Techlife News #499

Read the most relevant news of the week about the world of technology and its influence on our lives. New products, Apps, acquisitions in the industry, highlights about the digital world and everything about your favorite iGadgets and upgrades. Everything you need to keep well informed. A new concept of light, intelligent, innovative reading at your fingertips. A global view of Tech LifeStyle and its influence on our lives.

United States
Ivan Castilho de Almeida
$3.99(Incl. tax)
$53.31(Incl. tax)
52 Issues

in this issue

4 min
cool tech, crazy turns: a reporter’s take on driverless cars

The annoyed shopper paced around and knocked on the windows of a minivan blocking him from leaving his Costco parking spot. He didn’t seem to notice, or care, that there was no one inside. A colleague and I had called for the Waymo ride — our first in a fully driverless vehicle — and quickly encountered a hiccup: figuring out how to tell it to meet us at the curb. We ended up spotting the minivan across the bustling parking lot, and hurried over. As we pulled away, the shopper raised his arm and extended his middle finger. Welcome to the United States’ first large-scale ride-hailing service with no backup drivers, which Waymo recently launched in suburban Phoenix. An AP photographer and I took it for a spin and discovered some impressive technology. Waymo’s…

6 min
why has the price of bitcoin been falling?

Even by Bitcoin’s standards, Wednesday was pretty wild. The price of the famously volatile digital currency fell nearly 30% at one point after the China Banking Association warned member banks of the risks associated with digital currencies. The decline narrowed to below 10% in the afternoon, but Bitcoin had still lost about $70 billion in market value in 24 hours. Bitcoin has lost about 38% of its value since April 13 when it hit a high of more than $64,800, according to Coindesk. The China warning was just the latest headwind: Before Wednesday, Tesla’s decision to not accept the digital currency as payment for cars — after it said it would — and murmurings in Washington about tighter regulation of digital currencies had put pressure on Bitcoin. The price is still up…

2 min
colonial pipeline confirms it paid $4.4m to hackers

The operator of the nation’s largest fuel pipeline confirmed it paid $4.4 million to a gang of hackers who broke into its computer systems. Colonial Pipeline said Wednesday that after it learned of the May 7 ransomware attack, the company took its pipeline system offline and needed to do everything in its power to restart it quickly and safely, and made the decision then to pay the ransom. “This decision was not made lightly,” but it was one that had to be made, a company spokesman said. “Tens of millions of Americans rely on Colonial – hospitals, emergency medical services, law enforcement agencies, fire departments, airports, truck drivers and the traveling public.” Colonial Pipeline’s CEO, Joseph Blount, told The Wall Street Journal he authorized the payment because the company didn’t know the extent…

3 min
daimler truck to shift spending to battery, hydrogen rigs

Daimler’s truck and bus division says it plans to shift most of its vehicle development resources to zero-emission vehicles by 2025 and predicts that battery and hydrogen-powered trucks could be competitive with diesels on cost later this decade. Daimler Truck CEO Martin Daum on Thursday underlined the company’s big plans for hydrogen — even though the technology is not as close to practical use as batteries. The world’s largest truck and bus maker, with brands including Freightliner and Mercedes-Benz, outlined its strategy for a wide-ranging transition away from internal combustion vehicles after it is spun off as an independent company later this year from Daimler AG. Chief Technology Officer Andreas Gorbach, said the company would spend the “vast majority” of vehicle development money on battery and hydrogen vehicles by 2025. He predicted that…

1 min
founder of tiktok’s chinese owner stepping down as ceo

The founder of TikTok’s Chinese owner said Thursday he will give up his job as CEO to focus on longer-term initiatives, a step that comes amid uncertainty over whether the Biden administration will force the sale of the popular short video service’s U.S. arm. Zhang Yiming said Liang Rubo, a co-founder, will succeed him as ByteDance Ltd. CEO. Zhang said leaving day-to-day management will “enable me to have greater impact on longer-term initiatives,” but gave no details of his next role. ByteDance is waiting to find out whether the Biden administration will revive former President Donald Trump’s efforts to force the sale of TikTok’s U.S. arm. Trump said the service was a security threat because it gathered too much personal information about millions of American users. Regulators also are stepping up anti-monopoly enforcement…

4 min
us to ramp up tracking of domestic extremism on social media

The Department of Homeland Security plans to ramp up social media tracking as part of an enhanced focus on domestic violent extremism. While the move is a response to weaknesses exposed by the deadly U.S. Capitol insurrection, it’s raising concerns about undermining Americans’ civil liberties. President Joe Biden’s top appointees have called white supremacists the greatest security threat to the country and are pushing for bolstered intelligence gathering. Closely watching are advocates for communities of color and groups that have previously been the focus of intensified surveillance, sometimes unlawfully. DHS in recent weeks has announced a new office in its intelligence branch focusing on domestic extremism and a new center to facilitate “local prevention frameworks” that, according to a statement, can better identify people “who may be radicalizing, or have radicalized, to…