NEW YORK (AP) — The latest on developments in financial markets (all times local):2:07 p.m.Stocks are falling sharply on Wall Street as big technology and industrial companies take heavy losses.The Dow Jones industrial average plunged as much as 600 points Tuesday, weighed down by sharp drops in Caterpillar, a heavy equipment maker, and manufacturer 3M.Caterpillar warned of weaker profits and 3M, like several other manufacturers reporting their quarterly results, said it was seeing higher costs for raw materials.Mining company Freeport-McMoRan plunged 16 percent.Google parent Alphabet sank 5.3 percent after reporting a spike in spending.The Dow was down 540 points, or 2.2 percent, at 23,918. It was down as much as 619 earlier.The S&P 500 index lost 44 points, or 1.7 percent, to 2,626. The Nasdaq gave up 144 points, or 2 percent, to 6,984.———11:45 a.m.Major U.S. stock indexes gave up an early gain and were mostly lower in midday trading, but smaller companies … [Read more...] about Markets Right Now: Industrials, big technology stocks sink
Technology
What makes something AI technology? Experts don’t always agree
Home Law Scribbler What makes something AI technology? Experts… LawScribbler By Jason Tashea Posted April 23, 2018, 8:30 am CDT Jason Tashea Last year, I had my eyes opened. As a participant at two forums on artificial intelligence and public policy—one held by the Government Accountability Office and the other by the National Academies of Sciences, Engineering, and Medicine—I was surrounded by AI and policy experts representing topics as varied as autonomous vehicles, criminal justice, cybersecurity, education, finance and social services. Up until that point, my post-law school career had been cloistered away in the criminal justice system, including my tech work. So, it was fascinating to see the diversity and complexity that AI represented across industries and subject-matter areas that I didn’t often think about. While there are numerous common interests and priorities across industries and policy areas, one takeaway from these events was a lack of … [Read more...] about What makes something AI technology? Experts don’t always agree
Battery technology breakthrough could spark new generation of smart glasses
News / UK and world by Press Association April 23, 2018, 11:33 am FacebookTwitterLinkedInWhatsAppEmail Sign up to our Daily newsletter Researchers in the US claim they have created a way to stream HD video that uses 10,000 times less power than current technologies. A team of engineers at the University of Washington have developed a technique that enables wearable cameras such as smart glasses or Snapchat’s Spectacles to send video to a connected smartphone for processing. The result is a camera system that requires far less power to run, and could be a breakthrough for smart glasses. Currently, streaming cameras process and compress videos before transmitting them to a connected device, but the engineers used a technique called backscatter, which reflects data from the camera lens directly to a smartphone via an antenna. The smartphone then processes the video instead, saving power previously used up on the camera. As a result, the researchers said they … [Read more...] about Battery technology breakthrough could spark new generation of smart glasses
Post-harvest technology is lagging behind
Viet Nam News Farmers are suffering a paradox of “good crop but prices drop” with one of main reasons being weak application of post-harvest technology. Associated Prof. Dr. Nguyễn Thị Bích Thủy, head of the post-harvest technology section of the Việt Nam Agriculture Academy, talks with Kinh Tế Việt Nam và Thế Giới (Việt Nam and World Economy) Magazine about the issue. Could you explain the important role of post-harvest technology in agricultural production, especially for Việt Nam – a country with an advantage edge of exporting agricultural products? Việt Nam’s agricultural products have lots of potential. Some products were on top of the world exporting list. However, Việt Nam’s current post-harvest technology has been lagging behind. The post-harvest losses were still high, about 12-15 per cent to grain products, and 25-30 per cent to fruits and vegetables, even … [Read more...] about Post-harvest technology is lagging behind
Where tomorrow’s technology is born
Arnav Kapur can order a pizza just by thinking it. Want pepperoni on top? No problem—the 23-year-old can make that happen without saying a word or lifting a finger. It probably sounds like something out of science fiction, but it's as real as the Domino's pizza that showed up and fed a 60 Minutes crew recently. Kapur is a graduate student at the Massachusetts Institute of Technology Media Lab, an interdisciplinary research lab that advances technology through creative—even outlandish—ideas. Started in the 1980s as an attempt to merge computers and the arts, the Media Lab has now expanded to more than 200 graduate students who are given free rein to dream, design, and engineer their ideas, no matter how far-fetched. 60 Minutes correspondent Scott Pelley and producer Katie Kerbstat met Kapur when they visited the Media Lab for a story on the broadcast this week. Kapur's project, called AlterEgo, is a wearable device that intercepts electrical signals, which the … [Read more...] about Where tomorrow’s technology is born