up in the wrong orbit, and take much longer to reach the ISS. It's a similar story for many other launches, such as those that are launching into sun synchronous orbits.

Re:Technology advances and the world changes

By nukenerd • Score: 4, Informative • Thread

Rockets do not take long to pass through controlled airspace and they pass through it vertically so they should not need a huge area around them to be closed for extended periods of time

I suppose they are allowing for the possibility or likelihood of the rocket blowing up, Challenger style, and sending a spinning Tesla a long way in a random direction.

Let's blame "billionaires" - like Bloomberg

By mi • Score: 3 • Thread

Whenever Musk or one of his rivals sends up a spacecraft

Damn those evil soulless billionaires! If only it were NASA doing the launches, things would've been completely different...

the carriers which operate closer to the ground must avoid large swaths of territory and incur sizable expenses

Those are FAA requirements, from the same people, who only a few years ago claimed (and compelled the airlines to claim), your cellphone could bring down your airliner...

Satellites Could Show Airplanes Faster Long-Haul Routes in Mid-Air

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The promise of powerful satellite constellations orbiting hundreds of miles above the earth can seem, well, a little distant. But what if they could make long-haul flights faster? From a report: Operators like Iridium and Inmarsat are promising that jet liners linked to space communications networks can save fliers money, time and carbon impact, as more efficient flights cut fuel use. Today, an airliner flying five miles over the open ocean, beyond the reach of the radar systems used by civil air controllers, is dependent on flight plans written well before take-off, and what pilots could report over the radio to scattered air traffic controllers. Weather bulletins still arrive in the cockpit as brief text messages. But a true global communications network -- one orbit around the earth -- could give pilots the flexibility to react to changing situations in real time, the same way Google Maps now allows drivers to re-route around traffic jams as they drive.

another great feature

By iggymanz • Score: 3 • Thread

right now we can lose aircraft over sea and not even know which direction they went.

at least this way we'll be able to pick up body parts

Re:It's not like they don't plan now, do they?

By tlhIngan • Score: 5, Informative • Thread

Is the idea that flight routes aren't already optimally planned? That existing weather systems that might impact a specific flight aren't built into the flight plan, with fine adjustments made by pilots to alter course based on actual flight path conditions?

The summary makes it sound like planes aren't already flying the shortest possible path already. I mean, airspace over the open ocean is pretty goddamn empty, it's not like they're trying to avoid a jam-up on the 405.

Flights over the Atlantic are coordinated between Canada and the UK. There is a set of 10 "routes" each way and the air traffic agency responsible (Canada for east to west, UK for west to east) sets up the routes (which vary daily) and the scheduling of aircraft on the routes.

This is done so while aircraft are over the middle of the Atlantic where there is no radar coverage, they won't encounter traffic - either because they're running into slower traffic ahead, traffic going the other way, or traffic beside them.

It's not the most efficient, but it's the safest route - and very little deviation is allowed.

And yes, there are traffic jams, which is why there are 10 different "lanes" going both ways.

The thing is, ADS-B (yes, ADS-B) is being implemented worldwide. Unlike the US system though, most countries are going with a space-based satellite system, so your ADS-B transponder will talk to the satellites. (The US went with ground based systems because there is so much airplane traffic that it would overload the satellites). With this it means the location of all aircraft will be known, so it will be possible to control aircraft beyond radar coverage (just because they are beyond radar coverage doesn't mean they are beyond radio range - satellite messaging and HF radio allow all aircraft to still be in communication).

Space is Full of Dirty, Toxic Grease, Scientists Reveal

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An anonymous reader shares a report: It looks cold, dark and empty, but astronomers have revealed that interstellar space is permeated with a fine mist of grease-like molecules. The study provides the most precise estimate yet of the amount of "space grease" in the Milky Way, by recreating the carbon-based compounds in the laboratory. The Australian-Turkish team discovered more than expected: 10 billion trillion trillion tonnes of gloop, or enough for 40 trillion trillion trillion packs of butter. Prof Tim Schmidt, a chemist at the University of New South Wales, Sydney and co-author of the study, said that the windscreen of a future spaceship travelling through interstellar space might be expected to get a sticky coating. "Amongst other stuff it'll run into is interstellar dust, which is partly grease, partly soot and partly silicates like sand," he said, adding that the grease is swept away within our own solar system by the solar wind. The findings bring scientists closer to figuring out the total amount of carbon in interstellar space, which fuels the formation of stars, planets and is essential for life.

Packs of Butter?

By burhop • Score: 5, Funny • Thread

Could someone convert that to american football fields for me? I can't do metric.

Of Course It Is

By forkfail • Score: 5, Funny • Thread

Of course space is full of grease.

Just think of what would happen if the galaxy were not properly greased. It would be like trying to drive a truck with no axle grease for the axles. Things would quickly come to a grinding halt from all the friction of the rotation of the galaxy.

