Tag Archive : Claims

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Shares of Loop Industries  (LOOP) – Get Report lost a third of their market value on Tuesday after the activist investment group Hindenburg published a report lambasting the plastics-recycling company and said it took a short position.

The investment firm said it interviewed former employees, competitors, industry experts and company partners as part of its investigation and concluded that Loop is “smoke and mirrors with no viable technology.”

Loop, Terrebonne, Quebec, didn’t immediately return a request for comment. 

Former employees told Hindenburg that Loop operated two labs, one reserved for its “two twenty-something lead scientist brothers and their father” and one run by rank-and-file scientists who were unable to replicate results. 

The investment firm said that a Loop employee told Hindenburg that scientists were pressured by Chief Executive Daniel Solomita to “lie about the results of the company’s process internally. We have obtained internal documents and photographs to

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An information paper by the Productivity Commission has highlighted how there is scope for Australia to adopt regulatory technology (regtech) beyond the financial sector, with the belief it can improve regulatory outcomes and reduce the costs of administration and compliance.

In its regulatory technology information paper [PDF], the Productivity Commission noted how Australia is “well-placed” to develop regtech solutions given its “relatively stable and sophisticated” regulatory systems, but currently, extensive use of regtech remains relatively low.

“Low awareness can dampen both demand and supply responses — business need to see value in changing their software so that developers see value in investing in applications, which in turn deliver the value businesses need to see,” the paper stated.

It went on to suggest that Australia could extend its existing use of “low-tech” solutions, including digitised data, forms, registers, and transactions to streamline business and individual transactions with government, as well as

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It’s Not Good News, Insider Claims

October 10, 2020 | technology | No Comments

Apple AirTags, the highly anticipated location trackers that have been on the horizon for ages, it seems, are not about to be announced alongside the iPhone 12 at Apple’s big event next week.

MORE FROM FORBESAlongside iPhone 12, Apple Event Will Reveal HomePod Mini, Report Claims

That’s according to the highly reliable tipster Jon Prosser, who has tweeted: “This one hurts my heart: I’m being told that Apple has pushed back the announcement and launch of AirTags to March of 2021.”

Well, that’s a shame. AirTags not only sound fantastic but images of them exactly match the central image on next week’s Apple Event invitation, that is, the Apple logo on a circular device.

Assuming that visual similarity isn’t a coincidence – and this is Apple, so there ain’t no such thing as an accident here – it suggests that until very recently, that is,

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Facebook labels posts that its fact checkers have found false, as in the screenshot on the left. On the right, a similar post had no label applied.

Screeenshot via Avaaz


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Screeenshot via Avaaz

Facebook labels posts that its fact checkers have found false, as in the screenshot on the left. On the right, a similar post had no label applied.

Screeenshot via Avaaz

Something as simple as changing the font of a message or cropping an image can be all it takes to bypass Facebook’s defenses against hoaxes and lies.

A new analysis by the international advocacy group Avaaz shines light on why, despite the tech giant’s efforts to stamp out misinformation about the coronavirus pandemic and the U.S. election, it’s so hard to stop bad actors from spreading these falsehoods.

“We found them getting around Facebook’s policies by just tweaking the misinformation a little bit,

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A new leak claims that Apple’s new “HomePod mini” will be half the height of the original, and details a release schedule for the whole of the “iPhone 12” range.

A leak originally posted on Chinese site Weibo but then relayed by previously accurate tweeter Ice Universe, claims to have full details of the rumored smaller HomePod, plus confirmation of the “iPhone 12” range Apple is expected to announce on October 13.

A translation of the original Weibo posting says, “HomePod Mini, priced at $99, 3.3-inch speaker, S5 processor.

Most places are scheduled for November 6/7, and will be released on 16/17. Please wait for the domestic release.”

The reference to a domestic release implies that these dates are for America, not China where the leak was posted.

