An anonymous reader quotes a report from Reuters: Bitcoin rose nearly 7% on Monday as risk assets rallied after last week’s bond rout cooled, with Citi saying the most popular cryptocurrency was at a “tipping point” and could become the preferred currency for international trade. With the recent embrace of the likes of Tesla and Mastercard, bitcoin could be at the…
Tag: Goldman Sachs
JPMorgan, Goldman Order Software ‘Code Freezes’ Around Election
Top banks, including JPMorgan Chase and Goldman Sachs, are battening down their technology hatches for next week’s presidential election. From a report (paywalled): Around next Tuesday, the final day of voting, JPMorgan and Goldman will both halt software updates to the retail and investment banking systems their customers use to manage accounts, The Information has learned. It’s a precaution intended to…
National Mask Mandate Could Save 5 Percent of GDP, Economists Say
An anonymous reader quotes a report from The Washington Post: After a late-spring lull, daily coronavirus cases in the United States have again hit record highs, driven by resurgent outbreaks in states such as Florida, Arizona and California. Hospitals in Houston are already on the brink of being overwhelmed, and public health experts worry the pandemic’s body count will soon again…
What’s new on Coursera for Business – April 2020
By Adam Lewis, Skills Transformation Consultant As we continue to adapt to the new norm, here are 114 new courses and projects to pick out what’s important to you. You can try out Yale’s latest insights on why your Facebook friend is wrong about the stats they’re sharing. Or find your purpose with Michigan’s course […]
The post What’s new on Coursera…
How Blue Apron Became a Massive $2 Billion Disaster
An anonymous reader quotes a report from Observer: If you like to cook but not to shop or plan your own meals, and if you weren’t too hungry, and if you didn’t like cooking for too many friends, then Blue Apron — the startup delivering precisely measured, prepackaged amounts of just enough salmon, green beans, butter and lemon for one meal,…
Can Solar Power Compete With Coal? In India, It’s Gaining Ground
Electricity from sunlight costs less, a hopeful sign for developing nations building out their power grids. From a report: In a dusty northwest India desert dotted with cows and the occasional camel, a solar-power plant is producing some of the world’s cheapest energy. Built in 2018 by India’s Acme Solar Holdings, it can generate 200 megawatts of electricity, enough to power…
Microsoft’s Azure Cloud Service Is Becoming More Popular Than Amazon’s AWS At Big Companies
Microsoft CEO Satya Nadella has been focusing the company on cloud services — and CNBC reports on the results: A Goldman Sachs survey of technology executives at large companies last month showed that Microsoft remained the most popular supplier of public cloud services, even as Amazon leads the market overall in terms of revenue. Goldman Sachs based its latest findings on…
Next in Google’s Quest for Consumer Dominance — Banking
Google will soon offer checking accounts to consumers, becoming the latest Silicon Valley heavyweight to push into finance. The Wall Street Journal: The project, code-named Cache, is expected to launch next year with accounts run by Citigroup and a credit union at Stanford University, a tiny lender in Google’s backyard. Big tech companies see financial services as a way to get…
Viral Tweets From Steve Wozniak and Ruby on Rails Creator Spur Investigation Into Apple Credit Card
An anonymous reader quotes the BBC:
A US financial regulator has opened an investigation into claims Apple’s credit card offered different credit limits for men and women. It follows complaints — including from Apple’s co-founder Steve Wozniak — that algorithms used to set limits might be inherently biased against women. New York’s Department of Financial Services has contacted Goldman Sachs, which runs…
A Face-Scanning Algorithm Increasingly Decides Whether You Deserve the Job
Shmoodling shares a report from The Washington Post: Designed by the recruiting-technology firm HireVue, the system uses candidates’ computer or cellphone cameras to analyze their facial movements, word choice and speaking voice before ranking them against other applicants based on an automatically generated “employability” score. HireVue’s “AI-driven assessments” have become so pervasive in some industries, including hospitality and finance, that universities…