And what's worse, it's not under warranty!

Helpful

By drew_kime • Score: 5, Funny • Thread

10 billion trillion trillion tonnes of gloop, or enough for 40 trillion trillion trillion packs of butter.

I'm glad they converted it into something easier to get my head around.

Move over truffle oil...

By Muckluck • Score: 3 • Thread
I want my fries coated in a light mist of space grease. MMMMMM, space fats.......

Re:Dark Matter

By Joce640k • Score: 4, Informative • Thread

Grammar Nazis, keeping us on the straightened arrow.

Finally, It's the Year of the Linux... Supercomputer

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Beeftopia writes: From ZDNet: "The latest TOP500 Supercomputer list is out. What's not surprising is that Linux runs on every last one of the world's fastest supercomputers. Linux has dominated supercomputing for years. But, Linux only took over supercomputing lock, stock, and barrel in November 2017. That was the first time all of the TOP500 machines were running Linux. Before that IBM AIX, a Unix variant, was hanging on for dear life low on the list."

An interesting architectural note: "GPUs, not CPUs, now power most of supercomputers' speed."

Re:Linus

By Wookie Monster • Score: 5, Insightful • Thread
The Github that sold for $7.5B wasn't the same Github that was created in three months. Hundreds of people, working for ten years made Github worth $7.5B. That initial version wasn't worth any more than the time spent developing it.

Good for Linux!

By QuietLagoon • Score: 5, Informative • Thread
And congrats to all that support and develop for it, especially one Mr Linus Benedict Torvalds.

Curmudgeon factor

By erp_consultant • Score: 4, Insightful • Thread

Let's face it, as bright and influential as Torvalds has been, and continues to be, most people would not rate him highly on the warm and fuzzy scale. He is not a man that seeks approval. He is not a man that wants to be in the spotlight.

In some ways I think he is like Steve Wozniak. Just a shy, quiet but brilliant engineer that would rather just be left alone than doing the cocktail party circuit.

History tends to reward the Musks and Jobs of this world who are very smart in their own right but also very adept at self promotion.

I tend to have more respect for Linus and Woz. They are the men behind the curtain doing all the heavy lifting.

Re:Curmudgeon factor

By Areyoukiddingme • Score: 5, Insightful • Thread

History tends to reward the Musks and Jobs of this world who are very smart in their own right but also very adept at self promotion.

Very adept at self promotion? Have you seen Elon Musk speak? He's a nerd. The quintessential nerd, with a head full of facts and figures and very poor command of his tongue. People lionize him and promote him, then blame him for self promoting, when in fact he's absolutely terrible at actually promoting himself. He talks about ideas and business activities and people call that self promotion. There's very little mention of himself, except when the interviewer inevitably asks, "Why are you doing this?" Then he answers with his, "I think humanity should be a multiplanetary species." That's about the only time he says "I think". The rest of the time, he's busy telling you what his companies are doing, and people somehow interpret that as self promotion.

As opposed to what a Kardashian is saying, which is somehow.... fine? Humans baffle me.

Kids these days

By Areyoukiddingme • Score: 5, Interesting • Thread

An interesting architectural note: "GPUs, not CPUs, now power most of supercomputers' speed."

Who is this beeftopia guy who is so monumentally ignorant of the history of supercomputing? That's not an "interesting architectural note". That's supercomputing since the very beginning of supercomputing. Supercomputers are supercomputers specifically because they had vector processors, before "GPU" was even a recognizable acronym. When PCs had nothing but framebuffers, supercomputers had vector processors. That was the point of building them. Once the GPU was invented, utilizing them to build a supercomputer was an inevitability.

And get off my lawn!

Japan's Hayabusa 2 Spacecraft Reaches Cosmic 'Diamond'

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A Japanese spacecraft has arrived at its target - an asteroid shaped like a diamond or, according to some, a spinning top. From a report: Hayabusa 2 has been travelling toward the space rock Ryugu since launching from the Tanegashima spaceport in 2014. It is on a quest to study the object close-up and deliver rocks and soil from Ryugu to Earth. It will use explosives to propel a projectile into Ryugu, digging out a fresh sample from beneath the surface. Dr Makoto Yoshikawa, Hayabusa 2's mission manager, talked about the plan now that the spacecraft had arrived at its destination. "At first, we will study very carefully the surface features. Then we will select where to touch down. Touchdown means we get the surface material," he told me. A copper projectile, or "impactor" will separate from the spacecraft, floating down to the surface of the asteroid. Once Hayabusa 2 is safely out of the way, an explosive charge will detonate, driving the projectile into the surface.

Ryu Hayabusa?

By xxxJonBoyxxx • Score: 3 • Thread
>> Hayabusa 2 has been travelling toward the space rock Ryugu

Did someone intentionally sprinkle the name "Ryu Hayabusa" into mission? I have a bad feeling about this...

