Tag Archives: request

Microsoft To Ship HoloLens Computer Glasses To Developers March 30

Microsoft ( MSFT ) announced Monday that it will begin shipping its HoloLens computer glasses to developers in the U.S. and Canada on March 30. It started taking pre-orders for the augmented reality goggles on Monday. The Development Edition of HoloLens costs $3,000 and is targeted to software developers and enterprises. Microsoft is taking a gradual approach to commercializing HoloLens. It wants to expand the software ecosystem and drive hardware costs lower before it expands availability for the product. Microsoft CEO Satya Nadella told the BBC last July that it could be a “five-year journey” to roll out the devices to consumers. The HoloLens developer kit comes with a handful of initial apps, including a Skype app, a 3D modeling app called HoloStudio, and HoloTour, an app that provides 3D virtual trips to global landmarks. It also has included three mixed reality games in the kits. “Today represents a monumental step forward,” Alex Kipman, a technical fellow in Microsoft’s operating system group, said in a blog post . “This is the first step in our journey to consumers. A step focused on our commercial partnerships and on supporting developers, who will help pave the way to consumer availability with amazing and new holographic experiences.” HoloLens glasses overlay digital images in a user’s field of vision, creating new ways to interact with data. Users can control what they see with verbal commands and gestures. Some experts predict that holographic computing will be the next step in personal computers. HoloLens is a fully untethered, self-contained, Windows 10 device. It does not have to link to a separate PC or mobile phone to work. The headset features a custom-built Holographic Processing Unit and an Intel ( INTC ) 32-bit architecture. It sports 2 gigabytes of RAM, 64GB of flash storage, and Bluetooth and Wi-Fi connectivity. HoloLens contains a host of sensors, include an inertial measurement unit, an ambient light sensor, four microphones and four environment understanding cameras. It also has a 2-megapixel camera for taking photos and videos. HoloLens has see-through holographic lenses that use an advanced optical projection system to generate multidimensional, full-color holograms with low latency. The developer kit includes a new Clicker accessory for controlling HoloLens without gestures or voice commands. Battery life for active use is two to three hours. Alphabet ( GOOGL ) is developing its own augmented reality glasses in Google Glass.  

European Pact Legalizes Facebook, Google, Amazon Data Transfers

Privacy advocates railed Monday after the European Union unveiled a 128-page framework for trans-Atlantic data transfers that, the advocates said, amounts to little more than “10 layers of lipstick on a pig.” The document outlines the specifics of the EU-U.S. Privacy Shield, which replaces the 15-year-old Safe Harbor agreement struck down in October in a case that pitted Austrian grad student Max Schrems against Facebook ( FB ). Schrems alleged Facebook misused Europeans’ data in cooperation with a National Security Agency program. Facebook has denied the allegation. U.S. spying tactics fell under scrutiny in 2013 after former NSA contractor Edward Snowden released thousands of classified documents allegedly detailing mass surveillance by the government. Amazon, Alphabet Continue Transfers The Privacy Shield, approved verbally in early February, requires the U.S. to abide by notoriously strict European privacy laws while handling data belonging to any of the region’s 500 million citizens. On Monday, the EU released the actual documents that lift tech giants Amazon ( AMZN ), Google parent  Alphabet ( GOOGL ) and Facebook from the legal limbo of transporting data across the Atlantic, prompting the European outcry. Under the new framework, the U.S. intelligence community won’t be making any compromises: The U.S. can continue “bulk” intelligence collection for six specific purposes  — namely, detecting and countering certain activities of foreign powers, counter-terrorism, counter-proliferation, cybersecurity, detecting and countering threats to the U.S. and allied armed forces, and combating transnational criminal threats. The framework also creates a new ombudsman under the U.S. State Department to deal with complaints by European citizens of how the U.S. handles their data. Reuters reported Catherine Novelli, undersecretary of State for economic growth, energy and the environment, has been tapped for the position. U.S. companies must reply to complaints within 45 days, and alternative dispute resolution will be offered free of charge. The U.S. Department of Commerce and the Federal Trade Commission will police the process. Firms must self-certify under the requirements and alter their privacy policies to reflect as much. The European Commission and Department of Commerce will jointly review the framework on an annual basis. Privacy Advocates Oppose Guidelines EU Commissioner Vera Jourova applauded the U.S. in a statement for handing over “binding assurances” that access to European citizens’ data will be “subject to clear limitations, safeguards and oversight mechanisms.” The framework is still pending approval by the Article 29 Working Party, through which the data protection authorities collaborate, and preparations by the U.S. to put the guidelines in place. Schrems, and other privacy advocates, called the framework flimsy. “They tried to put 10 layers of lipstick on a pig, but I doubt the court and the (data protection authorities) now suddenly want to cuddle with it,” he said in a statement Monday. Privacy is considered a basic human right in Europe, where the “right to be forgotten” has been codified. U.S. surveillance, in six circumstances, violates these rights, Schrems argued. Sophia in ’t Veld , vice chairwoman of the group Alliance of Liberals and Democrats for Europe, questioned Novelli’s reported appointment to the ombudsman role, asserting that the ombudsman is meant to be independent of the U.S. government. The “‘ombudsman,’ incidentally, will be (an) official of U.S. government. How does that qualify as ‘independent’ scrutiny?” In ‘t Veld tweeted early Monday. She also doubted whether “written assurances, ombudsman and patchy judicial redress rights” would meet the standards set by Europe’s Court of Justice when it invalidated the Safe Harbor accord in October.

