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Amazon urged not to sell facial recognition tool to police

Amazon urged not to sell facial recognition tool to police

Technology
Amazon's decision to market a powerful face recognition tool to police is alarming privacy advocates, who say the tech giant's reach could vastly accelerate a dystopian future in which camera-equipped officers can identify and track people in real time, whether they're involved in crimes or not. It's not clear how many law enforcement agencies have purchased the tool, called Rekognition, since its launch in late 2016 or since its update last fall, when Amazon added capabilities that allow it to identify people in videos and follow their movements almost instantly. The Washington County Sheriff's Office in Oregon has used it to quickly compare unidentified suspects in surveillance images to a database of more than 300,000 booking photos from the county jail — a common use of such te...
Nestle pays Starbucks $7.1bn to sell its coffee

Nestle pays Starbucks $7.1bn to sell its coffee

Business
Nestle has announced that it will pay Starbucks $ 7.1bn (£5.2bn) to sell the company's coffee products. The Swiss giant, which boasts Nescafe and Nespresso amongst its brands, will have the right to market Starbucks' coffee in retail outlets outside the cafe chain.That part of the business currently generates $ 2bn in annual sales.The deal means Nespresso machine owners will be able to buy Starbucks coffee branded pods for use at home. Consumers will also find Starbucks coffee beans, ground and instant coffee more readily available as Nestle, the world's largest food and drinks company, uses its vast distribution network to market Starbucks products worldwide.Nestle's name will not appear alongside Starbucks's, but the deal could still help Nestle strengthen its US business, thanks ...
Tata Motors Finance to sell securitised loans of Rs 500 crore

Tata Motors Finance to sell securitised loans of Rs 500 crore

Finance
Mumbai: Tata Motors Finance, which funds buyers of commercial vehicles sold under the Tata badge, plans to sell securities backed by loans worth Rs 500 crore ahead of the end of the fiscal year to free up cash to lend more in FY19. The non-banking finance arm of Tata Motors will sell the securities in private transactions with banks for which the exposure lowers their priority-sector lending commitments. Fitch Ratings has assigned a 'BBB-(EXP)sf' expected rating to the issue. Securitisation is a way of pooling loan receivables and selling their related cash flows to third-party investors as securities. This frees up capital for the originator of loans as funds received as proceeds could be lent to more customers and help expand the business. Tata Motors Finance competes with larger compani...
Is Apple planning to sell crumb-proof keyboards?

Is Apple planning to sell crumb-proof keyboards?

Technology
Crumb-proof keyboards may be on the horizon after Apple filed a patent for new designs.Digging out remnants of your lunch - or a cheeky mid-morning biscuit - from your keyboard could become a thing of the past, with the patent describing different keyboard designs which will "prevent contaminant ingress".Skirts or flaps could be used to protect the edges of keys - similar to the spraydeck of a kayak. Other designs show brushes or wipers used to keep keys clean.Another design shows a keyboard which contains "bellows that blast contaminants with forced gas".Image:Flaps could be used to protect the edges of keys - like the blue spraydeck on this kayakCoffee enthusiasts may also benefit from the patent, as the proposed designs include spill-proof versions intended to help clumsier users who ar...
Raytheon, Lockheed to sell Javelins to multiple foreign customers

Raytheon, Lockheed to sell Javelins to multiple foreign customers

Business
Feb. 23 (UPI) -- Raytheon and Lockheed Martin were awarded a contract under a foreign military sale for the delivery of Javelin weapon systems.The deal, announced Thursday by the Department of Defense, is valued at more than $ 94.8 million under a modified contract.The contract would provide the countries of France, Taiwan, Jordan, Qatar, Turkey and Lithuania with Javelin weapon systems, rounds, command launch systems and battery coolant unit spares, the Pentagon said.Work on the contract will occur in Tucson, Ariz., and is expected to be completed by August 2020.The total contract amount will be obligated to Raytheon and Lockheed Martin at the time of award from Army fiscal 2018 other procurement funds, the Pentagon said.Let's block ads! (Why?) Business News - UPI.com