Three tech predictions for 2013

January 2, 2013

tech_prediction

Sometimes the most important ideas in tech are hiding in plain sight. In that spirit, here are three predictions for 2013 that are just waiting to happen. No 3D TVs, wearable computer or jet packs for me — at least not this year.

The Kindle Offer You Can"t Refuse

Demand is rapidly shrinking for e-ink e-book readers. IHS iSuppli predicts that when the books close on 2012 some 15 million will have been sold — down 36 percent from 2011.

And why not? Tablets are getting cheaper. Sure, you can pick up an ad-supported Kindle for as little as $70. But why shell out even that when $200 gets you an e-reader, and a media player, and a gaming machine, and everything else?

Dedicated e-ink readers aren"t falling out of favor because the technology has been surpassed. They"re losing out because the value proposition has changed. There"s a simple solution. Make them inexpensive enough so that it becomes an offer you can"t refuse.

That will happen at $50. At that price, buying a niche item you might use only occasionally is a relatively easy decision. It would be a no-brainer for students. A stocking stuffer for pre-teens that might even tear them away from their gaming consoles. An afterthought.

Nobody but Jeff Bezos & Co. know what Amazon needs to make (or, more likely, can afford to lose) on even a bare-bones Kindle, though it is generally accepted wisdom that the Kindle line has value to the company as a loss leader for the sale of books — razors to blades, as it were. Amazon also has a history of pushing price barriers: it experimented with universally-priced $10 e-books — selling them below cost, to the consternation of publishers.

Amazon started the digital book revolution. E-ink technology was life-altering, and remains far too worthy to disappear. The only thing “wrong” with it is that it"s too expensive. Amazon is uniquely positioned to fix that and breathe new life into this still-revolutionary device.

The Netbook Strikes Back

E-readers managed to survive a metaphysical threat from tablets. Netbooks, not so much.

Netbooks — bare-bones, inexpensive, portable computers — were poised to change the world. But just as they burst on the scene, full-powered computers got just as small and just as light, like Apple"s MacBook Air. And then the iPad sucked out whatever air was left in the room.

Conditions have conspired again to make netbooks attractive. Advances in cloud computing make productivity activities — collaborating on and sharing documents — painless. That in turn makes hard drives — local storage — less important. Indeed, lighter flash drives with less capacity than hard drives are now de rigueur on high-end devices. And the biggest compromise of the netbook — the lack of a CD drive — is now increasingly irrelevant.

So who actually needs to pay for lots of bells and whistles?

Many of us do, of course. But many of us don"t. If you can spend $200 or so for a serviceable laptop you might think twice about “needing” something that costs $1,000 more.

Computing has been Balkanized by the mobile revolution. We work on our phones at least as much as on our laptops. We only discovered a need for tablets three years ago and now they dominate. Laptops are still essential for long periods of typing. But these days they are just another tool in the chest, a computer you resort to rather than seek out first.

Netbooks will become attractive again because the cult of the machine is shifting to big remote servers that allow us to use thinner, less expensive clients. And it is the upstarts in this space that have the most to gain — notably Google.

The search giant may be uniquely positioned to innovate because it has the resources and wherewithal to enter a commodity business with razor-thin margins. Google started pushing netbooks a couple of years ago and last year unveiled leasing plans for businesses and schools. It"s expanding now with direct-to-consumer sales of two models, the most expensive of which is a $250 machine built with Samsung — right in the sweet spot of tablet pricing and a fraction of the cost of comparable ultralights.

There is one big problem: given that these devices arrived with a thud the first time, the word “netbook” itself may have negative connotations — Google doesn"t use it at all, calling their netbooks “Chromebooks.”

So, let the makeover begin.

Take a letter, Siri!

Siri started a quiet revolution when it was introduced with the iPhone 4S in 2011. Like many Apple innovations, voice command was not something new — it was old and mostly reviled. Voice control never seemed to work well — and seemed curiously inappropriate — on desktop computers. And with Siri, sometimes it feels like she is from Venus and we are from Mars.

But, unlike with desktops, we naturally speak into our phones. So speaking to our phones to control our phones doesn"t seem odd at all. Full disclosure: I was hooked on Siri from the start, warts and all. Last year at about this time I described Siri as one of the previous year"s ''tech earthquakes.''

Siri wasn"t exactly the everyman's Watson, but my romance has not waned. There have, however, been some prominent divorces: The New York Times' Nick Bilton wrote a mournful Dear Siri letter in July, confessing that “last week I had what will probably be my last conversation with Siri for a while.”

But stick with me on this. Siri, and its Android equivalents, will catch fire in 2013.

The weakest link with a computer is always input — how we communicate with it. Keyboards, trackpads and gaming controllers are imperfect proxies. We are always looking for shortcuts to operate the computer as fast as we can think.

