The US is edging ever closer to regulating its giant, world-famous tech companies. But even as lawmakers in DC spar with the likes of Google and Facebook over potential overreach, European regulators have already been busy. And there are no signs of stopping next year.
To add to the pressure on the banks, tech giants like Apple, Facebook and now Google have been making inroads into finance. Apple earlier this year launched a credit card, piggybacking off an account provided by Goldman Sachs, while Facebook announced its libra cryptocurrency initiative and Google is set to debut a checking account next year.
The Office for Civil Rights (OCR) in the Department of Health and Human Services (HHS) “will seek to learn more information about this mass collection of individuals’ medical records to ensure that HIPAA protections were fully implemented,” Roger Severino, the office’s director, said in a statement, referring to the federal law restricting the release of medical information.
Google LLC has been busily collecting health data on millions of Americans across 21 states, The Wall Street Journal reported Monday. The initiative, which Google seemed to have kept secret from the public, is codenamed “Project Nightingale.” Documents obtained by the Journal reveal that the heath data has been shared in partnership with St. Louis-based chain of hospitals called Ascension, a Catholic hospital that calls itself “a faith-based healthcare organization dedicated to transformation through innovation across the continuum of care.”
The United States cannot allow others to beat us in this crucial technological race. Quantum computing, with its promise of harnessing the strange properties of the subatomic world to accelerate computing, is one potential alternative to the current computing technology that has sustained progress for decades. For decades, much of the economy in the United States and around the world has been driven by the invisible hand of Moore’s law. It simply states that the power of computer microprocessors will double every two years while they get smaller and costs are cut in half.
There’s nothing “free” about what companies like Facebook and Google are offering, Warner said. Established companies don’t want more transparency about how data is monetized and whether it differentiates among individuals. Whether or not data is considered property, said Sen. John Kennedy, R-La., companies are making money off its value. Out of the 95 billion dollars Facebook made last year, he said, most of the revenue came from targeted advertisements.
Rep. Debbie Dingell (D-Mich.) in letters to Amazon and Google this week raised concerns that smart speakers are "eavesdropping" on customers without their consent. In a pair of letters on Thursday, Dingell pressed Amazon executive Jeff Bezos and Google CEO Sundar Pichai over how they vet applications running on Amazon's Alexa and Google Assistant.
The fact is, quantum supremacy -- a term that is burning down the Internet today -- is really just an exceedingly fancy way of saying a super-duper kind of computer, one that not only operates on quantum principles, but masters them so deftly that it actually outperforms a traditional computer. (That’s where the “supremacy” part comes from.)
The paper outlining the work, published in the journal Nature this morning, comes a month after a draft was unintentionally posted on a NASA server. It demonstrates that a quantum processor consisting of 54 superconducting quantum bits, or qubits, was able to perform a random sampling calculation - essentially verifying that a set of numbers is randomly distributed - exponentially faster than any standard computer.
Alphabet Inc.’s Google hired the top aide to Republican Sen. Rob Portman to head its Washington policy operation, filling a key post as the internet search giant confronts escalating regulatory threats.