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Industry: Digital & Technology

SEC charges TRON founder Justin Sun, celebrities Lindsay Lohan, Jake Paul with crypto violations

The SEC unveiled charges against diplomat Justin Sun for fraud and securities violations, while charging celebrity backers including Jake Paul and Lindsey Lohan.

1 hour ago
Industry: Energy

SEC charges TRON founder Justin Sun, celebrities Lindsay Lohan, Jake Paul with crypto violations

The SEC unveiled charges against diplomat Justin Sun for fraud and securities violations, while charging celebrity backers including Jake Paul and Lindsey Lohan.

1 hour ago
Industry: Rubber, Plastics &...

Wacker's plan for growth is aggressive, sustainable

Wacker Chemie A.G. has bold goals in the next decade as it looks to accelerate growth and address sustainability needs—without sacrificing one for the other.

1 hour ago
Industry: Computer Peripherals & IT

Ethernet co-inventor Bob Metcalfe wins the Turing Award, the 'Nobel Prize of computing'

Even if you're not plugging an Ethernet cable into the wall, somewhere along the chain you're still relying on that technology to get online. You've got Bob Metcalfe and the late David Boggs to thank for that. Together at Xerox's renowned Palo Alto Research Institute (better known as Xerox PARC), the pair developed Ethernet and set the stage for a networking revolution. Yesterday, Metcalfe received the Association for Computing Machinery (ACM) A.M. Turing Award, which is often pegged the "Nobel Prize of computing."Thanks to funding from Google, that prize is now worth $1 million, and it's yet another highlight for Metcalfe's storied career. After leaving Xerox PARC, he founded 3com, a networking equipment company that brought Ethernet to the mainstream. “It is dangerous to accept an award for developing Ethernet, which turns 50 on May 22, 2023,” Metcalfe told the University of Texas, where he now serves as a professor emeritus. “Over Ethernet’s 50 years, hundreds of people have earned some claim of inventorship. Join me in saying to these folks, ‘Thank you.’”Despite its notoriety as a cable technology, Metcalfe told the New York Times that he originally envisioned it to be more like the Wi-Fi we know today. “We wanted to make it wireless,” he said. “But we couldn’t have zero wires. It would have been too slow and too expensive.”This article originally appeared on Engadget at https://www.engadget.com/bob-metcalfe-wins-turing-award-ethernet-195342698.html?src=rss

2 hours ago
Industry: Safety, Security &...

Facewatch to stop using Hikvision amid controversy over UK retail biometrics

Retailers across the UK are increasingly turning to facial recognition technology to combat shoplifting amid a rise in thefts and police inaction. Who the cameras they use are manufactured by has become the latest flashpoint in an ongoing controversy. According to the British Retail Consortium, shoplifting incidents increased from 2.9 million in 2016/17 to 7.9 million last year -- with costs almost doubling from £503 million (approximately US$618.5 million) to £953 million ($1.17 billion). Further, Daniel Garnham, president of the Security Industry Federation and ex-police officer, told the Daily Mail that police usually do not prioritize arresting individuals for shoplifting items worth less than £200. To combat these issues, some retailers are using a system from Facewatch. The Mail also reports that Facewatch uses Chinese-made cameras from Hikvision, which has been the subject of extensive controversy in the UK and elsewhere. In response, the founder of FaceWatch, Simon Gordon, tells Biometric Update in an email that the company no longer will "use Hik cameras for new installs anymore and has never used Chinese FR algorithms." Further, Tesco, the UK's largest retailer, has banned Hikvision cameras, and those from Dahua, over human rights concerns and is replacing them, according to an IPVM report. This significant move sends a message to other businesses, with rights groups vowing to pressure others to follow suit. Facewatch’s system uses biometric cameras to scan the faces of those who enter a shop. If a match is found with a suspected criminal, the technology immediately alerts the shop. Staff can also keep images of people they reasonably suspect are guilty of theft or other crimes and upload them onto a 'watchlist' shared with other shops using Facewatch cameras, some of which may be supplied by Hikvision. All images of subjects of interest are stored for a fixed time period in the Facewatch database unless it is believed that the suspect has committed another offense. All other images are deleted. The facial recognition software works by matching real-time images to a template generated from a previous photograph of a person. There is controversy surrounding the use of biometrics on cameras from any provider to prevent shoplifting. Big Brother Watch launched a legal challenge last year with the Information Commissioner's Office arguing that Facewatch breaches data protection laws.

2 hours ago
Industry: Rubber, Plastics &...

Biden sets US goal to replace 90% of plastics with biomaterials

A new report from the White House calls for rapid advancements over the next 20 years in bio-based plastics as part of a bigger government biotech strategy.

2 hours ago
Industry: Rubber, Plastics &...

Paul Caprio Joins LS IMM USA as president of sales

LS Mtron Injection Molding Machines USA (LS IMM USA) has announced that industry veteran Paul Caprio has joined the company at President of Sales. Caprio is reuniting with his friend and colleague, LS IMM USA President, Peter Gardner.

2 hours ago
Industry: Others

Finding the fiery red rocks in Nevada's Valley of Fire

One of the must-see sights when in Las Vegas can be found an hour north of the strip. CNN's Off the Beaten Path takes the main drive through the bright red rock formations of the Valley of Fire state park. And Adrenaline ATV Tours takes us off road to reveal the back country of this amazing destination.

2 hours ago
Industry: Rubber, Plastics &...

Hexpol Compounding Americas expects 'mixed outlook' for 2023 demand

Hexpol Compounding Americas is seeing a mixed trend in demand, with the automotive industry in recovery mode, particularly in Mexico.

2 hours ago

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Biz Forum > News

SEC charges TRON founder Justin Sun, celebrities Lindsay Lohan, Jake Paul with crypto violations

SEC charges TRON founder Justin Sun, celebrities Lindsay Lohan, Jake Paul with crypto violations

Wacker's plan for growth is aggressive, sustainable

Ethernet co-inventor Bob Metcalfe wins the Turing Award, the 'Nobel Prize of computing'

Facewatch to stop using Hikvision amid controversy over UK retail biometrics

Biden sets US goal to replace 90% of plastics with biomaterials

Paul Caprio Joins LS IMM USA as president of sales

Finding the fiery red rocks in Nevada's Valley of Fire

Hexpol Compounding Americas expects 'mixed outlook' for 2023 demand

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