Ryu-cy in the Sky, with diamonds

By Oswald McWeany • Score: 3 • Thread

The Beatles must be very happy. It's "Ryu-cy in the sky, with diamonds."

Google Opens Its Human-Sounding Duplex AI To Public Testing

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Google is moving ahead with Duplex, the stunningly human-sounding artificial intelligence software behind its new automated system that places phone calls on your behalf with a natural-sounding voice instead of a robotic one. From a report: The search giant said Wednesday it's beginning public testing of the software, which debuted in May and which is designed to make calls to businesses and book appointments. Duplex instantly raised questions over the ethics and privacy implications of using an AI assistant to hold lifelike conversations for you. Google says its plan is to start its public trial with a small group of "trusted testers" and businesses that have opted into receiving calls from Duplex. Over the "coming weeks," the software will only call businesses to confirm business and holiday hours, such as open and close times for the Fourth of July. People will be able to start booking reservations at restaurants and hair salons starting "later this summer."

Excellent AI

By Anonymous Coward • Score: 3, Funny • Thread

Duplex instantly raised questions over the ethics and privacy implications of using an AI assistant to hold lifelike conversations for you

That's some amazing AI if it's raising questions about its own use

Phonesex Chatbot When?

By Merk42 • Score: 4, Funny • Thread
Just change the goals of the Duplex bot and watch the technology really take off.

If I learned one thing from the age of modems...

By SuperKendall • Score: 4, Funny • Thread

Never go Full Duplex.

Lying headline

By Actually, I do RTFA • Score: 3 • Thread

It's not a "public" test in any sense of the word. It's a test between whitelisted earlier adopters on both sides of the call.

By that definition, I suppose my bank account routing numbers are "public" because several select institutions know them and communicate them to each other on my behalf.

Instagram Is Estimated To Be Worth More Than $100 Billion

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An anonymous reader quotes a report from Bloomberg: Facebook's Instagram is estimated to be worth more than $100 billion, if it were a stand-alone company, marking a 100-fold return for the app purchased in 2012, according to data compiled by Bloomberg Intelligence. The photo-sharing platform, which reached 1 billion monthly active users earlier this month, will likely help nudge Instagram revenue past $10 billion over the next 12 months, Bloomberg Intelligence analyst Jitendra Waral wrote in a report Monday. Instagram is attracting new users faster than Facebook's main site and is on track to exceed 2 billion users within the next five years, Waral said. While the social network already has surpassed that milestone, Instagram's audience is younger than its parent, making it more attractive to advertisers. And unlike Facebook, Instagram is still growing in the U.S.

Sigh.

By ledow • Score: 3 • Thread

"will likely help nudge Instagram revenue past $10 billion over the next 12 months... and is on track to exceed 2 billion users within the next five years"

So you're telling me that you make $5 a user a year? How? Where? Doing what? Who's paying that? Why are they paying that? What are they getting back for that $5?

Advertisers really are a special kind of insane.

Estimated by who?

By aglider • Score: 3 • Thread

Estimated accordingly to which values?

How is this possible?

By Vegan Cyclist • Score: 3 • Thread

I haven't used the iOS app in some time, but the Android app is a total and utter piece of crap. The people responsible for programming it are about as credible as this estimated valuation.

Yesterday I tried creating a post, and the text wouldn't populate. The image would appear, but no text. Couldn't reply to people either. Yes, it was the latest version. Is this how a $100 billion app is supposed to function?

It's plagued with problems like this, plus so much more is wrong with it - from unreliable and seemingly random notifications to the non-chronological timeline, to inane interaction 'rules' (like how for the longest time to reply to someone you pretty much had to type out their handle - this is finally better at least). The people programming and designing this are being rewarded for just about the worst-functioning app out there. What a world.

Re:Bubblegram reaches 100 billion chucky tokens

By ceoyoyo • Score: 4, Informative • Thread

You might be a bit optimistic on Instagram profit. I couldn't find any actual numbers but social media companies don't seem to have quite the profit margins you'd think they should. They love to talk about revenue though.

The bigger problem: P/E of 30 isn't so bad for a rapidly growing company with lots of potential. But what about a company who's users already comprise a large fraction of the population of the planet? How much can Instagram actually grow? And if it does manage to double it's profits, is 15-20 years for breakeven (of a social media company) reasonable?

Re:A better way to look at valuation

By eepok • Score: 5, Insightful • Thread

Instagram is how young people communicate, Facebook is how us older people communicate. Killing Instagram today, could mean today's kids when they get into the market and want to communicate with business contacts will probably be split up across many competing services.

Let's not over-inflate Instagram or Facebook as general "communication". It's how people chat about less-important things. Yes, some conversations have significant value, but neither platform is built to facilitate thoughtful conversation and thus it doesn't happen to the extent people like to think it does.

If Facebook and Instagram were to die, people would find another place to chat. Communication would continue on, unabated, via email, phone, forums, in-person conversation, and the like.