Gaza City academy hopes its hi-tech business model will be immune to physical barriers to trade. It’s a scene straight from a Silicon Valley startup. Hot-desking twentysomethings type code into laptops covered with stickers. Retro Pac-Man graffiti and motivational slogans like “DO EPIC THINGS” adorn the walls. Bookshelves are filled with the tech classics: “The Facebook Effect” and “The Founder’s Dilemmas”. Wifi routers hang overhead, as do Edison bulbs, emitting more style than actual light. But this is not the San Francisco Bay Area. No electric cars quietly whirr by. Instead, this is Gaza, with its cracked streets and checkpoints manned by militants. On the perimeter of this impoverished coastal enclave are Israel and Egypt, countries that have blockaded this tiny slice of land for years. Tight restrictions on the movement of goods and, vitally, people, have been the death of much industry here. But Gaza’s first coding academy … [Read more...] about Wireless in Gaza: the code school bringing hope to the strip
Globalive wireless management corp
Facebook Inc. has named a new head of U.S. public policy as the company deals with ongoing fallout from the Cambridge Analytica scandal and increasing pressure over privacy around the world.Kevin Martin, a Republican former chairman of the Federal Communications Commission who has worked for the social media platform since 2015, will take on the role on an interim basis, the company said.The move comes in the wake of revelations that Cambridge Analytica, the political consultancy with ties to President Donald Trump’s campaign, obtained the personal data of as many as 87 million Facebook users without their permission. Earlier in April, Chief Executive Officer Mark Zuckerberg testified before Congress for two days over the episode, and the company is facing privacy probes by the U.S. and international authorities.The company also confirmed it would not send a representative to a congressional committee’s Thursday hearing on "whether viewpoints have been silenced on some of … [Read more...] about Facebook Taps Republican to Lead Policy Team Amid Scrutiny
Mathematical formulas, scrawled in red and black, cover a glass wall. The office is small, but the three men who work there, dressed in jeans and sneakers, hovering around an array of computers, have big plans. They want to run a stock market, and they say they and their algorithms can do what even their leanest competitors would need 80 human beings to achieve.Kelly Littlepage, Stephen Johnson, and Richard Suth have rented a 240-square-foot office in a building on a quiet side street in Lower Manhattan. Next door, a shop sells black leather motorcycle jackets (“Ride or Die”) and retro lamps made from old cassette tapes. The three entrepreneurs say their company, OneChronos, will fundamentally alter the business of buying and selling stocks established more than two centuries ago by the New York Stock Exchange, located just over a mile away.OneChronos is seeking to be the first venue trading mainstream securities to use artificial intelligence to match trades. Whereas stock … [Read more...] about Does the World Really Need an AI-Powered Dark Pool?
Activist investors have the power to get more women on corporate boards, should they choose to use it.Elliott Management Corp. called this week for operational changes and a board overhaul at data-management software company Commvault Systems Inc. In a letter to the board, Elliott partner Jesse Cohn and portfolio manager Jason Genrich had many criticisms of a management strategy that's led to the erosion of Commvault's profitability and share price, but one point in particular stood out: the lack of diversity among directors of the $3 billion company. All but one Commvault board member is a man, and the sole woman was added only in February.Two of the four candidates Elliott is nominating to Commvault's board are women: Martha Bejar and Wendy Lane. The hedge fund has nominated women to boards before, but this is the first time I've seen Elliott, or for that matter any prominent male corporate activist, directly call a company out for having too many male directors. … [Read more...] about Activists Should Take the Lead on Board Diversity
The Trump administration’s concern about China’s growing technology clout is putting even more pressure on U.S. wireless carriers in their marketing battle over which company will be the first to offer 5G.Verizon Communications Inc., AT&T Inc. T-Mobile US Inc. and Sprint Corp. are rushing to deliver fifth-generation wireless service that will perform as much as 100 times faster than 4G. At stake is the potential to grab market share in an industry where consumers are fiercely loyal to their carriers. And the companies need to upgrade their networks quickly so they can quash the idea that government should intervene to accelerate the process.“The race is really about getting that 5G icon on the handset,” said Chetan Sharma, a wireless consultant. In the consumer’s mind, 5G is way better than 4G, he said. Verizon boosted its market share by 5 percentage points after it was the first to roll out 4G more than seven years ago.While fully standardized … [Read more...] about Trump’s China Concern Adds Pressure in Race to Be First With 5G