PayPal Venmo Stacks Up Well Vs. Apple Pay, Google’s Android Pay

Based on a survey of 1,000 PayPal ( PYPL ) customers, an analyst says that the company isn’t getting enough credit for the potential impact of its peer-to-peer payments app, Venmo. According to Jefferies analyst Jason Kupferberg, investor concerns over the  Apple ( AAPL ) Pay competitor are exaggerated — PayPal’s mobile sales continue to grow and have, in fact, accelerated since Apple released its payments app, he says in a research note. Venmo is a mobile app that enables friends and family to share expenses such as rent, meals and cab fare. Google, a unit of Alphabet ( GOOGL ), also competes in the payments game with its Android Pay. Though PayPal executives continue to emphasize the firm’s “platform agnostic” approach — it isn’t tied to an operating system or platform — and say that neither Apple nor Google is a real threat, some industry watchers disagree. Alex Rampell, a general partner at noted VC firm Andreesseen Horowitz, likened the prospects of either Apple or Google taking a bigger interest in payments to the Death Star — the planet-destroying battle station in “Star Wars” — approaching for all other rivals. “This isn’t the ‘Empire Strikes Back,’ ” Rampell has told IBD in the past. “This is the Death Star coming.” Kupferberg wrote in a research note Monday that PayPal earnings will accelerate due to transactions conducted with the Venmo app. Venmo is free for now, but PayPal executives say that they plan to monetize the app, which is popular with millennials. They say that PayPal plans to allow selected PayPal merchants to accept payment via the Venmo app — and PayPal would charge its typical transaction fee (2.9%, according to Fortune magazine) in the process. According to Kupferberg, 67% of Venmo users would use the Pay With Venmo feature one or twice a month, with 44% using it three to five times a month, and 19% using it six to 10 times per month. Kupferberg says that Pay With Venmo transactions will yield larger profit margins because Venmo customers typically fund their accounts with debit cards, bank accounts and stored balances — the result of others sending cash. PayPal stock was up more than 2%, near 38, in afternoon trading on the stock market today . The San Jose-based company has an IBD Composite Rating of 91, where 99 is the highest. The stock has had a choppy few months since its spin-off from eBay ( EBAY ) in July. It hit its high of 42.55 during its first trading session on Nasdaq and has plunged to as low as about 30 on several occasions. At least one analyst says that the sell-off has been too hasty . Kupferberg’s price target for PayPal stock is 44. PayPal has recently settled a lawsuit over a perennial issue that the company faces: locked accounts.