At 3.3-inches, the HomePod mini would be just under half the height of the original HomePod. And at $99, it would

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Last May, I had a discussion with Peter Chapman, CEO of IonQ, a start-up quantum computing company.  Before coming to IonQ, Chapman worked for Amazon, where he was responsible for all the technical complexities of Amazon Prime.  IonQ had accomplished a lot in the twelve months that Chapman had been at the helm, so I was looking forward to talking to him. 

My biggest surprise during that discussion was that IonQ was simultaneously working on its next three generations of its trapped-ion quantum computers – 5th, 6th, and 7th generations. 

In a recent follow-up with Chapman, including Chris Monroe, IonQ’s Co-founder and Chief Scientist, we discussed IonQ’s release of its 5th generation quantum hardware.  Keep in mind that the 6th and 7th generations are still in development. Chapman said that each generation would be smaller and more powerful than its predecessor when released.  Although he

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Trapped-ion quantum computing startup IonQ today announced the launch of its latest quantum computer, which features what IonQ calls “32 perfect qubits with low gate errors.”

Using IBM’s preferred quantum benchmark, IonQ expects to hit a quantum volume of 4,000,000. That’s a massive increase over the double-digit quantum volume numbers that IBM itself recently announced and it’s a pretty extraordinary claim on IonQ’s side, as this would make its system the most powerful quantum computer yet.

The (well-funded) company has never used this metric before. Through a spokesperson, IonQ also noted that it doesn’t necessarily think quantum volume is the best metric, but since the rest of the industry is using it, it decided to release this number. The company argues that its ability to achieve 99.9% fidelity between qubits has allowed it to achieve this breakthrough.

“In a single generation of hardware, we went from 11 to 32 qubits,

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What seemed like a simple matter of crossing “t”s and dotting “i”s has turned into a protracted challenge for General Motors and Nikola, after negotiations to pair up and produce new zero-emissions trucks have been extended.

The $2 billion deal, announced on Sept. 9, was billed as a “partnership made in heaven,” according to Nikola founder and then-chairman Trevor Milton, during a media call with GM CEO Mary Barra. But the Phoenix-based startup has since been hammered by claims of fraud, with a Securities and Exchange Commission probe now underway. Allegations surfaced this week of sexual assault by Milton, who stepped down as chairman last week. Nikola’s stock has plunged to barely a quarter of what it was worth when the company went public last June.

Talks expected to wrap up today could now run through Dec. 3, at which time the proposed deal “may be terminated by either (Nikola)

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The Justice Department filed a response to TikTok’s request for an injunction to delay President Donald Trump’s partial ban on the app that is scheduled for September 27, to be followed by a total ban on November 12. 

According to the DOJ’s claims filed Friday night, the Justice Department lawyers accused TikTok parent company Byte Dance’s CEO Zhang Yiming of acting as a “mouthpiece” for the Chinese Communist Party and publicly making statements that demonstrate he is  “committed to promoting the CCP’s agenda and messaging,” The Verge and NPR reported. 

The DOJ claimed that “US user data being stored outside of the United States presents significant risks in this case,” but the section relevant to how this is the case is redacted, according to The Verge and NPR.

ByteDance’s head of security previously stated that it’s impossible for the Chinese government to access user data from TikTok because the app’s

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PITTSBURGH (KDKA) — Pennsylvania’s “woefully outdated” computer system used to handle unemployment claims will not get previously promised upgrades.

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For the past few months, The Department of Labor and Industry’s Secretary Jerry Oleksiak has said the new system would go live in October.

With just a few days to go, the state announced it will now pause the launch of the new system.

This comes at the recommendation of state legislators, stakeholders and the U.S. Department of Labor, according to the Department of L&I.

The release states: “Pennsylvania will avoid potentially disrupting people relying on unemployment compensation by pausing the launch of the new system that will change how to file for claim and benefits.”

The state is still using 50-year-old technology to process claims.

KDKA’s Meghan Schiller interviewed Auditor General Eugene DePasquale in August, who described the system as “woefully outdated” ad “held together with bubble gum

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