Much of the iPhone"s success is because it is so easy to operate — the interface keeps up with us like never before. I sketched out this column while running chores. There would have been no other way for me to capture snippets of ideas on the run without the ability to dictate and have my phone transcribe. And we all know we get our best ideas at the worst time: dashing to an appointment; running on the treadmill; sitting in traffic; in the middle of the night when lying in bed.

Siri"s acceptance has been slower than I expected — most iPhone users I know don"t use it (or admit to it). But voice control is everywhere now. Google"s Android-powered devices are, by some accounts, a match for Apple's tech. Siri and Android voice control both now open apps, making the switch among them even less complicated.

So here is what"s going to happen next year: There will be greater awareness of voice tech"s ability to take near-perfect dictation — maybe the least sexy feature, but the most useful in our daily lives. Siri and her cousins will gain wide acceptance for the simplest things they do, as improvements to the more complicated tasks gradually improve.

Google and Apple would be wise to nudge this along with marketing campaigns that emphasize not the Holy Grail 'semantic search' but the seemingly humble ability of mobile devices to do what they are told. It"s a big deal that they"re at our beck and call.

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Agencies
June 16,2020

Paris, Jun 16: Increasing numbers of readers are paying for online news around the world even if the level of trust in the media, in general, remains very low, according to a report published Tuesday.

Around 20 percent of Americans questioned said they subscribed to an online news provider (up to four points over the previous year) and 42 percent of Norwegians (up eight points), along with 13 percent of the Dutch (up to three points), compared with 10 percent in France and Germany.

But between a third and a half of all news subscriptions go to just a few major media organisations, such as the New York Times, according to the annual Digital News Report by the Reuters Institute.

Some readers, however, are also beginning to take out more than one subscription, paying for a local or specialist title in addition to a national news source, the study's authors said.

But a large proportion of internet users say nothing could convince them to pay for online news, around 40 percent in the United States and 50 percent in Britain.

YouGov conducted the online surveys of 40 countries for the Reuters Institute in January, with 2,000 respondents in each.

Further surveys were carried out in six countries in April to analyse the initial effects of COVID-19.

The health crisis brought a revival of interest in television news -- with the audience rising five percent on average -- establishing itself as the main source of information along with online media.

Conversely, newspaper circulation was hard-hit by coronavirus lockdown measures.

The survey found trust in the news had fallen to its lowest level since the first report in 2012, with just 38 percent saying they trusted most news most of the time.

However, confidence in the news media varied considerably by country, ranging from 56 percent in Finland and Portugal to 23 percent in France and 21 percent in South Korea.

In Hong Kong, which has been hit by months of sometimes violent street protests against an extradition law, trust in the news fell 16 points to 30 percent over the year.

Chile, which has had regular demonstrations against inequality, saw trust in the media fall 15 percent while in Britain, where society has been polarised by issues such as Brexit, it was down 12 points.

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News Network
February 5,2020

Feb 5: Tesla is making Elon Musk a lot richer without paying him a dime.

A blistering stock rally has bolstered the value of CEO Musk's 19% stake in the electric car maker by $16 billion since the start of 2020, to $30 billion.

Tuesday's steep climb in the share price could sweeten Musk's payday under his record-breaking compensation package, which is built on stock options that rely on market value targets. Two milestones have now been achieved that could see Musk unlock options worth $1.8 billion.

The controversial chief executive, who is also the majority owner and CEO of rocket maker SpaceX, recently testified that he did not have a lot of cash as he successfully defended himself in a defamation lawsuit. He previously has taken loans using his Tesla shares as collateral.

Musk does not take a salary, choosing instead a risky options package that envisions the stock market value of Tesla rising to $650 billion over 10 years, a prospect that was derided by some investors when the deal was announced in 2018.

That target now looks less crazy. Shares of Tesla have rallied over 50% since the company posted its second consecutive quarterly profit last Wednesday, which was viewed as a major accomplishment for a company competing against established automotive heavyweights including General Motors Co  and BMW.

Tesla shares have climbed about 400% since early June, helped by the company's better-than-expected financial results and ramped-up production at its new car factory in Shanghai.

On Tuesday, Tesla surged as much as 24% before falling back in the final minutes of the trading session to end the day up 13.7%. That put its market capitalization at $160 billion, almost twice the combined value of Ford Motor and General Motors.

The shares had also rallied on Monday, partly fueled by Panasonic Corp's 6752.T saying its automotive battery venture with Tesla was profitable for the first time.

The options Musk was awarded in 2018 vest incrementally based on targets for Tesla's stock market value and its financial performance. The market capitalization would have to sustainably rise by $50 billion increments over the agreement's 10-year period, with the full package payout reached if the market cap reaches $650 billion, as well as the company's meeting revenue and profit targets.

Musk is on his way to seeing his first two tranches of options vest. He achieved operational targets on revenue and adjusted earnings last year.

The rise in Tesla's market capitalization last month to a target of $100 billion opened the way for Musk's first tranche of options to vest. With Tuesday's surging share price, the market capitalization blew past the second target of $150 billion, opening the way for the second tranche to vest. Tesla's market capitalization must stay at or above each target level for one- and six-month averages for each set of options to vest.

