When the insurance company monitors your driving in real time does it help?
The traditional model for setting auto insurance premiums has been to base rates on the motorist's driving history, age, gender and even marital status (in some states). Thanks to new technological options, insurance companies, and motorists have started to work together to give the insurance companies access to better data on an individual driver's risk level, and give the same driver a sense of greater control over how much he or she will pay in insurance premiums.
Feb 08, 2019 07:55 AM EST
Can machine learning deliver critical market insight on consumer needs faster and cheaper?
Consumer brands have long used old-fashioned focus groups, interviews and surveys to best gauge consumer wants, desires and needs as part of processes that range from product development, to marketing and sales. As machine learning and artificial intelligence (AI) have emerged, there is an increasing interest in the ability to harness these solutions to save time and money, and to yield more reliable consumer insights.
Feb 08, 2019 06:51 AM EST
North Korea's 'Lazarus' hackers attack global banks, stolen money to fund nuclear programs
What seemed like a perfect hacking operation turned out to be a failure as Kaspersky has spotted a mistake on the part of the Lazarus hackers. It found a brief connection that came from North Korea - proving their identity and origin.
Apr 04, 2017 06:56 PM EDT
Qatar Airways to offer loaner laptops in response to the US' electronics ban
Qatar also promises to provide a one hour free Wi-Fi access with a $5 charge to stay connected the whole flight. The loaner laptops, a workaround over the electronics ban, will only be available to the airlines' business class passengers.
Mar 31, 2017 07:17 AM EDT
Amazon to collect state sales tax marking the end of tax-free shopping experience
Amazon was one of the leaders in keeping online purchases tax-free. As the company moves to offer faster deliveries, it expanded its distribution centers and started collecting sales tax in more states.
Mar 31, 2017 09:54 PM EDT
Jeff Bezos becomes second richest in the world surpassing Warren Buffett, Amancio Ortega
Jeff Bezos added $1.5 billion to his fortune after Amazon rose to $18.32 on Wednesday following the announcement that it acquired Dubai-based online retailer Souq.com.
Mar 30, 2017 08:39 PM EDT
Amazon acquires e-commerce platform Souq.com
Amazon executives did not disclose the value of the deal to which Goldman Sachs refer to as the "the biggest-ever technology M&A transaction in the Arab world."
Mar 29, 2017 10:40 AM EDT
Elon Musk launches brain electrode company Neuralink
The idea of Elon Musk in creating Neuralink is to improve memory or give humans added artificial intelligence. This could be achieved by developing neural lace technology that would implant tiny electrodes into the brain.
Mar 29, 2017 11:13 AM EDT
American Airlines to buy $200 million worth of shares in China Southern
The deal ties American Airlines, one of the three big carriers in the US, with one of China's big three state-run airlines.
Mar 28, 2017 11:51 AM EDT
Apple, Facebook join augmented reality glasses race; tech groups bet it could replace smartphone
Apple and Facebook are going up against start-up company Magic Leap and Microsoft's HoloLens in developing a pair of augmented reality glasses that could one day replace the smartphone as the primary computing device for consumers.
Mar 28, 2017 09:25 AM EDT
Uber suspends self-driving cars operations after Arizona crash
Uber Technologies Inc. is suspending its self-driving cars after one of its autonomous vehicles was involved in an accident in Tempe, Arizona. This is the latest incident from the company that is facing one controversy after the other.
Mar 27, 2017 12:13 PM EDT
More big brands pull ads from YouTube
The brands told reporters on Thursday that they were pulling either some or all of their ads from Google-partnered websites. This comes after they were being alerted that their ads were still appearing next to extremist videos even after when YouTube has apologized for the matter.
Mar 27, 2017 12:16 PM EDT