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Severe typhoon set to disrupt flight, train services in Japan
Disruptions from tropical storms this time of year have become an...
Wall street firms to pay $470 million to settle with US regulators over texting
The penalties mark the latest wave of a sweeping multi-year...
Fiat Chrysler to pay $700M to U.S., States, car owners over diesel emissions claims
The Justice Department in 2017 said Fiat Chrysler used auxiliary emissions controls in diesel vehicles that led to “substantially” higher than allowable levels of nitrogen oxide, or NOx pollution, which is linked to smog formation and respiratory problems.
Smart Car makers see safety enhancements turning into revenue opportunities
Whether by generating alerts about drowsiness, unfastened seat belts or wallets left in the backseat, the emerging technology aims not only to cut back on distracted driving and other undesirablebehavior, but eventually help automakers and ride-hailing companies make money from data generated inside the vehicle.
Sharing Safety:Toyota offers Its Driver Assistance Technology to Competitors
Self-driving cars and related mobility services could become a $10 trillion market, according to Ford Motor Co. Chief Executive Officer Jim Hackett. Toyota’s seemingly selfless act could pay off in fat royalties and potentially burnish its reputation as a safety and technology leader just as those attributes become critical to the autonomous age. Toyota insists it’s about saving lives in a world where 1.3 million people die on the highway each year.
Los Angeles sues IBM’s Weather Channel for use of location tracking
In a complaint filed Thursday [Jan. 3] in California state court, the city alleges IBM used detailed location data from users for targeted advertising and to identify consumer trends that might be useful to hedge funds, while at the same time telling consumers their location would only be used to localize weather forecasts. The suit doesn’t allege personally identifiable information was sold.
Ministry to question IndiGo, GoAir, others on Pratt & Whitney engine woes
IndiGo, India’s biggest carrier by market share, and rival GoAir were forced to ground Airbus A320neo aircraft on several occasions over the past year due to problems with the planes’ Pratt & Whitney engines.
RBI sets up panel under Nandan Nilekani to boost digital payments
The panel has been tasked with reviewing the existing status of digitisation of payments in the country, identifying the current gaps in the ecosystem and suggesting ways to bridge them and assessing the current levels of digital payments in financial inclusion. It will also “suggest measures to strengthen the safety and security of digital payments… (and) a road map for increasing customer confidence and trust while accessing financial services through digital modes”.
Colossal erosion transformed ancient Earth’s surface: Study
“Our study unifies a diverse set of geological observations and may prompt a fundamental reassessment of the relationship between erosion, sedimentation and sea level, on billion-year timescales,” said Brenhin Keller, a postdoctoral fellow at the Berkeley Geochronology Center in the US.
Swiss Re launches FLOW, insurance for companies exposed to high or low water levels
Unlike traditional insurance covers, which often require loss investigations and adjudication, FLOW provides pay-out of fixed amounts based on a defined index, for example each day the index remains below or above the defined index threshold value
Long way before AI systems take over humans jobs: Study
Researchers at university of California, Los Angeles (UCLA) in the US conducted various experiments which showed that it is easy to fool the deep learning neural networks.”The machines have severe limitations that we need to understand,” said Philip Kellman, a UCLA professor and senior author of the study published in the journal PLOS Computational Biology
RBI issues guidelines for tokenisation of card transactions
RBI has given permission to offer tokenised card transactions services to all channels such as near field communication (NFC), magnetic secure transmission (MST) based contactless transactions, in-app payments, QR code-based payments or token storage mechanisms, including cloud, secure element and trusted execution environment.