Tesla was valued at about $52 billion when shareholders approved the pay package in March 2018, a time when the company faced a cash crunch, production delays and increasing competition from rivals.

A full payoff for Musk would surpass anything previously granted to U.S. executives, according to Institutional Shareholder Services, a proxy advisor that recommended investors reject the pay package deal at the time.

Musk currently owns about 34 million Tesla shares, and his compensation package would let him buy another 20.3 million shares if all his options tranches vest.

When Tesla unveiled Musk’s package, it said he could in theory reap as much as $55.8 billion if no new shares were issued. However, Tesla has since awarded stock to employees and last year sold $2.7 billion in shares and convertible bonds, diluting the value of the stock.

Musk has transformed Tesla from a niche car maker with production problems into the global leader in electric vehicles, with U.S. and Chinese factories. So far it has stayed ahead of more established rivals including BMW and Volkswagen.

Many investors remain skeptical that Tesla can consistently deliver profit, cash flow and growth. More Wall Street analysts rate Tesla "sell" than "buy," and the company's stock is the most shorted on Wall Street.

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Agencies
March 25,2020

In an unprecedented crisis despite Prime Minister Narendra Modi assuring the continuation of essential services like food and groceries, online marketplaces like Flipkart and Amazon along with delivery platforms like Bigbasket, Grofers and FreshToHomes hit a major blockade on Wednesday as local authorities shut warehouses and sent delivery boys back, even harassed them.

Millions of people across cities were left helpless at homes as essential items like fruits and vegetables, dairy and milk, meat and fish etc did not reach their doors despite placing orders well in advance. Later, the orders went dry.

While Grofers' warehouse in Faridabad was closed by the local law enforcement agencies, Bigbasket complained that the police stopped its delivery partners and "some of them were even beaten up by for no fault of theirs".

"We are not operational due to restrictions imposed by local authorities on movement of goods in spite of clear guidelines provided by central authorities to enable essential services. We are working with the authorities to be back soon,' Bigbasket tweeted.

In a statement to IANS, Bigbasket said that it will help to have better coordination between the Centre and state, and between the state and local police to "ensure that our delivery vans and bikes don't get stopped by the police. Bigbasket and bb daily are not taking new orders".

Furious people stormed the social media platforms, writing their plight to NITI Aayog CEO Amitabh Kant on Twitter.

"Sir, all e-commerce are down. Believe me I tried everything (Grofers, Bigbasket, Flipkart, Amazon, Big Bazaar), no delivery till 31st March or Server Down or No Service. Need to think how we can enable them through digital India," tweeted one user.

Kant tweeted back to Bigbasket: "They should give me specifics - State & location. I will act on it by getting in touch with concerned authorities & sorting it out. Govt guidelines exempt them. We will ensure that citizens are not impacted".

Kant also responded to Grofers: "Cold storages & Warehouses as well as delivery of all essentials goods including food, pharma thru E-Commerce are exempted under MHA order. I have spoken to CS & DGP, Haryana . They have taken immediate action to ensure that supply chains efficiently function for the citizens".

The subscription-based hyperlocal delivery startup FreshToHome sent messages to its customers, saying that despite the government declaring food delivery as essential, "we are facing hardships in continuing our operations".

"Please bear with us as we are working hard to unblock local authority hurdles," said the FreshToHome team.

Reports later surfaced that the Department for Promotion of Industry and Internal Trade (DPIIT) has initiated talks with the state Chief Secretaries asking them not to restrict movement of people engaged in home delivery of essential items, mentioned in the list of exempted items circulated by the Home Ministry.

Meanwhile, Flipkart said it has temporarily suspended its operations and services - including grocery items. The marketplace has decided to halt all orders from March 25 for all three supply chains -- groceries, non-large goods and large items.

"Flipkart has temporarily suspended orders as we assess the possibilities of operating in the lockdown. We are prioritising the safety of our delivery executives and seeking the support of the local governments and police authorities to meet the needs of our customers as they stay home during this lockdown," Rajneesh Kumar, Chief Corporate Affairs Officer, Flipkart, said in a statement.

E-commerce giant Amazon said the company has to "temporarily stop taking orders and disable shipments for lower-priority products.

"For all pending customer orders on lower-priority products, we are reaching out to customers and giving them a choice to cancel their orders, and receive a refund for prepaid items," said the company.

Witnessing a surge in demand, supermarket chain Biz Bazaar entered the fray, with launching doorstep delivery services in major cities like Delhi, Mumbai, Bengaluru and Gurugram.

However, within no time, Big Bazaar was flooded with calls, forcing the company to issue a statement, saying that "In light of the recent announcement, we are receiving an unprecedented number of requests for doorstep delivery. There could be a delay due to the restrictions on movements".

Already battling massive surge in demand, the online delivery platforms faced other issues too, including zero access to several high-rises across the country which have gone under complete lockdown with all entry and exit gates locked.

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